DevvE Tokens Sample Clauses

DevvE Tokens. Upon the date of a Token Generation Event, Devvio shall issue to DESI an option to purchase 25,000 DevvE Tokens at a strike price of USD$40.00 and a term of 10 years. The option shall be available after one year after the Effective Date and shall vest 1/12 each month for 12 months starting on the anniversary of the Effective Date. In this Section 2.9, “DevvE Tokens” means fungible tokens recorded on the DevvX blockchain platform that have a focus on ESG applications and the Platform’s initiatives, with a total available supply limited to 21,000,000 tokens through 2030, as described in Devvio’s current DevvE literature.
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