ASSET PURCHASE AGREEMENT by and between AIRGAS CARBONIC RESERVES, INC. ("Purchaser") and CARBONIC RESERVES ("Seller") and THE BEARD COMPANY and CLIFFORD H. COLLEN, JR. ("Shareholders")Asset Purchase Agreement • July 16th, 1997 • Beard Co /Ok • Industrial inorganic chemicals • Texas
ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT is made this 27th day of February, 1998, by TOBY B. TINDELL and CRISTIE R. TINDELL, husband and wife ("Seller"), and INTERSTATE TRAVEL FACILITIES, INC., an Oklahoma corporation ("Buyer"). NOW,...Asset Purchase Agreement • March 16th, 1998 • Beard Co /Ok • Industrial inorganic chemicals
LOAN AGREEMENT $24,000,000 LOANLoan Agreement • July 15th, 1998 • Beard Co /Ok • Industrial inorganic chemicals • New York
EXHIBIT 10(i) NONQUALIFIED STOCK OPTION AGREEMENT THIS NONQUALIFIED STOCK OPTION AGREEMENT (the "Option Agreement"), made as of this 1st day of April, 1997, by and between Richard D. Neely (the "Participant"), and ISITOP, Inc. (the "Company"): W I T N...Nonqualified Stock Option Agreement • March 31st, 1998 • Beard Co /Ok • Industrial inorganic chemicals
GUARANTY AGREEMENTGuaranty Agreement • July 15th, 1998 • Beard Co /Ok • Industrial inorganic chemicals • Delaware
EXHIBIT B AGREEMENT AND PLAN OF MERGER Agreement and Plan of Merger (the "Plan") dated as of ______________, 1997 by and between The Beard Company, an Oklahoma corporation ("Beard"), and The NBC Company, an Oklahoma corporation ("NBC"), herein...Agreement and Plan of Merger • July 16th, 1997 • Beard Co /Ok • Industrial inorganic chemicals
EXHIBIT 10(s) COMPENSATION AGREEMENT THIS COMPENSATION AGREEMENT (the "Agreement"), entered into between THE BEARD COMPANY (the "Company") and the WILLIAM M. BEARD AND LU BEARD 1988 CHARITABLE UNITRUST (the "Trust"), dated as of the 17th day of April,...Compensation Agreement • March 31st, 1998 • Beard Co /Ok • Industrial inorganic chemicals
Exhibit 10(aa) ASSET PURCHASE AND SALE AGREEMENT THIS AGREEMENT made as of the 4th day of May, 2001. BETWEEN:Asset Purchase and Sale Agreement • May 21st, 2001 • Beard Co /Ok • Industrial inorganic chemicals • Texas
CALL OPTION AGREEMENT This Call Option Agreement (the "Agreement") is entered into this 10th day of April, 1996, by and between THE BEARD COMPANY, an Oklahoma corporation ("Beard"), and Richard R. Dunning, Larry D. Hartzog, and Michael C. Black (with...Call Option Agreement • June 5th, 2006 • Beard Co /Ok • Industrial inorganic chemicals • Wyoming
OPERATION AND MAINTENANCE AGREEMENTOperation and Maintenance Agreement • July 15th, 1998 • Beard Co /Ok • Industrial inorganic chemicals
Exhibit 10(d) WHEN RECORDED RETURN TO: T. Michael Blake, Esq. McAfee & Taft 211 North Robinson, Suite 10th Floor Two Leadership Square Oklahoma City, Oklahoma 73102-7103 DEED OF TRUST, ASSIGNMENT OF PRODUCTION, SECURITY AGREEMENT, AND FINANCING...Beard Co /Ok • May 15th, 2003 • Industrial inorganic chemicals
March 3, 2006Letter Loan Agreement • May 22nd, 2006 • Beard Co /Ok • Industrial inorganic chemicals
EXHIBIT 10(t) INDEMNITY AGREEMENT THIS INDEMNITY AGREEMENT (the "Agreement") entered into between THE BEARD COMPANY (the "Company") and the WILLIAM M. BEARD AND LU BEARD 1988 CHARITABLE UNITRUST (the "Trust"), dated as of the 17th day of April, 1997....Indemnity Agreement • March 31st, 1998 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
Exhibit 10(c) DEED OF TRUST, ASSIGNMENT OF PRODUCTION, SECURITY AGREEMENT, AND FINANCING STATEMENT STATE OF COLORADO ) ) COUNTY OF MONTEZUMA ) DEED OF TRUST, ASSIGNMENT OF PRODUCTION, SECURITY AGREEMENT AND FINANCING STATEMENT dated as of May 16, 2002...Beard Co /Ok • November 14th, 2002 • Industrial inorganic chemicals
Upon execution of the Letter Agreement - US$12,500 March 1, 2005 - US$100,000 April 1, 2005 - US$90,000 May 1, 2005 - US$297,500 June 1, 2005 - US$100,000 July 1, 2005 - US$250,000 ---------- Total - US$850,000 ==========Beard Co /Ok • May 16th, 2005 • Industrial inorganic chemicals
W I T N E S S E T H:Assumption and Modification Agreement • December 3rd, 1999 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
Exhibit 10(g) AMENDED AND RESTATED NONQUALIFIED STOCK OPTION AGREEMENT THIS NONQUALIFIED STOCK OPTION AGREEMENT (the "Option Agreement"), made as of this 12th day of November, 1998, by and between Richard D. Neely (the "Participant"), and ISITOP, Inc....Nonqualified Stock Option Agreement • April 15th, 1999 • Beard Co /Ok • Industrial inorganic chemicals
AMENDED AND RESTATED BUSINESS LOAN AGREEMENTBusiness Loan Agreement • April 15th, 2009 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
THIS AGREEMENT is made effective as of December 8, 2008, by and among THE BEARD COMPANY, an Oklahoma corporation, having an address of Harvey Parkway, 301 NW 63rd Street, Suite 400, Oklahoma City, Oklahoma 73116 (“Borrower”) and FIRST FIDELITY BANK. N.A., a national banking association, whose address is 5100 North Classen, Oklahoma City, Oklahoma 73118 (“Lender”).
