Common use of Compensation for Consulting Services Clause in Contracts

Compensation for Consulting Services. The Company shall pay to Consultant for said services rendered hereunder, the sum of One Million (1,000,000) shares of 144 restricted common stock of the Company which shall be due and payable in the follow manner: 83,337 thousand shares will be due and payable immediately upon signing of this Agreement, and the remaining Nine Hundred Sixteen Thousand Six Hundred Six Hundred Sixty-three (916,663) shares will be due and payable in eleven (11) equal installments of 83,333 shares beginning on September 31, 2007 and ending on July 31, 2008. Said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below. Such arrangement will be subject to a standing order submitted by the Company to NATCO, a copy of which is attached hereto as Exhibit A. Consultant shall send the Company monthly invoices describing services provided, due at the time each certificate is scheduled to be issued, no later than the last day of each month. If the parties mutually agree to the Extended Consulting Period, the Company shall pay to Consultant for said services rendered during the Extended Consulting Period, the sum of Three Hundred Thirty-Three Thousand Three Hundred and Thirty (333,330) shares of restricted common stock of the Company which shall be due and payable in six (6) equal installments of 55,555 shares Cytogenix, Inc. ________ Xxxxxx Xxxxxx, Inc. ________ beginning on August 31, 2008 and ending on January 31, 2009. In a similar manner as above, said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below, subject to a new standing order submitted by the Company to NATCO, a copy of which shall be delivered to Consultant at the time of extension.

Appears in 1 contract

Samples: Consulting Agreement (Cytogenix Inc)

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Compensation for Consulting Services. The Company shall pay to Consultant for said services rendered hereunder, the sum of One Million (1,000,000) shares of 144 restricted common stock of the Company which shall be due and payable in the follow manner: 83,337 thousand shares will be due and payable immediately upon signing of this Agreement, and the remaining Nine Hundred Sixteen Thousand Six Hundred Six Hundred Sixty-three (916,663) shares will be due and payable in eleven (11) equal installments of 83,333 shares beginning on September 31, 2007 and ending on July 31, 2008. Said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below. Such arrangement will be subject to a standing order submitted by the Company to NATCO, a copy of which is attached hereto as Exhibit A. Consultant shall send the Company monthly invoices describing services provided, due at the time each certificate is scheduled to be issued, no later than the last day of each month. If the parties mutually agree to the Extended Consulting Period, the Company shall pay to Consultant for said services rendered during the Extended Consulting Period, the sum of Three Hundred Thirty-Three Thousand Three Hundred and Thirty (333,330) shares of restricted common stock of the Company which shall be due and payable in six (6) equal installments of 55,555 shares Page 1 of 6 Cytogenix, Inc. ________ Xxxxxx XxxxxxTMS Investments, Inc. ________ beginning on August 31, 2008 and ending on January 31, 2009. In a similar manner as above, said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below, subject to a new standing order submitted by the Company to NATCO, a copy of which shall be delivered to Consultant at the time of extension.

Appears in 1 contract

Samples: Consulting Agreement (Cytogenix Inc)

