<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>Solertiae — Proposed Acquisition Agreement</title>
<link href="https://fonts.googleapis.com/css2?family=Hanken+Grotesk:ital,wght@0,300;0,400;0,500;0,600;0,700;1,300;1,400&display=swap" rel="stylesheet">
<style>
*,*::before,*::after{box-sizing:border-box;margin:0;padding:0;}
:root {
--navy: #0f1729;
--navy-mid: #1e2d4a;
--navy-soft: #2d3f5e;
--gold: #c8a96e;
--gold-light: #e8d5aa;
--gold-pale: #f7f0e3;
--cream: #faf8f3;
--warm-white: #ffffff;
--text-dark: #0f1729;
--text-mid: #3a4660;
--text-muted: #6b7a96;
--text-light: #9aa3b5;
--border: #e2ddd4;
--border-warm: #d4c9b0;
}
body {
font-family: 'Hanken Grotesk', sans-serif;
background: var(--cream);
color: var(--text-dark);
font-size: 10.5pt;
line-height: 1.6;
-webkit-font-smoothing: antialiased;
}
.page {
width: 8.5in;
min-height: 11in;
margin: 0 auto;
background: var(--warm-white);
position: relative;
overflow: hidden;
}
/* ── DECORATIVE ELEMENTS ── */
.page::before {
content: '';
position: absolute;
top: 0; left: 0; right: 0;
height: 4px;
background: linear-gradient(90deg, var(--navy) 0%, var(--gold) 50%, var(--navy) 100%);
}
.gold-rule {
height: 1px;
background: linear-gradient(90deg, transparent, var(--gold), transparent);
margin: 0;
border: none;
}
.section-divider {
display: flex;
align-items: center;
gap: 12px;
margin: 0 0 18px;
}
.section-divider::before,
.section-divider::after {
content: '';
flex: 1;
height: 1px;
background: linear-gradient(90deg, transparent, var(--border-warm));
}
.section-divider::after {
background: linear-gradient(90deg, var(--border-warm), transparent);
}
.section-divider span {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 7.5pt;
font-weight: 500;
letter-spacing: 0.14em;
text-transform: uppercase;
color: var(--gold);
white-space: nowrap;
}
/* ── HEADER ── */
.doc-header {
background: var(--navy);
padding: 0.45in 0.6in 0.38in;
position: relative;
overflow: hidden;
}
.doc-header::after {
content: '';
position: absolute;
bottom: 0; left: 0; right: 0;
height: 3px;
background: linear-gradient(90deg, var(--gold) 0%, var(--gold-light) 50%, var(--gold) 100%);
}
.doc-header-inner {
display: grid;
grid-template-columns: 1fr auto;
align-items: flex-end;
gap: 24px;
}
.doc-title {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 36pt;
font-weight: 600;
color: #fff;
letter-spacing: -1.5px;
line-height: 1;
margin-bottom: 6px;
}
.doc-subtitle {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 11pt;
font-weight: 300;
color: var(--gold-light);
letter-spacing: 0.06em;
font-style: normal;
}
.doc-meta {
text-align: right;
}
.doc-badge {
display: inline-block;
border: 1px solid var(--gold);
color: var(--gold);
font-family: 'Hanken Grotesk', sans-serif;
font-size: 7pt;
font-weight: 500;
letter-spacing: 0.16em;
text-transform: uppercase;
padding: 6px 14px;
margin-bottom: 6px;
}
.doc-date {
font-size: 8.5pt;
color: rgba(255,255,255,0.4);
display: block;
}
/* ── CONTENT WRAPPER ── */
.content {
padding: 0.42in 0.6in;
}
/* ── INTRO ── */
.intro-block {
border-left: 3px solid var(--gold);
padding: 14px 18px;
background: var(--gold-pale);
margin-bottom: 28px;
position: relative;
}
.intro-block::before {
content: '\201C';
font-family: 'Hanken Grotesk', sans-serif;
font-size: 48pt;
color: var(--gold);
opacity: 0.25;
position: absolute;
top: -4px;
left: 10px;
line-height: 1;
}
.intro-block p {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 12pt;
font-weight: 400;
color: var(--text-mid);
line-height: 1.65;
padding-left: 20px;
}
/* ── PARTIES ── */
.parties-grid {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 14px;
margin-bottom: 28px;
}
.party-card {
border: 1px solid var(--border);
background: #fff;
padding: 18px 20px;
position: relative;
overflow: hidden;
}
.party-card::before {
content: '';
position: absolute;
top: 0; left: 0; right: 0;
height: 3px;
}
.party-card.buyer::before { background: var(--navy); }
.party-card.seller::before { background: var(--gold); }
.party-label {
font-size: 7pt;
font-weight: 500;
letter-spacing: 0.14em;
text-transform: uppercase;
color: var(--text-light);
margin-bottom: 6px;
}
.party-name {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 13pt;
font-weight: 600;
letter-spacing: -0.2px;
color: var(--text-dark);
margin-bottom: 6px;
line-height: 1.25;
}
.party-desc {
font-size: 9pt;
color: var(--text-muted);
line-height: 1.5;
}
/* ── SECTION HEADERS ── */
