{"url_path":"/sec/cik-0001631463/8-k/2026-08-11/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1631463/0001477932-26-004883-index.html","accession_number":"0001477932-26-004883","cik":"0001631463","ticker":null,"issuer_name":"Barrel Energy Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1631463/0001477932-26-004883-index.html","primary_entity_key":"0001631463","primary_entity_name":"Barrel Energy Inc."},"word_count":168,"has_tables":true,"body_markdown":"**Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**\n\n \n\nThe information set forth in Item 1.01 of this Current Report regarding the Note and the Note Purchase Agreement is incorporated by reference into this Item 2.03. On August 5, 2026, upon the funding and closing of the Note financing, the Company became obligated under the Note in the principal amount of $150,000, together with $15,000 of guaranteed interest. The Note is payable in twelve monthly installments of $13,750 commencing September 1, 2026 and matures on August 1, 2027, subject to earlier payment or acceleration. Upon an Event of Default, default interest may accrue at the lesser of 22% per annum or the maximum rate permitted by law, and the Investor may accelerate an amount equal to 150% of the outstanding principal and accrued and unpaid interest, together with other amounts due under the Note, and may elect payment in cash or common stock as provided in the Note."}