Common use of Licensing Fee Clause in Contracts

Licensing Fee. In consideration of the rights granted in the License Agreement, LICENSEE issued to LICENSOR a licensing fee payment of 2,500,000 shares of its common stock and such common shares were issued to the LICENSOR as follows: 500,000 shares to the ▇▇▇▇▇▇ Trust, 1,000,000 common shares to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and 1,000,000 common shares to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇. In further consideration of the expansion of the license granted to LICENSEE pursuant to Article II of this Amendment, LICENSEE hereby agrees to pay to the LICENSOR an additional licensing fee comprised of 5,924,000 shares of its common stock, to be issued to the LICENSOR as follows: 2,500,000 shares, to the ▇▇▇▇▇▇ Trust, 1,424,000 common shares To ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and 2,000,000 common shares to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, with such additional licensing fee shares to be issued on the date LICENSEE executes this Amendment or as soon thereafter as practicable (both licensing fee payments of shares shall be collectively referred to as the "Licensing Fee"). LICENSOR and LICENSEE acknowledge and agree that the LICENSEE'S common stock issued and delivered pursuant to the License Agreement and this Amendment to LICENSOR shall not have any pre-emptive rights of any nature whatsoever and shall be subject to future dilution in the sole and exclusive discretion of LICENSEE for proper corporate purposes.

Licensing Fee. In consideration of the rights granted in the License Agreement, LICENSEE issued to LICENSOR a licensing fee payment of 2,500,000 shares of its common stock and such common shares were issued to the LICENSOR as follows: 500,000 shares to the ▇C▇▇▇▇▇ Trust, 1,000,000 common shares to ▇G▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and 1,000,000 common shares to ▇G▇▇▇▇▇ ▇. ▇▇▇▇▇▇. In further consideration of the expansion of the license granted to LICENSEE pursuant to Article II of this Amendment, LICENSEE hereby agrees to pay to the LICENSOR an additional licensing fee comprised of 5,924,000 shares of its common stock, to be issued to the LICENSOR as follows: 2,500,000 shares, to the ▇C▇▇▇▇▇ Trust, 1,424,000 common shares To ▇G▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and 2,000,000 common shares to ▇G▇▇▇▇▇ ▇. ▇▇▇▇▇▇, with such additional licensing fee shares to be issued on the date LICENSEE executes this Amendment or as soon thereafter as practicable (both licensing fee payments of shares shall be collectively referred to as the "Licensing Fee"). LICENSOR and LICENSEE acknowledge and agree that the LICENSEE'S common stock issued and delivered pursuant to the License Agreement and this Amendment to LICENSOR shall not have any pre-emptive rights of any nature whatsoever and shall be subject to future dilution in the sole and exclusive discretion of LICENSEE for proper corporate purposes.