Founder Resignation Letter

I, [Full name of the departing founder] (the "Founder"), hereby resign from all positions I hold with the Company, including [Every officer and director position from which the founder is resigning (for example, "Chief Executive Officer, Secretary, and member of the Board of Directors")], effective as of [The explicit effective date of the resignation. This date is load-bearing: it fixes the founder's termination date and starts the repurchase-option window under the founder's Restricted Stock Purchase Agreement.] (the "Effective Date").

My resignation from the Board of Directors and each officer position is effective on the Effective Date. From and after the Effective Date, I will hold no officer or director position with the Company and will have no authority to act for or bind the Company.

This resignation is irrevocable and covers every officer and director position I hold with the Company, whether or not listed above. It is not conditioned on any action by the Company and takes effect on the Effective Date without acceptance by the Board.

Nothing in this letter waives, releases, or diminishes any right I have that survives my departure, including any vested equity, accrued and unpaid compensation or expense reimbursement, rights under any equity or benefit plan, or any right to indemnification, advancement of expenses, or coverage under the Company's directors-and-officers liability insurance for acts or omissions in my former capacities. This letter does not create, and shall not be read to create, any new non-competition, non-solicitation, or other post-separation restrictive covenant; any such covenant, if any, exists only under a separate written agreement.