Common use of Debts Secured Clause in Contracts

Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation of ETL: (a) a convertible debenture issued by ETL in favor of Leaddog Capital L.P., dated January of 2008, in the principal amount of Eighty-five Thousand Dollars ($85,000), any and all renewals, extensions, replacements, modifications and amendments thereof (the “Debenture”).

Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation of ETL: (a) a convertible debenture issued by ETL in favor of Leaddog Capital L.P., dated January December of 20082007, in the principal amount of EightyNinety-five four Thousand Three Hundred Dollars ($85,00094,300), any and all renewals, extensions, replacements, modifications and amendments thereof (the “Debenture”).