WWPS Venture

The Opportunity

Through Kevin Klein's referral, we have collectively won a contract to supply 8 data engineers to WWPS (a Cummings-Group subsidiary) for their Intel data center build. This is a high-value, relationship-driven win that is already under contract.

The Master Services Agreement has been executed with Innovolv Inc. — Darren's California C-Corporation — which carries approximately $750K in Net Operating Losses to offset early US profits.

The Team

How It Works

• WWPS contracts with Innovolv (US entity required for insurance/compliance)
• Innovolv pre-funds Triple for SA payroll — engineers paid on time regardless of client payment terms
• Triple employs the engineers under South African law (PAYE, UIF, compliance)
• Ilan invoices Innovolv directly as an independent contractor

Key Protections

• Profit Sharing Agreement — a legally binding contract between all four partners, enforceable regardless of entity structure. No equity relationship required — the contractual commitment protects everyone equally
• Reserve-first distribution — 3–4 months payroll built before any profit distributions
• Conversion Clause — binding commitment to formalize equity if revenue exceeds threshold or 3 of 4 partners vote to do so
• SOW-level governance — each new engagement is an addendum with its own split, adjustable by contribution
• Insurance — GL, E&O, and Cyber liability to be bound before work commences
• Intercompany agreement — arm's length contract between Innovolv and Triple (IRS compliant)

Next Steps