Document:

Agreement-Irwin Energy

    AUTOBAHN
      INTERNATIONAL, INC

     

    ______________________________________

    

    CONVERTIBLE
      DEBENTURE

    (the
      “Debenture")

    

    
      	
              PRINCIPAL:

            	
              $62,853
                USD

            
	 	 
	
              INTEREST:

            	
              5%
                Per Annum

            
	 	 
	
              DUE
                DATE:

            	
              January
                27, 2008

            
	 	 
	
              ISSUE
                DATE:

            	
              January
                27, 2006

            
	
            	 
	
              LENDER:

            	
              GLOBAL
                DEVELOPMENTS INC. 

            
	 	 
	
              LENDER
                ADDRESS:

            	
              Suite
                510 - 999 West Hastings 

            
	 	
              Vancouver,
                BC

            
	 	
              V6C
                2W2

            

    

    

    

    

    WITH
      THE TERMS AS FOLLOWS:

    

    

    FOR
      VALUE RECEIVED,
      AUTOBAHN
      INTERNATIONAL, INC.
      (the
“Company”),
      a
      company Incorporated in the State of Nevada, HEREBY
      ACKNOWLEDGES ITSELF INDEBTED TO THE
      AFORESTATED LENDER
      (the
“Lender”),
      AND
      THE COMPANY PROMISES TO PAY TO THE LENDER, in
      the
      manner and at the times set forth herein in accordance with the stated terms,
      the aggregate
      Principal
      (the
“Principal”,
      also
      called the "Loan")
      sum of
Sixty
      Two Thousand Eight Hundred Fifty-Three Dollars ($62,853 U.S.) and Interest,
      and
      other costs as set forth herein, in
      lawful
      money of the United States of America.

     

    The
      effective date (the "Effective
      Date")
      of
      this Debenture shall be the aforestated Issue Date and the due date (the
      "Due
      Date")
      for
      the payment of all Principal shall be January 27, 2008, unless accelerated
      due
      to default not cured or waived by the terms hereof, and such accelerated date
      shall thereupon be the Due Date.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Debenture is specifically acknowledged to be a continuing security for all
      indebtedness of the Company outstanding from time-to-time, including for all
      re-advances after any payments of Principal, partial or otherwise, until
      discharged by the Lender in writing.

    

    This
      Debenture is enforceable and actionable in accordance with the laws of and
      in
      the jurisdiction of the Company and the Company waives any and all defenses
      to
      the enforcement hereof and attorns without reservation or defense to execution
      hereof (except the defense of payment) and to any judgment, reciprocating or
      otherwise.

    

    1. Interest

    

    This
      Debenture will bear interest (the “Interest”)
      at
six
      (6%) percent per annum,
      calculated annually and the Interest shall be payable annually (on each
      anniversary of the Effective Date) in arrears. After the Due Date Interest
      shall
      continue at 6% per annum but shall be capitalized monthly when unpaid.

    

    

    2. Payment
      of Principal and Interest

    

    The
      Principal will be due and payable by the Company to the Lender in the following
      manner:

    

    
      	 	
              (a)

            	
              the
                Principal shall be paid on the Due Date, and any acceleration thereof;
                and

            

    

    

    
      	 	
              (b)

            	
              in
                the event that the Principal and Interest has been reduced by an
                exercise
                of the Conversion Option (as defined below) then the reduced Principal
                and
                Interest shall be considered paid and discharged.
                

            

    

    

    

    3. Conversion
      Terms of this Debenture

    

    The
      Lender shall have the option during the term of this Debenture, and any
      extension thereto, to convert (the "Conversion
      Option")
      the
      Principal and Interest unpaid into common shares (the "Shares”)
      of the
      Company at the following conversion rates: 

    

    
      	 	
              (a)

            	
              The
                Conversion rate should be at a rate of $0.50 US per
                Share;

            

    

    

    Fractional
      shares will not be issued on any conversion but, in lieu thereof, the Company
      will make a cash payment.

    

    The
      right
      to convert the Debenture may be exercised by the Lender by the delivery of
      a
      notice of exercise of the Conversion Option, which must be exercised in full
      as
      to any unpaid Principal as to each Debenture in this series tendered for
      conversion. Subject to regulatory delays reasonably acceptable to the Lender,
      the Shares shall be delivered within ten (10) days of notice of exercise and
      subject to the least restriction available under appropriate regulatory laws.
      

    

    

    

    4. Replacement
      of Prior Encumbrances and Release of Security

    

    It
      is
      hereby agreed and acknowledged by the Company and the Lender that this security
      shall replace and supersede any preceding agreements and contracts of security
      respecting the Principal and Interest. 

    

    Upon
      payment of the Principal (whether by payment in cash or by conversion to Shares)
      and payment of Interest, the Lender shall provide the Company, at its request,
      with all such discharges, releases and acknowledgments of payment as the Company
      may reasonably require and request to evidence such payment and to discharge
      the
      within security and any registration in respect thereto.

    

    

    TO
      HAVE AND TO HOLD
      the same
      unto the use of the Lender, and the Lender’s successors and assigns, upon and
      subject to the terms and conditions herein set forth.

    

    

    This
      Debenture is issued subject to and with the benefit of the conditions annexed
      hereto, which are to be deemed part of it.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF
      the
      Company has caused its duly authorized officer to execute these terms effective
      on the Effective Date.

