For value received, the Company hereby promises to pay to the order of the Holder, by no later than October 27, 2019 (the “ Maturity Date ”), in immediately available and lawful dollars of the United States of America, Two Million and No/100 United States Dollars ($2,000,000), together with interest on the outstanding principal amount under this Debenture, at the rate of fifteen percent (15%) per annum simple interest (the “ Interest Rate ”) from the Effective Date, until paid, as more specifically provided below.