Accelerator Participation Agreement

Please note that founders are not required to sign these agreements to register and launch the program. Instead, you are asked to sign it through the program (2021-04-06 for the Moscow Virtual 2020 cohort) to allow you to fully understand the value that the Founder Institution Network offers you before using equity in your company. The termination of this agreement is as follows: the Warrants form is signed during the Founder Institute program and offers the founders participation in the Equity Collective. The warrant also provides protection to founders against unwanted dismissals. Below you will find all the agreements you need to sign at the Founding Institute. Your participation in the Program does not entail any transfer of intellectual property to you and, as a condition of participation in the Program, you agree to respect and abide by all copyright and other intellectual property laws. Congratulations on your invitation to accelerator Newchip! Newchip is one of the world`s leading startup accelerator programs for online startup programs. Our mission is to provide startups and the most promising companies with the tools and skills needed for financing, construction and scale. Our Accelerator Program Affiliate Agreement, the Connect Program, and the Venture Scout Program Terms and Conditions and Privacy Policies are available below. Terms of Use, Privacy Policy and Disclaimer The Terms of Use, Privacy Policy and Company Disclaimer are included in this Agreement by reference.

Unless this Agreement is amended, each of these agreements and guidelines fully applies to your participation in the Program. In the event of any opposition between any of these Directives and this Agreement, this Agreement shall apply. This agreement will terminate after the accelerator has not been informed of the valid Accelerator login information in accordance with the Veres One project for one month. This Affiliate Agreement (the “Agreement”) will be signed by and between the Newchip Accelerator (“Accelerator” and “We” or “Us”), a division of Newchip Inc., and the Member, the company that has applied for and is obtaining membership in the Newchip Accelerator Program in accordance with the terms of this Agreement (the “Member” and “Company”, including “Es, “You” and “Yours”). Q&A – As a member of the program, you have access to weekly Q&A sessions. They shall be guaranteed access to a total of eight such meetings, which shall commence upon the entry into force of this Agreement. The company will provide you with details on how to participate in these Q&A sessions. This group provides you with a forum to connect with other program participants and seek instructions and support. Company members will attempt to interact with program participants in the group, but the company makes no warranty as to the participation of employees, founders or group members. You are required to comply with all rules posted in this group. If you do not follow these rules, you will lose your right to participate in this group. In the event that you lose your right to participate in the group due to a breach of the rule, you will not be refunded.

Private Newsgroup Access – The company runs a private group that you have access to for 8 weeks as a program member. access shall commence when this Agreement takes effect. This Agreement, together with the Company`s Terms of Use, Privacy Policy and Disclaimer, constitutes the entire agreement between you and the Company regarding the Program and supersedes all prior or simultaneous communications and proposals, whether electronic, oral or written, between you and the Company with respect to the Program. . . .