Arete Industries (ARET)

[Oilbull]

I am sure all investors out there like the idea that the management put up there own Money.All have a good weekend.:)

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Our officers and directors have advanced funds to pay for necessary expenses and costs of the Company. The following are the advances from the officers and directors:

As of December 31, 2010 and 2011, advances from related parties were unsecured and due on demand, as follows:

2010 2011

Advances – Donald W. Prosser , CEO & Director(2)
$ 220,000 $ 20,000
Advances – Donald W. Prosser (3)
4,290 4,100
Advances – Donald W. Prosser (1)
215,000
Advances – Charles L. Gamber, Director (3)
4,966
Advances – William W. Stewart, Director (3)
20,219 20,219
Advances – William W. Stewart (2)
75,000 25,000
Advances – Charles B. Davis, Director (2)
125,000
Advances – Charles B. Davis (2)
40,000 40,000

Balances $704,475 $ 109,319


http://www.sec.gov/Archives/edgar/data/820901/000119312512437824/d358669ds1a.htm#tx358669_8


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