.sec-banner {
background: var(--navy);
margin: 0 -0.6in;
padding: 10px 0.6in;
margin-bottom: 16px;
display: flex;
align-items: center;
justify-content: space-between;
}
.sec-banner-title {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 11.5pt;
font-weight: 500;
color: #fff;
letter-spacing: 0.01em;
}
.sec-banner-accent {
width: 32px;
height: 1px;
background: var(--gold);
}
.sec-label-inline {
font-size: 7.5pt;
font-weight: 500;
letter-spacing: 0.13em;
text-transform: uppercase;
color: var(--gold);
margin-bottom: 10px;
display: block;
}
/* ── TERMS TABLE ── */
.terms-wrap {
border: 1px solid var(--border);
overflow: hidden;
margin-bottom: 24px;
}
.terms-table { width: 100%; border-collapse: collapse; }
.terms-table tr { border-bottom: 1px solid var(--border); }
.terms-table tr:last-child { border-bottom: none; }
.terms-table tr:nth-child(even) td { background: #fdfcfb; }
.terms-table td {
padding: 8px 14px;
font-size: 9.5pt;
vertical-align: top;
line-height: 1.45;
}
.terms-table td:first-child {
color: var(--text-muted);
width: 36%;
border-right: 1px solid var(--border);
font-size: 9pt;
}
.terms-table td:last-child {
color: var(--text-dark);
font-weight: 500;
}
.terms-table tr.sub-head td {
background: var(--navy-soft);
color: var(--gold-light);
font-size: 7.5pt;
font-weight: 500;
letter-spacing: 0.1em;
text-transform: uppercase;
padding: 6px 14px;
border-right: none;
border-bottom: none;
}
.terms-table tr.milestone-row td {
background: #fff8ee;
border-top: 1px solid var(--gold-light);
border-bottom: 1px solid var(--gold-light);
}
.terms-table tr.milestone-row td:first-child {
color: var(--gold);
font-weight: 500;
}
/* ── WATERFALL ── */
.waterfall {
background: var(--navy);
padding: 22px 24px;
margin-bottom: 24px;
position: relative;
}
.waterfall::before {
content: '';
position: absolute;
top: 0; left: 0; right: 0;
height: 2px;
background: linear-gradient(90deg, var(--gold), var(--gold-light), var(--gold));
}
.wf-step {
display: flex;
align-items: flex-start;
gap: 14px;
margin-bottom: 12px;
position: relative;
}
.wf-step:last-child { margin-bottom: 0; }
.wf-num {
width: 26px;
height: 26px;
border-radius: 50%;
display: flex;
align-items: center;
justify-content: center;
font-size: 10pt;
font-weight: 500;
flex-shrink: 0;
margin-top: 1px;
}
.wf-num.navy { background: rgba(255,255,255,0.12); color: rgba(255,255,255,0.8); border: 1px solid rgba(255,255,255,0.2); }
.wf-num.gold { background: var(--gold); color: var(--navy); border: none; }
.wf-text {
font-size: 9.5pt;
color: rgba(255,255,255,0.75);
line-height: 1.5;
flex: 1;
padding-top: 3px;
}
.wf-text strong { color: #fff; font-weight: 500; }
.wf-connector {
margin: 2px 0 2px 12px;
width: 1px;
height: 14px;
background: linear-gradient(180deg, rgba(200,169,110,0.5), rgba(200,169,110,0.15));
}
/* ── PAGE FOOTER ── */
.page-footer {
border-top: 1px solid var(--border);
padding: 10px 0.6in;
display: flex;
justify-content: space-between;
align-items: center;
background: #fdfcfb;
}
.footer-text { font-size: 7.5pt; color: var(--text-light); }
/* ── PAGE 2 ── */
.page-break { page-break-before: always; }
.p2-header {
background: var(--navy);
padding: 0.32in 0.6in;
position: relative;
}
.p2-header::after {
content: '';
position: absolute;
bottom: 0; left: 0; right: 0;
height: 3px;
background: linear-gradient(90deg, var(--gold) 0%, var(--gold-light) 50%, var(--gold) 100%);
}
.p2-header-inner {
display: grid;
grid-template-columns: 1fr auto;
align-items: center;
gap: 16px;
}
.p2-title {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 18pt;
font-weight: 600;
letter-spacing: -0.3px;
color: #fff;
line-height: 1.15;
}
.p2-sub {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 10.5pt;
color: var(--gold-light);
font-style: normal;
margin-top: 3px;
}
/* ── BENEFIT PANELS ── */
.benefit-grid {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 1px;
background: var(--border);
margin-bottom: 24px;
border: 1px solid var(--border);
}
.benefit-panel { padding: 20px 22px; }
.benefit-panel.light { background: #fff; }
.benefit-panel.dark { background: var(--navy); }
.benefit-panel-head {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 11.5pt;
font-weight: 700;
margin-bottom: 14px;
padding-bottom: 10px;
}
.benefit-panel.light .benefit-panel-head {
color: var(--text-dark);
border-bottom: 1px solid var(--border);
}
.benefit-panel.dark .benefit-panel-head {
color: var(--gold);
