ex10_1.htm


    
      

    

    
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                IN
      THE UNITED STATES BANKRUPTCY COURT

                FOR
      THE SOUTHERN DISTRICT OF TEXAS

                HOUSTON
      DIVISION

              	
                ENTERED

                02/04/2009

                 

              


      

    

    
      


    

    


    
      
        	
                IN
      RE:

              	 
      	
                §

              	 
      	
                CASE
      NO. 08-38121

              
	 
      	 
      	
                §

              	 
      	 
      
	
                YAZOO
      PIPELINE CO., L.P., ET AL.,

              	 
      	
                §

              	 
      	
                Chapter
      11

              
	 
      	 
      	
                §

              	 
      	 
      
	
                DEBTORS.

              	 
      	
                §

              	 
      	
                (Jointly
      Administered)

              


      

    

    
      


    

    
      INTERIM
ORDER AUTHORIZING

    

    
      DEBTORS
TO ENTER INTO DEBTOR-IN-POSSESSION

    

    
      FINANCING PURSUANT TO 11
U.S.C. §§ 364(c)

    

    
      


    

    
      This
matter coming on to be heard on the Emergency Motion (I) for Order Authorizing
Debtors to Enter into Debtor-In-Possession Financing Pursuant to 11 U.S.C. §§
364(c), (d) and (II) Request for Final Hearing (the "Motion"), filed by Yazoo
Pipeline Co., L.P., Matagorda Operating Company, and Sterling Exploration &
Production Co., LLC, debtors and debtors-in-possession in the above captioned
jointly administered case (the "Debtors"); the Court having reviewed the Motion
and having heard the statements of counsel in support of the relief requested
therein at an interim hearing before the Court (the "Interim Hearing"); it
appearing to the Court that (a) the Court has jurisdiction over this matter
pursuant to 28 U.S.C. §§ 157, and 1334 and (b) this is a core proceeding
pursuant to 28 U.S.C. § 157(b)(2); the Court finding that notice of the Motion
and the Interim Hearing under the circumstances was sufficient, and having
determined that the legal and factual bases set forth in the Motion and at the
Interim Hearing establish just cause for the interim relief granted
herein:

    

    
      


    

    
      NOW,
THEREFORE, IT IS HEREBY ORDERED THAT:

    

    
      


    

    
      1.          The
Debtors are hereby authorized to borrow money and perform their obligations
hereunder
and in accordance with, and subject to, the terms of this Interim
Order.

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      
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      2.           The
DIP Financing (as that term is defined in the Motion) is approved, on an interim
basis, in accordance with the terms set forth in the Letter Agreement attached
hereto as Exhibit "A."

    

    
      


    

    
      3.           The
Debtors may borrow up to $115,724.20 between the date of the entry of this
Interim Order and the date of the Final Hearing, in accordance with the budget
attached hereto as Exhibit "B."

    

    
      


    

    
      4.           Any  amounts  funded
to the Debtors by Houston American Energy,  Corp. ("HAEC")
shall (i) have priority over any or all administrative expenses of the kind
specified in section
503(b) or 507(b) of the Bankruptcy Code; (ii) be secured by a lien on all
property of the Debtors'
estates that is not otherwise subject to a lien; and (iii) be secured by a
junior lien on property of the estate that is subject to a lien, without the
necessity for HAEC to file financing statements, deeds of trust, or any other
document typically required under applicable non-bankruptcy law required for
perfection of liens.

    

    
      


    

    
      5.           The
Final Hearing is scheduled for February 20, 2009 at 2:00 p.m. The Debtors
shall
provide notice of the Final Hearing by mailing a copy of this Interim Order to
the parties on the
Debtors' service list. Any party objecting to the relief sought at the Final
Hearing shall file an
objection and serve the objection on Okin Adams & Kilmer LLP, attn.
Christopher Adams, 1113 Vine
Street, Suite 201, Houston, Texas 77002 not later than 5 days before the Final
Hearing.

