FORM OF CONVERTIBLE DEBENTUREAn Asset Purchase and Sale Agreement • July 31st, 2012 • Petrosonic Energy, Inc. • Metal mining • Nevada
THIS DEBENTURE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, TO A NON-US PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 (AS APPLICABLE) OF REGULATION S UNDER THE SECURITIES ACT, OR PURSUANT TO AN OPINION OF COUNSEL SATISFACTORY TO THE BORROWER THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.
ASSET PURCHASE AND SALE AGREEMENTAn Asset Purchase and Sale Agreement • July 31st, 2012 • Petrosonic Energy, Inc. • Metal mining • Alberta
NOW THEREFORE in consideration of the covenants, agreements, warranties and payment hereinafter set forth and provided for and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby respectively covenant and agree as follows:
