Common use of Compensation for Other Services Clause in Contracts

Compensation for Other Services. If the Client after the date hereof enters into a merger or acquisition, or enters into an agreement for the purchase of assets, as a direct or indirect result of Consultant's efforts, the Client agrees to pay Consultant in the manner described below. If Consultant provides any material assistance to the Client in a merger, acquisition or asset purchase of an entity ("Business Opportunity"), which assistance includes (but is not limited to) introducing the Business Opportunity to the Client or helping to prepare documents used in negotiating such Business Opportunity, Client agrees to pay Consultant 9.9% of the gross value of such transaction with a Business Opportunity ("M&A Fee"). If the Client acquires any asset or obtains any payment or other benefit, other than a Business Opportunity described above, as a result of Consultant's Services (an "Asset Opportunity"), the Client agrees to pay Consultant 9.9% of the gross value of such Asset Opportunity ("Consultant's Fee"). The Client will pay each M&A Fee or Consultant's Fee in cash, shares of the Client's stock or the stock of the Business Opportunity or the Asset Opportunity, or in like kind. Consultant has the sole option to choose the form of payment. Such payment shall be made on the date the Client substantially completes the transaction involved.

Appears in 4 contracts

Samples: Consulting Agreement (Et Corp), Consulting Agreement (Ecom Com Inc), Consulting Agreement (Ecom Com Inc)

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Compensation for Other Services. If the Client after the date hereof enters into a merger or acquisition, or enters into an agreement for the purchase of assets, as a direct or indirect result of Consultant's =s efforts, the Client agrees to pay Consultant in the manner described below. If Consultant provides any material assistance to the Client in a merger, acquisition or asset purchase of an entity ("Business Opportunity"), which assistance includes (but is not limited to) introducing the Business Opportunity to the Client or helping to prepare documents used in negotiating such Business Opportunity, Client agrees to pay Consultant 9.9% of the gross value of such transaction with a Business Opportunity ("M&A Fee"). If the Client acquires any asset or obtains any payment or other benefit, other than a Business Opportunity described above, as a result of Consultant's Services (an "Asset Opportunity"), the Client agrees to pay Consultant 9.9% of the gross value of such Asset Opportunity ("Consultant's Fee"). The Client will pay each M&A Fee or Consultant's Fee in cash, shares of the Client's =s stock or the stock of the Business Opportunity or the Asset Opportunity, or in like kind. Consultant has the sole option to choose the form of payment. Such payment shall be made on the date the Client substantially completes the transaction involved.

Appears in 1 contract

Samples: Consulting Agreement (Ecom Com Inc)

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