Document:

THE
SECURITIES REPRESENTED BY THIS DEBENTURE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR APPLICABLE
STATE SECURITIES LAWS (THE "STATE ACTS"), AND SHALL NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED
(WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER EXCEPT UPON THE ISSUANCE TO THE CORPORATION OF A FAVORABLE OPINION OF ITS COUNSEL
OR SUBMISSION TO THE CORPORATION OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL FOR THE CORPORATION, TO THE EFFECT THAT
ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE ACT AND THE STATE ACTS.

 

PETROSONIC
ENERGY, INC.

 

A Nevada Corporation

 

UNSECURED
CONVERTIBLE DEBENTURE

 

June 6, 2012

 

BEARING
MINERAL EXPLORATION, INC, a Nevada corporation (the "Corporation"), is indebted and, for value received, promises
to pay to or to the order of Westlake Advisors Corp. together with any successor thereto and any other person who becomes
a holder of this Debenture, (“Holder”), on demand but no later than June 6, 2013 (the "Due
Date"), upon presentation of this Debenture, Fifty Thousand Canadian Dollars (CDN$50,000.00) (the
"Principal Amount"). Interest shall accrue on the outstanding Principal Amount at the rate of ten percent (10%) per
annum. Interest shall be calculated on the basis of a year of three hundred sixty five (365) days applied to the actual days
on which there exists an unpaid balance under this Note.

 

The Corporation covenants,
promises and agrees as follows:

 

1.           Covenants
of the Corporation

 

The Corporation hereby
covenants and agrees with Holder that so long as any of the Principal Amount or any interest remains unpaid:

 

1.1           To
pay indebtedness. The Corporation will duly and punctually pay or cause to be paid to Holder all indebtedness due hereunder
at the dates and places, in the currencies and in the manner mentioned herein.

 

1.2           To
maintain existence. The Corporation will at all times maintain its corporate existence.

 

1.3           To
carry on its business. The Corporation will carry on its business in a proper and efficient manner, and will keep or cause
to be kept proper books of account and make or cause to be made therein true and faithful entries of all material dealings and
transactions in relation to its business and will make available or cause to be made available such books of account for inspection
by Holder and its representatives during normal business hours.

 

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1.4           To
pay taxes. The Corporation will pay or cause to be paid all taxes, rates, government fees and dues levied, assessed or imposed
upon it and upon its property or any part thereof, as and when the same become due and payable, save and except when and so long
as the validity of any such taxes, rates, fees, dues, levies, assessments or imposts is in good faith by proper legal proceedings
contested by it in which event it shall satisfy the Holder and if requested by the Holder furnish security satisfactory to the
Holder that such contestation will involve no forfeiture of any of its property and to duly observe and conform to all valid and
material requirements of any governmental authority relative to any of its property and all covenants, terms and conditions upon
or under which such property is held provided, however, that nothing herein contained shall require it to observe any such requirements
so long as it shall, in good faith, be contesting its obligation to observe such requirements.

 

1.5           Not
to Amend Articles or By-Laws. The Corporation shall not without the Holder's prior written consent, amend or restate its articles
of incorporation nor amend, repeal, replace or restate any of its by-laws or any unanimous shareholders agreement relating to it.

 

1.6           To
perform obligations and to renew. The Corporation will from time to time punctually observe and perform all material obligations
and pay and discharge all amounts payable under or by virtue of, and defend, and ensure the enforceability of any exclusive rights
to, any patent, trademark, lease, license, concession, franchise or right held by it so long as the same is of commercial value
to it and during such time will not suffer or permit any default for which any of the same may be terminated so that its interest
therein may at all times be preserved as unimpaired; provided however that nothing herein contained shall require the Corporation
to make any such payments so long as it shall in good faith contest its liability therefor.

 

1.7           Not
to Sell Assets, Issue Options, Mergers, Etc. The Corporation shall not:

 

(a)          sell,
lease or otherwise transfer the undertaking, property and assets of any of its operating divisions or subsidiaries as an entirety
or substantially as an entirety in one or more transactions, or, sell, lease or otherwise dispose of its undertaking, property
and assets as an entirety in one or more transactions;

 

(b)           issue
any equity securities of the type; or

 

(c)           amalgamate
or merge with any other corporation or effect any corporate reorganization;

 

without the prior written
consent of the Holder.

 

1.8           To
repair. The Corporation will, and will cause each of the Subsidiaries to, at all times, repair and keep in repair and good
order and condition, or cause to be so repaired and kept in repair and good order and condition, all buildings, erections, machinery,
plant and equipment used in or in connection with its business which are necessary for efficient operation up to a modern standard
of usage, and renew and replace or cause to be renewed and replaced all and any of the same which may become worn, dilapidated,
unserviceable, inconvenient, obsolete or destroyed, even by a fortuitous event, fire or other cause, and which are necessary for
efficient operation, and, at all reasonable times during normal business hours allow the Holder or its duly authorized agent access
to its premises in order to view the state and condition of the same.

 

1.9           To
insure.

 

(a)           Property
Cover - The Corporation will, and will cause each of the Subsidiaries to, insure at its own expense the assets of the Corporation
or such Subsidiary at all times during the term hereof to an amount equal to the replacement value thereof with a company or companies
that are nationally known or are approved by the Holder, against loss or damage by fire, lightning, explosion, windstorm, aircraft
or vehicles or other insurable hazards which are now or may hereafter from time to time be insured against by the terms of a standard
fire extended coverage insurance or additional perils supplemental contract of insurance including, if applicable, boiler and pressure
vessel insurance against loss or damage to property of a class or kind similar to the property and assets of the Corporation. The
Corporation shall, and will cause each of the Subsidiaries to, also maintain such other insurance policies as the Holder shall
reasonably require in connection with the Corporation and its business including, without restriction, business interruption insurance
and liability insurance.

 

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(b)           Renewal
Receipt - The Corporation shall, 15 days prior to the expiry of any insurance policy required hereby, deliver or cause to be
delivered to the Holder a renewal receipt, binder or new policy, or otherwise satisfy the Holder that such insurance has been renewed.

