| Schedule of Participants In Credit Facility |
The following table shows the directors, executive officer and principal stockholder that participated in the Goldline Credit Facility transaction, and provides related information:
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Goldline Lenders |
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Position/Relationship |
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Amount of Company Indebtedness Acquired (1)
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Gregory N. Roberts |
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Chief Executive Officer, Director and principal stockholder |
(2) |
$ |
587,500 |
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(2) |
William D. Richardson |
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Principal stockholder |
(3) |
587,500 |
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(3) |
Jeffrey D. Benjamin |
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Chairman of the Board and Director |
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1,000,000 |
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Ellis Landau |
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Director |
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375,000 |
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William Montgomery |
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Director |
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1,500,000 |
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Jess Ravich |
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Director |
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500,000 |
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(4) |
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4,550,000 |
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7 other persons |
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Non-affiliated members |
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2,950,000 |
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$ |
7,500,000 |
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_________________________________ |
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(1) |
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The amount shown is expected to remain outstanding throughout the term of the Goldline Credit Facility, with repayment due in August 2020. |
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(2) |
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Silver Bow Ventures LLC (“Silver Bow”) is the Lender. Mr. Roberts holds 50% of the ownership interests in and controls Silver Bow. Accordingly, the amount of indebtedness shown, and the interest amounts potentially payable on such indebtedness shown, represent 50% of the aggregate amounts of indebtedness held by and potential interest payable to Silver Bow. |
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(3) |
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Silver Bow is the Lender. Mr. Richardson holds 50% of the ownership interests in and controls Silver Bow. Accordingly, the amount of indebtedness shown, and the interest amounts potentially payable on such indebtedness shown, represent 50% of the aggregate amounts of indebtedness held by and potential interest payable to Silver Bow. |
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(4) |
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Libra Securities Holdings, LLC is the Lender. Mr. Ravich and a trust for his family members holds 100% of the ownership interests and controls Libra Securities Holdings, LLC. |
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