31 lines
1.2 KiB
Markdown
31 lines
1.2 KiB
Markdown
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# Grant Of Profit Interests To Members (capitalization table)
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The Company desires to issue a percentage of the Company profits
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designated as “Profits Interest Units” to the Member in connection with
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Members performance of services for the benefit of the Company.
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The parties intend that the Profits Interest Units issued pursuant to this Agreement constitute “profits interests,” as described in Section 4.01 of Rev. Proc. 93-27, 1993-2 C.B. 343, as clarified by Rev. Proc. 2001-43, 2001-34 I.R.B. 191, issued by the Internal Revenue Service.
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The Company will revalue its assets as of the Effective Date in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(f)(5)(iii) and the Capital Accounts of the Members of the Company will be adjusted to reflect such revaluation.
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In consideration of Members providing services for the benefit of the Company, the Company hereby issues to Members the percentage interests below:
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*
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*
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*
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The above three interests are fully vested.
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* Reserved for future members pre SEAL capital raise :
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* Reserved for SEAL raise :
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The above two interests are subject to negoiation in regards to vesting.
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(above is conitional and not refelcting current cap table, will be changed before sending for signig)
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