Document:

PROMISSORY NOTE- CMC
XXIV

    Indigo-Energy,
Inc.

    

    
      	
              $50,000 (Fifty Thousand Dollars)

            	
              Dated: 5-6-2009

            
	
              Principal Amount

            	
              State of Nevada

            

    

    

    Funding Date- On or
before May 6, 2009

    Due Date- May 6,
2014

    

    FOR VALUE RECEIVED, Fifty Thousand
Dollars ($50,000), the undersigned, Indigo-Energy, Inc., a Nevada Corporation,
located at 701 N. Green Valley Parkway, Suite 200, Henderson, NV 89074
(Borrowers) hereby promises to pay to the order
of Carr-Miller Capital (Maker) the sum of $50,000 (Fifty Thousand
Dollars).  The purpose of this funding is working capital to meet
operational needs.  Said sum shall be paid in the manner
following:

    

    This
Promissory Note shall
bear simple Interest at
ten percent (10%) per annum from the Funding Date to the Due Date.

    

    Commencing
May 6, 2010, Borrower shall make 48 equal monthly interest installment payments
equal to the total interest due on the note.

    

    At the
Due Date Borrower will repay the Note in the following manner:

    

    Borrower
will repay the Principal Amount along with outstanding Interest due within 10
days of the Due Date via check to the Makers address.  Borrower may
pre-pay this note at any time without penalty by payment of Principal Amount and
pro-rata interest.

    

    Additionally,
the Maker shall receive ten (10) shares of Borrower’s common stock for each
dollar amount of the Principal Amount within thirty (30) days of the receipt of
funds.  This stock shall be issued as Rule 144 restricted common stock
of the company.

    

    Borrower
may pre-pay this note at any time without penalty by payment of Principal Amount
and pro-rata interest.

    

    This Note
shall at the option of the Maker be immediately due and payable upon the
occurrence of any of the following:

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              1-

            	
              Breach
      of any condition of any of the security
  interest.

            

    

    
      	
               
      

            	
              2-

            	
              Upon
      the insolvency, dissolution, or liquidation of the
    Borrowers.

            

    

    

    In the
event this note shall be in default, and placed with an attorney for collection,
then the Borrower agrees to pay all reasonable attorney fees and costs of
collection. Payments not made within 10 days of due date shall be subject to a
late charge of 10% of said payment.  All payments hereunder shall be
made to the Maker.

    

    The
Borrowers agree to be fully bound hereunder until this note shall be fully paid
and waive demand, presentment and protest and all notices thereto and further
agrees to remain bound, notwithstanding any extension, renewal, modification,
waiver, or other indulgence by the Maker or upon the discharge or release of the
Borrowers, or upon the exchange, substitution, or release of any collateral
granted as security for this Note.  No modification or indulgence by
Maker shall be binding unless in writing, and any indulgence for one occasion
shall not be an indulgence for any other or future occasion.  This
Note shall take effect as a sealed instrument and shall be construed, governed,
and enforced in accordance with the laws of the State of Nevada.

    

    
      
        
          
            
              
                
                  
                    	
                            Signed
      the date recorded below:

                          	 	 
      	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                            Stanley
      L. Teeple, CFO

                          	 	
                            Date

                          	 
	
                            Indigo-Energy,
      Inc.

                          	 	 
      	 

                  

                

              

            

          

        

      

    

    

    
      
        
          
            
              
                
                  
                    	
                            Accepted by Maker:

                          	 	 
      	 	 
      
	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      
	
                            Carr-Miller
      Capital

                          	 	
                            Date

                          	 	
                            TIN

                          

                  

                

              

            

          

        

      

    

    
      
         

      

      
        2CONSULTING AGREEMENT-
TSF

    

    This
Consulting Agreement is by and between Indigo-Energy, Inc., (IEI), a Nevada Corporation
located at 701 N. Green Valley Pkwy, Suite 200, Henderson, NV 89074, and Dr.
Larry Stowe, (The Stowe Foundation) of 6340 Lake Worth Blvd. #403, Fort Worth,
TX 76135 (phone 817-236-2010- fax 817-236-2008 info@thestowefoundation.org),
(TSF), an organization,
collectively referred to as “The Parties”.

