- Startup Ideation Bootcamp
2014-08-05, 05:30 PM
NOTE: The Corporate Conversion Agreeement, Form of the Option, the Form of the Board Consent are currently being adapted to local corporate law.
The following document is the Founder Agreement, signed by all enrolling Founders. Any referenced exhibits or related documents can be seen by scrolling below on this page. 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" derived from the Option proceeds.
Learn about joining the Bonus Pool.
Below is a translated version of the Founder Agreement into Portuguese for reference. Do not sign this.
Founders will incorporate a Sociedade limitada, which does not have the ability to easily issue Options. As a result, the Sociedade limitada companies will sign the following Corporate Conversion Agreement. This Agreement has all of the terms of the standard Option Agreement and requires that the Sociedade limitada issues an option when it converts to Sociedade anônima upon growth or a financing. It has NOT yet been adapted to local corporate law.
The following document is the Form of a Option in the United States that you will need to issue for your company to join the Bonus Pool and graduate from the Founder Institute. The majority of the Option value held by the Institute is for the benefit of Semester participants. The Option also provides Founders with protections against undesired terminations. It has NOT yet been adapted to local corporate law.
The following document is the Form of Board Consent in the United States that is required for you company to issue the Option above. It has NOT yet been adapted to local corporate law.