Freedom Stop ConocoPhillips By omalleyll Jun 1, 2005 Met with Star Fuel Centers, Inc. regarding building store Period: Jun 1, 2005 to Aug 22, 2008 Freedom Stop ConocoPhillips Jun 30, 2005 Contracted with David Greer, archtect Sep 14, 2005 Obtained City of Raymore approval to construct store Sep 30, 2005 Site study was completed by Steve Terrill Oct 1, 2005 Contacted Gary Fruits with CBT Nov 27, 2005 Delivered all loan documents to CBT c/o Gary Fruits Nov 29, 2005 Contracted with John Willis as contractor Dec 10, 2005 Received 1st commitment letter from CBT Dec 28, 2005 Bids were returned in excess of $2.2 million, began revising project Jan 15, 2006 Gary Fruits refused revisions, insisted on Fagan and Associates to build for $1.8 mil Jan 20, 2006 Contracted with Fagan and Associates as contractor at the request of CBT Feb 20, 2006 Received 2nd commitment letter from CBT for $1.8 million construction loan and 2-yr mini perm Feb 27, 2006 Closed construction loan/ Commenced construction Aug 1, 2006 Fagan projected he was $400k under budget Aug 15, 2006 Fagan advised bank he was $525k over budget Aug 28, 2006 CBT approved overages to date Oct 27, 2006 Freedom Stop opened for business Nov 5, 2006 Received invoices for additional $500+k in overages Dec 22, 2006 CBT Board met with FS and reneged on miniperm financing Mar 1, 2007 CBT closed on unrelated c-store construction loan with Fagan as contractor Mar 30, 2007 CBT filed foreclosure while payments were current May 1, 2007 FS pledged $500k additional collateral to halt foreclosure Jun 28, 2007 CB extended Note, did not fund overages Oct 1, 2007 CBT funded overages Jan 23, 2008 CBT filed foreclosure, $22k mo. payment was 30 days past due Feb 21, 2008 FS filed suit against CBT in Cass County, Missouri Apr 14, 2008 FS filed Chapter 11 Bankruptcy May 15, 2008 Lawsuit was removed from circuit court and became an adversary filing in the bankruptcy Aug 22, 2008 CBT seized by Kansas Banking Commissioner, Thomas Thull