Document:

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (the "Agreement") is made as of September 1st, 2013, between Indoor Harvest, Corp., (the "Company") and Chad C. Sykes (the "Executive").

1. Terms of Employment

(a) Position. Company hereby employs the Executive as Chief Executive Officer, and the Executive accepts such employment with Company subject to the terms and conditions of this Agreement.

(b) Duties. Executive shall have such duties and responsibilities as may be assigned by the Board of Directors not inconsistent with the position.

(c) Dedication. Executive shall devote his full business time and best efforts to the business and affairs of the Company.

(d) Performance. Executive shall faithfully and diligently perform Executive's duties in conformity with the directions of the Company and serve the Company to the best of Executive's abilities.

(e) Permitted Activities. Executive may:

(i)     serve on industry, trade, civic or charitable boards or committees;

(ii)    engage in charitable activities and community affairs; and

(iii)  manage personal investments, as long as such activities do not materially interfere with the performance of Executive's duties and responsibilities.

2. Compensation

(a) Base Salary

(i)       Salary. Executive shall receive a base salary in the amount of $70,000 ("Base Salary").

(ii)      Payment. The Base Salary shall be payable in accordance with the customary payroll practices of the Company, but in no event less frequently than monthly.

(iii)    Adjustments. The Base Salary may be increased, or decreased, from time to time during the term of this Agreement in the sole discretion of the Board of Directors based on the Company's ability to pay.

(b) Incentive Compensation. During the term of employment, the Executive shall be eligible to participate in any equity-based incentive compensation plan or program adopted by the Board of Directors.

3. Expenses

(a) Reimbursement. Company shall pay all reasonable travel, dining and other ordinary, necessary and reasonable business expenses incurred by the Executive in the performance of his duties under this Agreement, subject to budget and/or other limitations or conditions imposed by the Board of Directors.

(b) Substantiation. The Executive shall, as a condition of any such payment or reimbursement, submit verification, substantiation and documentation of the nature and amount of such expenses in accordance with the policies of Company from time to time.

4. Vacation.

(a) Entitlement. The Executive shall be entitled to two weeks (14 Days) of vacation leave each year during the term of this Agreement without any deduction in his compensation, and at such times within each year as the Executive may determine, taking into account Company's schedule and the Executive's duties relative thereto, such vacation leave which shall be forfeited at the end of each year if not fully utilized in that year.

(b) Vacation Benefits upon Termination. Upon the termination or expiration of the Executive's employment by Company under this Agreement, the Executive shall not be entitled to compensation for any unutilized vacation leave.

5. Representations and Warranties.

The Company and the Executive respectively represents and warrants to each other that each respectively is fully authorized and empowered to enter into the Agreement and that their entering into the Agreement and to each parties' knowledge the performance of their respective obligations under the Agreement will not violate any agreement between the Company or the Executive respectively and any other person, firm or organization or any law or governmental regulation.

6. Confidential Information

(a) Obligation. The Executive agrees to maintain the strict confidentiality of all Confidential Information during the term of this Agreement and thereafter.

(b) Scope. For purposes of this Agreement, "Confidential Information" shall mean all information and materials of Company, and all information and materials received by Company from third parties (including but not limited to affiliates, subsidiaries, chapters, and members of Company), which are not generally publicly available and all other information and materials which are of a proprietary or confidential nature, even if they are not marked as such.

(c) Survival. This provision shall survive the termination of this Agreement indefinitely.

7. Intellectual Property

(a) Ownership. Executive agrees that  all copyrights, trademarks, patents, and other intellectual property rights to works or marks arising in from or in connection with the Executive's employment by Company are "work made for hire" within the definition of Section 101 of the Copyright Act (17 U.S.C. 101) and shall remain the sole and exclusive property of Company.

