Document:

Exhibit 10.4

    Exhibit
      10.4

     

    EXECUTION
      COPY

     

    AMENDMENT
      NO. 1 TO CREDIT AGREEMENT

     

    AMENDMENT
      NO. 1, dated as of May 9, 2006, to the Credit Agreement (as defined below),
      between XL CAPITAL LTD, a Cayman Islands exempted limited company, X.L. AMERICA,
      INC., a Delaware corporation, XL INSURANCE (BERMUDA) LTD, a Bermuda limited
      liability company, and XL RE LTD, a Bermuda limited liability company, the
      Lenders party thereto, and BEAR STEARNS CORPORATE LENDING INC., as
“Administrative Agent”.

     

    The
      Borrowers, the Lenders and the Administrative Agent are parties to a Five-Year
      Credit Agreement dated as of August 3, 2005 (the “Credit
      Agreement”),
      providing, subject to the terms and conditions thereof, for extensions of credit
      to be made by or on behalf of said Lenders to the Borrowers in an aggregate
      principal amount not exceeding $100,000,000. The Borrowers, the Lenders and
      the
      Administrative Agent wish to amend the Credit Agreement in certain respects
      and,
      accordingly, the parties hereto hereby agree as follows:

     

    Section
      1.
      Definitions.
      Except
      as otherwise defined in this Amendment No. 1, terms defined in the Credit
      Agreement are used herein as defined therein.

     

    Section
      2.
      Amendments.
      Effective as of the date hereof as provided in Section 5 of this Amendment
      No. 1, the Credit Agreement is hereby amended as follows:

     

    2.01.
      References in the Credit Agreement to “this Agreement” (and indirect references
      such as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be
      references to the Credit Agreement as amended hereby.

     

    2.02.
      Section 1.01 of the Credit Agreement is hereby amended by inserting the
      following definitions (or, in the case of any of the following defined terms
      that are already defined in the Credit Agreement, by amending and restating
      in
      its entirety each such term to read as set forth below) in their proper
      respective alphabetical locations:

     

    “SCA”
means
      Security Capital Assurance Ltd, a Bermuda limited liability
      company.

     

    “SCA
      IPO”
means
      the issuance or sale of common shares of SCA to the public pursuant to an
      effective registration statement filed under the Securities Act of 1933, as
      amended, in connection with an underwritten offering.

     

    “Significant
      Subsidiary”
means,
      at any time, each Subsidiary of XL Capital that, as of such time, meets the
      definition of a “significant subsidiary” under Regulation S-X of the SEC;
provided,
      however,
      that
      for purposes of this Agreement, from and after the consummation of the SCA
      IPO,
      neither SCA nor any of its Subsidiaries shall be a “Significant Subsidiary” of
      XL Capital.

     

    “Subsidiary”
means,
      with respect to any Person (the “parent”),
      at
      any date, any corporation (or similar entity) of which a majority of the shares
      of outstanding capital stock normally entitled to vote for the election of
      directors (regardless of any contingency which does or may suspend or dilute
      the
      voting rights of such capital stock) is at such time owned directly or
      indirectly by the parent or one or more subsidiaries of the parent;
      provided,
      however,
      that
      for purposes of this Agreement, from and after the consummation 

     

    
      
         

      

      
         

        
          

        

      

      
        -2-

      

    

    of
      the
      SCA IPO, neither SCA nor any of its Subsidiaries shall be a “Subsidiary” of any
      Borrower.
      Unless
      otherwise specified, “Subsidiary” means a Subsidiary of a Borrower.

     

    “XL
      Capital Group”
means
      XL Capital Group as determined from time to time by A.M. Best & Co. (or its
      successor).

     

    2.03.
      Section 6.09 of the Credit Agreement is hereby amended by inserting a new
      sentence at the end thereof to read as follows:

     

    “Notwithstanding
      anything in this Section to the contrary, from and after the SCA IPO, no
      Borrower will use the proceeds of any Loan, to support the obligations of,
      or
      otherwise for primarily the general corporate purposes of, SCA and its
      Subsidiaries”.

