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Polish Agreements

 

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.

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Form of the Option Agreement

The following document is the Form of a Option for Poland 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.

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Form of Articles of Association

This is an example of the Articles of Association that support the issuance of the Founder Institute Option above. Most law firms will have their own template, but this one can be used by Founders as well.

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Corporate Conversion Agreement

Since certain companies in Poland do not have the ability to issue Options, the Polish Founders will sign this Conversion Agreement pledging that once the company converts to a stockholder corporation, the stockholder company will issue the Options as per the Founder Agreement. The Conversion Agreement also contains standard economic terms of the Bonus Pool in case there is a liquidity event in advance of a conversion.

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