Simple interest (“ Interest ”) shall accrue on the outstanding Principal at the Interest Rate from and including the date set forth above opposite the caption “Issuance Date” (the “ Issuance Date ”) until the Principal is paid in full, shall be computed on a monthly basis and, subject to the right of the Holder to include accrued and unpaid Interest in the Conversion Amount (as defined below) in accordance with Section 3(b)(i) below, shall be payable in arrears for each Interest Period no later than the date that is five (5) Business Days after the last day of the applicable Interest Period (each, an “Interest Payment Date” ).