[{"id":"e803dc9e-48af-4e37-a0be-f69e7acb610b","order":1,"text":"FOUNDERS' AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9de75837-e457-4af0-9a41-03addc42d516","order":2,"text":"(Constituted under the laws of the Republic of Singapore)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"764f0d6e-39d4-4d84-8f2e-b20ce4e85e68","order":3,"text":"THIS FOUNDERS' AGREEMENT (this "Agreement") is made on [Date of this Agreement].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"03343d09-726b-4f0c-93f2-880cd300c46d","order":4,"text":"BETWEEN:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fdb1ba70-f7fa-4a1b-bb49-b72df19e211c","order":5,"text":"(a) [Full name of Founder 1], (NRIC/FIN/Passport No. [Identification number]), residing at [Residential address of Founder 1] (hereinafter referred to as the "[Short name of Founder 1]");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"455867e5-d362-4193-b0b1-adf15d5fc17b","order":6,"text":"(b) [Full name of Founder 2], (NRIC/FIN/Passport No. [Identification number]), residing at [Residential address of Founder 2] (hereinafter referred to as the "[Short name of Founder 2]");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"71ca482b-0155-4a67-89b1-c73a1ad780fc","order":7,"text":"(c) [Full name of Founder 3], (NRIC/FIN/Passport No. [Identification number]), residing at [Residential address of Founder 3] (hereinafter referred to as the "[Short name of Founder 3]");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"54f0bb45-2cff-4805-88bb-970b6ff267e4","order":8,"text":"(each a "Founder" and together the "Founders" or the "Parties").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"ab79792d-4c76-462b-a555-204862c89515","order":9,"text":"WHEREAS:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5e71ddbe-b788-463a-af9c-461f9b50412f","order":10,"text":"(A) The Founders have established, or intend to establish, a business concerning [Description of the business / venture] (the "Business").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"eec4a548-2427-4ef0-9113-77ea2b99dcae","order":11,"text":"(B) The Founders have incorporated a private company limited by shares under the Companies Act 1967 of Singapore known as [Name of the Company] (UEN [UEN / Company registration number]) (the "Company"), through which the Business is or will be carried on.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"288ac220-530e-455e-ac91-3ec14dae2dfb","value":"incorporated","type":"add","operator":"="}]},{"id":"a2f62074-6099-4c06-ae38-b6c359d7f45d","order":12,"text":"(B) The Founders intend to incorporate a private company limited by shares under the Companies Act 1967 of Singapore, to be known as [Proposed name of the Company] (the "Company"), through which the Business is or will be carried on.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"288ac220-530e-455e-ac91-3ec14dae2dfb","value":"tobe","type":"add","operator":"="}]},{"id":"8c279101-5e46-4714-9e77-c41b3d29a465","order":13,"text":"(C) The Founders wish to record the terms governing their relationship as founders, including the allocation of equity, their respective roles and contributions, the vesting of their shareholdings, the ownership of intellectual property, and the terms governing their departure from the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"d1ad4237-1246-432e-8aa6-f6585cda6574","order":14,"text":"NOW IT IS HEREBY AGREED as follows:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"16b0d969-beb4-4cc1-b7cb-2fd7cddb28d7","order":15,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S01"},{"id":"5eddc488-bea9-433b-9b25-b3e744c84a68","order":16,"text":"In this Agreement, unless the context otherwise requires, the following expressions shall have the following meanings:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cc48e3eb-d31c-488e-b060-7e193fb59f57","order":17,"text":""Act" means the Companies Act 1967 of Singapore, as amended from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"b4eae78f-171b-47fe-8a77-bb4c8148dcb5","order":18,"text":""Affiliate" means, in relation to any person, any other person that directly or indirectly Controls, is Controlled by, or is under common Control with, that person;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"43542e99-60e1-4696-aaf5-cfef8d823dd8","order":19,"text":""Board" means the board of directors of the Company from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"2a9bb9c9-3044-48a5-9689-0b99013cf2f6","order":20,"text":""Business Day" means a day (other than a Saturday, Sunday or public holiday) on which commercial banks are open for business in Singapore;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"13df2b4e-893a-4641-b7f8-3a2e584e65bb","order":21,"text":""Cause" means, in relation to a Founder: (a) any material breach by that Founder of this Agreement, the Constitution or any service or employment agreement with the Company which (if capable of remedy) is not remedied within fourteen (14) days of written notice; (b) any act of fraud, dishonesty, wilful misconduct or gross negligence by that Founder in relation to the Company or the Business; (c) the conviction of that Founder for any criminal offence (other than a minor road traffic offence not resulting in a custodial sentence); or (d) any conduct by that Founder which brings, or is reasonably likely to bring, the Company or the Business into material disrepute;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"8e649687-289b-4ac6-aa9d-f61742cce3f0","order":22,"text":""Cessation Date" means, in relation to a Founder, the date on which such Founder ceases to be engaged in the Business, whether as an employee, director, consultant or otherwise;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"56ce205e-4e2b-4fa8-a989-5623a1155809","order":23,"text":""Change of Control" means the acquisition by any person, or persons acting in concert, of Control of the Company which that person or those persons did not have on the date of this Agreement;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"ed1b21c7-b3a2-4566-8fe9-e6027e09123c","order":24,"text":""Connected Person" means, in relation to a Founder, that Founder's spouse, civil partner, parent, child or sibling, and any trust, company or other entity Controlled by that Founder or any of them;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"3deb1f9e-2582-4ee0-8bad-88c0bb4734af","order":25,"text":""Constitution" means