 

1.10         Compliance
With Laws. The Corporation shall carry on its business in compliance with all applicable laws, regulations, by-laws and orders
including, without limitation, all laws relating to environment protection, the maintenance and disposal of hazardous materials
and wastes, land use and occupational safety and health. The Corporation shall give notice to the Holder of any notice received
by it or any Subsidiary of any violation of such laws, regulations, by-laws or orders of any impending or threatened investigations
or proceedings in connection therewith or of any proceedings commenced or threatened by any other person in connection with environmental,
health or safety matters.

 

1.11         Not
to Permit Encumbrances. The Corporation shall not create or permit to exist any security interest, mortgage, charge, pledge,
lien or other encumbrance upon its assets.

 

1.12         Not
to Incur Indebtedness for Borrowed Money; Non-Equity Securities. The Corporation shall not incur, guarantee or otherwise become
liable in respect of, any indebtedness for borrowed money or issue any class of shares or other securities, subsequent to the date
hereof without the prior written consent of the Holder.

 

1.13         To
Pay Expenses. The Corporation shall pay all costs, charges and expenses (including legal fees and disbursements) of or incurred
by the Holder and Holder in connection with this Debenture, and any other security documents delivered after the date hereof to
the Holder, and all ancillary documents or the enforcement hereof and of such security.

 

1.14         Reporting
Requirements.       Corporation shall provide and deliver the following financial statements and other reports to the Holder:

 

(a)           Balance
Sheet and Income Statement. Within 60 days after the last day of each fiscal quarter of Corporation, a copy of Corporation's
consolidated balance sheet and income statement prepared by Corporation as of the end of and for such quarter and certified by
Corporation to be true and correct and to have been prepared in accordance with generally accepted accounting principles that are
consistent with those previously applied in Corporation's most recent financial statement.

 

(b)           Financial
Statements. Upon preparation, but in any event within 90 days after the last day of each fiscal year of the Corporation, the
financial statements of the Corporation as of the end of and for such fiscal year setting forth in comparative form the correspondence
figures of the financial statements showing the balance sheet, the income statement and the source and application of funds statement
as of the end of the preceding fiscal year, all in reasonable detail and certified by a firm of independent certified public accountants
acceptable to Holder.

 

(c)           Additional
Information. Such further information as may reasonably be necessary or as Holder may reasonably request to determine whether
the Corporation is complying with its obligations under this Agreement, and the security documents, or to determine the financial
condition of the Corporation.

 

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1.15         Holder
Entitled to Perform Covenants.  If the Corporation shall fail to perform any covenant on its part herein contained, the
Holder may, in its discretion, perform any such covenant capable of being performed by it and, if any such covenant requires the
payment or expenditure of money, the Holder may make payments or expenditures with its own funds, or with money borrowed by or
advanced to it for such purposes, but shall be under no obligation so to do; and all sums so expended or advanced shall be at once
payable by the Corporation on demand and shall bear interest at the annual rate of fifteen percent (15%) until paid, and shall
be payable out of any funds coming into the possession of the Holder in priority to the other indebtedness hereunder, but no such
performance or payment shall be deemed to relieve the Corporation from any default hereunder nor shall the right of the Holder
under this subsection impose any obligation upon the Holder to perform any covenant of the Corporation.

 

2.           Conversion

 

2.1           Conversion
at the Demand of the Holder. Upon and subject to the conditions contained herein, the Holder shall have the right at any time
up to and including June 6, 2013, and whether or not a Default Event has occurred, to convert all or a portion of the Principal
Amount into fully paid and non-assessable common shares of the Corporation (“Shares”) at a conversion rate equal to
the price of any aggregate financing exceeding Five Hundred Thousand US Dollars less a discount of 25% per share.

 

2.2           Registration
and Legends. This Note and the shares issuable upon conversion of this Note have not been registered under the Act. Upon conversion,
in whole or in part, of this Note, the certificates representing the shares shall bear the following legend:

 

 

THIS SECURITY
HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”) OR THE SECURITIES LAWS OF
ANY STATE AND MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED AND QUALIFIED PURSUANT TO THE APPLICABLE PROVISIONS OF FEDERAL AND STATE
SECURITIES LAWS OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION APPLIES. THEREFORE, NO SALE OR TRANSFER OF THIS
SECURITY SHALL BE MADE, NO ATTEMPTED SALE OR TRANSFER SHALL BE VALID, AND THE ISSUER SHALL NOT BE REQUIRED TO GIVE ANY EFFECT TO
ANY SUCH TRANSACTION UNLESS (A) SUCH TRANSACTION HAS BEEN DULY REGISTERED UNDER THE ACT AND QUALIFIED OR APPROVED UNDER APPROPRIATE
STATE SECURITIES LAWS, OR (B) THE ISSUER HAS FIRST RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH REGISTRATION, QUALIFICATION
OR APPROVAL IS NOT REQUIRED.

 

The Corporation undertakes
to piggyback this Note and any shares issued upon conversion of this Note into any Registration Statement it files during the term
of this Debenture.

 

2.3           Procedure
for Conversion. If the Holder desires to convert all or part of this Debenture into Shares, the Holder shall deliver a written
notice to the Corporation exercising the right to convert together with this Debenture. Upon deliver of such notice and Debenture,
the Holder shall be deemed, for all purposes, to be the holder of record of such number of fully paid and non-assessable Shares
in which this Debenture may be converted pursuant to such notice provided. The Holder shall be entitled to delivery by the Corporation
of a certificate or certificates representing such Shares promptly after the exercise of such right of conversion. The Corporation
shall also deliver to the Holder a duly endorsed Debenture to reflect partial payment if the conversion related to part of the
Principal Amount.

 

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2.4           Reservation
of Shares. So long as this Debenture is outstanding, the Corporation shall reserve and conditionally allot against the conversion
rights conferred to the Holder by this Debenture, a sufficient number of common shares of the Corporation to enable this Debenture
to be converted at the rate provided herein.

