QUESTION
I am receiving 10% equity in a start-up. I want to structure the right to purchase an additional 15%
Asked on Dec 10th, 2020 on Business Law - Arizona
More details to this question:
I am one of the founders, but I am not providing the seed capital. how to I structure an equity purchase agreement, by repaying the other founder a percentage of his specific capital investment, plus interest. I want the right to buy an additional 15% for 15% of the capital invested.
1 ANSWER
It sounds like what you want is for the other investor to give you an option to purchase an additional 15% of shares from him/her (as opposed to buying them from the company) for an amount equal to 15% of the total start up capital invested.
Answered on Dec 10th, 2020 at 10:45 AM