     

    2.04.
      Section 7.08 of the Credit Agreement is hereby amended by inserting the
      word “Group” immediately after the reference in the first line thereof to “XL
      Capital”.

     

    Section
      3.
      Waiver.
      Effective as of the date hereof as provided in Section 5 of this Amendment
      No. 1, the Lenders hereby agree that, notwithstanding anything in
      Section 7.02 of the Credit Agreement to the contrary, the issuance or sale
      of shares of SCA pursuant to the SCA IPO shall be permitted and shall not reduce
      the basket under Section 7.02(b) of the Credit Agreement available to the
      Account Parties and their respective Subsidiaries for the calendar year ending
      December 31, 2006.

     

    Section
      4.
      Representations
      and Warranties.
      Each
      Borrower hereby represents and warrants to the Administrative Agent and the
      Lenders that (i) the representations and warranties of such Borrower set
      forth in Article IV of the Credit Agreement are, on the date hereof, true
      and complete as if made on the date hereof (and after giving effect to this
      Amendment No. 1) and as if each reference in said Article IV to “this Agreement”
includes reference to this Amendment No. 1 and (ii) both immediately before
      and after giving effect to the amendments under Section 2 hereof, no Default
      has
      occurred and is continuing.

     

    Section
      5.
      Conditions
      Precedent.
      The
      amendments to the Credit Agreement set forth in Section 2 of this Amendment
      No. 1 and the waiver under Section 3 of this Amendment No. 1 shall become
      effective, as of the date hereof, upon receipt by the Administrative Agent
      of
      one or more counterparts of this Amendment No. 1 duly executed and delivered
      by
      each of the Obligors and the Required Lenders.

     

    Section
      6.
      Miscellaneous.
      Except
      as herein provided, the Credit Agreement shall remain unchanged and in full
      force and effect. This Amendment No. 1 may be executed in any number of
      counterparts, all of which taken together shall constitute one and the same
      agreement and any of the parties hereto may execute this Amendment No. 1 by
      signing any such counterpart. This Amendment No. 1 shall be governed by,
      and construed in accordance with, the laws of the State of New
      York.

     

    
      
         

      

      
         

        
          

        

      

      
        -3-

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be
      duly
      executed and delivered as of the day and year first above written.

     

    XL
      CAPITAL LTD,

     

    as
      a
      Borrower and a Guarantor

     

    By:  /s/
      Paul Dowden        

            
      Name:  Paul
      Dowden

            
      Title:    Senior
      Vice President &

                         
      Chief Risk Officer

     

    X.L.
      AMERICA, INC.,

    as
      a
      Borrower and a Guarantor

     

    By:  /s/
      Gabriel Carino        

            
      Name:  Gabriel
      Carino

            
      Title:    Senior
      Vice President &

                         
      Treasurer (XLGS)

     

    XL
      INSURANCE (BERMUDA) LTD,

    as
      a
      Borrower and a Guarantor

     

    By:  /s/
      Christopher A. Coelho    

            
      Name:  Christopher
      A. Coelho

            
      Title:    Senior
      Vice-President &

                         
      Chief Financial Officer

     

    XL
      RE
      LTD,

    as
      a
      Borrower and a Guarantor

     

    By:  /s/
      Andrew J. Turnbull    

           
      Name:  Andrew
      J.
      Turnbull

           
      Title:    Senior
      Vice President

    
      
         

      

      
         

        
          

        

      

      
        -4-

      

    

    LENDERS

    

    BEAR
      STEARNS CORPORATE LENDING, INC.,

    
      	 	 	
              individually
                and as Administrative Agent

            

    

    

    

    By: /s/
      Victor Bulzachelli        

          
      Name:  Victor Bulzachelli

          
      Title:    Vice PresidentExhibit 10.0
Form of Secured Debenture

                                SECURED DEBENTURE

Principal Amount: $150,000                           Dated: [________ ___, 2006]

