Common use of Mandatory Redemptions Clause in Contracts

Mandatory Redemptions. i. On the thirty (30) day anniversary of the Original Issue Date (the “Initial Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $3,000,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Initial Mandatory Redemption Amount (such redemption, the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date shall be accreted to, and increase, the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full on the Initial Mandatory Redemption Date, the Second Mandatory Redemption is payable in full on the Second Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in full.

Mandatory Redemptions. i. On Beginning on the thirty earlier of (30i) day anniversary the first Trading Day of the Original Issue month immediately following the month in which the Underlying Share Registration Statement is first declared effective or (ii) May 2, 2007, and continuing on the first Trading Day of each calendar month for thirteen (13) months thereafter, the Company shall make mandatory redemptions (“Mandatory Redemptions”) consisting of outstanding principal and accrued and unpaid interest. The principal amount of each Mandatory Redemption shall be equal to One Hundred Fifteen Thousand Three Hundred Eighty-Four Dollars and Sixty-Two Cents ($115,384.62) plus an amount of accrued and unpaid interest based upon interest due over the life of the Debenture divided by thirteen (13) scheduled Mandatory Redemptions (“Mandatory Redemption Amount”) per calendar month, until all amounts owed under this Debenture have been paid in full, provided however the Investor at it sole option shall have the ability one (1) time during the life of this debenture, upon twenty (20) calendar days advance written notice to the Company notice provided that the VWAP of the Company’s Common Stock is at or above the Conversion Price with a volume traded of at least 1,250,000 shares per day for twenty (20) or more consecutive Trading Days, require that a Mandatory Redemption Amount be increased up to Seven Hundred Fifty Thousand Dollars ($750,000). The Company shall transmit a copy of a Redemption Notice in the form attached hereto as Exhibit A (the “Redemption Notice”) via facsimile (or other delivery) for receipt on or prior to 12:00 pm New York City time on the due date of such Mandatory Redemption (the “Redemption Date”) which shall (i) indicate the applicable Mandatory Redemption Amount, (ii) indicate the Company’s choice of settlement options (pursuant to Section 3(c)) with respect to such Redemption Notice, and (iii) be signed by an officer of the Company. The Company shall settle all Mandatory Redemptions within 5 Trading Days of the Redemption Date (the “Initial Mandatory Redemption Settlement Date”). The Holder shall have the absolute right, in its sole discretion, to suspend the Corporation Company’s obligations to make Mandatory Redemptions by providing the Company with written notice of such election (a “Suspension Notice”) prior to a Redemption Date. The Holder shall redeem have no obligation to accept any Mandatory Redemptions made by the Company during any suspension period specified in a number Suspension Notice after the Holder’s submission of shares such Suspension Notice. The obligation of Preferred the Company to make Mandatory Redemptions shall resume on the first Trading Day of the month following the expiration of the suspension period specified in a Suspension Notice. Notwithstanding the foregoing, if (A) the average VWAP of the Common Stock over the thirty (3) consecutive Trading Days immediately prior to the Redemption Date is equal to $3,000,000 of Stated Value on a pro rata basis among all or greater than 110% of the Holders, for an amount in cash equal to the Initial Mandatory Redemption Amount (such redemption, the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount Conversion Price then in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date shall be accreted toeffect, and increase, (B) the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full Underlying Share Registration Statement has been declared effective and remains effective on the Initial Mandatory Redemption Date, then the Second Company shall not be permitted or required to make a Mandatory Redemption is payable in full on the Second that month (a “Waiver Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in fullMonth”).

Mandatory Redemptions. i. On Beginning on March 1, 2007, and continuing on the thirty first Trading Day of each calendar month thereafter, the Company shall make mandatory redemptions (30"Mandatory Redemptions") day anniversary consisting of outstanding principal. The principal amount of each Mandatory Redemption shall be equal to $100,000 ("Mandatory Redemption Amount") per calendar month, until all amounts owed under this Debenture have been paid in full. The Company shall transmit a copy of a Redemption Notice in the form attached hereto as Exhibit A (the "Redemption Notice") via facsimile (or other delivery) for receipt on or prior to 5:00 pm New York City time at least one Trading Day prior to the due date of such Mandatory Redemption (the "Redemption Date") which shall (i) indicate the applicable Mandatory Redemption Amount, (ii) indicate the Company's choice of settlement options (pursuant to Section 3(c)) with respect to such Redemption Notice, and (iii) be signed by an officer of the Original Issue Company. The Company shall settle all Mandatory Redemptions within 5 Trading Days of the Redemption Date (the “Initial "Settlement Date"). The Holder shall have the absolute right, in its sole discretion, to suspend the Company's obligations to make Mandatory Redemption Date”), Redemptions by providing the Corporation shall redeem a number Company with written notice of shares of Preferred Stock equal to $3,000,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal such election ("Suspension Notice") prior to the Initial Mandatory Redemption Amount (such redemption, the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date shall be accreted to, and increase, the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full on the Initial Mandatory Redemption Date, the Second Mandatory Redemption is payable in full on the Second Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and The Holder shall have no obligation to accept any Mandatory Redemptions made by the Company during any suspension period specified in addition a Suspension Notice after the Holder's submission of such Suspension Notice. The obligation of the Company to any other provisions make Mandatory Redemptions shall resume on the first Trading Day of the month following the expiration of the suspension period specified in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in fulla Suspension Notice.

