Common use of PROCEEDS OF SALES Clause in Contracts

PROCEEDS OF SALES. Cafe Serendipity Holdings, Inc. will pay to mCig, Inc. the amount Net 10 days of the date of delivery to Cafe Serendipity Holdings, Inc. of the mCig Products. In the event of a failure to not provide payment, Cafe Serendipity Holdings, Inc. agrees to a lien on all mCig Products held by Cafe Serendipity Holdings, Inc. until such payment is met.

Appears in 2 contracts

Sources: Product Distribution Agreement (Cafe Serendipity Holdings, Inc.), Product Distribution Agreement (mCig, Inc.)