Procurement platform with an external agreement with Graham’s company.
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
Graham WIlkinson // 0000, Lakeside North Harbour, Western Rd, Cosham, Portsmouth PO6 3EZ, UK // Graham is focused on developing client relations with support from his EPE.
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.
Tue Apr 19 2022 // Not so much progress. // Graham is still MIA // $0
Sat Apr 16 2022 // Jeremy Colon is now EPE. // undefined // $undefined