EXHIBT 10.3

PROMISSORY NOTE

$300,000.00

December 3, 2012

For value received money due to Pegasus Funds, LLC. as provided for in the May 1st, 2012 Agreement between Clark Scott LLC., predecessor to Core Resource Management, Inc. ("Core") and Pegasus Funds LLC. ("Pegasus"), Core Resource (the "Maker") agrees to pay Pegasus (the "Holder") $300,000 in 24 equal monthly installments and secure the Holder with CD's or similar collateral if requested. Installments on this non-interest bearing Note will begin on the first day of the month immediately following the successful completion of at least $2,000,000 in initial capital into Core.

Said collateral will be reduced by 50% on the first anniversary of the initial monthly installment and released on the second anniversary of the initial monthly installment.

THIS NOTE SHALL BE GOVERNED BY AND CONSTUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, APPLICABLE TO AGREEMENTS EXECUTED, DELIVERED AND PERFORMED IN THE CITY OF DALLAS, DALLAS COUNTY, TEXAS WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS RULES OR CHOICE OF LAWS THEREOF. VENUE FOR ANY ACTION ARISING HEREUNDER SHALL BE IN DALLAS COUNTY, TEXAS. THIS NOTE IS ENFORCEABLE IN ANY COURT OF COMPETENT JURISDICTION.

THIS NOTE REPRESENTS THE FINAL PROVISIONS OF THE MAY 1sT AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

EXECUTED as of the date first set forth above.

/s/
Robert Shuey III

Pegasus Funds LLC
/s/
James Clark
Clark Scott LLC/Core Resource Management