Consideration for Redemption Clause Samples

Consideration for Redemption. As consideration for the Redemption as described in Section 1.1, at the Closing, upon delivery of the Redeemed Units as set forth in Section 1.2, ETP shall assign and transfer the Trunkline Interest to ETE (the “Transfer”), such Transfer to be evidenced by the delivery of an assignment, in the form attached as Annex D hereto (the “Assignment”).

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.

Consideration for Redemption. The consideration to be given by the Company to Seller for the Redeemed Shares is set forth at Schedule 2.02 of the Disclosure Schedule (the "Redemption Interests"). The Redemption Interests shall be conveyed to Seller by the Company's execution and delivery of the assignment and ▇▇▇▇ of sale contemplated by the form of Stock Redemption Agreement attached hereto as Exhibit B (the "Redemption Agreement"). Such assignment shall be effective as of the Closing Date and shall be expressly made without any warranty or representation, express or implied, as to title, condition or any other matter (but, to the extent transferable, with subrogation of Seller to all covenants and warranties theretofore made by any of the Company's predecessors in title).