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On the date that is five (5) Business Days after the Company's receipt of the Holder's Default Notice, the Default Amount, together with all other amounts payable hereunder, shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity, and (B) the Holder shall have the right at any time, so long as the Company remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Company, upon written notice (\"Default Exercise Notice\") (which may be given one or more times, from time to time anytime after the Default Amount Due Date), to immediately issue (a \"Default Exercise\"), in lieu of all or any specified portion (the \"Specified Portion\") of the unpaid portion (the \"Unpaid Portion\") of the Default Amount, a number (the \"Default Share Amount\") of shares (the \"Default Shares\") of Common Stock, subject to the Beneficial Ownership Limitation, equal to the Specified Portion of the Default Amount divided by the Exercise Price in effect on the date such shares are issued to the Holder, PROVIDED THAT, the Holder may require that such payment of shares be made in one or more installments at such time and in such amounts as Holder chooses. 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