Exhibit 10.12

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  Redwood Management, LLC. 
16850 Collins Ave Ste 112-341 
Sunny Isles, Florida 33160
Tel (305) 466-1577
 

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April 30th 2014
 

 
Las Vegas Railway Express, Inc.
6650 Via Austi Parkway Suite 140
Las Vegas, NV 89119

This letter is subject to the parties entering into formal agreements setting
forth their respective rights and obligations. Such agreements will contain
customary representations, warranties and indemnifications. The material terms
of the offering (the "Offering") are set forth below:
 

 Issuer Las Vegas Railway Express, Inc. (the "Issuer")     Placement Agent NIA  
  Securities Convertible Promissory Note (the "Notes")     Principal Amount
$83,333.33 upon execution; $83,333.33 one month after execution; $83,333.33 two
months after execution.     Maturity of the Notes Six (6) month maturity (the
"Maturity")     Interest on the Notes 10% guaranteed interest payable regardless
of how long the debenture remains outstanding     Conversion Price 45% of the
lowest traded price of the previous 20 days     Redemption The Company may
redeem the outstanding principal and interest at 130%.      No Short Sales The
investor will not engage in any short sales with respect to the Common Stock
until the later of Maturity or conversion of the Notes.     Rule 144 The Notes
will be convertible at any time, in whole or in part, subject to Rule 144.    
Right of First Refusal Investors will have a 72-hour Right of First Refusal to
participate in any subsequent offering on the same terms as such offering.    
Opinion Letter The Issuer shall be responsible for supplying an opinion letter
specific to the fact that the Common Stock issued pursuant to conversion of the
Convertible Notes is exempt from Registration Requirements pursuant to Rule 144
(so long as the requirements of Rule 144 are satisfied). Investors will accept a
"blanket" opinion letter that applies to the entirety of the Convertible Note so
long as it is acceptable to Issuer's Transfer Agent. Should the Issuer require
an attorney to act in this capacity, the investors may recommend one, with all
costs to be born solely by the Issuer.     Events of Default In the Event of a
Default, which will be further outlined in the Closing Documents, the Investor
shall have the right to convert the Notes into shares of common stock at a
default conversion price equal to 40% of the lowest traded price in the 15 days
prior to conversion.     Confidentiality The existence of this term sheet and
the individual terms and conditions are of a confidential nature and shall not
be disclosed to anyone, except to the Issuer, the investors and their respective
legal advisors.     Legal Fees NIA

 
 
In WITNESS WHEREOF, Issuer has caused this term sheet to be signed in its name
by its duly authorized officer this day of April 2014.
 

 
By: /s/Michael Barron
 
Michael Barron
 
CEO
 
 
 

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