Common use of Monthly Cash Compensation Clause in Contracts

Monthly Cash Compensation. The Company shall pay the Consultant for the Services under this Agreement the sum of $7,500 per month during the Term, in arrears on the 15th and last day of each month, with the first payment due on April 30, 2005. This will be subject to review after 90 days, but will automatically be subject to review after any funding round in an aggregate of a minimum of $5mm which includes a minimum $5mm equity draw down facility. Full salary will be paid at market rates when the Company secures a minimum combined $5 Million equity investment (including equity draw down facility).

Monthly Cash Compensation. The Company shall pay the Consultant for the Services under this Agreement the sum of $7,500 8,500 per month during the Term, in arrears on the 15th and last day of each month, with the first payment due on April 30, 2005. This will be subject to review after 90 days, but will automatically be subject to review after any funding round in an aggregate of a minimum of $5mm which includes a minimum $5mm equity draw down facility. Full salary will be paid at market rates when the Company secures a minimum combined $5 Million equity investment (including equity draw down facility).