Wait, I see it now. Gamma Partners. The 250,000 number is a coincidence.
The Company evaluated subsequent events through December 5, 2011, when these consolidated
financial statements were available to be issued. PawnMart completed the funding of the Cherokee Pawn
acquisition in July 2011. In conjunction with the acquisition, PawnMart obtained a $2,750,000 subordinated
secured note from Gamma Partners, L.P., (“Gamma Note”) a limited partnership affiliated with Mr. Cummer.
The Gamma Note matures on September 30, 2013, bears interest at 15% per annum and is secured with a
subordinate lien of substantially all of PawnMart’s assets. The Gamma Note requires monthly payments
calculated at a rate of 7% per annum, with the remaining 8% per annum interest being accrued to maturity.
Gamma Partners also received a stock grant of 250,000 common shares of the Company in conjunction with the
loan and has the option to receive a portion of the accrued and unpaid interest in common shares of the
Company limited to 250,000 shares at a value of $1.00 per common share.