the constitution of the Company, as amended from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"10b070d6-9473-4a1e-a4e8-d3f133bfbcb9","order":26,"text":""Control" means, in relation to a person, the power of another person (whether directly or indirectly and whether by ownership of share capital, possession of voting rights, contract or otherwise) to direct or cause the direction of the management and policies of that first person, including the holding of more than 50% of the voting rights in that person; and "Controls", "Controlled" and "under common Control" shall be construed accordingly;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"f16d92ed-d3d3-41a8-9dba-84ad26e9bdb6","order":27,"text":""Encumbrance" means any mortgage, charge, pledge, lien, option, right of pre-emption, right to acquire, assignment by way of security, trust arrangement for the purpose of providing security, or other security interest of any kind, and any agreement to create any of the foregoing;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"13d0bb10-370a-4618-bf4e-e74f61f3f710","order":28,"text":""Equity Securities" means any shares in the capital of the Company and any options, warrants or other securities convertible into or exchangeable for such shares;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4e2b4875-d4c4-4f46-b563-692f8303d896","order":29,"text":""Fair Market Value" means, in relation to any Founder Shares, their value as determined in accordance with the Clause entitled "Leaver Provisions", being the price that a willing seller and a willing buyer would agree at arm's length, disregarding whether the shares represent a minority or a majority holding;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"83c9c71b-c512-496b-a3b6-b5e5ebc5cd04","order":30,"text":""Founder Shares" means, in relation to a Founder, all shares in the capital of the Company held by that Founder from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"aa009296-9b20-4fd6-bb7f-236d98379a44","order":31,"text":""Good Reason" means, in relation to a Founder, the occurrence, without that Founder's written consent, of any of the following: (a) a material diminution in that Founder's role, duties or responsibilities; (b) a material reduction in that Founder's remuneration (where remuneration has been agreed); or (c) a relocation of that Founder's principal place of work by more than fifty (50) kilometres, in each case which is not remedied within thirty (30) days of written notice by that Founder to the Company;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"1545dcc7-016d-4783-b013-5ea0f5c9a2c0","order":32,"text":""Intellectual Property" means all intellectual property rights of any kind whatsoever, whether registered or unregistered, including patents, trademarks, service marks, trade names, domain names, designs, copyrights, database rights, rights in know-how, trade secrets and all applications for and rights to apply for any of the foregoing, anywhere in the world;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"5851c5b7-cf95-4a9a-9794-49c9811378a0","order":33,"text":""PDPA" means the Personal Data Protection Act 2012 of Singapore, as amended from time to time, and any subsidiary legislation made under it;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"6a698707-2d65-4bf7-b23e-15dbee09ac0e","order":34,"text":""Shareholders" means the holders of shares in the capital of the Company from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c85e28e5-028e-4243-a5b6-4fedbd0dfca0","order":35,"text":""S$" means Singapore dollars, the lawful currency of the Republic of Singapore.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"056d44df-9c3c-47b9-9d93-1e38d8e35418","order":36,"text":"The headings in this Agreement are for convenience only and shall not affect its interpretation. Words importing the singular include the plural and vice versa, and words importing a gender include every gender. A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time. A reference to a Clause is to a clause of this Agreement, and a reference to a person includes a natural person, body corporate, unincorporated association and any governmental authority. The words "including", "includes" and "in particular" shall be construed as being by way of illustration only and shall not limit the generality of any preceding words.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b146b332-e369-4d88-abef-57f903092c5a","order":37,"text":"2. THE COMPANY AND THE BUSINESS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S02"},{"id":"a57712e1-4280-4fa2-9452-e040ec0fe434","order":38,"text":"The Founders shall procure that the Business is carried on by and through the Company and shall use their respective reasonable endeavours to promote and develop the Business to the best advantage of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3138f370-66c9-42e6-a2f8-31b0229718a5","order":39,"text":"The registered office of the Company shall be at such address in Singapore as the Founders may agree from time to time. The financial year end of the Company shall be [Financial year end, e.g. 31 December], unless otherwise determined by the Board.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"33b30665-169a-4510-a5c7-3519be78fa90","order":40,"text":"Each Founder undertakes to act in good faith towards each other Founder and the Company in all matters relating to this Agreement and the Business, and to act in the best interests of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"99696bdf-7ed2-4caf-bd3d-5f72f2e0eb81","order":41,"text":"3. EQUITY AND SHARE ALLOCATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S03"},{"id":"f12b149c-b689-4f17-8038-738adc7b2238","order":42,"text":"The issued share capital of the Company shall, subject to any future issue of Equity Securities, be held by the Founders in the following proportions:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"12ceb5fc-1ab0-4dab-a254-bcba125d757c","order":43,"text":"(a) [Short name of Founder 1]: [Founder 1 equity %]% ([Founder 1 number of shares] ordinary shares);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"1d03453b-59da-4233-b4d9-e23a7eae1a32","order":44,"text":"(b) [Short name of Founder 2]: [Founder 2 equity %]% ([Founder 2 number of shares] ordinary shares);","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c022b753-767f-4d83-bb76-e057479d3e05","order":45,"text":"(c) [Short name of Founder 3]: [Founder 3 equity %]% ([Founder 3 number of shares] ordinary shares).