Document:

LOAN
      AGREEMENT

    

    THIS
      LOAN
      AND (this “Agreement”) is made this 17th day of May, 2007, by and among
      BLACKSANDS PETROLEUM, INC. (“Lender”) and ACCESS ENERGY INC.
      (“Borrower”).

    

    WITNESSETH:

    

    WHEREAS,
      Lender and Borrower are negotiating the terms and conditions of Lender’s
      investment in Borrower (the “Investment”) so that Borrower will issue and Lender
      will acquire shares of Borrower’s common stock that will total approximately 75%
      of Borrower’s shares of issued and outstanding common stock immediately after
      the Investment (the “Borrower Shares”) and related transactions (collectively,
      the “Transactions”); 

    

    WHEREAS,
      shortly hereafter, Borrower has acquired or intends to acquire a seismic study
      of the Project Lands, as defined in a Joint Venture Agreement between Buffalo
      River Dene Development Corporation and Borrower, dated November 3, 2006 (the
      study together with all data obtained in the course thereof and any and all
      rights attached thereto, the “Seismic”);

    

    WHEREAS,
      to provide Borrower with sufficient working capital Lender has agreed to provide
      Borrower with a loan as described herein; and

    

    NOW,
      THEREFORE, in consideration of the premises and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      Borrower and Lender, intending to be legally bound, agree as
      follows:

    

    ARTICLE
      I
      - LOAN

    

    1.1.
      Loan.
      Lender
      agrees, on the terms and conditions of this Agreement, to make loans to Borrower
      in an amount of CDN$250,000 (two hundred fifty thousand Canadian dollars) (the
      “Loan”), subject to the further terms hereof. Upon the execution and delivery of
      this Agreement, Lender shall loan to Borrower the Loan. 

    

    1.2.
      The
      Note.
      Borrower has authorized the issuance of a promissory note (the “Note”) made in
      favor of Lender by Borrower, which shall be in the form set forth in Exhibit
      A
      attached hereto. The Loan shall be due and payable to the order of Lender on
      August 7, 2007 (the “Due Date”). The Loan shall bear interest at the rate of
      nine percent (9%) per annum on the full amount of the Loan, such interest to
      commence accruing on the date hereof and payable at the start of each calendar
      month preceding the Due Date; provided, however, that from and after an Event
      of
      Default, as defined in Article VI hereof, such interest rate shall increase
      to
      fifteen percent (15%) per annum.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.3.
      Payments.
      If
      prior to the Due Date, Lender makes the Investment, it shall forgive all
      outstanding amounts under the Loan, provided that the Note is offset against
      the
      purchase price of Borrower Shares in the Investment. 

    

    ARTICLE
      II -

    

    [Intentionally
      omitted]

    

    ARTICLE
      III

    

    [Intentionally
      omitted]

    

    ARTICLE
      IV - REPRESENTATIONS AND WARRANTIES OF BORROWER

    

    Borrower
      represents and warrants as follows:

    

    4.1.
      Organization.
      Borrower is a corporation duly existing under the laws of the Province of
      Ontario and is qualified and licensed to do business in any jurisdiction in
      which the conduct of its business or its ownership of property requires that
      it
      be so qualified, except where the failure to be so qualified would not have
      a
      material adverse effect on the business, operations, condition (financial or
      otherwise), property or prospects of Borrower or any subsidiary, or the ability
      of Borrower or any subsidiary to carry out their respective obligations under
      the Loan Documents (as defined in Section 4.2 below) (a “Company Material
      Adverse Effect”). 

    

    4.2.
      Authorization.
      All
      corporate action on the part of Borrower and its subsidiaries and their
      respective officers, directors and stockholders necessary for the authorization,
      execution, delivery and performance of all obligations of Borrower and each
      such
      subsidiary under this Agreement, the Note and all other documents necessary
      or
      desirable in connection with the Loan (collectively, the “Loan Documents”) to
      which any of them may be a party have been taken. The Loan Documents, when
      executed and delivered by Borrower and each such subsidiary, shall constitute
      legal, valid and binding obligations of Borrower and each such subsidiary,
      enforceable against Borrower and each such subsidiary in accordance with their
      terms, except as such enforceability may be limited by applicable bankruptcy,
      insolvency, moratorium or similar laws affecting creditors’ rights and the
      enforcement of debtors’ obligations generally and by general principles of
      equity, regardless of whether enforcement is pursuant to a proceeding in equity
      or at law.