 

2.5           Anti-Dilution
Provision. The number of shares to be issued to the Holder hereunder will be adjusted proportionally in the event that the
Corporation (i) subdivides or re-divides the outstanding and issued common shares into a greater number of shares, or (ii) issue
shares or securities convertible into share to the holders of all or substantially all of the outstanding and issued shares by
way of a stock dividend. It is specifically agreed that in the event that the Corporation consolidates the outstanding and issued
common shares into a smaller number of shares, the conversion rate (as described in Section 2.1) in effect at such time shall not
be changed.

 

3.           Default

 

3.1           Default
Events. The entire unpaid and unredeemed balance of the Principal Amount and Default Interest accrued and unpaid on this Debenture
shall, at the election of the Holder, be and become immediately due and payable, and any and all other security documents held
by the Holder shall become immediately enforceable, upon the occurrence of any of the following events (a "Default Event"):

 

(a)           the
non-payment by the Corporation when due of principal and interest or of any other payment as provided in this Debenture or with
respect to any other indebtedness owed by the Corporation;

 

(b)           default
by the Corporation in the performance of or compliance with any term in any of Sections 1, or any provision of the Debenture Purchase
Agreement;

 

(c)           default
by the Corporation in the performance of or compliance with any other term or provision of this Debenture, where such default is
not remedied within thirty (30) days after the Holder gives the Corporation written notice thereof; or

 

(d)           the
Corporation (i) applies for or consents to the appointment of, or if there shall be a taking of possession by, a receiver, custodian,
trustee or liquidator for the Corporation or any of its property; (ii) becomes generally unable to pay its debts as they become
due; (iii) makes a general assignment for the benefit of creditors or becomes insolvent; (iv) files or is served with any petition
for relief under the Bankruptcy Code or any similar federal or state statute; (v) has any judgment entered against it in excess
of $100,000 in any one instance or in the aggregate during any consecutive 12 month period or has any attachment or levy made to
or against any of its property or assets; (vi) defaults with respect to any evidence of indebtedness or liability for borrowed
money, or any such indebtedness shall not be paid as and when due and payable; or (vii) has assessed or imposed against it, or
if there shall exist, any general or specific lien for any federal, state or local taxes or charges against any of its property
or assets.

 

3.2           Payment
of Prior Ranking Indebtedness. Upon the occurrence of a Default Event, in addition to (and not in substitution for, exclusive
of nor dependent on) any other remedies contained herein, or in any existing or future security document granted by the Corporation
to the Holder, and to all other remedies existing at law or in equity or by statute, the Holder, shall be permitted to make payments
to parties having prior charges or encumbrances on properties owned by the Company or on properties on which the Company may hold
charges or encumbrances, and the full amount of such payments shall be due and payable upon demand by the Holder, and shall be
added to and shall form part of the Principal Amount of this Debenture, on which interest shall accrue and be payable as hereinbefore
provided, and in respect of which the Security shall secure the due and prompt repayment thereof.

 

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3.3           Remedies
Cumulative. Each right, power or remedy of the Holder, on behalf of Holder, upon the occurrence of any Default Event as provided
for in this Debenture or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall
be in addition to every other right, power or remedy provided for in this Debenture or now or hereafter existing at law or in equity
or by statute, and the exercise or beginning of the exercise by the holder or transferee hereof of any one or more of such rights,
powers or remedies shall not preclude the simultaneous or later exercise by the Holder, on behalf of Holder, of any or all such
other rights, powers or remedies.

 

4.           General

 

4.1           Failure
to Act and Waiver. No failure or delay by Holder to insist upon the strict performance of any term of this Debenture or to
exercise any right, power or remedy consequent upon a default hereunder shall constitute a waiver of any such term or of any such
breach, or preclude the Holder from exercising any such right, power or remedy at any later time or times. By accepting payment
after the due date of any amount payable under this Debenture, the Holder shall not be deemed to waive the right either to require
payment when due of all other amounts payable under this Debenture, or to declare a default for failure to effect such payment
of any such other amount. The failure of the Holder to give notice of any failure or breach of the Corporation under this Debenture
shall not constitute a waiver of any right or remedy in respect of such continuing failure or breach or any subsequent failure
or breach.

 

4.2           Consent
to Jurisdiction. The Corporation hereby agrees and consents that any action, suit or proceeding arising out of this Debenture
may be brought in any appropriate court in the State of Nevada, including the United States District Court for the District of
Nevada, or in any other court having jurisdiction over the subject matter, all at the sole election of the Holder, and by the issuance
and execution of this Debenture the Corporation irrevocably consents to the jurisdiction of each such court.

 

4.3           Transfer.
This Debenture may only be transferred in accordance with the provisions of Section 7.4 of the Debenture Purchase Agreement and
the requirements set out in the legend on the first page hereof.

 

4.4           Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery
to the party to be notified; (ii) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day; (iii) five (5) days after having been sent by registered or certified mail, return receipt
requested, postage prepaid; or (iv) one (1) business day after deposit with a nationally recognized overnight courier, special
next day delivery, with verification of receipt. All communications shall be sent:

 

to the Corporation
at:

 

Petrosonic Energy, INC.

57 Valley Woods Way NW

Calgary, AB, T3B 6A5

Canada

 

o the Holder:

 

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or at such other address
as the Company or the Holder may designate by ten (10) days advance written notice to the other parties hereto.

 

4.5           Governing
Law. This Debenture shall be governed by and construed and enforced in accordance with the laws of the State of Nevada without
regard to conflicts of law principles, or, where applicable, the laws of the United States.

 

4.6           (a)  
Investment Intent: Authority. The Holder is acquiring the Debenture and any Shares issuable upon conversion of the Debenture
for investment for the Holder’s own account, and not as nominee or agent for investment and not with a view to or for resale
in connection with any distribution or public offering thereof within the meaning of the Securities Act. The Holder has the
full right, power, authority and capacity to enter into and perform under this Debenture and this Debenture will constitute
a valid and binding obligation upon the Holder.

