Schedule of Advances and Equity Conversion between Lender and Beard Pinnacle, LLC (Exhibit A, Amended October 2, 2006)
This document lists a series of cash advances made to Beard Pinnacle, LLC between October 2005 and October 2006, totaling $8,970,000. On September 29, 2006, $2,800,000 of these advances were converted into equity in Beard Pinnacle, LLC. The schedule is an amended Exhibit A, effective October 2, 2006, and is signed to confirm the accuracy of the advances and the equity conversion.
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| Exhibit A | |
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| Schedule of Advances | |
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Date | Amount of Advance |
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| October 7, 2005 | $ 400,000.00 |
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| November 4, 2005 | 700,000.00 |
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| January 24, 2006 | 250,000.00 |
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| February 2, 2006 | 625,000.00 |
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| February 8, 2006 | 750,000.00 |
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| February 22, 2006 | 865,000.00 |
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| March 8, 2006 | 1,015,000.00 |
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| March 22, 2006 | 766,834.56 |
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| March 23, 2006 | 123,165.44 |
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| April 12, 2006 | 415,000.00 |
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| May 4, 2006 | 940,000.00 |
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| May 23, 2006 | 835,000.00 |
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| June 21,2006 | 655,000.00 |
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| July 3, 2006 | 660,000.00 |
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| July 26, 2006 | 600,000.00 |
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| August 14, 2006 | 675,000.00 |
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| August 28, 2006 | 530,000.00 |
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| September 29, 2006* | (2,800,000.00) |
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| October 2, 2006 | 965,000.00 |
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| Total | $ 8,970,000.00 |
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| *To reflect the conversion of $2,800,000 of the previous advances to equity in Beard Pinnacle, LLC. |
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| /s/ HMJ |
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| (Exhibit A as amended effective October 2, 2006) | (Initials) |
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