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mc67

02/22/14 2:35 AM

#189 RE: mptrs #188

( 5) These warrants were received as a component of debenture units purchased by the Reporting Person at a price of $1.00 per unit, each such unit consisting of (i) one share of common stock, (ii) ten five year warrants with an exercise price of $0.10 per warrant and (iii) $1.00 of non-interest bearing senior secured convertible debentures convertible at the holder's option into shares of the Company's common stock at a conversion price of $0.10 per share.