Mandatory Redemptions. i. On Upon the thirty occurrence of each Disposition or Liquidity Event (30) day anniversary as the case may be), the Company shall use 100% of the Original Issue Date Net Proceeds (as defined below) with respect to such Disposition or Liquidity Event (as the case may be) (the “Initial Applicable Net Proceeds”) to redeem this Note in the manner and in such amounts as are set forth herein (each being a “Mandatory Redemption”). With respect to each Disposition and each Liquidity Event (as the case may be), the Company shall deliver a written notice by confirmed facsimile and overnight courier (with next day delivery specified) to all, but not less than all, of the holders of Notes (the “Mandatory Redemption Notice” and the date such notice is delivered to all such holders is referred to as the “Mandatory Redemption Notice Date”) stating (a) the date on which the applicable Mandatory Redemption shall occur (the “Mandatory Redemption Date”), which date shall be the Corporation date such Disposition or Liquidity Event (as the case may be) is consummated, (b) the amount of Applicable Net Proceeds with respect to such Disposition or Liquidity Event (as the case may be) and (c) the Mandatory Redemption Price (as defined below) with respect to such Disposition or Liquidity Event (as the case may be). The applicable Mandatory Redemption Notice shall redeem a number of shares of Preferred Stock equal be delivered as soon as practicable prior to $3,000,000 of Stated Value on a pro rata basis among all the consummation of the Holdersapplicable Disposition or Liquidity Event (as the case may be), and the Company shall make a public announcement containing the information set forth in such Mandatory Redemption Notice on or before the applicable Mandatory Redemption Notice Date to the extent that the notice contains any, or constitutes, material, non-public information. Redemptions required by this Section 6 shall be made in accordance with, and be subject to, the provisions of Section 7. To the extent redemptions required by this Section 6 are deemed or determined by a court of competent jurisdiction to be prepayments of this Note by the Company, such redemptions shall be deemed to be voluntary prepayments. The Company agrees that in the event of the Company’s redemption of any portion of this Note under this Section 6, the Holder’s damages would be uncertain and difficult to estimate because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable substitute investment opportunity for the Holder. “Mandatory Redemption Price” means, with respect to a particular Disposition or Liquidity Event (as the case may be), an amount in cash equal to the Initial product of (i) the Applicable Net Proceeds with respect to such Disposition or Liquidity Event (as the case may be) multiplied by (ii) the quotient of (1) the sum of (A) the Principal of this Note outstanding as of the date of redemption, (B) the amount of any accrued and unpaid Interest on this Note through the date of redemption and (C) the amount of any accrued and unpaid Late Charges on such Principal and such Interest specified in clauses (A) and (B) through the date of redemption divided by (2) the sum of (X) the principal amount of all Non-Convertible Notes outstanding as of the date of redemption, (Y) the amount of any accrued and unpaid Interest on all Non-Convertible Notes through the date of redemption and (Z) the amount of any accrued and unpaid Late Charges on such principal and such Interest specified in clauses (X) and (Y) through the date of redemption. To the extent the Company effects a Mandatory Redemption Amount (such redemptionunder this Note, then the “Initial Mandatory Redemption”)Company must simultaneously take the same action with respect to all the Other Non-Convertible Notes. On the sixty (60) day anniversary It is expressly understood and agreed that payments under this Section 6 and Section 6 of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date Other Non-Convertible Notes shall be accreted made prior to, and increasehave priority over, any payments required to be made under Section 10 of the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full on the Initial Mandatory Redemption Date, the Second Mandatory Redemption is payable in full on the Second Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in fullConvertible Notes.

