Document:

Cascade Energy, Inc. - Exhibit 10.12

THIS SECURED DEBENTURE, AND THE SECURITIES INTO WHICH IT IS
CONVERTIBLE (COLLECTIVELY, THE “SECURITIES”), HAVE NOT BEEN REGISTERED
WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE. THE SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE
HARBOR FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”). THE SECURITIES ARE “RESTRICTED”
AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE
ACT, PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM THE
REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY WILL BE PROVIDED WITH
OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO
CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT.

SECURED DEBENTURE

CASCADE ENERGY INC.

5% Secured Convertible Debenture

June 15, 2006

	No. Perosa Management S.A. -
      003 	US$1,000,000

     This Secured Debenture (the
“Debenture”) is issued on June 15, 2005 (the “Closing Date”) by
Cascade Energy Inc., a Nevada corporation (the “Company”), to Perosa
Management S.A., a Panama entity (together with its permitted successors and
assigns, the “Holder”) pursuant to exemptions from registration under the
Securities Act of 1933, as amended, and is a companion to Salifolia Invest and
Trade Inc.’s $1,000,000 Convertible Debenture and Ratan Consulting Inc.’s
$1,000,000 Convertible Debenture both due on June 15, 2006.

     Section
1     Principal and
Interest. 

     For value received, the Company
hereby promises to pay to the order of the Holder on June 15, 2006 in lawful
money of the United States of America and in immediately available funds the
principal sum of One Million Dollars (US$1,000,000.00) , together with
interest on the unpaid principal of this Debenture at the rate of five percent
(5%) per year (computed on the basis of a 365-day year and the actual days
elapsed) from the date of this Debenture until paid. At any time from the date
hereof, at the Holder’s option, the entire principal amount and all accrued
interest may be either (a) paid to the Holder, at Company’s choice, or (b)
converted, at Holder’s election, in accordance with Section 1(a) herein
provided.

	 	 a. 	 Optional Conversion. The Holder
        is entitled, at its option, to convert, and sell on the same day, at any
        time and from time to time, until payment in full of this Debenture, all
        or any part of the principal amount of the Debenture, plus accrued interest,
        into shares (the “Conversion Shares”) of the Company’s
        common stock, par value US$0.0001 per share (“Common Stock”),
        at the price per share (the “Conversion Price”) equal
        to $0.50. To convert this Debenture, the Holder hereof shall deliver
        written notice thereof, substantially in the form of Exhibit “A”
        to this Debenture, with appropriate insertions (the “Conversion
        Notice”), to the Company at its address as set forth herein.
        The date upon which the conversion shall be effective (the “Conversion
        Date”) shall be deemed to be the date set forth in the Conversion
        Notice.

	 	 	 
	 	 b. 	 Reservation of Common Stock. The
        Company shall reserve and keep available out of its authorized but un-issued
        shares of Common Stock, solely for the purpose of effecting the conversion
        of this Debenture, such number of shares of Common Stock as shall from
        time to time be sufficient to effect such conversion, based upon the $0.50
        price. If at any time the Company does not have a sufficient number of
        Conversion Shares authorized and available, then the Company shall call
        and hold a special meeting of its stockholders within thirty (30) days
        of that time for the sole purpose of increasing the number of authorized
        shares of Common Stock.

	 	 	 
	 	 c. 	 Mandatory Redemption. In the event that
        the Company shall merge into, be acquired by, or transfer a majority of
        its assets to any other company or individual buyer, then the Company
        shall, within thirty (30) days of the date the Company effects any of
        these events, redeem the entire outstanding convertible debenture at an
        amount equal to one hundred twenty percent (120%) of the amount redeemed
        plus accrued interest.

	 	 	 
	 	 d. 	 Interest Payments. The interest so payable
        will be paid at the time of maturity or conversion to the person in whose
        name this Debenture is registered. At the time such interest is payable,
        the Holder, in its sole discretion, may elect to receive the interest
        in cash (via wire transfer or certified funds) or in the form of Common
        Stock. In the event of default, as described in Article III Section 3.01
        hereunder, the Holder may elect that the interest be paid in cash (via
        wire transfer or certified funds) or in the form of Common Stock. If paid
        in the form of Common Stock, the amount of stock to be issued will be
        calculated on the $0.50. A number of shares of Common Stock with a
        value equal to the amount of interest due shall be issued. No fractional
        shares will be issued; therefore, in the event that the value of the Common
        Stock per share does not equal the total interest due, the Company will
        pay the balance in cash.

