Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). To differentiate it from typical “Series A&# preferred stock, which comes with certain expectations with regard to rights. Future rights.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

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.

Preferred Stock 79

Preferred Stock Term Sheet Redemption Registration Rights 79

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.

Preferred Stock 40

Preferred Stock Term Sheet Redemption Registration Rights 40