Share Fee. As additional compensation,
Share Fee. As compensation under this Agreement, the Director will receive at the Director's election and option, three hundred thousand (300,000) shares Company's Common Stock, $0.001 par value (the "Shares"), a non-employee director stock option to purchase three hundred thousand (300,000) shares, or a Warrant to purchase three hundred thousand (300,000) shares. Any option or warrant issued pursuant to this agreement will contain a provision for the cashless exercise of said option or warrant. The price of any Shares issued or purchased pursuant to this Agreement shall be deemed to be $0.08 per Share, which is one hundred percent (100%) of the fair market value of the Shares on the date hereof.
Share Fee. As compensation under this Agreement, the Director will receive at the Director's election and option, one million (1,000,000) shares Company's Common Stock, $0.001 par value (the "Shares"). The Shares shall be registered pursuant to Section 5 of the Securities Act of 1933, as amended, under on Securities and Exchange Commission Form S-8.
Share Fee. As compensation, within fifteen (15) days after execution of this Agreement, the Client shall issue share certificates to Consultant representing two hundred thousand (200,000) shares of the Client's common stock ("Share Fee"). Consultant acknowledges and understands said stock is unregistered, restricted stock. Consultant agrees to fully comply with the requirements set forth in the SEC Release No. 33-7390, dated February 20, 1997, as amended from time to time, and acknowledges that 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.
Share Fee. As compensation under this Agreement, Consultant will receive at the Consultant’s election and option, and as previously specified in the Non-Employee Director Agreement dated January 1, 2007, five hundred thousand (500,000) shares of the Company’s Common Stock, $0.001 par value (the ÒSharesÓ), a non-employee director stock option to purchase five hundred thousand (500,000) shares, or a Warrant to purchase five hundred thousand (500,000) shares. Any option or warrant issued pursuant to this agreement will contain a provision for the cashless exercise of said option or warrant. The price of any Shares issued or purchased pursuant to this Agreement shall be deemed to be $0.05 per Share, which is one hundred percent (100%) of the fair market value of the Shares on the date hereof.
Share Fee. As compensation, Client shall issue shares of GK Intelligent Systems, Inc. common stock to Consultant according to the following formula:
Share Fee. In addition to the cash fee provided by Section 2.2(f)(i) hereof, the Borrower shall pay to Lender a fee for advisory services by issuing to Lender that number of shares of the Borrower’s Common Stock equal to a dollar amount of Oxx Xxxxxxx Xxxxxxx-Xxxx Xxxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars (US$175,000.00) (the “Share Value”). For purposes of determining the number of shares issuable to Lender under this Section 2.2(f) (the “Facility Fee Shares”), the Borrower’s Common Stock shall be valued at price equal to the lowest volume weighted average price for the Common Stock for the five (5) Business Days immediately prior to the Closing Date (the “Valuation Date”), as reported by Bloomberg (the “VWAP”). The Lender shall confirm to the Borrower in writing, the VWAP for the Common Stock as of the Valuation Date, and the corresponding number of Facility Fee Shares issuable to the Lender based on such price. The Borrower shall instruct its transfer agent to issue certificates representing the Facility Fee Shares issuable to the Lender immediately upon the Borrower’s execution of this Agreement, and shall cause its transfer agent (the “Transfer Agent”) to deliver such certificates to Lender within three (3) Business Days from the Closing Date. In the event such certificates representing the Facility Fee Shares issuable hereunder shall not be delivered to the Lender within said three (3) Business Day period, same shall be an immediate default under this Agreement and the other Loan Documents. The Facility Fee Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable shares of the Borrower’s Common Stock. The Facility Fee Shares shall be deemed fully earned as of the Closing Date, regardless of the amount or number of Revolving Loans made hereunder. Notwithstanding anything contained in this sub-section to the contrary, the Borrower shall not issue, at any one time, an amount of shares equal to more than 4.99% of the Borrower’s issued and outstanding shares of Common Stock.
Share Fee. As compensation, Client shall issue share certificates to Consultant representing one hundred thousand (100,000) shares of Client's common stock for Consultant's services rendered under the Agreement. Half (50,000) of the shares shall be issued to Consultant immediately upon filing of the 15c211 form with NASD, with the other half (50,000) to be issued when Client's stock is up and trading on the Bulletin Board. 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.
Share Fee. As compensation under this Agreement, the Director will receive three hundred thousand (300,000) shares, or a non-employee director stock option to purchase three hundred thousand (300,000) shares, of the Company's Common Stock, $0.001 par value (the "Shares") pursuant to the GK Intelligent System, Inc. 2003 Stock Option Plan or the Non-Employee Directors and Consultants Retainer Stock Plan for the Year 2003. The price of any Shares issued or purchased pursuant to this Agreement shall be deemed to be $0.14 per Share, which is one hundred percent (100%) of the fair market value of the Shares on the date hereof.
Share Fee. For each sale completed, the Eurobusnext platform and the affiliated sites, will be entitled to a commission share of 6%.
