Schedule of Advances and Equity Conversion between Lender and Beard Pinnacle, LLC (Exhibit A, Amended November 27, 2006)
This document lists a series of cash advances made to Beard Pinnacle, LLC from October 2005 to November 2006, totaling $10,945,000. On September 29, 2006, $2,800,000 of these advances were converted into equity in Beard Pinnacle, LLC. The schedule was amended effective November 27, 2006, and is signed by an authorized party. The document outlines the dates and amounts of each advance and the equity conversion, serving as a financial record between the parties.
Exhibit A
Schedule of Advances
|
|
Date | Amount of Advance |
|
|
| October 7, 2005 | $ 400,000.00 |
|
|
| November 4, 2005 | 700,000.00 |
|
|
| January 24, 2006 | 250,000.00 |
|
|
| February 2, 2006 | 625,000.00 |
|
|
| February 8, 2006 | 750,000.00 |
|
|
| February 22, 2006 | 865,000.00 |
|
|
| March 8, 2006 | 1,015,000.00 |
|
|
| March 22, 2006 | 766,834.56 |
|
|
| March 23, 2006 | 123,165.44 |
|
|
| April 12, 2006 | 415,000.00 |
|
|
| May 4, 2006 | 940,000.00 |
|
|
| May 23, 2006 | 835,000.00 |
|
|
| June 21,2006 | 655,000.00 |
|
|
| July 3, 2006 | 660,000.00 |
|
|
| July 26, 2006 | 600,000.00 |
|
|
| August 14, 2006 | 675,000.00 |
|
|
| August 28, 2006 | 530,000.00 |
|
|
| September 29, 2006* | (2,800,000.00) |
|
|
| October 2, 2006 | 965,000.00 |
|
|
| October 4, 2006 | 129,000.00 |
|
|
| October 18, 2006 | 717,000.00 |
|
|
| November 9, 2006 | 729,000.00 |
|
|
| November 27, 2006 | 400,000.00 |
|
|
| Total | $10,945,000.00 |
|
|
|
|
|
|
_______________
*To reflect the conversion of $2,800,000 of the previous advances to equity in Beard Pinnacle, LLC.
| (Exhibit A as amended effective November 27, 2006) | /s/HMJr |
|
| (Initials) |