(c) Assignment of Interest. To the extent any work product is not deemed to be a work made for hire within the definition of the Copyright Act, Executive with effect from creation of any and all work product, hereby assigns, and agrees to assign, to Company all right, title and interest in and to such work product, including but not limited to copyright, all rights subsumed thereunder, and all other intellectual property rights, including all extensions and renewals thereof.

(d) Moral Rights. Executive also agrees to waive any and all moral rights relating to the work product, including but not limited to, any and all rights of identification of authorship and any and all rights of approval, restriction or limitation on use, and subsequent modifications.

(e) Assistance. Executive further agrees to provide all assistance reasonably requested by Company, both during and subsequent to the Term of this Agreement, in the establishment, preservation and enforcement of Company's rights in the work product.

(f) Return of Property. Upon the termination of this Agreement, Executive agrees to deliver promptly to Company all printed, electronic, audio-visual, and other tangible manifestations of work product, including all originals and copies thereof.

8. Non-Competition

(a) Restrictions. During the term of this Agreement and for a period of 5 years immediately following the termination of this Agreement, Executive shall not, directly or indirectly, without the prior written consent Company, own, manage, operate, join, control, finance or participate in the ownership, management, operation, control or financing of, or be connected as an officer, director, employee, partner, principal, agent, representative, or consultant of any Entity engaged in the Restricted Business.

(b) Exceptions. Executive shall not be deemed to be in contravention of the foregoing if Employee participates as a passive investor holding up to 1% of the equity securities of an Entity engaged in the Restricted Business, which securities are publicly traded.

9. Non-Solicitation.

During the term of this Agreement and for 5 years after any termination of this Agreement, Executive will not, without the prior written consent of the Company, either directly or indirectly, on Executives' own behalf or in the service or on behalf of others, solicit or attempt to solicit, divert or hire away any person employed by the Company, or any customer of the Company.

10. Non-Disparagement.

(a) Executive Obligation. Executive will not at any time, during or after the Term, disparage, defame or denigrate the reputation, character, image, products or services of the Company, or of any of its Affiliates, or, any of its or its Affiliate s directors, officers, stockholders, members, employees or agents.

(b) Company Obligation. The Company will not, except as may be required by law, issue any official press release or statement which is intended to disparage Executive.

11. Acknowledgement.

Executive expressly acknowledges that the covenants of this Agreement are supported by good and adequate consideration, and that such covenants are reasonable and necessary in terms of duration, scope and geographic area to protect the legitimate business interests of Company.

12. Term of Employment

(a) Initial Term. The term of the Executive's employment under this Agreement shall commence on the Effective Date and continue until September 1st, 2014 (the "Term"), unless his employment is sooner terminated by the Board of Directors.

(b) Automatic Renewal. Commencing on September 1st and on each anniversary of that date thereafter, the Term shall be extended for an additional one year period.

(c) Notice Not to Renew. Either party may give notice of the intention not to extend the Term in writing at least 90 days prior to each such anniversary date.

13. Termination of Employment

(a) Termination Upon Death. This Agreement shall terminate automatically upon the death of the Executive.

(b) Automatic Termination Upon Disability. This Agreement shall terminate automatically upon Total Disability of the Executive.

Total Disability. Total Disability means the Executive is unable to perform the duties set forth in this Agreement for a period of twelve consecutive weeks, or 90 cumulative business days in any 12-month period, as a result of physical or mental illness or loss of legal capacity.

(c) Termination Upon Retirement. The Executive may voluntarily terminate this Agreement at any time by reason of Retirement. 

Retirement. Retirement is the cessation by Executive of all full-time employment of any kind.

