Secured Convertible Debenture Sample Contracts

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Secured Convertible Debenture
Secured Convertible Debenture • April 25th, 2016 • ID Global Solutions Corp • Services-prepackaged software

This Secured Convertible Debenture (the “Debenture”) is issued by ID GLOBAL SOLUTIONS CORPORATION, a Delaware corporation (the “Obligor”), to ______________________________, a ______________ (the “Holder”), pursuant to that certain Securities Purchase Agreement (the “Agreement”) of even date herewith.

ADVENTURE ENERGY, INC. Secured Convertible Debenture Due: June 24, 2010
Secured Convertible Debenture • November 16th, 2009 • Adventure Energy, Inc. • Crude petroleum & natural gas

This Secured Convertible Debenture (the “Debenture”) is issued by ADVENTURE ENERGY, INC., a Florida corporation (the “Company”), to Atlas Capital Partners, LLC. (the “Holder”), pursuant to that certain Debenture Securities Purchase Agreement (the “Debenture Securities Purchase Agreement”) dated September 24, 2009.

US FUEL CORPORATION Secured Convertible Debenture
Secured Convertible Debenture • May 1st, 2014 • Us Fuel Corp • Petroleum refining • New Jersey

FOR VALUE RECEIVED, US FUEL CORPORATION (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to (the “Holder”) or its successors and assigns the principal sum of FORTY THOUSAND DOLLARS ($40,000.00) in the form of cash or Obligor common stock on the terms and conditions hereof on or before December 31, 2015 (the “Maturity Date”). Company has received $20,000 in cash from Holder on the Original Issuance Date as consideration for this Debenture.

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. DPFD-3-3
Secured Convertible Debenture • July 11th, 2007 • Deep Field Technologies, Inc. • Services-computer integrated systems design

THIS AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. DPFD-3-3 (this “Amendment”), is entered into by and between DEEP FIELD TECHNOLOGIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

Contract
Secured Convertible Debenture • July 16th, 2020 • Kona Gold Solutions, Inc.

NEITHER THIS DEBENTURE NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

VIASPACE INC. Secured Convertible Debenture Due: November 29, 2011
Secured Convertible Debenture • December 4th, 2006 • VIASPACE Inc. • Miscellaneous electrical machinery, equipment & supplies

This Secured Convertible Debenture (the “Debenture”) is issued by VIASPACE INC., a Nevada corporation (the “Company”), to CORNELL CAPITAL PARTNERS, LP (the “Holder”), pursuant to that certain Securities Purchase Agreement (the “Securities Purchase Agreement”) dated November 2, 2006.

THIS SECOND AMENDMENT TO THE AMENDED RESTATED SECURED CONVERTIBLE DEBENTURE made as of the 18th day of January, 2015
Secured Convertible Debenture • June 29th, 2016 • Nutritional High International Inc • Pharmaceutical preparations • Ontario

WHEREAS the Issuer issued to the Holders a subordinated secured convertible debenture, dated November 17, 2014 and an amended and restated convertible debenture, dated November 18, 2014 (collectively the "Subordinated Debenture") in the principal amount of $150,000, maturing on November 17, 2016 (the "Maturity Date") and carrying an interest rate of 12% per annum, attached hereto as Schedule "A";

SECURED CONVERTIBLE DEBENTURE #4
Secured 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

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. MEP-3
Secured Convertible Debenture • June 8th, 2007 • Tech Laboratories Inc • Blank checks

THIS AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. MEP-3 (this “Amendment”), is entered into by and between TECH LABORATORIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • August 14th, 2018 • Cirtran Corp • Beverages • Nevada

This Amendment No. 1 to Secured Convertible Debenture (this “Amendment”) is entered into effective as of April 20, 2018 (“Effective Date”), between CIRTRAN CORPORATION, a Nevada corporation (the “Company”), and TEKFINE, LLC, a Utah limited liability company (the “Holder”), and amends that certain Secured Convertible Debenture (“Debenture”) with an issuance date of April 20, 2017.

SECURED CONVERTIBLE DEBENTURE January 15, 2004 $30,000.00
Secured Convertible Debenture • July 11th, 2006 • Mexoro Minerals LTD • Blank checks

This Debenture is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of stockholders of the Borrower and will not impose personal liability upon the holder thereof The obligations of the Borrower under this Debenture shall be secured by that certain Security Agreement dated by and between the Borrower and the Holder dated January 15. 2004.

