Appointment of Advisor Contract Clauses (12)

Appointment of Advisor. The Company hereby appoints the Advisor to the Company's Board of Advisors (the "Board of Advisors"). The Advisor will advise the Company from time to time on market insight guidance, capital markets promotion, developing capital markets and financing strategies build market awareness with potential accredited investors, funds, traders and broker dealers with whom Advisor has maintained a longstanding relationship, introduce the Company to such individuals and entities and as otherwise requested... by the Chief Executive Officer of Company and agreed to by Advisor (the "Services"). Upon execution of this Agreement Advisor will make himself reasonably available at the Company's request and attend meetings or conference calls in connection with the Services. The term ("Term") of this Agreement shall be three months from the date hereof and may be extended for additional three (3) month periods upon the mutual written consent of Company and Advisor. 2 Compensation. As compensation for providing such consulting services to the Company pursuant to this Agreement, the Company agrees: 2.1 to grant upon the execution of this Agreement 100,000 shares (together with any additional shares issued pursuant to this paragraph 2, (the "Shares") of the Company's common stock, par value $.001 per share (the "Common Stock"); 2.2 future shares of Common Stock shall be issued to the Advisor in the amount of 50,000 shares for each additional three (3) month extension of this Agreement. 2.3. a fee of $1,500 per month which shall accrue until the Company raises $1,250,000 or more of additional financing and be paid within 10 days thereof and shall be paid thereafter monthly( the "Fees"); and, 2.4. additional compensation stock and/or cash compensation as determined by the Board of Directors of the Company. View More