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"accacd65-58a9-42a3-ab5c-9e885e173295","order":46,"text":"All Founder Shares shall be ordinary shares ranking pari passu in all respects, save as may be otherwise provided in the Constitution or any subsequent shareholders' agreement. The Founders acknowledge that the above allocation reflects their respective past and anticipated contributions to the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"41095a68-25d7-4a9d-a434-5ef81a1c0736","order":47,"text":"No Founder shall be entitled to any salary, fee or other remuneration in respect of services rendered to the Company except as expressly approved by the Board.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8b5e66fd-034b-499d-b110-a7525ff5549c","order":48,"text":"4. ROLES, RESPONSIBILITIES AND TIME COMMITMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S04"},{"id":"1d633d24-165f-4d95-99a6-63d7297f4eb6","order":49,"text":"The Founders shall hold the following initial roles within the Company, and shall devote the time commitment indicated to the affairs of the Business:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"088e4f22-a619-465a-9cce-c3d7e19d959a","order":50,"text":"(a) [Short name of Founder 1] shall serve as [Role / title of Founder 1, e.g. Chief Executive Officer], and shall devote [Time commitment, e.g. full time] to the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"44b7ece7-c82f-4820-ae25-166ca14d2f1b","order":51,"text":"(b) [Short name of Founder 2] shall serve as [Role / title of Founder 2, e.g. Chief Technology Officer], and shall devote [Time commitment, e.g. full time] to the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"1b8d0a9e-bfd3-44e7-aa7d-f29e52ee69c4","order":52,"text":"(c) [Short name of Founder 3] shall serve as [Role / title of Founder 3], and shall devote [Time commitment of Founder 3] to the Business;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"64a4e3b4-a86b-4123-b309-aa243ee2edbd","order":53,"text":"Each Founder shall, for so long as they are engaged in the Business, faithfully and diligently perform the duties associated with their role, comply with all lawful and reasonable directions of the Board, and shall not engage in any other business or activity that competes or conflicts with the Business without the prior written consent of the other Founders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"86cee84e-7411-4d22-95cb-216ccce3bcbc","order":54,"text":"Any material change to a Founder's role, responsibilities or time commitment shall require the prior written consent of all the Founders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7f0650e8-8343-43cd-bfad-8cddd6982389","order":55,"text":"5. CAPITAL CONTRIBUTIONS AND FUNDING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S05"},{"id":"7a4eb869-66db-43c7-b7a3-ff83f1ee0252","order":56,"text":"Each Founder has contributed, or shall contribute, capital to the Company in cash or in kind as set out below:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bd88a270-ed16-4c84-b80d-2cd0771220be","order":57,"text":"(a) [Short name of Founder 1]: [Capital contribution of Founder 1];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"75926063-d520-4896-bf4f-8a75151e5d4d","order":58,"text":"(b) [Short name of Founder 2]: [Capital contribution of Founder 2];","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"d88f11e3-9fa4-4c6b-8c15-c0bfb16deb19","order":59,"text":"(c) [Short name of Founder 3]: [Capital contribution of Founder 3].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"3f0f6deb-d2a7-4923-96b2-d35e1e33a461","order":60,"text":"No Founder shall be obliged to provide any further funding to the Company by way of subscription, loan, guarantee or otherwise unless agreed in writing by that Founder. Any further funding required by the Company shall be raised on such terms as the Founders may agree, and the Clause entitled "Dilution and Future Financing" shall apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1fa990b3-d51f-4e21-a299-9829b66a77b9","order":61,"text":"Any loan made by a Founder to the Company shall be documented in writing and shall bear interest (if any) and be repayable on such terms as the Board may approve.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e73028c9-5d09-416e-aa24-1fb04006c84c","order":62,"text":"6. VESTING OF FOUNDER SHARES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"yes","type":"add","operator":"="}],"sectionNum":"S06"},{"id":"563fe1fa-721d-46e2-a808-ed367e307ee1","order":63,"text":"Notwithstanding the legal ownership of the Founder Shares, the Founder Shares shall be subject to vesting over a period of [Total vesting period, e.g. 4 years] (the "Vesting Period"), commencing on [Vesting commencement date] (the "Vesting Commencement Date").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"yes","type":"add","operator":"="}]},{"id":"395f42d4-d18e-4a28-b39b-cd92cb24f5ae","order":64,"text":"A portion of each Founder's Founder Shares equal to [Cliff percentage, e.g. 25]% shall vest on the first anniversary of the Vesting Commencement Date (the "Cliff"), and the remaining Founder Shares shall vest in equal monthly instalments over the remainder of the Vesting Period, such that all Founder Shares are fully vested at the end of the Vesting Period.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"yes","type":"add","operator":"="}]},{"id":"e53aa25e-4d98-495d-9a58-c961cfad0694","order":65,"text":"If a Founder ceases to be engaged in the Business before all of their Founder Shares have vested, the unvested Founder Shares shall be dealt with in accordance with the Clause entitled "Leaver Provisions".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"yes","type":"add","operator":"="}]},{"id":"21352da2-b26a-4bbb-894b-b9cdc4fbdd88","order":66,"text":"There shall be no acceleration of vesting upon any Change of Control of the Company. Vesting shall continue in accordance with the schedule set out in this Clause irrespective of any such event.