(d) Termination by the Company For Cause. The Company shall have the right to terminate Executive's employment under this Agreement at any time for Cause, which termination shall be effective immediately. Termination for "Cause" shall include termination for:

(i)      material breach of this Agreement by Executive;

(ii)    intentional nonperformance or misperformance of such duties, or refusal to abide by or comply with the reasonable directives of his superior officers, or the Corporation's policies and procedures;

(iii)   Executive's gross negligence in the performance of his material duties under this Agreement;

(iv)   Executive's willful dishonesty, fraud or misconduct with respect to the business or affairs of the Corporation, that in the reasonable judgment of the President and/or the Board of Directors materially and adversely affects the Corporation;

(v)     Executive's conviction of, or a plea of nolo contendere to, a felony or other crime involving moral turpitude; or

(vi)   the commission of any act in direct or indirect competition with or materially detrimental to the best interests of Corporation that is in breach of Executive s fiduciary duties of care, loyalty and good faith to Corporation.

Cause will not, however, include any actions or circumstances constituting Cause under (i) or (ii) above if Executive cures such actions or circumstances within 30 days of receipt of written notice from Corporation setting forth the actions or circumstances constituting Cause. In the event Executive's employment under this Agreement is terminated for Cause, Executive shall thereafter have no right to receive compensation or other benefits under this Agreement.

(e) Termination by the Company Without Cause. The Company may, upon a majority vote of the Board of Directors, terminate the Executive's employment under this Agreement without Cause at any time upon 90 days prior written notice to the Executive.

(f) Termination Upon a Change in Control. The Company may, upon change in control, terminate the Executive's employment under this Agreement without Cause at any time upon 90 days prior written notice to the Executive.

(g) Change in Control. For purposes of this Agreement, unless the Board determines otherwise, a Change of Control of the Company shall be deemed to have occurred at such time as:

(i)       any person (as the term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act)) is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of voting securities of the Company representing more than 50% of the Company s outstanding voting securities or rights to acquire such securities except for any voting securities issued or purchased under any employee benefit plan of the Company or its subsidiaries; or

(ii)      any sale, lease, exchange or other transfer (in one transaction or a series of transactions) of all or substantially all of the assets of the Company; or

(iii)    a plan of liquidation of the Company or an agreement for the sale or liquidation of the Company is approved and completed; or

(iv)     the Board determines in its sole discretion that a Change in Control has occurred, whether or not any event described above has occurred or is contemplated.

14. Indemnification. 

The Company shall indemnify the Executive, to the maximum extent permitted by applicable law and by its certificate of incorporation, against all costs, charges and expenses incurred or sustained by the Executive in connection with any action, suit or proceeding to which he may be made a party by reason of being an officer, director or employee of the Company or of any subsidiary or affiliate of the Company or any other corporation for which the Executive serves in good faith as an officer, director, or employee at the Company's request.

15. General Provisions

(a) Entire Agreement. This Agreement constitutes the entire agreement between the parties, and supersedes all prior agreements, representations and understandings of the parties, written or oral.

(b) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement.

(c) Amendment. This Agreement may be amended only by written agreement of the parties.

(d) Notices. All notices permitted or required under this Agreement shall be in writing and shall be delivered in person or mailed by first class, registered or certified mail, postage prepaid, to the address of the party specified in this Agreement or such other address as either party may specify in writing. Such notice shall be deemed to have been given upon receipt.

(e) Assignment. This Agreement shall not be assigned by either party without the consent of the other party.

(f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of laws rules.

(g) No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.

IN WITNESS WHEREOF, this Agreement has been duly executed this 1st day of September, 2013.

	
Indoor Harvest, Corp.

	
 

	
Employee

	
 

	
 

	
By:

	
/s/ Chad Sykes

	
 

	
By:

	
/s/ Chad Sykes

	
Name:

	
Chad Sykes

	
 

	
Name:

	
Chad Sykes

	
Address:

	
14830 Forest Lodge Dr.

	
 

	
Address:

	
14830 Forest Lodge Dr.

	
 

	
Houston, TX 77070

	
 

	
 

	
Houston, TX 77070Advisor to the Board of Directors Agreement

This Advisor agreement (the "Agreement") is entered into the date set forth on the signature page by and between the undersigned company (the "Company") and the undersigned advisor (the "Advisor"). The parties agree as follows:

1.    Services. Advisor agrees to act as a mentor or advisor to the Company and provide advice and assistance to the Company from time to time as further described on Schedule A attached hereto or as otherwise mutually agreed to by the parties (collectively, the "Services").