    

    

    

    AUTOBAHN
      INTERNATIONAL, INC

    

    

    

    Per:_______________________________

    Authorized
      Signatory

    

    

    GLOBAL
      DEVELOPMENTS INC

    

    

    

    Per:________________________________

    Authorized
      SignatoryAgreement-Omni Entertainment

    5
      STAR DESIGN GROUP

    

    

    ______________________________________

    

    

    

    CONVERTIBLE
      DEBENTURE

    (the
      “Debenture")

    

    

    
      	 	 
	
              PRINCIPAL:

            	
              $14,572
                (U.S.)

            
	 	 
	
              INTEREST:

            	
              6%
                Per Annum

            
	 	 
	
              DUE
                DATE:

            	
              September
                14, 2008

            
	 	 
	
              ISSUE
                DATE:

            	
              September
                15, 2005

            
	 	 
	
              LENDER:

            	
              GLOBAL
                DEVELOPMENTS INC. 

            
	 	 
	
              LENDER
                ADDRESS:

            	
              Suite
                510 - 999 West Hastings 

            
	 	
              Vancouver,
                BC

            
	 	
              V6C
                2W2

            
	 	 

    

    

    WITH
      THE TERMS AS FOLLOWS:

    

    

    FOR
      VALUE RECEIVED,
      5
      STAR DESIGN GROUP
      (the
“Company”),
      HEREBY
      ACKNOWLEDGES ITSELF INDEBTED TO THE
      AFORESTATED LENDER
      (the
“Lender”),
      AND
      THE COMPANY PROMISES TO PAY TO THE LENDER, in
      the
      manner and at the times set forth herein in accordance with the stated terms,
      the aggregate
      Principal
      (the
“Principal”,
      also
      called the "Loan")
      sum of
($14,572
      U.S.) and Interest, and other costs as set forth herein, in
      lawful
      money of the United States of America.

    

    The
      effective date (the "Effective
      Date")
      of
      this Debenture shall be the aforestated Issue Date and the due date (the
      "Due
      Date")
      for
      the payment of all Principal shall be January 27, 2008, unless accelerated
      due
      to default not cured or waived by the terms hereof, and such accelerated date
      shall thereupon be the Due Date.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Debenture is specifically acknowledged to be a continuing security for all
      indebtedness of the Company outstanding from time-to-time, including for all
      re-advances after any payments of Principal, partial or otherwise, until
      discharged by the Lender in writing.

    

    This
      Debenture is enforceable and actionable in accordance with the laws of and
      in
      the jurisdiction of the Company and the Company waives any and all defenses
      to
      the enforcement hereof and attorns without reservation or defense to execution
      hereof (except the defense of payment) and to any judgment, reciprocating or
      otherwise.

    

    1. Interest

    

    This
      Debenture will bear interest (the “Interest”)
      at
six
      (6%) percent per annum,
      calculated annually and the Interest shall be payable annually (on each
      anniversary of the Effective Date) in arrears. After the Due Date Interest
      shall
      continue at 6% per annum but shall be capitalized monthly when unpaid.

    

    

    2. Payment
      of Principal and Interest

    

    The
      Principal will be due and payable by the Company to the Lender in the following
      manner:

    

    
      	 	
              (a)

            	
              the
                Principal shall be paid on the Due Date, and any acceleration thereof;
                and

            

    

    

    
      	 	
              (b)

            	
              in
                the event that the Principal and Interest has been reduced by an
                exercise
                of the Conversion Option (as defined below) then the reduced Principal
                and
                Interest shall be considered paid and discharged.
                

            

    

    

    

    3. Conversion
      Terms of this Debenture

    

    The
      Lender shall have the option during the term of this Debenture, and any
      extension thereto, to convert (the "Conversion
      Option")
      the
      Principal and Interest unpaid into common shares (the "Shares”)
      of the
      Company at the following conversion rates: 

    

    
      	 	
              (a)

            	
              The
                Conversion rate should be at a rate of $0.05 US per
                Share;

            

    

    

    Fractional
      shares will not be issued on any conversion but, in lieu thereof, the Company
      will make a cash payment.

    

    The
      right
      to convert the Debenture may be exercised by the Lender by the delivery of
      a
      notice of exercise of the Conversion Option, which must be exercised in full
      as
      to any unpaid Principal as to each Debenture in this series tendered for
      conversion. Subject to regulatory delays reasonably acceptable to the Lender,
      the Shares shall be delivered within ten (10) days of notice of exercise and
      subject to the least restriction available under appropriate regulatory laws.
      

    

    

    

    4. Replacement
      of Prior Encumbrances and Release of Security

    

    It
      is
      hereby agreed and acknowledged by the Company and the Lender that this security
      shall replace and supersede any preceding agreements and contracts of security
      respecting the Principal and Interest. 

    

    Upon
      payment of the Principal (whether by payment in cash or by conversion to Shares)
      and payment of Interest, the Lender shall provide the Company, at its request,
      with all such discharges, releases and acknowledgments of payment as the Company
      may reasonably require and request to evidence such payment and to discharge
      the
      within security and any registration in respect thereto.

    

    

    TO
      HAVE AND TO HOLD
      the same
      unto the use of the Lender, and the Lender’s successors and assigns, upon and
      subject to the terms and conditions herein set forth.

    

    

    This
      Debenture is issued subject to and with the benefit of the conditions annexed
      hereto, which are to be deemed part of it.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF
      the
      Company has caused its duly authorized officer to execute these terms effective
      on the Effective Date.

    

    

    

    5
      STAR DESIGN GROUP

    

    

    Per:_______________________________

    Authorized
      Signatory

    

    

    GLOBAL
      DEVELOPMENTS INC

    

    

    

    Per:_______________________________

    Authorized
      Signatory

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