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"94364fb6-cb43-4fab-bb4c-d8a4fa90190d","value":"none","type":"add","operator":"="},{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"no","type":"remove","operator":"="}]},{"id":"7346df0f-1ebe-4a1e-86c7-26086dac95f6","order":67,"text":"Upon a Change of Control of the Company, the vesting of each Founder's then-unvested Founder Shares shall accelerate in full, such that all such Founder Shares shall be deemed fully vested (single-trigger acceleration).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"94364fb6-cb43-4fab-bb4c-d8a4fa90190d","value":"single","type":"add","operator":"="},{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"no","type":"remove","operator":"="}]},{"id":"98302b4d-f161-4334-a19f-560cdc01753c","order":68,"text":"If, within twelve (12) months following a Change of Control of the Company, a Founder's engagement is terminated by the Company other than for Cause, or a Founder resigns for Good Reason, the vesting of that Founder's then-unvested Founder Shares shall accelerate in full (double-trigger acceleration).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"94364fb6-cb43-4fab-bb4c-d8a4fa90190d","value":"double","type":"add","operator":"="},{"field":"0aaab30e-893e-4b41-ad83-87533f61a4be","value":"no","type":"remove","operator":"="}]},{"id":"b2975008-a8e1-41d1-af29-5af9d7d98b18","order":69,"text":"7. LEAVER PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S07"},{"id":"b793f1de-6970-417d-aba3-f495a5419655","order":70,"text":"In this Clause, a Founder who ceases to be engaged in the Business shall be classified as a "Good Leaver" or a "Bad Leaver" as determined in accordance with this Clause. A "Good Leaver" is a Founder who ceases to be engaged by reason of death, permanent incapacity, or termination of engagement by the Company other than for Cause. A "Bad Leaver" is any other Founder who ceases to be engaged, including a Founder who resigns voluntarily or whose engagement is terminated for Cause (including material breach of this Agreement, fraud, gross misconduct or wilful default).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8a07bdb1-7064-42fc-9824-378268341bff","order":71,"text":"Upon a Founder becoming a leaver, that Founder (the "Leaver") shall be deemed to have offered for transfer such of their Founder Shares as are required to be transferred under this Clause, to the continuing Founders pro rata to their respective shareholdings (or to the Company, or to such other person as the continuing Founders may nominate), at the price determined in accordance with this Clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9af53476-2b89-4ec3-9eff-318dbd3f7b63","order":72,"text":"Where vesting applies under the Clause entitled "Vesting of Founder Shares", a Bad Leaver shall be required to transfer all of their unvested Founder Shares, and a Good Leaver shall be entitled to retain their vested Founder Shares while transferring their unvested Founder Shares. Where vesting does not apply, the proportion of Founder Shares to be transferred by a Leaver shall be as the continuing Founders reasonably determine, having regard to the Leaver's contribution to the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a445aaf1-62a7-436d-9b69-5356cd465407","order":73,"text":"The transfer price for the relevant Founder Shares shall be: (a) in the case of a Good Leaver, the Fair Market Value of those shares as at the Cessation Date; and (b) in the case of a Bad Leaver, the lower of the Fair Market Value and the nominal value (or subscription price) of those shares. The Fair Market Value shall be agreed between the Leaver and the continuing Founders or, failing agreement within fourteen (14) days, determined by an independent valuer appointed by the Board, acting as an expert and not as an arbitrator, whose determination shall be final and binding in the absence of manifest error.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4b5feab6-b7c6-4a28-a470-ee73c75de2e2","order":74,"text":"The Leaver shall, on completion of any transfer under this Clause, also resign from all offices held in the Company and shall execute all such documents and do all such things as may be necessary to give effect to this Clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"abc9716a-2e20-4378-aea1-4090f0bf8ca7","order":75,"text":"If a Leaver fails to execute any instrument of transfer or other document required to give effect to this Clause within ten (10) Business Days of being requested to do so, any director of the Company is irrevocably and by way of security for the performance of the Leaver's obligations appointed as the Leaver's attorney to execute, complete and deliver such instrument of transfer and any other document in the name of and on behalf of the Leaver, and the Company may receive and hold the purchase money in trust for the Leaver, and the Board may authorise registration of the transfer. The receipt of the Company for the purchase money shall be a good discharge to the transferee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"aafc8cd5-5a4f-4bbc-9bd9-f4c644079729","order":76,"text":"Each Founder shall procure that any Connected Person who acquires or holds any interest in that Founder's Founder Shares (including by operation of matrimonial property law) shall be bound by, and shall enter into a deed of adherence to, this Agreement, and the provisions of this Clause shall apply to such interest as if it were held by that Founder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a529aa1e-ca29-40ca-9fd9-ae64bf16a703","order":77,"text":"8. INTELLECTUAL PROPERTY AND CONFIDENTIALITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S08"},{"id":"0641663e-70ce-4100-919b-2c8b9ac634d5","order":78,"text":"Each Founder hereby irrevocably assigns to the Company, with full title guarantee and free from all Encumbrances, all Intellectual Property created, developed or conceived by that Founder (whether alone or jointly) in connection with the Business, whether before or after the date of this Agreement, together with all rights to sue for past, present and future infringement thereof.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"27c7488a-4c5c-4467-8195-38d3ba6ea405","order":79,"text":"In particular, each Founder assigns to the Company the following pre-existing Intellectual Property brought into the Business: [Description of pre-existing IP being assigned].