SEC Contract Filing

Filing Date: 2015-05-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>17
<FILENAME>ex10-15.htm
<DESCRIPTION>EXHIBIT 10.15
<TEXT>
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<P STYLE="margin: 0; padding: 0; font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: right">EXHIBIT 10.15</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>NEITHER
THIS DEBENTURE NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;<U>SECURITIES ACT</U>&rdquo;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-weight: normal; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-style: normal"><B>WESTPORT
ENERGY HOLDINGS INC.</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-variant: small-caps">Secured
Convertible Debenture</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>Principal Amount: $100,000</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: left"><B>Debenture Issuance Date: August 20, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: left"><B>Debenture Number: CICS-25</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 1in"><B>FOR VALUE RECEIVED,</B>
WESTPORT ENERGY HOLDINGS INC., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), hereby promises to pay to the order of
YA Global Investments, L.P., a Cayman Islands exempt limited partnership, or its registered assigns (the &ldquo;<U>Holder</U>&rdquo;)
the amount set out above as the Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion or
otherwise, the &ldquo;<U>Principal</U>&rdquo;) when due, whether upon the Maturity Date (as defined below), acceleration, redemption
or otherwise (in each case in accordance with the terms hereof) and to pay interest (&ldquo;<U>Interest</U>&rdquo;) on any outstanding
Principal at the applicable Interest Rate from the date set out above as the Debenture Issuance Date (the &ldquo;<U>Issuance Date</U>&rdquo;)
until the same becomes due and payable, whether upon an Interest Date (as defined below), the Maturity Date or acceleration, conversion,
redemption or otherwise (in each case in accordance with the terms hereof). This Secured Convertible Debenture (including all debentures
issued in exchange, transfer or replacement hereof, this &ldquo;<U>Debenture</U>&rdquo;) is issued pursuant to the Securities Purchase
Agreement dated August 17, 2010, as supplement by the agreements dated May 25, 2011, December 6, 2011, May 31, 2012, August 13,
2012, August 29, 2012, October 1, 2012, November 6, 2012, December 1, 2012, January 15, 2013, February 12, 2013, March 21, 2013,
May 14, 2013, June 1, 2013, June 14, 2013, July 11, 2013 and August 19, 2013 (collectively, the &ldquo;<U>Securities Purchase Agreement</U>&rdquo;)
between the Holder and the Company. Certain capitalized terms used herein are defined in Section 17.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 1in">(1) <U>GENERAL TERMS</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; padding: 0; text-align: justify; text-indent: 1.5in">(a) <U>Payment of Principal</U>.
On the Maturity Date, the Company shall pay to the Holder an amount in cash representing all outstanding Principal, acc