Terms and Consideration. In consideration for Executive’s execution of this Agreement, but subject to the paragraph in this Agreement titled “Review Period and Revocation” and the terms of the paragraph titled “Consideration and Remedy,” the Company agrees to provide to Executive the following payments and benefits:
Terms and Consideration. This lease shall be for a term of TWENTY (20) YEARS from the date hereof. A royalty of $0.20 per ton by weight, for all sand and $0.25 per ton for all gravel, will be paid to the LESSOR by the 20th day of the month following shipment. A tabulation of the proceeding month's shipments will be made from dxxx tickets issued to each separate carrier leaving the property. Official railroad scale weights will be used to verify shipments made by The LESSOR shall grant the LESSEE three (3) additional options of five (5) years each. The royalty to be paid by LESSEE to LESSOR shall be renegotiated by the parties each time the LESSEE chooses to exercise its additional options and set out in writing as an addendum to this Lease Agreement. Production will begin within Eight (8) months of the date of this contract. A minimum royalty payment of $l,500.00 per month will begin during the NINTH month whether or not the production and sale of material has begun. Any and all payments of this nature will be considered as prepaid royalty which will be credited against future shipments, and such payments will be payable for the life of this lease and any extensions thereof whether production ever begins or stops at any time. The LESSEE shall have the right to stockpile or store such material on the property covered by the lease at no cost other than the royalty paid as stated above. LESSEE shall have SIX (6) MONTHS to sell and remove such stockpiled material after the expiration of the lease; or any renewal or cancellation thereof. In the event any stockpiled material remains on the premises beyond this SIX (6) MONTHS period, the LESSEE, at its option shall pay to LESSOR a reasonable rent which shall he negotiated by the parties or shall donate the stockpiled materials to the LESSOR.
Terms and Consideration. The term of the tenancy shall be from today til , and thereafter month to month, and occupant shall pay as rental for the storage unit the sum of $ per month, the first monthly payment being due and payable upon the execution of this Agreement. Thereafter, the monthly rental shall be due on the first day of the month as the date of this Agreement at the address of the operator. (THE RENT SHALL NOT BE REFUNDABLE IN WHOLE OR IN PART). At the time of execution of this Agreement, occupant shall deposit the sum of $ n/a with the operator to guarantee and insure that no damages to the locker room space shall occur while occupant occupies said space, to insure that occupant notified operator as soon as possible that he has vacated the space, and as security for any unpaid charges or any costs of disposition of property. Occupant shall not sublease said premises without written consent of Operator.
Terms and Consideration. (a) The term of this Agreement shall be for a period of Twelve (12) months commencing from the Effective Date of this Agreement (the “Engagement Period”), unless extended by mutual written agreement of the Company and the Consultant. The Company shall pay Consultant equity in the form of Two Million (2,000,000) shares of restricted common stock and One Million (1 million) five year term common stock purchase warrants exercisable at twenty-five cents (.25) with piggy-back registration rights. In the event the common shares underlying the warrants are not registered, then the warrants will have a cashless exercise feature. Cash compensation shall be $5,000 per month payable upon execution of this agreement.
Terms and Consideration. This Agreement shall be effective for a period of three years commencing on the date first written above (the “Engagement Period”). The Company shall issue to Consultant, upon execution of this Agreement, a three-year option to purchase 200,000 shares of the Company’s common stock with an exercise price of forty cents ($0.40) as of the date of this agreement. The option shall contain a mandatory conversion provision if the Company’s stock trades at $1.00 for 15 trading days. The Company will grant the Consultant piggyback registration rights, but in no event will the Company file a registration statement later than May 31, 2003.
Terms and Consideration. This Agreement shall be effective for a period of twelve months commencing on the date first written above (the "Engagement Period"), unless extended by mutual written agreement of the Company and the Consultant. The Company shall issue to Consultant, upon execution of this Agreement, 250,000 common stock purchase warrants (the "Warrants") exercisable for a period of five (5) years, with exercise price of $1.50. The Warrants shall be non-assessable, non-refundable and contain customary terms, including, but not limited to, piggyback registration rights, and cashless exercise provisions. Additionally, the company shall issue 400,000 common stock purchase warrants (the "Warrants") exercisable for a period of five (5) years, with exercise price of $1.75. The Warrants shall be non-assessable, non-refundable and contain customary terms, including, but not limited to, piggyback registration rights, and cashless exercise provisions.
Terms and Consideration. This Agreement shall be effective for a period of three years commencing on the date first written above (the "Engagement Period"). The Company shall issue to Consultant, upon execution of this Agreement, 200,000 common stock purchase warrants (the "Warrants") exercisable for a period of three (3) years, with an exercise price equal to $1.00. The Warrants shall contain customary terms, including, but not limited to, demand and piggyback registration rights
Terms and Consideration. 9. Alberta hereby sells, grants and conveys to Blast co-ownership, and the unrestricted right to use the Technology as defined in paragraph 1, and to license such use to others, world-wide, consistent with the License Approval provisions in 15 & 16 below, upon payment of the partial consideration and progressive purchase described in 9.d below. Consideration for such ownership, including terms for sharing revenues as part payment of such consideration, and restrictions upon ownership pending payment of certain consideration, are as follows:
Terms and Consideration. This Agreement shall be effective for a period of three years commencing on the date first written above (the "Engagement Period"). The Company shall pay National $2,000 per month during the Engagement Period. The Company has the right to terminate the Agreement after six months. The Company shall issue to Consultant, upon execution of this Agreement, 100,000 common stock purchase warrants (the "Warrants") exercisable for a period of three (3) years, with an exercise price equal to $1.10. The Company shall issue to Consultant 100,000 common stock purchase warrants exercisable for a period of three (3) years, with an exercise price equal to $1.50 (the "Second Warrants"), 50,000 of the Second Warrants shall vest three months from the date of the Agreement and the other 50,000 of the Second Warrants shall vest six months and one day from the date of the Agreement, however, all 100,000 of the Second Warrants shall vest upon the Consultants introduction to registered representatives of the Consultant located in the Consultant's Boca Raton, New York, and Seattle offices. The Warrants and Second Warrants shall contain customary terms, including, but not limited to, demand and piggyback registration rights.
Terms and Consideration. This Agreement shall be effective for a period of twelve months commencing on the date first written above (the "Engagement Period"). The Company shall issue to Consultant 100,000 shares of common stock of the Company (the "Common Stock"). The Common Stock shall be issued as follows: 50,000 shares upon the execution of this agreement; 25,000 shares 90 days from this agreement; 12,500 shares 180 days from this agreement, and 12,500 shares 270 days from this agreement. The Company shall issue to Consultant 200,000 common stock purchase warrants (the "Warrants") exercisable for a period of five (5) years exercisable at 120% of the market price of the common stock at the execution of this agreement. The Warrants shall be issued in four tranches of 50,000 warrants per tranch, as follows: the first tranche shall be issued upon execution of this agreement, the second tranche shall be issued 90 days from the execution of this agreement, the third tranche shall be issued 180 days from the execution of this agreement, and the final tranche shall be issued 270 days from the execution of this agreement. The market price will be determined by the average last five trading days closing price prior to the execution of this agreement. The Company has the right to terminate this Agreement at any time. If the agreement is terminated the unissued Common Stock and Warrants shall not be issued to Consultant. The Company will file a registration statement for the Common Stock and the common stock underlying the Warrants within 120 days from the execution of this agreement and the Company will use its best efforts to have the registration declared effective 180 days from the execution of this agreement. The Warrants shall provide piggyback registration rights.
