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Belgian Agreements

The Founder Agreement

The page includes the Founder Agreement and the referenced exhibits. Each enrolling Founder must sign just the Founder Agreement in order to participate in the Semester. These documents provide Founders with various program benefits, including participation in the "Bonus Pool."

Learn about joining the Bonus Pool.

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The Form of the Warrant

The following document is the Warrant in companies formed Founders during the Semester. 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.  Only NV/SA companies are able to issue Warrants, so BVBA/SPRL Founders will sign an MOU to agree to sign this Form of Warrant once the company converts to an NV/SA.

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The Form of Board Consent

The following document has the Board of Directors authorize the company to issue the Warrant required by the Founder Agreement.  Only NV/SA companies have a Board of Directors, so BVBA/SPRL Founders will sign an MOU to agree to sign this Form of Board Consent once the company converts to an NV/SA.

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The Form of EGSM (Exhibit C)

The following document is Exhibit C to the Founder Agreement.  Only NV/SA companies can issue Warrants, so only NV/SAs would hold an EGSM to vote to issue Warrants.  BVBA/SPRL Founders will sign an MOU to agree to sign this Form of EGSM once the company converts to an NV/SA.

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Corporate Conversion Agreement for BVBA/SPRL Companies (Exhibit D)

Since BVBA/SPRL companies do not have the ability to issue Warrants, the Founder of a BVBA/SPRL will sign this Conversion Agreement pledging that once the company converts to an NV/SA, it will issue the Warrants as per the Founder Agreement. This document does not apply to NV/SA companies.

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