Common use of OWNERSHIP STRUCTURE UPON FORMATION Clause in Contracts

OWNERSHIP STRUCTURE UPON FORMATION. 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect the following: Person Shares [FOUNDER1 NAME] [FOUNDER1 SHARES AMOUNT] [FOUNDER2 NAME] [FOUNDER2 SHARES AMOUNT] [FOUNDER3 NAME] [FOUNDER3 SHARES AMOUNT] [FOUNDER4 NAME] [FOUNDER4 SHARES AMOUNT] The Founders plan to issue shares towards new employees once the next 3-5 employees are hired, diluting their respective holdings in the company by up to 20%.

OWNERSHIP STRUCTURE UPON FORMATION. 2.1 Upon formation of the Company, the entire issued share ownership of the Company shall reflect reflect the following: Person Shares [FOUNDER1 NAME] [FOUNDER1 SHARES AMOUNT] [FOUNDER2 NAME] [FOUNDER2 SHARES AMOUNT] [FOUNDER3 NAME] [FOUNDER3 SHARES AMOUNT] [FOUNDER4 NAME] [FOUNDER4 SHARES AMOUNT] The Founders plan to issue shares towards new employees once the next 3-5 employees are hired, diluting their respective holdings in the company by up to 20%.