The Founder Agreement
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."
Learn about joining the Bonus Pool.
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.
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.
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.