SUBORDINATION AND NOMINEE AGREEMENT This Subordination and Nominee Agreement (this "Nominee Agreement") is made as of the 21st day of May, 2004, by and between The William M. Beard and Lu Beard 1988 Charitable Unitrust (the "Unitrust"), Boatright...Subordination and Nominee Agreement • April 17th, 2006 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
November 13, 2003 SUPPLEMENTAL LETTER LOAN AGREEMENTSupplemental Letter Loan Agreement • March 30th, 2004 • Beard Co /Ok • Industrial inorganic chemicals
AMENDED LETTER LOAN AGREEMENTLetter Loan Agreement • April 16th, 2002 • Beard Co /Ok • Industrial inorganic chemicals
September 18, 1999Beard Co /Ok • November 22nd, 1999 • Industrial inorganic chemicals
Exhibit 10(aa) A subsidiary of MCN Energy Group Inc., Detroit. Ml MCN Bruce C. Schlansker 150 West Jefferson Avenue Telephone Investment Senior Vice President Suite 1800 (313) 256-5869 Corporation Detroit, Michigan 48226 (313) 256-5851 FAX December...Beard Co /Ok • April 15th, 1999 • Industrial inorganic chemicals
Exhibit 10.2 SECURITY AND COLLATERAL AGENT AGREEMENT THIS SECURITY AND COLLATERAL AGENT AGREEMENT is made as of January 26, 2005, by Investrust, N.A., a nationally chartered trust company (including any successor thereto, the "Collateral Agent"), The...Security and Collateral Agent Agreement • June 5th, 2006 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
ACQUISITION AND JOINT DEVELOPMENT AGREEMENTAcquisition and Joint Development Agreement • July 10th, 2009 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
THIS ACQUISITION AND JOINT DEVELOPMENT AGREEMENT (the “Agreement”) made and entered into as of this 30th day of June, 2009, by and between Beard Dilworth, LLC, an Oklahoma limited liability company (“BDLLC”), RSE Energy, LLC, an Oklahoma limited liability company (“RSE”), True Energy Exploration, LLC, an Oklahoma limited liability company (“True Energy”), Royal Energy, LLC, an Oklahoma limited liability company (“Royal Energy”), The Beard Company, an Oklahoma corporation (“Beard”), Subsurface Minerals Group, LLC, an Oklahoma limited liability company (“SMG”) and Beard Oil Company, a Delaware corporation (the “Operator”). RSE, True Energy and Royal Energy are referred to collectively as the “Purchasing Parties.” The Purchasing Parties, BDLLC, Beard and SMG are referred to collectively as the “Dilworth Field Owners.” The Dilworth Field Owners and the Operator are referred to collectively as the “Parties.”
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • April 1st, 2008 • Beard Co /Ok • Industrial inorganic chemicals
Borrower: The Beard Company 5600 N May Ave Suite 320 Oklahoma City, OK 73112 Lender: First Fidelity Bank N A Northwest Business Office P O Box 32282 Oklahoma City, OK 73123-0482 (405) 416-2222
CARBONIC RESERVES CHANGE IN CONTROL COMPENSATION AGREEMENT This Agreement, dated as of the 24th day of January, 1997, between CARBONIC RESERVES, ("CARBONIC"), a Nevada Corporation having its principal place of business at 10110 Huebner Road, San...Reserves Change in Control Compensation Agreement • May 14th, 1997 • Beard Co /Ok • Industrial inorganic chemicals • Texas
CONSENT AND AMENDMENT TO SUBORDINATION AGREEMENT AND RELEASESubordination Agreement and Release • April 14th, 2008 • Beard Co /Ok • Industrial inorganic chemicals
This Amendment to Subordination Agreement and Release (the “Amendment”) is made as of the 11th day of October, 2007 (“Effective Date”), by and among William M. Beard and Lu Beard, as Trustees of The William M. Beard and Lu Beard 1988 Charitable Unitrust (“Unitrust”), Boatright Family, L.L.C. (“Boatright”), and McElmo Dome Nominee, LLC, a limited liability company (“Nominee”).