 

(b)  
Registration of Debenture and Shares. The Holder understands and acknowledges that resale
of the Shares may be restricted indefinitely unless they are subsequently registered under the Securities Act and qualified under
state law or an exemption from such registration and such qualification is available.

 

(c)   
No Transfer. The Holder will not dispose of the Shares, other than in conjunction with an
effective registration statement or applicable exemption from registration under the Securities Act and other than in compliance
with the applicable state securities laws provided (a) it shall have notified the Corporation of the proposed disposition
and shall have furnished the Corporation with a statement of the circumstances surrounding the proposed disposition, and (b) if
requested by the Corporation, it shall have furnished the Corporation with an opinion of counsel satisfactory in form and substance
to the Corporation and the Corporation's counsel to the effect that (x) such disposition will not require registration under
the Securities Act and (y) appropriate action necessary for compliance with the Securities Act and any applicable state, local,
or foreign law has been taken. 

 

(d)  
Accredited Investor. The Holder represents and warrants to, and covenants with, the Corporation
that: (i) the Holder is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act
and the Holder is also knowledgeable, sophisticated and experienced in making, and is qualified to make decisions with respect
to investments in securities presenting an investment decision like that involved in the purchase of the Debenture, including investments
in securities issued by the Corporation and investments in comparable companies, and has requested, received, reviewed
and considered all information it deemed relevant in making an informed decision to purchase the Debenture; (ii) the Holder
has carefully read and fully understands the risks involved with an investment in the Corporation including, without limitation,
the risks identified in the Corporation's periodic reports filed with the SEC (the "Exchange Act Documents").

 

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(e)  
Access to Information. The Holder acknowledges that it has had access to the Exchange Act
Documents and has carefully reviewed the same. The Holder further acknowledges that the Corporation has made available
to it the opportunity to ask questions of and receive answers from the Corporation's officers and directors concerning the terms
and conditions of this Debenture and the business and financial condition of the Corporation, and the Holder has received
to its satisfaction, such information about the business and financial condition of the Corporation and the terms and conditions
of the Debenture as it has requested. The Holder has carefully considered the potential risks relating to the Corporation
and a purchase of the Debenture, and fully understands that the Debenture and Shares are speculative investments, which
involve a high degree of risk of loss of the Holder’s entire investment. Among others, the undersigned has carefully considered
each of the risks identified under the caption “Risk Factors” in the Exchange Act Documents.

 

(f)    
Foreign Matters. The Holder acknowledges, represents and agrees that no action has been
or will be taken in any jurisdiction outside the United States by the Corporation that would permit an offering of the Debenture,
or possession or distribution of offering materials in connection with the issuance of the Debenture, in any jurisdiction outside
the United States where legal action by the Corporation for that purpose is required. 

 

(g)  
Compliance with Laws. The Holder will not use any of the Shares to cover any short position
in the Common Stock of the Corporation if doing so would be in violation of applicable securities laws.

 

IN WITNESS WHEREOF,
the Corporation has caused this Debenture to be duly executed under its corporate seal.

 

	WITNESS:	 	Petrosonic Energy, Inc.
	 	 	 	 	 
	 	 	By:	/s/ Art Agolli	 
	 	 	 	Artan Agolli, President	 
	 	 	 	 	 
	 	 	 	 	 
	Print Name of Witness	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Address – Number and Street	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	City, State, Zip Code	 	 	 	 

  

    	8FORM OF CONVERTIBLE DEBENTURE

 

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.

 

PETROSONIC ENERGY, INC.

 

CONVERTIBLE DEBENTURE

 

	June 6, 2012	Cdn $200,000

 

Petrosonic Energy, Inc., a Nevada corporation
(the “Company”), for value received, promises to pay to the order of Artan Agolli. (the “Holder”),
the sum of Two Hundred Thousand Dollars ($200,000) (the “Principal”), plus 10% interest, pursuant to the terms
and conditions set forth herein. The Company and the Holder agree as follows:

 

		1.	ISSUANCE OF PRINCIPAL AND CONVERSION

 

		1.1	The unpaid Principal of this Debenture shall be due and payable by the Company on the anniversary
of the date hereof (the “Maturity Date”).

 

		1.2	The unpaid Principal of this Debenture shall be subject to a 10% interest.

 

		1.3	At any time on or before the Maturity Date (the “Conversion Date”), if the Company
or any of its subsidiaries, completes a Qualified Financing (as defined below), the Holder, at its sole discretion, may elect to
have all or part of the Principal of this Debenture, converted into common shares at a price equal to 25% discount of the price
per share at which common shares of the Company are sold in a Qualified Financing or in the case of a convertible debenture, at
25% discount of the price at which common shares may be issuable upon conversion thereof (the “Conversion Price”).

 

		1.4	In the event that the Company or any of its subsidiaries completes a financing with gross aggregate
proceeds of not less than $500,000 in any form of debt or equity financing prior to the Maturity Date, then, at the election of
the Holder by delivery of a written form of notice, the Convertible Debenture shall immediately become due and payable to the Holder.

 

    	 

    	 

    

 

		2.	CONVERSION

 

		2.1	Conversion Option

 

Subject to, and upon compliance with the
provisions of this Article 2, the Holder shall have the right, at such Holder’s option, at any time prior to the business
day immediately preceding the Maturity Date, to convert all or any part of the Principal Amount into common shares in the capital
of the Company as such shares exist at the close of business on the date of execution and delivery of this Debenture or, upon any
subdivision or consolidation of the Common Shares, the shares resulting therefrom or, upon the occurrence of a Capital Reorganization
(as defined below), the shares and/or other securities and/or property substituted for the Common Shares or into which Common Shares
are reclassified or changed (“Common Shares”) at the Conversion Price as per Article 1.3 of this agreement.

