Contract analysis
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Contract analysis / staffing-plan-memo.docx
staffing-plan-memo.docx
High · 2
Medium · 4
Standard · 1
1. Introduction and Purpose
Medium
⚑ Assignment / subcontracting
1. Introduction and Purpose The purpose of this memorandum is to set forth the proposed team composition, role assignments, and anticipated allocation of responsibilities for Calderwood & Harkness LLP's ("C&H" or the "Firm") representation of Skybridge Fintech Ltd. ("Skybridge" or "SBF") in connection with its proposed $60,000,000 convertible promissory note bridge financing (the "Bridge Financing" or the "Transactio
2. Transaction Overview
High
⚑ Non-compete / exclusivity restraint
2. Transaction Overview 2.1 Description of the Transaction The Transaction contemplates the issuance and sale by Skybridge of convertible promissory notes in the aggregate principal amount of $60,000,000 to an investor syndicate consisting of four institutional investors. The Notes will be convertible into equity securities of the Company upon the occurrence of certain triggering events, as described below. The Bridg
3. Staffing Assignments
High
⚑ Indemnity / guarantee obligation
3. Staffing Assignments Set forth below are the detailed role descriptions, responsibilities, and anticipated time commitments for each member of the C&H team assigned to the engagement. The team has been assembled to balance transactional depth and subject-matter specialization while maintaining budgetary discipline consistent with the $275,000 fee cap. 3.1 Victoria Chambers — Responsible Partner Title: Partner, Whi
4. Workstream Assignments Summary
Medium
⚑ Assignment / subcontracting
4. Workstream Assignments Summary The following table provides a summary of the allocation of responsibility for each major workstream across the engagement team. For each workstream, the "Primary" column identifies the team member bearing lead responsibility, and the "Secondary/Support" column identifies team members providing supporting or review functions. This allocation reflects the Firm's intention to concentra
5. Key Third-Party Contacts
Standard
⚑ Commercial term
5. Key Third-Party Contacts The following is a directory of key third-party contacts relevant to the engagement. All team members should maintain this information for reference throughout the Transaction. Investor Counsel Whitfield, Pratt & Soo LLP One Federal Street, 26th Floor Boston, MA 02110 • Graham Whitfield — Lead Partner • Danielle Kwon — Associate Whitfield, Pratt & Soo LLP represents the investor syndicate
6. Budget Considerations and Time Management
Medium
⚑ Liability cap to check against exposure
6. Budget Considerations and Time Management This section addresses the budgetary framework for the engagement and sets forth time management protocols for all team members. 6.1 Fee Cap and Retainer The engagement is subject to a total fee cap of $275,000 plus disbursements, as set forth in the engagement letter dated November 6, 2023. A retainer of $75,000 is anticipated to be received from the client on or about No
7. Communication Protocols and Reporting
7. Communication Protocols and Reporting To ensure efficient coordination and consistent client service, the following communication protocols are established for the duration of the engagement: 7.1 Internal Reporting Leonard Ashford will provide weekly status updates to Victoria Chambers, summarizing progress across all workstreams, identifying any material issues or risks, and reporting on budget status. These upda
8. Conclusion
Medium
⚑ Confidentiality undertaking
8. Conclusion This staffing plan has been designed to provide comprehensive legal coverage across all workstreams of the Skybridge Fintech Ltd. convertible bridge financing while remaining within the agreed $275,000 fee cap. The team assembled for this engagement combines deep Emerging Companies & Venture Capital transactional expertise — through Leonard Ashford (Of Counsel) and Nina Reyes (Senior Associate) — with s