2024 Pitch Fund Legal Terms and Agreement

1. Founders Fund Canada INC Pitch Fund Applicant Agreement

a. Grant Amount and Professional Services: Founders Fund Canada INC agrees to provide the Recipient with non-repayable grant funding in the following amounts: up to $5,000 CAD, up to $2,000 CAD, or up to $1,000 CAD. Additionally, the top 3 recipients will receive optional, in kind, professional services valued at up to $10,000 CAD.

b. Purpose of Funding: The grant funds shall be used exclusively for supporting the recipients business in any way they deem appropriate at their discretion.

c. Eligibility Criteria: To qualify for this grant and professional services, the Recipient must meet the following criteria:

1. Be at least 18 years of age or older
2. Identify as a woman and/or non-binary
3. Have an active bank account that accepts wire transfers should I be selected as a funding recipient
4. Own at least 51% or more of their business OR be able to well present their business that is in ideation stage (not yet launched)

d. Verification of Ownership: Finalists who claim to own 51% or more of their business will be required to provide proof of shareholder ownership upon request by Founders Fund Canada INC.

e. Interview & Live Pitching Agreement: Finalists agree to be interviewed after the pitch event by Founders Fund Canada INC. The interview may be published online. Additionally, finalists agree to pitch live in front of our judges and community on October 22nd, 2024 between 2-6pm EST. This date and time is subject to change with notice.

f. Liability Waiver: Founders Fund Canada INC assumes no liability for the use or misuse of the grant funds or the outcomes of the professional services provided to the Recipient.

2. General Terms:

a. Governing Law: This agreement shall be governed by and construed in accordance with the laws of Ontario, Canada.

b. Entire Agreement: This agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings, whether written or oral.

c. Amendments: Any amendments or modifications to this agreement must be in writing and signed by both parties.

d. Termination: Either party may terminate this agreement with written notice if the other party breaches any material provision of this agreement.

e. Dispute Resolution: Any disputes arising out of or related to this agreement shall be resolved through arbitration in accordance with the rules and procedures of [Specify the arbitration organization, if applicable].

f. Execution: This agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same agreement.