 

		2.2	Manner of Exercise of Right to Convert

 

		(a)	In order to exercise the Conversion Option, the Holder shall, within the time specified in Section 2.1,
surrender this Debenture to the Company at its principal office in the City of Calgary accompanied by a written notice (which shall
be irrevocable) in the form of the “Notice of Election to Convert” attached to this Certificate, duly signed by the
Holder or the Holder’s executors, administrators or other legal representatives or the Holder’s attorney duly appointed
by an instrument in writing in form and execution satisfactory to the Company stating:

 

		(i)	that the Holder is exercising the right to convert the Debenture into the Common Shares issued
upon the conversion of all or part of the Principal Amount pursuant to Article 2 (the “Conversion Shares”)
as provided in this Article 2 (the “Conversion Option”);

 

		(ii)	the names (with addresses) in which the Conversion Shares are to be registered and, if there is
more than one name, the number of Conversion Shares to be registered in each of such names, provided that the Holder shall only
be entitled to direct his entitlement to the Conversion Shares in a manner permitted by applicable securities legislation; and

 

		(iii)	the address or addresses to which the certificate(s) representing the Conversion Shares are to
be delivered.

 

		(b)	Upon surrender of the Debenture accompanied by the “Notice of Election to Convert”
in accordance with Section 2.2(a)(i) above, the Holder or, subject to payment of all applicable stamp taxes or security transfer taxes
and compliance with all reasonable requirements of the Company, the Holder’s nominee or assignee shall be entitled to be
entered in the books of the Company as at the Conversion Date, as defined below, as the holder of the Conversion Shares, and as
soon as practicable thereafter, the Company shall deliver to the Holder or, subject as aforesaid, its nominee or assignee, a certificate
for such Conversion Shares to the address indicated in the “Notice of Election to Convert”.

 

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		(c)	If the Holder elects to convert less than all of the Principal Amount thereon into Conversion Shares,
the Company shall forthwith deliver to the Holder a replacement Certificate in respect of the portion of the Principal Amount that
remains unconverted. Upon such conversion, the Principal Amount shall, subject to the issuance and delivery of the Conversion Shares
to which the Holder is then entitled, be deemed to have been repaid to the extent of the amount so converted, the Company shall
have no further obligations hereunder in respect of the amount so converted, and the Holder shall be entitled to be treated in
all respects as the holder of such Conversion Shares from and after the date of such conversion. Notwithstanding any such conversion,
the Company will remain obliged to repay, in accordance with the terms of this Debenture, any principal in respect of the Principal
Amount that the Holder does not elect to convert.

 

		(d)	For the purposes of this Article 2, this Debenture shall be deemed to be surrendered for conversion
on the date (the “Conversion Date”) on which it is so surrendered in accordance with the provisions of this
Article 2 and, if surrendered by mail or other means of delivery, on the date on which it is received by the Company, provided
that if this Debenture is surrendered for conversion on a day on which the register of Common Shares is closed, the Person entitled
to receive the Conversion Shares shall become the holder of record of such shares as at the date on which such register is next
reopened.

 

		(e)	Notwithstanding anything herein contained, Common Shares will only be issued and registered upon
conversion of this Debenture in compliance with the securities laws of any applicable jurisdiction and, without limiting the generality
of the foregoing, in the event that this Debenture is converted prior to the expiry of any applicable hold period under applicable
securities legislation, the certificates representing the Common Shares thereby issued will bear such legend as may, in the opinion
of counsel to the Company, be necessary in order to avoid a violation of any securities laws applicable in Canada or the United
States or to comply with the requirements of any stock exchange on which the Common Shares are listed, provided that if, at any
time, in the opinion of counsel to the Company, such legends are no longer necessary in order to avoid a violation of any such
laws, or the holder of any such legended certificate, at the holder’s expense, provides the Company with evidence satisfactory
in form and substance to the Company (which may include an opinion of counsel satisfactory to the Company) to the effect that such
holder is entitled to sell or otherwise transfer such Common Shares in a transaction in which such legends are not required, such
legended certificate may thereafter be surrendered to the Company in exchange for a certificate which does not bear such legend.

 

    	- 3 -

    	 

    

 

		2.3	Adjustment of Conversion Option

 

If, and whenever at any time after the
date hereof, and prior to the Conversion Date, there is a reclassification of the Common Shares at any time outstanding or change
of the Common Shares into other shares or into other securities, whether of the Company or of another body corporate, or other
capital reorganization, or a consolidation, amalgamation or merger of the Company with or into any other corporation or other entity
(other than a consolidation, amalgamation or merger which does not result in any reclassification of the outstanding Common Shares
or a change of the Common Shares into other shares), or a transfer of the undertaking or assets of the Company as an entirety or
substantially as an entirety to another corporation or other entity in which the holders of Common Shares are entitled to receive
shares, other securities or other property (any of such events being called a “Capital Reorganization”), the
Holder who exercises the right to convert this Debenture into the Conversion Shares after the effective date of such Capital Reorganization
will be entitled to receive, and will accept for the same aggregate consideration in lieu of the number of Conversion Shares to
which the Holder was previously entitled upon such conversion, the aggregate number of shares, other securities or other property
which the Holder would have been entitled to receive as a result of such Capital Reorganization if, on the effective date thereof,
the Holder had been the registered holder of the number of Conversion Shares into which this Debenture was convertible immediately
prior to such Capital Reorganization. The Company will take all steps necessary to ensure that, on a Capital Reorganization, the
Holder will, if it exercises the Conversion Option, receive the aggregate number of shares, other securities or other property
to which it is entitled as a result of the Capital Reorganization.

 

		2.4	Rules Regarding Calculation of Conversion Option Adjustments

 

If, within five days of receipt of an Adjustment
Notice, a Holder notifies the Company in writing that it disputes the content of the Adjustment Notice, or if at any time a dispute
is made by a shareholder or other creditor of the Company with respect to adjustments provided for in Section 2.3, such dispute
will be conclusively determined by a firm of independent chartered accountants selected by the Holder. Such auditors or accountants
will be given access to all necessary records of the Company.

