Founder's Agreement Explanation Cheat Sheet
This document provides a high level overview of the Founder's Agreement you will be asked to sign as part of this class.
You should use this document as a "cheat sheet" to help you better understand the provisions of the Founder's
Agreement that are confusing to you. That said, this document DOES NOT and SHOULD NOT serve as a substitute for
actually reading the entire Founder's Agreement and asking questions about parts that confuse you.
If there is a part of the Agreement that you do not understand, you would like further clarification about, or believe is
unfair, you should ASK FOR CLARIFICATION BEFORE SIGNING THE DOCUMENT.
ONCE THE FOUNDER'S AGREEMENT IS SIGNED - IT IS A LEGALLY BINDING AGREEMENT ENFORCEABLE IN
Table of Contents
Article 1 - Grant of Shares Page 2
Article 2 - Securities Laws Page 3
Article 3 - Special Tax Provisions Page 4
Article 4 - Vesting - Page
Article 5 - Recapitalization Page 6
Article 6 - Escrow - Page