Unanimous written consent of the board of directors authorizing a SAFE round up to a stated total. Drafted for Delaware corporations; if your company is incorporated elsewhere, the approval works the same way but the statutory citation differs, so have a lawyer adapt it.
Pairs with SAFE (Simple Agreement for Future Equity) - Post-Money with Valuation Cap Only.
Read a preview now. Create a free account to customize this document. A paid membership is required to complete and download it.
Create a free account and Arabella explains any clause here.
In accordance with Section [applicable section of the state corporation law] and the Bylaws of [Company Name], a [State] corporation (the “Company”), the undersigned, constituting all of the members of the Company’s Board of Directors (the “Board”), hereby take the following actions and adopt the following resolutions by unanimous written consent without a meeting:
This is a professionally drafted starting point, not legal advice for your specific situation. Using it does not create an attorney-client relationship.