 

		2.5	Notice as to Adjustment

 

The Company shall from time to time, immediately
after the occurrence of any event which requires an adjustment or readjustment as provided in Section 2.3, deliver a notice
in writing (an “Adjustment Notice”) to the Holder specifying the nature of the event requiring the adjustment
and the amount of the adjustment or readjustment necessitated thereby and setting forth in reasonable detail the method of calculation
and the facts upon which such calculation is based. Such notice and the amount of the adjustment specified therein shall, subject
to the provisions of Section 2.4, be conclusive and binding on all parties in interest.

 

		2.6	No Requirement to Issue Fractional Shares

 

The Company shall not be required to issue
fractional Common Shares upon the conversion of this Debenture. If any fractional interest in a Common Share would, except for
the provisions of this section, be deliverable upon the conversion of this Debenture, the Company may, at its sole option, in lieu
of delivering any certificate representing such fractional interest, satisfy such fractional interest by paying to the Holder an
amount in lawful money of the United States equal (to the nearest amount) to the corresponding fraction of the value of a Common
Share on the Conversion Date, determined by the directors of the Company acting in good faith which determination shall be conclusive,
provided that the Company shall not be required to make any payment, calculated as aforesaid, that is less than $10.00.

 

    	- 4 -

    	 

    

 

		2.7	Company to Reserve Shares

 

The Company shall at all times while this
Debenture remains outstanding reserve and keep available out of its authorized but unissued Common Shares solely for the purpose
of issue upon conversion of this Debenture as provided in this Article 2, and conditionally allot to the Holder who may exercise
its conversion rights hereunder, such number of the Conversion Shares as shall then be issuable upon the conversion of this Debenture.
All Conversion Shares, when issued, shall be duly and validly issued as fully paid and non-assessable.

 

		3.	REPRESENTATIONS AND ACKNOWLEDGMENTS OF THE HOLDER

 

The Holder hereby represents, warrants,
acknowledges and agrees that:

 

		3.1	Investment

 

The Holder is acquiring this Debenture
and the Common Shares issuable upon conversion of this Debenture (together, the “Securities”) for the Holder’s
own account, and not directly or indirectly for the account of any other person. The Holder is acquiring the Securities for investment
and not with a view to distribution or resale thereof except in compliance with Securities Act of 1933 (the “Act”)
and any applicable state law regulating securities.

 

		3.2	Access to Information

 

The Holder has had the opportunity to ask
questions of, and to receive answers from, appropriate executive officers of the Company with respect to the terms and conditions
of the transactions contemplated hereby and with respect to the business, affairs, financial condition and results of operations
of the Company. The Holder has had access to such financial and other information as is necessary in order for the Holder to make
a fully informed decision as to investment in the Company, and has had the opportunity to obtain any additional information necessary
to verify any of such information to which the Holder has had access.

 

		3.3	Investor Status

 

The Holder is an “accredited investor”
within the meaning of Regulation D of the rules and regulations promulgated under the Act and has such business or financial
expertise as to be able to protect the Holder’s own interests in connection with the purchase of the Securities, or is a
non-“U.S. Person” as defined in Regulation S of the Act.

 

		3.4	Regulation S

 

For purposes of compliance with the Regulation S,
if the Holder is not a “U.S. Person,” as such term is defined in Rule 902(k) of Regulation S,1
the Holder represents and warrants they are a person or entity that is outside the United States, and further represents and warrants
as follows:

 

 

		1	Regulation S provides in part as follows:

 

		1.	“U.S. person” means: (i) any natural person resident in the United States; (ii)
any partnership or corporation organized or incorporated under the laws of the United States; (iii) any estate of which any executor
or administrator is a U.S. person; (iv) any trust of which any trustee is a U.S. person; (v) any agency or branch of a foreign
entity located in the United States; (vi) any non-discretionary account or similar account (other than an estate or trust) held
by a dealer or other fiduciary for the benefit or account of a U.S. person; (vii) any discretionary account or similar account
(other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in
the United States; and (viii) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction;
and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act
of 1933, as amended, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a))
who are not natural persons, estates or trusts.

 

		2.	The following are not “U.S. persons”: (i) any discretionary account or similar
account (other than an estate or trust) held for the benefit or account of a non-U.S. person by a dealer or other professional
fiduciary organized, incorporated, or (if an individual) resident in the United States; (ii) any estate of which any professional
fiduciary acting as executor or administrator is a U.S. person if: (A) an executor or administrator of the estate who is not a
U.S. person has sole or shared investment discretion with respect to the assets of the estate; and (B) the estate is governed by
foreign law; (iii) any trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a
U.S. person has sole or shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no
settlor if the trust is revocable) is a U.S. person; (iv) an employee benefit plan established and administered in accordance with
the law of a country other than the United States and customary practices and documentation of such country; (v) any agency or
branch of a U.S. person located outside the United States if: (A) the agency or branch operates for valid business reasons; and
(B) the agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking
regulation, respectively, in the jurisdiction where located; and (vi) the International Monetary Fund, the International Bank for
Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank,
the United Nations, and their agencies, affiliates and pension plans, and any other similar international organizations, their
agencies, affiliates and pension plans.

 

    	- 5 -

    	 

    

 

		(a)	The Holder is not acquiring the Securities for the account or benefit of a U.S. Person.

 

		(b)	If the Holder is a legal entity, it has not been formed specifically for the purpose of investing
in the Company.

 

		(c)	The Holder hereby represents that he, she or it has satisfied and fully observed the laws of the
jurisdiction in which he, she or it is located or domiciled, in connection with the acquisition of the Securities, including (i)
the legal requirements of the Holder’s jurisdiction for the acquisition of the Securities, (ii) any foreign exchange restrictions
applicable to such acquisition, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax
and other tax consequences, if any, which may be relevant to the holding, redemption, sale, or transfer of the Securities; and
further, the Holder agrees to continue to comply with such laws as long as he, she or it shall hold the Securities.

