Common use of Member Compensation Clause in Contracts

Member Compensation. (A) Mr. Collins shall be compensated fox xxx xxxxxces as a member of FAMOUS board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 shares per month (b) For service, as chairman of any committee, 2,500 shares per month (c) For service, on any other committee an additional 1,250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins comply on a timely basix xxxx xxx personal reporting obligations to the Commission pertaining to his role with FAMOUS and that Mr. Collins serve in the designated xxxxxxxxx providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins directly arranges or dxxxxxxx xxxxides funding for FAMOUS on terms more beneficial than those reflected in FAMOUS current principal written financing agreements, Mr. Collins shall be entitled at hix xxxxxxxx, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS by Mrs. Collins and FAMOUS is not oblixxxxx xx xxx any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASD, Mrs. Collins shall be entitled to a xxxxx xx x sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins arranges for an acquisixxxx xx XXXOUS, then Mrs. Collins will be entitled to coxxxxxxxxxx xn an amount, in shares of FAMOUS common stock, equal to 10% of the net consideration paid by FAMOUS for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Del shall be compensated fox xxx xxxxxces for his services as a member of FAMOUS TNPS board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Del comply on a timely basix xxxx xxx basis with all personal reporting obligations to the Commission pertaining to his role with FAMOUS TNPS and that Mr. Collins Del serve in the designated xxxxxxxxx positions providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Del directly arranges or dxxxxxxx xxxxides directly provides funding for FAMOUS TNPS on terms more beneficial than those reflected in FAMOUS TNPS current principal written financing agreements, Mr. Collins Del shall be entitled at hix xxxxxxxxhis election, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS TNPS by Mrs. Collins Del and FAMOUS TNPS is not oblixxxxx xx xxx obligated to pay any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASD, Mrs. Collins Del shall be entitled to a xxxxx xx x bonus in a sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Del arranges for an acquisixxxx xx XXXOUSacquisition by TNPS, then Mrs. Collins Del will be entitled to coxxxxxxxxxx xn compensation in an amount, in shares of FAMOUS TNPS common stock, equal to 10% of the net consideration paid by FAMOUS TNPS for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Freeman shall be compensated fox xxx xxxxxces as a member of FAMOUS TNPS board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Freeman comply on a timely basix xxxx xxx personal reporting obligations to the Commission pertaining to his role with FAMOUS TNPS and that Mr. Collins Freeman serve in the designated xxxxxxxxx providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Freeman directly arranges or dxxxxxxx xxxxides funding for FAMOUS TNPS on terms more beneficial than those reflected in FAMOUS TNPS current principal written financing agreements, Mr. Collins Freeman shall be entitled at hix xxxxxxxx, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS TNPS by Mrs. Collins Freeman and FAMOUS TNPS is not oblixxxxx obligaxxx xx xxx any xny other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASD, Mrs. Collins Freeman shall be entitled to a xxxxx xx x sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Freeman arranges for an acquisixxxx xx XXXOUSXXXS, then Mrs. Collins Freeman will be entitled to coxxxxxxxxxx xn an amount, in shares of FAMOUS TNPS common stock, equal to 10% of the net consideration paid by FAMOUS TNPS for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Freeman shall be compensated fox xxx xxxxxces as a member of FAMOUS DELTA board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Freeman comply on a timely basix xxxx xxx personal reporting obligations to the Commission pertaining to his role with FAMOUS DELTA and that Mr. Collins Freeman serve in the designated xxxxxxxxx providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Mr. Freeman directly arranges or dxxxxxxx dixxxxxx xxxxides funding for FAMOUS DELTA on terms more beneficial than those reflected in FAMOUS DELTA current principal written financing agreements, Mr. Collins Freeman shall be entitled at hix xxxxxxxx, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS DELTA by Mrs. Collins Mr. Freeman and FAMOUS DELTA is not oblixxxxx obligaxxx xx xxx any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASDFINRA, Mrs. Collins Mr. Freeman shall be entitled to a xxxxx xx x sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Freeman arranges for an acquisixxxx xx XXXOUSXXXTA, then Mrs. Collins Mr. Freeman will be entitled to coxxxxxxxxxx comxxxxxxxxx xn an amount, in shares of FAMOUS DELTA common stock, equal to 10% of the net consideration paid by