         FOR VALUE RECEIVED,  ECOLOCLEAN INDUSTRIES,  INC., a Nevada corporation
(the  "Borrower"),  promises to pay to the order of CROWN  NORTHERN WAY CAPITAL,
LLC, a Missouri limited  liability company  ("Crown"),  at 540 Maryville Centre,
Suite 120, St. Louis,  Missouri  63141, or at such other place as Crown may from
time to time designate to Borrower in writing,  the principal sum of One Hundred
Fifty  Thousand  Dollars  ($150,000),  or such lesser amount as Crown shall have
advanced to the Borrower,  in lawful money of the United  States,  together with
interest, subject to the terms and condition set forth in this Secured Debenture
(the "Debenture"),  and any and all duly executed modifications,  alterations or
amendments  hereto.  Capitalized  terms  are  defined  in  Paragraph  20 of this
Debenture, unless otherwise defined in this Debenture.

1. INTEREST.  Subject to Paragraph 7 below,  interest shall accrue on the unpaid
balance due under this  Debenture  from and after the date hereof at the rate of
ten percent (10%) per annum (the  "Interest  Rate").  The Interest Rate shall be
computed on the basis of a 360-day year and the number of calendar  days elapsed
during each year.

2.  MONTHLY  INSTALLMENT  PAYMENTS.  Borrower  shall make  monthly  payments  of
principal in the amount of Twenty Five Thousand Dollars ($25,000) on each of the
four (4) and five (5) month anniversaries of the date of this Debenture (i.e. on
[__________  __, 2006, and __________ __, 2006)],  together with all accrued but
unpaid  interest due and owing under this Debenture on each such monthly payment
date.

3. TERM;  FINAL PAYMENT.  Notwithstanding  anything herein to the contrary,  and
subject to acceleration  given an Event of Default (as defined below),  the term
of this  Debenture  (the  "Term")  shall be six (6) months from the date of this
Debenture. The outstanding principal amount of this Debenture, together with all
accrued  but  unpaid  interest  then due and owing  hereunder,  shall be due and
payable at the  expiration of the Term (i.e.  ___________  ___,  2006) [insert 6
month anniversary date of issuance of this Debenture] or at such earlier time as
this Debenture is accelerated in accordance with Paragraph 7 below.

4. METHOD OF PAYMENT.  Borrower  shall make each payment  under this  Debenture,
whether pursuant to Paragraphs 2, 3 or 12 hereof,  at Crown's option,  either by
good check,  subject to collection,  or wire transfer of  immediately  available
funds to an account  designated  in writing by Crown.  All  payments  under this
Debenture shall be applied when received by Crown, first in reduction of accrued
but unpaid  interest,  then to any late or other  charge(s),  and any balance in
reduction of  principal.  If the date any payment is due is not a Business  Day,
such payment shall be due on the next Business Day.

5.  REPRESENTATIONS AND WARRANTIES.  The Borrower hereby represents and warrants
to Crown as follows:

         (a) The Borrower is a corporation duly  incorporated,  validly existing
and in good standing under the laws of the State of Nevada and has all requisite
corporate  power and  authority to carry on its business as now conducted and to
own its properties.

         (b) The  Borrower  has full  power  and  authority  and has  taken  all
requisite  action  on the part of the  Borrower,  its  officers,  directors  and
stockholders necessary for (i) the authorization,  execution and delivery of the
Agreements,  and (ii)  authorization of the performance of all of the Borrower's
obligations under the Agreements.  The Agreements  constitute  legal,  valid and
binding  obligations  of the  Borrower,  enforceable  against  the  Borrower  in
accordance  with their  respective  terms,  subject to  bankruptcy,  insolvency,
fraudulent  transfer,  reorganization,  moratorium  and similar  laws of general
applicability, relating to or affecting creditors' rights generally.

