CONVERTIBLE DEBENTURES	3 Months Ended
Aug. 31, 2012
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES	4. CONVERTIBLE DEBENTURES a) On May 18, 2012 our company issued a convertible debenture in the amount of $125,000. The convertible debenture is unsecured, bears interest at 10% per annum, is due on May 18, 2014 and is convertible at the holder's discretion into shares of our company's common stock at $0.007 per split-adjusted share. As of August 31, 2012, $3,630 (May 31, 2012 - $nil) was included in accrued interest. b) On July 10, 2012 our company issued a convertible debenture in the amount of $100,000. The convertible debenture is unsecured, bears interest at 10% per annum, is due on July 10, 2014 and is convertible at the holder's discretion into shares of our company's common stock at $0.10 per split-adjusted share. As of August 31, 2012, $1,425 (May 31, 2012 - $nil) was included in accrued interest. In accordance with ASC 470-20, "Debt with Conversion and Other Options", our company recognized the intrinsic value of the embedded beneficial conversion feature of $44,000 as additional paid-in capital and an equivalent discount which will be charged to interest expense over the term of the convertible note up to its face value of $100,000 using the effective interest method with an effective interest rate of 57.67%.

CONVERTIBLE DEBENTURES

3 Months Ended

Aug. 31, 2012

4. CONVERTIBLE DEBENTURES

a) On May 18, 2012 our company issued a convertible debenture in the amount of

$125,000. The convertible debenture is unsecured, bears interest at 10% per

annum, is due on May 18, 2014 and is convertible at the holder's discretion into

shares of our company's common stock at $0.007 per split-adjusted share. As of

August 31, 2012, $3,630 (May 31, 2012 - $nil) was included in accrued interest.

b) On July 10, 2012 our company issued a convertible debenture in the amount of

$100,000. The convertible debenture is unsecured, bears interest at 10% per

annum, is due on July 10, 2014 and is convertible at the holder's discretion

into shares of our company's common stock at $0.10 per split-adjusted share. As

of August 31, 2012, $1,425 (May 31, 2012 - $nil) was included in accrued

interest.

In accordance with ASC 470-20, "Debt with Conversion and Other Options", our

company recognized the intrinsic value of the embedded beneficial conversion

feature of $44,000 as additional paid-in capital and an equivalent discount

which will be charged to interest expense over the term of the convertible note

up to its face value of $100,000 using the effective interest method with an

effective interest rate of 57.67%.

Global Stevia Corp. 10-Q/A