Common use of PART OF CONSIDERATION Clause in Contracts

PART OF CONSIDERATION. Consultant also agrees, acknowledges, covenants, represents and warrants that he is fully and completely aware that, and further understands that, the restrictive covenants contained in Sections 7 and 8 of this Agreement are an essential part of the consideration for the Company entering into this Agreement and that the Company is entering into this Agreement in full reliance on such acknowledgements, covenants, representations and warranties.

PART OF CONSIDERATION. Consultant also agrees, acknowledges, covenants, represents and warrants that he is fully and completely aware that, and further understands that, the restrictive covenants contained in Sections 7 and 8 Section 6 “Restrictive Covenants” of this Agreement and in the Invention Agreement, which are incorporated herein, are an essential part of the consideration for the Company entering into this Agreement and that the Company is entering into this Agreement in full reliance on such acknowledgementsacknowledgments, covenants, representations and warranties.

PART OF CONSIDERATION. Consultant also agrees, acknowledges, covenants, represents and warrants that he is fully and completely aware that, and further understands that, the restrictive covenants contained in Sections 7 and 8 Section 6 of this Agreement and in the Intellectual Property, Confidentiality and Non-Competition Agreement dated , 2004 between the Company and the Consultant (the “IP Agreement”) which is incorporated herein are an essential part of the consideration for the Company entering into this Agreement and that the Company is entering into this Agreement in full reliance on such acknowledgementsacknowledgments, covenants, representations and warranties.