Sweat Equity Agreement Upd -

Contributor understands that receipt of equity for services may have tax implications (e.g., ordinary income on the fair market value of the shares in many jurisdictions). Contributor should consult a tax advisor.

Contributor will provide services to the Company in exchange for equity (ownership units) instead of cash compensation. sweat equity agreement

Either party may terminate this agreement with [X] days’ notice. Upon termination, unvested equity is forfeited. Contributor may keep vested equity. Contributor understands that receipt of equity for services