Common use of Payment and Distribution Clause in Contracts

Payment and Distribution. Advisor agrees to accept the Shares in full and complete payment for any and all services rendered to Company and or to the predecessor of Company during the years 1999 and 2000. The Company agrees to distribute the Shares to Advisor as soon as practicable after the execution of this Agreement and Subscription Agreement attached hereto as Exhibit I. The Company and Advisor acknowledge and agree that the Shares have a monetary value of no more than $0.01 and are restricted from resale.

Appears in 4 contracts

Samples: Payment Agreement (Sunrise Usa Inc), Payment Agreement (Sunrise Usa Inc), Payment Agreement (Sunrise Usa Inc)

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