MORTGAGEOsage Exploration & Development Inc • January 26th, 2011 • Crude petroleum & natural gas
This Mortgage (the "Mortgage") made this _____ day of January, 2011, by and between Osage Exploration and Development, Inc. (the "Mortgagor"), having an address of 2445 Fifth Avenue, Suite 310, San Diego, CA 92101, and Blackrock Management, Inc. (the "Mortgagee"), having an address of ____________________________, San Diego, CA ________.
ESCROW AGREEMENTEscrow Agreement • January 26th, 2011 • Osage Exploration & Development Inc • Crude petroleum & natural gas
This Escrow Agreement is entered into this _____ day of January, 2011, by and between Osage Exploration and Development, Inc. (“Osage”), Blackrock Management, Inc. (“Blackrock”) and Robertson & Williams, attorneys (R&W).
500,000.00 January ____, 2011 San Diego, CaliforniaOsage Exploration & Development Inc • January 26th, 2011 • Crude petroleum & natural gas
FOR VALUE RECEIVED, the undersigned Osage Exploration and Development, Inc., a Delaware corporation, 2445 Fifth Avenue, Suite 310, San Diego, CA 92101 ("Maker"), agrees to the terms of this Note and promises to pay to the order of Blackrock Management, Inc., ("Lender") at ________________, San Diego, CA ________, or at such other place as may be designated in writing by the holder of this Note, the principal sum of Five Hundred Thousand Dollars ($500,000.00), together with a Loan Fee in lieu of interest of $100,000.00 payable in full as to both principal and fee on May ____, 2011. Any principal or fee amount not paid when due shall bear interest until paid at a rate of twenty percent (20%) ("Default Interest") after Maturity. Default Interest on this Note is calculated on the actual number of days elapsed on a basis of a 360 day year unless otherwise indicated above. For purposes of computing interest on this Note, payments of all or any portion of the Principal Amount and or Loan Fee