	 	e. 	 Paying Agent and Registrar. Initially,
        the Company will act as paying agent and registrar. The Company may change
        any paying agent, registrar, or Company-registrar by giving the Holder
        not less than ten (10) business days’ written notice of its election
        to do so, specifying the name, address, telephone number and facsimile
        number of the paying agent or registrar. The Company may act in any such
        capacity.

	 	 	 
	 	f. 	 Secured Nature of Debenture: Payoff
        by Production. All of the assets and property of the Company as
        set forth on Exhibit A secure this Debenture to this Debenture, in combination
        with all other Trust Debentures, on a pro-rata basis.

	 	 	 
	 	h. 	 Amendments and Waiver of Default. The
        Debenture may not be amended. Notwithstanding the above, without the consent
        of the Holder, the Debenture may be amended to cure any ambiguity, defect
        or inconsistency, or to provide for assumption of the Company obligations
        to the Holder.

     Section
2.     Events of Default.

     An Event of Default is defined as
follows: (a) failure by the Company to pay amounts due hereunder within fifteen
(15) days of the date of maturity of this Debenture; (b) failure by the
Company’s transfer agent to issue Common Stock to the Holder within five (5)
days of the Company’s receipt of the attached Notice of Conversion from Holder;
(c) failure by the Company for ten (10) days after notice to it to comply with
any of its other agreements in the Debenture; and (d) events of bankruptcy. Upon
the occurrence of an Event of Default, the Holder may, in its sole discretion,
accelerate full repayment of all debentures outstanding and accrued interest
thereon or may, notwithstanding any limitations contained in this Debenture,
convert all debentures outstanding and accrued interest thereon into shares of
Common Stock pursuant to Section 1(a) herein. 

     Section
3.     Conversion
Rights.

     Rights and Terms of
Conversion. This Debenture, in whole or in part, may be converted
at any time following the Closing Date, into shares of Common Stock at a price
equal to the Conversion Price, as defined in 1(a) above.

     Re-issuance of
Debenture. When the Holder elects to convert a part of the
Debenture, then the Company shall reissue a new Debenture in the same form as
this Debenture to reflect the new principal amount.

     Anti-dilution.
In the event that the Company shall at any time subdivide the outstanding
shares of Common Stock, or shall issue a stock dividend on the outstanding
Common Stock, the Conversion Price in effect immediately prior to such
subdivision or the issuance of such dividend shall be proportionately decreased,
and in the event that the Company shall at any time combine the outstanding
shares of Common Stock, the Conversion Price in effect immediately prior to such
combination shall be proportionately increased, effective at the close of
business on the date of such subdivision, dividend or combination as the case
may be.

     Section
4.     Miscellaneous

     Notice.
Notices regarding this Debenture shall be sent to the parties at the
following addresses, unless a party notifies the other parties, in writing, of a
change of address:

	If to the Company, to: 	Cascade Energy Inc. 
	  	13405 Folsom Blvd., Suite 820 
	  	Folsom, CA 
	  	Attention: Sam Johal 
	  	Telephone: (916) 608-9700 
	  	Facsimile: (916) 608-8747 
	  	  
	With a copy to: 	Dieterich & Associates 
	  	11300 West Olympic Boulevard, Suite 800 
	  	Los Angeles, CA 90064 
	  	Attention: Christopher Dieterich 
	  	Telephone: (310) 312-6888 
	  	Facsimile: (310) 312-6880 
	  	  
	If to the Holder: 	Perosa Management S.A. 
	  	Panama City, Panama 
	  	Attention: Dr. Gerold Hoop 
	  	Telephone: (423) 235-05-50
	  	Facsimile: (423) 235-05-51 

     Governing Law. This
Debenture shall be deemed to be made under and shall be construed in accordance
with the laws of Nevada without giving effect to the principles of conflict of
laws thereof. Each of the parties consents to the jurisdiction of the U.S.
District Court sitting in the State of Nevada in connection with any dispute
arising under this Debenture and hereby waives, to the maximum extent permitted
by law, any objection, including any objection based on forum non
conveniens to the bringing of any such proceeding in such jurisdictions.

     Severability.
The invalidity of any of the provisions of this Debenture shall not
invalidate or otherwise affect any of the other provisions of this Debenture,
which shall remain in full force and effect.

     Entire Agreement and
Amendments. This Debenture represents the entire agreement
between the parties hereto with respect to the subject matter hereof and there
are no representations, warranties or commitments, except as set forth herein.
Only an instrument in writing executed by the parties hereto may amend this
Debenture.

     Counterparts.
This Debenture may be executed in multiple counterparts, each of which shall
be an original, but all of which shall be deemed to constitute on
instrument.