2.    Compensation. Advisor shall not be entitled to receive cash compensation; however, Advisor shall be entitled to receive the equity compensation indicated on the signature page hereto at an exercise or purchase price equal to the fair market value of the Company's Common Stock, which will be documented in the applicable Stock Option Agreement or Restricted Stock Purchase Agreement to be entered into by Advisor and the Company. The Company will seek written approval or have a meeting of the Board of Directors to authorize the Advisor compensation and deliver definitive stock purchase or option agreements regarding the stock compensation within 90 days from the date of this Agreement. If the Company fails to provide the foregoing documentation within such 90-day period, then the Advisor shall have right to contact directors of the Company and to the extent the Advisor needs to take action to enforce this Agreement, then the Company agrees to pay all Advisor's reasonable expenses in connection therewith.

3.    Expenses. The Company shall reimburse Advisor for reasonable travel and related expenses incurred in the course of performing services hereunder, provided, however, that any expenses shall be approved by the Advisor emailing a request including the nature of the expense and a maximum amount to the company for approval.

4.    Term and Termination. The term of this Agreement shall continue until terminated by either party for any reason upon five (5) days prior written notice without further obligation or liability.

5.    Independent Contractor. Advisor's relationship with the Company will be that of an independent contractor and not that of an employee. Advisor will not be eligible for any employee benefits, nor will the Company make deductions from payments made to Advisor for employment or income taxes, all of which will be Advisor's responsibility. Advisor will have no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.

6.    No Rights Granted. Nothing in this Agreement shall be construed as granting any rights under any patent, copyright or other intellectual property right of the Company, nor shall this Agreement grant Advisor any rights in or to the Company's Confidential Information, except the limited right to use the Confidential Information in connection with the Services.

7.    No Conflicts. Advisor represents that Advisor's compliance with the terms of this Agreement and provision of Services hereunder will not violate any duty which Advisor may have to any other person or entity (such as a present or former employer), and Advisor agrees that Advisor will not do anything in the performance of Services hereunder that would violate any such duty. In addition, Advisor agrees that, during the term of this Agreement, Advisor shall promptly notify the Company in writing of any direct competitor of the Company which Advisor is also performing services. It is understood that in such event, the Company will review whether Advisor's activities are consistent with Advisor remaining as an advisor of the Company.

8.    Miscellaneous. Any term of this Agreement may be amended or waived only with the written consent of the parties. So long as you continue to serve as an advisor to the Company, you hereby consent to the Company including your name on its marketing materials, Web site or private placement memo, or offering materials as an advisor of the Company. This Agreement, including any schedules hereto, constitute the sole agreement of the parties and supersedes all oral negotiations and prior writings with respect to the subject matter hereof. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Texas, without giving effect to the principles of conflict of laws. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

IN WITNESS WHEREOF, each Party hereto has executed this Services Agreement, or caused this Services Agreement to be executed on its behalf by its duly authorized officers, as of the date  12/31/2013

	
Company

	
 

	
Advisor

	
 

	
 

	
By:

	
/s/ Chad Sykes

	
 

	
By:

	
/s/ William Johnson

	
Name:

	
Chad Sykes

	
 

	
Name:

	
William Johnson

	
Address:

	
14830 Forest Lodge Dr.

	
 

	
Address:

	
2195 Western Ave

	
 

	
Houston, TX 77070

	
 

	
 

	
Fairbanks, AK 99709

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

Schedule A:

Advisor Compensation

	
Advisor

 Performance Level

	
Stage

	
Idea Stage

	
Startup Stage

	
Growth Stage

	
Standard

	
____ ____ (0.25%)

	
____ ____ (0.20%)

	
____ ____ (0.15%)

	
Strategic

	
____ ____ (0.50%)

	
____ ____ (0.40%)

	
____ ____ (0.30%)

	
Expert

	
Ccs/wj (1.00%)

	
____ ____ (0.80%)

	
____ ____ (0.60%)

Both parties must initial in one box to designate the Advisor Compensation.

