Terms for Additional Payments Sample Clauses

Terms for Additional Payments. PGPG shall cause to be paid to CII the remaining balance of $95,000.00 US through the issuance of 35,000 shares (the "shares) registered in the name of Corporate Identities, Inc. The certificate for the shares shall bear the following restrictive legend: The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be sold, transferred, pledged, hypothecated, or otherwise disposed of in the absence of (i) an effective registration statement for such securities under such act or (ii) an opinion of company counsel that registration is not required. The certificate for the Shares shall be issued and registered in the name of CII within 10 days of the execution and delivery of this agreement. Physical delivery of the certificate to CII shall be no later than June 1st 2000.