border-bottom: 1px solid rgba(200,169,110,0.25);
}
.benefit-list { list-style: none; padding: 0; }
.benefit-list li {
font-size: 9pt;
padding: 5px 0 5px 16px;
position: relative;
line-height: 1.45;
border-bottom: 1px solid;
}
.benefit-list li:last-child { border-bottom: none; }
.benefit-panel.light .benefit-list li { color: var(--text-mid); border-color: #f0ede8; }
.benefit-panel.dark .benefit-list li { color: rgba(255,255,255,0.65); border-color: rgba(255,255,255,0.06); }
.benefit-list li::before {
content: '';
position: absolute;
left: 3px;
top: 11px;
width: 6px;
height: 6px;
border-radius: 50%;
}
.benefit-panel.light .benefit-list li::before { background: var(--gold); }
.benefit-panel.dark .benefit-list li::before { background: rgba(200,169,110,0.6); }
/* ── TRANSITION / CONDITIONS ── */
.two-col { display: grid; grid-template-columns: 1fr 1fr; gap: 16px; margin-bottom: 24px; }
.commit-list { list-style: none; padding: 0; }
.commit-list li {
font-size: 9pt;
padding: 7px 0 7px 0;
display: flex;
gap: 10px;
align-items: flex-start;
border-bottom: 1px solid var(--border);
line-height: 1.45;
color: var(--text-mid);
}
.commit-list li:last-child { border-bottom: none; }
.commit-list li .bullet {
width: 20px;
height: 20px;
border-radius: 50%;
background: var(--gold-pale);
border: 1px solid var(--gold-light);
display: flex;
align-items: center;
justify-content: center;
flex-shrink: 0;
margin-top: 1px;
}
.commit-list li .bullet svg {
width: 8px;
height: 8px;
fill: none;
stroke: var(--gold);
stroke-width: 2.5;
stroke-linecap: round;
stroke-linejoin: round;
}
.cond-list { counter-reset: cond; list-style: none; padding: 0; }
.cond-list li {
counter-increment: cond;
display: flex;
gap: 10px;
padding: 7px 0;
border-bottom: 1px solid var(--border);
font-size: 9pt;
color: var(--text-mid);
line-height: 1.45;
}
.cond-list li:last-child { border-bottom: none; }
.cond-list li::before {
content: counter(cond);
width: 20px;
height: 20px;
border-radius: 50%;
background: var(--navy);
color: rgba(255,255,255,0.85);
font-size: 8pt;
font-weight: 500;
display: flex;
align-items: center;
justify-content: center;
flex-shrink: 0;
margin-top: 1px;
}
.cond-list li strong { color: var(--text-dark); font-weight: 500; }
/* ── TIMELINE / PATH FORWARD ── */
.timeline-wrap {
background: var(--gold-pale);
border: 1px solid var(--gold-light);
padding: 20px 22px;
margin-bottom: 24px;
}
.timeline-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 14px; }
.tl-item {
padding: 12px 14px;
background: #fff;
border: 1px solid var(--border);
border-left: 3px solid;
position: relative;
}
.tl-item:nth-child(1) { border-left-color: var(--navy-soft); }
.tl-item:nth-child(2) { border-left-color: var(--gold); }
.tl-item:nth-child(3) { border-left-color: var(--navy); }
.tl-item:nth-child(4) { border-left-color: var(--gold); background: #fff8ee; border-color: var(--gold-light); }
.tl-label {
font-size: 7pt;
font-weight: 500;
letter-spacing: 0.12em;
text-transform: uppercase;
color: var(--text-light);
margin-bottom: 5px;
}
.tl-text {
font-size: 9pt;
color: var(--text-mid);
line-height: 1.5;
}
.tl-text strong { color: var(--text-dark); font-weight: 500; }
/* ── CHART SECTION ── */
.chart-wrap {
background: #fff;
border: 1px solid var(--border);
padding: 20px 22px 14px;
margin-bottom: 24px;
}
.chart-scenarios {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 12px;
margin-bottom: 14px;
}
.scenario-card {
padding: 10px 14px;
border: 1px solid var(--border);
border-top: 2px solid;
}
.scenario-card.base { border-top-color: var(--navy); }
.scenario-card.opt { border-top-color: var(--gold); }
.scenario-title {
font-size: 7.5pt;
font-weight: 500;
letter-spacing: 0.1em;
text-transform: uppercase;
color: var(--text-light);
margin-bottom: 3px;
}
.scenario-result {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 11pt;
font-weight: 600;
letter-spacing: -0.2px;
color: var(--text-dark);
margin-bottom: 3px;
}
.scenario-desc { font-size: 8.5pt; color: var(--text-muted); line-height: 1.4; }
.chart-legend {
display: flex;
gap: 16px;
flex-wrap: wrap;
margin-top: 8px;
justify-content: center;
}
.legend-item {
display: flex;
align-items: center;
gap: 5px;
font-size: 8pt;
color: var(--text-muted);
}
.legend-sq { width: 11px; height: 11px; border-radius: 2px; flex-shrink: 0; }
.legend-dash { width: 16px; border-top-width: 2px; border-top-style: dashed; flex-shrink: 0; }
