Common use of Authorization of the Debenture Clause in Contracts

Authorization of the Debenture. The Company has authorized the issuance and sale to Purchaser of the Company's Debenture in the original principal amount of Three Million Three Hundred Sixteen Thousand Two Hundred Fifty Dollars ($3,316,250). Such Debenture shall be substantially in the form set forth as Exhibit 1.1 (the "Debenture"). The Debenture shall be repayable at the times and under the terms and conditions specified therein.

Authorization of the Debenture. The Company has authorized the ------------------------------ issuance and sale to Purchaser of the Company's Debenture in the original principal amount of Three Million Three Hundred Sixteen Thousand Two Hundred Fifty Dollars ($3,316,250). Such Debenture shall be substantially in the form set forth as Exhibit 1.1 (the "Debenture"). The Debenture shall be repayable at ------- --------- the times and under the terms and conditions specified therein.

Authorization of the Debenture. The Company has authorized the ------------------------------ issuance and sale to Purchaser of the Company's Debenture in the original principal amount of One Hundred Eighty Three Million Three Hundred Sixteen Thousand Two Seven Hundred Fifty Dollars ($3,316,250183,750). Such Debenture shall be substantially in the form set forth as Exhibit 1.1 (the "Debenture"). The Debenture shall be repayable at the times ------- --------- and under the terms and conditions specified therein.

Authorization of the Debenture. The Company has authorized the issuance and sale to Purchaser of the Company's Debenture in the original principal amount of One Hundred Eighty Three Million Three Hundred Sixteen Thousand Two Seven Hundred Fifty Dollars ($3,316,250183,750). Such Debenture shall be substantially in the form set forth as Exhibit 1.1 (the "Debenture"). The Debenture shall be repayable at the times and under the terms and conditions specified therein.