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Petrolia Energy Corp – ‘10-Q’ for 9/30/18 – ‘EX-10.17’

On:  Friday, 5/10/19, at 2:41pm ET   ·   For:  9/30/18   ·   Accession #:  1493152-19-6786   ·   File #:  0-52690

Previous ‘10-Q’:  ‘10-Q’ on 9/26/18 for 6/30/18   ·   Next:  ‘10-Q’ on 1/2/20 for 3/31/19   ·   Latest:  ‘10-Q’ on 11/15/23 for 9/30/23   ·   18 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/10/19  Petrolia Energy Corp              10-Q        9/30/18   64:4.9M                                   M2 Compliance/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    419K 
 2: EX-10.16    Material Contract                                   HTML     56K 
 3: EX-10.17    Material Contract                                   HTML     24K 
 4: EX-10.18    Material Contract                                   HTML     89K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
15: R1          Document and Entity Information                     HTML     46K 
16: R2          Interim Consolidated Balance Sheets                 HTML    111K 
17: R3          Interim Consolidated Balance Sheets                 HTML     39K 
                (Parenthetical)                                                  
18: R4          Consolidated Statements of Operations (Unaudited)   HTML    103K 
19: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML    132K 
20: R6          Organization and Basis of Presentation              HTML     24K 
21: R7          Summary of Significant Accounting Policies          HTML     43K 
22: R8          Going Concern                                       HTML     24K 
23: R9          Acquisition of Bow Energy Ltd., A Related Party     HTML     39K 
24: R10         Disposition of Bow Energy Ltd., A Related Party     HTML     32K 
25: R11         Acquisition of Canadian Properties                  HTML     26K 
26: R12         Evaluated Properties                                HTML     33K 
27: R13         Notes Payable                                       HTML     41K 
28: R14         Asset Retirement Obligations                        HTML     29K 
29: R15         Equity                                              HTML     59K 
30: R16         Derivative Financial Instruments                    HTML     23K 
31: R17         Related Party Transactions                          HTML     52K 
32: R18         Supplemental Disclosures - Consolidated Statement   HTML     31K 
                of Cash Flows (Unaudited)                                        
33: R19         Subsequent Events                                   HTML     30K 
34: R20         Summary of Significant Accounting Policies          HTML     84K 
                (Policies)                                                       
35: R21         Acquisition of Bow Energy Ltd., A Related Party     HTML     31K 
                (Tables)                                                         
36: R22         Disposition of Bow Energy Ltd., A Related Party     HTML     25K 
                (Tables)                                                         
37: R23         Evaluated Properties (Tables)                       HTML     33K 
38: R24         Notes Payable (Tables)                              HTML     40K 
39: R25         Asset Retirement Obligations (Tables)               HTML     26K 
40: R26         Equity (Tables)                                     HTML     36K 
41: R27         Related Party Transactions (Tables)                 HTML     32K 
42: R28         Supplemental Disclosures - Consolidated Statement   HTML     30K 
                of Cash Flows (Unaudited) (Tables)                               
43: R29         Acquisition of Bow Energy Ltd., A Related Party     HTML     78K 
                (Details Narrative)                                              
44: R30         Acquisition of Bow Energy Ltd., A Related Party -   HTML     42K 
                Schedule of Purchase Price Allocation (Details)                  
45: R31         Acquisition of Bow Energy Ltd., A Related Party -   HTML     25K 
                Schedule of Pro Forma Information (Details)                      
46: R32         Disposition of Bow Energy Ltd., A Related Party     HTML     76K 
                (Details Narrative)                                              
47: R33         Disposition of Bow Energy Ltd., A Related Party -   HTML     35K 
                Schedule of Gain on Sale of Business (Details)                   
48: R34         Disposition of Bow Energy Ltd., A Related Party -   HTML     32K 
                Schedule of Gain on Sale of Business (Details)                   
                (Parenthetical)                                                  
49: R35         Acquisition of Canadian Properties (Details         HTML     77K 
                Narrative)                                                       
50: R36         Evaluated Properties - Schedule of Acquired and     HTML     60K 
                Current Properties (Details)                                     
51: R37         Notes Payable - Schedule of Notes Payable           HTML     49K 
                (Details)                                                        
52: R38         Notes Payable - Schedule of Notes Payable           HTML    116K 
                (Details) (Parenthetical)                                        
53: R39         Asset Retirement Obligations - Schedule of Asset    HTML     36K 
                Retirement Obligations (Details)                                 
54: R40         Equity (Details Narrative)                          HTML    380K 
55: R41         Equity - Schedule of Common Stock Warrants Granted  HTML     45K 
                and Outstanding (Details)                                        
56: R42         Equity - Schedule of Warrants Granted During        HTML     43K 
                Period (Details)                                                 
57: R43         Derivative Financial Instruments (Details           HTML     31K 
                Narrative)                                                       
58: R44         Related Party Transactions (Details Narrative)      HTML    259K 
59: R45         Related Party Transactions - Summary of Notes       HTML     51K 
                Payable Related Party (Details)                                  
60: R46         Supplemental Disclosures - Consolidated Statement   HTML     57K 
                of Cash Flows (Unaudited) - Schedule of                          
                Supplemental Cash Flow Information (Details)                     
61: R47         Subsequent Events (Details Narrative)               HTML     84K 
63: XML         IDEA XML File -- Filing Summary                      XML    108K 
62: EXCEL       IDEA Workbook of Financial Reports                  XLSX     77K 
 9: EX-101.INS  XBRL Instance -- bbls-20180930                       XML   1.20M 
11: EX-101.CAL  XBRL Calculations -- bbls-20180930_cal               XML    157K 
12: EX-101.DEF  XBRL Definitions -- bbls-20180930_def                XML    645K 
13: EX-101.LAB  XBRL Labels -- bbls-20180930_lab                     XML   1.02M 
14: EX-101.PRE  XBRL Presentations -- bbls-20180930_pre              XML    812K 
10: EX-101.SCH  XBRL Schema -- bbls-20180930                         XSD    173K 
64: ZIP         XBRL Zipped Folder -- 0001493152-19-006786-xbrl      Zip    131K 


‘EX-10.17’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

PROMISSORY NOTE

 

Effective Date: November 1, 2018

 

For Value received the undersigned Crossroads Petroleum LLC (“Maker”) of 28535 Nelson Rd, San Benito, TX 78586, promises to pay Petrolia Energy Corporation (“Holder”), 710 N Post Oak Rd, Suite 512, Houston, TX 77024, or order, the sum of Two Hundred Forty Thousand and Zero Cents ($240,000.00) for the purchase of Noack Farms, Minerva lease in Milam County, Texas.

 

This note shall be due on the following schedule:

 

  One Hundred Twenty Five Thousand ($125,000.00) on or before December 1, 2018
  One Hundred Fifteen Thousand ($115,000.00) on or before December 31, 2018

 

This note may be prepaid at any time or from time to time in whole or in part without penalty, premium, or permission.

 

Should the Maker default in payment of any principal, and/or profit, when due, Maker shall be obligated to pay such costs, fees, expenses, including attorney’s fees, which may be incurred by Holder, or any such Holder hereof, in connection with any and all enforcement proceeding. In the event of default hereunder, Holder shall have the right to offset against any obligation payable to Maker under Maker’s any other contracts with Holder, such amounts as are necessary to extinguish this Note as soon as possible after Maker’s default.

 

By:  
  CROSSROADS PETROLEUM LLC (“Maker”)  

 

By:  
  PETROLIA ENERGY CORPORATION (“Holder”)  

 

 

 C: 
   
 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/10/194
12/31/1810-K,  4,  NT 10-K
12/1/18
11/1/18
For Period end:9/30/184,  NT 10-Q
 List all Filings 


18 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/28/23  Petrolia Energy Corp.             10-Q/A      9/30/22   69:6.1M                                   M2 Compliance LLC/FA
 7/28/23  Petrolia Energy Corp.             10-Q/A      6/30/22   69:6.2M                                   M2 Compliance LLC/FA
 7/28/23  Petrolia Energy Corp.             10-Q/A      3/31/22   69:5.8M                                   M2 Compliance LLC/FA
 5/12/23  Petrolia Energy Corp.             10-K       12/31/22   93:12M                                    M2 Compliance LLC/FA
 3/20/23  Petrolia Energy Corp.             10-Q        9/30/22   69:5.9M                                   M2 Compliance LLC/FA
 3/02/23  Petrolia Energy Corp.             10-Q        6/30/22   69:6M                                     M2 Compliance LLC/FA
 2/17/23  Petrolia Energy Corp.             10-Q        3/31/22   69:5.8M                                   M2 Compliance LLC/FA
12/09/22  Petrolia Energy Corp.             10-K       12/31/21   93:51M                                    M2 Compliance LLC/FA
 7/29/22  Petrolia Energy Corp.             10-Q        9/30/21   67:7M                                     M2 Compliance LLC/FA
 7/13/22  Petrolia Energy Corp.             10-Q        6/30/21   67:8.1M                                   M2 Compliance LLC/FA
 6/15/22  Petrolia Energy Corp.             10-Q        3/31/21   73:32M                                    M2 Compliance LLC/FA
 5/16/22  Petrolia Energy Corp.             10-K       12/31/20   95:33M                                    M2 Compliance LLC/FA
12/13/21  Petrolia Energy Corp.             10-Q        9/30/20   66:6.1M                                   M2 Compliance LLC/FA
 9/24/21  Petrolia Energy Corp.             10-Q        6/30/20   65:6.4M                                   M2 Compliance LLC/FA
 8/03/21  Petrolia Energy Corp.             10-Q        3/31/20   68:28M                                    M2 Compliance LLC/FA
 5/27/21  Petrolia Energy Corp.             10-K       12/31/19  101:13M                                    M2 Compliance LLC/FA
 5/27/21  Petrolia Energy Corp.             10-Q        9/30/19   69:4.7M                                   M2 Compliance LLC/FA
 5/27/21  Petrolia Energy Corp.             10-Q        6/30/19   79:5.7M                                   M2 Compliance LLC/FA
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Filing Submission 0001493152-19-006786   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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