/* ── SIGNATURE ── */
.sig-section {
border: 1px solid var(--border);
overflow: hidden;
margin-bottom: 0;
}
.sig-header {
background: var(--navy);
padding: 10px 20px;
display: flex;
justify-content: space-between;
align-items: center;
}
.sig-header-text {
font-family: 'Hanken Grotesk', sans-serif;
font-size: 11pt;
font-weight: 600;
letter-spacing: -0.2px;
color: #fff;
font-weight: 400;
}
.sig-header-note {
font-size: 8pt;
color: rgba(255,255,255,0.4);
font-style: normal;
}
.sig-body {
display: grid;
grid-template-columns: 1fr 1fr;
}
.sig-block {
padding: 20px 24px;
}
.sig-block:first-child {
border-right: 1px solid var(--border);
}
.sig-party-label {
font-size: 7.5pt;
font-weight: 500;
letter-spacing: 0.12em;
text-transform: uppercase;
color: var(--text-light);
margin-bottom: 14px;
}
.sig-line-wrap { margin-bottom: 14px; }
.sig-line {
border-bottom: 1px solid var(--text-dark);
height: 30px;
margin-bottom: 4px;
}
.sig-line-label { font-size: 8pt; color: var(--text-light); }
.sig-disclaimer {
background: #fdfcfb;
border-top: 1px solid var(--border);
padding: 10px 20px;
text-align: center;
font-size: 7.5pt;
color: var(--text-light);
font-style: normal;
}
@media print {
body { background: #fff; }
.page { box-shadow: none; }
}
</style>
</head>
<body>
<!-- ══════════════════════════════════════ PAGE 1 ══════════════════════════════════════ -->
<div class="page">
<div class="doc-header">
<div class="doc-header-inner">
<div>
<div class="doc-title">Solertiae</div>
<div class="doc-subtitle">Proposed Acquisition — Ownership Transition Agreement</div>
</div>
<div class="doc-meta">
<div class="doc-badge">Proposed Deal Terms</div>
<span class="doc-date">April 2026 · Confidential</span>
</div>
</div>
</div>
<div class="content">
<div class="intro-block">
<p>This document presents a proposed acquisition of Solertiae, LLC structured to protect the mission, the team, and the client relationships TEAM has built — while providing Solertiae with the operational leadership and long-term investment needed to reach its full potential. The structure is designed so that both parties succeed together: TEAM achieves a responsible exit on favorable terms, and Solertiae gains the focused stewardship required to grow.</p>
</div>
<div class="section-divider"><span>Parties to the agreement</span></div>
<div class="parties-grid">
<div class="party-card buyer">
<div class="party-label">Buyer</div>
<div class="party-name">PRPL Pineapple, LLC</div>
<div class="party-desc">An Indiana-based entity led by Kaylin and Jay Cordova, operators with experience across technology, organizational development, and professional services. Committed to faith-aligned mission stewardship and long-term organizational growth with a focus on sale and succession planning.</div>
</div>
<div class="party-card seller">
<div class="party-label">Seller</div>
<div class="party-name">The Evangelical Alliance Mission (TEAM)</div>
<div class="party-desc">Current owner of Solertiae, LLC. Seeking a responsible transition that preserves the Company's mission, protects its client relationships, and provides ongoing participation in the value created under new ownership.</div>
</div>
</div>
<div class="section-divider"><span>Proposed deal terms</span></div>
<div class="terms-wrap">
<table class="terms-table">
<tr class="sub-head"><td colspan="2">Ownership & Closing</td></tr>
<tr><td>Ownership transferred</td><td>100% of Solertiae, LLC membership interests to Buyer at closing</td></tr>
<tr><td>Cash due at closing</td><td>$0 — no cash consideration required from Buyer at close</td></tr>
<tr><td>Target closing date</td><td>On or before May 31, 2026</td></tr>
<tr class="sub-head"><td colspan="2">Purchase Price & Payments</td></tr>
<tr><td>Total purchase price</td><td>$300,000</td></tr>
<tr><td>Payment structure</td><td>Deferred, profit-linked — paid from Company earnings only</td></tr>
<tr><td>Annual seller payment</td><td>25% of annual net profit, remitted within 60 days of each year-end</td></tr>
<tr><td>Payment conditions</td><td>No payments due in Years 1 or 2; from Year 3 onward, payments are made only in years where positive net profit is achieved</td></tr>
<tr><td>Obligation term</td><td>Payments continue annually until the full $300,000 purchase price is paid in full, subject to the Year 5 profitability milestone below</td></tr>
