These are agreement templates for the Founder Institute in the United Kingdom.
PLEASE NOTE: The agreements are currently being localized for the United Kingdom and will be completed over the next few weeks. Do not sign these agreements, which are from the United States. When the agreements for the United Kingdom are ready, they will represent the concepts below.
The following 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."
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.
The following document has the Board of Directors authorize the company to issue the Warrant required by the Founder Agreement.