OneRoof Energy, Inc. announced that the company and OneRoof Energy Group, Inc. have agreed to a financing in the total principal amount of $1,500,000. The $1,500,000 consists of a secured non-convertible note issued to Black Coral Capital, LLC, a current investor in OneRoof Energy. The Note is secured by the assets of the Company that are not otherwise pledged under project financings. The Available Assets are already pledged as security under the Company's senior credit agreements, as well as the agreements governing the Company's subordinated convertible notes. The Note is subject to substantially the same terms and conditions as the Company's outstanding subordinated convertible notes, with the following differences: the Note is not convertible into equity; the Note bears an interest rate of 16% per annum compounded monthly; and any voluntary prepayment of any installment of the Note requires the payment of a penalty equal to one-ninth (1/9) of the principal amount of the installment of the Loan, but no prepayment is required by the Note or permitted by the senior credit agreement. The proceeds from the Note will be used for general working capital purposes, including general and administrative, IT development and investment in solar projects.