Common use of Equity Participation Clause in Contracts

Equity Participation. Pursuant to the Consultant Services Agreement, 600,000 shares of restricted common stock of the Company (the "INITIAL STOCK") have been issued to Employee, subject to the graduated repayment provisions set forth below. The Employee agrees to comply strictly with all legal requirements regarding the stock, including those related to distribution of the stock and restrictions associated with the stock.

Equity Participation. Pursuant to the Consultant Services Agreement, 600,000 700,000 shares of restricted common stock of the Company (the "INITIAL STOCK") have been issued to Employee, to compensate, among other things, for the circumstances created by the start up nature of the Company, subject to the graduated repayment provisions set forth below. The Employee agrees to comply strictly with all legal requirements regarding the stock, including those related to distribution of the stock and restrictions associated with the stock.

Equity Participation. Pursuant to the Consultant Executive Services Agreement, 600,000 3,450,000 shares of restricted common stock of the Company (the "INITIAL STOCK") have been issued to at the direction of Employee, subject to the graduated repayment provisions set forth below. The Employee agrees to comply strictly with all legal requirements regarding the stock, including those related to distribution of the stock and restrictions associated with the stock.

Equity Participation. Pursuant to the Consultant Executive Services Agreement, 600,000 1,050,000 shares of restricted common stock of the Company (the "INITIAL STOCK") have been issued to Employee, subject to the graduated repayment provisions set forth below. The Employee agrees to comply strictly with all legal requirements regarding the stock, including those related to distribution of the stock and restrictions associated with the stock.