Document:

nene_codeofethicsexhibit1017.htm - Generated by SEC Publisher for SEC Filing

 

Code of Ethics

 

OVERVIEW

 

New Energy Technologies, Inc. (“New Energy”) has adopted a Code of Ethics that applies to all Officers, Directors, and Employees of the company and its affiliates (herein collectively referred to as, “Employee” or “Employees”).  

In so doing, this Code of Ethics demands the highest standards of business conduct required of all Employees.  

The Code is part of New Energy’s ongoing effort to comply with applicable laws and have an effective program in place to prevent and detect violations of law; this code is an effort to train and educate New Energy Employees about ethical business practices.

 

OBJECTIVE

 

A key New Energy objective is to conduct business operations in the most ethical manner possible. New Energy cares about its Employees, shareholders, clients, suppliers and the communities in which it conducts business operations. During the course of meeting its business objectives, New Energy believes that it is essential for all Employees to understand and comply with the Code of Ethics and in so doing, participate in New Energy’s way of operating its business.

 

STANDARD OF CONDUCT

 

New Energy insists that all aspects of its business operations be conducted with honesty, integrity, fairness and with respect for those affected by its business activities. Similarly, New Energy expects the same in its relationships among those with whom it does business.

All Employees are expected to maintain and promote integrity and honesty in all business transactions. Employees must conduct themselves according to the highest ethical standards and are expected to apply ethical business practices in the administrative and financial affairs of New Energy business operations. 

There is no Code of Ethics that can expect to define suitable behavior for each situation, nor should it seek to do so. As such, Employees are expected to exercise vigilance and make considered judgment of what is right and proper in any particular situation.

While carrying out the business operations of New Energy, Employees are expected to be accountable, truthful, trustworthy, conscientious, and committed to the highest standards of ethical business practices. As such, Employees are required to avoid all impropriety as well as the appearance of impropriety when conducting New Energy business operations.

 

ACCURACY AND COMPLETENESS OF ACCOUNTING RECORDS

 

New Energy’s accounting and supporting documents must accurately and completely describe and represent the nature and result of New Energy’s business operations. The results and activities of New Energy’s operations must be presented in a fair and unbiased manner.

 

1

 

 

New Energy business transactions must be appropriately authorized as well as completely and accurately recorded on the Company’s books. Proposed budgets, financial assessments, evaluations and fiscal presentations must fairly present all information relevant to the business transaction. Furthermore, at no time will the Company establish or maintain cash funds or asset accounts which are unrecorded.

Misappropriation, wrongful allocation, or improper use of the Company’s assets and property, or the false entry to records and reports by any Employee or by others must be reported to Board of New Energy.

 

ACCURATE AND TIMELY COMMUNICATION

 

New Energy expects Employees to be completely truthful and forthright in all internal and external interactions and communications, whether with shareholders, clients, government agencies, or others. 

Employees will ensure that all statements are accurate and complete with no misrepresentations which may mislead or misinform. In all cases, Employees are expected to provide full, prompt and accurate disclosure to governmental agencies.

 

MAINTAINING AND RETAINING RECORDS

 

In order to maintain the security and integrity of New Energy’s record-keeping and reporting systems, all Employees must adhere to applicable records retention procedures and fully understand how to document and transact entries that fall within their jurisdiction.

All Employees are expected to comply fully with audits and provide timely response to requests for records or other materials from or on behalf of New Energy auditors or management.

 

COMPLYING WITH THE LAW

 

New Energy Employees are expected to fully comply with both the letter and the spirit of the laws and regulations of the countries in which the Company conducts business.

New Energy Employees are expected to act in accordance with the accepted business practices in commercial markets and adhere to the contractual terms and conditions applicable to any business transaction.

All Employees must commit to abiding by all applicable laws and regulations.

The breach of rules, regulations, ethical standards, and laws cannot be justified by the pursuit of profit or the departure from acceptable practice by competitors.

 

INSIDER TRADING

 

New Energy Employees are strictly prohibited by law from buying or selling the Company’s shares or any other public security as a result of inside information.

Furthermore, it is against the law and unethical to provide such information about New Energy to other individuals or companies so that they may gain.

 

2

 

 

In accordance with the Code of Ethics, Employees are strictly prohibited from trading in shares of New Energy, clients or suppliers as a result of any inside information.

 

ENVIRONMENTAL ISSUES

 

New Energy is committed to running its business in an environmentally sound and sustainable manner. New Energy’s objective is to ensure that its business operations have the minimum adverse environmental impact commensurate with the legitimate needs of its business operations.

DISCLOSURE OF PERSONAL INTEREST

New Energy Employees are expected to fully disclose any personal interest(s) which could impinge or might reasonably be considered by others to conflict with their business dealings with industry.

New Energy Employees must not engage in personal activities and financial interests that may conflict with their responsibilities and obligations to the Company or give assistance to competitors, in conflict with the interests of New Energy or its clients.

Under all circumstances, Employees must obtain the formal consent of New Energy management if they intend to become partners, shareholders, or Directors, or participants in companies outside the New Energy corporate structure.

 

PERSONAL DISCRETION AND CONFIDENTIALITY

 

At all times, Employees are expected to respect the confidentiality of information received during the course of business dealings and must never use such information for personal benefit or gain.

Employees are expected to give information during the course of business which is truthful, complete and fair and never intended to mislead.

Employees cannot disclose New Energy trade secrets, confidential or proprietary information, or any other such information without the written, formal authorization of management. Such information may not be disclosed as a means of making profit, gains or benefits.