    

    4.3.
      Absence
      of Conflicts.
      The
      execution, delivery and performance of this Agreement is not in conflict with
      nor does it constitute a breach of any provision contained in Borrower’s
      organizational documents, nor will it constitute an event of default under
      any
      material agreement to which Borrower is a party or by which Borrower is
      bound.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    4.4.
      Consents
      and Approvals.
      Borrower has obtained all consents, approvals and authorizations of, made all
      declarations or filings with, and given all notices to, all governmental
      authorities and agencies that are necessary for the continued operation of
      Borrower’s business as currently conducted, or are required by law.

    

    4.5.
      [intentionally omitted]

    

    4.6.
      Litigation.
      There
      are no actions, suits, claims, investigations, arbitrations or other legal
      or
      administrative proceedings, to the Knowledge of Borrower, threatened against
      Borrower at law or in equity, and to Borrower’s Knowledge, there is no basis for
      any of the foregoing. There are no unsatisfied judgments, penalties or awards
      against or affecting Borrower or its businesses, properties or assets. Borrower
      is not in default, and no event has occurred which with the passage of time
      or
      giving of notice or both would constitute a default by Borrower with respect
      to
      any order, writ, injunction or decree known to or served upon Borrower of any
      court or of any foreign, federal, state, municipal or other governmental
      department, commission, board, bureau, agency or instrumentality, domestic
      or
      foreign. There is no action or suit by Borrower pending or threatened against
      others. Borrower has complied with all laws, rules, regulations and orders
      applicable to its current business, operations, properties, assets, products
      and
      services the violation of which would have a material adverse effect. There
      is
      no existing law, rule, regulation or order, and Borrower has no Knowledge of
      any
      proposed law, rule, regulation or order, whether foreign, federal or state,
      that
      would prohibit or materially restrict Borrower from, or otherwise materially
      adversely affect Borrower in, conducting its businesses in any jurisdiction
      in
      which it is now conducting business. 

    

    As
      defined in this Agreement, “Knowledge” of Borrower means the actual knowledge by
      a director or officer of Borrower of a particular fact or circumstance or such
      knowledge as may reasonably be imputed to such person as a result of his actual
      knowledge of other facts or circumstances as well as any other knowledge which
      such person would have possessed had they made reasonable inquiry of appropriate
      employees and agents of Borrower with respect to the matter in
      question.

    

    4.7.
      Absence
      of Certain Events.
      To
      Borrower’s Knowledge, there is no existing condition, event or series of events
      which reasonably would be expected to have a Company Material Adverse
      Effect.

    

    4.8
      Governmental
      Permits.
      Borrower (including its subsidiaries) holds all licenses, franchises, permits
      and other governmental authorizations which are required for the conduct of
      any
      aspect of Borrower’s (including its subsidiaries’) business, as presently
      conducted and as presently contemplated to be conducted, including, but not
      limited to, all such business operations contemplated by, or incident to, the
      Transactions. All such licenses, franchises, permits and other governmental
      authorizations are valid and current, and Borrower has not received any notice
      that any governmental authority intends to cancel, terminate or not renew any
      such license, franchise, permit or other governmental authorization. Borrower
      has conducted and is conducting its business in compliance with the
      requirements, standards, criteria and conditions set forth in such licenses,
      franchises, permits and other governmental authorizations, and all laws and
      regulations applicable thereto, and is not in violation of any of the foregoing.
      The consummation of the transactions contemplated hereunder will not alter
      or
      impair or require changes to any such license, franchise, permit or other
      governmental authorization.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    ARTICLE
      V
      - COVENANTS OF BORROWER

    

    So
      long
      as the Note is outstanding, Borrower agrees that, unless Lender shall give
      its
      prior consent in writing, which consent shall not be unreasonably
      withheld:

    

    5.1.
      Ordinary
      Course.
      Borrower shall carry on its business in the ordinary course substantially as
      conducted heretofore, and shall not engage in any transaction outside of the
      ordinary course of business.

