<aside> 💡 If you signed the pledge and would like to show your work as a way to encourage others to do the same, we welcome you to do so! One way is using the below letter with your own company letterhead.

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[Date]

[COMPANY LLC],

This letter will document our understanding regarding the non-binding pledge of [COMPANY LLC] (the “ Company”) to take initiatives that will increase representation of marginalized persons in leadership positions.  Payments of the annual profits of the Company will be made as and when distributions are made to the members of the Company.  Payments resulting from any liquidity event shall be made when the Company or its members receive proceeds from the liquidity event and shall be net of all transaction costs of the Company.

For clarification purposes, we jointly understand that Open Tech Pledge will not have a membership interest or any economic ownership interest in the Company. By signing the Open Tech Pledge, the company is ensuring it will take actions to have marginalized representation at the top. By the 2 year mark, the company will meet the below minimum seats of marginalized persons having C-Level positions and sitting on the board.

Women and Gender Expansive, and/or those otherwise affected by systematic oppression in their place of living and working: 4 or less board members = minimum of 1 seat 5 board members = minimum of 2 seats 6 to 9 board members = minimum of 3 seats 10 or more board members = 40% of seats

BIPOC, Hispanic, Middle Eastern, Asian, and/or those otherwise affected by systemic oppression in their place of living and working: 4 or less board members = minimum of 1 seat 5 board members = minimum of 2 seats 6 to 9 board members = minimum of 3 seats 10 or more board members = 40% of seats

Please note: it is important to have representation of LGBTQ+ folks and folks with Disabilities in C-Level positions and sitting on the board as well.

Open Tech Pledge is extremely appreciative of your generosity.   If the foregoing adequately sets forth our understanding please so indicate by executing a copy of this letter in the space indicated below.

Sincerely,

The Open Tech Pledge Team

The above non-binding pledge acknowledged this ___day of ________, 20

[COMPANY LLC]

By:_______________________________

Print Name: ________________________

Title:  ______________________________