Common use of Compensation and Expense Clause in Contracts

Compensation and Expense. REIMBURSEMENT ----------------------------------------- Concurrently with the execution hereof, the Company shall issue to Consultant 50,000,000 shares of $.001 par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges.

Appears in 2 contracts

Sources: Consulting Agreement (Gateway Distributors LTD), Consulting Agreement (Gateway Distributors LTD)

Compensation and Expense. REIMBURSEMENT ----------------------------------------- Concurrently with the execution hereof, the Company shall grant and issue to Consultant 50,000,000 the 400,000,000 free trading shares of $.001 RNKE par value common stock of the Company (the "Shares") which shall be registered with the United States Securities and Exchange Commission and applicable state securities agencies so as to enable the Shares to be freely saleable and tradable in the public securities markets. The Company shall use its best and diligent efforts to maintain all SEC and other registrations so as to enable said Shares to be fully saleable and tradable for a period of five (5) years from the date hereof. Consultant in providing the foregoing services shall be reimbursed for any pre-approved out-of-pocket costs, including, without limitation, travel, lodging, telephone, postage and over night shipping charges.

Appears in 1 contract

Sources: Consulting Agreement (Roanoke Technology Corp)