    

    5.2.
      [Intentionally Omitted]

    

    5.3.
      Performance
      under Agreements.
      Borrower shall perform all of its obligations under agreements relating to
      or
      affecting its assets, properties or rights.

    

    5.5.
      Cooperation
      with Lender.
      Borrower shall cooperate with Lender and shall use its reasonable best efforts
      to complete and sign the Securities Purchase Agreement (the “Securities Purchase
      Agreement”) contemplated by the Investment and shall use its reasonable best
      efforts to consummate the Transactions contemplated thereby.

    

    5.5.
      [Intentionally Omitted]

    

    5.6.
      Maintenance
      of Business Organization.
      Borrower shall maintain and preserve its business organization intact and use
      its best efforts to retain its present key employees and relationships with
      suppliers, customers and others having business relationships with Borrower.
      

    

    5.7.
      Compliance
      with Permits.
      Borrower shall maintain compliance with all permits, laws, rules and
      regulations, consent orders and all other orders of applicable courts,
      regulatory agencies, first nations and similar governmental authorities.

    

    5.8.
      [Intentionally
      Omitted]

    

    5.9.
      Payments
      and Indebtedness.
      Borrower shall provide Lender with four business days’ advance written notice
      prior to (i) making any payment, or incurring any obligation to make any payment
      in the ordinary course of business in excess of US$250,000 or (ii) incurring
      any
      indebtedness other than: (a) trade debt incurred in the ordinary course of
      business, (b) purchase money obligations in the ordinary course of business
      up
      to US$5,000, or (c) taxes and assessments not delinquent or actively being
      contested in good faith by Borrower and for which Borrower has adequate
      reserves.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    5.10.
      [Intentionally Omitted]

    

    5.11.
      [Intentionally Omitted]

    

    5.12.
      [Intentionally Omitted]

    

    5.13.
      Mergers.
      Except
      as contemplated by the Transactions, Borrower shall not merge or consolidate
      with or into any other corporation, or sell, assign, lease or otherwise dispose
      of or voluntarily part with the control (whether in one transaction or in a
      series of related transactions) of assets (whether now owned or hereafter
      acquired) having a fair market value of more than US$5,000 at the time(s) of
      transfer, or sell, assign or otherwise dispose of (whether in one transaction
      or
      in a series of transactions) any of its accounts receivable (whether now in
      existence or hereafter created) at a discount or with recourse, to any person,
      except sales or other dispositions of assets in the ordinary course of business.
      

    

    5.14.
      [Intentionally
      Omitted]

    

    5.15.
      Charter
      Documents.
      Borrower shall not make any amendment to its Certificate of Incorporation or
      its
      By-Laws. 

    

    ARTICLE
      VI - DEFAULTS AND REMEDIES

    

    6.1.
      An
“Event of Default” occurs if: 

    

    (a)
      Borrower defaults in the payment of any principal or interest of the Note when
      the same shall become due, either by the terms thereof or otherwise as herein
      provided; or

    

    (b)
      Borrower defaults in the performance or observance of any other agreement,
      term
      or condition contained in the Note or the other Loan Documents; or 

    

    (c)
      Borrower shall default in the payment of any principal of, or premium, if any,
      or interest on, any other indebtedness in excess of US$100,000 or obligation
      with respect to borrowed money after expiration of any grace or cure period
      or
      shall default in the performance of any material term of any instrument
      evidencing such Indebtedness or of any mortgage, indenture or agreement relating
      thereto after expiration of any grace or cure period, and the effect of such
      default is to cause or to permit the holder or holders of such obligation to
      cause, such Indebtedness or obligation to become due and payable prior to its
      stated maturity; or 

