Schedule of Buyers and Reverse Stock Split Adjustment Agreement for EGPI Firecreek, Inc.

Contract Categories: Business Finance › Purchase Agreements
Summary

This document lists individuals who are to receive shares of EGPI Firecreek, Inc. common stock, specifying the number of shares each will receive and their addresses. It also details the effect of a planned 1-for-50 reverse stock split, which will reduce the total number of shares issued under the agreement. The agreement includes the dollar amount of debt for each party, their percentage of total debt, and the adjusted number of shares after the reverse split. The agreement is contingent on the reverse split becoming effective.

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EX-10.2 3 v204783_ex10-2.htm
Exhibit A
 
Schedule of Buyers

       
Number of
       
Shares of
Name
  
Address
  
Common Stock
         
Jerry McCart
  
215 Gail Lane
  
5,800,000
   
Sapulpa, OK  74066
    
         
Lora Crainshaw
  
3332 NW 170th CT
  
3,800,000
   
Edmond, OK  73003
    
         
Mark Morelli
  
11711 South Fulton Ave
  
1,400,000
   
Tulsa, OK  74137
    
         
Daniel Eckermann
  
20806 Madison Cove
  
8,200,000
   
Lago Vista, TX  78645
    
         
David Shepard
  
4510 South 86th East Ave
  
5,000,000
   
Tulsa, OK  74145
    
         
Wade Clark
  
4510 South 86th East Ave
  
5,000,000
   
Tulsa, OK  74145
    
         
Richard Howard
  
4906 East 88th Place
  
800,000
 
  
Tulsa, OK  74137
  
  
 
 
1
 
 
Exhibit A1
 
 Reverse stock split calculations / adjustments
 
EGPI Firecreek, Inc. has filed Form DEF 14C to effect a 1 for 50 reverse stock split of its common stock which has not been declared effective as of close of the Agreement, but which when declared effective will be applied uniformly to shares to be issued under this Agreement such that if the entire sixty million (60,00,000) shares were to be due to be issued under the terms of this Agreement prior to the reverse split being declared effective, would be reduced to one million two hundred thousand (1,200,000) shares when, and if, the reverse is declared effective.

The effect of the reverse is listed below:
 
Name
  
Dollar Amount
of Debt
    
Percentage of
Total Debt
    
Number of Common
Shares Issued
($0.01 Par Value)
    
Number of Common
Shares after 1:50
reverse split
  
Jerry McCart  
   $ 998,320.00       29 %     11,600,000       232,000  
Lora Crainshaw  
   $ 681,548.00       19 %     7,600,000       152,000  
Mark Morelli  
   $ 250,000.00       7 %     2,800,000       56,000  
Daniel Eckermann  
   $ 1,435,226.32       41 %     16,400,000       328,000  
David Shepard  
   $ -       0 %     10,000,000       200,000  
Wade Clark  
   $ -       0 %     10,000,000       200,000  
Rich Howard  
   $ 137,676.96       4 %     1,600,000       32,000  
   
                                
Total  
   $ 3,502,771.28               60,000,000       1,200,000  
 
 
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