PROMISSORY NOTE
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EX-10.36 5 v333723_ex10-36.htm EXHIBIT 10.36
Exhibit 10.36
PROMISSORY NOTE
| DATE OF NOTE #5: | November 16, 2012 & |
November 28, 2012
| PRINCIPLE AMOUNT: | $42,500 & |
$22,500 totaling
$65,000
| INTEREST RATE: | Ten percent (10.0%) per annum |
| HOLDER: | MacKov Investments Limited (“MacKov”) |
| MAKER: | Richfield Oil & Gas Company (“Richfield”) |
| DUE DATE: | On demand |
In conjunction with sale of MacKov’s Overriding Royalty Interest (“ORRI”) to Wendell Y.M. Lew Revocable Living Trust and the D. Mack Irrevocable Trust for proceeds of $42,500 on November 16, 2012 and $22,500 on November 28, 2012, respectively, MacKov provided a on demand loan to Richfield totaling $65,000 bearing interest at a rate of Ten percent (10.0%) per annum with the interest paid quarterly.
IN WITNESS WHEREOF, the Parties have set their hands, as of the date first above written.
| HOLDER: | MAKER: | |||
| MacKov Investments Limited | RICHFIELD OIL & GAS COMPANY | |||
| By: | /s/ Glenn G. MacNeil | By: | /s/ Michael A. Cederstrom | |
| Glenn G. MacNeil, | Michael A. Cederstrom, General Counsel and | |||
| President of MacKov Investments Limited | Corporate Secretary | |||
