Common use of CONSULTING SERVICES & COMPENSATION Clause in Contracts

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. 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.