Tiger Oil and Energy, Inc announced that it has entered into a security purchase agreement with Adar Bays, LLC for 7 convertible promissory notes for gross proceeds of $300,000 on January 22, 2018. The 8% convertible redeemable promissory first note has the principal amount of $75,000, and the second third fourth fifth sixth and seventh 8% convertible redeemable promissory notes have $37,500 each. Each note bears interest at the rate of 8% per annum, and is due and payable on January 22, 2019. The buyer may, at any time, send in a notice of conversion to the company for interest shares. In connection with each back-end note, the investor issued three recourse promissory notes to the in the principal amount of $37,500 to offset the back-end note and secured by the back-end note. The first two notes are each secured by the first note or substitute collateral having an appraisal value of $37,500. The remaining four noes are each secured by money placed into escrow equal to the principal amount of such note. The first note matures on January 22, 2019 with all additional notes maturing on January 22, 2019 as well, unless the company does not meet in that case both back-end notes and the notes may be both cancelled. The first note may be prepaid with the following penalties: if the first motes is prepaid within 90 days of the issuance date, then at 125% of the face amount plus any accrued interest, if the first note is prepaid after 90 days after the issuance date but less than 180 days after the issuance date, then at 150% of the face amount plus any accrued interest. The first note may not be prepaid after the 6th month anniversary. Such redemption must be closed and funded within three days of giving notice of redemption of the right to redeem shall be null and void. The back-end notes may not be prepaid, except that if the first note is redeemed by the company within six months of the issuance date of such note, all obligations of the company under the back-end notes and all obligations of the investor under the investor notes will be automatically be deemed satisfied and the back-end notes and the investor notes will be automatically be deemed cancelled and of no further force or effect. The investor may convert all or any amount the principal face amount of the notes then outstanding and accrued interest into shares at a price per share equal to 50% of the lesser of the lowest closing bid or the lowest trading price: twenty prior trading days, including the day upon which a notice of conversion is received by the company, or the twenty prior trading days immediately preceding the issuance date of the notes. The 10% convertible redeemable first promissory note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations. The first note was issued on January 22, 2018, less $3,750 in legal fees. Each of the remaining six notes shall be funded on a monthly basis from August 22, 2018 to January 22, 2019, each less $2,000 in legal fees.