definiens: ) and the Series B Preferred Stock ( as defined in the A&R COI ) ) of Sponsor, as follows : ( a ) During the first year of operation, Sponsor shall issue to Insti tution Fifty Thousand ( 50,000 ) shares of Series A Preferred Stock of Sponsor with each Quarterly Payment made to Institution, and with such Series A Preferred Stock valued at One Dollar ( $ 1.00 ) per share, for a total of Two Hundred Thousand ( 200,000 ) share s of Series A Preferred Stock of Sponsor ; and ( b ) During the second, third, fourth and fifth years of operation, Sponsor shall issue Twenty Thousand Eight Hundred Thirty -Three ( 20,833 ) shares of Series B Preferred Stock of Sponsor on a quarterly basis, wi th each Quarterly Payment made to Institution, and with each share of Series B Preferred Stock of Sponsor valued at Three Dollars ( $ 3.00 ) per share, and such that the Institution shall receive a total of Three Hundred Thirty -Three Thousand, Three Hundred T hirty -Three ( 333,333 ) shares of Series B Preferred Stock of Sponsor