Laredo Oil secures $750k loan at 15% with revenue royalty, secured by Cat Creek interest

Laredo Oil, Inc.

Principal $750,000 from Cali Fields LLC at 15% annual interest; due Dec 31, 2023.
Quarterly revenue royalty of 0.5% on all hydrocarbon production revenue from June 2022 through May 2027.
Loan secured by Laredo's 50% membership interest in Cat Creek Holdings LLC.
Prepayment permitted without penalty; default rate increases to 18%.
Funds used for general corporate purposes; no specific use stated.

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