     IN WITNESS WHEREOF, with
the intent to be legally bound hereby, the Company as executed this Debenture as
of the date first written above.

	 	CASCADE ENERGY INC. 
	  	  
	 	By: /s/ Chris Foster 
	 	Name: Chris Foster 
	 	Title: Secretary & Treasurer 

EXHIBIT “A”

NOTICE OF CONVERSION

(To be executed by the Holder in order to convert the Debenture)

	TO:	-

The undersigned hereby irrevocably elects to convert US$______________________
  of the principal amount of the above Debenture into Shares of Common Stock of
  Cascade Energy Inc., according to the conditions stated therein, as of the Conversion
  Date written below.

	Conversion Date: 	  
	Applicable Conversion Price 	  
	Signature: 	  
	Name: 	  
	Address: 	  
	Amount to be converted: 	US$ ________________________________
	Amount of Debenture 	  
	unconverted: 	US$ ________________________________
	Conversion Price per share: 	US$ ________________________________
	Number of shares of Common 	  
	Stock to be issued: 	-
	Please issue the shares of 	  
	Common Stock in the following 	  
	name and to the following 	  
	address: 	-
	Issue to: 	-
	Authorized Signature: 	-
	Name: 	-
	Title: 	-
	Phone Number: 	-
	Broker DTC Participant Code: 	-
	Account Number: 	-Cascade Energy, Inc. - Exhibit 10.13

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

This Agreement dated for reference the 1st day of June, 2005 (the "Effective Date").

BETWEEN:

  
     CASCADE ENERGY, INC., a Company incorporated
      under the laws of Nevada, having its business office at 11300 West Olympic
      Boulevard, Suite 800, Los Angeles CA, USA 90064;

     (the "Company")

  

AND:

  
     THE CATALYST SHAREHOLDER SERVICES COMPANY,
      a sole proprietorship under the laws of British Columbia, having its business
      office at 699 Cardero Street, Suite 2203, Vancouver, British Columbia, Canada
      V6G 3H7;

     (the "Contractor")

  

WHEREAS:

A. The common stock of the Company is currently quoted on the National Association of Securities Dealers' over-the-counter bulletin board in the United States;

B. The Company wishes to retain the Contractor to assist with its investor relations and the Contractor has agreed to assist with the investor relations of the Company in accordance with the terms of this agreement (the "Agreement");

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

 1. Appointment and Authority of the Contractor 

1.1 Appointment of the Contractor

The Company appoints the Contractor to perform the services for the benefit of the Company hereinafter set forth, and the Company authorizes the Contractor to exercise the powers provided under this Agreement. The Contractor accepts this appointment
on the terms and conditions herein set forth.

1.2 Independent Contractor

In performing the services hereunder, the Contractor shall be:

(a) An independent contractor and not an employee or agent of the Company, except that the Contractor shall be the agent of the Company solely in circumstances where the Contractor must be the agent to carry out his obligations as set forth in this
Agreement. Nothing in this Agreement shall be deemed to require the Contractor to provide his services exclusively to the Company and the 

	 Confidential 	 Page 1 	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

Contractor hereby acknowledges that the Company is not required and shall not be required to make any remittances and payments required of employers by statute on the Contractor's behalf and the Contractor shall not be entitled to the fringe
benefits provided by the Company to its employees; and

 2. Duties of the Contractor 

2.1 General

The Contractor shall:

(a) Assist with the investor relations of the Company pursuant to the terms and conditions of this Agreement;

(b) At all times, be subject to the general or specific instructions or direction of the Company and shall keep the Company informed as to all matters concerning its activities;

2.2 The Contractor's Activities

The Contractor shall:

(a) Conform to all lawful instructions and directions from time to time given to him by the officers and directors of the Company;

(b) Devote sufficient time and attention to the business and affairs of the Company to fully and properly carry out the services contemplated by this Agreement;

(c) Assist with coordinating and disseminating news and information of the Company to the public and to the shareholders of the Company;

(d) Initiate and maintain contact with brokers and brokerage houses to provide them with the news of the Company;

(e) Arrange for the attendance or representation of the Company at conferences of analysts;

(f) Subject to the control and direction of the Company, prepare corporate and product related materials for distribution to brokers, analysts, investment advisers, shareholders and the public and distribute same to brokers, analysts, investment
advisors, shareholders and the public;

(g) Do all such acts and things as may be required to foster a positive reputation of the Company and its securities in the marketplace;

(h) Notify the Company of any major inquiry, complaint or request made by the general public or any regulatory authority and deliver to the Company copies of 

	 Confidential 	 Page 2 	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

any supporting papers received in connection with such inquiry, complaint and request;

(i) Perform all other functions relating to investor awareness of the Company as directed by the Company in accordance and as limited by this Agreement;

2.3 Dissemination of Information

The Contractor:

(a) Shall not disseminate false or misleading information relating to the Company to any person;

(b) Shall disseminate news and information authorized by the Company and/or its designated officer for public release; and

(c) Shall disseminate news and information from materials received or authorized by the Company and/or its designated officer for public release.

