Debentures

Debentures. Has the meaning ascribed to such term in the Securities Purchase Agreement, and shall include all debentures issued in exchange therefor or replacement thereof.

Debentures. The convertible debenture issued by the Company to the Holder pursuant to the Debenture.

Debentures. Shall have the meaning set forth in the first introductory paragraph.

Debentures. The Original Issue Discount Convertible Debentures to be issued by the Company to the Purchaser hereunder, due, subject to the terms therein, three (3) years from their date of issuance, convertible as provided therein, in whole or in part, at the option of the Purchaser at a conversion price of $0.03 per share of the Company's common stock, subject to adjustment as provided in the form of Debenture, and in all material respects in the form of Exhibit A attached hereto

Debentures. The Senior Secured Convertible Debentures issued pursuant to the Purchase Agreement.

Debentures. Means 12.5% Original Issue Discount Senior Secured Convertible Debentures being issued pursuant to the Purchase Agreement.

Debentures. Defined in the recitals to this Agreement