<tr class="milestone-row"><td>Year 5 profitability milestone</td><td>If the Company has not achieved positive net profit by the end of Year 5, the full remaining purchase price obligation is forgiven and all payment obligations are permanently extinguished</td></tr>
<tr><td>Final payment</td><td>If the Company reaches full profitability, the final payment will be adjusted to the exact remaining balance, completing the $300,000 obligation in full</td></tr>
<tr class="sub-head"><td colspan="2">Definition of Net Profit</td></tr>
<tr><td>Net profit defined as</td><td>Net operating income after all operating expenses including COGS, payroll, benefits, software, contractors, legal, insurance, and Buyer management fee</td></tr>
<tr><td>Buyer management fee</td><td>$120,000 per year ($10,000/month), deducted as an operating expense prior to profit calculation</td></tr>
<tr class="sub-head"><td colspan="2">Reporting & Transparency</td></tr>
<tr><td>Annual financial reporting</td><td>Buyer provides Seller unaudited annual financials within 60 days of each year-end</td></tr>
<tr><td>Audit rights</td><td>Seller may review Company books once per year with 30 days written notice to verify profit calculation</td></tr>
</table>
</div>
<div class="section-divider"><span>How profits flow — payment priority</span></div>
<div class="waterfall">
<div class="wf-step">
<div class="wf-num navy">1</div>
<div class="wf-text"><strong>Revenue collected</strong> from all client subscriptions, onboarding fees, and services</div>
</div>
<div class="wf-connector"></div>
<div class="wf-step">
<div class="wf-num navy">2</div>
<div class="wf-text"><strong>All operating expenses paid</strong> — payroll, software, COGS, contractors, insurance, legal</div>
</div>
<div class="wf-connector"></div>
<div class="wf-step">
<div class="wf-num navy">3</div>
<div class="wf-text"><strong>Buyer management fee</strong> — $10,000/month, compensating the operating leadership of the business</div>
</div>
<div class="wf-connector"></div>
<div class="wf-step">
<div class="wf-num gold">4</div>
<div class="wf-text"><strong>Net profit calculated</strong> — 25% flows to Seller annually until the full $300,000 purchase price is satisfied; remaining 75% retained by the Company for reinvestment and growth. If no net profit is achieved by end of Year 5, all remaining obligations are forgiven in full</div>
</div>
</div>
</div>
<div class="page-footer">
<span class="footer-text">Solertiae, LLC · Proposed Acquisition Terms · April 2026</span>
<span class="footer-text">Confidential — for decision-maker review</span>
</div>
</div>
<!-- ══════════════════════════════════════ PAGE 2 ══════════════════════════════════════ -->
<div class="page page-break">
<div class="p2-header">
<div class="p2-header-inner">
<div>
<div class="p2-title">Why This Structure Works for Both Parties</div>
<div class="p2-sub">Mutual benefit, mission continuity, and a clear path forward</div>
</div>
<div class="doc-meta">
<div class="doc-badge">Page 2 of 2</div>
<span class="doc-date">Confidential · April 2026</span>
</div>
</div>
</div>
<div class="content">
<div class="benefit-grid">
<div class="benefit-panel light">
<div class="benefit-panel-head">What TEAM receives</div>
<ul class="benefit-list">
<li>A responsible exit that protects the mission and the client relationships built over five years</li>
<li>Ongoing financial participation — 25% of annual net profits as the business grows, with no further operational obligation</li>
<li>Transparency through annual financial reporting and audit rights — full visibility into how the Company performs</li>
<li>A buyer committed to mission alignment and service to existing and future clients</li>
<li>Clean separation from operating losses — no capital contributions required from TEAM without service exchanges</li>
<li>Defined risk protection — if the Company has not reached profitability by Year 5, all remaining payment obligations are fully forgiven, providing a clear and finite exit regardless of outcome</li>
<li>Strong path to full recovery — if the business reaches profitability as projected, payments of 25% of annual net profit continue until the full $300,000 is received</li>
</ul>
</div>
<div class="benefit-panel dark">
<div class="benefit-panel-head">What Solertiae receives</div>
<ul class="benefit-list">
<li>Dedicated operational leadership with full-time focus on growth, client success, and product delivery</li>