 

    	- 6 -

    	 

    

 

		(d)	To the knowledge of the Holder, without having made any independent investigation, neither the
Company nor any person acting for the Company, has conducted any “directed selling efforts” in the United States as
the term “directed selling efforts” is defined in Rule 902 of Regulation S, which, in general, means any activity undertaken
for the purpose of, or that could reasonably be expected to have the effect of, conditioning the marketing in the United States
for any of the Securities being offered. Such activity includes, without limitation, the mailing of printed material to investors
residing in the United States, the holding of promotional seminars in the United States, and the placement of advertisements with
radio or television stations broadcasting in the United States or in publications with a general circulation in the United States,
which discuss the offering of the Securities. To the knowledge of the Holder, the Securities were not offered to the undersigned
through, and the undersigned is not aware of, any form of general solicitation or general advertising, including without limitation,
(i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast
over television or radio, and (ii) any seminar or meeting whose attendees have been invited by any general solicitation or general
advertising.

 

		(e)	The Holder will offer, sell or otherwise transfer the Securities, only (A) pursuant to a registration
statement that has been declared effective under the Act, (B) pursuant to offers and sales that occur outside the United States
within the meaning of Regulation S in a transaction meeting the requirements of Rule 904 (or other applicable Rule) under
the Act, or (C) pursuant to another available exemption from the registration requirements of the Act, subject to the Company’s
right prior to any offer, sale or transfer pursuant to clauses (B) or (C) to require the delivery of an opinion of counsel, certificates
or other information reasonably satisfactory to the Company for the purpose of determining the availability of an exemption.

 

		(f)	The Holder will not engage in hedging transactions involving the Securities unless such transactions
are in compliance with the Act.

 

		(g)	The Holder represents and warrants that the undersigned is not a citizen of the United States and
is not, and has no present intention of becoming, a resident of the United States (defined as being any natural person physically
present within the United States for at least 183 days in a 12-month consecutive period or any entity who maintained an office
in the United States at any time during a 12-month consecutive period). The Holder understands that the Company may rely upon the
representations and warranty of this paragraph as a basis for an exemption from registration of the Securities under the Act, as
amended, and the provisions of relevant state securities laws.

 

		3.5	Speculative Investment

 

The Holder’s investment in the Company
represented by the Securities is highly speculative in nature and is subject to a high degree of risk of loss in whole or in part;
the amount of such investment is within the Holder’s risk capital means and is not so great in relation to the Holder’s
total financial resources as would jeopardize the financial condition of the Holder in the event such investment were lost in whole
or in part.

 

    	- 7 -

    	 

    

 

		3.6	Unregistered Securities

 

		(a)	If the Holder converts the Convertible Debenture, the Holder must bear the economic risk of investment
for an indefinite period of time because the Securities have not been registered under the Act and therefore cannot and will not
be sold unless they are subsequently registered under the Act or an exemption from such registration is available. The Company
has made no representations, warranties or covenants whatsoever as to whether any exemption from the Act, including, without limitation,
any exemption for limited sales in routine brokers’ transactions pursuant to Rule 144 under the Act will become available.

 

		(b)	Transfer of the Securities has not been registered or qualified under any applicable state law
regulating securities and therefore the Securities cannot and will not be sold unless they are subsequently registered or qualified
under any such state law or an exemption therefrom is available. The Company has made no representations, warranties or covenants
whatsoever as to whether any exemption from any such state law is or will become available.

 

		4.	SECURITY INTEREST

 

		4.1	Collateral

 

		(a)	The full amount of this Debenture is secured by the Collateral. As used in this Debenture, the
term “Collateral” means any and all personal property of the Company or any of its affiliates, in each case
whether now owned by the Company or hereafter acquired, and all proceeds and products thereof and all accessions to, substitutions
and replacements for, and rents and profits of each of the foregoing.

 

		(b)	Holder is hereby authorized to file one of more UCC-1 Financing Statements with the Secretary of
State of the State of Nevada evidencing and providing notice of the security interest granted pursuant to this Debenture in the
Collateral.

 

		(c)	Upon the full and final discharge of all amounts owed by the Company to the Secured Party under
this Debenture (the “Indebtedness”), the Holder will execute and deliver such documents as may be reasonably
necessary and requested by the Company to release the Collateral from the security interest granted to the Holder in this Debenture.

 

		(d)	When all the Indebtedness has been paid in full and discharged, this Debenture and the security
interest granted to the Holder hereunder will terminate and a UCC-3 Termination Statement shall be filed by Holder to indicate
the termination of the security interest created hereby.

 

    	- 8 -

    	 

    

 

		4.2	Representations and Warranties of the Company

 

The Company hereby represents and warrants
to the Holder that the statements contained in the following paragraphs of this Section 4.2 are all true and correct immediately
prior to the execution of this Debenture.

 

		(a)	The Company owns all right, title and interest in and to the Collateral, except with respect to
Collateral hereafter acquired.

 

		(b)	The Company has the right to grant the security interest under this Debenture to Holder in the
Collateral.

 

		(c)	Company is not subject to any bankruptcy case or insolvency proceedings before any court in any
jurisdiction. In the ninety (90) days preceding the date of this Debenture, the Company has not received any threat from any third
party to subject the Company to any involuntary bankruptcy or insolvency proceeding. The Securities issuable upon conversion of
the Debenture will be issued as fully paid and non-assessable Common Shares of the Company.

 

		4.3	Rights and Remedies Upon Event of Default

 

		(a)	Default. Holder may declare the entire unpaid principal on this Debenture immediately due
and payable, by a notice in writing to the Company if the Company defaults in the payment or conversion of the Principal when due
(a “Default”).

 

		(b)	General Remedies. In the event of an occurrence of a Default, in addition to exercising
any other rights or remedies the Holder may have under this Debenture, at law or in equity, the Holder may, at its option, and
without demand first made, exercise any one or all of the following rights and remedies: (i) collect the Collateral and its proceeds;
(ii) take possession of the Collateral wherever it may be found, using all reasonable means to do so, or require the Company to
assemble the Collateral and make it available to the Holder at a place designated by the Holder that is reasonably convenient to
the Company; (iii) proceed with the foreclosure of the security interest in the Collateral granted herein and the sale or endorsement
and collection of the proceeds of the Collateral in any manner permitted by law or provided for herein; (iv) sell, lease or otherwise
dispose of the Collateral at public or private sale, with or without having the Collateral at the place of sale; (v) institute
a suit or other action against the Company for recovery on this Debenture or to obtain possession or effect a sale of the Collateral;
(vi) exercise any rights and remedies of a Company under the Uniform Commercial Code; and/or (vii) offset, against any payment
due from the Company to the Holder, the whole or any part of any Indebtedness of the Holder to the Company.

