Under the terms of the agreement on 26th of September, the...

Under the terms of the agreement on 26th of September, the Company (Avenira) could elect if payment would be in cash or via shares. If Avenira offered payment by way of shares, and Aleees did not accept payment via that arrangement, then the agreement would be terminated. So we can conclude, on the basis that the agreement proceeded, that Avenira did not offer shares and Aleees did not refuse them as payment. The agreement clearly states of Aleees do not accept shares as payment, the agreement is terminated

So no, Aleees did not elect to take payment in cash. They accepted the payment terms offered by Avenira.