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.
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 |
2