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5f0e57b1-5ff6-44e2-ab26-c199247e6b27","value":"1","type":"add","operator":"="}]},{"id":"68605ebb-862d-44a6-bed9-1c428722c8a2","order":80,"text":"Each Founder shall promptly disclose to the Company all such Intellectual Property and shall, at the Company's expense, execute all documents and do all things necessary to vest such Intellectual Property in the Company and to enable the Company to register or otherwise protect the same. Each Founder irrevocably waives all moral rights in such Intellectual Property to the extent permitted by law, and irrevocably appoints any director of the Company as their attorney to execute any document and do any act necessary to give effect to this Clause if the Founder fails to do so within ten (10) Business Days of being requested.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6d3b16f0-2536-4246-a805-1827f9c6eaf0","order":81,"text":"Each Founder shall keep confidential, both during and after their engagement in the Business, all confidential information relating to the Company, the Business, the other Founders, and the customers, suppliers, finances and affairs of the Company, and shall not use or disclose the same except for the proper performance of their duties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cfa0223b-3284-4d3a-81ed-813fb3c90aa2","order":82,"text":"The obligation of confidentiality shall not apply to information which: (a) is or becomes generally available to the public otherwise than as a result of a breach of this Agreement; (b) was lawfully in the possession of the Founder before its disclosure by the Company; (c) is required to be disclosed by law, any court of competent jurisdiction or any regulatory authority, provided that the Founder gives the Company (where lawful and practicable) prior notice of such disclosure; or (d) is disclosed to the Founder's professional advisers under a duty of confidentiality.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"500ff087-51f7-42e1-9f07-fd77e7211dd8","order":83,"text":"The obligations in this Clause shall survive the termination of this Agreement and the cessation of a Founder's engagement in the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"924c617c-1749-43b7-9009-30de89640ed0","order":84,"text":"9. DECISION-MAKING AND MANAGEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S09"},{"id":"7ca1e56f-e5b4-4a6c-8fc4-37d905c7314f","order":85,"text":"The Founders shall constitute the initial Board of the Company. Subject to the Act and the Constitution, the business and affairs of the Company shall be managed by the Board, and decisions of the Board shall be taken by a majority of the directors present and voting, save in respect of the Reserved Matters set out below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e3811860-cb17-4231-9b03-bc1f654389b8","order":86,"text":"The following matters (the "Reserved Matters") shall require the prior written approval of all the Founders (for so long as each holds Founder Shares): (a) any amendment to the Constitution; (b) any issue, allotment or buy-back of Equity Securities; (c) any change to the nature or scope of the Business; (d) the sale of all or substantially all of the assets or undertaking of the Company; (e) the winding-up or dissolution of the Company; (f) the incurring of borrowings exceeding [Borrowing threshold, e.g. S$50,000] in aggregate; (g) the declaration or payment of any dividend; and (h) the entry into any transaction with a Founder or a related party otherwise than on arm's length terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1ea93290-3771-466d-b66e-a00798ac8b1f","order":87,"text":"Each Founder shall be entitled to appoint and remove one director of the Company for so long as that Founder holds not less than [Minimum % to appoint a director, e.g. 15]% of the issued share capital of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"85e463f5-6e48-4c88-9196-8b2b646277a7","order":88,"text":"10. TRANSFER OF SHARES AND PRE-EMPTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S10"},{"id":"7914bab5-4800-4dce-bce8-296e613f22d0","order":89,"text":"No Founder shall sell, transfer, charge, pledge or otherwise dispose of any Founder Shares, or any interest therein, except in accordance with this Agreement and the Constitution, and any purported transfer in breach of this Clause shall be void.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fb3d2fce-253c-4ec6-9d63-3b758e02aaf3","order":90,"text":"Save for a transfer permitted under the Clause entitled "Leaver Provisions" or a transfer to a family trust or holding entity wholly controlled by the transferring Founder, any Founder wishing to transfer Founder Shares (the "Selling Founder") shall first offer them to the other Founders pro rata to their respective shareholdings, by written notice specifying the number of shares and the proposed price (the "Transfer Notice").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6a8789f6-82f4-4fe5-a629-156121e555e9","order":91,"text":"The other Founders shall have [Pre-emption acceptance period, e.g. 30] days from the date of the Transfer Notice within which to accept the offer. To the extent the offered shares are not accepted, the Selling Founder may, within ninety (90) days thereafter, transfer the unaccepted shares to a bona fide third party at a price not lower, and on terms not more favourable, than those set out in the Transfer Notice, subject to such third party first executing a deed of adherence to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a60cd946-dbdd-40cf-82c1-aec811f551b7","order":92,"text":"If Founders holding a majority of the Founder Shares wish to accept a bona fide third-party offer for all of the Equity Securities of the Company, they may require the remaining Founders to sell their Founder Shares to that third party on the same terms (drag-along), and any Founder shall be entitled to participate in such a sale on the same terms (tag-along).