    

    (d)
      The
      Investment shall not have closed by the Due Date; or

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (e)
      Borrower pursuant to or within the meaning of any Bankruptcy Law (as defined
      herein):

    

    (i)
      commences a voluntary case,

    

    (ii)
      consents to the entry of an order for relief against it in an involuntary
      case,

    

    (iii)
      consents to the appointment of a Custodian (as defined herein) of it or for
      all
      or substantially all of its property,

    

    (iv)
      makes a general assignment for the benefit of its creditors, or

    

    (v)
      is
      the debtor in an involuntary case which is not dismissed within thirty (30)
      days
      of the commencement thereof, or

    

    (f)
      A
      court of competent jurisdiction enters an order or decree under any Bankruptcy
      Law that:

    

    (i)
      provides for relief against Borrower in an involuntary case,

    

    (ii)
      appoints a Custodian of Borrower for all or substantially all of its property,
      or

    

    (iii)
      orders the liquidation of Borrower,

    

    (g)
      A
      final judgment for the payment of money in an amount in excess of US$5,000
      shall
      be rendered against Borrower (other than any judgment as to which a reputable
      insurance company shall have accepted full liability in writing) and shall
      remain undischarged for a period (during which execution shall not be
      effectively stayed) of 20 days after the date on which the right to appeal
      has
      expired;

    

    (h)
      Any
      representation or warranty made by Borrower in this Agreement, any other Loan
      Document or in any other document or instrument furnished in connection with
      the
      transactions contemplated hereby shall prove to be materially false or incorrect
      on the date as of which made; or

    

    (i)
      An
      event shall occur or there exist facts or circumstances which create or result
      in a Borrower’s Material Adverse Effect; 

    

    then
      upon
      the occurrence of any Event of Default described in paragraphs (e) or (f),
      the
      unpaid principal amount of and accrued interest on the Note shall automatically
      become due and payable, without presentment, demand, protest or notice of any
      kind, all of which are hereby waived by Borrower.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    Upon
      the
      occurrence of any other Event of Default, Lender shall give Borrower written
      notice of default. Borrower shall have thirty (30) days (the “Cure Period”)
      after receipt of written notice of default from Lender to cure said default.
      Borrower may cure the default prior to the expiration of the Cure Period by
      making payment in full to Lender of the entire principal amount outstanding
      under the Note and all accrued interest thereon, together with all other sums
      due thereunder and hereunder. 

    

    Notwithstanding
      the foregoing, if an Event of Default is cured prior to the end of the Cure
      Period (including, but not limited to, an Event of Default pursuant to Section
      6.1(d) above), Borrower shall use its best efforts to ensure that the Investment
      and the Transactions are consummated.

    

    If
      the
      Event of Default is not cured by the end of the Cure Period, then in addition
      to
      any other rights, powers and remedies permitted by law or in equity, Lender
      may,
      at its option, by notice in writing to Borrower, declare the Note to be, and
      the
      Notes shall thereupon be and become, immediately due and payable, together
      with
      interest accrued thereon and all other sums due hereunder, without presentment,
      demand, protest or other notice of any kind, all of which are waived by
      Borrower.

    

    Upon
      the
      continuance of any Event of Default after the expiration of the applicable
      Cure
      Period, the holder of the Note may proceed to protect and enforce its rights
      by
      an action at law, suit in equity or other appropriate proceeding, whether for
      the specific performance of any agreement contained herein or in the Note held
      by it, for an injunction against a violation of any of the terms hereof or
      thereof, or for the pursuit of any other remedy which it may have by virtue
      of
      the Loan Documents or pursuant to applicable law. Borrower shall pay to the
      holder of the Notes upon demand the reasonable costs and expenses of collection
      and of any other actions referred to in this Article, including without
      limitation reasonable attorneys’ fees, expenses and disbursements.

