Common use of Share Fee Clause in Contracts

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 under this Agreement, the Director will receive at the Director's election and option, one five million (1,000,0005,000,000) 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.