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1
Founder 1
2
Founder 2
3
Founder 2
4
Founder 2
5
Founder 2
6
Founder 2
7
Founder 2
8
The Company
9
Field of operation
10
Board of Directors
11
Review without input
12
Quorums; Meetings
13
Material Undertakings
14
Representations & Initial Corporate Documents
15
Repurchase Agreement
16
Participation Right
17
Right of First Refusal
18
Co-Sale
19
Bring Along
20
Conditions to Transfer
21
Amendments
22
Superiority
23
Laws and Jurisdiction
24
Notices
25
Finalize

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Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

Please complete the information below.

PLEASE SELECT BEFORE CONTINUING:
Will this founder take an active role in the company?

Yes

Please state the role of this Founder:"Until otherwise resolved by the Board, shall serve as ______________ of the Company."

Name and Surname, Email Address, Ownership, and Founder's Role (if applicable) must be filled to validate SFTS.

Add another FOUNDER

or continue to NEXT STEP

SECTION:

The Company

What is the proposed name of the Company?

A Company’s name has to be approved by the local registrar of Companies. The SFTS allows the founders to define one default name and elect to determine the period until incorporation.

*Jurisdiction In which jurisdiction you intend to incorporate the Company?

Incorporation’s Jurisdiction affects the laws and regulations that will apply to the Company and its relationship with its shareholders (and also between the shareholders).
Other jurisdictions in which the Company operates may also apply, but mainly with respect to issues that relate to employment, privacy, and other day-to-day matters. SFTS part titled “Jurisdiction” deals with this issue.

Within how many days do you intend to incorporate?

*Check here if you would like to remove this paragraph ("incorporation ETA"):

Keep

Remove

SECTION:

Field of Activity

In what field of activity will the Company operate?

What is the non-compete period (number of months) which the founders are subject to (following the date they disposed of all of their securities):

The field of activity of the Company is important for 2 main reasons – first, should the founders elect to use the non-compete language included under the SFTS, the non-compete provision should be limited by the scope of the Company’s field of activity; second, the field of activity can be used to define better and regulate issues like intellectual property assignment.

SECTION:

Board of Directors

What would be the qualifying holding percentage a shareholder would need in order to appoint a director?

The SFTS language allows each shareholder or a group of shareholders holding together a certain percentage of the Company’s share capital to meet the required threshold of appointing members of the Company’s board of directors. Founders’ agreement tends to provide for “named rights,” granting specific founders the right to appoint board members.
The “named rights” approach is less flexible and, although applicable in many cases, should be carefully considered. This section deals with this issue. Additional information regarding the termination of a board member tenure can be found under the SAFT part titled “Termination of Tenure.”

REVIEW SECTIONS
(no input necessary)

REVIEW SECTIONS
(no input necessary)

SECTION:

Material Undertakings

If there is an amount of financing the founders expect to raise, as a condition for becoming fully engaged with the Company, please indicate in this field (or otherwise check “remove” below):

*Check here if you would like to remove the sentence "become fully engaged..."

Keep

Remove

REVIEW SECTION
(no input necessary)

OPTIONAL SECTION:

Repurchase Agreement

What would be the shares vesting period (number of years)?Please enter the desired number to replace "4"

EDIT "at the end of each 30-day period from the date above"Please enter the desired number to replace "30"

*Check here if you would like to remove the Repurchase Agreement Section in its entirety:

Keep

Remove

The SFTS includes minimized repurchase right for the Company if a founder fails to meet his/her obligations. The repurchase right allows the Company to “take away” (repurchase) a breaching founder’s unvested equity. SFTS part titled “Repurchase Agreement” deals with this issue. It would be recommended for founders to enter into full repurchase agreements, including instruments to exercise the repurchase right.

OPTIONAL SECTION:

Participation Right (preemption)

*Check here if you would like to remove PARTICIPATION RIGHT Section in its entirety:

Keep

Remove

The SFTS includes standard participation rights, allowing each shareholder to participate in future equity allocations. SFTS part titled “Participation Right (preemption)” deals with this issue.

OPTIONAL SECTION:

Right of First Refusal

Please choose the number of days until the Company’s right of first refusal lapses:(Common value is "14")

*OR Check here if you would like to remove RIGHT OF FIRST REFUSAL section in its entirety:

Keep

Remove

OPTIONAL SECTION:

Co-Sale

*OR Check here if you would like to remove CO-SALE section in its entirety:

Keep

Remove

OPTIONAL SECTION:

Bring Along

The “bring along” (could also be referred to as “drag along”) provision allows a certain majority to impose the sale of all of the Company’s shares to an acquirer). Please change to the majority you wish to impose:Please enter the desired number to replace "80"

*OR Check here if you would like to remove BRING ALONG section in its entirety:

Keep

Remove

REVIEW SECTIONS
(no input necessary)

OPTIONAL SECTION:

Amendments

Please indicate what is the required vote for this SFTS to be amended.
If you wish to allow an optional complete termination of this SFTS in the event of a financing round,
please determine the amount of financing that would trigger this option.

EDIT "holding more than 50% of the shares of the Company"Please enter the desired number to replace "50"

EDIT "in the framework of which the Company raises at least US$_________. "Please enter the desired number to replace "____"

*Check here if you would like to remove the above sentence from this section:

Keep

Remove

REVIEW SECTION
(no input necessary)

SECTION:

Laws and Jurisdiction

Please select:
(1) The state’s rules that govern this SFTS:

(2) the City and State in which a legal proceedings will be held, in case of conflict between the founders.

REVIEW SECTIONS
(no input necessary)

I have read and understood the terms and conditions.

The data you provide will be only be used to create PDF SFTS file.
Click here to view our terms of use.

SECTION:

The Company

SECTION:

Field of Activity

SECTION:

Board of Directors

SECTION:

Material Undertakings

Co-Sale

Amendments

SECTION:

Laws and Jurisdiction

Please select: (1) The state’s rules that govern this SFTS:

(2) the City and State in which a legal proceedings will be held, in case of conflict between the founders.

At your Service:

General Disclaimer

Please select:
(1) The state’s rules that govern this SFTS: