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This is a simple agreement for the provision of advisory services to an early stage company (including where a company is establishing a formal advisory board).

This template is drafted on the basis that the advisor is to receive shares in the company as compensation for the services provided. It assumes no cash compensation will be paid. Some of the shares may be clawed back by the company if the advisor fails to make the expected contributions over the agreed period, which is usually one or two years.

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