Month Two and Beyond Clause Samples

Month Two and Beyond. The Client shall issue at the end of each successive month following Month One and the Month One Share Fee, one hundred sixty thousand (160,000) shares of the Client's common stock for each successive month of the Consultant's services rendered under the Agreement. Consultant acknowledges and understands said stock is unregistered, restricted stock and any certificate(s) for shares of the Client issued pursuant to this paragraph will contain the following restrictive legend: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION FOR THESE SHARES UNDER SUCH ACT OR AN OPINION OF THE COMPANY'S COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SAID ACT.