Exhibit 10.9

Part I



PROMISSORY NOTE


 


Dated: March 12th,
2012


 


FOR VALUE RECEIVED,
the undersigned, Methes Energies Canada Inc., a corporation organized under the laws of Ontario (“Borrower”), hereby
promises to pay to the order of World Assets Management Inc. (“Lender”), the principal sum of Five Hundred Thousand
Dollars US ($500,000.00), (the “Note”) which Lender has funded to Borrower (the “Loan”) from the date hereof
until payment in full at the rates and in the manner described herein. Payments shall be made in immediately available United States
dollar funds on the day of payment.


This Note along with its interest
shall be due and payable on demand (the “Maturity Date”). On the Maturity Date, the principal of this Note and all accrued
and unpaid interest thereon shall be paid to the Lender.


 


		1.	The Note shall bear interest at the rate
of 8 % per annum “Interest Rate” and shall commence accruing on the first day after the date hereof on the principal
amount of the Loan and thereafter until full payment. 



 


		2.	All notices, demands, approvals and other
communications provided for herein shall be in writing and may be delivered by personal delivery, by prepaid overnight courier
service or by facsimile, addressed to the intended recipient at the address specified below, or at such other address as my be
specified in a written notice delivered by registered mail or courier. Any notice shall be deemed delivered upon actual receipt
by the party to whom it is address after personal delivery or by registered mail or courier on the date on which a signed delivery
receipt is given.



 


To the Borrower:


 


Methes Energies Canada Inc.


4170 Sladeview Crescent (Unit 5)


Mississauga, Ontario


L5L 0A1


FAX: (866)
276-9589


 






To the Lender:


 


World Asset Management Inc.


PO Box CB-13039


Nassau, Bahamas


Fax: 443-328-0383


 


		3.	Borrower hereby waives presentment and demand
for payment, notice of dishonor, protest and notice of protest of this Note and agrees to perform and comply with each of the terms,
covenants and provisions contained in this Note on the part of Borrower to be observed or performed. No release of any security
for the principal sum due under this Note or extension of time for payment of this Note, or any installment hereof, shall release,
discharge, modify, change or affect the liability of Borrower under this Note.



 


		4.	The terms of this Note shall be governed
and construed under the laws of the Province of Ontario. Borrower hereby agrees that, in the event Borrower breaches its obligations
hereunder, any court located in the Province of Ontario shall have jurisdiction to hear any suit, action or proceeding brought
by Lender arising out of or in connection with such breach. Borrower hereby acknowledges and irrevocably consents and submits to
the jurisdiction of such courts in any such suit, action or proceeding.



 


		5.	Time is of the essence with respect to every
provision hereof. This Note shall inure to the benefit of Lender, its successors, heirs, and representatives and shall binding
on Borrower and its successors, heirs, and representatives.



 


		6.	This Note may not be modified or terminated
orally but only by an agreement in writing signed by the party against whom enforcement of such change or termination is sought
until paid in full.



 


IN WITNESS
WHEREOF, this Note has been duly executed by the Borrower as of the 12th day of March, 2012


 


	 	 	Methes Energies Canada Inc.
	 	 	 
	/s/ Eva Loewen	 	By:      /s/ Nicholas Ng
	Witness	 	 	Nicholas Ng
	Name:           	Eva Loewen	 	President


 











Exhibit 10.9

Part II


PROMISSORY NOTE


 


Dated: April 26th,
2012


 


FOR VALUE RECEIVED,
the undersigned, Methes Energies International Ltd., a corporation organized under the laws of Nevada (“Borrower”),
hereby promises to pay to the order of World Assets Management Inc. (“Lender”), the principal sum of Five Hundred Thousand
Dollars US ($500,000.00), (the “Note”) which Lender has funded to Borrower (the “Loan”) from the date hereof
until payment in full at the rates and in the manner described herein. Payments shall be made in immediately available United States
dollar funds on the day of payment.


This Note along with its interest
shall be due and payable on demand (the “Maturity Date”). On the Maturity Date, the principal of this Note and all accrued
and unpaid interest thereon shall be paid to the Lender.


 


		1.	The Note shall bear interest at the rate
of 8 % per annum “Interest Rate” and shall commence accruing on the first day after the date hereof on the principal
amount of the Loan and thereafter until full payment. 



 


		2.	All notices, demands, approvals and other
communications provided for herein shall be in writing and may be delivered by personal delivery, by prepaid overnight courier
service or by facsimile / email, addressed to the intended recipient at the address specified below, or at such other address as
my be specified in a written notice delivered by registered mail or courier. Any notice shall be deemed delivered upon actual receipt
by the party to whom it is address after personal delivery or by registered mail or courier on the date on which a signed delivery
receipt is given.



 


To the Borrower:


 


Methes Energies International
Ltd.


3651 Lindell Road, Suite D-272


Las Vegas, Nevada, USA


89103


FAX: (702)
943-0233


 







To the Lender:


 


World Asset Management Inc.


Forum 1, Torre G


Escazu, Costa Rica


Fax: contact@wam-online.com


 


		3.	Borrower hereby waives presentment and demand
for payment, notice of dishonor, protest and notice of protest of this Note and agrees to perform and comply with each of the terms,
covenants and provisions contained in this Note on the part of Borrower to be observed or performed. No release of any security
for the principal sum due under this Note or extension of time for payment of this Note, or any installment hereof, shall release,
discharge, modify, change or affect the liability of Borrower under this Note.



 


		4.	The terms of this Note shall be governed
and construed under the laws of the Province of Ontario. Borrower hereby agrees that, in the event Borrower breaches its obligations
hereunder, any court located in the Province of Ontario shall have jurisdiction to hear any suit, action or proceeding brought
by Lender arising out of or in connection with such breach. Borrower hereby acknowledges and irrevocably consents and submits to
the jurisdiction of such courts in any such suit, action or proceeding.



 


		5.	Time is of the essence with respect to every
provision hereof. This Note shall inure to the benefit of Lender, its successors, heirs, and representatives and shall binding
on Borrower and its successors, heirs, and representatives.



 


		6.	This Note may not be modified or terminated
orally but only by an agreement in writing signed by the party against whom enforcement of such change or termination is sought
until paid in full.



 


IN WITNESS
WHEREOF, this Note has been duly executed by the Borrower as of the 26th day of April, 2012


 


	 	 	Methes Energies International Ltd.
	 	 	 
	/s/ Nicholas Ng	 	By:  /s/
      Michel G. Laporte
	Witness	 	 	Michel G. Laporte
	Name:           	Nicholas Ng	 	President