Empire Petroleum issues $4M promissory note to Phil E. Mulacek, $2M drawn immediately

EMPIRE PETROLEUM CORP

Note has $4M principal; $2M advanced on June 17, 2025; up to $2M additional available 45-90 days later.
Interest rate 5.5% per annum, matures June 17, 2027; post-maturity rate 9%.
Company must repay original advance (or equity raise amount) within 5 business days of any equity raise.
Note may be prepaid anytime without penalty; no prepayment premium.

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