Type of Security:

____ ____ Option to purchase Common Stock or ­

ccs/wj      Restricted Common Stock

Both parties must initial in one box to designate the Type of Security.

Total Number of Shares of Common Stock:

For the purpose of calculating compensation, the Company currently has 6,255,173 shares of common stock outstanding. (A total of 62,552 shall be issued.)

Vesting Period:

All shares (other than the bonus level of shares) shall be issued to adviser without any vesting period.

Schedule A:

Services Based on Performance Level

The Advisor Compensation and Services are determined using the guidelines below.

Standard Performance Level

	
Commitment

	
Services

	
Compensation**

	
Attend quarterly meetings to provide feedback on Company's strategy for at least one hour.

Attend quarterly meetings of the Company's Advisory board.

Provide reasonable response to email requests by Company.

	
Promotion: On top of the regular advice and insights, Advisor agrees to actively promote and make introductions on behalf of the Company through Advisor's overall network of business contacts, including forwarding the Company's business plan and other materials as requested by the Company.

	
Idea Stage is 0.25%

	
Startup Stage is 0.20%

	
Growth Stage is 0.15%

Strategic Performance Level

	
Commitment

	
Services

	
Compensation**

	
Standard Performance plus:

Attend monthly meetings to provide feedback on Company's strategy for at least one hour.

Attend one additional monthly meeting for up to one hour with a potential customer, investor, strategic partner, vendor or employee.

 

	
Standard Performance plus:

Recruiting: Advisor agrees to assist Company in finding additional, potential founding team members and employees through the Advisor's overall network of business contacts.

 

	
Idea Stage is 0.50%

	
Startup Stage is 0.40%

	
Growth Stage is 0.30%

Schedule A:

Expert Performance Level

	
Commitment

	
Services

	
Compensation**

	
Strategic Performance plus:

Twice monthly meetings to provide feedback on Company's strategy for at least two hours each.

	
Strategic Performance plus:

Contacts: Advisor agrees to make introductions to and assist in the acquisition of marquee customers, strategic partners and key industry contacts and attend meetings with such potential customers, partners and key contacts.

Projects: Advisor agrees to assist the Company on at least one strategic project as requested by the Company during the term of this Agreement.

	
Idea Stage is 1.00%

	
Startup Stage is 0.80%

	
Growth Stage is 0.60%

** General Percentages with final numbers indicated on the Signature Page to the Agreement and in the applicable Option or Stock Purchase Agreement.

Schedule A:

Company Stage

The Company Stage is determined using the guidelines below.

	
Stage

	
Characteristics

	
Idea

	
Team: The team consists of only founder(s).

Customers: The company is in discussions with potential customers to determine demand in the market. The pricing/revenue structure has been developed, but needs market validation.

Revenue: The company has no revenue.

Investors: At least one group consisting of the founder(s), their friends or family has invested.

Product: The specifications for a minimum viable product including wireframes and system designs are complete.

	
Startup

	
Team: The team consists of full-time founder(s) and is in the process of hiring initial employees as needed.

Customers: The company has received letters of intent or customer commitments and the market need has been validated.

Revenue: The company may be collecting revenue.

Investors: Investment may have been raised via friends/family or professional investors (angel, venture capital, etc.).

Product: The launch of the minimum viable product is imminent.

	
Growth

	
Team: The team consists of full time founder(s) and is in the process of hiring employees as needed.

Customers: The company has achieved significant traction and user-based growth.

Revenue: The company is collecting revenue.

Investors: Prior investment may have been raised and the founders are prepared to pitch to professional investors if additional capital is needed.

Product: The product has been launched and is periodically refined based on customer feedback.

