Banking Resolution

Authorisation for banking, treasury and payment-processor accounts.

Form Version 1.0.0Summary updated May 30, 2026Executed copy held on file
Plain-English summary. The Banking Resolution authorises HookPilot Caption Studio LLC to open and operate bank, treasury and payment-processor accounts, names who can sign on those accounts, and sets the internal controls — approval thresholds, dual-control wires, monthly reconciliation — that protect customer funds and company cash.

1. Authorised Institutions

The sole member authorises the Company to open and maintain deposit, operating and reserve accounts at federally insured U.S. banks, at qualified non-U.S. institutions for international operations, and at FDIC-insured cash-sweep money market funds for excess balances.

2. Authorised Signers

The founder serves as the initial authorised signer. The founder may add additional officers or contractors as signers, subject to background checks and to the controls in Section 5. The bank's standard signature card and corporate resolution forms are deemed adopted by reference.

3. Payment Processors

The Company is authorised to enter into agreements with payment processors (initially Stripe) for the purpose of collecting SaaS subscription fees, marketplace payouts and Agency-tier billing. The Company may add or change processors as the business requires.

4. Treasury and Deposits

The Company may invest excess operating cash in U.S. Treasury bills, money-market funds composed of government securities, and insured cash-sweep programs. Speculative investments are not authorised without further written resolution.

5. Internal Controls

  • Multi-factor authentication on every banking and processor account.
  • Hardware-key MFA on the primary operating bank account.
  • Dual control on wire transfers above the thresholds in Section 6.
  • Read-only roles for finance reporting tools; no write-back of bank credentials into third-party SaaS.
  • Monthly reconciliation and quarterly review by the founder (and outside accountant when engaged).

6. Limits and Approvals

Wires and ACH originations are subject to the following thresholds (the executed Resolution carries the current numerical values):

  • Routine operational disbursements — single signer.
  • Payroll / contractor batches — single signer, system-controlled vendor list.
  • Non-routine wires above the founder-set threshold — dual control with second-signer approval.
  • New payee setup — out-of-band verification (phone confirmation back to a known number).

7. Audit

All banking and treasury actions feed the corporate finance log. Auditors and counsel can request the underlying transaction-level evidence under NDA.

8. Revocation

This Resolution remains in force until revoked or amended by subsequent written resolution. Banks and processors are entitled to rely on the most recent executed copy provided to them.