This Agreement is made and entered into on
BETWEEN:
National Social Media Awards, LLC, a legally formed company (hereinafter referred to as the “Company”),
AND
Eric Zuley, Founder of eZWay Network, located at [Insert Address] (hereinafter referred to as the “Equity Holder”).
1. GRANT OF OWNERSHIP
The Company hereby grants to Eric Zuley a ten percent (10%) equity ownership interest in the National Social Media Awards (the “Ownership Interest”). This Ownership Interest includes, but is not limited to, rights to ten percent (10%) of the Company’s profits, dividends, brand valuation, and equity-based distributions.
2. NON-DILUTION & PROTECTION CLAUSE
Eric Zuley’s equity interest shall be non-dilutable and shall not be reduced or forfeited for any reason without his prior written consent. This includes, but is not limited to, company restructuring, additional issuance of ownership units, changes in board control, or sale of the company.
3. PERMANENCY OF OWNERSHIP
This Ownership Interest is perpetual and irrevocable. Eric Zuley cannot be removed or forced to relinquish his equity under any condition, including but not limited to shareholder disputes, changes in management, company ownership, or any future corporate reorganization.
4. ACKNOWLEDGMENT
Both parties acknowledge that this grant of ownership is given in consideration of Eric Zuley’s ongoing and past contributions to the visibility, success, branding, and strategic growth of the National Social Media Awards and its affiliated ventures.
5. GOVERNING LAW
This Agreement shall be governed and construed in accordance with the laws of the State of [Insert State], without regard to conflict of law principles.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date written above.
Authorized Representative
National Social Media Awards
Date: _____
Eric Zuley
Date: _____