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • June 29th, 2007 • Triton Petroleum Group Inc • Metal mining

This AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE (this “Amendment”), is made effective as of June __, 2007 (the “Effective Date”), by and between Highgate House Funds, Ltd. (“Investor”); and Triton Petroleum Group, Inc. (f/k/a American Petroleum Group, Inc.), a corporation organized under the laws of the state of Nevada (the “Company”), with reference to the following recitals:

AMENDMENT NO. 1 TO AMENDED AND RESTATED SECURED CONVERTIBLE DEBENTURE NO. MEP-2
Secured Convertible Debenture • June 8th, 2007 • Tech Laboratories Inc • Blank checks

THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED SECURED CONVERTIBLE DEBENTURE NO. MEP-2 (this “Amendment”), is entered into by and between TECH LABORATORIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • January 15th, 2004 • Incara Pharmaceuticals Corp • Pharmaceutical preparations • New York

FOR VALUE RECEIVED, Incara Pharmaceuticals Corporation (f/k/a Incara, Inc.), a Delaware corporation (the “Maker”) and the successor-by-merger to Incara Pharmaceuticals Corporation, the Maker’s former parent (the “Parent”), hereby promises to pay to the order of Goodnow Capital, L.L.C., a Delaware limited liability company and the successor-by-merger to Goodnow Capital, Inc., or its successors, assigns and legal representatives (the “Holder”), at 152 West 57th Street, 21st Floor, New York, New York 10019, or at such other location as the Holder may designate from time to time, the aggregate principal sum of all advances (each, an “Advance” and, collectively, the “Advances”) made by the Holder to the Maker, in lawful money of the United States of America, together with interest on each such Advance at a rate of 10% per annum. This Secured Convertible Debenture (this “Debenture”) is the Debenture of the Maker referred to in that certain Debenture and Warrant Purchase Agreement (the “Purch

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. TCHL-1-2
Secured Convertible Debenture • June 8th, 2007 • Tech Laboratories Inc • Blank checks

THIS AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. TCHL-1-2 (this “Amendment”), is entered into by and between TECH LABORATORIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

Contract
Secured Convertible Debenture • April 8th, 2009 • Mexoro Minerals LTD • Gold and silver ores • New York

THIS SECURITY, AND ANY SECURITIES TO BE ISSUED BY THE CORPORATION IN CONVERSION OF THIS SECURITY, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES OR AN OPINION OF COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

AMENDMENT NO. 1 TO OPEN ENERGY CORPORATION SECURED CONVERTIBLE DEBENTURE NO. CCP-2
Secured Convertible Debenture • August 18th, 2006 • Open Energy Corp • Crude petroleum & natural gas

This Amendment No. 1 to Secured Convertible Debenture No. CCP-2 (this “Amendment”) is entered into by and between OPEN ENERGY CORPORATION (formerly Barnabus Energy, Inc.), a Nevada corporation (the “Obligor”), and CORNELL CAPITAL PARTNERS, LP (the “Holder”).

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SECURED CONVERTIBLE DEBENTURE #____
Secured Convertible Debenture • March 28th, 2002 • Blue Zone Inc • 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 _________________________ dollars ($____________________) pursuant to the Loan Agreement, together with interest at the rate of ___________percent (_________%) 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 unde

AMENDMENT NO. 2 TO SECURED CONVERTIBLE DEBENTURE AND CONSENT
Secured Convertible Debenture • February 5th, 2004 • Aerogen Inc • Surgical & medical instruments & apparatus

THIS AMENDMENT NO. 2 TO SECURED CONVERTIBLE DEBENTURE AND CONSENT (the “Amendment”) is made as of January 20, 2004, by and between AEROGEN, INC., a Delaware corporation (the “Borrower”) and SF CAPITAL PARTNERS, LTD., or its registered assigns (the “Holder”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Debenture and Purchase Agreement (each as defined below);

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. TCHL-1-1
Secured Convertible Debenture • June 8th, 2007 • Tech Laboratories Inc • Blank checks

THIS AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. TCHL-1-1 (this “Amendment”), is entered into by and between TECH LABORATORIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

FIFTH AMENDMENT TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • August 13th, 2015 • ProGreen Properties, Inc. • Real estate

FIFTH AMENDMENT, dated as of December 19, 2014 and effective retroactively, to SECURED CONVERTIBLE DENBENTURE, made by and between PROGREEN PROPERTIES, INC., a Delaware corporation (the “Company”), and RUPES FUTURA AB (the “Lender”). Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such term in the Debenture.