    

    
      


    

    
      Date:
February   4,. 2009

    

    
      


    

    
      
        	 
      	 
      
	 
      	
                UNITED
      STATES BANKRUPTCY JUDGE

              


      

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      
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      LETTER AGREEMENT 

      Date:
February 3. 2009

    

    
      


    

    
      
        	
                Re:

              	
                In re Yazoo Pipeline Co., LP.,
      Matagorda Operating Company, and Sterling Exploration & Production
      Co., LLC, Jointly Administered under Case No. 08-38121, in. the
      Bankruptcy Court for the Southern District of Texas (the "Bankruptcy
      Court"}; debtor-in-possession loan from. Elliptical. Production
      LLC;

              


      

    

    
      


    

    
      Houston
American Energy Corp. ("HAEC") enters into this Letter Agreement (-'Agreement*')
with Yazoo Pipeline Co., L.P., Matagorda Operating Company, and Sterling
Exploration & Production Co,, LLC ("Debtors")- debtors and debtors in
possession in. the above referenced jointly administered bankruptcy ease, for
the purpose of providing debtor in possession financing (''DIP Financing') to
Debtors under the terms provided herein and in the proposed interim and final
debtor-in-possession orders.

       

    

    
      Subject
to the Bankruptcy Court entering its interim and final orders approving the DIP
Financing, HAEC agrees to provide DIP Financing to the Debtors pursuant to the
following terms and restrictions:

    

    
      


    

    
      
        	
                
                

              	
                ·

              	
                Amount:   Maximum  total   advances   of
      $300,000   (the   "Maximum   Borrowing
      Amount"), bearing interest at ten (10%) percent per annum until paid. The
      initial advances made by HAEC after approval of this Agreement on an
      interim bases shall not exceed the Interim Funding Amount (defined below).
      HAEC will advance up to     the Maximum Borrowing
      Amount provided that such advances are for purposes-and in amounts set.
      forth in: a budget acceptable to HAEC after approval by the Court of the
      DTP facility and budget on a. final basis under 11 U.S.C. § 364. The
      Maximum Borrowing Amount may include: (a) prior to entry of an order
      approving a sale of • Debtors' assets to HAEC, not more than $75,000
      for payment
      of Debtors' professional   fees allowed by order of the
      Bankruptcy Court; and (b) after entry of an. order approving the sale of
      Debtors' assets to HAEC and upon closing of such sale, not more than the
      remaining unadvanced balance, if any, of the Maximum Borrowing Amount for
      payment of Debtors' professional fees allowed by order of the Bankruptcy
      Court; provided further, however, that none of the funds advanced pursuant
      to the DIP Financing may be used to pay professionals to assert and/or
      pursue adverse claims against HAEC that may arise out of this or any other
      agreement or dealings in this bankruptcy case.   In the
      event of a Terminating Event, professionals and the United States Trustee
      shall have a carve-out. from the collateral securing this DIP Financing in
      the amount of S35,000.

              


      

    

    
      


    

    
      
        	
                
                

              	
                ·

              	
                Interim
      Funding Amount: Up to $115,724.20 to be advanced by HAEC and expended by
      Debtors strictly for the purposes and in the amounts set forth on the
      attached budget. The sum of up to $72,915,09 shall be advanced by HAEC
      upon entry of an interim order approving this Agreement. Subsequent
      advances up to, but. not-exceeding, the Interim Funding Amount shall be
      made for purposes and in amounts set forth in the attached budget, upon
      written request by Debtors.("Funding Request''). Within 2 business days of
      receipt of the Funding Request, HAEC will fund to the Debtors'
      debtor-in-possession bank account, by check, wire transfer, or electronic
      transfer, the amount requested in the Funding Request, up to but not
      exceeding the Interim Funding
Amount.

