16.4. Successor and plenipotentiary. The rights and benefits of the company under this agreement are transferable to one or more persons or entities, and all imerts and agreements concluded in this framework will benefit the successors and beneficiaries of the transfer of the company and will be enforceable. The rights and obligations of the founder of this contract can only be transferred with the prior written consent of the company, and any presumed assignment is null and void. Despite high-level examples, supervoting action is actually relatively rare. Most investors will oppose it. It usually takes a compelling idea and a compelling foundation team to convince investors to participate. First of all, this can be part of the bargain between several founders. When a founder decides to leave the company for an early part of the business or is asked to leave the company, the vesting restriction protects the other founders from the problem of “parasite” that would otherwise exist. While some founding teams stay together from start to finish, it is quite common for one or more founders to leave the company in its early years. Unrestricted, the late founder gets a “free journey” on the efforts of those who remain to build the business. The right of co-sale is less widespread than the right to pre-buy in agreements between founders, but it is generally required by investors.
1. Warehouse sales. The company agrees to sell to the founder and the founder agrees to acquire a sum of shares [of the founding shares] of the company (the “shares”) at a purchase price of USD 0.000001 per share. The purchase price is paid exclusively in cash. If a particular payment method involves a transaction or service fee, the founder making the payment should send enough funds to ensure that the company receives the full purchase price of the shares after the fee has been deducted. 9. Stand-off agreement on the market. The founder agrees: without the prior written consent of these managing insurers, the founder does not propose an option to buy, sell or sell, sell, sell, transfer, transfer of interests or definitive economic interests to the company, or a distribution of shares of the company held by or since, on behalf of the founder or the economic property of the founder. , for up to 180 days after the Commission`s final date prospectus relating to the company`s IPO (or a longer period that may be necessary to accommodate neratonic regulatory restrictions for (i) the publication or other dissemination of research reports and (ii) analyst recommendations and opinions, including , but not limited to the restrictions contained in Rule 2711 (f) (4) of the finra or in Rule 472 (f) (4) of the NYSE (or, if applicable, the rules of succession or changes made to them) (the “Lock Up Period”); however, unless this Section 9 authorizes the exercise of the buyback option. prevented during the lockout period.
16.2. Full agreement. This agreement defines the entire agreement between the parties regarding the purchase of common shares by the founder and brings together all prior discussions between them. 4.3.1. To the extent that the purchaser is not a person in the United States, as this clause is defined in Rule 902, established pursuant to the Securities Act (a “S-K-ufer regulation”), which, by the execution of that agreement by the purchaser, certifies to the purchaser that the shares are acquired for investments for such a scheme, not as an agent or nominee. , and not with respect to the resale or distribution of a portion of it in the United States or to a U.S.-based state, and that settlement S buyer has no current intention of selling a stake to or other.
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