Glossary

Form of Notice of Issuance for Founders’ Stock

A Form of Notice of Issuance for Founders’ Stock is the notice to each Founder that they have been issued shares of uncertificated stock. Unlike a stock certificate which is the actual evidence of ownership for certificated stock, the notice of issuance is just a notice that a stockholder has been issued shares and the Company’s stock ledger itself serves as the evidence of ownership of uncertificated stock.