Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - EMPIRE PETROLEUM CORPFinancial_Report.xls
10-K - PERIOD ENDING 12/31/2013 - EMPIRE PETROLEUM CORPform10k12312013.htm
EX-31 - CERTIFICATION - EMPIRE PETROLEUM CORPexhibit31.htm
EX-32 - CERTIFICATION PURSUANT TO - EMPIRE PETROLEUM CORPexhibit32.htm

EXHIBIT 10.22

 

 

PROMISSORY NOTE

 

 

 

Maker: Empire Petroleum Corporation Date of Note:
  6506 S. Lewis Ave., Suite 112 December 31, 2013
  Tulsa, OK  74136-1020  
  Maturity Date:
  March 31, 2014
   
  Amount of Note:
  $91,580 + 4% interest at
  Maturity Date

 

 

This note, drawn in favor of the Albert E. Whitehead Living Trust, in the amount of $91,580 by combing the current amount due to Mr. Whitehead of $81,580 and the promissory note dated July 29, 2013, in the amount of $10,000, in which the maturity date has expired, plus 4% interest and is due and payable March 31, 2014.

 

The proceeds of these loans have been used for payment of the Gabbs Valley Lease Rentals and general office expenses.

 

The maker reserves the right to prepay amount at any time without premium or penalty.

 

 

 

EMPIRE PETROLEUM CORPORATION

 

 

 

 

 

  /S/ Albert E. Whitehead
 

ALBERT E. WHITEHEAD

Chief Executive Officer