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Between Meridian Labs Pte. Ltd. (UEN 202112345K) (the "Company") and Aisha Tan (the "Founder").
Recitals
The Founder holds 350,000 ordinary shares in the Company (the "Founder Shares"). The parties wish to record the terms on which they vest.
1. Vesting
The Founder Shares vest in equal monthly instalments over 48 months, subject to a 12-month cliff.
Aligned with VIMA seed-stage market practice.
2. Leaver provisions
If the Founder is a Bad Leaver (as defined in the Company's constitution), the Company may repurchase unvested Founder Shares, and vested Founder Shares at the lower of cost and fair market value.
Redline by a Founders Doc lawyer.
3. Governing law
This Agreement is governed by the laws of Singapore, and the parties submit to the exclusive jurisdiction of the Singapore courts.
Signed by Aisha Tan in the presence of a witness:
FounderSigned for Meridian Labs Pte. Ltd. by its director:
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