Action Plan
Prioritized remediation items for Jeffrey Norton, CLO
Key Contacts
Jeffrey Norton
Chief Legal Officer · [email protected]
Lisa Jacobs
Stradley Ronon · Outside Counsel
Responsible
Jeff Norton / Stradley Ronon (Lisa Jacobs)
Affected Investors
- •Roger Lienhard — $1,000,000 (funded 5/30/2024)
- •Darlene Louise Streit — $510,000 (funded 11/9/2023)
- •Ripple Investments (Tennessee General Partnership) — $250,009 (funded 4/7/2025)
- •Katarzyna Janina Bordier — $250,000 (funded 3/22/2024; corrected docs per Ms. Bordier)
- •JF Partecipazioni LLC (Kissell) — $250,000 (funded 10/24/2023)
- •Nimble Portal – Serviços e Consultoria de Gestão Lda — $249,998 (funded 1/9/2025)
Notes & Guidance
Check with Stradley whether these were documented at closing and the executed copies simply were not provided, or whether the agreements were never fully executed. For Katarzyna Bordier, there is a specific note about corrected subscription documents — the corrected version should be located. For Ripple Investments and Nimble Portal (the two most recent, from 2025), the agreements should be readily available from Stradley's files.
Responsible
Jeff Norton / Stradley Ronon (Lisa Jacobs)
Affected Investors
- •Galahad Capital Management, LLC — Series A-1 Preferred
- •George Sertl — Series A-1 Preferred
- •Portfolio Wealth Global, LLC — Series A-1 Preferred
- •Sergio Von Schmeiling — Series A-1 Preferred
- •Brick NV Holdings, LLC — Series A-1 Preferred
- •Ella Rivkin — Series A-1 Preferred
- •Westerly Ventures, LLC — Series A-1 Preferred
Notes & Guidance
These investors previously had the FTS Tab 01 founding contribution agreement incorrectly mapped to them. That document is a Class A founding agreement, not an A-1 subscription agreement. The correct Series A-1 subscription agreements need to be located from Stradley's closing files.
Responsible
Jeff Norton / Stradley Ronon
Affected Investors
- •KT Lim (Dragasac Limited) — 499,908 units, 1.80% ownership
- •Todd McAllister — 295,224 units, 1.06% ownership
Notes & Guidance
These are likely early advisors or strategic partners who received units without capital contribution. The original issuance basis (service agreement, advisory agreement, IP contribution agreement, or board resolution) needs to be located. If originals cannot be found, new Acknowledgment and Ratification Agreements should be prepared.
Note: This action plan was prepared as part of the Fountain Life Cap Table & Equity Management project. Updated March 2026 following a comprehensive agreement audit that identified 12 corrections to investor-agreement mappings. All uploaded documents are organized in the Google Drive project under the established folder structure. For questions, contact Jeffrey Norton ([email protected]) or Shawn Buchheit ([email protected]).