Sweat Equity Agreement -

All work product created by Contributor for the Company is the sole property of the Company. Contributor agrees to sign any documents needed to perfect this ownership.

Below is a of a typical sweat equity agreement. You would need to customize it for your jurisdiction and specific situation. SWEAT EQUITY AGREEMENT sweat equity agreement

Either party may terminate this agreement with [X] days’ notice. Upon termination, unvested equity is forfeited. Contributor may keep vested equity. All work product created by Contributor for the

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. You would need to customize it for your

Contributor agrees to perform: [description of work, e.g., software development, marketing, business planning, etc.] Estimated time commitment: [hours per week / project milestone dates]

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