Document:

Agreement-5 Star Design Group

    
      THE
        STUDIO ZONE INC.

      

      

      ______________________________________

      

      

      

      CONVERTIBLE
        DEBENTURE

      (the
        “Debenture")

      

      

      

      
        	
                PRINCIPAL:

              	
                $250,000
                  (U.S.)

              
	 	 
	
                INTEREST:

              	
                6%
                  Per Annum

              
	 	 
	
                DUE
                  DATE:

              	
                September
                  14, 2008

              
	 	 
	
                ISSUE
                  DATE:

              	
                September
                  15, 2005

              
	 	 
	
                LENDER:

              	
                GLOBAL
                  DEVELOPMENTS INC. 

              
	 	 
	
                LENDER
                  ADDRESS:

              	
                Suite
                  510 - 999 West Hastings 

              
	 	
                Vancouver,
                  BC

              
	 	
                V6C
                  2W2

              

      

      

      

      

      WITH
        THE TERMS AS FOLLOWS:

      

      

      FOR
        VALUE RECEIVED,
        THE
        STUDIO ZONE INC.
        (the
“Company”),
        HEREBY
        ACKNOWLEDGES ITSELF INDEBTED TO THE
        AFORESTATED LENDER
        (the
“Lender”),
        AND
        THE COMPANY PROMISES TO PAY TO THE LENDER, in
        the
        manner and at the times set forth herein in accordance with the stated terms,
        the aggregate
        Principal
        (the
“Principal”,
        also
        called the "Loan")
        sum of
($250,000
        U.S.) and Interest, and other costs as set forth herein, in
        lawful
        money of the United States of America.

       

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

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

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

      

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

      

      1. Interest

      

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

      

      

      2. Payment
        of Principal and Interest

      

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

      

      
        	 	
                (a)

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

              

      

      

      
        	 	
                (b)

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

              

      

      

      

      3. Conversion
        Terms of this Debenture

      

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

      

      
        	 	
                (a)

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

              

      

      

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

      

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

      

      

      

      4. Replacement
        of Prior Encumbrances and Release of Security

      

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

      

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

      

      

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

      

      

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

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

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

      

      

      

      THE
        STUDIO ZONE INC.

      

      

      Per:_________________________________

      Authorized
        Signatory

      

      

      GLOBAL
        DEVELOPMENTS INC

      

      

      

      Per:__________________________________

      Authorized
        SignatoryAgreement -Eneco Industries

    CONFIDENTIAL

    TERM
      SHEET

    

    
      	 	 
	
              Borrower:

            	
              UBA
                Technology.

            
	 	 
	
              Lender:

            	
              Global
                Developments Inc.

            
	 	 
	
              Structure:

            	
              Loan
                (“Loan”)

            
	 	 
	
              Principal:

            	
              $100,000
                USD.

            
	 	 
	
              Period:

            	
              1
                year

            
	 	 
	
              Interest:

            	
              8%

            
	 	 
	
              Issue
                Date:

            	
              June
                7, 2006

            
	
               

            	 
	
              Terms:

            	
              At
                the end of the period from the date of issue, UBA Technology agrees
                to pay
                back the principle plus interest to the Lender.

            
	 	 
	
              Confidentiality:

            	
              The
                parties agree to keep this term sheet and its contents confidential
                and
                not to distribute it to, or discuss it with, any third party (other
                than
                the parties’ legal and financial advisors, who shall be informed of the
                confidential nature of this document) without the prior express written
                consent of the parties.

            

    

    

    

    

    The
      undersigned parties hereby represent and warrant that this term sheet has been
      duly authorized, executed and delivered.

     

    
      	By
              UBA Technology:  	 	 	 By
              Global Development:
	 	 	 	 
	/s/ 	 	 	/s/ 
	
              
Authorized
              Signatory	 	 	
              
Authorized
              SignatoryAgreement-Seer Sign and Graphics

    DECLARATION
      OF ASSIGNMENT

    

    

    

    KNOW
      ALL MEN BY THESE PRESENTS AND TO DIAMOND INTERNATIONAL INVESTMENTS. AND GLOBAL
      DEVELOPMENT INC.

    

    

    THAT,
      Diamond International Investments., being owners ( “Owners”) of the following
      assets (the “Assets”) issued as follows:

    

    
      	
              Asset
                Registered Name

            	
              Issue
                Date

            	
              Principal
                Amount

            
	
              Eneco
                Industries Inc.,

            	
              March
                30, 2006

            	
              $185,750

            

    

    

    

    

    do
      hereby
      declare to the foregoing persons, and on which declaration the forgoing and
      any
      subsequent assignee of the Assets, may rely, that the Owners, for adequate
      consideration have assigned absolutely and free and clear of any encumbrances
      or
      claims all interest in the above mentioned Assets to Global Development Inc.,
      which has full and absolute right to deal with the Assets in all respects as
      owner and sole possessor of all title without further reference or
      accountability to the Owners.

    

    IN
      WITNESS WHEREOF,
      the
      Owners have executed effective the 30th day of March, 2006.

    

    

    DIAMOND
      INTERNATIONAL INVESTMENTS.

    

     

    Per:________________________________
      

    Authorized
      Signatory

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