    

    WHEREAS,
IEI is a developer of energy related properties, and

    

    WHEREAS,
TSF has experience in gas and oil well drilling operations in the United States,
a network of drilling related contacts and relationships, is a consultant in oil
and gas financial and operational matters to a client list of potential
investors;

    

    NOW, THEREFORE, in consideration of the
mutual covenants provided herein, the Parties agree as follows:

     

    Services.

    
      TSF will
perform ongoing duties under the direction of IEI’s President and Board of
Directors under the following parameters:

    

    
      	
               
      

            	
              1.

            	
              Assisting
      in raising short term funding dollars to help meet immediate expenses
      regarding IEI’s well and drilling activities (Wells) in the DuBois field
      in Indiana, and

            

    

    
      	
               
      

            	
              2.

            	
              Developing
      a 45 day completion strategy to ensure IEI’s completion of the Wells and
      have them into full production, and

            

    

    
      	
               
      

            	
              3.

            	
              Represent
      IEI interests and in discussions and negotiations with field personnel,
      prospective funding sources or related
parties.

            

    

    
      	
               
      

            	
              4.

            	
              Provide
      direct assistance in execution of the strategy described above in
      #2.

            

    

    

    Compensation.

    IEI shall
compensate TSF for these services as follows:

    
      	
            	
              1- 

            	
              Reimbursement
      for all approved business-related expenses commencing May 15,
      2009.

            

    

    
      	
            	
              2-

            	
              TSF
      shall receive ten thousand dollars ($10,000) payable five thousand dollars
      by 15 May 2009 and another five thousand payable on or before May 22nd,
      2009 for the completion of items #1 and #2 and #3 under the Services
      section above.

            

    

    
      	
            	
              3-

            	
              Payment
      of an additional twenty-five thousand dollars ($25,000) for completion of
      item #4 under the Services section above, said compensation subject to
      receipt of funding from any source for the completion of the
      Wells.

            

    

    

    Independent Contractor and
No Agency Relationship.  TSF shall be compensated as an
independent contractor with no employee relationship or agency and principal
relationship and shall thereby be responsible for all its own taxes, insurance,
licenses and fees and expenses related to its business and this
Agreement.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    Governing
Law.  This Agreement is being executed under and will be
governed by the laws of the State of Nevada.

    

    Term.  The
term of this Agreement is 45 days commencing 15 May 2009.

    

    IN
WITNESS THEREOF, the Parties have executed this Agreement effective as of the
date signed below.

    

    For
Indigo-Energy, Inc.

    

    
      
        	
                 

              	 
      	 
      	 
      	

                May 15, 2009

              
	
                Steve
      Durdin, President

              	 
      	 
      	 
      	
                Date

              

      

       

      
        Dr.
Lawrence Stowe

      

       

      
        	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                Dr.
      Lawrence Stowe

              	 
      	
                Date

              	 
      	
                SSAN
      or TIN

              

      

    

    

    
      
        
        

      

      
        2Unassociated Document

    GLOBAL
SETTLEMENT AGREEMENT

     

    This
Global Settlement Agreement (the "Agreement") is made
and entered into as of this 18 day of May 2009 by and between
Indigo-Energy, Inc., a Nevada corporation (the "Company") and Leo Moore, an
individual with an address at ______________________ (the “Creditor” and
together with the Company, the "Parties”.)

