Schedule of Advances and Equity Conversion between Lender and Beard Pinnacle, LLC (Exhibit A)
This document lists a series of cash advances made to Beard Pinnacle, LLC from October 2005 to December 2006, totaling $11,210,000. It also notes that $2,800,000 of previous advances were converted into equity in the company on September 29, 2006. The schedule is an amendment to Exhibit A, effective December 21, 2006, and is initialed for approval. The document serves as a record of the amounts and dates of each advance and the equity conversion.
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 |
|
|
| December 21, 2006 | 265,000,000 |
|
|
| Total | $11,210,000.00 |
|
|
|
|
|
|
_______________
*To reflect the conversion of $2,800,000 of the previous advances to equity in Beard Pinnacle, LLC.
| (Exhibit A as amended effective December 21, 2006) | /s/HMJr |
|
| (Initials) |
