AMENDMENT NUMBER 1 TO CONVERTIBLE DEBENTURE
Exhibit
10.2
AMENDMENT
NUMBER 1 TO
CONVERTIBLE
DEBENTURE
THIS
AMENDMENT AGREEMENT (the
“Amendment”) is
entered into as of January 14, 2008, between TRIANGLE
PETROLEUM CORPORATION., a
corporation organized and existing under the laws of the State of Nevada (the
“Company”),
and
CENTRUM
BANK AG (the
“Investor”).
WHEREAS,
the
Investor is the registered holder of a convertible debenture with a Maturity
Date of [ ], in the initial principal
amount of $2,500,000 (the “Debenture”); and
WHEREAS,
the
parties wish to amend the Maturity Date, as such term is defined in the
Debenture.
NOW,
THEREFORE,
it is
agreed:
I. Amendments.
The
Maturity Date of the Debenture is hereby amended to June 1, 2009.
II. Miscellaneous.
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A.
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Except
as provided hereinabove, all of the terms and conditions contained
in the
Debenture shall remain unchanged and in full force and
effect.
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B.
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All
capitalized but not defined terms used herein shall have those meanings
ascribed to them in the Agreement.
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| D. | All provisions in the Debenture and any amendments, schedules or exhibits thereto in conflict with this Amendment shall be and hereby are changed to conform to this Amendment. |
[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK]
IN
WITNESS WHEREOF,
the
parties hereto have caused this Amendment to be executed by the undersigned,
thereunto duly authorized, as of the date first set forth above.
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COMPANY:
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TRIANGLE
PETROLEUM CORPORATION
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By: ________________________
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Name ▇▇▇▇
▇▇▇▇▇▇▇▇▇
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Title: President
& CEO
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CENTRUM
BANK AG
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By: ________________________
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Name
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Title:
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