Tiger Oil and Energy, Inc. (OTCPK:TGRO) entered into enter into a callable convertible note agreement for gross proceeds of $600,000 on December 12, 2013. The note will bear interest at 5% per annum and the note will mature on December 12, 2014. The company will receive the funding in three equal tranches of $200,000 each. The transaction included participation from a nonrelated source. The investor has an option to continue to receive interest or convert the notes into common shares of the company at a conversion price of $0.50 per share.

Subsequent to December 31, 2013, the company has received $400,000 in funding in two different tranches.