AMENDMENT NO. 2 TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • March 30th, 2009 • Converted Organics Inc. • Agricultural chemicals • Delaware

This amendment no. 2 (“Amendment”) to the Secured Convertible Debenture dated January 24, 2008 (the “Original Debenture”), as previously amended on January 29, 2009 (such prior amendment, the “Prior Amendment” and with the Original Debenture, the “Debenture”) is made as of March 17, 2009 by and between Converted Organics Inc., a Delaware corporation (“Borrower”) and HIGH CAPITAL FUNDING, LLC (“Lender”).

AMENDMENT TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • February 5th, 2004 • Aerogen Inc • Surgical & medical instruments & apparatus

THIS AMENDMENT (the “Amendment”) is made as of January 7, 2004, by and among AEROGEN, INC., a Delaware corporation (the “Borrower”), and SF CAPITAL PARTNERS, LTD., or its registered assigns (the “Holder”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Debenture (as defined below).

AMENDMENT TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • March 30th, 2009 • Converted Organics Inc. • Agricultural chemicals

This amendment (“Amendment”) to the Secured Convertible Debenture dated January 24, 2008 (“Debenture”) is made as of January 29, 2009 by and between Converted Organics, Inc., a Delaware corporation (“Borrower”) and 1 (“Lender”). Terms not defined herein shall have the meaning as set forth in the Debenture.

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. DPFD-1-1
Secured Convertible Debenture • July 11th, 2007 • Deep Field Technologies, Inc. • Services-computer integrated systems design

THIS AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE NO. DPFD-1-1 (this “Amendment”), is entered into by and between DEEP FIELD TECHNOLOGIES, INC. a New Jersey corporation (the “Company”), and the undersigned Buyer (the “Buyer”).

April 20, 2009
Secured Convertible Debenture • January 13th, 2010 • Pala Investments Holdings LTD • Refuse systems
AMENDMENT TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • December 16th, 2011 • ProGreen Properties, Inc. • Real estate

FIRST AMENDMENT, dated as of December 14, 2011 and effective retroactively, to SECURED CONVERTIBLE DENBENTURE, made by and between PROGREEN PROPERTIES, INC., a Delaware corporation (the “Company”) and Henrik Sellmann (the “Lender”). Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such term in the Debenture.

AMENDMENT NO. 1 TO OPEN ENERGY CORPORATION SECURED CONVERTIBLE DEBENTURE NO. CCP-1
Secured Convertible Debenture • August 18th, 2006 • Open Energy Corp • Crude petroleum & natural gas

This Amendment No. 1 to Secured Convertible Debenture No. CCP-1 (this “Amendment”) is entered into by and between OPEN ENERGY CORPORATION (formerly Barnabus Energy, Inc.), a Nevada corporation (the “Obligor”), and CORNELL CAPITAL PARTNERS, LP (the “Holder”).

AMENDMENT NO. 1 TO SECURED CONVERTIBLE DEBENTURE
Secured Convertible Debenture • March 26th, 2004 • Aerogen Inc • Surgical & medical instruments & apparatus

THIS AMENDMENT TO SECURED CONVERTIBLE DEBENTURE (the “Amendment”) is made as of March 1, 2004, by and between AEROGEN, INC., a Delaware corporation (the “Borrower”) and the CARPENTER 1983 FAMILY TRUST UA, or its registered assigns (the “Holder”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Debenture and Purchase Agreement (each as defined below);

US FUEL CORPORATION Secured Convertible Debenture
Secured Convertible Debenture • May 1st, 2014 • Us Fuel Corp • Petroleum refining • New Jersey

FOR VALUE RECEIVED, US FUEL CORPORATION (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to (the “Holder”) or its successors and assigns the amounts identified as the balance due for each of the eight (8) obligations listed below (each, an “Obligation”), which are in the aggregate equal to the principal sum of EIGHT HUNDRED AND SIXTY THOUSAND DOLLARS ($860,000.00), in the form of cash or Obligor common stock on the terms and conditions hereof if and to the extent that each specific purchase price payment (each, a “Tranche”) has been paid as required under that certain Securities Purchase Agreement dated April 10, 2014 by and between the Obligor and Holder (“SPA”). Obligor’s payments shall be made in each case on or before the third (3rd) anniversary (each, a “Maturity Date”) of each Tranche payment date (each, a “Tranche Payment Date”) according to the following schedule:

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