Common use of Authorization of Debentures Clause in Contracts

Authorization of Debentures. Section 1 is hereby deleted in its entirety and the following is substituted therefor: "The Company will authorize the issue and sale of: (a) $250,000 Series A Floating Rate Subordinated Convertible Debentures (the "Series A Debenture"), such term to include each Series A Debenture delivered from time to time in accordance with this Agreement); (b) $250,000 Series B Floating Rate Subordinated Convertible Debentures (the "Series B Debenture"), such term to include each Series B Debenture delivered from time to time in accordance with this Agreement); (c) $250,000 Series C Floating Rate Subordinated Convertible Debentures (the "Series C Debenture"), such term to include each Series C Debenture delivered from time to time in accordance with this Agreement); (d) $250,000 Series D Floating Rate Subordinated Convertible Debentures (the "Series D Debenture"), such term to include each Series D Debenture delivered from time to time in accordance with this Agreement); (e) $250,000 Series E Floating Rate Subordinated Convertible Debentures (the "Series E Debenture"), such term to include each Series E Debenture delivered from time to time in accordance with this Agreement); (f) $250,000 Series F Floating Rate Subordinated Convertible Debentures (the "Series F Debenture"), such term to include each Series F Debenture delivered from time to time in accordance with this Agreement); (g) $310,000 Series G Floating Rate Subordinated Convertible Debentures (the "Series G Debenture"), such term to include each Series G Debenture delivered from time to time in accordance with this Agreement); (h) $200,000 Series H Floating Rate Subordinated Convertible Debentures (the "Series H Debenture"), such term to include each Series H Debenture delivered from time to time in accordance with this Agreement); (i) $200,000 Series I Floating Rate Subordinated Convertible Debentures (the "Series I Debenture"), such term to include each Series I Debenture delivered from time to time in accordance with this Agreement); (j) $50,000 Series J Floating Rate Subordinated Convertible Debentures (the "Series J Debenture"), such term to include each Series J Debenture delivered from time to time in accordance with this Agreement); (k) $50,000 Series K Floating Rate Subordinated Convertible Debentures (the "Series K Debenture"), such term to include each Series K Debenture delivered from time to time in accordance with this Agreement); (l) $100,000 Series L Floating Rate Subordinated Convertible Debentures (the "Series L Debenture"), such term to include each Series L Debenture delivered from time to time in accordance with this Agreement); (m) $100,000 Series M Floating Rate Subordinated Convertible Debentures (the "Series M Debenture"), such term to include each Series M Debenture delivered from time to time in accordance with this Agreement); (n) $100,000 Series N Floating Rate Subordinated Convertible Debentures (the "Series N Debenture"), such term to include each Series N Debenture delivered from time to time in accordance with this Agreement); (o) $100,000 Series O Floating Rate Subordinated Convertible Debentures (the "Series O Debenture"), such term to include each Series O Debenture delivered from time to time in accordance with this Agreement); (p) $100,000 Series P Floating Rate Subordinated Convertible Debentures (the "Series P Debenture"), such term to include each Series P Debenture delivered from time to time in accordance with this Agreement); (q) $100,000 Series Q Floating Rate Subordinated Convertible Debentures (the "Series Q Debenture"), such term to include each Series Q Debenture delivered from time to time in accordance with this Agreement); and (r) $90,000 Series R Floating Rate Subordinated Convertible Debentures (the "Series R Debenture"), such term to include each Series R Debenture delivered from time to time in accordance with this Agreement). The Series A Debenture, Series B Debenture, Series C Debenture, Series D Debenture, Series E Debenture, Series F Debenture, Series G Debenture, Series H Debenture, Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture, Series Q Debenture and Series R Debenture shall be referred to in this Agreement collectively as the "Debentures" (the Series R Debenture, together with the Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture and Series Q Debenture, are sometimes collectively referred to as the "Discretionary Purchase Debentures"), such term to include any such debentures issued in substitution therefor pursuant to Section 13 of this Agreement. The Series A Debenture, Series B Debenture, Series C Debenture, Series D Debenture, Series E Debenture, Series F Debenture, Series G Debenture, Series H Debenture, Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture, Series Q Debenture and Series R Debenture shall be substantially in the forms set out in EXHIBIT 1, EXHIBIT 2, EXHIBIT 3, EXHIBIT 4, EXHIBIT 5, EXHIBIT 6, EXHIBIT 7, EXHIBIT 8, EXHIBIT 9, EXHIBIT 10, EXHIBIT 11, EXHIBIT 12, EXHIBIT 13, EXHIBIT 14, EXHIBIT 15, EXHIBIT 16, EXHIBIT 17 AND EXHIBIT 18 respectively, with such changes therefrom, if any, as may be approved by Purchaser and the Company. Certain capitalized terms used in this Agreement are defined in this Agreement or in SCHEDULE A. References to a "Schedule" or an "Exhibit" are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement, and references to Sections are, unless otherwise specified, references to Sections of this Agreement."

