Gary Herick, Vice President of Finance of Hinto Energy, Inc., loaned the company $40,000, for a total of $140,000 over the last five months. Hinto Energy, Inc. ("the company") intends to issue a 120-day promissory note. As part of the terms of the promissory note, the company agreed that all $40,000 of the funds provided would be used for paying debt.