SECURED CONVERTIBLE DEBENTURE #4Secured Convertible Debenture • February 21st, 2002 • Warren F Michael P • Services-computer programming, data processing, etc.
FOR VALUE RECEIVED, the undersigned, BLUE ZONE, INC., a Nevada corporation (the “Company”), HEREBY PROMISES TO PAY to the order of F. MICHAEL P. WARREN (the “Lender”) under the Secured Loan Agreement, dated as of April 27, 2001, among the Company and the Lender (as amended, the “Loan Agreement”), the principal sum of one hundred thousand dollars ($100,000) pursuant to the Loan Agreement, together with interest at the rate of eight percent (8.0%) per annum on any and all principal amounts remaining unpaid hereunder from time to time outstanding from the date hereof until said principal amounts are paid in full or this Debenture is converted into Common Stock of the Company as provided in the Loan Agreement. Interest will be calculated on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days (including the first day but excluding the last day) elapsed. The Company may repay all principal and accrued but unpaid interest under any Lender’s Debenture at a