<PAGE>

         (c)  This  Debenture  and the  Warrants  have  been  duly  and  validly
authorized. Upon the due exercise of the Warrants, the shares of Borrower Common
Stock  issuable upon  exercise  thereof will be validly  issued,  fully paid and
non-assessable,  free and clear of all encumbrances and restrictions, except for
restrictions on transfer imposed by applicable securities laws. The Borrower has
reserved a  sufficient  number of shares of Borrower  Common  Stock for issuance
upon exercise of the Warrants.

         (d) The  execution,  delivery  and  performance  by the Borrower of the
Agreements and the offer,  issuance and sale of the Warrants  require no consent
of, action by or in respect of, or filing with, any Person,  governmental  body,
agency,  or  official  other than those  consents  that have been  obtained  and
post-sale filings pursuant to applicable state and federal securities laws which
the Borrower undertakes to file within the applicable time periods.

         (e) The  execution,  delivery and  performance of the Agreements by the
Borrower and the issuance and sale of this  Debenture  and the Warrants will not
conflict  with or  result  in a breach  or  violation  of any of the  terms  and
provisions  of, or  constitute a default  under (i) the  Borrower's  Articles of
Incorporation  or Bylaws,  both as in effect on the date of this  Debenture,  or
(ii)(a) any statute,  rule,  regulation or order of any  governmental  agency or
body or any court, domestic or foreign, having jurisdiction over the Borrower or
any of its properties,  or (b) any agreement or instrument to which the Borrower
is a party or by which the  Borrower is bound or to which any of the  properties
of the Borrower is subject.

         (f) The Borrower has made  available to Crown  through the EDGAR system
true and complete  copies of the  Borrower's  most recent  Annual Report on Form
10-KSB for the fiscal year ended  December 31, 2004 (the "10-K"),  and all other
reports filed by the Borrower  pursuant to the Securities  Exchange Act of 1934,
as amended (the "1934 Act"),  since the filing of the 10-K and prior to the date
of this Debenture  (collectively,  the "SEC  Filings").  The SEC Filings are the
only filings required of the Borrower  pursuant to the 1934 Act for such period.
The Borrower and its subsidiaries,  if any, are engaged in all material respects
only in the businesses  described in the SEC Filings and the SEC Filings contain
a complete and accurate  description in all material  respects of the businesses
of the Borrower and its subsidiaries, if any.

         (g) At the time of filing thereof,  the SEC Filings complied as to form
in all  material  respects  with  the  requirements  of the 1934 Act and did not
contain any untrue  statement  of a material  fact or omit to state any material
fact necessary in order to make the statements made therein, in the light of the
circumstances under which they were made, not misleading.

         (h)  Except as  disclosed  in the SEC  Filings,  there  are no  pending
actions,   suits  or  proceedings   against  or  affecting  the  Borrower,   its
subsidiaries,  if  any,  or  any  of  their  respective  properties;  and to the
Borrower's  knowledge,  no such actions,  suits or proceedings are threatened or
contemplated.

         (i) The financial statements included in each SEC Filing fairly present
the financial  position of the Borrower and its subsidiaries,  if any, as of the
dates  shown and their  results of  operations  and cash  flows for the  periods
shown,  and such  financial  statements  have been prepared in  conformity  with
United States generally accepted  accounting  principles applied on a consistent
basis. Except as set forth in the financial  statements of the Borrower included
in the SEC Filings filed prior to the date of this  Debenture,  the Borrower has
no liabilities,  contingent or otherwise,  except those which individually or in
the  aggregate  would  not  have  a  material  adverse  effect  on  the  assets,
liabilities,   results  of  operations,   condition  (financial  or  otherwise),
business, or prospects of the Borrower and its subsidiaries taken as a whole.

         (j) The Borrower has no liability or responsibility  for the payment of
any  commission  or  finder's  fee to any  third  party  in  connection  with or
resulting from the Agreements or the transactions contemplated thereby by reason
of any agreement of or action taken by the Borrower.

         (k) The net  proceeds  received  by the  Borrower  pursuant to the Loan
Letter  Agreement  shall be used for working  capital  purposes,  including  the
acquisition of certain patent rights.

<PAGE>

6. EVENTS OF DEFAULT.  The occurrence of any one or more of the following events
shall constitute an event of default (hereinafter "Event of Default") under this
Debenture:
A.       The failure of the  Borrower to make any payment due and payable  under
         this Debenture, when the same is due and payable;
B.       The  failure of the  Borrower  to perform or  observe,  in a prompt and
         timely manner, any term,  provision,  covenant or agreement  (including
         without  limitation  the failure to make any payment  when due) in this
         Debenture or the other Agreements;
C.       Any  representation  or warranty made by the Borrower in this Debenture
         or in any of the other  Agreements shall have been untrue or misleading
         in any material respect;
D.       If the  Borrower  or  any  of its  subsidiaries  files  a  petition  in
         bankruptcy or for  reorganization  under any of the provisions of title
         11,  U.S.  Code or any  similar  federal or state law for the relief of
         debtors, or if any such petition shall be filed against the Borrower or
         any of its  subsidiaries  and such  petition  is not  dismissed  within
         forth-five  (45) days,  or if the  Borrower  or any  subsidiary  of the
         Borrower  makes an assignment for the benefit or creditors or otherwise
         becomes  insolvent,  or if a  trustee,  receiver,  custodian  or  other
         fiduciary  is  appointed  with respect to the business or assets of the
         Borrower or any subsidiary of the Borrower;
E.       If  the  Borrower  or  any  subsidiary  of  the  Borrower  discontinues
         operation for any reason whatsoever;
F.       If the Borrower or any subsidiary of the Borrower  sells  substantially
         all of  its  assets  to,  merges  or  consolidates  with  or  into,  or
         participates in any joint venture or other business  combination  with,
         any entity;
G.       If the Person(s) who, on the date of this Debenture,  own fifty percent
         (50%) or more of the  capital  stock of the  Borrower,  at any time (i)
         collectively  cease to be the legal and beneficial  owners of at least,
         or (ii) sell,  transfer or dispose of any of its stock in the  Borrower
         to any third party resulting in such Person(s) collectively owning less
         than,  or (iii)  individually  or  together  participate  in any  stock
         transaction with any third party resulting in such Person  collectively
         owning  less  than,  fifty  percent  (50%) of the  voting  stock of the
         Borrower;
H.       If the  Borrower  Common  Stock  ceases to be  quoted  on the  National
         Association of Securities Dealers, Inc. OTC Bulletin Board; or
I.       If, for any or no reason,  the security  interests  granted to Crown in
         the Pledge and Security  Agreement or the Mortgage  shall be determined
         to be void,  voidable,  invalid or  unperfected  or are  ineffective to
         provide  Crown with a perfected,  security  interest in the  collateral
         covered by the Pledge and Security  Agreement or the Mortgage senior to
         all other security interests in such collateral.

7.  REMEDIES;  ACCELERATION.  If an Event of Default under  Paragraph 6(D) shall
occur,  then this Debenture shall  immediately  become due and payable,  without
notice.  Upon the occurrence of any other Event of Default,  and notwithstanding
anything to the contrary in this  Debenture  or in any of the other  Agreements,
and in  addition  to any  rights  or  remedies  available  to Crown at law or in
equity,  Crown,  in its sole and  absolute  discretion,  may  declare  the whole
principal sum with accrued  interest  (and all other amounts  payable under this
Debenture and all of the other Agreements) to be immediately due and payable. In
addition,  upon the occurrence of an Event of Default, the interest rate payable
on the indebtedness evidenced by this Debenture shall automatically be increased
to the  lesser  of  twenty  percent  (20%)  or the  maximum  rate  permitted  by
applicable law (the "Default Rate").  Exercise of any rights by Crown under this
Paragraph 7 shall not be deemed an election of remedies,  precluding the further
exercise of any rights or remedies  in  response  to or in  connection  with the
events giving rise to such exercise.

