Common use of Additional Consideration for the Merger Clause in Contracts

Additional Consideration for the Merger. As additional consideration for the Merger, the M3 Stockholders shall receive on the Effective Date 5,000 shares of the EGPI Series C Preferred Stock as described in Schedule 15(p) attached hereto. It is understood, that the shares of the Series C Preferred Stock are non-convertible and each share of the EGPI Series C Preferred Stock has the voting rights of 21,200 shares of the EGPI Common Stock, which means that in addition to the voting rights conferred by their shares of the EGPI Common Stock, the M3 Stockholders will have additional voting rights of 106,000,000 shares of the EGPI Common Stock. Further, in consideration for its services in connection with this Agreement, Strategic Partners shall receive 2,386,802 shares of the EGPI Common Stock on the Effective Date.