{{PARTY2}} contributions, responsibilites and context relating to the proposed Joint Venture

  • {{PARTY2}} will retain all financial control (bank accounts/third party payment processors) of the business (unless otherwise negotiated).

  • {{PARTY2}} will negotiate and execute a contract for with Known Element Enterprises LLC for providing IT/business services to {{INSCOPEENTITY}} within 5 calendar days of executing this contract with {{PARTY1}}.

  • {{PARTY2}} will have a very high degree of control (subject to negotiation as applicable with {{PARTY1}}) (especially in the instances of Suborbital/HFNOC/HFNFC) over the:

  • Business Plan

  • Funding / Fundraising

  • Website

  • Application design/development

  • Customers

  • Partners

  • Vendors (as long as they don’t provide a service provided by KNEL) (or a negotiated exception is granted)

  • Employees

  • Contractors

  • Licensing of code

  • Terms of service

  • Pricing

  • Executive team

  • Franchie terms (for STL/RackRental/sol-calc.com) (excluding TSYS Group HQ franchises)

  • Series LLC members

  • Series LLC operating agreement (other than non override parts from the Turnkey Network Systems LLC operating agreement)

  • TSYS Group board committee for the series

  • etc

for all TSYS Group components

(with some exceptions noted below)

  • StartingLineProductions.com/RackRental.net/sol-calc.com microservice and (TSYS Group HQ franchise): ({{PARTY1}}/RackRental.net series LLC will ensure close consultation / collaboration / code availability to {{PARTY2}} on any design/development done on the STL/RackRental.net/sol-calc.com website/microservices) so as to not negatively impact the value of the business or relationship with franchises.

  • Redwood Springs Capital Partners Funds related to Suborbital/HFNOC/HFNFC

  • Suborbital Systems

  • HFNOC

  • HFNFC

  • {{PARTY2}} wants to be a leader, be in the driver seat, put their brand/stamp on everything.

  • {{PARTY2}} has a deep network of relevant personnel/talent , a deep contact network etc to increase the likelihood of success.

  • {{PARTY2}} understands that {{PARTY1}} has no real interest in TSYS Group components outside of Suborbital/HFNOC/HFNFC but would like to retain a minority silent stake in all components in exchange for the contributions outlined in the section titled "{{PARTY1}} contributions, responsibilities and context related to the proposed Joint Venture.