# FOUNDER VESTING AGREEMENT
Date: 15 October 2029
Parties: Cedar Lantern Technologies Limited and Maya Singh
## 1. Parties and purpose
Cedar Lantern Technologies Limited (Company No. 15092211) of 81 Deansgate, Manchester M3 2BW and Maya Singh of 6 Birch Avenue, Stockport SK3 0QF agree these terms alongside the articles and shareholders' agreement.
## 2. Money and rights
Maya holds 200,000 ordinary shares of £0.0001 each, issued and fully paid. To align ownership with continuing contribution, the shares are subject to reverse vesting over 48 months from 1 October 2029.
## 3. Duties and operation
Twenty-five per cent vests on 1 October 2030 and the balance vests in 36 equal monthly tranches, provided Maya remains engaged as Chief Product Officer and has not triggered a leaver event. Vested shares are not automatically repurchased.
## 4. Consent and management
If Maya is a Good Leaver because of death, permanent incapacity, or termination without cause, all shares scheduled to vest in the following six months accelerate. If she is a Bad Leaver after fraud, gross misconduct or material repudiatory breach, unvested shares may be transferred at the lower of subscription price and fair value to the extent permitted.
## 5. Ending and remedies
A sale of all or substantially all of the Company or a change of control accelerates 50% of the unvested shares, with double-trigger acceleration of the remainder if Maya is dismissed without cause within 12 months. The board must follow the articles and Companies Act 2006 requirements.
## 6. Legal reservations
Maya must sign reasonable transfer, stamp-duty and register documents and remains bound by confidentiality, IP assignment and lawful post-termination restrictions. No tax outcome is guaranteed; she must obtain advice on employment-related securities and HMRC reporting.
## 7. Signatures
England and Wales law applies. This agreement does not vary the articles unless properly adopted, does not create an employment guarantee, and is varied only in writing signed by the Company and Maya. The authorised director and Maya sign on the date above.