(d) Shall, in its discretion, disseminate forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 with respect to the information received from the Company and/or its designated office
described above, with appropriate disclosure.

2.4 Authority of the Contractor

The Company hereby authorizes the Contractor, subject to the other provisions of this Agreement, to do all acts and things as the Contractor may in his discretion deem necessary or desirable to enable the Contractor to carry out his duties.

2.5 Limitations and Restrictions

The Contractor shall not be entitled to enter into any commitment, contractual or other, binding upon, or pledge the credit of, the Company without the express prior written consent of the President or the directors.

2.6 Compliance with Laws

 The Contractor agrees that it will perform the services under
  this Agreement in accordance with all applicable laws including, but not limited
  to the Securities Act of 1933 and the Securities Exchange Act of 1934,
  its rules and regulations, and the rules and policies of the NASD Stock Quotation
  Service and the NASDAQ STOCK EXCHANGE, as applicable.

	 Confidential 	 Page 3 	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

3. Company's Agreements

3.1 Compensation of the Contractor

As compensation for the services rendered by the Contractor pursuant to this agreement, the Company agrees to pay the contractor a monthly fee of US $10,000.00 such payments to commence as of the Effective Date of this agreement
and thereafter as agreed. 

3.2 The Contractor's Expenses

The Company further agrees to pay the Contractors expenses incurred pursuant to the investor relations program including mailing and courier costs, long distance and/or toll-free telephone charges, printing costs, news release costs and other
expenditures provided that the Contractor will not incur any single expenditure in excess of US $5,000.00 without obtaining the prior written consent of the Company. The Contractor agrees to provide the Company with supporting
documentation for the disbursements and expenses incurred where procurable and upon request. 

3.3 Access to Company Information

The Company shall make available to the Contractor such information and data and shall permit the Contractor to have access to such documents or premises as are necessary to enable it to perform the services provided for under this Agreement.

3.4 Indemnity

Because Contractor’s activities are directed by and approved by the Company and/or its designees, and are based on the information it receives directly from the Company and/or its designees, the Contractor shall not assume any liability or
responsibility related to said activities, or any consequences related to said activities, or their use or misuse. The Company hereby further agrees to indemnify the Contractor against any action, suit, claim or proceeding, whether civil, criminal
or administrative, and against any fine, cost, levy, expense, judgment or award arising there from (collectively a “Claim”), in which the Contractor may be involved (whether as a witness or a party) as a result of a statement made or
document distributed by the Company or Contractor on the Company’s and/or its designee's behalf, which contains any false or misleading statement or omission of material fact or which violates any statute, rule or order of any statement,
document, fact or information provided to Contractor by the Company or its designee, other than through the gross negligence of Contractor. 

4. Duration of Service

4.1 Effective Date

 This Agreement shall commence as of June 1st
  2005.

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 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

4.2 Term

This Agreement shall enure to the benefit of the parties for a period of three months commencing as of the Effective Date, and will renew automatically, on a month to month basis, subject to Section 4.3.

4.3 Termination

This Agreement may be terminated by:

(a) The Company, at any time, giving the Contractor written notice of such termination at least 30 days prior to the termination date set forth in that notice;

(b) The Contractor, at any time, giving the Company written notice of such termination at least 30 days prior to the termination date set forth in that notice;

(c) The Contractor, acting reasonably, immediately, upon the failure of the Company to pay the fee as provided for in Section 3.1 above.

4.4 Automatic Termination

If during the term of this Agreement the shares of the Company cease to be quoted, are cease traded or halted by regulatory authorities for a period of more than 30 days, this Agreement will automatically terminate without liability to either party,
subject to the option of the Company to continue this Agreement.

4.5 Compensation of the Contractor on Termination

Upon termination of this Agreement, the Contractor shall be entitled to receive as his full and sole compensation in discharge of obligations of the Company to the Contractor under this Agreement all sums due and payable under this Agreement to the
date of termination and the Contractor shall have no right to receive any further payments.

