For value received, the Company hereby promises to pay to the order of the Holder, by no later than December 29, 2020 (the “ Maturity Date” ), in immediately available and lawful money of the United States of America, Three Million Five Hundred Thousand and No/100 United States Dollars ($3,500,000), together with interest on the outstanding principal amount under this Debenture, at the rate of ten percent (8%) per annum simple interest (the “ Interest Rate ”) from the Effective Date, until paid, as more specifically provided below.