Partnership Agreement

From TurboCASH Wiki

The mission of Good Things is to increase the user base of TurboCASH users. The Owners understand that this is the intrinsic value of Good Things. Good Things is not involved in the day to day running of the TurboCASH Project or the Revenues associated with that.

Owners understand that the intrinsic value of the Shares in Good Things is dependent on the number of users and the market conditions in the Internet Capital markets. This is a risky an unpredictable future. Owners agree to the concept of a rapid exit from ownership. The Senior Partner and the Disclosed partner are solely responsible for this exit strategy.

Capital raised will be spent on development projects in the TurboCASH project and on promotion of the TurboCASH brand with Media partners. Developers will be offered shares in exchange for development. Media partners will be offered shares in exchange for Media Spend.

Good things is begun with a shareholding of 20 000 (Twenty Thousand Shares). Partners authorize Good Things to issue a further 1 000 000 Shares (One Million).

A number of persons have helped Philip to get the TurboCASH project to this point. Philip has the right donate or sell up to 20% of his shares to these persons at a discounted price. These do not have to be offered to the Buyer First. A list of these can be produced.

TurboCASH is licensed under the GNU GPL and will remain so. Members of The Good Things Partnership are free to pursue their interests around the Partnership.

Good Things will retain a portion of its capital raised (say 20%) for the repurchase of Shares from its Partners.

Good things will pay a commission of up to 20% to agents who sell Partnership shares in Good Things.

It is understood that TurboCASH is a generic name and that it is sold here as is. It is the responsibility of Good Things to maintain its ownership of the Copyright.