1

Your company adopts the Vestd standard Articles of Association

Our articles are based on the British Venture Capital Association’s standard template and include additional drafting to allow you to distribute V shares while protecting everyone involved.

Your existing ordinary shares are unaffected, and our structure is compatible with EIS and SEIS.

You can complete the entire process quickly and easily in only a few minutes on Vestd.

2

Now you can issue equity rewards and distribute shares

You can distribute to a single person such as a team member or consultant, or to multiple people such as customers or advocates of your brand.

Enter what they need to do to qualify for your reward, the number of shares you’re offering and the time frame for when they’ll get them.

Then send your invitations to individuals or companies. Inviting several people is easy with our multi-person upload tool.

They then individually choose whether to accept your criteria to get the shares.

If they accept, the V shares are automatically issued and registered with Companies House. At this stage the recipient has beneficial ownership of the shares, but they remain ‘conditional’ until the criteria has been met. You can choose Vestd Nominees Ltd to be the legal owner in order to reduce cap table fragmentation.

3

You’re in control and can take them back if the reward criteria aren’t met

If circumstances change or the recipient doesn’t meet your reward criteria you can always cancel the equity reward and we’ll just convert the allocated shares into worthless deferred shares.

To protect both parties, Vestd has to approve any cancellations. If there’s a disagreement, we’ll use our Dispute Resolution Process to ensure a fair result for everyone involved.

Once you’re happy the reward criteria have been met you make the V shares ‘unconditional’ by marking them as complete.

Join

If you need to, leaving is easy. Once your rewards have been completed, you can simply choose to leave Vestd and your shareholders will have full ownership of their shares.