5. Confidentiality

5.1 Ownership of Work Product

 All reports, documents, concepts, products and processes together
  with any marketing schemes, business and sales contracts, and any business opportunities
  prepared, produced, developed, or acquired, by or at the direction of the Contractor,
  directly or indirectly, in connection with or otherwise developed or first reduced
  to practice by the Contractor in the performance of his obligations hereunder
  (collectively, the "Work Product") shall belong exclusively to the Contractor
  which shall be entitled, exclusively, to all right, interest, profits or benefits
  in respect thereof. 

	 Confidential 	 Page 5	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

5.2 Confidentiality

Except as authorized or required by his duties, the Contractor shall not reveal to any person any of the trade secrets, secret or confidential operations, processes or dealings, or any information concerning the organization, business, finances,
transactions or other affairs of the Company of which he becomes aware during the term of this Agreement. The Contractor shall keep secret all confidential information entrusted to him and shall not use or attempt to use this information in any
manner which might injure or cause loss, either directly or indirectly, to the Company's business. This restriction shall continue to apply after the termination of this Agreement but shall cease to apply to information, which may come into the
public domain, other than as a result of disclosure by the Contractor.

5.3 Fiduciary Obligations

Without limiting the generality of the foregoing, during the term of this Agreement, the Contractor shall not act in any manner contrary to the terms of this Agreement, or contrary to the best interests of the Company.

 6. Miscellaneous 

6.1 Severability

Each provision of this Agreement is intended to be severable. If any term or provision hereof shall be determined by a court or competent jurisdiction to be illegal or invalid for any reason whatsoever, that provision shall be severed from this
Agreement and shall not affect the validity of the remainder of this Agreement.

6.2 Waiver and Consents

No consent, approval or waiver, express or implied, by either party hereto, to or of any breach or default by the other party in the performance by the other party of its obligations hereunder shall be deemed or construed to be a consent or waiver
to or of any other breach or default in the performance by such other party of the same or any other obligations of such other party. The failure of a party to declare the other party in default, irrespective of how long such failure continues,
shall not constitute a general waiver by such party of the breach or default of the other shall not be construed to waive or limit the need for such consent or approval in any other instance.

6.3 Governing Law

This Agreement and all matters arising thereunder shall be governed by the laws of the Province of British Columbia

6.4 Successors, Etc.

 This Agreement shall enure to the benefit of and be binding
  upon each of the parties and their respective heirs and successors.

	 Confidential 	 Page 6	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

6.5 Assignment

This Agreement may not be assigned to any other party.

6.6 Entire Agreement and Modifications

This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and undertakings, whether oral or written, relative to the subject matter hereof. To be effective any modification of this Agreement must be in
writing and signed by the parties.

6.7 Notices

All notices, requests and communications required or permitted hereunder shall be in writing and shall be sufficiently given and deemed to have been received upon personal delivery or, if mailed, upon the first to occur of actual receipt or 48 hours
after being placed in the mail, postage prepaid, registered or certified mail, return receipt requested, respectively addressed to the Company or the Contractor as follows:

To the Company:

 CASCADE ENERGY, INC.

  11300 West Olympic Boulevard, Los Angeles CA, 90064 USA;

To the Contractor:

 THE CATALYST SHAREHOLDER SERVICES COMPANY

  699 Cardero Street, Suite 2203, Vancouver, British Columbia, Canada V6G3H7;

Or such other address as may be specified in writing to the other party, but notice of a change of address shall be effective only upon the actual receipt.

6.8 Time of the Essence

Time is of the essence.

6.9 Further Assurances

From time to time after the execution of this Agreement, the parties will make, do, execute or cause or permit to be made, done or executed all additional lawful acts, deeds, things, devices and assurances in law whatsoever as may be required to
carry out the true intention and to give full force and effect to this Agreement.

6.10 Counterparts

 This Agreement may be executed in several counterparts, each
  of which will be deemed to be an original and all of which will together constitute
  one instrument.

	 Confidential 	 Page 7	 10/24/2005 

 Investor Relations Agreement 

  The Catalyst Shareholder Services Company 

  & Cascade Energy, Inc.

6.11 Survival of Indemnities

The indemnities given under this Agreement will survive the termination of this Agreement.

IN WITNESS WHEREOF this Agreement has been duly executed by the parties hereto effective as of the day and year first above written.

	   CASCADE ENERGY, INC. 	 THE CATALYST SHAREHOLDER SERVICES COMPANY 
	   Per: Sam Johal	 Per: Murray Fleming, Proprietor 
	  	  
	  	  
	  	  
	  	  
	   /s/ signed 	 /s/ signed 
	   Authorized Signatory 	 Authorized
      Signatory 

	 Confidential 	 Page 8	 10/24/2005

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