Common use of CONSULTANT’S COMPENSATION Clause in Contracts

CONSULTANT’S COMPENSATION. 4.1 The Company shall pay Consultant a fee of $500.00 for each month or partial month this Agreement has been in effect, providing that such payment shall be paid, as accrued, at the closing of the Interim Financing and then continuing through the closing of the Second and Third Stage Financings, as described in Exhibit "A," by the Consultant. Upon the closing of any Third Round of Financing, the fee of $500.00 will be increased to $1,000.00 per month will be extended for an additional 36 months, for duties to be mutually agreed upon by the parties.

CONSULTANT’S COMPENSATION. 4.1 The Company shall pay Consultant a fee of $500.00 5,000 for each month or partial month this Agreement has been in effect, providing that such payment shall be paid, as accrued, at the closing of the Interim Financing and then continuing through the closing of the Second and Third Stage Financings, as described in Exhibit "A," by the Consultant. Upon the closing of any the Third Round Stage of Financing, the fee of $500.00 will be increased to $1,000.00 5,000 per month will be extended for an additional 36 months, for duties to be mutually agreed upon by the parties.