<li>Elimination of the structural deficit — a committed operator with incentive to reach profitability efficiently</li>
<li>Strategic alignment with an operator experienced in technology services and organizational development — potential to broaden the value delivered to ministry clients</li>
<li>Stability for the team — ownership transition handled professionally with no disruption to staff or clients</li>
<li>A growth-oriented environment where the recurring revenue model can be scaled intentionally</li>
<li>Continuity of mission — serving churches, nonprofits, and missions agencies remains the core purpose</li>
</ul>
</div>
</div>
<div class="two-col">
<div>
<div class="section-divider"><span>Transition commitments from TEAM</span></div>
<ul class="commit-list">
<li><div class="bullet"><svg viewBox="0 0 10 10"><polyline points="2,5 4.5,7.5 8,2.5"/></svg></div><div><strong style="color:var(--text-dark);font-weight:500;">Six-month transition support</strong> — named contacts, defined deliverables, and knowledge transfer schedule to ensure seamless continuity for clients and staff</div></li>
<li><div class="bullet"><svg viewBox="0 0 10 10"><polyline points="2,5 4.5,7.5 8,2.5"/></svg></div><div><strong style="color:var(--text-dark);font-weight:500;">Client endorsement letter</strong> — a co-branded communication to all active clients affirming the transition and expressing confidence in the Company's leadership and mission under new ownership</div></li>
<li><div class="bullet"><svg viewBox="0 0 10 10"><polyline points="2,5 4.5,7.5 8,2.5"/></svg></div><div><strong style="color:var(--text-dark);font-weight:500;">Introduction rights</strong> — Buyer may reference TEAM's endorsement in new client outreach for twenty-four months following closing</div></li>
<li><div class="bullet"><svg viewBox="0 0 10 10"><polyline points="2,5 4.5,7.5 8,2.5"/></svg></div><div><strong style="color:var(--text-dark);font-weight:500;">Accrued payroll settled</strong> — all payroll liabilities as of the closing date resolved by Seller prior to transfer</div></li>
<li><div class="bullet"><svg viewBox="0 0 10 10"><polyline points="2,5 4.5,7.5 8,2.5"/></svg></div><div><strong style="color:var(--text-dark);font-weight:500;">Clean title</strong> — membership interests delivered free of all liens, encumbrances, or third-party claims</div></li>
</ul>
</div>
<div>
<div class="section-divider"><span>Closing conditions</span></div>
<ol class="cond-list">
<li><div><strong>Send US written confirmation</strong> of continued service agreement under new ownership</div></li>
<li><div><strong>Accrued payroll</strong> fully settled by Seller at or before closing</div></li>
<li><div><strong>Transition Support Agreement</strong> executed — six-month minimum with named contacts and defined deliverables</div></li>
<li><div><strong>Endorsement letter</strong> drafted, reviewed, and approved by both parties prior to closing</div></li>
<li><div><strong>Key employee agreements</strong> — retention arrangements in place for essential delivery staff</div></li>
<li><div><strong>Intellectual property assignment</strong> — all code, configurations, platform integrations, customer data, and product IP (including Mission Essentials, Salesforce orgs, Microsoft tenant configurations, Duda accounts, and any custom development) shall be explicitly enumerated and assigned to PRPL Pineapple, LLC at closing</div></li>
<li><div><strong>Client contract assignability</strong> — all active client service contracts shall be reviewed for change-of-control or assignment clauses; where client consent is required for transfer, such consent shall be obtained prior to closing</div></li>
<li><div><strong>Definitive Asset Purchase Agreement</strong> executed by both parties</div></li>
<li><div><strong>TEAM MSP contract retention</strong> — TEAM's existing managed service provider contract shall remain in effect through December 31, 2026, unless TEAM elects to expand its engagement with PRPL Pineapple, LLC prior to that date</div></li>
</ol>
</div>
</div>
<div class="section-divider"><span>Shared path forward — what success looks like</span></div>
<div class="timeline-wrap">
<div class="timeline-grid">
<div class="tl-item">
<div class="tl-label">Near-term · Year 1</div>
