Shriver's a lot younger than I pictured him. Doesn't look very upset. I expected an older fella'....by the way, here is the latest agreement. The shares are restricted as per the original and amended agreements.
I apologize for embarrassing you, frog. It just turned out that way.
Consultant Agreement with Member of Our Scientific Advisory Board
During May 2005, we entered into a one-year agreement with our Scientific Advisory Board member, to continue collaboration with us to develop commercial tests for genetic ancestry and particular physical phenotypes. We have agreed to compensate this consultant with quarterly payments of $4,000 and 2,500 shares of our common stock. The term of this agreement is one year with automatic renewals each year unless either party provides written notice of its intent not to renew within thirty days prior to the annual anniversaries of this agreement. During May 2005, we also entered into a license agreement with this consultant. This license will remain in force in perpetuity as long as we are not in default of the agreement. We agreed to provide the consultant with royalties of 2.5% of the net revenues derived from a product and any subsequent versions of the products developed with his help.
For the services performed by this member for being on the Scientific Advisory Board, we have a commitment to issue 2,500 shares of our common stock each year through 2007.
DNAPRINT GENOMICS INC: 10KSB, Sub-Doc 1, Page 74
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