[foundation-board] Fwd: Draft Grant Agreement

[Jordan S Hatcher]

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On 6 Jul 2011, at 20:01, Rufus Pollock wrote:

> Hi All,
> 
> We have been draft agreement by Omidyar. I'd suggest Jason and Jordan
> review this (if Jordan is up for that).

Attached is the INTERNAL ONLY edit of the agreement with several questions/comments for us to discuss in relation to the agreement.  Within the agreement, I have:

* Marked down comments as INTERNAL if they are for us to discuss prior to sending across and possibly further marking up the document.
* All other comments should be meant for the response to Omidyar and so are drafted in a different tone.  If you don't agree with any of these changes, please feel free to comment here as well.
* I reviewed all the pages in the doc, so don't just stop reading after the main body of the contract is done

Please respond with your thoughts.

> Couple of key points from my
> quick reading:
> 
> 1. They ask for right to designate Grantor Observer on board (but not
> a board member). I think we are good with this.

Please see my notes on the side letter. 
> 2. They require us to have our annual financials audited going forward
> (which resolves the discussion at the board meeting) - assuming we
> accept the grant.
I was a bit unclear on this -- does this mean that we pay for a further set of accountants to audit the set of accounts the first set produced?  It's not clear to me that we can use Omidyar funds for this audit expense, so just need to make sure it's in the budget.

Thanks!

Jordan


> 
> Rufus
> 
> ---------- Forwarded message ----------
> From: Stephen King <sking at omidyar.com>
> Date: 6 July 2011 09:52
> Subject: Draft Grant Agreement
> To: Jason Kitcat <jason.kitcat at okfn.org>
> Cc: rufus pollock <rufus.pollock at okfn.org>, Becky Hogge
> <becky.hogge at okfn.org>, Arwyn Icard <aicard at omidyar.com>, Greg
> Pershall <gpershall at omidyar.com>, Annis Steiner <asteiner at omidyar.com>
> 
> 
> Hi Jason,
> 
> Please find attached a draft copy of the grant agreement for Open
> Knowledge Foundation.  If acceptable to OKF, you should sign and
> return two originals of the agreement (including the side letter in
> Exhibit E) to Arwyn Icard in our Redwood City office via DHL or
> similar service. The address is:
> 
> Omidyar Network
> Suite 200
> 1991 Broadway
> Redwood City
> CA 94063, USA
> 
> It would also be helpful if you could send us a pdf scanned version of
> the signed agreement as well.  Arwyn will arrange for our
> counter-signature. In addition, you should complete the attached wire
> transfer form, so that we have wire transfer instructions for you. If
> you have any questions on the contract do let me know.
> 
> I am also copying Greg Pershall and Annis Steiner from our
> Communications Team who can work with you on an agreed release and
> details to go on our website
> 
> Best wishes
> 
> Stephen
> 
> 
> Stephen King
> Investment Partner
> Omidyar Network
> Phone: + 44 (0)1787 229956
> Mobile + 44 (0)7740 818349
> www.omidyar.com
> 
> 
> 
> 
> -- 
> Co-Founder, Open Knowledge Foundation
> Promoting Open Knowledge in a Digital Age
> http://www.okfn.org/ - http://blog.okfn.org/
> <Open Knowledge Foundation Grant Agreement 7-5-11.doc>_______________________________________________
> foundation-board mailing list
> foundation-board at lists.okfn.org
> http://lists.okfn.org/mailman/listinfo/foundation-board

____
Mr. Jordan S Hatcher, JD, LLM

More at: <http://www.jordanhatcher.com>
Co-founder:  <http://www.opendatacommons.org>
Open Knowledge: <http://www.okfn.org/>