Common use of Term of Commitment Clause in Contracts

Term of Commitment. The Consultant shall perform consulting services for The Client for 2 months or until the company has determined upon that agreed upon objectives have been met and the terms of commitment have been fulfilled. Such services shall commence upon receipt of the first payment as outlined in Schedule B, to be renewed for 2 additional months subject to adjustments to the issuance of the shares based on the price of the shares 10 day average price prior to the end of the 2 month period and subject for approval by both REGI U.S. and ▇▇▇▇ ▇▇▇▇▇. Schedule B 150,000 free trading shares for the 2 months consulting services 150,000 warrants(1) exercisable @ .12 - to be exercised within 30 days 125,000 warrants(1) exercisable @. 20 - to be exercised within 60 days 150,000 warrants(1) exercisable @ .30 - to be exercised within 90 days subject to a renewed consulting agreement. 125,000 warrants(1) exercisable @. 50 - to be exercised within 90 days subject to a renewed consulting agreement.