$750,000 Note. Upon the execution of this Agreement, Lichtenstein has executed and delivered to Presidential a $750,000 xxxxxxxxxx xote, substantially in the form annexed hereto and made a part hereof as Exhibit H (the "$750,000 Note"). As security for the payment of the $750,000 Note, Lichtenstein has simultaneously herewith executed and delivered to Xxxxxxxxxxxx a Pledge and Security Agreement (IATG), substantially in the form annexed hereto and made a part hereof as Exhibit I, collaterally assigning to Presidential a 25% interest in IATG (the "$750,000 Pledge") and, in connection with the $750,000 Pledge, IATG and Presidential have executed an agreement substantially in the form annexed hereto as Exhibit I-1 (the "IATG $750,000 Omnibus Agreement"). (The 25% interest in IATG being pledged herein, together with the remaining 23% interest in IATG held by Lichtenstein and the 1% interest in IATG held by IATG Manager, also xxxxx xx xxllateral security for certain obligations of Lichtenstein to Presidential more particularly described in Section 0.00 xx xxxs Agreement and are subject to an option in favor of Pres IATG (as hereinafter defined) as more particularly described in Section 3.04 of this Agreement. Said aggregate 48% interest in IATG constitutes all of Lichtenstein's interest in IATG remaining after transferring to Prexxxxxxxxx x 00% membership interest in IATG in accordance with Section 3.04 of this Agreement (other than the beneficial interest in IATG held by Lichtenstein as the 99% member of IATG Manager, the managing member xx XXXX xxx the owner of a 1% interest therein)).
