Widget King

Project Description:

We make wix widgets and upsell them!!

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Capital contribution of each founder:

The founders agree to split all costs equally with AR/Cash as required for the development and maintenance of the platform and protection of company resources from the time of this agreement.  No founder is required to make an initial capital contribution.

 

Percentage of shares to be held by each founder: 

The founders agree to an equal split of any shares, units, or other methods of ownership assignment.

 

Remuneration of Founders:

The founders agree to no remuneration until after a series A round of funding, acquisition, or until this agreement is replaced via incorporation.



 

Role of each founder: 

Ideatrek will be responsible for all institutional backend, operational, and reporting responsibilities

Lorraine villaroel // Shaddock Circle, Santa Rosa Heights, Arima, 301310, Trinidad and Tobago // Lorraine will handle sourcing new clients, looking for upsell opportunities and suggest new module builds to the dev team based on client requests.

Whether the founders are restricted from competing with the business of the company after they exit: 

The founders may work on other businesses during the life of the company until otherwise required by future agreements.  However, the founders are not allowed to share company secrets, technology, or intellectual property with other ventures unless permitted by the other founders in writing.

 

How the company’s confidential information and intellectual property will be protected:

No founder shall share, sell or otherwise disseminate any information regarding company  business with any outside party for the life of the company until a future agreement is reached.

Revenues

Paid on Sun May 29 2022 for $1500

Paid on Sat Apr 23 2022 for $500

Progress Reports

Fri Aug 12 2022 // Respoonded to inbound request. Wasn't able to get response.

Prompted thought of setting up other channels for leads. // // $

Sun Jul 17 2022 // Lorraine and Adrian met to discuss progress so far. Lorraine expecting first client work to be finished imminently (week or so). Will start to advertise on Upwork. // // $

Fri Jul 08 2022 // // // $0

Fri Jul 08 2022 // No specific updates, need to put notices on a few marketplaces for Wix work. // // $

Fri Jun 24 2022 // Created Hoove pool // // $

Sun Jun 19 2022 // Creating Hoove pool today. Need to spend time with Roger to understand revenue streams // // $

Tue Jun 14 2022 // Adrian obleton is now EPE. // undefined // $undefined

Sat May 14 2022 // Lorraine villaroel is now EPE. // undefined // $undefined

Sun May 08 2022 // We closed out first deal and have some cash coming in!! Huzzah!! // Lorraine is awesome and pushed this first deal though. Way to go Laurraine!! // $1500

Sat Apr 23 2022 // New Project wahoo!! We have our first deal coming through Monday fro $1500. Then a bunch of follow up projects for the same widget upsell. HUZZAH!!! // Hell yeah Lorraine is awesome. Let's keep it going // $1500

Sat Apr 23 2022 // Roger B Hunt III is now EPE. // undefined // $undefined

Approved!
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