Common use of Monthly Redemption Clause in Contracts

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemption, the accrued interest, principal and other amounts then outstanding under this Note shall be reduced at 100% (as compared to the 120%) of the principal amount so repaid. The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash Holder may convert, pursuant to Section 4(a), any principal amount of this Note subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full. Any principal amount of this Note converted during the applicable Monthly Conversion Period in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Date. The Company covenants and agrees that it will honor all Notices of Conversion tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem a portion of the Note equal to the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemption, the accrued interest, principal and other amounts then outstanding under this Note shall be reduced at 100110% (as compared to the 120%) of the principal amount so repaidthereof plus accrued and unpaid interest and all other amounts to the redemption date. The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash cash; provided that Holder may convert, pursuant to Section 4(a), any principal amount of this Note subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are Holder, is due and paid in full. Any principal amount of this Note converted during the applicable Monthly Conversion Period monthly conversion period in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Date. The Company covenants and agrees that it will honor all Notices of Conversion tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemptionplus accrued but unpaid interest, the accrued interest, principal sum of all liquidated damages and any other amounts then outstanding under this Note shall be reduced at 100% (as compared owing to the 120%) such Holder in respect of the principal amount so repaidDebenture. The Monthly Redemption Amount payable due on each Monthly Redemption Date shall be paid in cash only. The Holder may convert, pursuant to Section 4(a), any principal amount of this Note Debenture subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages Amount and any other all amounts then owing to the Holder thereon are due and paid in full. Any Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Note Debenture converted during any 20 day period until the applicable date the Monthly Conversion Period in excess Redemption Amount is paid shall be first applied to the principal amount subject to the Monthly Redemption and such Holder's cash payment of the Monthly Redemption Amount on such Monthly Redemption Date shall be reduced accordingly, and any remaining principal amount so converted shall be applied against the last principal amount of this Note scheduled to be redeemed hereunderrepaid, in reverse time order from the Maturity Dateorder. The Company covenants and agrees that it will honor all Notices Notice of Conversion Conversions tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption DateDate until the entire original principal amount of this Note has been repaid or converted, the Company shall redeem the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemption, the accrued interest, principal and other amounts then outstanding under this Note shall be reduced at 100% (as compared to the 120%) of the principal amount so repaid). The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash cash. Holder may convert, pursuant to Section 4(a), any principal amount of this Note subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full. Any principal amount of this Note converted during the applicable between Monthly Conversion Period Redemption Dates in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Date. The Company covenants and agrees that it will honor all Notices of Conversion tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem a portion of this Note equal to the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemption, the accrued interest, principal and other amounts then outstanding under this Note shall be reduced at 100120% (as compared to the 120%) of the principal amount so repaidthereof plus accrued and unpaid interest and all other amounts to the redemption date thereof. The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash cash. Holder may convert, pursuant to Section 4(a), any principal amount of this Note subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are Amount is due and paid in full. Any principal amount of this Note converted during the applicable Monthly Conversion Period monthly period in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Date. The Company covenants and agrees that it will honor all Notices of Conversion tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemption, the accrued interest, principal and other amounts then outstanding under this Note shall be reduced at 100% (as compared to the 120%) of the principal amount so repaid). The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash or, subject to the Equity Conditions (as described below) in freely tradable shares of Common Stock (pursuant to Rule 144 or otherwise) at a 25% discount to the 3 lowest closing prices in the 20 trading days prior to the Monthly Redemption Date. Upon the agreement of the Company and the Holder, the amortizations may be accelerated. The Company shall require Investors’ consent to issue more than 15% of the Company’s or Mount Tam’s trading volume in common stock a given month. Holder may convert, pursuant to Section 4(a), any principal amount of this Note subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full. Any principal amount of this Note converted during the applicable Monthly Conversion Period in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Date. The Company and Mount Tam covenants and agrees that it will honor all Notices of Conversion tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem the Monthly Redemption Amount (the “Monthly Redemption”) , and upon the payment of each such Monthly Redemptionplus accrued but unpaid interest, the accrued interest, principal sum of all liquidated damages and any other amounts then outstanding under this Note shall be reduced at 100% (as compared owing to the 120%) Holder in respect of the principal amount so repaidthis Debenture. The Monthly Redemption Amount payable due on each Monthly Redemption Date shall shall, except as provided in this Section, be paid in cash. As to any Monthly Redemption and upon 20 Trading Days’ prior written irrevocable notice, in lieu of a cash Holder redemption payment the Company may elect to pay 100% of a Monthly Redemption in Conversion Shares based on a conversion price equal to 90% of the average of the 20 VWAPs immediately prior to the applicable Monthly Redemption Date (subject to adjustment for any stock dividend, stock split, stock combination or other similar event affecting the Common Stock during such 20 Trading Day period). The Holders may convert, pursuant to Section 4(a), any principal amount of this Note Debenture subject to a Monthly Redemption at any time prior to the date that the Monthly Redemption Amount, plus accrued but unpaid interest, liquidated damages Amount and any other all amounts then owing to the Holder thereon are due and paid in full. Any Unless otherwise directed by the Holder in the applicable Notice of Conversion, any portion of this Debenture converted during any 20 day period until the date the Monthly Redemption Amount is paid shall be first applied to the principal amount of this Note converted during Debenture subject to the applicable Monthly Conversion Period in excess Redemption and such Holder’s cash payment of the Monthly Redemption Amount on such Monthly Redemption Date shall be applied against the last principal amount of this Note scheduled to be redeemed hereunder, in reverse time order from the Maturity Datereduced accordingly. The Company covenants and agrees that it will honor all Notices Notice of Conversion Conversions tendered up until such amounts are paid in full. The Company’s determination to pay a Monthly Redemption shall be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases of Notes pursuant to the Purchase Agreement.