Empire Petroleum issues $3.25M convertible note to PIE at 6% interest

EMPIRE PETROLEUM CORP

Promissory note principal $3,250,000 issued to Petroleum Independent & Exploration, LLC on Sept 10, 2026.
Note matures March 10, 2028; 6% annual interest, 9% post-maturity; proceeds for working capital.
Convertible into common stock at $2.838/share; full conversion yields 1,145,173 shares; prepayable without penalty.
Issuance unregistered under Securities Act Section 4(a)(2); PIE is an accredited investor.

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