CONSULTING SERVICES & COMPENSATION. Commencing on the Effective Date, the Consultant will be retained as a Consultant and independent contractor for the Company for a period of twelve months. For services rendered hereunder, the Consultant shall receive
(a) A three-year warrant (“Warrant”) to purchase 600,000 shares of the Company’s common stock (“Shares”) at an exercise price equal to the closing price on the date of execution of this agreement. Company acknowledges that warrants will be registered with SEC at the next financing round and can be exercised to receive fully registered and freely tradable shares in the Company. These warrants will be vested immediately and will be exercisable by cash payment to the Company.
(b) A three-year warrant to purchase 1,000,000 shares of the Company’s common stock at an exercise price equal to $0.25. Company acknowledges that warrants will be registered with SEC at the next financing round and can be exercised to receive fully registered and freely tradable shares in the Company. These warrants will be vested immediately and will be exercisable by cash payment to the Company.
(c) A cash fee of $20,000 per month for six months payable at the beginning of each month.
CONSULTING SERVICES & COMPENSATION. During the Consulting Period, the Executive shall be paid a monthly consulting fee of $15,000, which will be paid in arrears on the last day of each month during the Consulting Period, following the submission of a written invoice detailing the work performed during the month.
CONSULTING SERVICES & COMPENSATION. As a consideration and in exchange for the Services to be rendered hereunder, the Company hereby agrees to issue certain Warrants (as defined below) as soon as practicable after the execution of this Agreement, subject to review by Nasdaq, as follows:
CONSULTING SERVICES & COMPENSATION. During the Consulting Period, the Executive shall be paid a monthly consulting fee of $34,000 for the first ninety (90) days and $29,000 per month thereafter for the remainder of the Consulting Period, which will be paid in arrears on the last day of each month during the Consulting Period, following the submission of a written invoice detailing the work performed during the month. The Company shall pay the consulting fee on a monthly basis through the remaining balance of the term if the Consulting Agreement is terminated pursuant to Section 4 (b) (i) (b) or (c) below or if the Company chooses not to utilize the Executive in a consulting capacity without good cause or reason. The consulting fee shall not be due and payable if the termination is pursuant to section 4 (b) (i) (a) above. In the event that the commencement of the Consulting Period is delayed for a period of sixty (60) days beyond April 1, 2018, then both parties hereto will discuss and mutually agree upon whether and by what amount Executive should be entitled to additional compensation as an employee during such additional employment period.
CONSULTING SERVICES & COMPENSATION. (a) The Company shall pay to Consultant or its designees as compensation for its services under this Agreement:
(i) As compensation for its services, the Consultant shall receive 2,000,000 shares of common stock of the Company. Company agrees to issue such shares upon the execution of this Agreement and Company and Consultant agree to have said shares be held in an independent third party escrow account of mutual agreement subject to the following earn out or claw back provision: 250,000 shares shall be fully earned and released upon completing a Business Lending Credit Line, loan, or SBA Program, with no personal guaranty requirements, which the Consultant secures for the Company for a minimum of $250,000 US, for a minimum period of one year with an annual interest rate in the range of US Prime Rate plus 3 Points. An additional 250,000 shares shall be earned and released upon the accepting of a loan or Credit Line, with no personal guaranty requirements, for a minimum of $250,000 US, which the Consultant secures on behalf of the Company from a Tokyo financial institution for a minimum period of one year with a capability to extend, at an annual interest rate range of Prime Rate in Japan plus 3 Points. Should the Company decide not to accept funds made available by either loan approval within the above parameters then the shares that would have been earned will be deemed earned regardless of the Company accepting the funds. The remaining 1,500,000 shares shall be earned and released upon the Company accepting any form of Commitment Letters for $2,500,000 from parties introduced by Consultant (the “Introduced Parties”) for joint-venture, distribution, business development, or strategic business relationships. However, the Company is under no obligation to accept any such Commitment Letters. In addition if the Company cancels this Agreement then 500,000 of the up-front shares shall be deemed earned. Should the Company accept a Commitment Letter for less than $2,500,000 from an Introduced Party, then Consultant shall earn a pro rata share of the remaining 1,500,000 shares, equivalent to the ratio between the amount accepted and $2,500,000. Additional fees for further consulting services, the “Success Fees”, shall be paid to the Consultant for any and all Introduced Parties that directly or indirectly result in any form of direct or indirect joint venture, distribution, business development, or strategic business relationships, etc. The Success Fee shall be eq...
CONSULTING SERVICES & COMPENSATION. Commencing on the Effective Date, the Consultant will be retained as a Consultant and independent contractor for the Company for a period of twelve months. For services rendered hereunder, the Consultant shall receive a five-year warrant (“Warrant”) to purchase 3,000,000 shares (“Shares”) of the Company’s common stock at an exercise price equal to $0.15.
CONSULTING SERVICES & COMPENSATION. (A) The Company shall pay to Consultant as compensation for its services under this Agreement fees not to exceed Two Hundred Thousand Dollars ($200,000) in any one year period, excluding approved, related expenses.
(B) The company may in the future provide the Consultant with such additional compensation as the company and the Consultant shall mutually agree for any additional services by the Consultant not provided for in this Agreement.
CONSULTING SERVICES & COMPENSATION. Subject to the Executive’s continuing availability to provide consulting services in accordance with the terms hereof, during the Transition Period the Executive shall be considered a “Service Provider” to the Company as defined in the applicable equity incentive plans and award agreements. To the extent applicable and notwithstanding anything to the contrary in any applicable equity incentive plans and award agreements, the Executive’s outstanding stock options and restricted stock units (including, without limitation, RSUs and PSUs) will remain outstanding and will continue to vest in accordance with and subject to the terms and conditions set forth in the applicable equity incentive plans and award agreements. For the avoidance of doubt, during the Transition Period, the Executive shall receive no consideration other than the separation benefits set forth in Section 2, subject to the terms and conditions set forth herein and therein, and, to the extent applicable, the continued vesting of any outstanding stock options or restricted stock units.
CONSULTING SERVICES & COMPENSATION. For its services under this Agreement, Lakes shall receive a fee equal to a flat fee of $50,000 per month for one hundred twenty (120) months in accordance with the payment terms described in Section 5.2 below ("Monthly Consulting Fixed Fee")
CONSULTING SERVICES & COMPENSATION. The Company shall pay to the Consultant for services under this Agreement, One Hundred Fifty Thousand (150,000) Common shares to Java Group, Inc., which shares shall be immediately registered under a S-8 short form Registration Statement with the Securities and Exchange Commission, by the Company, at the Company's expense.
