FOUNDER ADVISOR AGREEMENT
Effective 02 May 2024, PARTY_1_NAME with domiciled address at PARTY_1_ADDRESS_SINGLE_LINE (the “Advisor”) and PARTY_2_NAME, a corporation (the “Company”), agree as follows:
1. Services
The Advisor will consult and work with and advise the Company from time to time as further described in Schedule A attached hereto, or as otherwise mutually agreed to by the parties (collectively referred to herein as the “Services”)
2. Consideration
3. Expenses
The Company shall reimburse the Advisor for all expenses incurred by the Advisor pursuant to performing the Services under this Founder Advisor Agreement.
The Adviser agrees to keep an exact record of any and all expenses incurred whilst performing the Services. The Adviser will submit an invoice itemising each expense, along with proof of purchase and receipt. If any expense is over EXPENSES the Adviser agrees to obtain the Company’s written consent before incurring the expense.
4. Term and Termination
This Founder Advisor Agreement shall be effective on 02 May 2024 and shall continue indefinitely until the expressly agreed upon date of the completion of the Services, unless it is earlier terminated in accordance with the terms of this Founder Advisor Agreement.
Either party may terminate this Founder Advisor Agreement at any given time upon five (5) days written notice to the other party without further obligation or liability except for the compensation earned by the Advisor through such date of termination.
5. Independent Contractor
Notwithstanding any provision hereof, for all purposes of this Founder Advisor Agreement, each party shall be and act as an independent contractor and not as a partner, joint venturer, agent or employee of the other and shall not bind nor attempt to bind the other to any contract. Advisor shall not be eligible to participate in any of the Company’s employee benefit plans, fringe benefit programmes, group insurance arrangements or similar programmes.
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