Codeburst Pty Ltd - Constitution

Table of Contents

1. Introduction

   - 1.1. Company Overview  

   - 1.2. Vision and Mission  

   - 1.3. Core Values  


2. Governance Structure

   - 2.1. Shareholders  

   - 2.2. Roles and Responsibilities  

   - 2.3. Decision-Making Process  


3. Operational Framework

   - 3.1. Flexible and Remote Work Policy  

   - 3.2. Freelance Engagement Policy  

   - 3.3. Intellectual Property (IP) Policies  

   - 3.4. Project Management and Delivery  


4. Financial Structure  

   - 4.1. Ownership and Equity  

   - 4.2. Revenue Models  

   - 4.3. Financial Oversight  


5. Regulatory Compliance

   - 5.1. Legal Oversight  

   - 5.2. Data Protection and Privacy  

   - 5.3. Blockchain and Web3 Compliance  


6. Risk Management

   - 6.1. Cybersecurity Protocols  

   - 6.2. Incident Response Plan  

   - 6.3. Financial and Legal Risks  


7. Stakeholder Engagement

   - 7.1. Client Engagement and Alliances  

   - 7.2. Freelancer Engagement  

   - 7.3. Transparency Reports  


8. Ethical and Sustainability Policies 

   - 8.1. Sustainability in Technology  

   - 8.2. Inclusion and Diversity  

   - 8.3. Anti-Exploitation Policy  


9. Dispute Resolution

   - 9.1. Employee and Freelancer Disputes  

   - 9.2. Client Disputes  

   - 9.3. Governance Disputes  


10. Audit and Accountability

    - 10.1. Internal and External Audits  

    - 10.2. Smart Contract and Token Audits  

    - 10.3. Financial Reporting  


11. Global Scalability

    - 11.1. Regional Strategies  

    - 11.2. Cross-Border Compliance  

    - 11.3. Partnerships and Alliances  


12. Dissolution and Exit Strategies

    - 12.1. Dissolution Clause  

    - 12.2. Exit Plan for Shareholders  

    - 12.3. IP Ownership Upon Closure  


13. Appendix

    - 13.1. Glossary of Terms  

    - 13.2. Technical Framework  

    - 13.3. Legal Agreements  

1. Introduction

1.1. Company Overview  

CodeBurst Pty Ltd, established and incorporated in 2020, is a software solutions provider specializing in Web2 and Web3 technologies. Our mission is to revolutionize how businesses operate by integrating advanced technologies into their processes.  

1.2. Vision and Mission  

- Vision: To become a global leader in Web2 and Web3 innovations, empowering developers and businesses alike.  

- Mission: To deliver top-tier solutions, cultivate meaningful collaborations, and sustain innovation for long-term growth.  

1.3. Core Values  

- Innovation: Leading with creativity and technology.  

- Transparency: Maintaining openness with stakeholders.  

- Flexibility: Supporting remote work and adaptability.  

- Inclusion: Valuing diversity within our team.  

- Sustainability: Building projects that last.  

2. Governance Structure

2.1. Shareholders  

The company has four equal shareholders:  

1. Malefetsane Shelile (CTO): Leads technical innovations.  

2. Vikile Hatahata (CFO): Oversees financial operations.  

3. Tlokotsi Potloane (CEO): Manages strategic direction.  

4. Tefelo Khoabeng (Director): Ensures governance compliance.  

2.2. Roles and Responsibilities  

Additional Roles:  

- Pontso Mokhatla (Legal Advisor): Handles legal matters and compliance.  

- Mahlomola Roelane: Oversees finances and ensures fiscal integrity.  

2.3. Decision-Making Process  

- Unanimous shareholder approval is required for strategic decisions.  

- Operational decisions can be delegated to respective department heads.  

3. Operational Framework

3.1. Remote Work Policy  

CodeBurst operates remotely, enabling employees and freelancers to work from anywhere, fostering global collaboration.  

3.2. Freelance Engagement Policy  

- Freelancers earn based on the amount of code contributed to projects.  

- Freelancers are recognized for contributions but retain no IP rights.  

3.3. Intellectual Property (IP) Policies  

- Client Projects: Clients retain IP rights only upon full payment.  

- In-House Projects: Web2 projects are sold after receiving market validation. Web3 projects remain optional for sale.  

3.4. Project Management and Delivery  

CodeBurst uses agile methodologies to ensure timely and quality deliveries for all projects.  

4. Financial Structure

4.1. Ownership and Equity  

Shareholding is equally distributed at 25% for each founder.  

4.2. Revenue Models  

- Revenue streams include client projects, consulting, investments and in-house project sales.  

- Revenue from Web2 projects is reinvested into innovation.  

4.3. Financial Oversight  

The CFO ensures strict financial management, supported by the financial advisor.  

5. Regulatory Compliance

5.1. Legal Oversight  

All legal matters are handled by Pontso Mokhatla, ensuring adherence to local and international laws.  

5.2. Data Protection and Privacy  

CodeBurst complies with data protection laws like GDPR to secure client and user information.  

5.3. Blockchain and Web3 Compliance  

The company adheres to blockchain regulations, including transparency in token use and audits.  

6. Risk Management

6.1. Cybersecurity Protocols  

Robust security measures are in place to protect client and company data.  

6.2. Incident Response Plan  

A dedicated team manages incident response to minimize risks and disruptions.  

6.3. Financial and Legal Risks  

Regular audits are conducted to mitigate financial and legal risks.  

7. Stakeholder Engagement

7.1. Client Engagement and Alliances  

CodeBurst forms long-term alliances with clients, ensuring sustainability through future collaborations.  

7.2. Freelancer Engagement  

Freelancers are valued contributors and are onboarded transparently to align with project goals. goals.

7.3. Transparency Reports  

Reports are published quarterly to maintain transparency with stakeholders.  

8. Ethical and Sustainability Policies

8.1. Sustainability in Technology  

CodeBurst commits to delivering energy-efficient Web3 solutions.  

 8.2. Inclusion and Diversity  

The company fosters a diverse and inclusive work environment.  

8.3. Anti-Exploitation Policy  

Freelancers are fairly compensated, and all employees are protected under ethical labor standards.  

9. Dispute Resolution

9.1. Employee and Freelancer Disputes  

Disputes are resolved through an internal arbitration process.  

9.2. Client Disputes  

Client disputes are addressed by the legal team and, if necessary, escalated to external arbitration.  

9.3. Summary

CodeBurst Pty Ltd is committed to being a leader in the Web2 and Web3 software solutions space by leveraging innovation, transparency, and collaboration. Our constitution is designed to promote sustainability, ethical practices, and adaptability in a rapidly evolving technological landscape.

By fostering strong relationships with clients,strong relationships with clients, freelancers, and stakeholders, we ensure our continued growth and success. This document serves as the foundation for our operations, guiding us toward achieving our vision while maintaining compliance with industrial and legal standards.

This constitution is a living document and may be updated as necessary to reflect changes in the company's structure, industry regulations, and technological advancements.

References

Companies Act (Local Legislation): Ensures compliance with corporate governance requirements.

General Data Protection Regulation (GDPR): Guidance for data privacy and security standards.

ISO 27001: Framework for cybersecurity and information security management.

Industry Best Practices for Agile Development: Guides the company's project management methodologies.

Blockchain Compliance Standards: For Web3 projects and token audits.

Freelancer Engagement Policies: Recommendations based on global freelancing platforms.

December 25, 2024

This document represents the final version of the CodeBurst Pty Ltd Constitution as of the date above. Future updates will be made as required to align with the company's evolving needs and external regulations

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