Document:

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the Annual Report for Rainchief Energy Inc. (the
“Company”) on

Form 20-F for the year ended December 31, 2013 as filed with the
Securities and Exchange

Commission on the date hereof (the “Report), the undersigned,
Brad J. Moynes, Chief Financial Officer do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes- Oxley Act of 2002, that to the best of our knowledge:

 

 

(1)The Report fully complies with the requirements of section
13(a) of the Securities

Exchange Act of 1934; and

 

(2)The information contained in the Report fairly presents, in
all material respects, the

Financial condition and results of operations
of the Company.

 

 

By:

 

 

/s/ Brad J. Moynes

Brad J. Moynes

Chief Financial Officer

May
2, 2014CERTIFICATIONS

 

I, Brad J. Moynes certify that:

 

		1)	I have reviewed this Annual Report on Form
20-F for Rainchief Energy Inc;

 

		2)	Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

		3)	Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial condition, results
of operations and cash flows of the Company as of, and for, the periods presented in this report;

 

		4)	The Company's other certifying officer and
I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
Company and have:

 

		a)	designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during
the period in which this report is being prepared;

 

		b)	designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles; 

 

		c)	evaluated the effectiveness of the Company's
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and 

 

		d)	disclosed in this report any change in the
Company's internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting; and

 

		5)	The Company's other certifying officer and
I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and
the audit committee of Company's board of directors (or persons performing the equivalent function):

 

		a)	all significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect
the Company's ability to record, process, summarize and report financial information; and

 

		b)	any fraud, whether or not material, that
involves management or other employees who have a significant role in the Company's internal control over financial reporting.

 

 

 

Date: May 2, 2014

/s/ Brad J. Moynes

Brad J. Moynes

President & CFOCERTIFICATIONS

 

I, Paul E. Heney certify that:

 

		1)	I have reviewed this Annual Report on Form
20-F for Rainchief Energy Inc;

 

		2)	Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

		3)	Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial condition, results
of operations and cash flows of the Company as of, and for, the periods presented in this report;

 

		4)	The Company's other certifying officer and
I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
Company and have:

 

		a)	designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during
the period in which this report is being prepared;

 

		b)	designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles; 

 

		c)	evaluated the effectiveness of the Company's
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and 

 

		d)	disclosed in this report any change in the
Company's internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting; and

 

		5)	The Company's other certifying officer and
I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and
the audit committee of Company's board of directors (or persons performing the equivalent function):

 

		a)	all significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect
the Company's ability to record, process, summarize and report financial information; and

 

		b)	any fraud, whether or not material, that
involves management or other employees who have a significant role in the Company's internal control over financial reporting.

 

 

 

Date: May 2, 2014

/s/ Paul E. Heney

Paul E. Heney

CEO & ChairmanExhibit 10.1

 

SECURED PROMISSORY NOTE

 

Hydrocarb Energy Corporation 

800 Gessner Suite 375 

Houston, TX 77024

 

 

April 18.2014

 

FOR VALUE RECEIVED, Hydrocarb Energy Corporation, ("Maker") promises to pay to Kent P. Watts, an individual (the "Payee"), at such place as Payee may designate from time to time in writing, the principal sum of Six Hundred Thousand Dollars ($600,000.00) or so much of that sum as may be advanced under this Promissory Note.

 

$100,000 of this Note has already been advanced and is evidenced by an existing note payable to Payee by the Maker. The next installment of $200,000 shall occur immediately upon the signing of this Note and the remaining $300,000 shall occur on or before May 20, 2014.

 

Interest shall accrue on the unpaid principal balance at six and one quarter percent (6.25%) until the principal is paid in full.

 

Payments of principal and interest shall be made as provided below in the paragraph entitled "PAYMENT OF PRINCIPAL AND INTEREST."

 

PAYMENT OF PRINCIPAL AND INTEREST

 

Commencing from the funding of each amount of this note following the date of this promissory note, and continuing on the first day of each month thereafter Maker shall pay to Payee monthly payments of interest only for three (3) months following the date of this Promissory Note. Thereafter on the fourth month from closing of each funding, a thirty-six month amortization of principal shall begin and thereafter principal and interest shall be due payable on the first of every month thereafter until the principal balance is paid in full. In the event that payment of this note has not been received by Payee within (15) days following its due date then the loan will be considered in arrears and in default under the terms of this Note.

 

PROMISSORY NOTE

 

Advances under this Note may be requested orally by Maker. The Maker acknowledges that there is an existing note of $100,000 payable to Payee and that this debt has been rolled into this Note. The unpaid principal balance owing on this Note may be evidenced by endorsement or amendments to the Note or by Payee's internal records. Payee shall have no obligation to advance funds under this Note if Maker is in default under the terms of the Note or any agreement that Maker has with Payee, Maker ceases doing business or is insolvent.

1

PREPAYMENT PRIVILEGE

 

Principal and/or interest may be prepaid in whole or in part at any time without penalty. 

 

ACCELERATION

 

In the event that Maker shall default in the payment of interest or principal when due, and if such default shall continue for thirty (30) days following written notice from Payee to Maker, the whole sum of the principal balance and all accrued interest thereon shall become immediately due and payable at the option of Payee upon notice to Maker.

 

MISCELLANEOUS

 

Principal and interest are payable in lawful money of the United States. If Payee institutes a judicial action to collect on this Promissory Note, Maker promises to pay reasonable attorney's fees awarded by the court.

 

The payee is not obligated to make any advances after June 30, 2014. This note is secured by the Maker's direct and indirect interests in assets owned by Galveston Bay Energy LLC (the "GBE Assets") subject to any other lienholder's superior rights if any. Payee has the right to file a first lien security interest on GBE Assets when other liens have been paid in full.

 

MAKER:

 

Hydrocarb Energy Corporation 

800 Gessner Suite 375

Houston, TX 77024

	
By:

	
/s/ Charles Dommer

	
 

	
	
 

	
Charles Dommer, President

	
 

	

 

PAYEE:

 

	
By:

	
/s/ Kent P. Watts

	
 

	
 

	
Kent P. Watts

	
 

 

 

2

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