 

1.    Services. Advisor agrees to act as a mentor or advisor to the Company and provide advice and assistance to the Company from time to time as further described on Schedule A attached hereto or as otherwise mutually agreed to by the parties (collectively, the "Services").

2.    Compensation. Advisor shall not be entitled to receive cash compensation; however, Advisor shall be entitled to receive the equity compensation indicated on the signature page hereto at an exercise or purchase price equal to the fair market value of the Company's Common Stock, which will be documented in the applicable Stock Option Agreement or Restricted Stock Purchase Agreement to be entered into by Advisor and the Company. The Company will seek written approval or have a meeting of the Board of Directors to authorize the Advisor compensation and deliver definitive stock purchase or option agreements regarding the stock compensation within 90 days from the date of this Agreement. If the Company fails to provide the foregoing documentation within such 90-day period, then the Advisor shall have right to contact directors of the Company and to the extent the Advisor needs to take action to enforce this Agreement, then the Company agrees to pay all Advisor's reasonable expenses in connection therewith.

3.    Expenses. The Company shall reimburse Advisor for reasonable travel and related expenses incurred in the course of performing services hereunder, provided, however, that any expenses shall be approved by the Advisor emailing a request including the nature of the expense and a maximum amount to the company for approval.

4.    Term and Termination. The term of this Agreement shall continue until terminated by either party for any reason upon five (5) days prior written notice without further obligation or liability.

5.    Independent Contractor. Advisor's relationship with the Company will be that of an independent contractor and not that of an employee. Advisor will not be eligible for any employee benefits, nor will the Company make deductions from payments made to Advisor for employment or income taxes, all of which will be Advisor's responsibility. Advisor will have no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.

6.    No Rights Granted. Nothing in this Agreement shall be construed as granting any rights under any patent, copyright or other intellectual property right of the Company, nor shall this Agreement grant Advisor any rights in or to the Company's Confidential Information, except the limited right to use the Confidential Information in connection with the Services.

7.    No Conflicts. Advisor represents that Advisor's compliance with the terms of this Agreement and provision of Services hereunder will not violate any duty which Advisor may have to any other person or entity (such as a present or former employer), and Advisor agrees that Advisor will not do anything in the performance of Services hereunder that would violate any such duty. In addition, Advisor agrees that, during the term of this Agreement, Advisor shall promptly notify the Company in writing of any direct competitor of the Company which Advisor is also performing services. It is understood that in such event, the Company will review whether Advisor's activities are consistent with Advisor remaining as an advisor of the Company.

8.    Miscellaneous. Any term of this Agreement may be amended or waived only with the written consent of the parties. So long as you continue to serve as an advisor to the Company, you hereby consent to the Company including your name on its marketing materials, Web site or private placement memo, or offering materials as an advisor of the Company. This Agreement, including any schedules hereto, constitute the sole agreement of the parties and supersedes all oral negotiations and prior writings with respect to the subject matter hereof. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Texas, without giving effect to the principles of conflict of laws. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

IN WITNESS WHEREOF, each Party hereto has executed this Services Agreement, or caused this Services Agreement to be executed on its behalf by its duly authorized officers, as of the date  12/31/2013

	
Company

	
 

	
Advisor

	
 

	
 

	
By:

	
/s/ Chad Sykes

	
 

	
By:

	
/s/ William Johnson

	
Name:

	
Chad Sykes

	
 

	
Name:

	
William Johnson

	
Address:

	
14830 Forest Lodge Dr.

	
 

	
Address:

	
2195 Western Ave

	
 

	
Houston, TX 77070

	
 

	
 

	
Fairbanks, AK 99709

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

Schedule A:

Advisor Compensation

	
Advisor

 Performance Level

	
Stage

	
Idea Stage

	
Startup Stage

	
Growth Stage

	
Standard

	
____ ____ (0.25%)

	
____ ____ (0.20%)

	
____ ____ (0.15%)

	
Strategic

	
____ ____ (0.50%)

	
____ ____ (0.40%)

	
____ ____ (0.30%)

	
Expert

	
Ccs/wj (1.00%)

	
____ ____ (0.80%)

	
____ ____ (0.60%)

Both parties must initial in one box to designate the Advisor Compensation.

