Advisory Board Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Advisory Board Agreement

This Advisory Board Agreement (the "Agreement") is made and entered into as of {{effective_date}} (the "Effective Date") by and between:

{{company_name}}, a company duly incorporated under the laws of [South Africa/Nigeria/Kenya etc.], with its principal place of business at {{company_address}} (the "Company"); and

{{advisor_name}}, an individual residing at {{advisor_address}} (the "Advisor").

Collectively referred to as the "Parties."

1. Appointment and Term

1.1. The Company hereby appoints the Advisor to its Advisory Board, and the Advisor accepts such appointment.

1.2. The term of this Agreement shall commence on the Effective Date and shall continue for a period of {{term_duration}} (e.g., one year), unless terminated earlier in accordance with the provisions of this Agreement. This Agreement may be renewed upon mutual written consent of both Parties.

2. Role and Responsibilities of the Advisor

2.1. The Advisor shall provide strategic advice, guidance, and expertise to the Company on matters related to {{areas_of_advice_e.g._market_strategy_technology_development_fundraising}}.

2.2. The Advisor shall attend Advisory Board meetings as reasonably requested by the Company, typically {{number_of_meetings_per_period}} meetings per {{period_e.g._quarter_year}}, either in person or virtually.

2.3. The Advisor shall use their best efforts to promote the interests of the Company and maintain confidentiality regarding all Company affairs.

3. Compensation

3.1. In consideration for the services rendered, the Company shall compensate the Advisor as follows:

a. Equity Compensation: The Advisor shall be granted {{number_of_shares_or_percentage}} of the Company's ordinary shares/options, vesting over a period of {{vesting_period_e.g._2_years}} with a {{cliff_period_e.g._1_year}} cliff, subject to the terms of the Company's [Stock Option Plan/Share Incentive Scheme].

b. Cash Retainer: The Advisor shall receive a cash retainer of {{currency}}{{amount_e.g._5000}} per {{period_e.g._quarter_year}}, payable in arrears.

c. Expense Reimbursement: The Company shall reimburse the Advisor for all reasonable and pre-approved out-of-pocket expenses incurred in the performance of their duties, upon submission of valid receipts.

4. Confidentiality

4.1. The Advisor acknowledges that during the course of their service, they will have access to confidential and proprietary information of the Company. The Advisor agrees to keep all such information strictly confidential and not to disclose it to any third party without the prior written consent of the Company.

4.2. This confidentiality obligation shall survive the termination of this Agreement for a period of {{confidentiality_period_e.g._5_years}}.

5. Independent Contractor Status

5.1. The Advisor shall perform their services hereunder as an independent contractor and not as an employee, agent, partner, or joint venture of the Company. The Advisor shall be solely responsible for all taxes and statutory contributions associated with the compensation received hereunder.

6. Termination

6.1. This Agreement may be terminated by either Party upon {{notice_period_e.g._30}} days' written notice to the other Party.

6.2. The Company may terminate this Agreement immediately for cause, including but not limited to, breach of confidentiality, gross misconduct, or material breach of any term of this Agreement by the Advisor.

7. Governing Law and Dispute Resolution

7.1. This Agreement shall be governed by and construed in accordance with the laws of [South Africa/Nigeria/Kenya etc.], without regard to its conflict of laws principles.

7.2. Any dispute arising out of or in connection with this Agreement shall be submitted to mediation in {{city}} and, if unsuccessful, shall be finally resolved by arbitration in accordance with the rules of the [relevant arbitration body, e.g., Arbitration Foundation of Southern Africa (AFSA)].

8. Entire Agreement

8.1. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether written or oral.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Advisory Board Agreement as of the Effective Date.

FOR THE COMPANY:

_____________________________

Name: {{company_signatory_name}}

Title: {{company_signatory_title}}

Date: _______________________

FOR THE ADVISOR:

_____________________________

Name: {{advisor_name}}

Date: _______________________