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Stock options are being set up with corporate counsel. Most of the paperwork will be ready to execute at the next meeting.

The process of unanimous decisions was discussed briefly. The unanimous agreement procedure that we adopted was intended for the adoption of new participants, not for other corporate decisions that the management or the board can make. If the organization gets large, polls of everybody will get too awkward. As we don't expect to bring dozens of people in on the same basis as founders, this may never be a problem.

Editor: John Walker