Document:

EXHIBIT 4.1

      THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
      EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933,
      AS AMENDED (THE "1933 ACT") AND APPLICABLE STATE SECURITIES LAWS AND MAY
      NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
      OR AN APPLICABLE EXEMPTION THEREFROM.

                                              CHINA IVY SCHOOL, INC.

                                              6.0% Convertible Note
Due: June 30, 2010

                                                       US$1,560,000

      China Ivy School, Inc. (the "Issuer"), for value received, hereby promises
to pay to _______ , or registered assigns (the "Registered Holder" or "Holder"),
the principal sum of One Million Five Hundred Sixty Thousand Dollars
(US$1,560,000.00) due June 30, 2010 (the "Maturity Date"), and to pay interest
thereon on the Maturity Date (or, if earlier on the date of payment of this
Note) from the date hereof at the rate of six (6.0%) percent per annum until the
principal hereof is paid. Interest shall be computed on the basis of the actual
number of days elapsed.

      Payments of principal and of any interest on this Note shall be made in
such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts. Payments of principal
of this Note shall be made against surrender hereof. If the principal of this
Note is accelerated, interest shall accrue and be payable until the date of
payment. The Issuer shall have the right to pay any principal portion of this
Note before the scheduled due date thereof.

      The Issuer shall accept at its principal executive offices any Note (i)
which may be presented or surrendered for payment, (ii) which may be surrendered
for registration of transfer or exchange, or (iii) which may be surrendered for
conversion pursuant to the provisions set forth below. The Issuer will act as
its own security registrar and paying and transfer agent for such purposes and
agrees to cause to be kept at such office a register (the "Security Register")
in which, subject to such reasonable regulations as it may prescribe, the Issuer
will provide for the registration of Notes and registration of transfers of
Notes. As of the date this Note was originally issued, such principal executive
offices of the Issuer were located at 1 Suhua Road, Shiji Jinrong Building,
Suite 801, Suzhou Industrial Park, Jiangsu Province, China, 215020. If the
Issuer shall change the location of its principal executive offices it will
provide all holders with no less than thirty (30) days prior written notice.

<PAGE>

      The transfer of a this Note (or any Note issued upon transfer of all or a
portion of this Note) is registrable at the offices of the Issuer upon surrender
of such Note at the principal executive offices of Issuer duly endorsed by, or
accompanied by a written instrument of transfer in form reasonably satisfactory
to the Issuer duly executed by the Holder thereof, together with any
certifications and representations which Issuer may reasonably require to
reflect compliance with all applicable securities laws, rules and regulations
and the due authorization of the transaction. Upon such surrender of this Note
for registration of transfer, the Issuer shall execute and deliver, in the name
of the designated transferee or transferees, one or more new Notes, dated the
date of the execution thereof, of any authorized denominations and of a like
tenor, form and aggregate principal amount.

      Prior to due presentment of this Note for registration of transfer, the
Issuer may treat the person in whose name this Note is registered as the owner
hereof for all purposes, whether or not this Note be overdue, and the Issuer
shall not be affected by notice to the contrary.

      The Holder of this Note may at any time convert all or any amount of the
principal amount of the Note into shares of Common Stock of Issuer at a
conversion price equal to eight cents ($0.08) per share of Common Stock, subject
to adjustment as provided herein. No interest shall be paid on such portion of
this principal amount of this Note as shall be converted into Common Stock.

      The conversion right granted in this Note may be exercised only by a
Registered Holder, in whole or in part, by the surrender of the Note to be
converted at the principal executive offices of the Issuer against delivery of
that number of shares of whole Common Stock as shall be computed by dividing the
principal amount of the Note being converted by the Conversion Price on the
Conversion Date. Each Note surrendered for conversion shall be endorsed by the
Registered Holder. Issuer will transmit the Common Stock certificates issuable
upon conversion of any Note and a new Note representing the balance of the Note
to the Registered Holder via express courier within three (3) business days
after the Conversion Date. The term "Conversion Date" shall mean the date the
original Notice of Conversion and Note being converted are received by the
Issuer. The term "Notice of Conversion" shall mean the written notice from the
Registered Holder to the Issuer.

      All Common Stock which may be issued upon conversion of the Note will,
upon issuance, be duly issued, fully paid and non-assessable and free from all
taxes, liens, and charges with respect to the issue thereof. At all times that
any Notes are outstanding, Issuer shall have authorized and shall have reserved
for the purpose of issuance upon such conversion into Common Stock of all Notes,
a sufficient number of shares of Common Stock to provide for the conversion of
all outstanding Notes at the then effective Conversion Price. Without limiting
the generality of the foregoing, if, at any time, the Conversion Price is
decreased or increased, the number of shares of Common Stock authorized and
reserved for issuance by Issuer upon the conversion of the Securities shall be
proportionately increased or decreased, as the case may be.

      The Initial Conversion Price is eight cents ($0.08) per share of Common
Stock ("Initial Conversion Price"). The Initial Conversion Price shall be
adjusted as provided for below (the Initial Conversion Price and the Initial
Conversion Price, as thereafter then adjusted, shall be referred to as the
"Conversion Price") and the Conversion Price from time to time shall be further
adjusted as provided for below. Upon each adjustment of the Conversion Price,

<PAGE>

the Registered Holders of Notes shall thereafter be entitled to receive upon
conversion, at the Conversion Price resulting from such adjustment, the number
of shares of Common Stock obtained by dividing the principal amount of the Note
being converted by the Conversion Price, as then adjusted. The Conversion Price
shall be adjusted as follows:

      (i) In the case of any amendment to the Certificate of Incorporation of
Issuer to change the designation of the Common Stock or the rights, privileges,
restrictions or conditions in respect to the Common Stock or division of the
Common Stock, the Conversion Price shall be adjusted so as to provide that upon
conversion of the Note the Registered Holder shall receive, in lieu of each
share of Common Stock theretofore issuable upon such conversion, the kind and
amount of shares, other securities, money and property receivable upon such
designation, change or division by such holder issuable upon such conversion had
the conversion occurred immediately prior to such designation, change or
division. The Note shall be deemed thereafter to provide for adjustments which
shall be as nearly equivalent as may be practicable to the adjustments provided
for herein. The provisions of this clause (i) shall apply in the same manner to
successive reclassifications, changes, consolidations and mergers.

      (ii) If Issuer shall at any time subdivide its outstanding shares of
Common Stock into a greater number of shares of Common Stock, or declare a
dividend or make any other distribution upon the Common Stock payable in shares
of Common Stock, the Conversion Price in effect immediately prior to such
subdivision or dividend or other distribution shall be proportionately reduced,
and conversely, in case the outstanding shares of Common Stock shall be combined
into a smaller number of shares of Common Stock, the Conversion Price in effect
immediately prior to such combination shall be proportionately increased.

      (iii) If any capital reorganization or reclassification of the capital
stock of the Issuer, or any consolidation or merger of the Issuer with another
corporation or entity, or the sale of all or substantially all of the Issuer's
assets to another corporation or other entity shall be effected in such a way
that holders of shares of Common Stock shall be entitled to receive stocks,
securities, other evidence of equity ownership or assets with respect to or in
exchange for shares of Common Stock, then, as a condition of such
reorganization, reclassification, consolidation, merger or sale (except as
otherwise provided below), lawful and adequate provisions shall be made whereby
the Registered Holder shall thereafter have the right to receive upon the basis
and upon the terms and conditions specified herein, such shares of stock,
securities, other evidence of equity ownership or assets as may be issued or
payable with respect to or in exchange for a number of outstanding shares of
such Common Stock equal to the number of shares of Common Stock immediately
theretofore purchasable and receivable upon the conversion of this Note had such
reorganization, reclassification, consolidation, merger or sale not taken place,
and in any such case appropriate provisions shall be made with respect to the
rights and interests of such Registered Holder to the end that the provisions
hereof (including, without limitation, provisions for adjustments of the
Conversion Price and of the number of shares of Common Stock receivable upon the
conversion of this Note) shall thereafter be applicable, as nearly as may be, in
relation to any shares of stock, securities, other evidence of equity ownership
or assets thereafter deliverable upon the conversion hereof. The Issuer shall
not effect any such consolidation, merger or sale, unless, prior to the

<PAGE>

consummation thereof, the successor corporation (if other than the Issuer)
resulting from such consolidation or merger or the corporation purchasing such
assets shall assume by written instrument executed and mailed or delivered to
the Registered Holder, the obligation to deliver to the Registered Holder such
shares of stock, securities, other evidence of equity ownership or assets as, in
accordance with the foregoing provisions, the Registered Holder may be entitled
to receive or otherwise acquire.

      Where the terms of this Note provide for notice to the holders of any
event, such notice shall be sufficiently given if given in writing and mailed,
first class postage prepaid, to each Registered Holder affected by such event,
at his address as it appears in the register for the Securities. Any notice may
be waived in writing by the person entitled thereto, either before or after the
event, and such waiver shall be equivalent of such notice.

      In the event of:

      (a) default in the payment of the principal or accrued interest at
Maturity; or

      (b) default in the performance or breach of any other material covenant or
agreement contained herein for a period of thirty (30) days after the date on
which written notice of such default requiring the Issuer to remedy the same and
stating that such notice is a "Notice of Default", shall first have been given
to the Issuer by a Registered Holder; or

      (c) the entry by a court having jurisdiction of (i) a decree or order for
relief in respect of the Issuer in an involuntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or (ii) a
decree or order adjudging the Issuer a bankrupt or insolvent, or approving as
properly filed a petition seeking reorganization, arrangement, adjustment or
composition of or in respect of the Issuer under any applicable law, or
appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or
other similar official of the Issuer or of any substantial part of the property
of the Issuer, or ordering the winding up or liquidation of the affairs of the
Issuer, and any such decree or order for relief or any such other decree or
order shall continue unstayed and in effect for a period of sixty (60)
consecutive days; or

      (d) commencement by Issuer of a voluntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or of any
other case or proceeding to be adjudicated a bankrupt or insolvent, or the
consent by the Issuer to the entry of a decree or order for relief in respect of
the Issuer in an involuntary case or proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar law or to the commencement of any
bankruptcy or insolvency case or proceeding against the Issuer, or the filing by
the Issuer of a petition or answer or consent seeking reorganization or relief
under any such applicable law, or the consent by the Issuer to the filing of
such petition or to the appointment of or the taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official
of the Issuer or of any substantial part of its property, or the making by the
Issuer of an assignment for the benefit of creditors, or the taking of action by
the Issuer in furtherance of any such action;

<PAGE>

then a Registered Holder may, at its option, declare the principal of this Note
and the interest accrued hereon to be due and payable immediately by written
notice to the Issuer at its principal executive offices, and unless all such
defaults shall have been cured by the Issuer prior to receipt of such written
notice, the principal of this Note and the interest accrued thereon shall become
and be immediately due and payable.

      IN WITNESS WHEREOF, the Issuer has caused this Note to be duly executed as
of the date set forth below.

                                               CHINA IVY SCHOOL INC.

                                               By:
                                                   -----------------------------
                                                   Name:
                                                   Title:

Dated: June __, 2009Allora Minerals, Inc.: Exhibit 4.1 - Prepared by TNT Filings Inc.

Exhibit 4.1 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN 
REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED 
(THE"ACT") OR APPLICABLE STATE
SECURITIES LAWS. SUCH SECURITIES 
MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN
THE ABSENCE OF AN 
EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
SAID 
ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE

REASONABLY SATISFACTORY TO COUNSEL TO THE BORROWER THAT 
REGISTRATION IS
NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD 
PURSUANT TO RULE 144 UNDER SAID
ACT.” 

“UNLESS PERMITTED UNDER CANADIAN SECURITIES LEGISLATION, THE

HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE 
DATE THAT
IS FOUR MONTHS AND A DAY AFTER THE LATER OF (I) JUNE 30, 
2009; AND (II) THE
DATE THE ISSUER BECAME A REPORTING ISSUER UNDER 
APPLICABLE CANADIAN
SECURITIES LAWS.” 

Original Issue Date: June 30, 2009 

11% SENIOR SECURED CONVERTIBLE DEBENTURE 
DUE June 30,
2011 

          FOR
VALUE RECEIVED, EPOD Solar Inc., a corporation formed pursuant to the laws of
British Columbia, Canada (hereinafter called the “Company”), hereby
promises to pay to the order of Dr. Chandra Pemmasani, with an address at 8
Fieldstream Court, Lutherville, MD 21093, or his registered assigns (the
“Holder”) the sum of Two Million U.S. Dollars (U.S. $2,000,000.00), on
June 30, 2011 (the “Maturity Date”), or such earlier date as this
Debenture is required or permitted to be repaid as provided hereunder, and to
pay interest to the Holder on the aggregate unconverted and then outstanding
principal amount of this Debenture in accordance with the provisions hereof.
This Senior Secured Convertible Debenture (including all Convertible Debentures
issued in exchange, transfer or replacement hereof, this "Debenture") is
one of an issue of Convertible Debentures issued pursuant to the Purchase
Agreement (as defined in Section 1) on the Initial Closing Date (as defined in
the Purchase Agreement) (collectively, the “Debentures” and any other
Convertible Debentures issued pursuant to Section 1.07 of the Purchase
Agreement, the “Other Debentures”).

          Except
as otherwise expressly provided herein, this Debenture may not be prepaid by the
Company. All payments due hereunder (to the extent not converted into common
stock, no par value per share, of the Company (the “EPOD Stock”), or
common stock, par value $0.001 per share, of Allora Minerals, Inc., a public
corporation current in each of its reporting and other obligations under the
1934 Act, formed pursuant to the laws of the State of Nevada (“Allora”
and such shares, the “Allora Stock”), in accordance with the terms
hereof) shall be made in immediately available and lawful money of the United
States of America; provided, that to the extent that any accrued Interest has
not been paid when due, at the option of the Holder, in whole or in part, such
accrued and unpaid Interest may, upon written notice to the Company or Allora,
as applicable, be added to the principal amount of this Debenture, in which event Interest
shall accrue thereon in accordance with the terms of this Debenture and such
additional principal amount shall be convertible into EPOD Stock or Allora
Stock, as applicable, in accordance with the terms of this Debenture. All
payments shall be made at the address of the Holder as set forth in the Purchase
Agreement or at such address as the Holder shall hereafter give to the Company
or Allora, as applicable, by written notice made in accordance with the
provisions of this Debenture. Whenever any amount expressed to be due by the
terms of this Debenture is due on any day which is not a Business Day (as
defined in Section 1), the same shall instead be due on the next succeeding day
which is a Business Day.

          This
Debenture is subject to the following additional provisions: 

          Section
1.      Certain
Definitions. Capitalized terms used and not otherwise defined
herein that are defined in that certain Securities Purchase Agreement, of date
even herewith, pursuant to which the Debenture was originally issued (the
“Purchase Agreement”), shall have the meanings given such terms in the
Purchase Agreement. For the purposes hereof, the following terms shall have the
following meanings: 

          “1933
Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated hereunder. 

          “1934
Act” means the Securities Exchange Act of 1934, as amended, or any similar
successor statute. 

          “Approved
Stock Plan” means any employee benefit plan which has been duly adopted by
the Board of Directors of the Company or Allora, as applicable, or a majority of
the members of a committee of non-employee directors established for such
purpose, pursuant to which the Company’s or Allora’s securities, as applicable,
may be issued to any employee, consultant, officer or director for services
provided to the Company or Allora, as applicable; provided, however, that no
more than an aggregate of 550,000 shares of Common Stock Equivalents may be
issued in connection with all Approved Stock Plans; and provided further that
all such issuances are made at the fair market value of such securities as of
the date of each grant approved by the Board of Directors of the Company or
Allora (or a majority of the members of a committee of non-employee directors
established for such purpose), as applicable, and the Holder. 

          “Asset
Purchase Failure” means the failure of the Company, Allora, Epod Solar
(Wales) Limited and EPOD Industries, Inc. to either (a) enter into a fully
executed Asset Purchase Agreement (as defined in the Purchase Agreement), or (b)
consummate and close the Asset Purchase (as defined in the Purchase Agreement)
within forty-five (45) days of the date of issuance of this Debenture.

          “Asset
Purchase Liquidated Damages” shall have the meaning set forth in Section
14(a). 

          “Bankruptcy
Event” means any of the following events: (a) the Company or Allora, as
applicable, or any “Significant Subsidiary” (as such term is defined in Rule
1-02(w) of Regulation S-X) of either of them, commences a case or
other proceeding under any bankruptcy, reorganization, arrangement, adjustment
of debt, relief of debtors, dissolution, insolvency or liquidation or similar
law of any jurisdiction relating to the Company or Allora, as applicable, or any
Significant Subsidiary of either of them; (b) there is commenced against the
Company or Allora, as applicable, or any Significant Subsidiary of either of
them, any such case or proceeding that is not dismissed within sixty (60) days
after commencement; (c) the Company or Allora, as applicable, or any Significant
Subsidiary of either of them is adjudicated insolvent or bankrupt or any order
of relief or other order approving any such case or proceeding is entered; (d)
the Company or Allora, as applicable, or any Significant Subsidiary of either of
them, suffers any appointment of any custodian or the like for it or any
substantial part of its property that is not discharged or stayed within sixty
(60) calendar days after such appointment; (e) the Company or Allora, as
applicable, or any Significant Subsidiary of either of them, makes a general
assignment for the benefit of creditors; (f) the Company or Allora, as
applicable, or any Significant Subsidiary of either of them, calls a meeting of
its creditors with a view to arranging a composition, adjustment or
restructuring of its debts; or (g) the Company or Allora, as applicable, or any
Significant Subsidiary of either of them, by any act or failure to act,
expressly indicates its consent to, approval of or acquiescence in any of the
foregoing or takes any corporate or other action for the purpose of effecting
any of the foregoing. 

2 

          “Bloomberg”
shall mean Bloomberg L.P. 

          “Business
Day” shall mean any day other than a Saturday, Sunday or a day on which
commercial banks in the City of New York, New York are authorized or required by
law or executive order to remain closed.

          “Closing
Date” means the Business Day when (a) all of the Holder’s Transaction
Documents have been executed and delivered by the applicable parties thereto,
(b) all conditions precedent to (i) the Holder’s obligations to pay the
Subscription Amount, and (ii) the Company’s or Allora’s obligations, as
applicable, to deliver the Debentures and Warrants have been satisfied or
waived, and (c) Holder shall have delivered the purchase price for the Debenture
to the Company or Allora, as applicable, in accordance with the Purchase
Agreement. 

          “Closing
Bid Price,” as of any date, means the last bid price of the Allora Stock on
the Principal Market as reported by Bloomberg or, if the Principal Market is not
the principal trading market for such security, the last bid price of such
security on the principal securities exchange or trading market where such
security is listed or traded as reported by Bloomberg, or if no last bid price
of such security is available on the Principal Market for such security or in
any of the foregoing manners, the average of the bid prices of any market makers
for such security that are listed in the “pink sheets” by the National Quotation
Bureau, Inc. If the Closing Bid Price cannot be calculated for such security on
such date in the manner provided above, or with respect to shares of EPOD Stock,
the Closing Bid Price shall be the fair market value as mutually determined by
the Company or Allora, as applicable, and the Holder. 

3 

          “Closing
Price,” as of any date, means the last sale price of the Allora Stock on the
Principal Market as reported by Bloomberg or, if the Principal Market is not the
principal trading market for such security, the last sale price of such security
on the principal securities exchange or trading market where such security is
listed or traded as reported by Bloomberg, or if no last sale price of such
security is available on a securities exchange or trading market where such
security is listed or traded as reported by Bloomberg or in any of the foregoing
manners, the average of the bid prices of any market makers for such security
that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If
the Closing Price cannot be calculated for such security on such date in the
manner provided above, or with respect to shares of EPOD Stock, the Closing
Price shall be the fair market value as mutually determined by the Company or
Allora, as applicable, and the Holder. 

          “Commission”
means the Securities and Exchange Commission. 

          “Common
Stock Equivalents” means any securities of the Company or Allora, as
applicable, which would entitle the holder thereof to acquire, directly or
indirectly, at any time EPOD Stock or Allora Stock, as applicable, including
without limitation, any debt, preferred stock, rights, options, warrants or
other instrument that is at any time convertible into or exercisable or
exchangeable for, or otherwise entitles the holder thereof to receive, EPOD
Stock or Allora Stock, as applicable. 

          “Conversion
Amount” shall have the meaning set forth in Section 3(a)(iv) below. 

          “Convertible
Securities” means any stock or securities (other than Options) directly or
indirectly convertible into or exercisable or exchangeable for EPOD Stock or
Allora Stock, as applicable. 

          “Debentures”
shall be deemed to refer to this Debenture, as originally executed, or if later
amended or supplemented, then as so amended or supplemented, all other
convertible debentures issued pursuant to the Purchase Agreement and all
convertible debentures issued in replacement hereof or thereof or otherwise with
respect hereto or thereto.

          “Default
Conversion Sum” shall have the meaning set forth in Section 11(a) below.

          “Effective
Date” shall mean the date that the initial Registration Statement that
Allora is required to file pursuant to the Registration Rights Agreement has
been declared effective by the Securities and Exchange Commission. 

          "Eligible
Market" means the over the counter bulletin board (“OTC-BB”), the New York
Stock Exchange, Inc., the Nasdaq Capital Market, the Nasdaq Global Market, the
Nasdaq Global Select Market or the American Stock Exchange. 

4 

          “Event
of Default” shall have the meaning set forth in Section 10. 

          “Event
of Failure” shall mean the occurrence of any event(s) which trigger the
accrual of Liquidated Damages. 

          “Exempt
Issuance” means the issuance of (a) any shares of EPOD Stock or Allora
Stock, as applicable, issued or issuable in connection with any Approved Stock
Plan at a price equal to or greater than 75% of 11.60, up to a maximum of five
percent (5%) of the outstanding shares of EPOD Stock or Allora Stock, as
applicable, in the aggregate (provided that no such options shall be issued to
consultants or advisors unless such options are not registered, either at the
time of issuance or at any time thereafter, and are subject to volume
limitations under Rule 144), except that, as to any anti-dilution provisions or
Subsequent Issuance Adjustments in the Debentures or Warrants, this item (a)
shall not constitute an Exempt Issuance until after the 90th day
following the Effective Date, (b) securities upon the exercise, exchange of,
conversion or redemption of, or payment of Interest or liquidated or similar
damages on, any securities issued hereunder, provided that the principal amount
thereof if not increased and the terms thereof are not otherwise amended or
modified after the Initial Closing Date, and (c) other securities exercisable,
exchangeable for, convertible into, or redeemable for shares of shares of EPOD
Stock or Allora Stock, as applicable, issued and outstanding on the date of this
Debenture; provided, that such securities have not been amended since the date
of this Debenture to directly or indirectly effectively increase the number of
such securities or to decrease the exercise, exchange or conversion price of
such securities (and including any issuances of securities pursuant to the
anti-dilution provisions of any such securities). 

          
“Holders” shall mean the Holder, and the holders of Other Debentures issued
pursuant to the Purchase Agreement. 

          “Indebtedness”
shall have the meaning ascribed to it in the Purchase Agreement.

          “Interest”
shall heave the meaning set forth in Section 2 below. 

          “Issuable
Shares” shall heave the meaning set forth in Section 3(a)(iii) below.

          “Late
Payment Fees” shall have the meaning set forth in Section 13 below.

          “Late
Share Delivery Liquidated Damages” shall have the meaning set forth in
Section 3(d)(iv) below. 

          “Liens”
shall have the meaning set forth in Section 9(e) below. 

          “Liquidated
Damages” means any liquidated damages due hereunder, or under the other
Transaction Documents, including but not limited to the Late Share Delivery
Liquidated Damages, the Late Payment Fees and the Registration Failure
Liquidated Damages (as defined in the Registration Rights Agreement), and the
Asset Purchase Liquidated Damages. 

5 

          “Major
Transaction Redemption Premium” shall mean 125%. 

          “Mandatory
Redemption Premium” shall mean 125%.

          “Market
Price,” as of any date, means the Volume Weighted Average Price (as defined
herein) of the Allora Stock during the five (5) consecutive Business Day period
immediately preceding the date in question. 

          “Maximum
Monthly Share Amount” means 20% of the aggregate dollar trading volume (as
reported by Bloomberg) of the Allora Stock on the Principal Market over the
twenty (20) consecutive Business Day period immediately prior to the applicable
Interest Payment Date or Monthly Redemption Date, as applicable. 

          “Monthly
Share Payment Restriction” shall have the meaning set forth in Section 2
below. 

          
“Options” means any rights, warrants or options to subscribe for or purchase
EPOD Stock, Allora Stock or Convertible Securities, as applicable. 

          “Original
Issue Date” shall mean the date of the first issuance of any Debenture
regardless of the number of transfers of any particular Debenture. 

          “Parent
Entity” of a Person means an entity that, directly or indirectly, controls
the applicable Person and whose common stock or equivalent equity security is
quoted or listed on an Eligible Market, or, if there is more than one such
Person or Parent Entity, the Person or Parent Entity with the largest public
market capitalization as of the date of consummation of the Major Transaction or
Permissible Change of Entity Transaction. 

          “Permitted
  Indebtedness” means (a) Indebtedness evidenced by the Debentures or
  issuances to the Holders as contemplated by the Transaction Documents, (b) the
  Indebtedness existing on the Original Issue Date and set forth on Section
  3.10 of the EPOD Disclosure Schedule to the Purchase Agreement, provided
  that the principal amount thereof is not increased or the terms thereof are
  not otherwise amended or modified after the Closing Date, (c) Indebtedness to
  trade creditors incurred in the ordinary course of business, and (d) indebtedness
  that (i) is expressly junior and subordinated to the Debentures pursuant to
  a written subordination agreement with the Purchasers that is acceptable to
  each Purchaser in its sole and absolute discretion, (ii) matures at least ninety-one
  (91) days later than the Maturity Date, (iii) has no prepayments or amortization
  payments prior to the maturity of the Debentures, and (iv) has a rate of interest
  no greater than the interest rate of the Debentures.

          “Permitted
Liens” means the individual and collective reference to the following: (a)
Liens existing on the Original Issue Date and set forth on Section 3.13
of the EPOD Disclosure Schedule to the Purchase Agreement, (b) Liens for taxes,
assessments and other governmental charges or levies not yet due or Liens for
taxes, assessments and other governmental charges or levies being
contested in good faith and by appropriate proceedings for which adequate
reserves (in the good faith judgment of the management of the Company or Allora,
as applicable) have been established in accordance with applicable generally
accepted accounting practices; (c) Liens imposed by law which were incurred in
the ordinary course of the Company’s or Allora’s business, as applicable, such
as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens,
and other similar Liens arising in the ordinary course of the Company’s or
Allora’s business, as applicable, and which (x) do not individually or in the
aggregate materially detract from the value of such property or assets or
materially impair the use thereof in the operation of the business of the
Company or Allora, as applicable, and their respective consolidated
subsidiaries, or (y) are being contested in good faith by appropriate
proceedings, which proceedings have the effect of preventing for the foreseeable
future the forfeiture or sale of the property or asset subject to such Lien; (d)
Liens incurred in connection with Permitted Indebtedness under clause (c)
thereunder; provided, that such Liens are not secured by assets of the Company
or Allora, as applicable, or their respective subsidiaries, other than the
assets so acquired or leased; provided, however, that the assets secured by the
Holder pursuant to the Security Interest shall not be encumbered in any manner
except as set forth in the Security Interest in favor of the Holder. 

6 

          “Person”
means an individual, a limited liability company, a partnership, a joint
venture, a corporation, a trust, an unincorporated organization, any other
entity and a government or any department or agency thereof. 

          “Principal
Market” means whichever Eligible Market is at the time the principal trading
exchange or market for the Allora Stock. 

          “Purchaser(s)”
shall have the meaning ascribed to it in the Purchase Agreement. 

          “Redemption”
shall mean any redemption of the Debenture hereunder, including but not limited
to a Redemption Upon Major Transaction, a Mandatory Redemption, and an Automatic
Redemption. 

          “Redemption
Amount” shall mean any amount that is payable to the Holder pursuant to a
Redemption. 

          “Redemption
Date” shall mean the date of any Redemption of the Debenture hereunder. 

          “Registration
Rights Agreement” shall have the meaning ascribed to it in the Purchase
Agreement. 

          “Registration
Statement(s)” shall have the meaning ascribed to it in the Registration
Rights Agreement. 

          “Required
Cash Payment” shall have the meaning set forth in Section 10(a) below. 

7 

          “Required
Minimum” shall have the meaning ascribed to it in the Purchase Agreement.

          “Required
Holders” shall mean Holders holding greater than seventy-five percent (75%)
of the then outstanding principal amount of Debentures. 

          “Security
Interest” shall mean Holder’s rights in the Collateral (as defined pursuant
to, and as granted in accordance with, the Purchase Agreement), as evidenced by
the Security Agreements and the Share Pledge Agreements (as each such term is
defined in the Purchase Agreement). 

          “Shares”
shall mean the shares of EPOD Stock or Allora Stock, as applicable, issuable
upon Conversion of the Debentures.

          “Subscription
Amount” shall mean, as to each Purchaser, the amount to be paid for the
Debenture purchased pursuant to the Purchase Agreement, in United States Dollars
and in immediately available funds. 

          
“Transaction Documents” shall have the meaning ascribed to it in the
Purchase Agreement. 

          “Volume
Weighted Average Price” or “VWAP” for any security as of any date
means the volume weighted average sale price on the Principal Market, as
reported by, or as calculated based upon data reported by, Bloomberg or an
equivalent, reliable reporting service mutually acceptable to and hereafter
designated by holders of a majority in interest of the Debentures and the
Company or Allora, as applicable, or, if no volume weighted average sale price
is reported for such security, then the last closing trade price of such
security as reported by Bloomberg, or, if no last closing trade price is
reported for such security by Bloomberg, the average of the closing trade prices
of any market makers for such security that are quoted in the "pink sheets" by
the National Quotation Bureau, Inc. If the Volume Weighted Average Price is to
be determined over a period of more than one Business Day, then “Volume
Weighted Average Price” for the period shall mean the volume weighted
average of the daily Volume Weighted Average Prices, determined as set forth
above, for each Business Day during the period. If the volume weighted average
price cannot be calculated for such security on such date in the manner provided
above, the volume weighted average price shall be the fair market value as
mutually determined by the Company or Allora, as applicable, and the holders of
a majority in interest of the Debentures being converted for which the
calculation of the volume weighted average price is required in order to
determine the Conversion Price of such Debentures.

          “Warrant”
shall have the meaning ascribed to it in the Purchase Agreement. 

8 

          “Warrant
Shares” shall mean, collectively, the EPOD Warrant Shares and the
Corporation Warrant Shares, as applicable, as each such term is defined in the
Purchase Agreement. 

          Section
2.      Interest. Subject to the
terms and conditions of this Debenture, The Company or Allora, as applicable,
shall pay interest (“Interest”) to the Holder on the aggregate
unconverted and then outstanding principal amount of this Debenture at the rate
of eleven percent (11%) per annum (or such increased amount, as applicable) (the
“Interest Rate”) from the Original Issue Date (as defined herein) until
the same becomes due and payable, whether at maturity or upon acceleration or
otherwise, ), in cash, on the Interest Payment Date (as defined below). Interest
shall commence accruing on the Original Issue Date, shall be computed on the
basis of a 365-day year and the actual number of days elapsed and shall be
payable monthly (as further described below), in cash or, to the extent not yet
paid, at maturity or upon acceleration in accordance with the terms hereof.
Payments of Interest shall be due and payable monthly, in arrears, (i) on the
first Business Day of each month after the Original Issue Date, (in each case,
if not a Business Day, then on the next Business Day) occurring after the
Original Issue Date, (ii) on each Conversion Date (as defined in Section
3(d))(as to that principal amount then being converted), (iii) on each
Redemption Date, and (iv) on the Maturity Date (as defined above) (each such
date, an “Interest Payment Date”).

          Furthermore,
upon the occurrence of an Event of Default (as defined in Section 10 hereof)
which, if curable, has remained uncured for ten (10) Business Days, or in the
event that Interest to be paid hereunder is overdue the Company or Allora, as
applicable, will pay Interest to the Holder, payable on demand, on the
outstanding principal balance of and unpaid interest on the Debenture from the
date of the Event of Default until such Event of Default is cured, or in the
event that Interest to be paid hereunder is overdue, then from the date such
Interest was payable, as applicable, at the rate of the lesser of eighteen
percent (18%) or the maximum applicable legal rate per annum, which Interest
shall accrue daily from the date such Interest is due hereunder through and
including the date of actual payment in full.

          In
the event that the Initial Registration Statement (as defined in the
Registration Rights Agreement) has not been filed by the Initial Registration
Filing Deadline or declared effective by the Commission by the Effectiveness
Deadline (as defined in the Registration Rights Agreement), then the Interest
Rate under this Debenture shall (retroactively to the date Interest (as defined
in the Debentures) began to accrue under the Debentures) increase to
thirteen percent (13%) until such time as the Initial Registration Statement is
filed or declared effective by the Commission, as applicable, after which it
will return to the Interest Rate. 

          Section
3.      Conversion.

                    (a)      Conversion
  Right. 

9 

                                   (i)
Conversion Timing and Amount. Subject to the limitations on
Conversion contained herein, the record Holder of this Debenture shall have the
right (a “Conversion Right”) from time to time, and at any time on or
after the Original Issue Date hereof to convert any of all of the Debentures
(plus any accrued and unpaid Interest, Liquidated Damages and other Required
Cash Payments) into fully paid and non-assessable shares of EPOD Stock or Allora
Stock, as applicable and as described below (collectively referred to
hereinafter from time to time as “Conversion Shares”), or any shares of
capital stock or other securities of the Company or Allora, as applicable, into
which such Conversion Shares shall hereafter be changed or reclassified, at the
Conversion Price (as defined in Section 3(b) below, subject to adjustment as
provided herein) determined as provided herein (a “Conversion”). The
Conversion Right set forth in this Section 3 shall remain in full force and
effect immediately from the Original Issue Date until the Debenture is paid in
full, regardless of the occurrence of an Event of Default. 

                                   The
Conversion Right shall be exercisable by the record Holder of this Debenture as
follows: 

                                   (A)     
This Debenture shall be convertible, at the option of the record Holder, for a
period beginning as of the Initial Closing Date and ending on the date of
closing of the Asset Purchase, into shares of EPOD Stock or Allora Stock. 

                                   (B)      Following
the date of closing of the Asset Purchase, this Debenture shall be convertible
by the record Holder solely into shares of Allora Stock. 

                                   (C)     
In the event that the closing of the Asset Purchase does not take place for any
reason, this Debenture shall be convertible by the record Holder solely into
shares of EPOD Stock 

                                   (ii)      Limitation
On Conversion. In the event that the record Holder elects to
convert this Debenture into shares of Allora Stock in accordance with the terms
hereof, notwithstanding the above, in no event shall the record Holder be
entitled to convert any portion of this Debenture in excess of that portion of
this Debenture upon Conversion of which (nor shall Allora be permitted to pay
Interest or any Monthly Redemption in shares of Allora Stock to the extent that)
the sum of (1) the number of shares of Allora Stock beneficially owned by the
record Holder and any applicable affiliates (other than shares of Allora Stock
which may be deemed beneficially owned through the ownership of the unconverted
portion of the Debenture, the unexercised Warrants or the unexercised or
unconverted portion of any other security of Allora subject to a limitation on
Conversion or exercise analogous to the limitations contained herein) (the
“Beneficially Owned Shares”), and (2) the number of shares of Allora
Stock issuable upon the Conversion of the portion of this Debenture with respect
to which the determination of this proviso is being made or upon the payment of
Interest in shares of Allora Stock with respect to which the determination of
this proviso is being made, would result in beneficial ownership by the Holder
and its affiliates of more than 4.99% (the “Maximum Percentage”) of the
number of shares of Allora Stock outstanding immediately after giving effect to
the issuance of shares of Allora Stock issuable upon conversion of this
Debenture held by the record Holder (the “Beneficial Ownership Limitation”).
For purposes of the proviso to the immediately preceding sentence, beneficial
ownership shall be determined by the Holder in accordance with Section 13(d) of
the Exchange Act and Regulations 13D-G thereunder, except as otherwise provided
in clause (1) of such proviso in the immediately preceding sentence; provided,
that the Beneficial Ownership Limitation shall be conclusively satisfied if the
applicable Notice of Conversion includes a signed representation by the Holder,
if requested by Allora, that the issuance of the shares in such Notice of
Conversion will not violate the Beneficial Ownership Limitation, and Allora
shall not be entitled to require additional documentation of such satisfaction.

10 

                                   In
the event that Allora receives any tender offer or any offer to enter into a
merger with another entity whereby Allora shall not be the surviving entity (an
“Offer”), or in the event that Default Shares are being issued to the
Holder pursuant to Section 11 hereof, then the Maximum Percentage shall be
automatically increased immediately after such Offer to read “9.99%” each place
that “4.99%” occurs in the first paragraph of this Section 3(a)(ii) above.
Notwithstanding the above, Holder shall retain the option to either exercise or
not exercise its option(s) to acquire Allora Stock pursuant to the terms hereof
after an Offer. The Beneficial Ownership Limitation provisions of this Section
3(a)(ii) may be waived by such Holder, at the election of such Holder, upon not
less than sixty-one (61) days’ prior notice to Allora, as applicable, to change
the Maximum Percentage to any other percentage not less than 4.99% and not in
excess of 9.99% of the number of shares of the Allora Stock outstanding
immediately after giving effect to the issuance of shares of Allora Stock upon
conversion of this Debenture held by the Holder and the provisions of this
Section 3(a)(ii) shall continue to apply. Any such increase or decrease to the
Maximum Percentage will apply only to the Holder and not to any other holder of
Debentures. Upon such a change by a Holder of the Beneficial Ownership
Limitation from such 4.99% limitation to such 9.99% limitation, the Beneficial
Ownership Limitation may not be further waived by such Holder; provided that, if
an Event of Default occurs, thereafter the Beneficial Ownership Limitation
provisions of this Section 3(a)(ii) may be waived by such Holder, at the
election of such Holder, upon not less than 61 days’ prior notice to Allora, to
change the Maximum Percentage to any other percentage not less than 4.99% (and
not limited to 9.99%) of the number of shares of the Allora Stock outstanding
immediately after giving effect to the issuance of shares of Allora Stock upon
conversion of this Debenture held by the Holder and the provisions of this
Section 3(a)(ii) shall continue to apply. The provisions of this paragraph shall
be construed and implemented in a manner otherwise than in strict conformity
with the terms of this Section 3(a)(ii) to correct this paragraph (or any
portion hereof) which may be defective or inconsistent with the intended
Beneficial Ownership Limitation herein contained or to make changes or
supplements necessary or desirable to properly give effect to such
limitation.

                                   (iii)     
Maximum Exercise of Rights. In the event the Holder notifies Allora that
the exercise of the rights described in this Section 3 or the issuance of other
shares Allora Stock issuable to the Holder under the terms of the Transaction Documents (collectively, “Issuable Shares”) would result
in the issuance of an amount of Allora Stock that would exceed the maximum
amount that may be issued to a Holder calculated in the manner described in
Section 3(a)(ii) of this Debenture, then the issuance of such additional shares
of Allora Stock to such Holder will be deferred in whole or in part until such
time as such Holder is able to beneficially own such Allora Stock without
exceeding the maximum amount calculated in the manner described in Section
3(a)(ii) of this Debenture. The determination of when such Allora Stock may be
issued without violating the Beneficial Ownership Limitations shall be made by
each Holder as to only such Holder.

11 

                                   (iv)     
Calculation of Conversion Amount. The number of shares of EPOD Stock or
Allora Stock, as applicable, to be issued upon each Conversion of this Debenture
shall be determined by dividing the Conversion Amount (as defined herein) by the
applicable Conversion Price. The term “Conversion Amount” means, with
respect to any Conversion of this Debenture, the sum of (1) the principal amount
of this Debenture to be converted in such Conversion, PLUS (2) all accrued and
unpaid Interest thereon for the period beginning on the Original Issue Date and
ending on the Conversion Date (as defined in Section 3(d) hereof), PLUS (3) at
the Holder's option, any Liquidated Damages and other Required Cash Payment owed
to the Holder.

                         (b)     
Conversion Price. The “Conversion Price” shall initially be equal
to the lesser of (i) in the case of a conversion into either shares of Allora
Stock or EPOD Stock, $5.80 per share, or (ii) with respect solely to conversion
into shares of Allora Stock (x) if, at the time of delivery of such written
notice to Allora, there are quotations available in the Principal Market with
respect to shares of Allora Stock, the closing price for the shares on the first
Business Day such shares are trading, less a twenty percent (20%) discount, or
(y) the Volume Weighted Average Price for the shares of Allora Stock on the
Principal Market, measured during a ten (10) Business Day period ending on the
date the Registration Statement on Form S-1 (as required to be filed by the
Corporation pursuant to the Registration Rights Agreement) is declared effective
by the Commission (for illustrative purposes only, in the event that such
registration statement is declared effective on June 30, 2009, the Volume
Weighted Average Price for purposes of this Section 1.05(b)(ii)(B) shall be
measured for the 10 Business Days beginning as of June 17, 2009 and ending on
June 30, 2009). The initial Conversion Price shall be subject to adjustments
pursuant to the terms of this Debenture and subject to equitable adjustments for
stock splits, stock dividends or rights offerings by Allora relating to Allora’s
securities or the securities of any subsidiary of Allora, combinations,
recapitalization, reclassifications, extraordinary distributions and similar
events); provided, that the Purchasers acknowledge and agree that the adjustment
described in Section 3(b)(ii)(y) shall be a one time adjustment, which
adjustment shall govern any and all subsequent adjustments.

                         (c)      Reservation
of Shares.

                                        (i)      Increase
and Maintenance of Authorized and Reserved Amount. The Company
and Allora covenant that each of them will (and shall further require any respective successor in interest to), at all times
until the Maturity Date, reserve from their respective authorized and unissued
common stock, for the sole purpose of issuance upon conversion of this Debenture
and payment of Interest upon this Debenture, each as herein provided, free from
preemptive rights or any other actual contingent purchase rights of Persons
other than the Holder, not less than such aggregate number of Allora Stock or
EPOD Stock, as applicable, as shall (subject to the terms and conditions of the
Purchase Agreement) be issuable upon conversion of the then outstanding
principal amount of this Debenture and payment of Interest hereunder. The
Company and Allora, represent that, upon issuance, such shares shall, upon
issue, will be duly authorized and validly issued, fully paid and
non-assessable, and if the Initial Registration Statement is then effective
under the Securities Act, shall be registered for public resale in accordance
with such Registration Statement.

12 

                                        
(ii)      Insufficient Authorized Shares.
If, on any date, the number of authorized but unissued (and otherwise
unreserved) shares of EPOD Stock or Allora Stock, as and to the extent
applicable, is less than the Required Minimum on such date, then the Board of
Directors of the Company or Allora, as necessary, shall use commercially
reasonable efforts to amend their respective organizational documents to
increase their number of authorized but unissued shares of common stock to at
least the Required Minimum at such time, as soon as possible and in any event
not later than the seventy-fifth (75th) day after such date. 

          The
  Company or Allora, as applicable, shall use its best efforts to authorize and
  reserve a sufficient number of shares of EPOD Stock and Allora Stock, as applicable,
  as soon as practicable following the earlier of (i) such time that the Holder
  notifies the Company or Allora, as applicable, or such time that the Company
  or Allora, as applicable, otherwise become aware that there are or likely will
  be insufficient authorized, reserved and unissued shares to allow full Conversion
  of the outstanding amount of this Debenture and full exercise of the outstanding
  amount of Holder’s Warrants, based upon the Holder’s Reserved Share
  Allocation (as defined below) (as defined below). The Company or Allora, as
  applicable, shall send notice to the Holder of the authorization of such additional
  shares, the date of such authorization. 

                                        (iii)     
Allocations of Reserve Amount. The initial number of shares of
EPOD Stock and Allora Stock, as applicable, authorized and reserved for
conversions of the Debentures and exercise of the Warrants and each increase in
the number of shares so reserved (collectively, the “Actual Reserved
Amount”) shall be allocated pro rata among the Holders (the
"Reserved Share Allocation") of the Debentures based on the aggregate
number of shares of EPOD Stock or Allora Stock, as applicable, into which each
Holder’s outstanding Debenture would be convertible and into which each Holder’s
outstanding Warrants would be exercisable at the time of the increase
(collectively, the “Fully Diluted Holdings”) as a percentage of the
aggregate Fully Diluted Holdings of all of the Holders. In the event a Holder
shall sell or otherwise transfer such Holder’s Debenture, each transferee shall
immediately be allocated a pro rata portion of such transferor’s Reserved Share
Allocation. Any portion of the Reserved Share Allocation which remains allocated
to any Person or entity which does not hold any Debenture shall be allocated to the remaining holders of Debentures, pro rata
based on the Holder’s Fully Diluted Holdings at the time of such allocation.

13 

                         (d)     
Method of Conversion. 

                                        (i)     
Mechanics of Conversion. Subject to Section 3(a) and the other provisions
of this Debenture, this Debenture may be converted into EPOD Stock or Allora
Stock, as applicable, by the Holder in whole or in part at any time and from
time to time after the Original Issue Date by (A) submitting to the Company or
Allora, as applicable, a duly executed notice of Conversion in the form attached
hereto as Exhibit A (“Notice of Conversion”) by facsimile
dispatched prior to Midnight, New York City time (the “Conversion Notice
Deadline”) on the date specified therein as the Conversion Date (as defined
herein) (or by other means resulting in written notice to the Company or Allora,
as applicable, on the date specified therein as the Conversion Date) to the
office of the Company or Allora, as applicable, which notice shall specify the
principal amount of this Debenture to be Converted (plus the dollar amount of
any accrued but unpaid Interest, Liquidated Damages, and other Required Cash
Payments that the Holder elects to convert), the applicable Conversion Price,
and the number of shares of EPOD Stock or Allora Stock, as applicable, issuable
upon such Conversion, and (B) subject to Section 3(d)(vi), surrendering the
Debenture at the principal office of the Company or Allora, as applicable. 

                                        (ii)     
Conversion Date. The “Conversion Date” shall be the date
specified in the Notice of Conversion, provided that the Notice of Conversion is
submitted by facsimile (or by other means resulting in, or reasonably expected
to result in, written notice) to the Company or, if to Allora, its transfer
agent (the “Transfer Agent”) before Midnight, New York City time, on the
date so specified, otherwise the Conversion Date shall be the date that the
Notice of Conversion (or a facsimile thereof) is first received by the Company
or, with respect to Allora, its Transfer Agent. The Person or Persons entitled
to receive the shares of EPOD Stock or Allora Stock, as applicable, issuable
upon Conversion shall be treated for all purposes as the record holder or
holders of such securities as of the Conversion Date. 

                                        (iii)      Delivery
of Shares Upon Conversion. Upon submission of a Notice of Conversion,
the Company or Allora, as applicable, shall, by no later than the fifth
(5th) Business Day after the Conversion Date (the “Conversion
Shares Delivery Deadline”), issue and deliver (or, with respect to Allora,
cause its Transfer Agent so to issue and deliver) to or upon the order of the
Holder (A) a certificate for that number of Conversion Shares for the principal
amount of this Debenture (plus the dollar amount of any accrued but unpaid
Interest, Liquidated Damages, and other Required Cash Payments that the Holder
elects to convert into shares of EPOD Stock or Allora Stock, as applicable)
converted as shall be determined in accordance herewith and (B) a bank check in
the amount of any accrued and unpaid Interest, to the extent such Interest has
not been included in the conversion in subpart (A) of this sentence. Upon the
Conversion of this Debenture, the Company or Allora, as applicable, shall, at
its own cost and expense, take all necessary action, including obtaining and
delivering an opinion of counsel to assure that the Company or, with respect to Allora,
its Transfer Agent, shall issue stock certificates in the name of Holder (or its
nominee) or such other Persons as designated by Holder and in such denominations
to be specified at Conversion representing the number of shares of EPOD Stock or
Allora Stock issuable upon such Conversion. Allora warrants that no instructions
other than these instructions have been or will be given to the Transfer Agent
of the Allora Stock and that such shares will be free-trading, and freely
transferable, and will not contain a legend restricting the resale or
transferability of such shares of Allora Stock; provided, that such shares are
being issued during the effectiveness of, and will be sold pursuant to, an
effective registration statement covering such shares or are eligible for resale
pursuant to Rule 144 or another available exemption from registration.

14 

                                        (iv)     
Delivery Failure; Partial Liquidated Damages; Revocation of
Conversion. If the Company or Allora, as applicable, fails for any reason
to deliver to the Holder a certificate or certificates representing the
Conversion Shares pursuant to Section 3(d)(iii) by the fifth (5th)
Business Day after the Conversion Date, the Company or Allora, as applicable,
shall pay to such Holder, in cash, as liquidated damages and not as a penalty,
for each $1,000 of principal amount being converted, $10 per Business Day
(increasing to $20 per Business Day on the seventh (7th) Business Day
after such liquidated damages begin to accrue) for each Business Day after such
seventh Business Day until such certificates are delivered (the “Late Share
Delivery Liquidated Damages”). Nothing herein shall limit a Holder’s right
to pursue actual damages or damages for an Event of Default pursuant to the
terms hereof for the Company’s or Allora’s failure, as applicable, to deliver
Conversion Shares within the period specified herein and such Holder shall have
the right to pursue all remedies available to it hereunder, at law or in equity
including, without limitation, a decree of specific performance and/or
injunctive relief. The exercise of any such rights shall not prohibit the Holder
from seeking to enforce damages pursuant to any other Section hereof or under
applicable law. 

                                        In
addition to any other remedies which may be available to the Holder, in the
event that the Company or Allora, as applicable, fails for any reason to effect
delivery of the Conversion Shares by the Conversion Shares Delivery Deadline, or
fails to effect delivery of Default Shares by the Default Share Delivery
Deadline (as defined in Section 11 hereof) (each, a “Delivery Failure”),
the Holder, at its option, will be entitled to revoke all or part of the
relevant Notice of Conversion (a “Conversion Revocation”) or rescind all
or part of a Default Conversion Notice (as defined in Section 11) (a “Default
Conversion Revocation”) or rescind all or part of a Major Transaction
Conversion Notice (as defined in Section 4) (a “Major Transaction Conversion
Revocation”) or rescind all or part of the notice of Redemption, including
but not limited to a notice of Mandatory Redemption (a “Redemption
Revocation”), as applicable, by delivery of a notice to such effect to the
Company or Allora, as applicable, whereupon the Holder shall regain the rights
of a Holder of this Debenture with respect to such unconverted portions of this
Debenture, and the Company or Allora, as applicable, on the one hand, and the
Holder, on the other hand, shall each be restored to their respective positions
immediately prior to the delivery of such notice, except that the liquidated damages described herein shall be payable through the date
notice of revocation or rescission is given to the Company or Allora, as
applicable.

15 

                                        (v)     
Compensation for Buy-In on Failure to Timely Deliver Certificates Upon
Conversion, or Upon Submission for Legend Removal. In addition to any
other rights available to the Holder, if the Company or Allora, as applicable,
fails for any reason to deliver to the Holder such certificate or certificates
(without legends on the Allora Stock, if the Unrestricted Conditions have been
met) by the Conversion Shares Delivery Deadline pursuant to Section 3(d)(iii),
or if at any time the Holder submits shares of Allora Stock for legend removal
when the Unrestricted Conditions have been met, and Allora fails to deliver or
cause to be delivered to such Holder a certificate representing such shares that
is free from all restrictive and other legends by the applicable Legend Removal
Date, and if after such Conversion Shares Delivery Deadline or Legend Removal
Date, as applicable, the Holder is required by its brokerage firm to purchase
(in an open market transaction or otherwise), or the Holder’s brokerage firm
otherwise purchases, shares of Allora Stock to deliver in satisfaction of a sale
by such Holder of the shares of Allora Stock which the Holder was entitled to
receive upon the Conversion relating to such Conversion Shares Delivery Deadline
or Legend Removal Date, as applicable (each, a “Buy-In”), then Allora
shall (A) pay in cash to the Holder (in addition to any other remedies available
to or elected by the Holder) the amount by which (x) the Holder’s total purchase
price (including any brokerage commissions) for the Allora Stock so purchased
exceeds (y) the product of (1) the aggregate number of shares of Allora Stock so
purchased, multiplied by (2) the actual sale price at which the sell order
giving rise to such purchase obligation was executed (including any brokerage
commissions), and (B) at the option of the Holder, if applicable, either
reinstate (or if necessary, reissue) the portion of the Debenture for which such
Conversion was not honored or deliver to the Holder the number of shares of
Allora Stock that would have been issued if Allora had timely complied with its
delivery requirements under Section 3(d)(iii). For example, if the Holder
purchases Allora Stock having a total purchase price of $11,000 to cover a
Buy-In with respect to an attempted conversion of the Debenture with respect to
which the actual sale price of the shares of Allora Stock (including any
brokerage commissions) giving rise to such purchase obligation was a total of
$10,000 under clause (A) of the immediately preceding sentence, Allora shall be
required to pay the Holder $1,000. The Holder shall provide Allora written
notice indicating the amounts payable to the Holder in respect of the Buy-In
and, upon request of Allora, evidence of the amount of such loss. Nothing herein
shall limit a Holder’s right to pursue any other remedies available to it
hereunder, at law or in equity including, without limitation, a decree of
specific performance and/or injunctive relief with respect to Allora’s failure
to timely deliver certificates representing shares of Allora Stock upon
conversion of this Debenture as required pursuant to the terms hereof. 

                                        (vi)      Surrender
of Debenture Upon Conversion; Book-Entry. Notwithstanding anything to the
contrary set forth herein, upon Conversion of this Debenture in accordance with
the terms hereof, the Holder shall not be required to physically surrender the
Debenture to the Company or Allora, as applicable, unless all of this Debenture
is converted, in which case such Holder shall deliver the Debenture being converted to the Company or Allora, as applicable, promptly
following the Conversion Date at issue. The Holder, on the one hand, and the
Company or Allora, as applicable, on the other hand, shall maintain records (as
necessary) showing the amount of this Debenture that is so converted and the
dates of such Conversions or shall use such other method, reasonably
satisfactory to the Holder, on the one hand, and the Company or Allora, as
applicable, on the other hand, so as not to require physical surrender of this
Debenture upon each such Conversion. In the event of any dispute or discrepancy,
such records of the Holder shall be controlling and determinative in the absence
of manifest error.

16 

                                        (vii)     
No Fractional Shares. If any Conversion of this Debenture would
result in a fractional share of EPOD Stock or Allora Stock, as applicable, or
the right to acquire a fractional share of EPOD Stock or Allora Stock, as
applicable, such fractional share shall be disregarded and the number of shares
of EPOD Stock or Allora Stock, as applicable, issuable upon Conversion of this
Debenture shall be the next higher number of such shares. 

                                        (viii)      Lost
or Stolen Debentures. Upon receipt by the Company or Allora, as
applicable, of evidence of the loss, theft, destruction or mutilation of a
Debenture, and (in the case of loss, theft or destruction) of indemnity
reasonably satisfactory to the Company or Allora, as applicable, and upon
surrender and cancellation of the Debenture, if mutilated, the Company or
Allora, as applicable, shall execute and deliver a new Debenture of like tenor
and date. 

                    (e)      Legends.

                                        (i)     
Restrictive Legends. The Holder understands that the Debentures
and, until such time as shares of Allora Stock issuable upon conversion
hereunder have been registered under the 1933 Act, as contemplated by the
Registration Rights Agreement, or until such time as shares of EPOD Stock or
Allora Stock, as applicable, otherwise may be sold pursuant to Rule 144 without
any restriction as to the number of securities as of a particular date that can
then be immediately sold, such shares of EPOD Stock or Allora Stock, as
applicable, issued upon Conversion of this Debenture may bear a restrictive
legend in substantially the following form (and a stop-transfer order may be
placed against transfer of the certificates for such shares): 

  
              "THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.
      THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF
      AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR
      AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE REASONABLY SATISFACTORY
      TO COUNSEL TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID
      ACT." 

  

17 

                                        (ii)     
Removal of Legends. At such time as shares of Allora Stock or
Company Stock, as applicable, issuable upon conversion hereunder have been
registered under the 1933 Act, as contemplated by the Registration Rights
Agreement, or if the Unrestricted Conditions have been met, Allora or the
Company, as applicable, will issue and deliver the shares of Allora Stock or
Company Stock, as applicable, issuable upon Conversion of this Debenture without
restrictive legends (including the legend set forth above in this Section 3(e)),
and will remove, or cause its Transfer Agent to remove at Allora’s or Company’s
expense, as applicable, any restrictive legends on any shares of Allora Stock or
Company Stock, as applicable, issuable upon Conversion of this Debenture that
contain restrictive legends (including the legend set forth above in this
Section 3(e)) no later than three (3) Business Days following the delivery by
Holder to Allora, Company or its Transfer Agent of a certificate representing
shares of Allora Stock or Company Stock issued with a restrictive legend. The
Holder agrees to sell all shares of Allora Stock or Company Stock, as
applicable, including those represented by a certificate(s) from which the
legend has been removed, in compliance with applicable prospectus delivery
requirements, if any. 

                              (f)     
DTC Delivery. In lieu of delivering physical certificates representing
the unlegended shares of Allora Stock (the “Unlegended Shares”), provided
Allora’s Transfer Agent is participating in the Depository Trust Company
(“DTC”) Fast Automated Securities Transfer (“FAST”) program, upon
request of the Holder, so long as the certificates therefor are not required to
bear a legend and the Holder is not obligated to return such certificate for the
placement of a legend thereon, Allora shall cause its Transfer Agent to
electronically transmit the Unlegended Shares to the Holder by crediting the
account of the Holder's prime broker with DTC through its Deposit Withdrawal
Agent Commission (“DWAC”) system. The time periods for delivery and
penalties described herein shall likewise apply to the electronic transmittals
described herein.

                              (g)     
Status as Shareholder. Upon submission of a Notice of Conversion by a
Holder, (i) the portion of this Debenture covered thereby (other than the
portion, if any, pursuant to the Conversion of which shares cannot be issued
because their issuance would exceed such Holder's allocated portion of the
Required Reserve Amount) shall be deemed converted into shares of Allora Stock
or EPOD Stock, as applicable, and (ii) the Holder’s rights as a Holder of such
converted portion of this Debenture shall cease and terminate, excepting only
the right to receive certificates for such shares of Allora Stock or EPOD Stock,
as applicable, and to any Liquidated Damages or other remedies provided herein
or in the Transaction Documents or otherwise available at law or in equity to
such Holder because of a failure by Allora or the Company, as applicable, to
comply with the terms of this Debenture, including but not limited to the
remedies provided in Section 3(d)(iv), Section 3(d)(vi), Section 11 and Section
14 hereof. Notwithstanding the foregoing, if a Holder initiates a Conversion
Revocation, a Default Conversion Revocation or a Redemption Revocation pursuant
to Section 3(d)(iv) hereof, the Holder shall regain the rights of a Holder of this
Debenture with respect to such unconverted portion of this Debenture as
specified in Section 3(d)(iv) and the Company or Allora, as applicable, shall,
as soon as practicable, return such unconverted portion of this Debenture to the
Holder or, if the Debenture has not been surrendered, adjust its records to
reflect that such portion of the Debenture has not been converted. In all cases,
the Holder shall retain all of its rights and remedies (including, without
limitation, the right to receive Liquidated Damages to the extent required
hereby for such Event of Failure and any subsequent Event of Failure and the
right to receive the Default Amount pursuant to Section 11 to the extent
required thereby) for the Company’s or Allora’s failure, as applicable, to
convert this Debenture. 

18 

                              (h)      Pro
Rata Conversion. In the event that the Company or Allora, as applicable,
receives a Conversion Notice from more than one holder of Debentures for the
same Conversion Date and the Company or Allora, as applicable, can convert some,
but not all, of such portions of the Debentures submitted for conversion, the
Company or Allora, as applicable, shall convert from each holder of Debentures
electing to have Debentures converted on such date a pro rata amount of such
Holder’s portion of its Debentures submitted for conversion based on the
principal amount of Debentures submitted for Conversion on such date by such
Holder relative to the aggregate principal amount of all Debentures submitted
for Conversion on such date.

          Section
4.      Rights Upon Major
Transaction or Change of Entity Transaction. 

(a) Definitions. For purposes
hereof,

          “Change
of Entity Transaction” means a consolidation, merger, exchange of
shares, recapitalization, reorganization, business combination or other similar
event, in one or a series of transactions, with a publicly-traded company
current in its 1934 Act filings and requirements, following which (a) the
holders of EPOD Stock or Allora Stock, as applicable, immediately preceding such
consolidation, merger, change of shares, recapitalization, reorganization,
business combination or event either (i) no longer hold a majority of the shares
of EPOD Stock or of Allora Stock, as applicable, or (ii) no longer have the
ability to elect a majority of the board of directors of the Company or of
Allora, as applicable, or (b) as a result of which shares of EPOD Stock or
Allora Stock, as applicable, shall be changed into (or the shares of EPOD Stock
or Allora Stock, as applicable, become entitled to receive) the same or a
different number of shares of the same or another class or classes of stock or
securities of the Company or Allora, as applicable, or another entity. For the
avoidance of doubt, the term Change of Entity Transaction, as used herein, shall
not include the Asset Purchase. 

          “Sufficient
Trading Characteristics” shall mean that the average daily dollar trading
volume of the common stock of such entity on its primary exchange or market is equal to
or in excess of $100,000 for the 90th through the 31st day prior to the public
announcement of the transaction in respect of which this definition shall be
applied. 

19 

          “Permissible
Change of Entity Transaction” shall mean a Change of Entity Transaction
where the Successor Entity (as defined below) (A) is a publicly traded company
whose common stock is quoted on or listed for trading on an Eligible Market, (B)
has Sufficient Trading Characteristics (as defined above), and (C) meets the
Assumption Requirements (as required in Section 4(b) below), or any other Change
of Entity Transaction with respect to which the Holder provides the Company or
Allora, as applicable, with a Major Transaction Approval Notice (as defined in
subsection (d) immediately below). 

          “Impermissible
Change of Entity Transaction” shall mean a Change of Entity Transaction
which does not qualify as a Permissible Change of Entity Transaction. 

          “Major
Transaction” means

          (i)     
an Impermissible Change of Entity Transaction; and 

               (ii)      a
single or series of transaction through which the sale or transfer of more than
thirty three percent (33%), in the aggregate, of the properties or assets of the
Company or Allora, as applicable, including but not limited to the voting
securities of the Company or Allora, as applicable, to another Person or Persons
in any rolling 24 month period; and 

               (iii)     
a purchase, tender or exchange offer made to and accepted by the holders of more
than the 50% of the outstanding voting shares of EPOD Stock or Allora Stock, as
applicable. 

                    (b)      Assumption
  Upon Permissible Change of Entity Transaction. Neither the Company nor
  Allora, as applicable, shall, for so long as any of the Debentures remain outstanding
  and they remain obligated hereunder, enter into or be party to a Change of Entity
  Transaction unless any Person purchasing the Company’s assets or EPOD Stock,
  or Allora’s assets or Allora Stock, as applicable, or unless any successor
  entity resulting from such Change of Entity Transaction (in each case, a “Successor
  Entity”) assumes (an “Assumption”), in writing, each
  and all of the liabilities and obligations of the Company or Allora, as applicable,
  under this Debenture and the other Transaction Documents in accordance with
  the provisions of this Section 4(b) pursuant to written agreements in form and
  substance satisfactory to the Required Holders in their sole discretion and
  approved by the Required Holders prior to such Change of Entity Transaction,
  including agreements to deliver to each holder of Debentures in exchange for
  such Debentures a security of the Successor Entity evidenced by a written instrument substantially similar in form and
substance to the Debenture, including, without limitation, having a principal
amount and interest rate equal to the principal amount and Interest rate of the
Debentures held by such Holder, having similar Conversion Rights as the
Debentures (including but not limited to a similar Conversion Price and similar
Conversion Price adjustment provisions, but not including the right to convert
the Debenture into shares of EPOD Stock or Allora Stock, as applicable, if and
to the extent that it is not a party to the Change of Entity Transaction) and
having similar priority to the Debentures, and satisfactory to the Required
Holders. Upon the occurrence of any Change of Entity Transaction, the Successor
Entity shall succeed to, and be substituted for (so that from and after the date
of such Change of Entity Transaction, the provisions of the Debenture referring
to the “Company” or “Allora”, as applicable, shall refer instead to the
Successor Entity), and may exercise every right and power of the Company or
Allora, as applicable, and shall assume all of the liabilities and obligations
of the Company or Allora, as applicable, under this Debenture with the same
effect as if such Successor Entity had been named herein. Upon consummation of a
Change of Entity Transaction, the Successor Entity shall deliver to the Holder
confirmation that there shall be issued upon Conversion or redemption of the
Debentures at any time after the consummation of the Change of Entity
Transaction, in lieu of the shares of EPOD Stock or Allora Stock, as applicable
(or other securities, cash, assets or other property) issuable upon the
Conversion of the Debentures prior to such Change of Entity Transaction, such
shares of publicly traded common stock (or their equivalent) of the Successor
Entity, as adjusted in accordance with the provisions of this Debenture. The
provisions of this Section shall apply similarly and equally to successive
Change of Entity Transactions and shall be applied without regard to any
limitations on the conversion of the Debenture. The requirements of this Section
4(b) are referred to herein as the “Assumption Requirements.” 

20 

                         (c)      Notice
  of Transaction. At least thirty (30) days prior to the consummation of
  a Major Transaction or Change of Entity Transaction, the Company or Allora,
  as applicable, shall deliver written notice thereof via facsimile and overnight
  courier to the Holder (a “Transaction Notice”), which notice
  shall specify the nature and terms of the proposed transaction (including notice
  of whether or not such transaction constitutes a Major Transaction) and nature
  of the Successor Entity (if any).

                         (d)      Redemption
Right Upon Major Transaction. At any time during the period beginning after
the Holder’s receipt of a Transaction Notice and ending on the Business Day
immediately prior to the consummation of such Major Transaction, the Holder may
require the Company or Allora, as applicable, to redeem (a “Redemption Upon
Major Transaction”) all or any portion of the Holder’s Debenture by
delivering written notice thereof (“Major Transaction Redemption Notice”)
to the Company or Allora, as applicable, which Major Transaction Redemption
Notice shall indicate the aggregate principal amount of Debentures (the
“Redemption Principal Amount”) that the Holder is electing to be
redeemed. The Redemption Principal Amount of Debentures subject to redemption
pursuant to this Section 4(d) shall be redeemed by the Company or Allora, as
applicable, in cash at a price (the “Major Transaction Redemption Price”)
equal to the greater of: 

21 

(i) the product of (A) the sum of the
Redemption Principal Amount being redeemed and any accrued and unpaid Interest
with respect to such Redemption Principal Amount, and any accrued and unpaid
Liquidated Damages and any other Required Cash Payments (such amounts in
addition to the Redemption Principal Amount are referred to herein as the
“Supplementary Amounts”), and (B) the quotient determined by dividing (x)
the greater of (I) the Market Price of the shares of EPOD Stock or Allora Stock
immediately following the public announcement of such proposed Major
Transaction, and (II) such Market Price on the date that the Major Transaction
Redemption Price is paid to the Holder, by (y) the Conversion Price then in
effect;

and

(ii) the sum of (A) the Major
Transaction Redemption Premium multiplied by the Redemption Principal Amount
being redeemed, plus (B) the Supplementary Amounts.

                         (e)     
Escrow; Payment of Major Transaction Redemption Price. Neither the
Company nor Allora, as applicable, shall effect a Major Transaction unless it
shall first place, or shall cause the Successor Entity to place, into an escrow
account with an independent escrow agent, at least three (3) Business Days prior
to the closing the Major Transaction (the “Major Transaction Escrow
Deadline”), an amount equal to the Major Transaction Redemption Price.
Concurrently upon closing of any Major Transaction, the Company or Allora, as
applicable, shall pay or shall instruct the escrow agent to pay the Major
Transaction Redemption Price to the Holder, which payment shall constitute a
Redemption Upon Major Transaction of this Debenture.

                         (f)     
Injunction. In the event that the Company or Allora, as applicable,
attempts to consummate a Major Transaction without placing the Major Transaction
Redemption Price in escrow in accordance with subsection (e) above or without
payment of the Major Transaction Redemption Price to the Holder upon
consummation of such Major Transaction, the Holder shall, without limitation to
Holder’s other rights and remedies, have the right to apply for an injunction in
any state or federal courts sitting in the State of Delaware to prevent the
closing of such Major Transaction until the Major Transaction Redemption Price
is paid to the Holder, in full. 

                         (g)     
Mechanics of Redemptions Upon Major Transactions. Redemptions required by
this Section 4 shall be made in accordance with the provisions of Section 12 and
shall have priority to payments to shareholders of the Company or Allora, as
applicable, in connection with a Major Transaction. To the extent redemptions
required by this Section 4(g) are deemed or determined by a court of competent
jurisdiction to be prepayments of the Debenture by the Company or Allora, as
applicable, such redemptions shall be deemed to be voluntary prepayments.
Notwithstanding anything to the contrary in this Section 4, until the Major Transaction
Redemption Price (together with any Supplementary Amounts thereon) is paid in
full, the Redemption Principal Amount submitted for redemption under this
Section and the Supplementary Amounts may be converted (a “Major Transaction
Conversion”), in whole or in part, by the Holder into shares of EPOD Stock
or Allora Stock, as applicable, upon written notice (“Major Transaction
Conversion Notice”) to the Company or Allora, as applicable (or the
Successor Entity, if applicable), or in the event the Conversion Date is after
the consummation of a Change of Entity Transaction (as defined above), into
shares of publicly traded common stock (or their equivalent) of the Successor
Entity pursuant to Section 4(b). Unless otherwise indicated by the Holder in the
applicable Notice of Conversion, any principal amount of this Debenture
converted during the period from the date of the Major Transaction Redemption
Notice until the date the Major Transaction Redemption Price is paid in full
shall be considered to be a conversion (instead of a Redemption) of a portion of
this Debenture that would have been subject to such Redemption, and any amounts
of this Debenture converted from time to time during such period shall be
converted in full into shares of EPOD Stock or Allora Stock, as applicable, at
the Conversion Price then in effect, and the dollar amount so converted into
EPOD Stock or Allora Stock, as applicable, shall be deducted from the Redemption
Principal Amount (as defined above) and any Supplementary Amounts that are
subject to such redemption.

22 

          Section
5. Effect of Certain Events.

                         (a)     
Participation. The Holder, as the holder of the Debenture, shall be
entitled to receive such dividends paid and distributions made to the holders of
EPOD Stock or Allora Stock, as applicable, to the same extent as if the Holder
had completely converted the Debenture into such shares (without regard to any
limitations on Conversion herein or elsewhere and without regard to whether or
not a sufficient number of shares are authorized and reserved to effect any such
exercise and issuance) and had held such shares on the record date for such
dividends and distributions. Payments under the preceding sentence shall be made
concurrently with the dividend or distribution to the holders of shares of EPOD
Stock or Allora Stock, as applicable.

                         (b)     
Voting Rights. The Holder shall obtain common shareholder voting
rights with respect to the number of shares of EPOD Stock or Allora Stock, as
applicable, held by the Holder plus the number of shares of EPOD Stock or Allora
Stock, as applicable, issuable pursuant to Conversions of the Debenture at any
given time (subject to the Beneficial Ownership Limitations). 

                         (c)      Rights
Upon Issuance of Purchase Rights. If at any time the Company or Allora, as
applicable, grants, issues or sells any Options, Convertible Securities or
rights to purchase shares, warrants, securities or other property pro rata to
the record holders of any class of shares of EPOD Stock or Allora Stock, as
applicable (the “Purchase Rights”), then the Holders will be entitled to
acquire, upon the terms applicable to such Purchase Rights, the aggregate
Purchase Rights which such Holder could have acquired if such Holder had held
the number of shares of EPOD Stock or Allora Stock, as applicable, acquirable upon complete
Conversion of the Debenture (including and Required Payments in connection
therewith) (without taking into account any limitations or restrictions on the
convertibility of the Debenture) immediately before the date on which a record
is taken for the grant, issuance or sale of such Purchase Rights or, if no such
record is taken, the date as of which the record holders of shares of EPOD Stock
or Allora Stock, as applicable, are to be determined for the grant, issue or
sale of such Purchase Rights. 

23 

          Section
6. Adjustment Upon Issuance of Shares of EPOD Stock or
Allora Stock, or Common Stock Equivalents, and Certain
Other Events; Notice of Adjustment; Notice Failure
Adjustment. If the Company or Allora, as applicable, issues or sells, or
in accordance with this Section 6 is deemed to have issued or sold, any shares
of EPOD Stock or Allora Stock, as applicable (including the issuance or sale of
shares of EPOD Stock or Allora Stock, as applicable, owned or held by or for the
account of the Company or Allora, as applicable, but excluding shares of EPOD
Stock or Allora Stock, as applicable, issued or deemed to have been issued by
the Company or Allora, as applicable, in connection with an Exempt Issuance) for
a consideration per share (the “New Issuance Price”) less than a price
(the “Applicable Price”) equal to the Conversion Price in effect
immediately prior to such issue or sale or deemed issuance or sale (the
foregoing a “Dilutive Issuance”), then immediately upon such Dilutive
Issuance, the Conversion Price then in effect shall be reduced to an amount
equal to the New Issuance Price. The adjustments required by this paragraph and
by Sections 6(a) – 6(d) below are referred to in the singular, as a
“Subsequent Issuance Adjustment,” and collectively as “Subsequent
Issuance Adjustments”. For purposes of determining the adjusted Conversion
Price under this Section 6, the following shall be applicable: 

                         (a)     
Issuance of Options. If the Company or Allora, as applicable, in any
manner grants any Options and the lowest price per share for which one share of
EPOD Stock or Allora Stock, as applicable, is issuable upon the exercise of any
such Option or upon conversion, exercise or exchange of any Convertible
Securities issuable upon exercise of any such Option is less than the Applicable
Price, then such share of EPOD Stock or Allora Stock, as applicable, shall be
deemed to be outstanding and to have been issued and sold by the Company or
Allora, respectively, at the time that the granting or sale of such Option for
such price per share was approved by the board of directors for the Company or
Allora, as applicable.

                         (b)     
Issuance of Convertible Securities. If the Company or Allora, as
applicable, in any manner issues or sells any Convertible Securities and the
lowest price per share for which one share of EPOD Stock or Allora Stock,
respectively, is issuable upon the conversion, exercise or exchange thereof is
less than the Applicable Price, then such share of EPOD Stock or Allora Stock,
as applicable, shall be deemed to be outstanding and to have been issued and
sold by the Company or Allora, as applicable, at the time of the issuance or
sale of such Convertible Securities for such price per share. For the purposes
of this Section 6(b), the “lowest price per share for which one share of EPOD
Stock or Allora Stock, as applicable, is issuable upon the conversion, exercise
or exchange” shall be equal to the lowest amount of consideration (if any)
received, to be received or receivable by the Company or Allora, as applicable,
with respect to one share of EPOD Stock or Allora Stock, respectively, upon the
issuance or sale of the Convertible Security and upon conversion, exercise or
exchange of such Convertible Security. In the case of a Convertible Security
which is accompanied by Options (collectively, a “Unit”), the “lowest
price per share for which one share of EPOD Stock or Allora Stock, as
applicable, is issuable upon the conversion, exercise or exchange of such
Convertible Security” shall equal (i) the consideration deemed received in
exchange for the Convertible Security, as determined in accordance with
subsection 6(d) below, divided by (ii) the total number of shares into which
such Convertible Security is convertible or exchangeable (notwithstanding any
contractual limitation on the timing or amount of conversions).

24 

                         (c)     
Change in Option Price or Rate of Conversion. If the purchase price
provided for in any Options, the additional consideration, if any, payable upon
the issue, conversion, exercise or exchange of any Convertible Securities, or
the rate at which any Convertible Securities are convertible into or exercisable
or exchangeable for shares of EPOD Stock or Allora Stock, as applicable,
increases or decreases at any time, the Conversion Price and the number of
Conversion Shares in effect at the time of such increase or decrease shall be
adjusted to the Conversion Price and the number of Conversion Shares which would
have been in effect at such time had such Options or Convertible Securities
provided for such increased or decreased purchase price, additional
consideration or increased or decreased conversion rate, as the case may be, at
the time initially granted, issued or sold. For purposes of this Section 6(c),
if the terms of any Option or Convertible Security that was outstanding as of
the date of issuance of this Debenture are increased or decreased in the manner
described in the immediately preceding sentence, then such Option or Convertible
Security and the shares of EPOD Stock or Allora Stock, as applicable, deemed
issuable upon exercise, conversion or exchange thereof shall be deemed to have
been issued as of the date of such increase or decrease. No adjustment pursuant
to this Section 6 shall be made if such adjustment would result in an increase
of the Conversion Price then in effect or a decrease in the number of Conversion
Shares. 

                         (d)     
Calculation of Consideration Received. In case any Option is issued in
connection with the issue or sale of other securities of the Company or Allora,
as applicable, together comprising one integrated transaction, the Options will
be deemed to have been issued at the lowest price per Option actually received
by the Company or Allora, as applicable, and the other securities issued or sold
in such integrated transaction will be deemed to have been issued or sold for
the balance of the consideration received by the Company or Allora, as
applicable. If any shares of EPOD Stock or Allora Stock, as applicable, Options
or Convertible Securities are issued or sold or deemed to have been issued or
sold for cash, the consideration received therefor will be deemed to be the
gross amount received by the Company or Allora, as applicable, therefor. If any
shares of EPOD Stock or Allora Stock, as applicable, Options or Convertible
Securities are issued or sold for a consideration other than cash, the amount of
such consideration received by the Company or Allora, as applicable, will be the
fair value of such consideration, except where such consideration consists of
securities, in which case the gross amount of consideration received by the Company or
Allora, as applicable, will be the Volume Weighted Average Price of such
security on the date of receipt. If any shares of EPOD Stock or Allora Stock, as
applicable, Options or Convertible Securities are issued to the owners of the
non-surviving entity in connection with any merger in which the Company or
Allora, as applicable, is the surviving entity, the amount of consideration
therefor will be deemed to be the fair value of such portion of the net assets
and business of the non-surviving entity as is attributable to such shares of
EPOD Stock or Allora Stock, as applicable, Options or Convertible Securities, as
the case may be. The fair value of any consideration other than cash or
securities will be determined jointly by the Company or Allora, as applicable,
on the one hand, and the Required Holders, on the other hand. If such parties
are unable to reach agreement within ten (10) days after the occurrence of an
event requiring valuation (the “Valuation Event”), the fair value of such
consideration will be determined within five (5) Business Days after the tenth
day following the Valuation Event by an independent, reputable appraiser jointly
selected by the Company or Allora, as applicable, and the Required Holders. The
determination of such appraiser shall be final and binding upon all parties
absent manifest error and the fees and expenses of such appraiser shall be borne
by the Company or Allora, as applicable. 

25 

                         (e)     
Record Date. If the Company or Allora, as applicable, takes a record of
the holders of shares of EPOD Stock or Allora Stock, as applicable, for the
purpose of entitling them (i) to receive a dividend or other distribution
payable in shares of EPOD Stock or Allora Stock, as applicable, Options or in
Convertible Securities or (ii) to subscribe for or purchase shares of EPOD Stock
or Allora Stock, as applicable, Options or Convertible Securities, then such
record date will be deemed to be the date of the issue or sale of the shares of
EPOD Stock or Allora Stock, as applicable, deemed to have been issued or sold
upon the declaration of such dividend or the making of such other distribution
or the date of the granting of such right of subscription or purchase, as the
case may be.

                         (f)      Subsequent
Rights Offerings. If the Company or Allora, as applicable, at any time prior
to the date that all of the Debentures have been converted, redeemed or
otherwise satisfied in accordance with their terms, shall issue rights, options
or warrants to all holders of EPOD Stock or Allora Stock, as applicable (and not
to Holders), entitling them to subscribe for or purchase shares of EPOD Stock or
Allora Stock, as applicable, at a price per share (the “Base Rights Offering
Price”) that is lower than the Conversion Price then in effect, then the
Conversion Price shall be reduced (but not increased) to the Base Rights
Offering Price. Such adjustment shall be made whenever such rights or warrants
are issued, and shall become effective immediately after the record date for the
determination of stockholders entitled to receive such rights, options or
warrants. No adjustment shall be made hereunder if such adjustment would result
in an increase of the Conversion Price then in effect. 

                         (g)     
Pro Rata Distributions. If Company or Allora, as applicable, at any time
prior to the date that all of the Debentures have been converted, redeemed or
otherwise satisfied in accordance with their terms, distributes to all holders
of EPOD Stock or Allora Stock, as applicable, (and not to the Holders),
evidences of its Indebtedness or assets (including cash and cash dividends) or
rights or warrants to subscribe for or purchase any security (other than the
EPOD Stock or the Allora Stock, as applicable, which shall be subject to Section
6(a) – 6(d) above), then in each such case the Conversion Price shall be
adjusted by multiplying such Conversion Price in effect immediately prior to the
record date fixed for determination of stockholders entitled to receive such
distribution by a fraction of which the denominator shall be the VWAP determined
as of the record date mentioned above, and of which the numerator shall be such
VWAP on such record date less the then fair market value at such record date of
the portion of such assets or evidence of Indebtedness so distributed applicable
to 1 outstanding share of the EPOD Stock or Allora Stock, as applicable, as
determined by the Board of Directors of the Company or of Allora, as applicable,
in good faith. In either case the adjustments shall be described in a statement
delivered to the Holder describing the portion of assets or evidences of
indebtedness so distributed or such subscription rights applicable to 1 share of
EPOD Stock or Allora Stock, as applicable. Such adjustment shall be made
whenever any such distribution is made and shall become effective immediately
after the record date mentioned above. 

26 

                         (j)      Subdivision
or Combination of Stock. If Company or Allora, as applicable, at any time
subdivides (by any stock split, stock dividend, recapitalization,
reorganization, reclassification or otherwise) the shares of EPOD Stock or
Allora Stock, respectively, acquirable hereunder into a greater number of
shares, then, after the date of record for effecting such subdivision, the
Conversion Price in effect immediately prior to such subdivision will be
proportionately reduced. If Company or Allora, as applicable, at any time
combines (by reverse stock split, recapitalization, reorganization,
reclassification or otherwise) the shares of EPOD Stock or Allora Stock,
respectively, acquirable hereunder into a smaller number of shares, then, after
the date of record for effecting such combination, the Conversion Price in
effect immediately prior to such combination will be proportionately increased.

                         (k)     Notice
of Dilutive Issuances and Adjustments; Notice Failure Adjustment. The
Company or Allora, as applicable, shall notify the Holder in writing, no later
than one (1) Business Day following any Dilutive Issuance, indicating therein
the applicable issuance price, or applicable reset price, exchange price,
conversion price, exercise price and other pricing terms (such notice, the
“Dilutive Issuance Notice”). In the event that the Company or Allora, as
applicable, fails to provide the Holder with a Dilutive Issuance Notice within
five (5) Business Days of any Dilutive Issuance (the “Dilutive Issuance
Notice Deadline”), the Conversion Price shall be permanently reduced (but
not increased) on the Dilutive Issuance Notice Deadline, and on the same day of
each calendar month thereafter until such notice is given (each, a “Notice
Failure Adjustment Date”), or in each case if not a Business Day, then on
the next Business Day (each, a “Notice Failure Adjustment”) to a price
equal to the lesser of (a) the Conversion Price then in effect, or (b) 100% of
the VWAP for five (5) Business Day period immediately preceding the applicable
Notice Failure Adjustment Date (collectively, the “Notice Failure Adjustment
Price”). 

27 

                         Whenever
the Conversion Price is adjusted pursuant to this Section 6 or otherwise, the
Company or Allora, as applicable, shall promptly mail to the Holder a notice (a
“Conversion Price Adjustment Notice”) setting forth the Conversion Price
after such adjustment and setting forth a statement of the facts requiring such
adjustment. For purposes of clarification, whether or not the Company or Allora,
as applicable, provides a Conversion Price Adjustment Notice pursuant to this
Section 6(k), upon the occurrence of any event that leads to an adjustment of
the Conversion Price, the Holders are entitled to receive a number of Conversion
Shares based upon the new Conversion Price, as adjusted, for Conversions
occurring on or after the date of such adjustment, regardless of whether a
Holder accurately refers to the adjusted Conversion Price in the Notice of
Conversion.

                         (l)      Notice
to Allow Conversion by Holder. If (i) the Company or Allora, as applicable,
shall declare a dividend (or any other distribution in whatever form) on the
EPOD Stock or Allora Stock, respectively, (ii) the Company or Allora, as
applicable, shall declare a special nonrecurring cash dividend on or a
redemption of the EPOD Stock or Allora Stock, respectively, (iii) the Company or
Allora, as applicable, shall authorize the granting to all holders of the EPOD
Stock or Allora Stock, respectively, of rights or warrants to subscribe for or
purchase any shares of capital stock of any class or of any rights, (iv) the
approval of any stockholders of the Company or Allora, as applicable, shall be
required in connection with any reclassification of the EPOD Stock or the Allora
Stock, any consolidation or merger to which the Company or Allora, as
applicable, is a party, any sale or transfer of all or substantially all of the
assets of the Company or Allora, as applicable, of any compulsory share exchange
whereby the EPOD Stock or Allora Stock, as applicable, is converted into other
securities, cash or property, or (v) the Company or Allora, as applicable, shall
authorize the voluntary or involuntary dissolution, liquidation or winding up of
the affairs of the Company or Allora, as applicable, then, in each case, the
Company or Allora, as applicable, shall cause to be filed at each office or
agency maintained for the purpose of conversion of this Debenture, and shall
cause to be delivered to the Holder at its last address as it shall appear upon
the Debenture Register, at least 20 calendar days prior to the applicable record
or effective date hereinafter specified, a notice stating (x) the date on which
a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as
of which the holders of the EPOD Stock or Allora Stock, as applicable, of record
to be entitled to such dividend, distributions, redemption, rights or warrants
are to be determined, or (y) the date on which such reclassification,
consolidation, merger, sale, transfer or share exchange is expected to become
effective or close, and the date as of which it is expected that holders of the
EPOD Stock or Allora Stock, as applicable, of record shall be entitled to
exchange their shares of the EPOD Stock or Allora Stock, as applicable, for
securities, cash or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer or share exchange, provided that the
failure to deliver such notice or any defect therein or in the delivery thereof
shall not affect the validity of the corporate action required to be specified
in such notice. The Holder is entitled to convert this Debenture during the
20-day period commencing on the date of such notice through the effective date
of the event triggering such notice. 

28 

          Section
7.      Automatic Redemption
at End of Term. Any Debenture that has not been submitted for
Conversion into EPOD Stock or Allora Stock, as applicable, and has not been
subject to a Default Notice by midnight, New York City time, on the Maturity
Date (the “Automatic Redemption Date”), shall be automatically redeemed
(“Automatic Redemption”) for a redemption price, in cash, equal to the
outstanding principal amount of this Debenture, plus all accrued and unpaid
Interest, Liquidated Damages and other Required Cash Payments (the “Automatic
Redemption Amount”). The Automatic Redemption Amount shall be due and
payable in full on the Maturity Date. 

          Section
8.      Senior Debt; Secured
Obligation. 

                         
(a)      Senior Debt; Priority. The
Debentures shall constitute senior debt of the Company (and following the date
of closing of the Asset Purchase, of Allora). There is no debt currently
outstanding that is senior to the Debentures except as otherwise disclosed under
Section 3.13 of the EPOD Disclosure Schedule to the Purchase Agreement. All
future debt issued by the Company (or, following the date of closing of the
Asset Purchase, Allora) or any subsidiary shall be entirely subordinated and
junior to the Debentures in all rights and preferences. Neither the Company (nor
following the date of closing of the Asset Purchase, Allora) nor any subsidiary
shall, without the written permission of the Holder, issue any other debt that
is senior to, or pari passu with, the Debentures. From the Original Issue Date
of the Debentures through the date that all of the Debentures have been paid in
full or converted in full, before entering into, or permitting any subsidiary to
enter into, any future debt with a third party, the Company (or, following the
date of closing of the Asset Purchase, Allora) shall first obtain a
subordination agreement satisfactory to Holder (provided, that any such
subordination agreement shall be satisfactory to Holder, in Holder’s sole
discretion, if such debt in any way encumbers or affects any of the assets of
EPOD or Allora subject to the Security Interest) from the proposed debt
holder.

                         
(b)      Secured Obligation. Each of the Company
and Allora represent and warrant that the obligations of the Company or Allora,
as applicable, under this Debenture are subject by a first priority security
interest in favor of Holder to those certain assets as set forth and pursuant to
the Security Agreements and the Share Pledge Agreements (as each such term is
defined in the Purchase Agreement), and fully incorporated herein by this
reference. 

                         
(c)      Assignment and Assumption. As of
the date of closing of the Asset Purchase, this Debenture shall be irrevocably
transferred to and assumed by Allora, after which time the obligations and
liabilities hereunder shall be the joint obligations of the Company and Allora
until such time as the amounts due, and all other obligations of the Company or
Allora, as applicable, under this Debenture are satisfied in full; provided,
however, that in the event that the closing of the Asset Purchase does not take
place for any reason, this Debenture shall be convertible by the Holder solely
into shares of EPOD Stock, and the obligations hereunder shall solely be those
of EPOD.

29 

          Section
9.      Certain Negative
Covenants; Misc. Without the prior written consent of the Required
Holders, for so long as any of the Debentures remain Outstanding, neither the
Company (nor, following the date of closing of the Asset Purchase, Allora)
shall, and shall not permit any of its subsidiaries to, directly or indirectly:

                         (a)     
(i) pay, declare or set apart for such payment, any dividend or other
distribution (whether in cash, property or other securities) on shares of
capital stock or (ii) directly or indirectly or through any subsidiary make any
other payment or distribution in respect of its capital stock. For purposes
hereof, each Debenture or any portion thereof shall be deemed to be
“Outstanding” until such time as it has been converted, redeemed or
otherwise fully satisfied in accordance with its terms. 

                         (b)     
redeem, repay, repurchase or otherwise acquire (whether for cash or in exchange
for property or other securities or otherwise) in any one transaction or series
of related transactions any shares of its capital stock or any warrants, rights
or options to purchase or acquire any such shares, other than as to the shares
of capital stock as required or permitted to be issued under the Transaction
Documents. 

                         (c)     
by amendment, waiver or change of its charter documents, or through any
reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities, or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms of the Debenture, and will at all
times in good faith carry out all of the provisions of the Debenture and take
all action as may be required to protect the rights of the Holder of the
Debenture. 

                         
(d)      other than Permitted Indebtedness, enter
into, create, incur, assume, guarantee or suffer to exist any indebtedness for
borrowed money of any kind, including but not limited to, a guarantee, on or
with respect to any of its property or assets now owned or hereafter acquired or
any interest therein or any income or profits therefrom (the “Indebtedness
Negative Covenant”);

                         (e)      other
than Permitted Liens, enter into, create, incur, assume or suffer to exist any
mortgage, lien, pledge, charge, security interest or other encumbrance upon or
in any property or assets (including accounts and contract rights) owned by the
Company or Allora, as applicable, or any of their respective subsidiaries
(collectively, “Liens”) of any kind, on or with respect to any of its
property or assets now owned or hereafter acquired or any interest therein or
any income or profits therefrom; 

                         
(f)      enter into any transaction with any affiliate,
except with respect to standard employment arrangements with officers and
directors and employees;

                         
(g)      redeem, defease, repurchase, repay or
make any payments in respect of, by the payment of cash or cash equivalents (in
whole or in part, whether by way of open market purchases, tender offers,
private transactions or otherwise), all or any portion of any Indebtedness,
whether by way of payment in respect of principal of (or premium, if any) or
interest on such Indebtedness, if at the time such payment is due or is otherwise made or after giving effect to such payment, an event
constituting, or that with the passage of time and without being cured would
constitute, an Event of Default has occurred and is continuing; 

30 

                              (h)     
fail to maintain its books, accounts and records in all material respects in the
ordinary course of business consistent with past practices; 

                              (i)     
fail to use commercially reasonable efforts to keep in force insurance policies
or replacement or revised policies providing insurance coverage with respect to
its assets, operations and activities in an amount and scope of coverage as are
currently in effect; or if not currently in effect, then to fail to procure the
same in an amount and scope of coverage consistent with similarly situated
companies in similar industries; 

                              (j)      make
commitments to advance with respect to bonuses for any fiscal year until the
Maturity Date, or materially increase any other benefit of any of the foregoing
individuals, or enter into, establish, materially amend or terminate any current
benefit plan currently in effect on the date of this Debenture, unless required
by law;

                              (k)     
amend, waive or otherwise change its charter documents, including, without
limitation, its certificate of incorporation and bylaws, in any manner that
materially and adversely affects any rights of the Holder; 

                              (l)     
make or rescind any material election relating to taxes, settle any claim,
action, suit, litigation, proceeding, arbitration, investigation, audit or
controversy relating to taxes, file any amended tax return or claim for refund,
or make any change in its accounting or Tax policies or procedures, in each case
except as required by applicable law or in compliance with GAAP; 

                              (m)     
transfer or license to any Person or otherwise extend, materially amend or
modify, permit to lapse or fail to preserve any of the Company’s or Allora’s, as
applicable, intellectual property or licensed intellectual property, other than
nonexclusive licenses in the ordinary course of business consistent with past
practice, or disclose to any Person who has not entered into a confidentiality
agreement any trade secrets; 

                              (n)     
terminate or waive or assign any material right under any material contract of
the Company or Allora, as applicable, any lease or enter into any contract (A)
involving amounts potentially exceeding $100,000 or (B) that would be a material
contract to the Company or Allora, as applicable, or (C) with a term longer than
one year that cannot be terminated without payment of a material penalty and
upon notice of sixty (60) days or less;

                              (o)      establish
any subsidiary or enter into any new line of business;

                              (p)     
revalue any of its material assets or make any change in accounting methods,
principles or practices, except in compliance with GAAP and approved by the
Company’s outside auditors;

31 

                         (q)      waive,
release, assign, settle or compromise any claim, action or proceeding (including
any suit, action, claim, proceeding or investigation relating to this Debenture
or any Transaction Document or concerning the transactions contemplated
thereby), other than waivers, releases, assignments, settlements or compromises
that involve only the payment of monetary damages (and not the imposition of
equitable relief on, or the admission of wrongdoing by, the Company or Allora,
as applicable,) not in excess of $100,000 individually or in the aggregate, or
otherwise pay, discharge or satisfy any claims, liabilities or obligations,
unless such amount has been reserved in a dedicated account as of the date
hereof; 

                         (r)      enter
into any transaction with any affiliate of the Company or Allora, as applicable
(including the issuance of securities), unless such transaction is made on an
arm’s-length basis and expressly approved by a majority of the disinterested
directors of the Company (even if less than a quorum otherwise required for
board approval);

                         (s)      fail
to conduct its business, in all material respects in the ordinary course of
business consistent with past practice; 

                         (t)      fail
to use its respective commercially reasonable efforts consistent with the
historical business practices of its operating businesses to preserve intact, in
all material respects, its business organization, to keep available the services
of its managers, directors, officers, key employees and consultants, fail to
maintain, in all material respects, existing relationships with all Persons with
whom it, and with respect to the Company or Allora, as applicable, do
significant business, and fail to preserve the possession, control and condition
of its assets, all as consistent with past practice of the operating
business;.

                         (u)      make
any payment on any Indebtedness owed to its officers, directors or affiliates
(except for the one-time payment to Michael Matvieshen in order to provide for
the purchase price of the shares of Allora common stock held by former
stockholders of Allora); or

                         (v)     
fail to enter into the Asset Purchase Agreement and to consummate and close the
Asset Purchase (as each such term is defined in the Purchase Agreement) within
forty-five (45) days of the date of issuance of this Debenture. 

                         (w)     
enter into any agreement with respect to any of the foregoing. 

          Section
10.      Events of Default.

          Unless
expressly waived in writing by the Required Holders, each of the following
events shall be considered to be an "Event Of Default”, and shall
automatically accelerate all amounts under this Debenture (making them
immediately due and payable) subject to the terms below: 

32 

                         (a)     
Failure to Make Cash Payments When Due. Failure by the Company or Allora,
as applicable, to pay (each, a “Payment Failure”) any cash payments due
to the Holder under the terms of this Debenture when due under this Debenture,
whether on an Interest or dividend payment due date, at maturity, upon mandatory
prepayment, upon acceleration, upon an Event of Failure, or upon any Redemption
or otherwise, or failure to pay any Liquidated Damages or other cash payments
that are due and owing under this Debenture, the Purchase Agreement, the
Registration Rights Agreement, a Warrant or any other Transaction Document when
due, including but not limited to all accrued and unpaid Interest and Redemption
Amounts, and accrued and unpaid Interest thereon, or failure to pay any late
fees accrued on any of the above (each cash payment referred to above is
referred to as a “Required Cash Payment”) and such Payment Failure
continues for a period of five (5) Business Days after the applicable due date;
or 

                         (b)     
Conversion and Delivery of the Shares. Failure by the Company or Allora,
as applicable, for any reason (i) to issue and deliver shares of EPOD Stock or
Allora Stock, as applicable, to the Holder upon exercise by the Holder of the
Conversion Rights of the Holder in accordance with the terms of this Debenture
by the fifth (5th) Business Day after the Conversion Date, or (ii)
for a period of five (5) Business Day, to transfer or (with respect to Allora,
to cause its Transfer Agent to transfer), electronically or in certificated
form, any certificate for shares of EPOD Stock or Allora Stock, as applicable,
issued or issuable to the Holder upon Conversion of the Debenture as and when
required by the terms of this Debenture or upon exercise the Warrant as and when
required by the terms of the Warrant; or (iii) or the Company or Allora, as
applicable, providing at any time notice to the Holder, including by the way of
public announcement, of its intention to not honor requests for conversions of
any Debentures in accordance with the terms hereof; or 

                         (c)     
Failure to Effect and Maintain Registration. If (i) Allora fails to file
any Registration Statement or Additional Registration Statement on the date that
such filing is required under the Registration Rights Agreement, or (ii) Allora
fails to file with the Commission a request for acceleration of a Registration
Statement in accordance with Rule 461 promulgated by the Commission pursuant to
the Securities Act, within five (5) Business Days following the resolution or
clearance of all Commission comments or, if applicable, of the date that Allora
is notified (orally or in writing, whichever is earlier) by the Commission that
such Registration Statement will not be “reviewed” or will not be subject to
further review, or (iii) during the Registration Period (as defined in the
Registration Rights Agreement), either (A) the effectiveness of the Registration
Statement lapses for any reason outside of Allora’s ability to reasonably cure,
or (B) the Holder shall not be permitted to resell Registrable Securities (as
defined in the Registration Rights Agreement) either under the Registration
Statement or under Rule 144 for more than ten (10) consecutive calendar days or
more than an aggregate of fifteen (15) calendar days (which need not be
consecutive calendar days) during any 12-month period, or an aggregate of
twenty-five (25) calendar days if Allora is negotiating a merger, consolidation,
acquisition or sale of all or substantially all of its assets or a similar or
other material transaction and, in the written opinion of counsel to Allora, the
Registration Statement would be required to be amended to include information concerning such pending transaction(s) or the parties thereto
which information is not available or may not be publicly disclosed at the time,
or (iv) prior to the effective date of a Registration Statement, Allora fails to
file a pre-effective amendment and otherwise provide a commercially reasonable
written response to any comments (“SEC Comments”) made by the Commission
in respect of such Registration Statement within 15 Business Days after the
receipt of comments by or notice from the Commission that such amendment is
required in order for such Registration Statement to be declared effective; or

33 

                         (d)      Asset
Purchase Failure. The occurrence of an event constituting an Asset Purchase
Failure.

                         (e)     
Breach of Covenants. If the Company or Allora, as applicable,
fails to observe or perform any material representation, warranty, covenant or
other term or condition of this Debenture (other than the failure to deliver
shares of common stock upon conversion, which is address in subclause (b)
above), or any of the other Transaction Documents in any material respect, which
failure is not cured by the earlier to occur of (i) five (5) Business Days after
written notice of such failure is sent by either (x) the Holder to the Company
or Allora, as applicable (provided, that the Holder shall have no obligation to
send any such notice), or (y) the Company or Allora, as applicable, to the
Holder, and (ii) ten (10) Business Days after the Company or Allora, as
applicable, has become aware of such breach; or 

                         (f)     
Breach of Representations and Warranties. Any material
representation or warranty of the Company or Allora, as applicable to either of
them, whether made herein, in any of the Transaction Documents or in any
agreement, statement or certificate given in writing pursuant hereto (including,
without limitation, pursuant to the Purchase Agreement, the Registration Rights
Agreement, the Security Agreements and the Warrants), shall be untrue or
incorrect in any material respect when made and the breach of which has a
material adverse effect on the rights of the Holder with respect to this
Debenture, the Purchase Agreement, the Registration Rights Agreement, the
Security Agreements or the Warrants; or 

                         (g)     
Receiver or Trustee. The Company or Allora, as applicable, or any
“Significant Subsidiary” (as defined in Rule 1-02(w) of Regulation S-X
promulgated under the 1933 Act) of either of them, shall make an assignment for
the benefit of creditors, or apply for or consent to the appointment of a
receiver or trustee for it or for a substantial part of its property or
business, or such a receiver or trustee shall otherwise be appointed; or 

                         (h)     
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings (whether voluntary or involuntary) for relief
under any bankruptcy law or any law for the relief of debtors shall be
instituted by or against the Company or Allora, as applicable, or any
“Significant Subsidiary” (as defined in Rule 1-02(w) of Regulation S-X
promulgated under the 1933 Act) of either of them, or the Company or Allora, as applicable, or any Significant Subsidiary
of either of them, shall otherwise be subject to a Bankruptcy Event; or 

34 

                         (i)      Delisting
of Stock. A Delisting Event (as defined below) occurs and remains uncured
for a period of five (5) Business Days, where a “Delisting Event” means
that the shares of Allora Stock is not (i) actually listed or quoted for
trading, or (ii) eligible for listing or quotation, on an Eligible Market; or

                         (j)     
  Legend Removal Failure. A Legend Removal Failure (as defined below)
  occurs and remains uncured for a period of five (5) Business Days, where “Legend
  Removal Failure” means a failure by Allora to issue Conversion Shares
  or Warrant Shares without restrictive legends or for Allora or Company, as applicable,
  to remove restrictive legends from Conversion Shares or Warrant Shares when
  so required (or to withdraw any stop transfer instructions in respect thereof),
  in each case pursuant to Section 3(e) hereof or otherwise pursuant to this Debenture,
  the Purchase Agreement or any of the other Transaction Documents; or

                         (k)     
Corporate Existence; Major Transaction. The Company or Allora, as
applicable, has effected a Major Transaction without paying the Major
Transaction Redemption Price to the Holder pursuant to Section 4(d) or, if the
Holder did not elect a Redemption Upon Major Transaction (if applicable), the
Company or Allora, as applicable, has failed to meet the Assumption Requirements
of Section 4(b) prior to effecting a Change of Entity Transaction; or 

                         (l)      Security;
Impermissible Liens. Any security interest in the Collateral (as defined
in the Purchase Agreement) ceases to be in effect or properly perfected as and
when required by the terms of this Debenture or the Security Agreements, or the
Company (or, following the date of closing of the Asset Purchase, Allora)
creates or suffers to exist any Lien upon any of its properties, except for
Permitted Liens; or 

                         (m)     
Failure to Comply With Dispute Resolution Procedures. The Company or
Allora, as applicable, has failed to comply with the Dispute Resolution
Procedures (as defined herein) or has failed to adjust the Conversion Price as
required hereunder following a Dilutive Issuance, or otherwise (after any
applicable Dispute Resolution Procedure required herein), and such failure
continues for ten (10) days after its occurrence; or 

                         (n)      Cross-Default.
A default in the payment when due on any Indebtedness of the Company (or,
following the date of closing of the Asset Purchase, Allora) in excess of
$100,000, in the aggregate, not involving a legitimate business dispute as to
the obligation to pay, which is not cured within ten (10) Business Days; or 

                         (o)      Failure
to Perfect Security Interest. The Company (or following the date of closing
of the Asset Purchase, Allora) shall fail to make all required filings or shall
fail to take all other action necessary to fully perfect the Holders’ security
interest in any issued or pending patents or trademarks in both (i) the United
States, and (ii) any other country where such patent or trademark is issued or
pending, in each case within thirty (30) days of the date hereof (or, in the
case of patents or trademarks filed or issued in the future, within thirty (30)
days of the date of such future filing or issuance); or 

35 

                         (p)      Failure
to Make Timely Public Filings. Allora shall fail to have Timely Filed any
reports, schedules, forms, statements and other documents required to be filed
by it with the Commission pursuant to the reporting requirements of the 1934
Act. For purposes of this Agreement, “Timely Filed” shall mean that the
applicable document was filed (i) on its original due date under the 1934 Act,
or (ii) if a request for an extension was timely filed in accordance with
Section 12b-25 of the 1934 Act, by such extended due date.

                         (q)      Existing
Secured Debt. The Company, for such time as this Debenture remains
outstanding, defaults on any of its obligations, or becomes subject to
enforcement proceedings, arising under the secured debt instruments in
favor of either Goodmans LLP or Michael Matvieshen.

                         (r)      Redemption
of Outstanding Debentures. The Company, for such time as this Debenture
remains outstanding, effects any redemption of debentures outstanding as of the
Initial Closing Date. 

                         (s)      Notice
of Breach. The Company or Allora, as applicable, fails to promptly notify
the Holder upon any breach of any provision of this Debenture or of the
Transaction Documents. 

          Section
11.      Mandatory Redemption;
Posting of Bond. 

                         (a)      Mandatory
Redemption. If any Event of Default shall occur then, upon the occurrence
and during the continuation of any Event of Default, (i) the Company or Allora,
as applicable, shall immediately following the occurrence of such Event of
Default, provide notice of such Event of Default to the Holder, or (ii) the
Holder may, at its sole discretion and without any obligation to do so, provide
the Company or Allora, as applicable, with a notice of an Event of Default
(each, a “Default Notice”). Failure by the Company or Allora, as
applicable, to provide the Default Notice to the Holder within ten (10) Business
Days following the occurrence of an Event of Default shall result, at the option
of the Holder, in this Debenture becoming automatically accelerated and fully
due and payable without presentment of notice by the Holder (and the Company and
Allora, respectively, hereby waive any right to presentment of notice and
demand) (a “Mandatory Redemption”). Following a Mandatory Redemption, the
Company or Allora, as applicable, shall immediately pay to the Holder in cash in
U.S. dollars, in full satisfaction of its obligations hereunder, an amount (such
amount referred to herein as the “Default Amount” or the “Mandatory
Redemption Amount”) equal to the greater of (i) and (ii) immediately below:

                                        (i)     
the Mandatory Redemption Premium, multiplied by the sum (such sum of (x), plus
(y), plus (z) immediately below shall be referred to herein as the “Default
Conversion Sum”) of

36 

          (x)      the
aggregate outstanding principal amount of this Debenture, PLUS

          (y)     
all accrued and unpaid Interest thereon for the period beginning on the Original
Issue Date and ending on the date of payment of the Default Amount (the
“Default Payment Date”), PLUS

          (z)     
all accrued and unpaid Liquidated Damages and other Required Cash Payments, if
any,

                              and

                                   (ii)     
the Conversion Value of the Default Conversion Sum to be prepaid, where
“Conversion Value” means

          (x)     
the Default Conversion Sum divided by the Conversion Price in effect on the date
that the Company or Allora, as applicable, pays the Default Amount;

MULTIPLIED BY

          (y)     
the greater of (i) the Market Price (as defined herein) for the EPOD Stock or
Allora Stock, as applicable, on the Default Notice Date or (ii) the Market Price
on the date that the Company or Allora, as applicable, pays the Default
Amount.

          Notwithstanding
the occurrence of an Event of Default, Liquidated Damages and any other Required
Cash Payments shall continue to accrue. Ten (10) Business Days after the
occurrence of an Event of Default (the “Default Amount Due Date”), the
Default Amount, together with all other amounts payable hereunder, shall
immediately become due and payable, all without demand, presentment or notice,
all of which hereby are expressly waived, together with all costs, including,
without limitation, legal fees and expenses, of collection, and the Holder shall
be entitled to exercise all other rights and remedies available at law or in
equity. Commencing five (5) Business Days after the occurrence of any Event of
Default resulting in an acceleration of this Debenture, and for the continuation
of such Event of Default until it is cured, the Interest shall accrue at an
interest rate equal to the lesser of eighteen percent (18%) per annum or the
maximum rate permitted under applicable law, following which time it will reset
to the Interest Rate. If the Company or Allora, as applicable, fails to pay the
Default Amount by the Default Amount Due Date, (i) the Conversion Price shall be
permanently decreased (but not increased) (each, a “Default Adjustment”)
on the first Business Day of each calendar month thereafter (each a “Default
Adjustment Date”) until the Default Amount is paid in full, to a price equal
to the lesser of (x) 75% of the Conversion Price in effect on the first such
Default Adjustment Date, or (y) the lowest Market Price that has occurred on any Default Adjustment Date since the date that the Event of
Default began, and (ii) at any time thereafter, the Holder shall have the right
at any time, and from time to time, so long as the Company or Allora, as
applicable, remains in default (and so long and to the extent that there are
sufficient authorized shares), to require the Company or Allora, as applicable,
upon written notice (“Default Conversion Notice”) (which may be given one
or more times, from time to time anytime after the Default Amount Due Date), to
immediately issue, in lieu of all or any specified portion (the “Specified
Portion”) of the unpaid portion (the “Unpaid Portion”) of the Default
Amount (together with any Late Payment Fees accrued thereon), a number of shares
of EPOD Stock or Allora Stock, as applicable (subject, with respect to shares of
Allora Stock, to the Beneficial Ownership Limitation then in effect) equal to
the Specified Portion of the Default Amount (together with any accrued Late
Payment Fees thereon) (the “Default Shares”), divided by the Conversion
Price in effect on the date such shares are issued to the Holder, PROVIDED THAT,
the Holder may require that such payment of shares be made in one or more
installments at such time and in such amounts as Holder chooses. The Default
Shares are due within five (5) Business Days of the date that the Holder
delivers a Default Conversion Notice to the Company or Allora, as applicable
(the “Default Share Delivery Deadline”). The Company and Allora,
respectively, shall take all such reasonable steps, obtain all such approvals
and execute and file all such documents as may be necessary to increase the
number of shares which the Company or Allora, as applicable, is authorized to
issue the maximum number of Default Shares that the Company may be required to
issue upon conversion of the Debentures under this Section 11(a). 

37 

          To
the extent redemptions required by this Section 11 are deemed or determined by a
court of competent jurisdiction to be prepayments of the Debenture by the
Company or Allora, as applicable, such redemptions shall be deemed to be
voluntary prepayments. If the Company or Allora, as applicable, is unable to
redeem all of the Debenture submitted for redemption, it shall redeem a pro rata
amount from each Holder based on the principal amount of this Debenture
submitted for redemption by such Holder relative to the total principal amount
of Debentures submitted for redemption by all Holders.

          The
Holder shall not be entitled to receive Default Shares of Allora Stock on a
given date, if and to the extent that such issuance would cause the Beneficial
Ownership Limitation then in effect to be exceeded. If and to the extent that
the issuance of Default Shares of Allora Stock, with respect to a given
Specified Portion, would result in a violation of the Beneficial Ownership
Limitation, then that particular Specified Portion shall be automatically
reduced to a value that would cause the number of Default Shares of Allora Stock
to be issued to equal the Maximum Percentage, and the amount of such reduction
shall be added back to the Unpaid Portion of the Default Amount. 

          Upon
the payment in full of the Mandatory Redemption Amount, the Holder shall
promptly surrender this Debenture to or as directed by the Company or Allora, as
applicable (or, if applicable, shall submit a signed notice that such Debenture
has been lost, stolen or destroyed). In connection with such acceleration
described herein, the Holder need not provide, and the Company and Allora
hereby, as applicable, waives, any presentment, demand, protest or other notice of any kind, and
the Holder may immediately and without expiration of any grace period enforce
any and all of its rights and remedies hereunder and all other remedies
available to it under applicable law. Such acceleration may be rescinded and
annulled by Holder at any time prior to payment hereunder and the Holder shall
have all rights as a holder of the Debenture until such time, if any, as the
Holder receives full payment pursuant to this Section 11. No such rescission or
annulment shall affect any subsequent Event of Default or impair any right
consequent thereon, and the Security Interest shall not be released until the
obligations of the Company or Allora, as applicable, hereunder shall have been
satisfied in full. 

38 

                         (b)     
Injunction and Posting of Bond. In the event that the Event of Default
referred to in subsection 11(b) above pertains to Allora’s failure to deliver
unlegended shares of Allora Stock to the Holder pursuant to a Debenture
Conversion, Warrant Exercise, legend removal request, or otherwise, Allora may
not refuse such unlegended share delivery based on any claim that such Holder or
any one associated or affiliated with such Holder has been engaged in any
violation of law.

                         (c)     
Redemption by Other Holders. Upon the Company’s or Allora’s, as
applicable, receipt of notice from any of the holders of the Other Debentures
for redemption or repayment as a result of an event or occurrence of an Event of
Default or a Major Transaction (each, an "Other Redemption Notice"), it
shall immediately, but no later than one (1) Business Day of its receipt
thereof, forward to the Holder by facsimile a copy of such notice. If the
Company or Allora, as applicable, receives a Redemption Notice and one or more
Other Redemption Notices, during the seven (7) Business Day period beginning on
and including the date which is three (3) Business Days prior to the Company’s
or Allora’s receipt, as applicable, of the Holder’s Redemption Notice and ending
on and including the date which is three (3) Business Days after the Company’s
or Allora’s receipt, as applicable, of the Holder's Redemption Notice and the
Company or Allora, as applicable, is unable to redeem all principal, interest
and other amounts designated in such Redemption Notice and such Other Redemption
Notices received during such seven (7) Business Day period, then the Company or
Allora, as applicable, shall redeem a pro rata amount from each holder of the
Debentures (including the Holder) based on the principal amount of the
Debentures submitted for redemption pursuant to such Redemption Notice and such
Other Redemption Notices received by the Company or Allora, as applicable,
during such seven (7) Business Day period. 

          Section
12.      Holder’s
Redemptions.

                         (a)      Mechanics
of Holder’s Redemptions. In the event that the Holder has sent a Major
Transaction Redemption Notice to the Company or Allora, as applicable, pursuant
to Section 4(d) (or sends or receives a Default Notice pursuant to Section
11(a), respectively (each, a “Redemption Notice”), the Holder shall
promptly submit this Debenture to the Company or Allora, as applicable, upon
receipt of the full amount being redeemed. In the event of a redemption of less
than all of the outstanding principal amount of this Debenture, the Company or
Allora, as applicable, shall promptly cause to be issued and delivered to the
Holder a new Debenture representing the outstanding principal amount which has not been redeemed and
upon receipt of the full amount being redeemed and such new Debenture in a form
acceptable to the Holder, the Holder will exchange this Debenture for such new
Debenture.

39 

                         (b)     
Warrants Detachable. No Redemption of the Debenture shall have any effect
on the Holder’s Warrants. The Warrants constitute a separate, detachable
security from the Debentures. Notwithstanding any Redemption of this Debenture,
the Holder shall retain all of its outstanding Warrants. 

                         (c)      Maximum
Interest Rate. To the extent that the redemption premium for any Redemption
is deemed to constitute a payment of interest under applicable law, the amount
of such premium shall not exceed the maximum rate permitted by applicable law.

          Section
13.      Late Payment
Fees. 

          Any
accrued amount under this Debenture or the Transaction Documents, whether
principal, Interest, Liquidated Damages, a Redemption Amount, Default Amount, or
otherwise, which is not paid when due shall result in a late charge being
incurred and payable by the Company or Allora, as applicable, in an amount equal
to interest on such amount at the rate of eighteen (18%) per annum or the
maximum rate permitted by applicable law which shall accrued from the date such
amount was due until the same is paid in full (“Late Payment Fees”). 

          Section
14.      Liquidated Damages;
Injunction. 

                         (a)      Asset
Purchase Liquidated Damages. Upon the occurrence of an Asset Purchase
Failure, the Company or Allora, as applicable, shall pay to such Holder, in
cash, as liquidated damages and not as a penalty, an amount in cash equal to two
percent (2.0%) of the aggregate purchase price of the Holder’s outstanding
Debentures on the day of such failure and on every thirtieth (30th)
day (pro rated for periods totaling less than thirty days) thereafter until the
date the Asset Purchase Failure is cured. 

                         (b)      Payment
of Liquidated Damages. The accrued Liquidated Damages for each Event of
Failure shall be paid in cash on or before the fifth (5th) Business Day of each
month following a month in which Liquidated Damages accrued from funds legally
available therefor; and any such payments not paid within the time period
specified shall be added to the outstanding principal amount of this Debenture
and the total amount thereof shall accrue interest at the rate of eighteen
percent (18%). Nothing herein shall limit the Holder's right to pursue any
damages for the Company’s or Allora’s, as applicable, Event of Failure, and the
Holder shall have the right to pursue all remedies available at law or in equity
(including a decree of specific performance and/or injunctive relief). Any
shares of EPOD Stock or Allora Stock, as applicable, issued upon Conversion of
such amounts shall be Registrable Securities (as defined in the Registration
Rights Agreement).

40 

                         
(b)      Maximum Rate of Interest. Nothing
contained herein or in any document referred to herein or delivered in
connection herewith shall be deemed to establish or require the payment of a
rate of interest or other charges in excess of the maximum permitted by
applicable law. In the event that the rate of interest or dividends required to
be paid or other charges hereunder exceed the maximum permitted by such law, any
payments in excess of such maximum shall be credited against amounts owed by the
Company or Allora, as applicable, to the Holder and thus refunded to the Company
or Allora, as applicable. 

          Section
15.      Dispute Resolution.
In the case of a dispute as to the determination of the Conversion
Price or the arithmetic calculation of the number of Conversion Shares issuable
upon any conversion of this Debenture, the Company or Allora, as applicable,
shall promptly issue to the Holder the number of Conversion Shares that are not
disputed and resolve such dispute in accordance with this section. In the case
of a dispute as to the determination of the Closing Price, Closing Bid Price or
the Volume Weighted Average Price or the arithmetic calculation of the
Conversion Price, Conversion Price Adjustment, the amount of any Required Cash
Payment amount, Interest or dividend calculation, or any redemption price,
redemption amount, Default Amount or similar calculation, or the determination
of whether or not a Dilutive Issuance or any other event which would lead to an
adjustment or the Conversion Price, the Company or Allora, as applicable, shall
submit the disputed determinations or arithmetic calculations via facsimile
within two (2) Business Days of receipt, or deemed receipt, of the Conversion
Notice, any redemption notice, Default Notice or other event giving rise to such
dispute, as the case may be, to the Holder. If the Holder, on the one hand, and
the Company or Allora, as applicable, on the other hand, are unable to agree
upon such determination or calculation within two (2) Business Days of such
disputed determination or arithmetic calculation being submitted to the Holder,
then the Company or Allora, as applicable, shall, within two (2) Business Days
submit via facsimile (a) the disputed determination of the Closing Price,
Closing Bid Price or the Volume Weighted Average Price to an independent,
reputable investment bank selected by the Company or Allora, as applicable, and
approved by the Holder, which approval shall not be unreasonably withheld, (b)
the disputed arithmetic calculation of the Conversion Price, Conversion Price
Adjustment or any redemption price, redemption amount or Default Amount to the
Company’s or Allora’s, as applicable, independent, outside accountant or (c) the
disputed facts regarding the occurrence of a Dilutive Issuance (or any other
matter mentioned above which is not specifically required to be submitted to the
investment bank or the accountant) to an expert attorney from a nationally
recognized outside law firm (having at least 100 attorneys and having with no
prior relationship with the Company or Allora, as applicable) selected by the
Company or Allora, as applicable, and approved by the Holder). The Company or
Allora, as applicable, at its expense, shall cause such investment bank, the
accountant, the law firm, or other expert, as the case may be, to perform the
determinations or calculations and notify the Company or Allora, as applicable,
and the Holder of the results no later than five (5) Business Days from the time
it receives the disputed determinations or calculations. Such investment bank’s
or accountant’s determination or calculation, as the case may be, shall be
binding upon all parties absent demonstrable error (collectively, the
“Dispute Resolution Procedures”). 

41 

          Section
16.      Miscellaneous.

                         (a)      Failure
or Indulgence Not Waiver. No failure or delay on the part of the
Holder in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other
right, power or privileges. All rights and remedies existing hereunder are
cumulative to, and not exclusive of, any rights or remedies otherwise available.

                         (b)      Notices.
All notices and other communications given or made pursuant to this
Agreement shall be in writing and shall be deemed effectively given: (a) upon
personal delivery to the party to be notified, (b) when sent by confirmed
electronic mail or facsimile if sent during normal business hours of the
recipient, and if not so confirmed, then on the next business day, (c) five (5)
days after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one (1) business day after deposit with a
nationally recognized overnight courier, specifying next business day delivery,
with written verification of receipt. All communications shall be sent to the
respective parties at their address as set forth in the preamble to this
Agreement or on Schedule I hereto, or to such email address, facsimile
number or address as subsequently modified by written notice given in accordance
with this Section 8.05. If notice is given to the Corporation, a copy shall also
be given to Burns & Levinson LLP, 125 Summer Street, Boston, MA 02110,
Attention: Andrew J. Merken, Esq. If notice is given to a Purchaser, a copy
shall also be given to Ellenoff Grossman & Schole LLP, 150 East 42nd Street,
11th Floor, New York, New York 10017, Attention: Stuart Neuhauser, Esq. The
Company or Allora, as applicable, shall provide the Holder with prompt written
notice of all actions taken pursuant to this Debenture, including in reasonable
detail a description of such action and the reason therefore. Without limiting
the generality of the foregoing, the Company or Allora, as applicable, will give
written notice to the Holder (i) immediately upon any adjustment of the
Conversion Price, setting forth in reasonable detail, and certifying, the
calculation of such adjustment and (ii) at least twenty (20) days prior to the
date on which the Company or Allora, as applicable, closes its books or takes a
record (A) with respect to any dividend or distribution upon the EPOD Stock or
the Allora Stock, as applicable, (B) with respect to any pro rata subscription
offer to holders of EPOD Stock or the Allora Stock, as applicable, or (C) for
determining rights to vote with respect to any Major Transaction, dissolution or
liquidation, provided in each case that such information shall be made known to
the public prior to or in conjunction with such notice being provided to the
Holder. 

                         (c)     
Payments. Whenever any payment of cash is to be made by the Company or
Allora, as applicable, to any Person pursuant to this Debenture or otherwise
pursuant to the Transaction Documents, such payment shall be made in lawful
money of the United States of America in cash via wire transfer of immediately
available funds in accordance with the Holder’s wire transfer instructions.
Whenever any amount expressed to be due by the terms of this Debenture is due on
any day which is not a Business Day, the same shall instead be due on the next
succeeding day which is a Business Day and, in the case of any Interest Payment Date which is not the date on
which this Debenture is paid in full, the extension of the due date thereof
shall not be taken into account for purposes of determining the amount of
Interest due on such date.

42 

                         (d)      Amendments.
Except as otherwise expressly provided herein, the Debentures, the Other
Debentures, and any provision hereof or thereof may only be amended by an
instrument in writing signed by the Company, Allora and the Required
Holders.

                         (e)      Assignability.
This Debenture shall be binding upon the Company and Allora, and their
respective successors and assigns, as permitted, and shall inure to be the
benefit of the Holder and its successors and assigns. 

                         (f)     
Payment of Collection, Enforcement and Other Costs. If (i) this Debenture
is placed in the hands of an attorney for collection or enforcement or is
collected or enforced through any legal proceeding or the Holder otherwise takes
action to collect amounts due under this Debenture or to enforce the provisions
of this Debenture, or (ii) there occurs any voluntary or involuntary bankruptcy,
reorganization, receivership of the Company or Allora, as applicable, or other
proceedings affecting Company or Allora, as applicable, creditors’ rights and
involving a claim under this Debenture, then the Company or Allora, as
applicable, shall pay the costs incurred by the Holder for such collection,
enforcement or action or in connection with such bankruptcy, reorganization,
receivership or other proceeding, including, but not limited to, reasonable
attorneys’ fees and disbursements. 

                         (g)     
Governing Law; Equitable Relief. All questions concerning the
construction, validity, enforcement and interpretation of this Debenture shall
be governed by and construed and enforced in accordance with the internal laws
of the State of Delaware, without regard to the principles of conflicts of law
thereof. Each party agrees that all legal proceedings concerning the
interpretations, enforcement and defense of the transactions contemplated by
this Debenture (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, employees or agents) shall be
commenced exclusively in the state and federal courts sitting in the State of
Delaware. Each party hereby irrevocably submits to the exclusive jurisdiction of
the state and federal courts sitting in the State of Delaware for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein (including with respect to
the enforcement of any of the Transaction Documents), and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is improper or is an inconvenient venue for such
proceeding. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof via registered or certified mail or overnight delivery
(with evidence of delivery) to such party at the address in effect for notices
to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any other manner permitted by law. The parties hereby waive
all rights to a trial by jury. If a party shall commence an action or proceeding
to enforce any provisions of this Debenture, then the prevailing party in such
action or proceeding shall be reimbursed by the other party for its reasonable
attorneys’ fees and other costs and expenses incurred with the investigation,
preparation and prosecution of such action or proceeding. 

43 

                         (h)      Certain
Amounts. Whenever pursuant to this Debenture the Company or Allora,
as applicable, is required to pay an amount in excess of the outstanding
principal amount of this Debenture (or the portion thereof required to be paid
at that time) plus accrued and unpaid Interest (including but not limited to any
Liquidated Damages or other Required Cash Payments), the Company or Allora, as
applicable, and the Holder agree that the actual damages to the Holder from the
receipt of cash payment on this Debenture may be difficult to determine and the
amount to be so paid by the Company or Allora, as applicable, represents
stipulated damages and not a penalty and is intended to compensate the Holder in
part for loss of the opportunity to convert this Debenture and to earn a return
from the sale of shares of EPOD Stock or Allora Stock acquired upon Conversion
of this Debenture at a price in excess of the price paid for such shares
pursuant to this Debenture. The Company or Allora, as applicable, and the Holder
hereby agree that such amount of stipulated damages is not plainly
disproportionate to the possible loss to the Holder from the receipt of a cash
payment without the opportunity to convert this Debenture into shares of EPOD
Stock or Allora Stock, as applicable. 

                         (i)     
Rule 144 Hold Period. For purposes of Rule 144, it is intended,
understood and acknowledged that the EPOD Stock or Allora Stock, as applicable,
issuable upon Conversion of this Debenture shall be deemed to have been acquired
at the time the Debenture was issued. Moreover, it is intended, understood and
acknowledged that the holding period for the EPOD Stock or the Allora Stock, as
applicable, issuable upon Conversion of this Debenture shall be deemed to have
commenced on the date this Debenture was issued.

                         (j)      Purchase
Agreement. By its acceptance of the Debenture, the Holder agrees to be bound
by the applicable terms of the Purchase Agreement. 

                         (k)     
Notice of Corporate Events. Except as otherwise provided in this
Debenture, the Holder of this Debenture shall have no rights as a Holder of EPOD
Stock or Allora Stock unless and only to the extent that it converts this
Debenture into such shares pursuant to the terms hereof and the remaining
Transaction Documents. The Company or Allora, as applicable, shall provide the
Holder with prior notification of any meeting of the Company’s or Allora’s
shareholders, as applicable (and copies of proxy materials and other information
sent to shareholders). In the event the Company or Allora, as applicable, takes
a record of its shareholders for the purpose of determining shareholders who are
entitled to receive payment of any dividend or other distribution, any right to
subscribe for, purchase or otherwise acquire (including by way of merger,
consolidation, reclassification or recapitalization) any share of any class or
any other securities or property, or to receive any other right, or for the
purpose of determining shareholders who are entitled to vote in connection with
any proposed sale, lease or conveyance of all or substantially all of the assets of the
Company or Allora, as applicable, or any proposed liquidation, dissolution or
winding up of the Company or Allora, as applicable, the Company or Allora, as
applicable, shall mail a notice to the Holder, at least twenty (20) days prior
to the record date specified therein (or thirty (30) days prior to the
consummation of the transaction or event, whichever is earlier), of the date on
which any such record is to be taken for the purpose of such dividend,
distribution, right or other event, and a brief statement regarding the amount
and character of such dividend, distribution, right or other event to the extent
known at such time. The Company or Allora, as applicable, shall make a public
announcement of any event requiring notification to the Holder hereunder
substantially simultaneously with the notification to the Holder in accordance
with the terms of this Section 16(k). 

44 

                         (l)      Remedies.
The remedies provided in this Debenture shall be cumulative and in addition
to all other remedies available under this Debenture and the other Transaction
Documents, at law or in equity (including a decree of specific performance
and/or other injunctive relief), and nothing herein shall limit the right of the
Holder right to pursue actual damages for any failure by the Company or Allora,
as applicable, to comply with the terms of this Debenture. The Company or
Allora, as applicable, acknowledges that a breach by it of its obligations
hereunder will cause irreparable harm to the Holder, by vitiating the intent and
purpose of the transaction contemplated hereby. Accordingly, the Company or
Allora, as applicable, acknowledges that the remedy at law for a breach of its
obligations under this Debenture will be inadequate and agrees, in the event of
a breach or threatened breach by the Company or Allora, as applicable, of the
provisions of this Debenture, that the Holder shall be entitled, in addition to
all other available remedies at law or in equity, to an injunction or
injunctions restraining, preventing or curing any breach of the Debenture and
the other Transaction Documents and to enforce specifically the terms and
provisions thereof, without the necessity of showing economic loss and without
any bond or other security being required. 

                         (m)      Construction;
Headings. This Debenture shall be deemed to be jointly drafted by the
Company, Allora, and all the Purchasers and shall not be construed against any
person as the drafter hereof. The headings of this Debenture are for convenience
of reference and shall not form part of, or affect the interpretation of, this
Debenture. 

45 

          IN
WITNESS WHEREOF, Company has caused the Debenture to be signed in its name by
its duly authorized officer as of the Original Issue Date set forth above. 

	 	COMPANY: 
	 	  	  
	 	EPOD Solar Inc. 
	 	  	  
	 	  	  
	 	/s/ Michael Matvieshen 
	 	By: 	Michael Matvieshen 
	 	Its: 	Chief Executive Officer
  

LIMITED JOINDER SOLELY FOR THE PURPOSES SET FORTH BELOW:

          The
undersigned hereby executes this Debenture, as of the Original Issue Date
hereof, solely with respect to its obligations set forth herein. 

	 	ALLORA: 
	 	  	  
	 	Allora Minerals, Inc.
    
	 	  	  
	 	/s/ Michael Matvieshen 
	 	By: 	 Michael Matvieshen 
	 	Its: 	President and Chief Executive
  
	 	  	Officer 

46 

EXHIBIT A 

NOTICE OF CONVERSION 

(To be Executed by the Registered Holder in order to Convert the
Debenture) 

The undersigned hereby irrevocably
elects to convert $__________ in principal amount of the Debenture (defined
herein) into shares of Common Stock, par value $0.00001 per share (“Common
Stock”), of [___________], a [___] corporation (the
“Company”), plus: 

- $ _________ in accrued and unpaid
Interest Payments, plus 
- $ _________ in accrued and unpaid Liquidated
Damages, plus 
- $ _________ in other Required Cash Payments (specify):
_____________
______________________________________________________. 

all according to the conditions of the Senior Secured
Convertible Debenture of the Company dated as of June 30, 2009 (the
“Debenture”), as of the date written below. If securities are to be
issued in the name of a Person other than the undersigned, the undersigned will
pay all transfer taxes payable with respect thereto and is delivering herewith
such certificates. No fee will be charged to the Holder for any Conversion,
except for transfer taxes, if any. By submitting this Notice of Conversion, the
Holder certifies that the issuance of the number of shares of Common Stock
requested hereby will not result in a violation of the Beneficial Ownership
Limitation. 

          The
Company shall electronically transmit the Common Stock issuable pursuant to this
Notice of Conversion to the account of the undersigned or its nominee with DTC
through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

Name of DTC Prime Broker:
_________________________________
Account Number:
________________________________________

In lieu of receiving shares of Common Stock issuable pursuant
to this Notice of Conversion by way of a DWAC Transfer, the undersigned hereby
requests that the Company issue a certificate or certificates for the number of
shares of Common Stock set forth above (which numbers are based on the Holder's
calculation attached hereto) in the name(s) specified immediately below or, if
additional space is necessary, on an attachment hereto: 

Name: _________________________________________________

Address: _______________________________________________

The undersigned represents and warrants that all offers and
sales by the undersigned of the securities issuable to the undersigned upon
Conversion of the Debenture shall be made pursuant to registration of the securities under the
Securities Act of 1933, as amended (the "ACT"), or pursuant to an
exemption from registration under the Act. 

47 

(i) Date of
Conversion:_______________________________
Applicable Conversion Price:
________________________
Number of Shares of Common
______________________
Stock to be Issued Pursuant to (i):
____________________
Conversion of the
Debenture:_______________________

(ii) Conversion of accrued and unpaid
Interest Payments, in accrued and unpaid Liquidated Damages, and/or other
Required Cash Payments:

______________________________________________________________. 

Signature:
______________________________________________________
Name:
_________________________________________________________
Address:
_______________________________________________________

Upon Conversion of the Debenture in accordance with the terms
thereof, the Holder shall not be required to physically surrender the Debenture
(or evidence of loss, theft or destruction thereof) to the Company unless all of
the Debenture is converted, in which case such Holder shall deliver the
Debenture being converted to the Company promptly following the Conversion Date
at issue. The Company shall issue and deliver shares of Common Stock to an
overnight courier not later than the third Business Days following receipt of
the Notice of Conversion with respect to the Debenture(s) to be converted, and
shall make payments pursuant to the Debenture for the number of Business Days
such issuance and delivery is late. 

48

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