Common use of Confirmation of Indebtedness Clause in Contracts

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31, 2014 the Company was indebted to the Investors, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31, 2014 the date hereof the Company was indebted to the InvestorsInvestor, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 $ 17,141,135, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31February 28, 2014 2015 the Company was indebted to the Investors, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 15,456,952 consisting of principal of $6,289,492 11,790,492 and interest of $1,910,777 3,666,460 plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31, 2014 the date hereof the Company was indebted to the InvestorsInvestor, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 7,182,174, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31October 22, 2014 2013 the Company was indebted to the InvestorsInvestor, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 7,704,043 plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31the date hereof, 2014 the Company was indebted to the Investors, Investor without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 3,529,415, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31April 30, 2014 2013 the Company was indebted to the InvestorsInvestor, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 6,740,352, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31the date hereof, 2014 the Company was indebted to the Investors, Investor without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 3,970,588 plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31the date hereof, 2014 the Company was is indebted to the Investors, Investor without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 5,865,492, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.

Confirmation of Indebtedness. The Company confirms and acknowledges that as of January 31, 2014 the date hereof the Company was indebted to the InvestorsInvestor, without any deduction, defense, setoff, claim or counterclaim, of any nature, in aggregate principal and interest (including Amortization Amounts as set forth in the Fourth Amendment) in the amount of $8,200,819 consisting of principal of $6,289,492 and interest of $1,910,777 16,008,963, plus all fees, costs and expenses incurred to date in connection with the Investment Agreement and the other Transaction Documents.