NOTE AGREEMENTNote Agreement • April 4th, 2012 • Bering Exploration, Inc. • Crude petroleum & natural gas • Texas
For value received, BERING EXPLORATION, INC (“Maker”), promises to pay to the order of _____________ (“Lender”), the sum of _____________________ AND NO/100 DOLLARS ($______________.00), in legal and lawful money of the United States of America, together with interest thereon at the rate of ten percent (10%) per annum plus a 10% transaction fee that will also accrue with interest from the date of the Note. Interest on the unpaid principal balance shall accrue from the date hereof. Interest will be calculated on the basis of a 365-day year and actual number of days elapsed.
