Common use of Engagement Fee Clause in Contracts

Engagement Fee. As express consideration for Consultant entering into this Agreement, Client shall issue an aggregate of 1,500,000 shares of its common stock, par value $.001 per share (the "Engagement Fee"). When issued, said shares shall be restricted shares, although at the earliest availability, Client shall register such shares with the U.S. Securities and Exchange Commission (the "SEC") on a Form S-8 or a similar registration statement. Such shares shall be issued and delivered to Consultant within ten days of the effective date of this Agreement.