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This agreement is entered into by BingoBoingo (identified by GPG fingerprint ADD7 A9A2 8F85 E5EF 1F51 904F 309B B8D7 F325 1143), asciilifeform (identified by GPG fingerprint 1721 5D11 8B72 3950 7FAF ED98 B982 28A0 01AB FFC7), mod6 (identified by GPG fingerprint 027A 8D7C 0FB8 A166 4372 0F40 7217 05A8 B71E ADAF) and ben_vulpes (identified by GPG fingerprint 4F79 0794 2CA8 B89B 01E2 5A76 2AFA 1A9F D2D0 31DA).

Pizarro ISP (Pizarro) shall incorporate with 1,000,000 shares, selling 500,000 each to mod6 and asciilifeform at a value of 0.00001 BTC each, for a total equity value of 10 BTC. Pizarro shares have no voting rights.

asciilifeform, mod6, and the chairmen of The Bitcoin Foundation will each appoint one board member, hire ben_vulpes to manage Pizarro, and hire BingoBoingo to perform remote hands labor. ben_vulpes shall direct day-to-day operations, produce monthly AN0 statements, and consult with The Board, The Republic and Pizarro's customers at his discretion. mod6 shall manage customer relations, and asciilifeform shall have remit of all electronics and software; directing BingoBoingo's work as appropriate and at asciilifeform's discretion.

Pizarro ISP shall issue Special Stock Warrants for 100,000 shares to ben_vulpes and 10,000 shares to BingoBoingo at a price per share of 0.00001 BTC, redeemable 1 year from the signing of this contract by all parties.

Should any member of the board or the hired manager withdraw or fail to meet their obligations, or should the board determine that the operation cannot continue as a going concern, this entity shall terminate, liquidate, and provide BingoBoingo 0.25 BTC in parachute. asciilifeform will pay for BingoBoingo's plane ticket home out of his own pocket, with mod6 as backstop and ben_vulpes as secondary backstop.
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