              


      

    

    
      


    

    
      


    

    
      Houston
American Enery Corp

    

    
      


    

    
      801
Travis Street,
Suite 1425  ●  Houston,
TX 77002  ●  Telephone
713.222.6966  ●  Facsmile  713.22.6440

    

    
      


    

    
      EX
A

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      
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                ·

              	
                Term:
      The earlier of ninety (90) days from entry of an interim order approving
      this DIP Financing (unless terminated prior to maturity --: see
      terminating events), or the date on which a sale of Debtors' assets to
      HAEC pursuant to the terms set forth below is consummated, in which case
      ail amounts advanced, all accrued interest and all expenses due under the
      tonus of the DIP agreement, including attorneys' fees, shall be deemed
      paid in full as of the closing of such sale to
  HAEC;

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Interest
      Simple interest of 10% per
annum.

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Priority:

              


      

    

    
      


    

    
      (A) On an
interim basis:

    

    
      


    

    
      
        	
              	
                ·

              	
                (i)
      With priority over any or all administrative expenses of the kind
      specified in section 503(b) or 507(b) of the Bankruptcy Code; (ii) secured
      by a lien on all property of the Debtors' estates that is not otherwise
      subject to a lien; and (hi) secured by a junior lien on. property of the
      estate that is subject to a lien.(B) On a final basis: With a senior lien
      on all property of the Debtors' estates, save and except that such senior
      lien shall not prime the liens securing the claims of the State of Texas
      arising under the oil, gas and mineral leases described on the attached
      schedule.

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Books
      and Records: HAEC and its professionals shall have full and immediate
      access to all financial books and records of the Debtors and their
      accountants during normal business hours. HAEC may inspect and copy
      (whether in paper, electronic or digital format) the books and records and
      remove such copies from Debtors' place of
  business,

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Restrictions
      on Expenditures: No expenditure of DIP funds is permitted unless for the
      purposes and. in the amounts provided in the budget attached to the Order
      approving' DIP financing.   Debtors shall provide HAEC with
      proof reasonably satisfactory to HAEC that it has expended the funds in
      accordance with the budget.   Failure to comply with the
      foregoing terms shall constitute acts of default under the DIP lending
      agreement.

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Debtors
      shall execute a promissory note, and such deeds of trust, security
      agreements and other loan documents as may reasonably be required by HAEC
      to evidence the indebtedness and perfect the required liens and security
      interests provided herein.

              


      

    

    
      


    

    
      Sale of
Assets to HAEC: As a condition of HAEC's obligations to make advances under the
DIP facility provided under this Agreement, Debtors agree to negotiate in good
faith and diligently prosecute and support Bankruptcy Court, approval (by
confirmed Plan or order entered pursuant to 11. U.S.C. § 363, as HAEC may elect)
of an agreement for the sale to HAEC or its nominee of Debtors' assets,
including all rights to all seismic data, including seismic data owned by
Matbay, LLC (and all interests of Charles Cheatham or his familiy members or
affiliates in such assets), save and except the Reserved Assets, as defined
below, free and clear of all liens, claims and encumbrances on substantially the
following terms and conditions:

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      
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                (a)

              	
                HAEC
      shall pay $5.6 million, or the amount necessary to pay all allowed claims
      against Debtors, whichever is less. If the total allowed claims are less
      than $5..3 million, HAEC shall pay 50% of the difference to Debtors as
      additional consideration for the sale of Debtors"
  assets.