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"34c03aff-7ec5-40c3-824d-bdc875c6e728","order":93,"text":"11. FOUNDERS' REPRESENTATIONS AND WARRANTIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S11"},{"id":"08696bcb-ff4c-4482-8f38-f6c1e8849d33","order":94,"text":"Each Founder represents and warrants to each other Founder and to the Company, on the date of this Agreement, that: (a) they have full power and capacity to enter into and perform this Agreement, and this Agreement constitutes their legal, valid and binding obligations; (b) the execution and performance of this Agreement does not breach any other agreement, obligation or court order binding on them; (c) they are not subject to any restrictive covenant, non-compete or other restriction that would prevent or restrict them from performing their role in the Business; (d) all Intellectual Property contributed or to be contributed by them to the Company is owned by them free from Encumbrances and does not infringe the rights of any third party; and (e) they have disclosed to the other Founders all matters of which they are aware that are material to the decision of the other Founders to enter into this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"601ccc96-052f-4e11-bf1e-200d5e434b71","order":95,"text":"Each Founder undertakes to indemnify and hold harmless each other Founder and the Company against any loss, liability, cost or expense arising out of any breach of the warranties given by that Founder under this Clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"daaf79b8-803c-4b1f-bb9b-e66c53d2995f","order":96,"text":"12. FOUNDER LOANS, EXPENSES AND CONFLICTS OF INTEREST","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S12"},{"id":"749562bc-b2bc-4298-8746-4e78bc08f54c","order":97,"text":"No Founder shall be required to give any personal guarantee, indemnity or security in respect of any obligation of the Company unless that Founder agrees in writing to do so, and where a Founder does so, the Founders shall use reasonable endeavours to procure that the burden of such guarantee, indemnity or security is shared between the Founders in proportion to their respective shareholdings, or that a counter-indemnity is given in that Founder's favour.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bce2d1ca-4784-4df3-84cb-d25fa90a30a8","order":98,"text":"The Company shall reimburse each Founder for all reasonable out-of-pocket expenses properly incurred by that Founder in the performance of their duties in connection with the Business, subject to such expenses policy as the Board may adopt from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2bb57ead-67d5-4b4e-a4b1-c9e100440c29","order":99,"text":"Each Founder shall promptly disclose to the Board any actual or potential conflict between their personal interests (or those of any Connected Person) and the interests of the Company, and shall not, without the prior approval of the other Founders, participate in any decision of the Board in which they have a material personal interest.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"17b51547-c9df-4a97-a486-71961c621c22","order":100,"text":"13. DATA PROTECTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S13"},{"id":"4f2d2550-5fc8-44e4-b10e-90fb8abd7e53","order":101,"text":"Each Founder shall, in carrying out their duties in connection with the Business, comply with the PDPA and with the Company's data protection and privacy policies as in force from time to time, and shall only collect, use, disclose and process personal data for purposes that are lawful and reasonable and in accordance with the PDPA.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d31b11ce-1ccd-49f7-a219-3dbbe68f1b9c","order":102,"text":"Each Founder consents to the collection, use and disclosure by the Company and the other Founders of their personal data set out in this Agreement for the purposes of administering and giving effect to this Agreement, complying with applicable law, and the ordinary management of the Company and the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"817ed19b-9bf0-487c-a15a-3970e7f62e78","order":103,"text":"14. DEADLOCK","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"remove","operator":"="}],"sectionNum":"S14"},{"id":"59d28c6a-681b-4608-958b-9ba2a648e821","order":104,"text":"For the purposes of this Clause, a "Deadlock" arises where the Founders are unable to agree on any Reserved Matter, or any other matter material to the Business, and such disagreement continues for a period of twenty-one (21) days after written notice from one Founder to the other identifying the matter in dispute (a "Deadlock Notice").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"remove","operator":"="}]},{"id":"f93aadfd-3d15-4f12-9b00-6b82f43ba24c","order":105,"text":"Upon the service of a Deadlock Notice, the Founders shall procure that their respective nominated senior representatives (or, where there are none, the Founders personally) meet in good faith within ten (10) Business Days to seek to resolve the Deadlock. If the Deadlock is not resolved at that meeting, either Founder may refer the matter to mediation in Singapore administered by the Singapore Mediation Centre before pursuing any other remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"remove","operator":"="}]},{"id":"7a2504b8-2798-4df8-b5d7-79a917a122ce","order":106,"text":"If the Deadlock remains unresolved sixty (60) days after the Deadlock Notice, either Founder (the "Offeror") may serve on the other Founder (the "Offeree") a notice offering to purchase all of the Offeree's Founder Shares at a price specified in the notice (a "Buy-Sell Notice"). The Offeree may, within thirty (30) days, elect either to sell their Founder Shares to the Offeror at the specified price, or to purchase the Offeror's Founder Shares at the same price per share; failing any election, the Offeree shall be deemed to have accepted the offer to sell. This mechanism is intended to provide a fair exit where the Founders can no longer work together.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"remove","operator":"="}]},{"id":"89d6742e-7c2b-4051-ab4c-b04cb474ea2d","order":107,"text":"15. RESTRICTIVE COVENANTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","displayConditions":[{"field":"4d3b46a8-77a9-4d0b-b9e8-c8ecd95914a1","value":"yes","type":"add","operator":"="}],"sectionNum":"S15"},{"id":"0ef4cd06-fa12-4c93-ae9e-5252d8d8b4a0","order":108,"text":"Each Founder undertakes that they shall not, during their engagement in the Business and for a period of [Restraint period in months, e.g. 12] months after their Cessation Date, within [Geographical area, e.g. Singapore], directly or indirectly carry on, be engaged in, or be concerned or interested in any business which competes with the Business as carried on at the Cessation Date.