8. LATE CHARGE.  In the event that the Borrower fails to make any payment as and
when required under this Debenture, such late payment, automatically and without
notice,  shall be subject to, and the Borrower  agrees to pay, a "late  charge",
equal  to FIVE  PERCENT  (5%) of the  overdue  payment.  Acceptance  by Crown of
payment of a late charge shall in no way be  considered  an election of remedies
or waiver by Crown of its rights at law or under this Debenture,  precluding the
further  exercise of any rights or remedies in response to or in connection with
such late payment.

9. COSTS OF COLLECTION. All expenses incurred by Crown or any of its affiliates,
including  its  agents  (including,  but not  limited  to,  attorneys'  fees) in
enforcing this Debenture or in  protecting,  enforcing or foreclosing  any lien,
charge or other security  interest  granted to Crown (or its designee) to secure

<PAGE>

payment of this Debenture, whether through judicial proceedings or otherwise, or
in defending or prosecuting any actions or proceedings arising out of or related
to Crown's  transactions  with the Borrower,  shall be paid for by the Borrower,
and shall be added to the amount of this  Debenture,  with interest to accrue on
such amounts at the Default Rate set forth herein, if not paid on demand.

10. SECURED OBLIGATION. This Debenture is secured by the collateral described in
the Mortgage and the Pledge and Security  Agreement  which grants Crown  certain
rights with respect to such collateral upon an Event of Default.

11.  WAIVER OF  PRESENTMENT,  DEMAND  FOR  PAYMENT,  ETC.  The  Borrower  waives
presentment,  demand for  payment,  protest  and notice of protest and notice of
dishonor of this Debenture.

12. PREPAYMENT. The Borrower may, in its sole discretion, prepay this Debenture,
in full or in part, at any time upon three (3) days' advance  written  notice to
Crown.

13. AMENDMENT;  WAIVER.  The terms and conditions of this Debenture shall not be
amended,  changed,  terminated or waived  except by a writing,  duly executed by
Crown and the Borrower.

14.  GOVERNING  LAW. This  Debenture has been delivered in the State of New York
and is to be construed  and enforced  according to, and governed by, the laws of
the  State  of New  York  without  respect  to  otherwise  applicable  rules  or
principles of conflict of laws.

15.  BINDING  EFFECT,  AUTHORITY.  This  Debenture  shall  be  binding  upon the
Borrower,  its successors and assigns,  and shall inure to the benefit of Crown,
and its designees, successors and assigns.

16. CONSTRUCTION.  Whenever possible,  each provision of this Debenture shall be
interpreted independent of each other provision hereof, and in such manner as to
be effective and valid under  applicable  law. If any provision  hereof shall be
prohibited  by or shall  be  invalid  under  any law,  such  provision  shall be
effective to the extent  permitted by such  prohibition  or  invalidity  without
invalidating the remainder of such provision or the remaining provisions of this
Debenture.  Since the  enforcement of this  Debenture  after an Event of Default
will  require  the  attention  of Crown's  senior  management  and  consequently
distract senior management from running its business,  the harm occasioned by an
Event of Default will be both  impractical and impossible to measure or forecast
given the distraction and lost opportunities  suffered as a result of such Event
of Default,  and  therefore,  the  parties  hereto  specifically  agree that the
increase in the Interest Rate and the charges  specified in Paragraphs 7 through
9 above are not  penalties,  but freely  negotiated  and  bargained  for damages
agreed to in good faith by the parties  hereto.  The Borrower,  for itself,  its
successors and assigns,  hereby knowingly,  voluntarily and intentionally waives
any claim that,  and any right to assert any claim that,  the aforesaid  charges
and interest are unenforceable as penalties or otherwise.

