On
March 12, 2021: (a) the PIE-1 Warrant was exercised by (i) PIE with respect to 25,000 shares
of Common Stock at an aggregate exercise price of $20,000, (ii) Mr. Mulacek with respect
to 175,000 shares of Common Stock at an aggregate exercise price of $140,000, (iii) Big Red
Revocable Trust with respect to 33,750 shares of Common Stock at an aggregate exercise price
of $27,000, and (iv) Five Sterling LP with respect to 32,500 shares of Common Stock at an
aggregate exercise price of $26,000; (b) the PIE-2 Warrant was exercised by (i) PIE with
respect to 25,000 shares of Common Stock at an aggregate exercise price of $25,000, (ii)
Mr. Mulacek with respect to 62,500 shares of Common Stock at an aggregate exercise price
of $62,500, (iii) Big Red Revocable Trust with respect to 37,500 shares of Common Stock at
an aggregate exercise price of $37,500, and (iv) Five Sterling LP with respect to 50,000
shares of Common Stock at an aggregate exercise price of $50,000; and (c) the PIE-3 Warrant
was exercised by (i) PIE with respect to 150,000 shares of Common Stock at an aggregate exercise
price of $60,000, (ii) Mr. Mulacek with respect to 569,129 shares of Common Stock at an aggregate
exercise price of $227,652, (iii) Big Red Revocable Trust with respect to 200,000 shares
of Common Stock at an aggregate exercise price of $80,000, and (iv) Five Sterling LP with
respect to 100,000 shares of Common Stock at an aggregate exercise price of $40,000. On March
24, 2021, the PIE-4 Warrant was exercised by (a) PIE with respect to 100,000 shares of Common
Stock at an aggregate exercise price of $56,400, (b) Mr. Mulacek with respect to 901,666
shares of Common Stock at an aggregate exercise price of $508,540, (iii) Big Red Revocable
Trust with respect to 100,000 shares of Common Stock at an aggregate exercise price of $56,400,
and (iv) Five Sterling LP with respect to 100,000 shares of Common Stock at an aggregate
exercise price of $56,400. The exercise prices under the PIE Warrants were funded using Mr.
Mulacek’s personal funds.
On
March 15, 2021, and March 16, 2021, Mr. Mulacek’s spouse purchased 724 shares of Common Stock at $5.0688 weighted average price
per share in the open market using her personal funds.
Between
March 15, 2021, and March 22, 2021, Five Sterling LP purchased 2,249 shares of Common Stock at $4.9277 weighted average price per share
in the open market using Mr. Mulacek’s personal funds.
On
March 30, 2021, the Company closed an offering of shares of Common Stock along with warrants to purchase shares of Common Stock. In connection
with such offering: (a) Mr. Mulacek’s spouse purchased 15,000 shares of Common Stock and a warrant to purchase up to 15,000 shares
of Common Stock at an exercise price of $2.00 per share for an aggregate purchase price of $21,000; (b) Big Red Revocable Trust purchased
7,500 shares of Common Stock and a warrant to purchase up to 7,500 shares of Common Stock at an exercise price of $2.00 per share for
an aggregate purchase price of $10,500; (c) Mr. Mulacek purchased 206,250 shares of Common Stock and a warrant to purchase up to 206,250
shares of Common Stock at an exercise price of $2.00 per share for an aggregate purchase price of $288,755; (d) PIE purchased 99,500
shares of Common Stock and a warrant to purchase up to 99,500 shares of Common Stock at an exercise price of $2.00 per share for an aggregate
purchase price of $139,300; and (e) Five Sterling LP purchased 15,000 shares of Common Stock and a warrant to purchase up to 15,000 shares
of Common Stock at an exercise price of $2.00 per share for an aggregate purchase price of $21,000. Such purchase prices were funded
using personal funds of Mr. Mulacek or his spouse. Mr. Mulacek assigned the warrant to purchase up to 206,250 shares of Common Stock
at an exercise price of $2.00 per share to Energy Evolution Master Fund, Ltd. (“EEF”) as to 150,000 shares and to an unaffiliated
third party as to the remaining 56,250 shares.
On
May 14, 2021, Empire New Mexico LLC, a Delaware limited liability company and wholly owned subsidiary of the Company d/b/a Green Tree
New Mexico, issued that certain Unsecured Convertible Note due May 9, 2022 in the aggregate principal amount of $1,500,000 (the “Unsecured
Convertible Note”) to Mr. Mulacek. The Unsecured Convertible Note was purchased using Mr. Mulacek’s personal funds.
Under the Unsecured Convertible Note, 100% of the principal amount outstanding together with accrued interest thereon may be converted
at a conversion price of $5.00 per share
into Common Stock, or an aggregate of 300,000 shares of Common Stock (without giving effect
to any interest that may be converted). Effective as of May 14, 2021, Mr. Mulacek converted
the Unsecured Convertible Note in full by acquiring 300,000 shares of Common Stock, then
contributed such 300,000 shares to EEF.