Consideration for Redemption. As payment in full for the redemption of the Adjustable Warrants, concurrently with the execution and delivery of this Agreement, the Company shall (i) pay to each Investor the sum of $833,333.33 by wire transfer of immediately available funds to an account designated in writing by such Investor, (ii) execute and deliver a promissory note (a "Note") to each Investor for up to an additional $1,375,000 in the form attached hereto as Exhibit A, and (iii) deliver or cause to be delivered to each Investor a stock certificate, with restrictive legend, subject to removal subject to resale with a prospectus, representing 131,196 shares of Common Stock, which shares shall be registered in the name of such Investor and shall be freely tradeable.
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Consideration for Redemption. As payment in full consideration for the redemption of the Adjustable Warrants, concurrently with upon the execution and delivery of this Agreement, Initial Redemption Date the Company shall (i) pay to each the Investor the sum of $833,333.33 by wire transfer of immediately available funds to an account designated in writing by such the Investor, (ii) execute and deliver a promissory note (a "Note") to each the Investor for up to an additional $1,375,000 1,166,666.67 in the form attached hereto as Exhibit A, and (iii) deliver or cause to be delivered to each the Investor a stock certificate, with restrictive legend, subject to removal subject to resale with a prospectus, prospectus representing 131,196 shares of Common Stock, which shares shall be registered in the name of such Investor and shall be freely tradeable.
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