Common use of Compensation and Fees Clause in Contracts

Compensation and Fees. As consideration for Consultant entering into this Agreement, Client and Consultant shall agree that the Client shall issue certificates representing an aggregate of fifty thousand (50,000) shares of common stock (the "Shares"). The shares issued to the Consultant on the date hereof shall have the status of "restricted" securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. These shares are non- cancelable and shall have piggyback registration rights upon the first SEC registration filed by the Client. The Shares, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances. Securities shall be issued to Consultant in accordance with a mutually acceptable plan of issuance as to relieve securities or Consultant from restrictions upon transferability of shares in compliance with applicable registration provisions or exemptions.

Appears in 3 contracts

Samples: Financial Consulting Services Agreement (Media & Entertainment Com Inc), Financial Consulting Services Agreement (Blue Star Coffee Inc), Financial Consulting Services Agreement (Media & Entertainment Com Inc)

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Compensation and Fees. As consideration for Consultant entering into this Agreement, Client and Consultant shall agree that the Client shall issue certificates representing an aggregate of fifty thousand (50,000) 1,350,000 shares of common stock (the "Shares"). The shares issued to the Consultant on the date hereof shall have the status of "restricted" securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. These shares are non- non-cancelable and shall have piggyback registration rights upon the first SEC registration filed by the Client. The Shares, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances. Securities shall be issued to Consultant in accordance with a mutually acceptable plan of issuance as to relieve securities or Consultant from restrictions upon transferability of shares in compliance with applicable registration provisions or exemptions.

Appears in 2 contracts

Samples: Services Agreement (Prestige Jewelry Inc), Services Agreement (Prestige Jewelry Inc)

Compensation and Fees. As consideration for Consultant entering into this Agreement, Client and Consultant shall agree that to the following: A. Client shall issue certificates representing an aggregate of fifty one hundred seventy five thousand (50,000175,000) shares of common stock (the "Shares"). The shares issued to the Consultant on the date hereof shall have the status of "restricted" securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. These shares are non- non-cancelable and shall have piggyback registration rights upon the first SEC registration filed by the Client. The Shares, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances. Securities shall be issued to Consultant in accordance with a mutually acceptable plan of issuance as to relieve securities or Consultant from restrictions upon transferability of shares in compliance with applicable registration provisions or exemptions.

Appears in 1 contract

Samples: Financial Consulting Services Agreement (Jumpmusic Com Inc)

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Compensation and Fees. As consideration for Consultant entering into this Agreement, Client and Consultant shall agree that the Client shall issue certificates representing an aggregate of fifty twenty-five thousand (50,00025,000) shares of common stock (the "Shares"). The shares issued to the Consultant on the date hereof shall have the status of "restricted" securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. These shares are non- cancelable and shall have piggyback registration rights upon the first SEC registration filed by the Client. The Shares, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances. Securities shall be issued to Consultant in accordance with a mutually acceptable plan of issuance as to relieve securities or Consultant from restrictions upon transferability of shares in compliance with applicable registration provisions or exemptions.

Appears in 1 contract

Samples: Financial Consulting Services Agreement (Blue Star Coffee Inc)

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