0000909334-10-000088 Sample Contracts

AGREEMENT
Agreement • 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”.

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AMENDED AND RESTATED BUSINESS LOAN AGREEMENT
Business Loan Agreement • April 15th, 2010 • 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”).

AMENDMENT NO. 1 TO ACQUISITION AND JOINT DEVELOPMENT AGREEMENT
Acquisition and Joint Development Agreement • April 15th, 2010 • Beard Co /Ok • Industrial inorganic chemicals

THIS AMENDMENT NO. 1 TO ACQUISITION AND JOINT DEVELOPMENT AGREEMENT (the “Amendment”) made and entered into as of this 31st day of December, 2009, by and between Anderson Oil, Ltd., a Texas limited partnership (“Anderson Oil”), JRC Revocable Trust (the “JRC Trust”), Beard 1988 CRUT, LLC, an Oklahoma limited liability company (“Beard CRUT”), Salbertson, LLC, a Texas limited liability company (“Salbertson”), Hue Green, LLC, an Oklahoma limited liability company (“Green”), 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”) with respect to the following:

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