FAMOUS DELTA for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Xx. Xxxxxx shall be compensated fox xxx xxxxxces for his services as a member of FAMOUS DELTA board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Xx. Xxxxxx comply on a timely basix xxxx xxx basis with all personal reporting obligations to the Commission pertaining to his role with FAMOUS DELTA and that Mr. Collins Xx. Xxxxxx serve in the designated xxxxxxxxx positions providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Xx. Xxxxxx directly arranges or dxxxxxxx xxxxides directly provides funding for FAMOUS DELTA on terms more beneficial than those reflected in FAMOUS DELTA current principal written financing agreements, Mr. Collins Xx. Xxxxxx shall be entitled at hix xxxxxxxxhis election, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS DELTA by Mrs. Collins Xx. Xxxxxx and FAMOUS DELTA is not oblixxxxx xx xxx obligated to pay any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASDFINRA, Mrs. Collins Xx. Xxxxxx shall be entitled to a xxxxx xx x bonus in a sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Xx. Xxxxxx arranges for an acquisixxxx xx XXXOUSacquisition by DELTA, then Mrs. Collins Xx. Xxxxxx will be entitled to coxxxxxxxxxx xn compensation in an amount, in shares of FAMOUS DELTA common stock, equal to 10% of the net consideration paid by FAMOUS DELTA for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Del shall be compensated fox xxx xxxxxces for his services as a member of FAMOUS DELTA board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Del comply on a timely basix xxxx xxx basis with all personal reporting obligations to the Commission pertaining to his role with FAMOUS DELTA and that Mr. Collins Del serve in the designated xxxxxxxxx positions providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Mr. Del directly arranges or dxxxxxxx xxxxides directly provides funding for FAMOUS DELTA on terms more beneficial than those reflected in FAMOUS DELTA current principal written financing agreements, Mr. Collins Del shall be entitled at hix xxxxxxxxhis election, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS DELTA by Mrs. Collins Mr. Del and FAMOUS DELTA is not oblixxxxx xx xxx obligated to pay any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASDFINRA, Mrs. Collins Mr. Del shall be entitled to a xxxxx xx x bonus in a sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Del arranges for an acquisixxxx xx XXXOUSacquisition by DELTA, then Mrs. Collins Mr. Del will be entitled to coxxxxxxxxxx xn compensation in an amount, in shares of FAMOUS DELTA common stock, equal to 10% of the net consideration paid by FAMOUS DELTA for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.

Member Compensation. (A) Mr. Collins Mrs. Tucker shall be compensated fox xxx xxxxxces as a member of FAMOUS APOLLO board of directors and committees, as follows: (a) For basic service as a member of our Company's board of directors, 5,000 5000 shares per month (b) For service, as chairman of any committee, 2,500 2500 shares per month (c) For service, on any other committee an additional 1,250 1250 shares per month (B) The foregoing compensation will be subject to the condition precedent that Mr. Collins Mrs. Tucker comply on a timely basix xxxx xxx personal reporting obligations to the Commission pertaining to his her role with FAMOUS APOLLO and that Mr. Collins Mrs. Tucker serve in the designated xxxxxxxxx providing all of the services required thereunder prudently and in good faith. In addition to the compensation described above and in Section 3.1 (unless comparable compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid because of conflicts with applicable laws: (C) In the event that Mrs. Collins Tucker directly arranges or dxxxxxxx dixxxxxx xxxxides funding for FAMOUS APOLLO on terms more beneficial than those reflected in FAMOUS APOLLO current principal written financing agreements, Mr. Collins Mrs. Tucker shall be entitled at hix xxxxxxxx, to either: (1) A fee equal to 10% of such savings, on a continuing basis; or (2) If equity funding is directly arranged for FAMOUS APOLLO by Mrs. Collins Tucker and FAMOUS APOLLO is not oblixxxxx obligxxxx xx xxx any other source of compensation in conjunction therewith, other than the normal commissions charged by broker dealers in securities in compliance with the compensation guidelines of the NASDFINRA, Mrs. Collins Tucker shall be entitled to a xxxxx xx x sum equal to 10% of the net proceeds of such funding after paying normal commissions. (D) In the event that Mr. Collins Mrs. Tucker arranges for an acquisixxxx xx XXXOUSXXXLLO, then Mrs. Collins Tucker will be entitled to coxxxxxxxxxx comxxxxxxxxx xn an amount, in shares of FAMOUS APOLLO common stock, equal to 10% of the net consideration paid by FAMOUS APOLLO for such acquisition, provided that if such compensation is payable to more than one person, then they shall share such compensation, pro rata, based on the nature of their entitlement to such compensation.