Common use of Issuance of Performance Shares Clause in Contracts

Issuance of Performance Shares. 7.1 Issuance to principals - Performance shares may be issued for cash to the principals of an issuer (a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion, (b) to provide an incentive for the principals to diligently support the affairs of the issuer, and (c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer. 7.2 Natural resource issuer - A natural resource issuer may issue to its principals up to a total of 750,000 performance shares, at a minimum price of $.01 per share.

Issuance of Performance Shares. 7.1 Issuance to principals - Performance shares may be issued for cash to the ---------------------- principals of an issuer (a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion, (b) to provide an incentive for the principals to diligently support the affairs of the issuer, and (c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer. 7.2 Natural resource issuer - A natural resource issuer may issue to its principals up to a total of 750,000 performance shares, at a minimum price of $.01 per share.

Issuance of Performance Shares. 7.1 Issuance to principals - Performance shares may be issued for cash to the principals principles of an issuer (a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion, (b) to provide an incentive for the principals to diligently support the affairs of the issuer, and (c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer. 7.2 Natural resource issuer - A natural resource issuer may issue to its principals up to a total of 750,000 performance shares, at a minimum price of $.01 per share.