Framework Series A-1 (opens in new tab)

1. What was the valuation at your last round, and what is it for this one (approximately)?

2. Are the shares illiquid or will it be possible to sell your stake to another accredited investor prior to the next round of funding?

3. Your application mentions "the RUV will sign a proxy voting agreement with ... Nirav Patel that will allow him to determine how to vote the RUV's shares for most matters". Is there a draft available of that agreement, or alternatively can you share some examples of matters where community investors would be entitled to vote? (e.g. leadership confidence, tender offer)

4. Will these investors have a right & opportunity to inspect your corporate books and records, and attend shareholder meetings?

5. Is a copy of the NDA available for review at this time? (completed the application and haven't received one yet)

I gather the basic intent is community investors are 'along for the ride' - deposit your money here, maybe one day if we go public you'll have a nice little payoff - but want to understand what knobs and levers might be available in the interim.

Thanks!

Ps. Step 5 in the application process has an asterisk at the end of the paragraph, as if referencing fine print elsewhere. But there is no fine print (https://i.imgur.com/P0DHZhl.png)

They need to get their pricing down. What costs $3k for them, is below $1.5k from say lenovo or dell.