Consideration to Consultant. In consideration of the Consulting Services provided or to be provided to the Company pursuant to this Agreement, the Company will compensate Consultant by issuing to the Consultant Eight Four Thousand (84,000) restricted shares of common stock in Royce Biomedical Inc., a Nevada publicly traded corporation within ten (10) days of the Effective Date. The Company warrants that the Shares to be issued to the Consultant under this Agreement shall be or have been validly issued, fully paid and non-assessable and that the Company’s board of directors has or shall have duly authorized the issuance and any transfer of them to us. The Consultant acknowledges that the Shares to be issued pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended ("Securities Act") and accordingly are "restricted securities" within the meaning of Rule 144 of the Act. As such, the Shares may not be resold or transferred unless you have received an opinion of counsel and in form reasonably satisfactory to you that such resale or transfer is exempt from the registration requirements of that Securities Act.
Consideration to Consultant. 3.1 As compensation for the services rendered hereunder, the Company shall issue and deliver to Consultant Fifty Thousand (50,000) shares of the Company's common stock, $.01 par value, which shares shall be registered by the Company under the Securities Act of 1933, as amended, pursuant to a Registration Statement of Form S-8, as soon as practicable after the Company becomes eligible for use of such form.
Consideration to Consultant. As full satisfaction of any sums due for Consultant's services rendered through the date of this Agreement, GTC agrees to issue and transfer to Consultant, in the name of Johnathan Eng, an individual, 00,000 Xxares of the Common Stock of the Company (the "Shares").
Consideration to Consultant. FEI shall pay to Consultant the amounts described in the Agreement, subject to all terms and conditions therein.
Consideration to Consultant. 3.1 The Company shall pay the CONSULTANT 3000 S-8 shares per month. In the event the S-8 share exemption is not available the Company shall accrue a debt of the unissued shares. CONSULTANT may at his sole option leave the share debt accrue or elect to have shares subject to rule 144 restriction issued in lieu of waiting for the Company to qualify for the issue S-8 shares.
Consideration to Consultant. As full satisfaction of any sums due for Consultant's services rendered through the date of this Agreement, GTC agrees to issue and transfer to Consultant, in the name of Edwin Wong, an individual, 100,000 Xxxxxs of the Common Stock of the Company (the "Shares").
Consideration to Consultant. As full consideration for the services previously rendered and to be rendered by Consultant hereunder, Protagenic hereby issues to Consultant a warrant (the “Warrant”) to purchase 200,000 shares of Protagenic common stock, par value $0.001 per share. The Warrant shall be exercisable for a period of five years from the date of this agreement, at an exercise price of $1.25 per share. The Warrant shall be immediately vested as to 150,000 shares, and shall vest as to the remaining 50,000 shares on December 31, 2015. A form of the Warrant is annexed hereto as Exhibit A.
Consideration to Consultant. The Company hereby agrees to issue to Consultant, and Consultant hereby agrees to accept as payment in full for past services rendered by Consultant to the Company and the Services to be rendered by Consultant pursuant to the terms hereof, (i) 300,000 shares of the Company's Common Stock, par value $0.01 per share (the "Common Stock"), covered by a currently effective registration statement of the Company under the Securities Act of 1933, as amended (the "Act"), on Form SB-2, SEC File No. __________ (the "SB-2 Grant Shares"), (ii) an additional 700,000 shares of the Common Stock covered by a registration statement of the Company under the Act on Form S-8 (the "S-8 Registration Statement") to be prepared by the Company at its expense and filed by the Company with the SEC via XXXXX not later than 10:00 a.m. (Los Angeles time) on Tuesday, March 14, 2000 (the "S-8 Grant Shares"), and (iii) warrants (the "Warrants") representing the right to purchase a maximum of 2.0 million shares (the "Warrant Shares") of the Common Stock at a warrant exercise price of $1.50 per share (the "Exercise Price"). The Warrants shall be evidenced by one or more Warrant Certificates in the form of Exhibit A attached hereto (the "Warrant Certificates"), and contain such other terms and conditions as are set forth in said Warrant Certificates. The Company hereby agrees to deliver to Consultant, on or before March 14,2000, the Warrant Certificates, registered in the name of Consultant or its designee, and duly executed by the Company, as well as evidence reasonably satisfactory to Consultant that the issuance of the Warrants, as evidenced by the Warrant Certificates, has been properly authorized by the Board. The Company covenants (i) that all of the Warrant Shares shall be included in the S-8 Registration Statement as filed with the SEC, and (ii) that the S-8 Registration Statement shall be kept effective until such time as all of the Warrant Shares have been issued to Consultant or (if earlier) the date that the Warrants expire in accordance with their terms. The Company hereby further agrees to exert its best efforts to cause as expeditiously as is practicable, but in no event by later than 10:30 a.m. (Los Angeles time) on March 14, 2000, all of the SB-2 Grant Shares and all of the S-8 Grant Shares to be certificated and credited by the Depository Trust Company ("DTC") to the securities brokerage account of Consultant specified by Consultant (the "Account") in written instructions pr...
Consideration to Consultant. During the term of this Agreement, Cxxxxx shall provide cash compensation to Orchestra in an aggregate amount of $100,000, payable in equal installments, monthly in advance, with the first payment to be made on October 1, 2016. In addition, as previously approved by Cxxxxx’ Compensation Committee, effective as of September 16, 2016, Cxxxxx shall provide an equity incentive award to Orchestra consisting of options to purchase 50,000 shares (the “Option Shares”) of the Company’s common stock, par value $0.0001 per share (the “Option Award”) pursuant to the Company’s 2014 Equity Compensation Plan (the “Plan”). The Option Award shall be made in accordance with the terms of the Plan and fifty percent (50%) of the Option Shares will vest on the three (3) month anniversary of the date of grant of the Option Award with the remainder of the Option Shares vesting on the six (6) month anniversary of the date of grant of the Option Award.
Consideration to Consultant. 3.1 As compensation for the consulting services rendered hereunder, the Company shall issue and deliver to Consultant 1,500,000 options (the "Options") to purchase the share of the Company's common stock, $.01 par value (the "Common Stock") at an exercise price $2.00 per share, with Options, together with the underlying shares of Common Stock shall be registered by the Company under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-8. The Options shall vest and become exercisable as follows: (i) 500,000 Options are immediately exercisable, (ii) 250,000 Options exercisable on May 1, 1998, (iii) 250,000 Options exercisable on August 1, 1998, (iv) 250,000 Options exercisable on September 1, 1998 and, (v) 250,000 Options exercisable on December 1, 1998. The Options period will terminate on the second anniversary from the date of execution of this Agreement. Should the Company be sold or should it experience a change in control, the options referenced in (ii), (iii), (iv), and (v) will immediately vest and become exercisable.