Type of Security:

____ ____ Option to purchase Common Stock or ­

ccs/wj      Restricted Common Stock

Both parties must initial in one box to designate the Type of Security.

Total Number of Shares of Common Stock:

For the purpose of calculating compensation, the Company currently has 6,255,173 shares of common stock outstanding. (A total of 62,552 shall be issued.)

Vesting Period:

All shares (other than the bonus level of shares) shall be issued to adviser without any vesting period.

Schedule A:

Services Based on Performance Level

The Advisor Compensation and Services are determined using the guidelines below.

Standard Performance Level

	
Commitment

	
Services

	
Compensation**

	
Attend quarterly meetings to provide feedback on Company's strategy for at least one hour.

Attend quarterly meetings of the Company's Advisory board.

Provide reasonable response to email requests by Company.

	
Promotion: On top of the regular advice and insights, Advisor agrees to actively promote and make introductions on behalf of the Company through Advisor's overall network of business contacts, including forwarding the Company's business plan and other materials as requested by the Company.

	
Idea Stage is 0.25%

	
Startup Stage is 0.20%

	
Growth Stage is 0.15%

Strategic Performance Level

	
Commitment

	
Services

	
Compensation**

	
Standard Performance plus:

Attend monthly meetings to provide feedback on Company's strategy for at least one hour.

Attend one additional monthly meeting for up to one hour with a potential customer, investor, strategic partner, vendor or employee.

 

	
Standard Performance plus:

Recruiting: Advisor agrees to assist Company in finding additional, potential founding team members and employees through the Advisor's overall network of business contacts.

 

	
Idea Stage is 0.50%

	
Startup Stage is 0.40%

	
Growth Stage is 0.30%

Schedule A:

Expert Performance Level

	
Commitment

	
Services

	
Compensation**

	
Strategic Performance plus:

Twice monthly meetings to provide feedback on Company's strategy for at least two hours each.

	
Strategic Performance plus:

Contacts: Advisor agrees to make introductions to and assist in the acquisition of marquee customers, strategic partners and key industry contacts and attend meetings with such potential customers, partners and key contacts.

Projects: Advisor agrees to assist the Company on at least one strategic project as requested by the Company during the term of this Agreement.

	
Idea Stage is 1.00%

	
Startup Stage is 0.80%

	
Growth Stage is 0.60%

** General Percentages with final numbers indicated on the Signature Page to the Agreement and in the applicable Option or Stock Purchase Agreement.

Schedule A:

Company Stage

The Company Stage is determined using the guidelines below.

	
Stage

	
Characteristics

	
Idea

	
Team: The team consists of only founder(s).

Customers: The company is in discussions with potential customers to determine demand in the market. The pricing/revenue structure has been developed, but needs market validation.

Revenue: The company has no revenue.

Investors: At least one group consisting of the founder(s), their friends or family has invested.

Product: The specifications for a minimum viable product including wireframes and system designs are complete.

	
Startup

	
Team: The team consists of full-time founder(s) and is in the process of hiring initial employees as needed.

Customers: The company has received letters of intent or customer commitments and the market need has been validated.

Revenue: The company may be collecting revenue.

Investors: Investment may have been raised via friends/family or professional investors (angel, venture capital, etc.).

Product: The launch of the minimum viable product is imminent.

	
Growth

	
Team: The team consists of full time founder(s) and is in the process of hiring employees as needed.

Customers: The company has achieved significant traction and user-based growth.

Revenue: The company is collecting revenue.

Investors: Prior investment may have been raised and the founders are prepared to pitch to professional investors if additional capital is needed.

Product: The product has been launched and is periodically refined based on customer feedback.

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