Common use of Right of Redemption Clause in Contracts

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "“Redemption Notice"”), to redeem a portion or all amounts outstanding under this Debenture Note prior to the Maturity Date provided that only if the Closing Bid Price of the of Obligor’s ADSs (representing Ordinary Shares as defined in the Obligor's Common StockSecurities Purchase Agreement), as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Notice and the Obligor shall pay an amount equal to the principal amount outstanding and accrued interest being redeemed redeemed, plus a redemption premium ("Redemption Premium") equal to of twenty percent (20%) (“Redemption Premium”) of the principal amount being redeemed, and accrued interest, redeemed (collectively referred to as the "“Redemption Amount"”). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture Note the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), right to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeNotice (as defined herein). The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty ten percent (2010%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The In order to make a redemption, the Obligor shall first provide written notice to the Holder of its intention to make a redemption (the "Redemption Notice") setting forth the amount of principal it desires to redeem. After receipt of the Redemption Notice the Holder shall have three (3) business days to elect to convert all or any portion of this Debenture, subject to the limitations set forth in Section 3(b)(i). Upon the expiration of this three (3) business day period, the Obligor shall deliver to the Holder the Redemption Amount on with respect to the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture redeemed after giving effect to conversions effected during the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), right to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeNotice (as defined herein). The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The In order to make a redemption, the Obligor shall first provide written notice to the Holder of its intention to make a redemption (the "Redemption Notice") setting forth the amount of principal it desires to redeem. After receipt of the Redemption Notice the Holder shall have three (3) business days to elect to convert all or any portion of this Debenture, subject to the limitations set forth in Section 4(b)(i). On the fourth (4th) business day after the Redemption Notice, the Obligor shall deliver to the Holder the Redemption Amount on with respect to the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture redeemed after giving effect to conversions effected during the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day period.

Right of Redemption. The If the Closing Bid Price of the Obligor's Common Stock, as reported by Bloomberg L.P. is less than the Fixed Price, the Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount for a price equal to the principal amount and accrued interest thereon being redeemed redeemed, plus a redemption premium of twenty percent (20%) ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "“Redemption Notice"”), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's ’s Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("“Redemption Premium"”) equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "“Redemption Amount"”). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty five percent (2025%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "“Redemption Notice"”), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's ’s Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to (i) the principal amount being redeemed redeemed, plus (ii) a redemption premium ("“Redemption Premium"”) equal to twenty percent (20%) of the principal amount being redeemed, and plus (iii) accrued interest, (collectively referred to as the "“Redemption Amount"”). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeDate. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Commencing one hundred eighty (180) calendar days from the date hereof the Obligor at its option shall only have the right to redeem, as provided for herein, a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder Holder, provided such redemption is more than one hundred fifty (150) days from the date hereof, shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), right to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeNotice (as defined herein). The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The In order to make a redemption, the Obligor shall first provide written notice to the Holder of its intention to make a redemption (the "Redemption Notice") setting forth the amount of principal it desires to redeem. After receipt of the Redemption Notice the Holder shall have three (3) business days to elect to make conversions of all or any portion of this Debenture, subject to the limitations set forth in Section 3(b)(i). Upon the expiration of this three (3) business day period, the Obligor shall deliver to the Holder the Redemption Amount on with respect to the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture redeemed after giving effect to conversions effected during the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day period.

Right of Redemption. The Obligor at its option shall have the right, with three ------------------- (3) business days advance written notice (the "Redemption Notice"), to redeem a ----------------- portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that only if the Closing Bid Price closing bid price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Notice the Obligor shall pay an amount equal to the principal amount outstanding and accrued interest being redeemed redeemed, plus a redemption premium of twenty percent (20%) ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed (collectively ------------------ referred to as the "Redemption Amount"). The Obligor shall deliver to the ------------------ Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice, except as otherwise set forth herein. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty fifteen percent (2015%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeDate. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium of twenty percent (20%) ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, redeemed plus accrued and accrued interest, unpaid interest (collectively referred to as the "Redemption Amount"). ) The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing foregoing, the Company may not redeem more than One Million Five Hundred Thousand Dollars ($1,500,000) during any fifteen (15) consecutive Trading Days. This restriction may be waived in writing by the Obligor. Notwithstanding the foregoing, in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), right to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeNotice (as defined herein). The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty ten percent (2010%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The In order to make a redemption, the Obligor shall first provide written notice to the Holder of its intention to make a redemption (the "Redemption Notice") setting forth the amount of principal it desires to redeem. After receipt of the Redemption Notice the Holder shall have three (3) business days to elect to convert all or any portion of this Debenture, subject to the limitations set forth in Section 3(b)(i). Upon the expiration of this three (3) business day period, the Obligor shall deliver to the Holder the Redemption Amount on with respect to the third principal amount redeemed after giving effect to conversions effected during the three (3rd3) business day after period. This Debenture is subject to the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day period.following additional provisions:

Right of Redemption. The Obligor at its option shall have the right, with three thirty (330) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeDate. The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty five percent (2025%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third thirtieth (3rd30th) business day after the Holder's receipt of the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall be permitted to convert all or any portion of this Debenture during such three business day periodfollowing receipt of the Redemption Notice.

Right of Redemption. The Obligor Company at its option shall have the right, with three (3) business days advance written notice (the "Redemption NoticeREDEMPTION NOTICE"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date Date; provided that the Closing Bid Price of the of the ObligorCompany's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor Company shall pay an amount equal to (i) the principal amount being redeemed redeemed, plus (ii) a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and plus (iii) accrued interestinterest on the principal amount being redeemed, (collectively referred to as the "Redemption Amount"). The Obligor which shall deliver be paid to the Holder within two (2) business days after the expiration of the Redemption Amount on the third (3rd) business day after the Redemption NoticeNotice period. Notwithstanding the foregoing forgoing, in the event that the Obligor Company has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture Debenture, the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day notice period. .

Right of Redemption. The Obligor at its option shall have the - right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that if the Closing Bid Price closing bid price of the of the Obligor's Common CommOn Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed and accrued interest, plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd3'S ) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date only provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed outstanding plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, interest (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture Note prior to the Maturity Date provided that only if the Closing Bid Price of the of the Obligor's Common StockADSs (representing Ordinary Shares), as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Notice and the Obligor shall pay an amount equal to the principal amount outstanding and accrued interest being redeemed redeemed, plus a redemption premium of twenty percent (20%) ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture Note the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day period.effectuate Conversions as contemplated hereunder. This Note is subject to the following additional provisions:

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that if the Closing Bid Price of the closing bid price of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed and accrued interest, plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed (collectively referred to as the "Redemption Amount"). The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), right to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that the Closing Bid Price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption NoticeNotice (as defined herein). The Obligor shall pay an amount equal to the principal amount being redeemed plus a redemption premium ("Redemption Premium") equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest, (collectively referred to as the "Redemption Amount"). The In order to make a redemption, the Obligor shall first provide written notice to the Holder of its intention to make a redemption (the "Redemption Notice") setting forth the amount of principal it desires to redeem. After receipt of the Redemption Notice the Holder shall have three (3) business days to elect to convert all or any portion of this Debenture, subject to the limitations set forth in Section 3(b)(i). Upon the expiration of this three (3) business day period, the Obligor shall deliver to the Holder the Redemption Amount on with respect to the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture redeemed after giving effect to conversions effected during the Holder shall be permitted to convert all or any portion of this Debenture during such three (3) business day period.

Right of Redemption. The Obligor at its option shall have the right, with three (3) business days advance written notice (the "Redemption Notice"), to redeem a portion or all amounts outstanding under this Debenture prior to the Maturity Date provided that if the Closing Bid Price closing bid price of the of the Obligor's Common Stock, as reported by Bloomberg, LP, is less than the Fixed Conversion Price at the time of the Redemption Notice. The Obligor shall pay an amount equal to the principal amount being redeemed and accrued interest, plus a redemption premium ("Redemption Premium") (collectively referred to as the "Redemption Amount") equal to (i) ten percent (10%) of the principal amount being redeemed if the Redemption Notice is provided before the earlier of (a) January 1, 2006 or (b) the date the Underlying Shares Registration Statement is filed with the SEC or (ii) twenty percent (20%) of the principal amount being redeemed, and accrued interest, redeemed if the Redemption Notice is provided after the earlier of (collectively referred to as the "Redemption Amount")a) or (b) above. The Obligor shall deliver to the Holder the Redemption Amount on the third (3rd) business day after the Redemption Notice. Notwithstanding the foregoing in the event that the Obligor has elected to redeem a portion of the outstanding principal amount and accrued interest under this Debenture the Holder shall still be permitted entitled to convert all or any portion of this Debenture during such three business day periodeffectuate Conversions as contemplated hereunder.