Compensation for the Services. In consideration for the services rendered by THE COMPANY shall pay to Design as follows: A. THE COMPANY shall pay to Design a fee of Two Million Eight Hundred Thousand shares of restricted stock of the company. This fee shall be non-refundable and considered earned when the shares are delivered. It is agreed that the fee shall be paid within 3 days after execution of this agreement. Design may designate third parties to be paid all or a portion of the fee by notifying The company. This agreement may be assigned to principles of Design to perform this service. In the event that the shares are not delivered within 10 days of the execution of this agreement a penalty of One Hundred Thousand shares will be assessed to the Company, the issuance of shares is non refundable and due without offset.
Appears in 3 contracts
Sources: Consulting Agreement (National Healthcare Technology Inc), Consulting Agreement (National Healthcare Technology Inc), Consulting Agreement (National Healthcare Technology Inc)