Common use of Restricted Common Stock Clause in Contracts

Restricted Common Stock. In consideration of the services to be rendered by Advisor pursuant to this Agreement, Advisor shall be entitled to receive as compensation 18,000 shares of the Company’s common stock. The shares of common stock of the Company shall be issued after the closing of the PIPE financing for the Company’s acquisition of Grilled Cheese, Inc. concurrent with the Alternative Public Offering. Advisor acknowledges that the common stock has not been registered under the Securities Act of 1933, as amended, or under any state securities laws. Advisor is familiar with the provisions of the Securities Act and Rule 144 thereunder and understands that restrictions governing sale apply.

Restricted Common Stock. In consideration of the services to be rendered by Advisor pursuant to this Agreement, Advisor shall be entitled to receive as compensation 18,000 shares $60,000 in the form of the Company’s common stock. The number of shares of common stock of the Company shall be issued after based on a value equal to the closing of per share price that shares to be sold in the PIPE financing for the Company’s acquisition of Grilled Cheese, Inc. concurrent with the Alternative Public Offering. Advisor acknowledges that the common stock has not been registered under the Securities Act of 1933, as amended, or under any state securities laws. Advisor is familiar with the provisions of the Securities Act and Rule 144 thereunder and understands that restrictions governing sale apply.