 

    	- 9 -

    	 

    

 

		(c)	Sales of Collateral. If a Default occurs and so long as it is continuing, any item of Collateral
may be sold for cash or other value at public or private sale or other disposition and the proceeds thereof collected by or for
the Holder as provided in the Uniform Commercial Code or under other applicable law. The Company agrees to promptly execute and
deliver, or promptly cause to be executed and delivered, such instruments, documents, assignments, waivers, certificates and affidavits
and supply or cause to be supplied such further information and take such further action as the Holder may reasonably require in
connection with any such sale or disposition. The Holder will have the right upon any such public sale or sales, and, to the extent
permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any
right or equity of redemption in the Company, which right or equity is hereby waived or released to the extent permitted by applicable
law.

 

		(d)	Application of Proceeds. The proceeds of all sales and collections in respect of the Collateral,
the application of which is not otherwise specifically herein provided for, will be applied as follows: (i) first, to the payment
of the costs and expenses of such sale or sales and collections and the actual attorneys’ fees and out-of-pocket expenses
incurred by the Holder relating to costs of collection; (ii) second, any surplus then remaining will be applied to the payment
of all unpaid principal under this Debenture; and (iii) third, any surplus then remaining will be paid to the Company.

 

		5.	PREPAYMENT

 

The unpaid Principal may be prepaid by
the Company in whole or in part at any time prior to the Maturity Date without notice to the Holder and without penalty.

 

		6.	SUBORDINATION

 

		(a)	The indebtedness evidenced by this Debenture shall be subordinate and subject in right of payment
to the prior payment in full of all Senior Indebtedness of the Company, as hereinafter defined, whether now outstanding or hereafter
incurred, and the Holder, by acceptance hereof, agrees to and shall be bound by the provisions of this Article 6. As used
in this Debenture, the term “Senior Indebtedness” shall mean the principal and interest on secured indebtedness
of the Company, outstanding as of the date hereof, for money borrowed or guaranteed, as evidenced by notes or similar instruments,
including convertible financings, unless, in each case, by the terms of the instrument creating or evidencing such indebtedness,
it is provided that such indebtedness is not superior in the right of payment to this Debenture.

 

		(b)	Upon any payment or distribution of the assets of the Company of any kind or character, whether
in cash, property or securities, to creditors upon any dissolution or winding up or total or partial liquidation or reorganization
of the Company, whether voluntary or involuntary, or in bankruptcy, insolvency, receivership or other proceedings, all principal
and interest due upon all Senior Indebtedness shall first be paid in full, or payment thereof provided for, before the holder of
this Debenture shall be entitled to be paid in cash or receive any assets.

 

    	- 10 -

    	 

    

 

		7.	MISCELLANEOUS

 

		7.1	Waiver and Amendment

 

Any provision of this Debenture may be
amended, waived or modified only upon the written consent of the Company and the Holder.

 

		7.2	Restrictions on Transfer

 

This Debenture may only be transferred
in compliance with applicable state and federal laws. All rights and obligations of the Company and the Holder will be binding
upon and benefit the successors, assigns, heirs, and administrators of the parties.

 

		7.3	Governing Law

 

This Debenture will be governed by the
laws of the State of Nevada applicable to contracts between Nevada residents wholly to be performed in Nevada.

 

		7.4	Headings

 

The division of this Debenture into section,
subsections, and clauses, and the insertion of headings are for the convenience of reference only and shall not affect the construction
or interpretation hereof.

 

		7.5	Business Day

 

In the event that any day on or before
which any action is required to be taken hereunder is not a business day, then such action shall be required to be taken on or
before the requisite time on the next succeeding day that is a business day.

 

		7.6	Invalidity of Provisions

 

Each of the provisions contained in this
Debenture is distinct and severable and a declaration of invalidity or unenforceability of any such provision by a court of competent
jurisdiction shall not affect the validity or enforceability of any other provision hereof or thereof..

 

[Remainder of Page Intentionally Blank
- Signature Page Follows]

 

    	- 11 -

    	 

    

 

IN WITNESS WHEREOF, the Company
has caused this Debenture to be issued as of the date first above written.

 

	 	PETROSONIC ENERGY, INC.
	 	 
	 	Per:	/s/ Art Agolli
	 	 	Name:
	 	 	Title:      President

 

Agreed and Accepted by the Holder:

 

	Artan Agolli	 
	 	 	 
	Per:	/s/ Art Agolli	 
	 	Title:      Authorized Director	 

 

    	- 12 -

    	 

    

 

NOTICE OF ELECTION TO CONVERT

 

TO:    PETROSONIC
ENERGY, INC.

 

Principal amount to be converted ___________
US$

 

The undersigned registered holder of the
within Debenture hereby irrevocably elects to convert the above-noted principal amount of such Debenture into common shares (“Common
Shares”) of Petrosonic Energy, Inc. in accordance with the provisions of the within-mentioned Debenture and hereby delivers
this Debenture to the Company for such purpose and directs that the certificate for such Common Shares be registered and delivered
as follows:

 

	Name in Full	Address	Address for Delivery	Number of

Common Shares
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

(Please print full name in which share
certificates are to be issued. If any Common Shares are to be issued to a person or persons other than the Debentureholder, the
Debentureholder must pay to the Company all exigible transfer taxes or other government charges.)

 

The undersigned certifies that each
of the representations and warranties made by the undersigned to the Company in connection with the undersigned’s acquisition
of the Debenture remains true and correct on the date hereof.

 

DATED:

	 	 	 
	 	 	(Print name of Debentureholder)

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