              


      

    

    
      


    

    
      
        	
              	
                (b)

              	
                HAEC
      shall pay Debtors an additional $400,000, payable $100,000 quarterly,
      beginning ninety (90) days after the closing of sale, provided that
      Charles Cheatham performs required consulting services over a one year
      period as required by HAEC and abides by an Area of Mutual
      Interest/Non-Compete Agreement within the area comprising the Counties in
      which existing prospects and assets of Debtors are located and all
      contiguous Counties, within such one year period. Charles Cheatham shall
      act as a consultant to HAEC during the one year following the closing of
      sale, and shall be compensated in the amount of $10,000 per month,
      provided that be devotes his full time and attention to assisting HAEC in
      operating and developing the acquired properties during such one year
      period. Charles Cheatham shall serve as directed by HAEC, at its sole
      discretion, and all final decisions as to the operation to the properties
      shall be at the sole discretion of HAEC. To the extent Debtors or their
      affiliates have acted as operators of any of their leases under applicable
      JOA's, it is understood and agreed that HAEC or the entity of its choice
      shall serve as operator(s) following the closing of
  sale.

              


      

    

    
      


    

    
      
        	
              	
                (c)

              	
                Reserved
      Assets: Sterling shall reserve a 15% working interest in all of its oil,
      gas and mineral, leases and a 15% interest in all other tangible assets of
      Sterling, such as production platforms, equipment and infrastructure
      facilities located thereon (proportionately reduced to Sterling's
      interest). Sterling shall immediately be required to pay its share of all
      JIB and AFE expenses and abide by the terms of all applicable JOA's (ie,
      this will not. be a carried interest). Likewise, Yazoo shall retain a 15%
      interest in its assets, proportionately reduced to Yazoo's
      interest.

              


      

    

    
      


    

    
      
        	
              	
                (d)

              	
                Break-up
      Fee: The Plan or motion to sell shall, provide that a break-up fee of
      $200,000 and all amounts clue and owing under (the DIP facility would be
      due and payable to HAEC out of the proceeds of sale should Debtors sell,
      their assets to a party other than HAEC or its
  nominee.

              


      

    

    
      


    

    
      
        	
              	
                (e)

              	
                All
      of the foregoing being subject to customary due diligence, acceptable
      title to the properties, customary representations and warranties and
      definitive agreements acceptable to HAEC's counsel, in his sole
      discretion.

              


      

    

    
      


    

    
      
        	
              	
                ·

              	
                Terminating
      events: dismissal of case; conversion to chapter 7; appointment of
      trustee; appointment of examiner; confirmation of a plan that does not pay
      or satisfy the full balance due under the DIP Financing according to the
      terms hereof, including accrued interest, immediately upon the effective
      date of the plan; entry of an order lifting the stay to allow enforcement
      a judgment, lien or security interest against any portion of the assets of
      the Debtor's estate.

              


      

    

    
      


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      
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                        HOUSTON
      AMERICAN ENERGY CORP.

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By:

                      	/s/
      John F. Terwilliger
	 
      	 
      	
                        Name:

                      	John
      F. Terwilliger
	 
      	 
      	
                        Its

                      	
                        President

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                        Accepted
      by:

                      	 
      	
                        YAZOO
      PIPELINE CO., L.P.

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By:.

                      	
                        Matagorda
      Operating Company, its General Partner

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By:

                      	
                        /s/  Robert
      C. Cheatham

                      
	 
      	 
      	
                        Name:

                      	
                        Robert
      C. Cheatham

                      
	 
      	 
      	
                        Title:

                      	
                        President

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        STERLING
      EXPLORATION & PRODUCTION CO., L.L.C.

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By:

                      	
                        Matagorda
      Operating Company, its Manager

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By:

                      	
                        /s/  Robert
      C. Cheatham

                      
	 
      	 
      	
                        Name:

                      	
                        Robert
      C. Cheatham

                      
	 
      	 
      	
                        Title:

                      	
                        President

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        MATAGORDA
      OPERATING COMPANY

                      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                        By-

                      	
                        /s/  Robert
      C. Cheatham

                      
	 
      	 
      	
                        Name:

                      	
                        Robert
      C. Cheatham

                      
	 
      	 
      	
                        Title:

                      	
                        President

                      


              

            

          

        

      

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    

    
       

      
        
          
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                  GLO
      SEQ

                	
                  ST#

                	
                  DSCRPTN

                	
                  LOCATION

                	
                  OPERATOR

                
	
