This is a model of dResume safe agreement. There may be minor changes to this agreement, but the essence and spirit of the agreement will remain. It will be an e-agreement issued after the first milestone. The agreement will be shared by email with each individual referrer after they fill their details in this agreement.
THIS CERTIFIES THAT [Referrer Name] (the "Referrer") has successfully registered, completed profile & referred [number of successful referrals] members (who have registered and completed their profile) as on [Date of safe] with dResume Inc (the "Company") through dResume.com website.
Appreciating and in exchange of this, the company issues to the Referrer the right to [number of successful referrals] shares (for [number of successful referrals] referrals) of the total 200,000,000 shares of the Company's Capital Stock, subject to the terms described below.
In the event of investors investing in the company for company stock, the mutually agreed valuation between investors and company will be final & members will be issued shares or SAFE pro-rata based on the current valuation.
If investors offer to purchase members shares, the company will negotiate terms for such purchase & members may choose to sell their shares at that negotiated value.
In the event of Change of Control of management, your holdings in the company will pro-rata remain the same and will be entitled to all common stock holder benefits.
In the event of Direct Listing or an Initial Public Offering, you will be issued equity shares against your holdings.
In the event of sale of entire business before listing, you will be paid pro-rata as per your holdings.
If there is a Dissolution and/or Liquidation of the company before the termination of this Safe, the Referrer will automatically be entitled to receive a portion of Proceeds (if any, after clearing liabilities) proportionate to their holdings in the company after the Dissolution Event.
This SAFE agreement will automatically terminate on
issuing of company equity shares or
issuing payment against the SAFE or
in case of Dissolution or Liquidation of the company
The valuation of the company will be reset after completion of each milestone, the next milestone being 50 million memberships. 100 million shares will be available for referrers and members through the next milestone of the total 1.5 billion shares of the company.
Your holding will also be revised pro-rata on the next milestone event. You will be issued a new SAFE with revised holdings including both of your holdings from this SAFE and your new referral shares.
dResume or its representatives will validate your identity before issue of equity against this agreement.
You will be asked to provide valid Government IDs, Share account details (such as DEMAT ac no.) and other documents as required to validate your identity and facilitate issue of shares.
This agreement stands cancelled if you delete your dResume membership at the time of redemption.
Your SAFE will be validated as to authenticity of your referees.
Your referee has to be an active member for you to get equity shares or payment against that referral through this SAFE.
This agreement stands terminated if you have created multiple accounts.
The company reserves the right to not issue Shares against this agreement in the event, it is found that you or your referees have violated dResume terms of use, privacy policy or referral program terms.
are non-existent
unable to establish their identity
have created multiple accounts
This SAFE stands terminated if you are found manipulating or attempting to manipulate the referral program.
This SAFE may be terminated if you are found violating the dResume Referral Program Terms and conditions.
You cannot sell, barter or trade this SAFE. The company is not bound by this agreement to anyone other than you.
This Safe is neither transferable nor assignable, however, its rights may be assigned to the Referrer’s estate, heirs, executors, administrators, guardians and/or successors in the event of Investor’s death or permanent disability.
In the event any one or more of the provisions of this Safe is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Safe operate or would prospectively operate to invalidate this Safe, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Safe and the remaining provisions of this Safe will remain operative and in full force and effect and will not be affected, prejudiced, or disturbed thereby.
All rights and obligations hereunder will be governed by IPC under Coimbatore Jurisdiction.
“Pro-rata” means proportionate to your holdings vis-à-vis the total company shares.
“Company Capital Stock” is the total number of equity and preference shares of the company. It will increase after each milestone reset.
“Milestone” is the target that the company has set for resetting valuation of its common stock.
“SAFE” means simple agreement for future equity.
For dResume
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Title:
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REFERRER
Name:
Address:
Email:
Phone: