Replies to post #426 on Tiger Oil and Energy, Inc. (TGRO)

[parker1073]

SEC filling dated 12/24/2013.

[Big_Money_Upward]

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9677554

Item 1.01 Entry into a Material Definitive Agreement

Tiger Oil and Energy, Inc. has secured a commitment from Chancery Lane Investment Group, Inc. for the $600,000 required to proceed with drilling plans for the Cowley County KS in partnership with TOTO Energy LLC. Tiger will earn up to a 30% working interest and a 24.45% Net Royalty Interest in the wells drilled and fracked.

The terms of the agreement call for Tiger to receive three tranches of $200,000 each on a callable convertible note wherein the Company borrows the sum at 5% interest for one year and the investor can elect to continue to receive the interest on the note or have the Company issue the investor shares of common stock of the Company at $0.50 per share to retire the debt.