LETTER LOAN AGREEMENTLetter Loan Agreement • May 14th, 2009 • Beard Co /Ok • Industrial inorganic chemicals
This Agreement sets forth the terms and conditions under which we have agreed to extend the maturity date of the current unpaid balance of $2,250,000.00 of the loan previously made to you in the principal amount of $3,000,000.00 (the “Loan”), which is no longer a revolving loan. Accordingly, as payments are made on the Loan, additional advances will no longer be permitted.
RELEASE OF AMENDED AND RESTATED NOMINEE AND SUBORDINATION AGREEMENTNominee and Subordination Agreement • May 14th, 2009 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
This Release of Amended and Restated Nominee and Subordination Agreement (the “Release”) is made as of the 8th day of May, 2009 (“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”), McElmo Dome Nominee, LLC, a limited liability company (“Nominee”) and The Beard Company (the “Company”).