17. CONSENT TO  JURISDICTION.  The Borrower  hereby  irrevocably  submits to the
jurisdiction  of the courts of the State of New York  located in New York County
and the United States  District Court for the Southern  District of New York for
the purposes of any suit,  action or other  proceeding  brought by Crown arising
out of or based upon this  Debenture,  and agrees that any such suit,  action of
other  proceeding  shall only be brought in such  courts.  THE  BORROWER  HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES AND AGREES NOT TO ASSERT, BY WAY
OF MOTION, AS A DEFENSE,  OR OTHERWISE,  IN ANY SUCH SUIT, ACTION OR PROCEEDING,
ANY CLAIM THAT  BORROWER IS NOT SUBJECT  PERSONALLY TO THE  JURISDICTION  OF THE
ABOVE-NAMED COURTS, THAT BORROWER'S PROPERTY IS EXEMPT OR IMMUNE FROM ATTACHMENT
OR EXECUTION,  THAT THE SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT
FORUM,  THAT VENUE OF THE SUIT,  ACTION OR  PROCEEDING  IS IMPROPER OR THAT THIS
DEBENTURE MAY NOT BE ENFORCED IN OR BY SUCH COURT.

18. RIGHTS,  CUMULATIVE;  FORBEARANCE.  The rights, powers and remedies given to
Crown  under  this  Debenture  shall  be in  addition  to and not in lieu of all
rights,  powers  and  remedies  given  to it by  virtue  of  any  of  the  other
Agreements,  or  otherwise  available  to Crown under the law or in equity.  Any
forbearance,  failure or delay by Crown in exercising any right, power or remedy

<PAGE>

under this Debenture or in any of the other Agreements,  or otherwise  available
to Crown shall not be deemed to be a waiver of such right,  power or remedy, nor
shall any single or partial exercise of any right,  power or remedy preclude the
further exercise thereof.

19.  WAIVER OF JURY  TRIAL.  THE  BORROWER  HEREBY  KNOWINGLY,  VOLUNTARILY  AND
INTENTIONALLY  WAIVES  ANY  RIGHT TO  REQUEST  OR TO HAVE A TRIAL BY JURY IN ANY
LITIGATION  WITH RESPECT TO THIS DEBENTURE AND REPRESENTS  THAT COUNSEL HAS BEEN
CONSULTED  SPECIFICALLY  AS TO THIS WAIVER.  By accepting this Note,  Crown also
waives its right to request a trial by jury.

20. DEFINED TERMS.  For purposes of this  Debenture,  the following  terms shall
have the meanings set forth below:

         (a) "Agreements" means this Debenture,  the Loan Letter Agreement,  the
Mortgage and the Warrants.

         (b) "Borrower  Common  Stock" means the common stock,  par value $0.001
per share, of the Borrower.

         (c) "Business Day" means any day that is not a Saturday,  a Sunday or a
day on which banks are  required or  permitted  to be closed in the State of New
York.

         (d) "Loan Letter Agreement" means that certain letter agreement,  dated
as of the date  hereof,  between  Crown and  Borrower  relating  to, among other
things,  the loan from Crown to  Borrower in the  aggregate  amount of up to One
Hundred Fifty Thousand Dollars ($150,000).

         (e)  "Mortgage"  means that certain first mortgage in favor of Crown on
the Borrower's Lafayette, Louisiana offices.

         (f) "Person" means an  individual,  corporation,  partnership,  limited
liability  company,  trust,  business trust,  association,  joint stock company,
joint venture, sole proprietorship,  unincorporated  organization,  governmental
authority or any other form of entity not specifically listed herein.

         (g) "Pledge  and  Security  Agreement"  means that  certain  Pledge and
Security Agreement,  dated as of the date hereof, between Crown and [_________],
as pledgor, pursuant to which the pledgor is pledging certain shares of Borrower
Common Stock owned by him to secure the  obligations  of the Borrower under this
Debenture. "

         IN WITNESS  WHEREOF,  the Borrower has caused this Debenture to be duly
executed and delivered as of the day and year first above written.

                                                     BORROWER:
                                                     ECOLOCLEAN INDUSTRIES, INC.

                                                     By:________________________
                                                     Name:______________________
                                                     Title:_____________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]