Common use of Restricted Stock Grant Clause in Contracts

Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issues to the Executive 3,600,000 shares of the common stock of the Company that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable.

Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issues issue each year to the Executive 3,600,000 500,000 shares of the common stock of the Company Company, that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP, on the first, second and third year anniversaries’ of the execution of this Agreement. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable.

Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issues each year to the Executive 3,600,000 1,000,000 shares of the common stock of the Company Company, that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP, on the first, second and third year anniversaries’ of the execution of this Agreement. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable.