0000909334-13-000012 Sample Contracts

12% CONVERTIBLE DEBENTURE DUE DECEMBER 31, 2014
American Natural Energy Corp • February 12th, 2013 • Crude petroleum & natural gas • Oklahoma

THIS 12% CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued 12% Convertible Debentures of American Natural Energy Corporation, an Oklahoma corporation (the "Company"), having its principal place of business at 6100 South Yale, Suite 2010, Tulsa, Oklahoma 74136, designated as its 12% Convertible Debenture due December 31, 2014 (this debenture, the "Debenture" and, collectively with the other debentures of such series, the "Debentures").

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