As JenB says, the word is 'presents'.
In your clip, the 'p' is quite ornate - in a couple of the examples here, it looks almost as if there is an 's' or some other letter in front of it.
The superscript mark is an abbreviation for 're'.
You also come across it for an abbreviation for 'er', and 'ro', making words that start with 'per', or 'pro'. so you have to see what it would be from the context of the rest of the word, and the meaning of the sentence.
Just something to be aware of.
To be absolutely accurate in a transcription, you should write exactly what is written.
So 'acknowledge' is spelt 'acknowledg' in this piece, the phrase 'clearly and absolutely grant' is spelt 'clearely and absolutly grannt', and 'consideration' is spelt 'considerac(i)on'. There are probably others to check.
The line above the 'c' in 'considerac(i)on' indicates there is a letter missing.
It's used a lot in this 'cion' ending, which was much more commonly used than the 'tion' ending of words as we would use now.