Mandatory Redemptions. i. On Beginning on February 6, 2007, and continuing on the thirty first Trading Day of each calendar month (30“Mandatory Redemption Due Date”) day anniversary for twelve (12) months thereafter, the Company shall make mandatory redemptions (“Mandatory Redemptions”) consisting of outstanding principal, accrued and unpaid interest and a Redemption Premium. The principal amount of each Mandatory Redemption shall be equal to the amount of outstanding principal divided by twelve (12), plus accrued and unpaid interest as well as the Redemption Premium per calendar month, until all amounts owed under this Debenture have been paid in full. The Company shall transmit a copy of a Redemption Notice in the form attached hereto as Exhibit A (the “Redemption Notice”) via facsimile (or other delivery) for receipt on or prior to 12:00 pm New York City time on the due date of such Mandatory Redemption (the “Redemption Date”) which shall (i) indicate the applicable Mandatory Redemption Amount, (ii) indicate the Company’s choice of settlement options (pursuant to Section 3(c)) with respect to such Redemption Notice, and (iii) be signed by an officer of the Original Issue Company. The Company shall settle all Mandatory Redemptions within 5 Trading Days of the Redemption Date (the “Initial Mandatory Redemption Settlement Date”). The Holder shall have the absolute right, in its sole discretion, to suspend the Corporation Company’s obligations to make Mandatory Redemptions by providing the Company with written notice of such election (a “Suspension Notice”) prior to a Redemption Date. The Holder shall redeem have no obligation to accept any Mandatory Redemptions made by the Company during any suspension period specified in a number Suspension Notice after the Holder’s submission of shares such Suspension Notice. The obligation of Preferred the Company to make Mandatory Redemptions shall resume on the first Trading Day of the month following the expiration of the suspension period specified in a Suspension Notice. Notwithstanding the foregoing, if (A) the VWAP of the Common Stock is equal to or greater than $3,000,000 of Stated Value on a pro rata basis among all 1.10 for the five (5) consecutive Trading Days prior to the Monthly exceeds the Conversion Price for each of the Holders, for an amount in cash equal five consecutive Trading Days immediately prior to the Initial Mandatory Redemption Amount Date and (such redemption, B) the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date shall be accreted to, Underlying Share Registration Statement has been declared effective and increase, the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full remains effective on the Initial Mandatory Redemption Date, then the Second Holder at its sole option shall have the ability to waive a Mandatory Redemption is payable in full on the Second that month (a “Waiver Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in fullMonth”).

Mandatory Redemptions. i. On Beginning on the thirty earlier of (30i) day anniversary the first Trading Day of the Original Issue month immediately following the month in which the Underlying Share Registration Statement is first declared effective or (ii) May 2, 2007, and continuing on the first Trading Day of each calendar month for thirteen (13) months thereafter, the Company shall make mandatory redemptions (“Mandatory Redemptions”) consisting of outstanding principal and accrued and unpaid interest. The principal amount of each Mandatory Redemption shall be equal to Ninety-Two Thousand Three Hundred Seven Dollars and Sixty-Nine Cents ($92,307.69) plus an amount of accrued and unpaid interest based upon interest due over the life of the Debenture divided by thirteen (13) scheduled Mandatory Redemptions (“Mandatory Redemption Amount”) per calendar month, until all amounts owed under this Debenture have been paid in full, provided however the Investor at it sole option shall have the ability one (1) time during the life of this debenture, upon twenty (20) calendar days advance written notice to the Company notice provided that the VWAP of the Company’s Common Stock is at or above the Conversion Price with a volume traded of at least 1,250,000 shares per day for twenty (20) or more consecutive Trading Days, require that a Mandatory Redemption Amount be increased up to Seven Hundred Fifty Thousand Dollars ($750,000). The Company shall transmit a copy of a Redemption Notice in the form attached hereto as Exhibit A (the “Redemption Notice”) via facsimile (or other delivery) for receipt on or prior to 12:00 pm New York City time on the due date of such Mandatory Redemption (the “Redemption Date”) which shall (i) indicate the applicable Mandatory Redemption Amount, (ii) indicate the Company’s choice of settlement options (pursuant to Section 3(c)) with respect to such Redemption Notice, and (iii) be signed by an officer of the Company. The Company shall settle all Mandatory Redemptions within 5 Trading Days of the Redemption Date (the “Initial Mandatory Redemption Settlement Date”). The Holder shall have the absolute right, in its sole discretion, to suspend the Corporation Company’s obligations to make Mandatory Redemptions by providing the Company with written notice of such election (a “Suspension Notice”) prior to a Redemption Date. The Holder shall redeem have no obligation to accept any Mandatory Redemptions made by the Company during any suspension period specified in a number Suspension Notice after the Holder’s submission of shares such Suspension Notice. The obligation of Preferred the Company to make Mandatory Redemptions shall resume on the first Trading Day of the month following the expiration of the suspension period specified in a Suspension Notice. Notwithstanding the foregoing, if (A) the average VWAP of the Common Stock over the thirty (3) consecutive Trading Days immediately prior to the Redemption Date is equal to $3,000,000 of Stated Value on a pro rata basis among all or greater than 110% of the Holders, for an amount in cash equal to the Initial Mandatory Redemption Amount (such redemption, the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount Conversion Price then in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed on such date shall be accreted toeffect, and increase, (B) the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full Underlying Share Registration Statement has been declared effective and remains effective on the Initial Mandatory Redemption Date, then the Second Company shall not be permitted or required to make a Mandatory Redemption is payable in full on the Second that month (a “Waiver Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in fullMonth”).

