Promissory Note between Friendly Energy Exploration and Merus Energy Corporation dated March 31, 2010
Friendly Energy Exploration has agreed to borrow $301,000 from Merus Energy Corporation, with an interest rate of 8% per year starting April 1, 2010. The full amount, including interest, is due in one year. Friendly Energy Exploration can repay the loan early, in part or in full, without any penalty. The agreement is signed by Friendly Energy Exploration's Chief Financial Officer, Donald L. Trapp.
Exhibit 10.06
PROMISSORY NOTE
FOR VALUE RECEIVED, the undersigned, Friendly Energy Exploration at 502 North Division Street, Carson City, NV 89703 (the Borrower) promises to pay to order of Merus Energy Corporation located at Carson City, NV (the Lender) the principal sum of $301,000, together with interest of 8% per annum from April 1, 2010, all due and payable in one year from the date of this Note.
Borrower shall have the right to repay the principal balance of this Note in whole or in part at any time during the term of this Note without penalty or premium upon the remittance to Lender of all amounts due hereunder.
IN WITNESS WHEREOF, Borrower has caused this Note to be executed by Friendly Energy Exploration on this date of March 31, 2010.
FRIENDLY ENERGY EXPLORATION
/s/ Donald Trapp____________
By Donald L. Trapp,
Chief Financial Officer
