Further Defined Clause Samples

Further Defined. Any security issued or guaranteed as to principal and interest by the United States, or by a person controlled or supervised and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States.

Further Defined. The Managing Member’s compensation calculation for fiscal year 2023 and 2024 shall be based on “Assets Under Management,” which the Company defines as “the amount of paid in cash capital by investors / shareholders.” If the Assets Under Management of the Company were $100 Million Dollars at the end of either fiscal year quarter, The Managing Member would receive a cash payment from the Company in the amount of $250,000 (which is ¼ of 1%) for that quarter. Starting with the first fiscal year quarter of 2025, the Managing Member’s compensation calculation shall be based on “Market Capitalization,” which the company defines as “the value of the Company’s Common Shares that are traded on any, and all, stock market(s), calculated by multiplying the total number of Common Shares issued on any, and all, stock market(s) by the average Common Shares sales price over all days in that fiscal year’s quarter.” For example, if the Company has 1,000,000 Common Shares issued on any, and all, stock market(s) (including the OTC Market), and the daily average price for that particular fiscal year quarter was $100 per Common Share, The Managing Member’s quarterly compensation would be 1,000,000 X $100 = $100,000,000 X 0.25% = $250,000.