Common use of Term and Compensation Clause in Contracts

Term and Compensation. The Term of this Consulting Agreement will be six (6) months from the date this Consulting Agreement is executed. In consideration of Services to be rendered during the Term and services already rendered to date, the Company will pay to the Consultant a flat fee in the amount of USD$8,250.00. Upon execution of this agreement, the Company will also issue 500,000 warrants to purchase common shares of the Company at an exercise price of USD$0.19 with an expiry of 3 (three) years. Consultant acknowledges that this fee constitutes taxable compensation and that any tax liability related hereto shall be the responsibility of Consultant.