Authorization of Debentures. Section 1 is hereby deleted in its entirety and the following is substituted therefor: "The Company will authorize the issue and sale of: (a) $250,000 Series A Floating Rate Subordinated Convertible Debentures (the "Series A Debenture"), such term to include each Series A Debenture delivered from time to time in accordance with this Agreement); (b) $250,000 Series B Floating Rate Subordinated Convertible Debentures (the "Series B Debenture"), such term to include each Series B Debenture delivered from time to time in accordance with this Agreement); (c) $250,000 Series C Floating Rate Subordinated Convertible Debentures (the "Series C Debenture"), such term to include each Series C Debenture delivered from time to time in accordance with this Agreement); (d) $250,000 Series D Floating Rate Subordinated Convertible Debentures (the "Series D Debenture"), such term to include each Series D Debenture delivered from time to time in accordance with this Agreement); (e) $250,000 Series E Floating Rate Subordinated Convertible Debentures (the "Series E Debenture"), such term to include each Series E Debenture delivered from time to time in accordance with this Agreement);; and (f) $250,000 Series F Floating Rate Subordinated Convertible Debentures (the "Series F Debenture"), such term to include each Series F Debenture delivered from time to time in accordance with this Agreement); (g) $310,000 Series G Floating Rate Subordinated Convertible Debentures (the "Series G Debenture"), such term to include each Series G Debenture delivered from time to time in accordance with this Agreement); (h) $200,000 Series H Floating Rate Subordinated Convertible Debentures (the "Series H Debenture"), such term to include each Series H Debenture delivered from time to time in accordance with this Agreement); (i) $200,000 Series I Floating Rate Subordinated Convertible Debentures (the "Series I Debenture"), such term to include each Series I Debenture delivered from time to time in accordance with this Agreement); (j) $50,000 Series J Floating Rate Subordinated Convertible Debentures (the "Series J Debenture"), such term to include each Series J Debenture delivered from time to time in accordance with this Agreement); (k) $50,000 Series K Floating Rate Subordinated Convertible Debentures (the "Series K Debenture"), such term to include each Series K Debenture delivered from time to time in accordance with this Agreement); (l) $100,000 Series L Floating Rate Subordinated Convertible Debentures (the "Series L Debenture"), such term to include each Series L Debenture delivered from time to time in accordance with this Agreement); (m) $100,000 Series M Floating Rate Subordinated Convertible Debentures (the "Series M Debenture"), such term to include each Series M Debenture delivered from time to time in accordance with this Agreement); (n) $100,000 Series N Floating Rate Subordinated Convertible Debentures (the "Series N Debenture"), such term to include each Series N Debenture delivered from time to time in accordance with this Agreement); (o) $100,000 Series O Floating Rate Subordinated Convertible Debentures (the "Series O Debenture"), such term to include each Series O Debenture delivered from time to time in accordance with this Agreement); (p) $100,000 Series P Floating Rate Subordinated Convertible Debentures (the "Series P Debenture"), such term to include each Series P Debenture delivered from time to time in accordance with this Agreement); (q) $100,000 Series Q Floating Rate Subordinated Convertible Debentures (the "Series Q Debenture"), such term to include each Series Q Debenture delivered from time to time in accordance with this Agreement); and (r) $90,000 Series R Floating Rate Subordinated Convertible Debentures (the "Series R Debenture"), such term to include each Series R Debenture delivered from time to time in accordance with this Agreement). The Series A Debenture, Series B Debenture, Series C Debenture, Series D Debenture, Series E Debenture, Series F Debenture, Series G Debenture, Series H Debenture, Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture, Series Q Debenture and Series R F Debenture shall be referred to in this Agreement collectively as the "Debentures" (the Series R Debenture, together with the Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture and Series Q Debenture, are sometimes collectively referred to as the "Discretionary Purchase Debentures"), such term to include any such debentures issued in substitution therefor pursuant to Section 13 of this Agreement. The Series A Debenture, Series B Debenture, Series C Debenture, Series D Debenture, Series E Debenture, Series F Debenture, Series G Debenture, Series H Debenture, Series I Debenture, Series J Debenture, Series K Debenture, Series L Debenture, Series M Debenture, Series N Debenture, Series O Debenture, Series P Debenture, Series Q Debenture and Series R F Debenture shall be substantially in the forms set out in EXHIBIT 1, EXHIBIT 2, EXHIBIT 3, EXHIBIT 4, EXHIBIT 5, 5 and EXHIBIT 6, EXHIBIT 7, EXHIBIT 8, EXHIBIT 9, EXHIBIT 10, EXHIBIT 11, EXHIBIT 12, EXHIBIT 13, EXHIBIT 14, EXHIBIT 15, EXHIBIT 16, EXHIBIT 17 AND EXHIBIT 18 6 respectively, with such changes therefrom, if any, as may be approved by Purchaser and the Company. Certain capitalized terms used in this Agreement are defined in this Agreement or in SCHEDULE A. References to a "Schedule" or an "Exhibit" are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement, and references to Sections are, unless otherwise specified, references to Sections of this Agreement."