OTHER CONSULTING. The Consultant shall devote a reasonable portion of his time and attention to the Company’s business and interest. During the Consulting Period, the Consultant shall not engage, directly or indirectly, in any other business activity which conflicts with the interests of Michigan Green Technologies and/or Cannabis Science, regardless of whether it is pursued for gain or profit; provided, however, nothing contained in this Section 5 shall be deemed to prevent or to limit the right of the Consultant to invest his money in real estate or in other companies, if such investment does not oblige the Consultant to assist in the operation of the affairs of such companies.
OTHER CONSULTING. For a period of 5 years following the Effective Date, the Licensor agrees to provide consulting services for the implementation and operation of the items set forth in Section 4.2 and the Manufacturing of Licensed Products, as mutually agreed between the Parties. The fees for such consulting services will be billed at the Licensor’s then-prevailing hourly rates for such services. As of the date of this Agreement, it is anticipated that the average rate for such services will be approximately $[**Confidential Treatment Requested] per hour, which may vary depending on the nature of the services, the experience and specialized expertise of the consultant performing such services and other economic factors at such time. Amounts payable in respect of services under this Section 4.3(b) shall be invoiced to the Licensee monthly in arrears and paid to the Licensor, as directed by the Licensor, which amounts shall be due within thirty (30) days after the date of invoice. [**Confidential Treatment Requested] indicates that portions of this document have been redacted and filed separately with the Securities and Exchange Commission.
OTHER CONSULTING. Nothing in this Agreement precludes the Consultant from consulting in the same general subject area with other parties, subject only to the confidentiality provisions of this Agreement.
OTHER CONSULTING. Consultant and its principals may work for other persons or entities during the term of this Agreement. The Company acknowledges that the Consultant is in the business of providing services to a wide range of entities.
OTHER CONSULTING. Consultant may provide consulting services to other individuals or companies. However, Consultant agrees not to engage in any activity which could conflict or interfere with the performance of its duties under this Agreement, or which could result in a conflict of interest. Further, Consultant will not own, manage, operate, join, control, be employed by, participate in, or be connected with any business, individual, partner, firm, corporation, or other entity that directly or indirectly competes with the Company or its Affiliates in the business of direct consumer non-real estate finance (including internet lending) and credit insurance anywhere in the United States during the Term of this Agreement. Notwithstanding the foregoing, the following shall not be deemed a violation of this Agreement: any “beneficial ownership” either individually or as a member of a “group” (as such terms are used in Rule 13d of the general rules and regulations under the Securities Exchange Act of 1934) of stock, but not more than five percent (5%) of the voting stock, of any public company.