At no time can Employees use Internet bulletin boards, chat rooms, messaging services, or other electronic systems to discuss issues, affairs, or opinions related to New Energy or any of its industries, or to respond to comments about the Company. New Energy considers electronic postings to be the same as “speaking to the media”.

 

FAIR COMPETITION

 

New Energy is committed to vigorous yet fair competition and supports the development of appropriate competition laws. Each Employee must avoid any business arrangement that might prevent the effective operation of fair competition.

 

COMPLIANCE WITH THE COMPANY’S CODE OF ETHICS

 

New Energy’s Board of Directors is responsible for ensuring that the standards outlined in the Code of Ethics are fully communicated to all Employees and are similarly understood and 

 

3

 

 

adhered
to.

Should the Company experience loss of business as a result of
adhering to the Code of Ethics, the Board of Directors will not criticize,
condemn or complain.

Likewise, should a real or suspected breach of the
Company’s Code of Ethics be brought to the attention of the Company, the Board
of Directors will ensure that the reporting Employee does not suffer as a
consequence of doing so.

The Company’s Code of Ethics are reflective of
New Energy’s ethical standards and expectations. Accordingly, Employees are
expected to fulfill the Company’s ethical commitments in a way that is clearly
visible to all those with whom New Energy conducts its business.

At all
times, Employees are expected to fully comply with the standards established in
the Code of Ethics and ensure that their personal conduct is always above
reproach.

New Energy expects each Employee to ensure that the conduct of
others around him or her is in compliance with the Code of Ethics and that any
breach of the same is duly reported to management.

All breaches of the
law or violations of regulations and the standards of conduct listed in this
Code of Ethics may lead to serious consequences for the Employee concerned; New
Energy Employees have a legal, moral, and ethical duty to report any such real
or suspected violation to the Board of Directors and regulatory
authorities.

 

“CODE OF ETHICS” ENFORCEMENT

 

New Energy Employees understand and acknowledge that a
breach of the Code of Ethics can result in severe disciplinary action, including
but not necessarily limited to termination.

The Company’s Code of Ethics
will be fairly enforced at all levels, without prejudice.

 

ANNUAL ACKNOWLEDGEMENT

 

Each Employee will be required to sign a statement
annually that he or she has read and understands New Energy’s Code of Ethics.
This statement will also require that the Employee state that he or she is in
full compliance with the Code.

 

EMPLOYEE CERTIFICATION AND
ACKNOWLEDGEMENT

 

I acknowledge and certify that I have read and understood
the information set forth in the Code of Ethics of New Energy Technologies, Inc.
and will comply with these principles in my daily work activities. I am not
aware of any violation of the standards of New Energy’s Code of
Ethics.

Date:___________________________________
Name
(print):___________________________________
Position:___________________________________
Address:___________________________________
Signature:___________________________________

 

4survenex41.htm

Exhibit 4.1

 

SUBSCRIPTION AGREEMENT

Sur Ventures, Inc.

500 Newport Center Drive, Suite 800

Newport Beach, CA 92660

The undersigned has received the prospectus dated __________, 2010 (“Prospectus”), and hereby subscribes for _____________ shares of $.001 par value common stock of Sur Ventures, Inc., a Nevada corporation (“Company”), for a subscription price of $0.12 per share (“Offered Shares”).  The undersigned hereby agrees that this subscription shall be irrevocable and shall survive the death or disability of the undersigned.  Payment of the purchase price for the Offered Shares is due upon subscription.

The undersigned acknowledges that (i) the Company has the right to accept or reject this subscription in whole or in part, (ii) this subscription shall be deemed to be accepted by the Company only when the Company signs this Subscription Agreement; and (iii) the undersigned has relied only on that information specified in the Prospectus.

Number of Offered Shares: _________________.  Subscription Amount: ___________ (number of Offered Shares multiplied by $0.12)

Make check payable to:                                           “Sur Ventures, Inc.”

Please print name(s) or title, residence address, and SSN or Tax ID for which the Offered Shares are to be registered.  Please notify the Company in writing if your address changes before you either receive your shares or are notified that your subscription has not been accepted.

 

 

Name

 

Street 
 

City                                                                State                                                                Zip Code

 

SSN or Tax ID No. (For joint ownership, both parties must provide a Social Security Number or similar tax  identification)

Indicate type of ownership:

 

oIndividual Ownership                                                        oJoint Tenants with Right of Survivorship

oCommunity Property                                                          oTenants in Common

oTenants by the Entirety                                                    oCorporate Ownership

oPartnership Ownership                                                     oCustodian for a Minor

oTrust (see below)                                                               oIRA or Pension Plan

oDate Trust Established:                                           

oName of Trustee or other Administrator

  

1

  

Each subscriber represents that:

	
(a)  

	
The information contained herein is complete and accurate and may be relied upon, and

	
(b)  

	
The undersigned will notify the Company immediately of any material change in any such information occurring prior to the acceptance of the undersigned’s subscription, including any changes in address or other contact information.

IN WITNESS WHEREOF, the undersigned has executed this Subscription Agreement as of this ______ day of ____________ 2010.

FOR INDIVIDUALS:

 Print Name

 Signature

NAME AND SIGNATURE OF JOINT TENANT OR TENANT IN COMMON

 Print Name

 Signature

FOR TRUSTS, CORPORATIONS, PARTNERSHIPS

 Print Name of Entity

By:         ___________________________________________________________________________________________________________________________________________________________________________  

Print name and capacity (Trustee, President or General Partner) of person making investment decision

 Signature

Agreed to and accepted:

By:          Sur Ventures, Inc.,

a Nevada corporation

By:          ___________________________________ 

Linda Fischer

Its:           President

 

 

 

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]