Founder Preferred Stock Registration Rights Vesting 
The Startup Lawyer
MARCH 1, 2010
The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., the CEO) elected by the common via fiat in the Investors Rights Agreement. (2) 2) Series Seed Stock Preferred Stock Purchase Agreement.
The Startup Lawyer
MARCH 1, 2010
The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., the CEO) elected by the common via fiat in the Investors Rights Agreement. (2) 2) Series Seed Stock Preferred Stock Purchase Agreement.
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