Obligation Absolute; Partial Liquidated Damages. [[Organization A:Organization]]’s obligations to issue and deliver the Conversion Shares upon conversion of this Note in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any set off, counter claim, recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to [[Organization A:Organization]] or any violation or alleged violation of law by the Holder or any other Person (unless the Conversion would violate any law applicable to [[Organization A:Organization]]), and irrespective of any other circumstance which might otherwise limit such obligation of [[Organization A:Organization]] to the Holder in connection with the issuance of such Conversion Shares; provided, however, that such delivery shall not operate as a waiver by [[Organization A:Organization]] of any such action [[Organization A:Organization]] may have against the Holder. In the event the Holder of this Note shall elect to convert any or all of the outstanding principal amount hereof, [[Organization A:Organization]] may not refuse conversion based on any claim that the Holder or anyone associated or affiliated with the Holder has been engaged in any violation of law, agreement or for any other reason, unless an injunction from a court, on notice to Holder, restraining and or enjoining conversion of all or part of this Note shall have been sought and obtained, and [[Organization A:Organization]] posts a surety bond for the benefit of the Holder in the amount of 150% of the outstanding principal amount of this Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the underlying dispute and the proceeds of which shall be payable to the Holder to the extent it obtains judgment. In the absence of such injunction, [[Organization A:Organization]] shall issue Conversion Shares or, if applicable, cash, upon a properly noticed conversion. If [[Organization A:Organization]] fails for any reason to deliver to the Holder such Conversion Shares pursuant to [Section 4(b)(ii)] by the Share Delivery Date, [[Organization A:Organization]] shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of principal amount being converted, $10 per Trading Day (increasing to $20 per Trading Day on the fifth (5th) Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Share Delivery Date until such Conversion Shares are delivered or Holder rescinds such conversion. Nothing herein shall prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.