    

    No
      course
      of dealing and no delay on the part of the holder of the Note in exercising
      any
      of its rights shall operate as a waiver thereof or otherwise prejudice the
      rights of such holders, nor shall any single or partial exercise of any right,
      power or remedy preclude any other or further exercise thereof or the exercise
      of any other right, power or remedy hereunder. No right, power or remedy
      conferred hereby or by the Note on the holder thereof shall be exclusive of
      any
      other right, power or remedy referred to herein or therein or now or hereafter
      available at law, in equity, by statute or otherwise.

    

    6.2.
      For
      purposes of this Article, the following definitions shall apply:

    

    “Bankruptcy
      Law” means Title 11, U.S. Code or any similar federal or state law for the
      relief of debtors, or equivalent law of a non-U.S. jurisdiction.

    

    “Custodian”
      means any receiver, trustee, assignee, liquidator or similar official under
      any
      Bankruptcy Law.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    ARTICLE
      VII - NOTICES

    

    All
      notices, requests and demands shall be given to or made upon the respective
      parties hereto in writing, such address as may be designated by it in a written
      notice to the other party. All notices, requests, consents and demands hereunder
      shall be effective when duly deposited in the mails (by overnight delivery
      by a
      nationally-recognized overnight courier service or by United States or Canadian
      registered or certified mail, postage prepaid, return receipt requested) with
      a
      copy via facsimile. Unless the parties designate otherwise, notices should
      be
      addressed as follows: 

    

    If
      to
      Borrower:

    

    Access
      Energy Inc.

    Suite
      1405, 220 Bay Street

    Toronto,
      Ontario M5J 2W4

    Canada

    Fax:
      416-359-7801

    Attn:
      Paul Parisotto

    

    with
      a
      copy to:

    

    Fraser
      Milner Casgrain LLP, Suite 3900

    1
      First
      Canadian Place

    100
      King
      Street West

    Toronto,
      Ontario, M5X 1B2

    Canada

    Fax:
      416
      863 4592

    Attn:
      John Sabine

    

    If
      to
      Lender:

    

    Blacksands
      Petroleum, Inc.

    Suite
      1250, 645 7th Avenue SW 

    Calgary,
      Alberta 

    Canada
      T2P 4G8

    Attn:
      Darren Stevenson

    

    with
      a
      copy to:

    

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue, 12th
      Floor

    New
      York,
      NY 10022

    Attn:
      Adam S. Gottbetter, Esq.

    Facsimile:
      (212) 400-6901

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    ARTICLE
      VIII - MISCELLANEOUS

    

    8.1.
      Governing
      Law.
      This
      Agreement shall be governed by and construed under the laws of the State of
      New
      York without giving effect to the choice of law provisions thereof. Each of
      the
      parties hereto hereby irrevocably and unconditionally consents to submit to
      the
      exclusive jurisdiction of the courts of the State of New York and of the United
      States of America, in each case located in the County of New York, for any
      action, proceeding or investigation in any court or before any governmental
      authority ("Litigation") arising out of or relating to this Agreement and the
      transactions contemplated hereby (and agrees not to commence any Litigation
      relating thereto except in such courts), and further agrees that service of
      any
      process, summons, notice, or document by U.S. registered mail to its respective
      address set forth in this Agreement, or such other address as may be given
      by
      one or more parties to the other parties in accordance with the notice
      provisions of Article VII, shall be effective service of process for any
      Litigation brought against it in any such court. Each of the parties hereto
      hereby irrevocably and unconditionally waives any objection to the laying of
      venue of any Litigation arising out of this Agreement or the transactions
      contemplated hereby in the courts of the State of New York or the United States
      of America, in each case located in the County of New York, and hereby further
      irrevocably and unconditionally waives and agrees not to plead or claim in
      any
      such court that any such Litigation brought in any such court has been brought
      in an inconvenient forum. 

    

    8.2.
      Amendment.
      This
      Agreement may be amended, modified or terminated only by an instrument in
      writing signed by all parties.

    

    8.3.
      No
      Assignment.
      Neither
      this Agreement nor any right or obligation provided for herein may be assigned
      by any party without the prior written consent of the other
      parties.

