SDS Governance Framework
1. Purpose
The SDS Token framework exists to:
- Recognise contribution to the selfdriven Services ecosystem
- Enable structured governance participation
- Enable participation in a defined revenue pool
SDS Tokens are internal participation instruments and do not constitute shares, equity, ownership, or debt in selfdriven Pty Ltd.
2. Token Supply
The total authorised SDS Token supply is 100,000.
Tokens may be allocated to:
- Founding contributors
- Service providers
- Strategic contributors
- Future participants
Individual allocations are recorded in the applicable Team Member Agreement or allocation notice.
3. Nature of SDS Tokens
SDS Tokens:
- Do not represent shares under the Corporations Act 2001 (Cth)
- Do not confer director rights
- Do not create partnership
- Do not guarantee profit
SDS Tokens represent:
- Governance participation rights (as defined in Section 5)
- Conditional participation in the SDS Revenue Pool (Section 4)
4. Revenue Participation
Revenue Pool:
selfdriven may allocate up to five percent (5%) of total receipted service revenue to an SDS Revenue Pool.
Distribution Basis:
The SDS Revenue Pool is distributed pro-rata based on SDS Token holdings relative to total issued tokens.
Discretion:
Revenue distributions:
- Are subject to available cash flow
- May be deferred for operational sustainability
- Are not guaranteed
Distribution Timing
Distributions may occur quarterly, annually, or at intervals determined by selfdriven.
Revenue participation may cease if:
- The Team Member disengages
- A material breach occurs
- Governance rules determine removal under defined conditions
5. Governance Participation
SDS Token holders may participate in internal governance matters including:
- Admission of new team members
- Strategic growth decisions
Framework evolution - Policy amendments
Governance mechanisms may include:
- Weighted voting
- Advisory consensus
- Proposal submission rights
Governance participation does not override statutory duties of directors.
6. Allocation & Vesting
Allocation:
SDS Token allocations are specified in the Team Member Agreement or allocation notice.
Vesting:
Unless otherwise specified:
- Tokens vest immediately upon allocation
OR
- Tokens vest according to a defined vesting schedule set out in the Team Member Agreement.
Conditionality:
selfdriven Services may apply good-leaver / bad-leaver provisions as defined in the applicable agreement.
7. Transfer Restrictions
SDS Tokens are non-transferable unless expressly approved in writing by selfdriven Services.
Tokens may not be:
- Sold publicly
Marketed as investments - Used as collateral
- Represented as securities
Without formal restructuring and regulatory compliance.
8. Regulatory Position
The Parties acknowledge that SDS Tokens are intended to operate as internal participation instruments.
If regulatory classification changes, selfdriven may amend this framework to ensure compliance with Australian law.
If required, token rights may be suspended pending regulatory clarification.
9. Modification of Framework
selfdriven may amend this framework for:
- Operational improvement
- Regulatory compliance
- Governance refinement
Material adverse changes to token holder rights require governance approval as defined under Section 5.
10. Suspension or Retirement
selfdriven may suspend, retire, or restructure SDS Tokens if:
- The services model ceases
- Regulatory changes require modification
- Governance resolution determines restructuring
11. No Guarantee of Value
SDS Tokens:
- Do not guarantee financial return
- Do not guarantee ongoing revenue
- May have no market value
- Are not investment products
12. Survival
This Schedule survives termination of the Team Member Agreement unless revoked in accordance with this framework.
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