The Company shall pay interest to the Holder at the rate of eight percent (8%) per annum on the principal amount of this Note outstanding from time to time from and after the Original Issue Date through and including the Maturity Date. Notwithstanding the above and anything to the contrary contained herein, the minimum amount of interest due and payable hereunder at any time through and including the first anniversary of the Original Issue Date of this Note shall be an amount not less than equivalent to eight percent (8%) of the initial principal amount of this Note. For clarity and not for limitation, such minimum of eight percent (8%) interest shall be guaranteed, independently of any conversion or repayment of any principal hereunder. From and after the first anniversary of this Note, through and including the payment of all obligations hereunder, interest shall accrue on a daily basis at the rate of eight percent (8%) per annum.