Ontario Sweat Equity Agreement

Offer shares for services provided to your company with this Ontario Sweat Equity Agreement.

• The shares are being offered to an independent contractor who will provide services to the company in exchange for an option to purchase shares.
• The contractor will not be paid any fees for the services but will be reimbursed for pre-approved expenses.
• The share option will vest after the services have been fully performed, provided the contractor is not in default under the agreement.
• Upon purchase of the shares, the contractor agrees to become a party to the company's shareholder agreement.