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"4d3b46a8-77a9-4d0b-b9e8-c8ecd95914a1","value":"yes","type":"add","operator":"="}]},{"id":"55b61b3b-8434-4af8-acb2-69ba3a163001","order":109,"text":"Each Founder further undertakes that they shall not, for the period referred to above, directly or indirectly: (a) solicit or entice away from the Company any employee, consultant, customer or supplier of the Company with whom that Founder dealt during the twelve (12) months prior to the Cessation Date; or (b) use or disclose the Company's confidential information for the benefit of any competing business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"4d3b46a8-77a9-4d0b-b9e8-c8ecd95914a1","value":"yes","type":"add","operator":"="}]},{"id":"f701dece-24bf-4d3b-b78e-4118015b4f6f","order":110,"text":"The Founders acknowledge that each of the restrictions in this Clause is reasonable and necessary to protect the legitimate business interests of the Company, and that each constitutes a separate and severable undertaking. If any such restriction is held to be void or unenforceable but would be valid if some part were deleted or its scope reduced, it shall apply with such modification as may be necessary to make it valid and enforceable.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"4d3b46a8-77a9-4d0b-b9e8-c8ecd95914a1","value":"yes","type":"add","operator":"="}]},{"id":"607a6cf3-7534-4c18-81c8-cf3e8ded79f2","order":111,"text":"16. DILUTION AND FUTURE FINANCING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S16"},{"id":"26b7b573-d95a-4ed4-ba45-e444355c7752","order":112,"text":"The Founders acknowledge that the Company may require additional capital and may issue further Equity Securities to investors. Any such issue shall be subject to the Reserved Matters set out in the Clause entitled "Decision-Making and Management" and shall, save where the Founders otherwise unanimously agree, be offered first to the existing Shareholders pro rata to their existing holdings so as to enable them to maintain their respective percentage shareholdings.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3166da3b-34a4-4cf2-8045-8a69be7f3743","order":113,"text":"The Founders agree to negotiate in good faith the terms of any external investment and to enter into such revised or supplemental shareholders' agreement as may reasonably be required by a bona fide investor, provided that no Founder shall be required to accept terms that are materially more onerous to that Founder than to the other Founders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c9914398-7979-4e9e-9c4a-4dea853047ba","order":114,"text":"17. TERM AND TERMINATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S17"},{"id":"372dccbf-50e9-4aa3-9292-e67e4390a883","order":115,"text":"This Agreement shall take effect on the date first written above and shall continue in force until terminated in accordance with this Clause.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c6277df0-6f8a-472b-9963-1f2e30de5bd3","order":116,"text":"This Agreement shall terminate: (a) upon the written agreement of all the Founders; (b) upon the completion of a sale of all the Equity Securities of the Company or a listing of the Company's shares on a recognised securities exchange; or (c) upon the Company being wound up or dissolved.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8fd5972d-35e3-493a-9127-2ee4d51f753d","order":117,"text":"This Agreement shall cease to apply to a Founder who has transferred all of their Founder Shares in accordance with this Agreement, save in respect of any provision which is expressed to survive or which by its nature is intended to continue (including the Clauses entitled "Intellectual Property and Confidentiality" and "Restrictive Covenants"), and without prejudice to any accrued rights or liabilities.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7b64ce8a-e30f-4d43-b0e5-053e25254a20","order":118,"text":"18. DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S18"},{"id":"aa04ebed-4713-4bba-9265-076ac2cf7cf5","order":119,"text":"The Founders shall use their reasonable endeavours to resolve amicably, by good-faith negotiation, any dispute, controversy or claim arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination (a "Dispute").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"04ccef6c-d9f9-4d66-ba09-2969b6212039","order":120,"text":"Any Dispute which is not so resolved within thirty (30) days shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre ("SIAC") in accordance with the Arbitration Rules of the SIAC for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The seat of the arbitration shall be Singapore. The tribunal shall consist of [Composition of the tribunal, e.g. a sole arbitrator]. The language of the arbitration shall be English.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f58cafa4-11de-487a-bd10-f369b2ebe12b","value":"arbitration","type":"add","operator":"="}]},{"id":"f5cd38d0-a75f-46ca-9863-9e9bb0e69905","order":121,"text":"Any Dispute which is not so resolved within thirty (30) days shall be subject to the exclusive jurisdiction of the courts of the Republic of Singapore, to which the Founders irrevocably submit.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"f58cafa4-11de-487a-bd10-f369b2ebe12b","value":"arbitration","type":"remove","operator":"="}]},{"id":"ba7b88a1-244b-4075-ab63-ebd7e136f01a","order":122,"text":"19. GENERAL PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"20","sectionNum":"S19"},{"id":"a996c469-2801-4e2b-ac84-7c025e6e945f","order":123,"text":"Entire agreement. This Agreement constitutes the entire agreement between the Founders relating to its subject matter and supersedes all prior agreements, arrangements and understandings between them. In the event of any conflict between this Agreement and the Constitution, this Agreement shall prevail as between the Founders, who shall procure such amendment to the Constitution as may be necessary.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bca47cf8-3025-439c-b462-0c33a68d3dae","order":124,"text":"Variation. No variation of this Agreement shall be effective unless made in writing and signed by or on behalf of each of the Founders.