                  GLO
      LEASE#

                	 
      	
                   
      

                	 
      	 
      	 
      
	 
      	
                  1

                	
                  106

                	
                  N/2

                	
                  MAT
      BAY

                	
                  CAMTERRA

                
	
                  MF098644

                	
                  2

                	
                  106

                	
                  S/2

                	
                  MAT
      BAY

                	
                  CAMTERRA

                
	
                  MF098645

                	
                  3

                	
                  87

                	 
      	
                  MAT
      BAY

                	
                  CAMTERRA

                
	
                  MF100558

                	
                  4

                	
                  171

                	
                  #2,3

                	
                  MAT
      BAY

                	
                  MAIN
      ENERGY

                
	
                  MF066160

                	
                  5

                	
                  173

                	 
      	
                  MAT
      BAY

                	
                  MAIN,
      STERLING

                
	
                  MF075870

                	
                  6

                	
                  181

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF066162

                	
                  7

                	
                  130

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF087956

                	
                  8

                	
                  65

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF100557

                	
                  9

                	
                  105

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF102118

                	
                  10

                	
                  53

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF101112

                	
                  11

                	
                  59

                	
                  S

                	
                  HI
      60

                	
                  STERLING

                
	
                  MF093224
      & 93469

                	
                  12

                	
                  60

                	
                  N/2

                	
                  HI
      60

                	
                  STERLING

                
	
                  MF093069

                	
                  13

                	
                  51

                	
                  S/2

                	
                  HI
      60

                	
                  STERLING

                
	
                  MF093213

                	
                  14

                	
                  95

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF103187

                	
                  15

                	
                  71

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF103352

                	
                  16

                	
                  193

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF062801

                	
                  17

                	
                  194

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                
	
                  MF073324

                	
                  18

                	
                  308

                	 
      	
                  MAT
      BAY

                	
                  STERLING

                


        

      

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    

    


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                      COMBINED
      CASH EXPENSES 2009

                    	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 
	
                      CASH
      DISBURSEMENTS

                    	 	
                      02/03/09

                    	 	 	
                      2/07/09-2/28/09

                    	 	 	
                      02/03/09-02/28/09

                    	 
	