DEED OF TRUST, ASSIGNMENT, SECURITY AGREEMENT AND FINANCING STATEMENT [YUMA COUNTY, COLORADO]Beard Co /Ok • April 17th, 2007 • Industrial inorganic chemicals
THIS DEED OF TRUST, ASSIGNMENT, SECURITY AGREEMENT AND FINANCING STATEMENT (herein called the “Mortgage”) is made effective as of March 28, 2006, between THE BEARD COMPANY (“Borrower”), and the PUBLIC TRUSTEE OF YUMA COUNTY, COLORADO (“Trustee”) for the benefit of FIRST FIDELITY BANK, N.A., a national banking association, 5101 North Classen, Oklahoma City, Oklahoma 73118 (the “Beneficiary”).
ENGAGEMENT AGREEMENTEngagement Agreement • July 15th, 2010 • Beard Co /Ok • Industrial inorganic chemicals
This AGREEMENT (“Agreement”) is made and entered into this 10th day of July, 2010, but effective as of June 17, 2010, by and among Beard Oil Company (“BOC”), a Delaware corporation whose principal place of business is 301 N.W. 63rd Street, Suite 400, Oklahoma City, OK 73116, Subsurface Minerals Group, LLC (“SMG”), an Oklahoma limited liability company, the additional working interest owners listed on Exhibit A that execute this Agreement, and GT FINANCIAL, INC., a Florida corporation (referred to as “GTF”), whose principal place of business is 999 Brickell Avenue, Suite 401, Miami, FL 33131.
SEPARATION AGREEMENTSeparation Agreement • May 18th, 2007 • Beard Co /Ok • Industrial inorganic chemicals • Pennsylvania
THIS SEPARATION AGREEMENT is made and entered into this 11th day of May, 2007 (the “Agreement”) by and among PinnOak Resources, LLC (“PinnOak”), Pinnacle Land Company PLC, a wholly owned subsidiary of PinnOak (“PLC”), Pinnacle Mining Company LLC, a wholly owned subsidiary of PinnOak (“PMC” and together with PLC, the “Pinnacle Companies”), Beard Pinnacle LLC (“BP”) and Beard Technologies Inc. (“BTI”).
AGREEMENTAgreement • April 15th, 2010 • Beard Co /Ok • Industrial inorganic chemicals
THIS AGREEMENT made and entered into as of this 25th day of September, 2009 by and between P. Jan Cannon (“CANNON”) and The Beard Company (“BEARD”), collectively hereafter referred to as the “PARTIES”.
Contract Operating AgreementContract Operating Agreement • November 20th, 2006 • Beard Co /Ok • Industrial inorganic chemicals
This Contract Operating Agreement is made and entered into this 19th day of October, 2005 (this “Agreement”), between Beard Technologies, Inc., an Oklahoma corporation (“BTI”), and Beard Pinnacle, LLC (“BP”), an Oklahoma limited liability company, with respect to the following circumstances:
Assignment and AssumptionAssignment and Assumption • November 20th, 2006 • Beard Co /Ok • Industrial inorganic chemicals
This Assignment and Assumption is made and entered into this 19th day of October, 2005, between Beard Technologies, Inc., an Oklahoma corporation (“BTI”), and Beard Pinnacle, LLC (“BP”), an Oklahoma limited liability company, with respect to the following circumstances:
June 25, 2004 AMENDMENT TO RESTATED AND AMENDED LETTER LOAN AGREEMENTLetter Loan Agreement • April 17th, 2006 • Beard Co /Ok • Industrial inorganic chemicals
Subsequent to the execution of the March 26 Agreement it was determined that the actual amount of the Loan is $2,785,000.00 and that the Borrower has paid $50,000.00 of the accrued interest due on the Loan to the date hereof. Accordingly, the parties have agreed that the March 26 Agreement be and the same is amended on the first page thereof to reflect under Item 3 that the Loan Amount is $2,785,000 and under Item 5 that the Indebtedness plus unpaid accrued interest shall be due and payable on April 1, 2006. The parties have further agreed that a Replacement Renewal and Extension Promissory Note dated as of March 26, 2004 shall be issued to replace the original Note.
