Common use of Settlement Compensation Clause in Contracts

Settlement Compensation. As compensation for the settlement of the Securities and the release of the Claims: (i) the Company shall issue the Noteholder 16,667 shares of the Company’s common stock (the “Settlement Shares”); and (ii) DAO shall issue the Noteholder a new $12,500 Zero Interest Non-Convertible Promissory Note (the “DAO Note” a copy of which has been attached hereto as Exhibit E and collectively, with the Settlement Shares, the “Settlement Compensation”). The Settlement Compensation shall represent the complete and final settlement of the total compensation the Noteholder has claimed as due and payable in connection with Claims.

Settlement Compensation. As compensation for the settlement of the Securities and the release of the Claims: (i) the Company shall issue the Noteholder 16,667 13,334 shares of the Company’s common stock (the “Settlement Shares”); and (ii) DAO shall issue the Noteholder a new $12,500 10,000 Zero Interest Non-Convertible Promissory Note (the “DAO Note” a copy of which has been attached hereto as Exhibit E and collectively, with the Settlement Shares, the “Settlement Compensation”). The Settlement Compensation shall represent the complete and final settlement of the total compensation the Noteholder has claimed as due and payable in connection with Claims.