    

    WHEREAS, on January 19,
2006, the Company executed a Promissory Note (the “Note”) in favor of the
Creditor for stock and cash which was subsequently modified in various
extensions and prior Settlement Agreements, and which outstanding balance now
remains $194,500;

    

    WHEREAS, as of the date
of this Agreement, an aggregate of approximately $194,500 remains unpaid on the
Note (the “Outstanding Debt”); and

    

    WHEREAS, the Parties have
agreed that it is in all of their interests to settle the Outstanding Debt
through the issuance of shares of the Company’s common stock to the
Debtor.

    

    NOW THERFORE, the Parties
hereto agree as follows:

    

    Section
1. Release,
Waiver and
Settlement. Effective upon the execution of this Agreement, and subject
to the provisions hereof, the Creditor hereby releases and waives his respective
rights and claims to the Outstanding Debt and further releases and waives all
rights, claims and interests that are, or may be available, to him under the
Note, or any agreement entered into by the Parties in relation thereto, other
than this Agreement.  The Parties agree that after the execution of
this Agreement they shall have no obligations or rights against each other
except with respect to the issuance of the Shares referenced below.

     

    Section
2.  Consideration. As
consideration for the release, waiver and settlement by the Parties’ respective
rights and interests provided under the Note, the Company hereby agrees to issue
and deliver to the Creditor an aggregate of three million shares of the
Company’s Common Stock, to be issued in the name of Leo Moore (the
“Shares”).

    

    Section
3. Successors. This
Agreement shall be binding upon and inure to the benefit of the Parties and
their respective administrators, representatives, executors, successors and
assigns, either by reason of death, incapacity, merger, consolidation, and/or
purchase or acquisition of substantially all of the Company's assets or
otherwise.

    

    Section
4. Governing
Law, Each Party acknowledges that it has been represented by counsel
in connection with this Agreement, and has executed the same with knowledge of
its consequences. This Agreement is made and entered into under New York law and
shall be interpreted, enforced and governed under the laws of the laws of New
York without regard to its conflicts of laws principles.

    

    Section
5. Paragraph
Headings. The paragraph headings used in this Agreement are intended
solely for convenience of reference and shall not in any manner amplify, limit,
modify or otherwise be used in the interpretation of any of the provisions
hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
6. Severability. Should
any of the provisions of this Agreement be declared or be determined to be
illegal or invalid, the validity of the remaining parts, terms or provisions
shall not be affected thereby and said illegal or invalid part, term or
provision shall be deemed not to be a part of this Agreement.

    

    Section
7. Entire
Agreement. This Agreement sets forth the entire agreement between
the Parties, and fully supersedes any and all prior agreements or understandings
between the Parties pertaining to the subject matter hereof, including but not
limited to the Note.  All other contracts, agreements or
understandings between the Parties are hereby expressly declared to be null and
void.

    

    Section
8. Counterparts. This
Agreement may be executed in counterparts. Each counterpart shall be deemed an
original, and when taken together with the other signed counterpart, shall
constitute one fully executed Agreement.

     

    Section
9. Further
Assurances. From and after the date hereof, the parties hereto shall
take all actions, including the execution and delivery of all documents,
necessary to effectuate the terms hereof.

     

    Section
10. Survival. All
obligations of the Parties as set forth herein shall survive the execution and
delivery hereof.

     

    [Remainder
of Page Intentionally Left Blank]

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    IN
WITNESS WHEREOF, the Parties have caused this Agreement to be entered into as of
the date first written above.

     

    
      
        
          
            
              	
                      CREDITOR:

                    	 
      	
                      THE
      COMPANY:

                    	 
	 
      	 
      	 
      	 
	 
      	 
      	
                      INDIGO-ENERGY,
      INC.

                    	 
	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
	/s/
      Leo Moore	 
      	/s/
      Stanley L. Teeple	 
	
                      Leo
      Moore

                    	 
      	
                      By:
      Stanley L. Teeple

                    	 
	
                      Date:

                    	 
      	
                      Title:
      CFO

                    	 
	 
      	 
      	
                      Date:

                    	 

            

          

        

      

    

    
      
         

      

      
        3

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