Common use of Required Redemption Clause in Contracts

Required Redemption. In accordance with the provisions of the Purchase Agreement and this Convertible Debenture, the Company may elect or be required under certain circumstances, to redeem in whole or in part, the remaining unpaid principal amount of this Convertible Debenture, for cash at a redemption price (the "Redemption Price") equal to (x) the number of shares of Common Stock into which this Convertible Debenture is then convertible, times (y) the average Closing Bid Price of Common Stock for the five (5) Trading Days as reported by Bloomberg L.P. immediately preceding the date that this Convertible Debenture is called for redemption, plus accrued and unpaid interest.

Required Redemption. In accordance with the provisions of the Purchase Agreement and this Convertible Debenture, the Company may elect or be required under certain circumstances, to redeem in whole or in part, the remaining unpaid principal amount of this Convertible Debenture, for cash at a redemption price (the "Redemption Price") equal to (x) the number of shares of Common Stock into which this Convertible Debenture is then convertible, times (y) the average Closing Bid Price of Common Stock for the five (5) Trading Days as reported by Bloomberg L.P. immediately preceding the date that this Convertible Debenture is called for redemption, plus accrued and unpaid interest.