<div class="tl-text"><strong>Stabilize operations,</strong> retain all 42 active clients, and close warm pipeline opportunities — including Power to Change, Reformed Presbyterian Global Missions, and Shepherd's Staff — to grow the recurring revenue base</div>
</div>
<div class="tl-item">
<div class="tl-label">Medium-term · Years 2–3</div>
<div class="tl-text"><strong>Execute a focused go-to-market strategy</strong> around digital transformation services for ministry clients — helping organizations modernize their donor engagement, communications, and operational systems — while expanding the referral partner ecosystem and reaching operational profitability, triggering the first Seller profit-share payments</div>
</div>
<div class="tl-item">
<div class="tl-label">Long-term · Years 4 onward</div>
<div class="tl-text"><strong>Continue growing</strong> monthly and annual recurring revenue through expanded client relationships and new market development, with Seller receiving 25% of annual net profit each year until the full $300,000 is paid</div>
</div>
<div class="tl-item">
<div class="tl-label">At full payment · Completion</div>
<div class="tl-text">Once the $300,000 is paid in full, all obligations conclude and <strong>TEAM's investment is fully honored.</strong> In the event the Company has not achieved profitability by end of Year 5, all remaining obligations are permanently forgiven — providing both parties a clean, certain resolution</div>
</div>
</div>
</div>
<div class="section-divider"><span>Projected seller payments — 25% of net profit until $300,000 is paid in full</span></div>
<div class="chart-wrap">
<div class="chart-scenarios">
<div class="scenario-card base">
<div class="scenario-title">Base scenario</div>
<div class="scenario-result">Paid in full · Year 8</div>
<div class="scenario-desc">Steady growth from $290K ARR. Payments begin Year 3, reaching full $300,000 in Year 8 with a final adjusted payment.</div>
</div>
<div class="scenario-card opt">
<div class="scenario-title">Optimistic scenario</div>
<div class="scenario-result">Paid in full · Year 7</div>
<div class="scenario-desc">Pipeline converts early, accelerating profit growth. 25% payments reach full $300,000 by Year 7 with a final adjusted payment.</div>
</div>
</div>
<div style="position:relative;width:100%;height:175px;">
<canvas id="paymentChart" role="img" aria-label="Bar and line chart showing seller payments over 8 years. Years 1-2 deferred. Base reaches $300K in Year 8, optimistic in Year 7.">Base cumulative reaches $300K in Year 8. Optimistic cumulative reaches $300K in Year 7.</canvas>
</div>
<div class="chart-legend">
<span class="legend-item"><span class="legend-sq" style="background:rgba(15,23,41,0.82);"></span>Base annual payment</span>
<span class="legend-item"><span class="legend-sq" style="background:rgba(200,169,110,0.82);"></span>Optimistic annual payment</span>
<span class="legend-item"><span class="legend-dash" style="border-top-color:#0f1729;"></span>Base cumulative</span>
<span class="legend-item"><span class="legend-dash" style="border-top-color:#c8a96e;"></span>Optimistic cumulative</span>
<span class="legend-item"><span class="legend-dash" style="border-top-color:rgba(180,30,30,0.5);"></span>$300K purchase price</span>
</div>
<p style="font-size:7.5pt;color:var(--text-light);margin-top:8px;text-align:center;">Years 1–2: deferral, no payments due. · 25% of annual net profit from Year 3 onward, in profitable years only. · Payments continue until $300,000 is received, or obligations are forgiven if profitability is not achieved by Year 5. Projections are illustrative; actual payments depend on Company performance.</p>
</div>
<div class="section-divider"><span>Indication of intent</span></div>
<p style="font-size:9.5pt;color:var(--text-muted);margin-bottom:16px;line-height:1.6;">The parties indicate their intent to proceed with the Transaction on the terms described in this document, subject to the negotiation and execution of a definitive Purchase Agreement. This document is non-binding except where indicated in the formal Letter of Intent.</p>
<div class="sig-section">
<div class="sig-header">
<span class="sig-header-text">Signatures</span>
<span class="sig-header-note">Subject to definitive agreement and legal review by both parties</span>
</div>
<div class="sig-body">
<div class="sig-block">
<div class="sig-party-label">Buyer — PRPL Pineapple, LLC</div>
<div class="sig-line-wrap"><div class="sig-line"></div><div class="sig-line-label">Signature</div></div>