Compensation for Consulting Services. The Company shall pay to Consultant and/or assigns as instructed by Consultant for said services the Minimum Consulting Services and the Financial Public Relations portion of the Consulting Services rendered hereunder, the sum of One Million two-million-two-hundred thousand (1,000,000) shares of 144 restricted common stock of the Company which shall be due and payable in the follow manner: 83,337 thousand shares will be due and payable immediately upon signing of this Agreement, and the remaining Nine Hundred Sixteen Thousand Six Hundred Six Hundred Sixty-three (916,663) shares will be due and payable in eleven (11) equal installments of 83,333 shares beginning on September 31, 2007 and ending on July 31, 2008. Said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below. Such arrangement will be subject to a standing order submitted by the Company to NATCO, a copy of which is attached hereto as Exhibit A. Consultant shall send the Company monthly invoices describing services provided, due at the time each certificate is scheduled to be issued, no later than the last day of each month. If the parties mutually agree to the Extended Consulting Period, the Company shall pay to Consultant for said services rendered during the Extended Consulting Period, the sum of Three Hundred Thirty-Three Thousand Three Hundred and Thirty (333,3302,200,000) shares of restricted common stock of the Company which shall be payable in the follow manner: One-million (1,000,000) shares will be due and payable to Consultant and/or assigns immediately upon signing of this Agreement, two-hundred thousand (200,000) shares will be due and payable to Consultant and/or assigns on March 31, 2002, and the remaining one-million (1,000,000) shares will be due and payable to Consultant and/or assigns in six (6) equal installments of 55,555 one-hundred thousand (100,000) shares Cytogenix, Inc. ________ Xxxxxx Xxxxxx, Inc. ________ beginning on August 31April 30, 2008 2002 and ending on January 31, 20092003. Said two-million two-hundred thousand (2,200,000) shares of restricted common stock of the Company shall be immediately delivered to and will be held in escrow by the Honorable Xxx Xxxxxx, Attorney at Law, 0000 Xxxxxxxx, Xxxxx 000, Xxxxxxx, XX 00000 (“Escrow Agent”). Said amounts of common shares will be tendered to Xxx Xxxxxx in separate certificates as instructed in Exhibit “A”, attached hereto, in the amounts and in the name(s) as described in Exhibit “A”, all of which will be dated as of the date of this Agreement. An Investment letter(s), attached hereto as Exhibit B, prepared by the Company and duly executed by an authorized representative will be attached to each certificate delivered to the Escrow Agent. Xx. Xxxxxx shall deliver each certificate to Consultant on the dates and in the amounts stated in Exhibit “A”. The shares will be earned when delivered by Escrow Agent to Consultant and/or assigns. In a similar manner as aboveaddition, said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly subject to Consultant at the address listed paragraph 5 herein below, subject if Consultant provides Additional Consulting Services to a new standing order submitted by the Company to NATCOCompany, a copy of which it shall be delivered to Consultant compensated for such Additional Consulting Services at the time rate of extension$1,200 for each such additional person/day. Consultant shall be required to keep records indicating service performed under Paragraph 2 and 3 hereinabove. Consultant shall submit monthly invoices to Company indicating nature and extent of said consulting services provided.

Appears in 1 contract

Samples: Consulting Agreement (Cytogenix Inc)

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Compensation for Consulting Services. The Company shall pay to Consultant for said services rendered hereunder, the sum of One Million (1,000,000) shares of 144 restricted common stock of the Company which shall be due and payable in the follow manner: 83,337 thousand shares will be due and payable immediately upon signing of this Agreement, and the remaining Nine Hundred Sixteen Thousand Six Hundred Six Hundred Sixty-three (916,663) shares will be due and payable in eleven (11) equal installments of 83,333 shares beginning on September 31, 2007 and ending on July 31, 2008. Said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below. Such arrangement will be subject to a standing order submitted by the Company to NATCO, a copy of which is attached hereto as Exhibit A. Consultant shall send the Company monthly invoices describing services provided, due at the time each certificate is scheduled to be issued, no later than the last day of each month. If the parties mutually agree to the Extended Consulting Period, the Company shall pay to Consultant for said services rendered during the Extended Consulting Period, the sum of Three Hundred Thirty-Three Thousand Three Hundred and Thirty (333,330) shares of restricted common stock of the Company which shall be due and payable in six (6) equal installments of 55,555 shares Cytogenix, Inc. ________ Xxxxxx Xxxxxx, Inc. Chasseur Corporation ________ beginning on August 31, 2008 and ending on January 31, 2009. In a similar manner as above, said installments will be issued on the last day of each month by the Company’s agent, Nevada Agency and Trust Company (NATCO), and mailed directly to Consultant at the address listed herein below, subject to a new standing order submitted by the Company to NATCO, a copy of which shall be delivered to Consultant at the time of extension.

Appears in 1 contract

Samples: Consulting Agreement (Cytogenix Inc)

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