Mandatory Redemptions. i. On Upon the thirty occurrence of each Disposition or Liquidity Event (30as the case may be), the Company shall use the Net Proceeds (as defined below) day anniversary of with respect to such Disposition or Liquidity Event (as the Original Issue Date case may be) (the “Initial Applicable Net Proceeds”) to redeem this Note in the manner and in such amounts as are set forth herein (each being a “Mandatory Redemption”). With respect to each Disposition and each Liquidity Event (as the case may be), the Company shall deliver a written notice by confirmed facsimile and overnight courier (with next day delivery specified) to the Holder of this Note (the “Mandatory Redemption Notice” and the date such notice is delivered to the Holder is referred to as the “Mandatory Redemption Notice Date”) stating (a) the date on which the applicable Mandatory Redemption shall occur (the “Mandatory Redemption Date”), which date shall be the Corporation date such Disposition or Liquidity Event (as the case may be) is consummated, (b) the amount of Applicable Net Proceeds with respect to such Disposition or Liquidity Event (as the case may be) and (c) the Mandatory Redemption Price (as defined below) with respect to such Disposition or Liquidity Event (as the case may be). The applicable Mandatory Redemption Notice shall redeem a number of shares of Preferred Stock equal be delivered as soon as practicable prior to $3,000,000 of Stated Value on a pro rata basis among all the consummation of the Holders, for an amount in cash equal to applicable Disposition or Liquidity Event (as the Initial Mandatory Redemption Amount (such redemption, the “Initial Mandatory Redemption”). On the sixty (60) day anniversary of the Original Issue Date (the “Second Mandatory Redemption Date”case may be), and the Corporation Company shall redeem make a number of shares of Preferred Stock equal to $2,500,000 of Stated Value on a pro rata basis among all of public announcement containing the Holders, for an amount information set forth in cash equal to the Second Mandatory Redemption Amount (such redemption, the “Second Mandatory Redemption”). On the Ninety (90) day anniversary of the Original Issue Date (the “Third Mandatory Redemption Date”), the Corporation shall redeem a number of shares of Preferred Stock equal to $500,000 of Stated Value on a pro rata basis among all of the Holders, for an amount in cash equal to the Third Mandatory Redemption Amount (such redemption, the “Third Mandatory Redemption”). If funds are not legally available for the payment of Initial Mandatory Redemption, the Second Mandatory Redemption or the Third Mandatory Redemption, then such Mandatory Redemption Amount owed Notice on such date or before the applicable Mandatory Redemption Notice Date to the extent that the notice contains any, or constitutes, material, non-public information. Redemptions required by this Section 6 shall be accreted made in accordance with, and be subject to, and increasethe provisions of Section 7. To the extent redemptions required by this Section 6 are deemed or determined by a court of competent jurisdiction to be prepayments of this Note by the Company, such redemptions shall be deemed to be voluntary prepayments. The Company agrees that in the event of the Company’s redemption of any portion of this Note under this Section 6, the outstanding Stated Value. The Initial Mandatory Redemption Amount is payable in full on the Initial Mandatory Redemption Date, the Second Mandatory Redemption is payable in full on the Second Mandatory Redemption Date and the Third Mandatory Redemption is payable in full on the Third Mandatory Redemption Date. Without limitation and in addition to any other provisions in this Certificate of Designation with respect to the Holders’ conversion rights, the Corporation covenants and agrees that it will honor all Notices of Conversion with respect to the Mandatory Redemption Amount tendered up until the Initial, Second and Third Mandatory Redemption Amounts are paid in full.Holder’s damages would be