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d570a4de-acf0-4021-813f-2db031d98d82","order":125,"text":"No partnership. Nothing in this Agreement shall be deemed to constitute a partnership between the Founders or constitute any Founder the agent of another for any purpose.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"319d3771-d31f-4951-82f2-ce0be755a2bd","order":126,"text":"Severability. If any provision of this Agreement is or becomes invalid or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid and enforceable; if such modification is not possible, the provision shall be deemed deleted, and the validity of the remaining provisions shall not be affected.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"24f38bd9-28b7-470a-8182-a0856d198cb8","order":127,"text":"No waiver. No failure or delay by a Founder in exercising any right or remedy shall operate as a waiver thereof, nor shall any single or partial exercise preclude any further exercise of that or any other right or remedy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fc408002-e5f8-476c-a406-f4b8dd849aa9","order":128,"text":"Notices. Any notice under this Agreement shall be in writing and shall be delivered by hand, sent by prepaid registered post, or sent by email to the relevant Founder at the address or email address last notified by that Founder to the others.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"232e15f8-b6bd-4f1c-87d9-379240792129","order":129,"text":"Further assurance. Each Founder shall, at the request and cost of the Company, execute all such documents and do all such acts and things as may reasonably be required to give full effect to this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a0d2e1d1-4b4b-425e-a747-c938123c4c95","order":130,"text":"Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed shall constitute an original, and all of which together shall constitute one and the same instrument.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"092d8756-f2cc-4d59-8164-48ed7ec57b17","order":131,"text":"Third party rights. Save as expressly provided in this Agreement, a person who is not a party to this Agreement shall have no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement. The Company, although not an original party, shall be entitled to enforce those provisions expressed to be for its benefit.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"72122234-d53e-4683-b479-d9dee476440e","order":132,"text":"Costs and stamp duty. Each Founder shall bear their own costs in connection with the negotiation, preparation and execution of this Agreement. Any stamp duty payable on a transfer of Founder Shares pursuant to this Agreement shall be borne by the transferee, unless otherwise agreed.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6f36c890-5a37-4bc8-9048-0e0f87f1bd2e","order":133,"text":"Assignment. No Founder may assign, transfer or otherwise deal with any of their rights or obligations under this Agreement except in connection with a transfer of Founder Shares permitted under this Agreement and to the transferee of those shares.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8b8d4b9f-a594-4d4f-83a6-064f69bb8c66","order":134,"text":"Governing law. This Agreement and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of the Republic of Singapore.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a0f4df78-0f78-4ee8-b8eb-beab0475466e","order":135,"text":"IN WITNESS WHEREOF this Agreement has been entered into by the Founders on the date first written above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"abf30caf-4631-4d7e-80f7-3b7bc2524fa2","order":136,"text":"SIGNED, SEALED AND DELIVERED","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"533d27d5-52f2-4cf5-8ff2-4e5318b7123b","order":137,"text":"by [Short name of Founder 1]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"marginTop":"10"},{"id":"dd22fa9c-ae00-47e5-8da7-f0a6296a3fd0","order":138,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"3a24ff3b-2d10-4561-ac28-764047f75873","order":139,"text":"Signature of [Short name of Founder 1]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"a0500a0c-1de2-44bb-b458-884a3bf9a6bd","order":140,"text":"In the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"cf90ed39-2f5a-47c7-9553-fc9fdd134ebe","order":141,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"14f5d57c-143e-4f36-9827-5e08398757bc","order":142,"text":"Name and signature of witness","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"a82017d6-c6a9-4a67-bdd4-217982329243","order":143,"text":"by [Short name of Founder 2]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"marginTop":"10"},{"id":"d1fdac0f-35cb-4ded-b921-08ebb9d166a9","order":144,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"52f23873-7b5d-4b63-aaee-d6482b2dd937","order":145,"text":"Signature of [Short name of Founder 2]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"ed4dd1d1-d04e-4390-bd55-0a7a6ddc4154","order":146,"text":"In the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"df8b8727-da17-42df-9765-cc5474c5bc14","order":147,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true},{"id":"76d9e525-a39f-4796-9f52-42556c669bed","order":148,"text":"Name and signature of witness","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"f1a78bd6-9db7-4200-a385-6257da92f4ab","order":149,"text":"by [Short name of Founder 3]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"marginTop":"10","displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"1bc23d9e-6008-4e81-be61-852c02b4e9f9","order":150,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"7bc086ff-0541-4a0c-9457-e834866a192f","order":151,"text":"Signature of [Short name of Founder 3]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"8ca5e694-32c5-4a1a-9b1d-94b7a19694ed","order":152,"text":"In the presence of:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"8c050fe4-490c-45ec-b2b8-e1e781336bf0","order":153,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"5","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]},{"id":"a2d1ce34-9db2-4fce-848f-548369168c34","order":154,"text":"Name and signature of witness","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"30","cflou":false,"active":true,"displayConditions":[{"field":"b7235c4d-4bd2-43a5-bb57-b64c11d47dbb","value":"3","type":"add","operator":"="}]}]