                      KROGER-SUPPLIES
      FOR JEFFERSON COUNTY FIELD WORKERS

                    	 	 	1,276.96	 	 	 	 	 	 	1,276.96	 
	
                      STATE
      OF TEXAS-SEVERANCE TAXES DEC 2008 FOR MATAGORDA BAY GAS

                    	 	 	996.41	 	 	 	 	 	 	996.41	 
	
                      R.
      CHARLES CHEATHAM-FEB 2009 CONSULTING FEE

                    	 	 	7,500.00	 	 	 	7,500.00	 	 	 	15,000.00	 
	
                      BARCO
      BAY-JAN 2009-COMPRESSOR RENTAL-CALHOUN/MATAGORDA BAY PRODUCTION &
      SERVICE

                    	 	 	4,200.00	 	 	 	 	 	 	 	4,200.00	 
	
                      PAYROLL
      DUE 2/3/09 FOR TWO WEEKS ENDING 1/30/09

                    	 	 	21,820.91	 	 	 	 	 	 	 	21,820.91	 
	
                      INSURANCE-GENERAL
      LIABILITY & UMBRELLA-FLATIRON PREM FIN FOR GENERAL LIABILITY-JAN
      2009

                    	 	 	4,474.12	 	 	 	 	 	 	 	4.474.12	 
	
                      INSURANCE-HEALTH
      INSURANCE-BLUE CROSS-BLUE SHIELD-EMPLOYEE HEALTH INSURANCE-JAN
      2009

                    	 	 	6,216.99	 	 	 	 	 	 	 	6,216.99	 
	
                      INSURANCE-HEALTH
      INSURANCE-PRINCIPAL FINANCIAL EMPLOYEE GROUP DENTAL INS-JAN
      2009

                    	 	 	443.75	 	 	 	 	 	 	 	443.75	 
	
                      INSURANCE-EMPLOYEE
      LIFE INSURANCE-FT DEARBON LIFE -EMPLOYEE TERM LIFE

                    	 	 	141.50	 	 	 	 	 	 	 	141.50	 
	
                      INSURANCE
      WORKMAN'S COMP-AMERICAN INTNL GRP-JAN PREM-DUE 1/29/09

                    	 	 	2,013.00	 	 	 	 	 	 	 	2,013.00	 
	
                      GRAY
      WIRELINE SERVICE-ST 194 WELL #5-2 DAYS CHARGE TO PLUG WELL

                    	 	 	7,000.00	 	 	 	 	 	 	 	7,000.00	 
	
                      COMPRESSOR
      RENTAL-JEFFERSON CTY JAN 2009-EXTERRAN

                    	 	 	15,130.45	 	 	 	 	 	 	 	15,130.45	 
	
                      SOUTHERN
      FLOW COMPANIES GAS ANALYSIS DOW PIPELINE-YAZOO
      12/29,/31/08/1/21/09

                    	 	 	593.00	 	 	 	 	 	 	 	593.00	 
	
                      WOOD
      GROUP PRODUCTION SERVICES, INC.JAN 2009 RENTAL GENERATOR
    HI-60

                    	 	 	1,108.00	 	 	 	 	 	 	 	1,108.00	 
	
                      RYAN
      MARINE -BOAT SERVICE TO HI-60-JAN 2009

                    	 	 	 	 	 	 	8,801.64	 	 	 	8,801.64	 
	
                      GULF
      COAST COMPANIES, INC-HI 60-GLYCOL-JAN 2009

                    	 	 	 	 	 	 	3,665.00	 	 	 	3.665.00	 
	
                      GULF
      COAST MEASUREMENT-HI-60 REPAIRS-JAN 2009

                    	 	 	 	 	 	 	1,555.20	 	 	 	1,555.20	 
	
                      ACCENT
      BUSINESS PRODUCTS, INC-1099 FORMS FOR 2008

                    	 	 	 	 	 	 	123.14	 	 	 	123.14	 
	
                      MICRO
      COMMUNICATION-HI 60 RIG COMMUNICATIONS FOR JANUARY 2009

                    	 	 	 	 	 	 	2,489.75	 	 	 	2,489.75	 
	
                      XO
      COMMUNICATIONS JANUARY 2009 COMMUNICATION-OFFICE &
      INTERNET

                    	 	 	 	 	 	 	1,518.92	 	 	 	1,518.92	 
	
                      VERIZON
      WIRELESS-CELL PHONE USE JAN 2009

                    	 	 	 	 	 	 	875.95	 	 	 	875.95	 
	
                      GRIFFIN
      PARTNERS LTD-RENT JANUARY 2009

                    	 	 	 	 	 	 	8,184.09	 	 	 	8,184.09	 
	
                      PRIVATE
      MINI STOREAGE-FILE STORE FOR JAN 2009

                    	 	 	 	 	 	 	235.00	 	 	 	235.00	 
	
                      MATCHEK
      GAUGING-GAUGING-JAN-DOW PIPELINE

                    	 	 	 	 	 	 	600.00	 	 	 	600.00	 
	
                      AGGREKO-GENERATOR
      RENTAL-JAN 2009-JEFFERSON COUNTY PRODUCTION

                    	 	 	 	 	 	 	6,285.42	 	 	 	6,285.42	 
	
                      US
      TRUSTEE-MINIMUM QUARTERLY FEE 4TH QTR 2008

                    	 	 	 	 	 	 	975.00	 	 	 	975.00	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                      TOTAL
      EXPENSES

                    	 	 	72,915.09	 	 	 	42,809.11	 	 	 	115,724.20	 


            

          

        

      

    

     

     

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