Consideration for License. In consideration for the grant of the License by the Licensor to the Licensee pursuant to Section 1 of this Agreement, the Licensee hereby issues to the Licensor 4,605,337 shares of common stock in the Licensee. Accordingly, Licensor will have all of the rights, authority, and duties set forth for him as a shareholder of the Licensee.
Appears in 2 contracts
Samples: License Agreement (Med-X, Inc.), License Agreement (Med-X, Inc.)
Consideration for License. In As the sole and exclusive consideration for the grant of the License by the Licensor to the Licensee pursuant to Section 1 of rights and licenses granted in this Agreement, the Licensee hereby issues to Licensor shall receive, on the Licensor 4,605,337 date hereof, 5,000 shares of common stock in the Licensee. Accordingly, Licensor will have all of the rights, authority, and duties set forth for him as a shareholder of the Licensee.
Appears in 1 contract
Samples: Exclusive License Agreement (Wellness Center USA, Inc.)
Consideration for License. In consideration for the grant of the License by the Licensor to the Licensee pursuant to Section 1 of this Agreement, the Licensee hereby issues to the Licensor 4,605,337 10,000,000 shares of common stock in the Licensee. Accordingly, Licensor will have all of the rights, authority, and duties set forth for him it as a shareholder of the Licensee.
Appears in 1 contract
Samples: License Agreement (Med-X, Inc.)