<div class="sig-line-wrap"><div class="sig-line"></div><div class="sig-line-label">Printed name & title</div></div>
<div class="sig-line-wrap" style="margin-bottom:0;"><div class="sig-line"></div><div class="sig-line-label">Date</div></div>
</div>
<div class="sig-block">
<div class="sig-party-label">Seller — The Evangelical Alliance Mission (TEAM)</div>
<div class="sig-line-wrap"><div class="sig-line"></div><div class="sig-line-label">Signature</div></div>
<div class="sig-line-wrap"><div class="sig-line"></div><div class="sig-line-label">Printed name & title</div></div>
<div class="sig-line-wrap" style="margin-bottom:0;"><div class="sig-line"></div><div class="sig-line-label">Date</div></div>
</div>
</div>
<div class="sig-disclaimer">This document is not a binding commitment. Parties are advised to seek independent legal counsel prior to execution.</div>
</div>
</div>
<div class="page-footer" style="margin-top:14px;">
<span class="footer-text">Solertiae, LLC · solertiae.com · Proposed acquisition terms — subject to definitive agreement and legal review</span>
<span class="footer-text">Confidential — for decision-maker review only</span>
</div>
</div>
<script src="https://cdnjs.cloudflare.com/ajax/libs/Chart.js/4.4.1/chart.umd.js"></script>
<script>
const PRICE = 300000;
const baseRaw = [0,0,12500,35000,52500,67500,80000,92500];
const optRaw = [0,0,25000,50000,72500,87500,100000,0];
function trim(raw) {
let r=0; return raw.map(v=>{const p=Math.max(0,Math.min(v,PRICE-r));r+=p;return p;});
}
const bA=trim(baseRaw), oA=trim(optRaw);
let bd=false,od=false,br=0,or2=0;
const bD=bA.map(v=>{if(bd)return null;br+=v;if(br>=PRICE)bd=true;return v;});
const oD=oA.map(v=>{if(od)return null;or2+=v;if(or2>=PRICE)od=true;return v;});
const bC=bA.map((v,i,a)=>Math.min(a.slice(0,i+1).reduce((s,x)=>s+x,0),PRICE));
const oC=oA.map((v,i,a)=>Math.min(a.slice(0,i+1).reduce((s,x)=>s+x,0),PRICE));
const noPayZone = {
id:'npz',
beforeDraw(c){
const {ctx,chartArea:ca,scales:s}=c;
if(!ca)return;
const x2=s.x.getPixelForValue(1)+(s.x.getPixelForValue(1)-s.x.getPixelForValue(0))*0.52;
ctx.save();
ctx.fillStyle='rgba(200,169,110,0.08)';
ctx.fillRect(ca.left,ca.top,x2-ca.left,ca.bottom-ca.top);
ctx.font='600 8px sans-serif';ctx.fillStyle='#c8a96e';ctx.textAlign='center';
ctx.fillText('DEFERRAL',(ca.left+x2)/2,ca.top+11);
ctx.restore();
}
};
new Chart(document.getElementById('paymentChart'),{
plugins:[noPayZone],
data:{
labels:['Yr 1\n2026','Yr 2\n2027','Yr 3\n2028','Yr 4\n2029','Yr 5\n2030','Yr 6\n2031','Yr 7\n2032','Yr 8\n2033'],
datasets:[
{type:'bar',data:bD,backgroundColor:bD.map((_,i)=>i<2?'rgba(15,23,41,0.12)':'rgba(15,23,41,0.82)'),borderRadius:3,yAxisID:'y',order:2,label:'Base annual'},
{type:'bar',data:oD,backgroundColor:oD.map((_,i)=>i<2?'rgba(200,169,110,0.12)':'rgba(200,169,110,0.82)'),borderRadius:3,yAxisID:'y',order:2,label:'Optimistic annual'},
{type:'line',data:bC,borderColor:'#0f1729',borderDash:[4,3],borderWidth:2,pointRadius:3,pointBackgroundColor:'#0f1729',fill:false,yAxisID:'y2',order:1,tension:0.2,spanGaps:true,label:'Base cumulative'},
{type:'line',data:oC,borderColor:'#c8a96e',borderDash:[4,3],borderWidth:2,pointRadius:3,pointBackgroundColor:'#c8a96e',fill:false,yAxisID:'y2',order:1,tension:0.2,spanGaps:true,label:'Optimistic cumulative'},
{type:'line',data:new Array(8).fill(PRICE),borderColor:'rgba(180,30,30,0.4)',borderDash:[6,4],borderWidth:1.5,pointRadius:0,fill:false,yAxisID:'y2',order:0,label:'$300K'}
]
},
options:{
responsive:true,maintainAspectRatio:false,
interaction:{mode:'index',intersect:false},
plugins:{
legend:{display:false},
tooltip:{callbacks:{
label:c=>{if(c.parsed.y===null)return null;if(c.dataset.label==='$300K')return ' Purchase price: $300,000';return ' '+c.dataset.label+': $'+c.parsed.y.toLocaleString();},
afterBody:i=>i[0]?.dataIndex<2?[' ↳ Deferral period']:[]
}}
},
scales:{
x:{ticks:{font:{size:8.5},color:'#9aa3b5'},grid:{display:false}},
y:{position:'left',title:{display:true,text:'Annual payment',font:{size:8},color:'#9aa3b5'},ticks:{font:{size:8.5},color:'#9aa3b5',callback:v=>'$'+(v/1000)+'K'},grid:{color:'rgba(0,0,0,0.05)'},max:120000},
y2:{position:'right',title:{display:true,text:'Cumulative total',font:{size:8},color:'#9aa3b5'},ticks:{font:{size:8.5},color:'#9aa3b5',callback:v=>'$'+(v/1000)+'K'},grid:{display:false},max:330000}
}
}
});
</script>
</body>
</html>
