Noting here that we are amending the proposal after feedback from the ZF and the ZCG committee.
Instead of adding $30,000 for initial legal expenses and formation documents, we will keep the original dollar amounts and milestones how they are - $123,000 total including $5,000 for legal services. With this $5,000 we will form a legal entity in the US and start a relationship with a respectable law firm. For legal and accounting expenses beyond this initial $5,000, we will request that the ZF reserve $100,000 for further legal and compliance expenses. Free2z will draw on this reserve on an itemized basis, as necessary.
Arranging the funding in this way will allow Free2z to establish on solid legal foundations while maintaining the necessary separation from the ZF and ZCG.