Carey Olsen Proposal
Carey Olsen is pleased to submit its proposal as a legal service provider to assist NDC Services Ltd on the terms set out below.
1. Scope of Work
a. Legal Memorandum
A legal memorandum, together with a general Cayman regulatory review will be provided, and will include advice on the following operating activities:
(i) Management of operational budget (multi-sig crypto wallet) funded by NEAR tokens (“NEAR”).
(ii) Potential establishment of a treasury (separate from operational budget) comprised of NEAR.
(iii) Transacting with service providers, contractors, and contributors.
(iv) Transactions payable in fiat, stables, and NEAR.
(v) Swapping between NEAR and stables/fiat via OTC desk, off ramp services and crypto exchange (exchange only if applicable).
(vi) Opening bank accounts (with Financial Admin).
(vii) Issuing grants, bounty payments, and other rewards.
b. Document Review
We will undertake the review of the following documents which have been identified as a priority to review: (i) multi-sig services agreement and (ii) MNDA.
c. Additional Work
We will make ourselves available to assist with additional work, including the review of additional documents and work on other unforeseen items.
2. Pricing
Based on our understanding of the scope of work outlined above, we estimate that our legal fees for assisting with these matters will be approximately US$35,000 over the next three months. This estimate is based on (i) up to US$15,000 for the drafting of the legal memorandum in 1(a) above, (ii) up to $5,000 for review of the identified agreements in 1(b) above, and (iii) $15,000 for additional matters that may arise as detailed in 1(c) above.
If the work involved is greater than currently envisaged under the scope of work above, we reserve the right to review our arrangement.