Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / management-rights-letter-pinnacle.docx
management-rights-letter-pinnacle.docx
Parties
Pinnacle Venture Fund II LP
Blackthorn Growth Fund III LP
Stonebridge Ventures LLC
Pinnacle Capital Management LLC
Employee Retirement Inc
Keane LLP
Associates CPAs LLP
Harkness LLP
Dates
May 16, 2026
June 15, 2026
July 12, 2023
Amounts
$5.00
$14,000,000
$14,000,000.00
$50,000,000
Obligations
3-101(d)(3), and in order to enable the Investor to obtain and maintain its status as a venture capital operating company, the Company agrees to provide the Investor with certain management rights as more fully set forth herein
Amara Osei, Co-Founder and Chief Executive Officer, and Julian Voss, Co-Founder and Chief Technology Officer (and any successors to such positions), shall make themselves reasonably available for such consultation upon reasonable request by the Investor or its designated representatives
The Company shall use commercially reasonable efforts to accommodate the scheduling preferences of the Investor's representatives for any such consultation, and shall respond to reasonable requests for consultations within five (5) business days of receipt of such requests
For the avoidance of doubt, under the Voting Agreement, the Investor is entitled to designate one (1) member to serve on the Company's five-seat Board of Directors, and the initial designee under the Voting Agreement shall be Christine Aldridge, Partner of Pinnacle Capital Management LLC
(b) The Observer shall receive all notices of meetings of the Board at the same time and in the same manner as such notices are provided to the members of the Board
The Observer shall have the right to participate in discussions at Board meetings, provided that the Observer shall not be entitled to vote on any matter before the Board and shall not be counted for purposes of determining a quorum