The Founder Agreement v2
The following document is the Founder Agreement. The Founder Agreement provides various protections and benefits, including participation in shared equity upside from their peers, called a "Bonus Pool." Founders must sign Page 9 to enroll in the program. If a Founder has an existing company when entering the program, the Founder must also sign on Page 10 when enrolling, or, when a Founder creates a company in the program, the Founder must sign and upload Page 10.
Learn about joining the Bonus Pool.
Indian Corporate Conversion Agreement
Private Limited Partnerships and other kinds of companies in India do not issue Options or Warrants for an extended period of time after incorporation due to expensive reporting requirements. The Founder will sign a special Indian Corporate Conversion Agreement that commits the company to the economic terms of the Option or Warrant without having to issue actual Options or Warrants, allowing the Founder to join the Bonus Pool and graduate from the Founder Institute. The company can issue an Option or Warrant to join the Bonus Pool at a future date, which will invalidate this Agreement.
NOTE: The Form of the Warrant and the Form of the Board Consent are currently being adapted to local corporate law. These agreements are not required for incorporation.
Form of the Warrant
The following document is the Form of a Warrant in the United States that you will need to issue for your company to join the Bonus Pool and graduate from the Founder Institute. It has NOT yet been adapted to local corporate law. The majority of the Warrant value held by the Institute is for the benefit of Semester participants. The Warrant also provides Founders with protections against undesired terminations.
Form of Board Consent
The following document is the Form of Board Consent in the United States that is required for you company to issue the Warrant above. It has NOT yet been adapted to local corporate law.