    

    8.4.
      Successors.
      The
      terms and provisions of this Agreement shall be binding upon and inure to the
      benefit of, and be enforceable by, the respective successors and assigns of
      the
      parties hereto.

    

    8.5.
      Counterparts.
      The
      Agreement may be executed in any number of counterparts, with the same effect
      as
      if all parties had signed the same document. All such counterparts shall be
      deemed an original, shall be construed together and shall constitute one and
      the
      same instrument. This Agreement may be executed by facsimile
      signature.

    

    8.6.
      Construction.
      The
      language used in this Agreement shall be deemed to be the language chosen by
      the
      parties to express their mutual intent, and no rule of strict construction
      shall
      be applied against any party.

    

    8.8.
      Counterparts.
      The
      section headings contained in this Agreement are inserted for convenience only
      and shall not affect in any way the meaning or interpretation of this
      Agreement.

    

    8.8.
      Severability.
      Any
      term or provision of this Agreement that is invalid or unenforceable in any
      situation in any jurisdiction shall not affect the validity or enforceability
      of
      the remaining terms and provisions hereof or the validity or enforceability
      of
      the offending term or provision in any other situation or in any other
      jurisdiction. If the final judgment of a court of competent jurisdiction
      declares that any term or provision hereof is invalid or unenforceable, the
      parties agree that the court making the determination of invalidity or
      unenforceability shall have the power to limit the term or provision, to delete
      specific words or phrases, or to replace any invalid or unenforceable term
      or
      provision with a term or provision that is valid and enforceable and that comes
      closest to expressing the intention of the invalid or unenforceable term or
      provision, and this Agreement shall be enforceable as so modified.

    

    [signature
      pages follow]

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Loan Agreement to be duly
      executed as of the day and year first above written. 

     

    
      	 	 	 
	 	BORROWER:
	 	 
	 	ACCESS ENERGY INC.
	 
 	 
 	 
 
	 	By:  	/s/ Paul
              Parisotto
	 	
              

              Name:
                Paul Parisotto

              Title:
                President

            
	 	 

      	 	 	 
	 	LENDER:
	 	 
	 	BLACKSANDS PETROLEUM, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Darren
              Stevenson
	 	
              

              Name:
                Darren Stevenson

            
	 	Title:
              President

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    [Form
      of Note]

    

    

    
      
        
        

      

      11Promissory
      Note

    

    
      	
              CDN$250,000

            	
              May
                17th, 2007

            

    

    

    FOR
      VALUE
      RECEIVED, ACCESS ENERGY INC. (hereinafter called “Borrower”) hereby promises to
      pay to the order of BLACKSANDS PETROLEUM, INC. (hereinafter called “Lender”),
      the principal sum of CDN$250,000 (two hundred fifty thousand Canadian dollars)
      (the “Loan”) in lawful money of the United States of America and in immediately
      available funds. 

    

    1. The
      outstanding principal balance of this Note, together with accrued and unpaid
      interest thereon, shall be due and payable no later than the earlier of (i)
      August 7, 2007, (ii) the date of closing of the Investment (as defined in a
      Loan
      and Security Agreement; the “Loan Agreement”) of even date herewith by and
      between Borrower and Lender), or (iii) such other date as may be mutually agreed
      upon by the parties. The date such repayment is due is sometimes referred to
      as
      the “Due Date”. Upon the closing of the Investment, all
      indebtedness evidenced hereby shall be deemed canceled and paid in
      full.

    

    2. The
      Loan
      shall bear interest at the rate of nine percent (9%) per annum on the full
      amount of the Loan, such interest to commence accruing on the date hereof and
      payable at the start of each calendar month preceding the Due Date.

    

    3. Interest
      shall be calculated on the basis of a year of three hundred sixty (360) days
      applied to the actual days on which there exists an unpaid balance under this
      Note.

    

    4. Upon
      an
“Event of Default,” as defined in the Loan Agreement described below, the rate
      of interest accruing on the amount of the entire Loan of this Note shall
      increase to fifteen percent (15%) per annum. Such default interest rate shall
      continue until all defaults are cured.

