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Stock Assignment Separate from Certificate

This assignment separate from certificate (this "Stock Power") is executed by [Full name of the founder assigning the shares (the Assignor)] (the "Assignor") in favor of [Full legal name of the Delaware corporation], a Delaware corporation (the "Company"), to effect the transfer of the shares described below.

Key Terms

Company[Full legal name of the Delaware corporation]
Founder (Assignor)[Full name of the founder assigning the shares (the Assignor)]
Shares Assigned[Number and class of shares assigned (for example, "100,000 shares of Common Stock")]
Certificate Number[Certificate number representing the assigned shares (or a reference to uncertificated / book-entry shares)]

Assignment

1. Assignment Separate from Certificate

FOR VALUE RECEIVED, the Assignor hereby sells, assigns, and transfers unto [Full legal name of the Delaware corporation], a Delaware corporation, [Number and class of shares assigned (for example, "100,000 shares of Common Stock")] of the Company standing in the Assignor's name on the books of the Company and represented by Certificate No. [Certificate number representing the assigned shares (or a reference to uncertificated / book-entry shares)] (or, if the shares are uncertificated, represented by the corresponding book-entry), and does hereby irrevocably constitute and appoint [Person appointed as attorney-in-fact to transfer the shares on the Company's books (for example, "the Secretary of the Company")] as the Assignor's attorney-in-fact to transfer the said shares on the books of the Company, with full power of substitution in the premises.

This Stock Power is delivered under the Assignor's Restricted Stock Purchase Agreement in connection with the Company's repurchase of the shares described above and does not modify the terms of that agreement.

Signatures

The Assignor has executed this Stock Power as of the date set forth below.

Assignor

Signature:

Print Name: [Full name of the founder assigning the shares (the Assignor)]

Date: [Date the Assignor executes the stock power]

Authored by OpenAgreements contributors. Licensed under CC BY 4.0.