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 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 ------- --------- 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.