    

    5. This
      Note
      is subject to the terms of the Loan Agreement of even date herewith by and
      between Borrower and Lender. All capitalized and undefined terms herein shall
      have the meaning given them in the Loan Agreement. 

    

    6. Upon
      the
      occurrence of an Event of Default under the Loan Agreement, the entire principal
      amount outstanding hereunder and all accrued interest hereon, together with
      all
      other sums due hereunder, shall, as provided in the Loan Agreement, after the
      expiration of the applicable Cure Period become immediately due and payable.
      If
      such Event of Default is cured within the Cure Period, including but not limited
      to (i) by payment in full of the entire principal amount outstanding hereunder
      and all accrued interest hereon, together with all other sums due hereunder,
      or
      (ii) by the consummation of an Investment, then all indebtedness evidenced
      hereby shall be deemed canceled and paid in full. 

    

    Notwithstanding
      the foregoing, if an Event of Default is cured prior to the end of the Cure
      Period (including, but not limited to, an Event of Default pursuant to Section
      6.1(d) of the Loan Agreement), Borrower shall use its best efforts to ensure
      that the Investment and the Transactions are consummated.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7. In
      addition to the rights and remedies given it by this Note and the Loan
      Agreement, Lender shall have all those rights and remedies allowed by applicable
      laws. The rights and remedies of Lender are cumulative and recourse to one
      or
      more right or remedy shall not constitute a waiver of the others. Borrower
      shall
      be liable for all commercially reasonable costs, expenses and attorneys’ fees
      incurred by Lender in connection with the collection of the indebtedness
      evidenced by the Note. 

    

    8. To
      the
      extent permitted by applicable law, Borrower waives all rights and benefits
      of
      any statute of limitations, moratorium, reinstatement, marshalling, forbearance,
      valuation, stay, extension, redemption, appraisement and exemption now provided
      or which may hereafter be provided by law, both as to itself and as to all
      of
      its properties, real and personal, against the enforcement and collection of
      the
      indebtedness evidenced hereby. 

    

    9. All
      notices, requests, demands, and other communications with respect hereto shall
      be in writing and shall be delivered by hand, sent prepaid by a
      nationally-recognized overnight courier service or sent by the United States
      or
      Canadian mail, certified, postage prepaid, return receipt requested, at the
      addresses designated in the Loan Agreement or such other address as the parties
      may designate to each other in writing. 

    

    10. This
      Note
      or any provision hereof may be waived, changed, modified or discharged only
      by
      agreement in writing signed by Borrower and Lender. Borrower may not assign
      or
      transfer its obligation hereunder without the prior written consent of Lender.
      

    

    11. The
      term
“Borrower” shall include each person and entity now or hereafter liable
      hereunder, whether as maker, successor, assignee or endorsee, each of whom
      shall
      be jointly, severally and primarily liable for all of the obligations set forth
      herein. 

    

    12. If
      any
      provision of this Note shall for any reason be held invalid or unenforceable,
      such invalidity or unenforceability shall not affect any other provision of
      this
      Note, but this Note shall be construed as if this Note had never contained
      the
      invalid or unenforceable provision. 

    

    13. This
      Note
      shall be governed by and construed in accordance with the domestic laws of
      the
      State of New York, without giving effect to any choice of law provision or
      rule.
      Any controversy or dispute arising out of or relating to this Note shall be
      settled solely and exclusively in accordance with the provisions of the Loan
      Agreement, dated as of even date herewith, which provisions are incorporated
      by
      reference herein as though fully set forth. 

    

    [signature
      page follow]

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned Borrower has caused the due execution of this
      Note as of the day and year first herein above written. 

    

    
      	 	 	 
	 	ACCESS
              ENERGY INC.
	 
 	 
 	 
 
	Date: 	By:  	/s/ Paul
              Parisotto
	 	
              
Name:
              Paul Parisotto
	 	Title:
              President

    

     

    

    
      
        
        

      

      3

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