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Gold/Mining/Energy : EVFL - Evolution Fuels, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: shortsinthesand who wrote (77)	12/20/2006 5:04:55 PM
From: Rascal	Read Replies (1) \| Respond to of 175

Just saw Julia explaining EBOF to Oprah. (A repeat from 11/28.) Julia Roberts speaks about School Bus America on The Oprah Winfrey Show, Nov. 28. 2006. “My husband Danny and I just came on board with a company called Earth Biofuels. We're doing a program now, School Bus America, because school buses in this country are diesel. All of these buses can be changed over to biodiesel.” Rascal@OntheRoad.com

To: shortsinthesand who wrote (77)	7/5/2007 6:36:45 PM
From: Rascal	Read Replies (4) \| Respond to of 175

* Isn't this date incorrect? 5-Jul-2007 Entry into a Material Definitive Agreement Item 1.01. Entry into a Material Definitive Agreement On August 31, 2006, Earth Ethanol, Inc., ("Earth Ethanol"), a Delaware corporation and a wholly owned subsidiary of Earth Biofuels, Inc., executed a Contribution and Purchase Agreement by and between Earth Ethanol, HPS Development, L.L.C., a Louisiana limited liability company ("HPS"), and South Louisiana Ethanol, L.L.C., a Louisiana limited liability company ("SLE"). SLE owns a former ethanol production facility located on a site in Plaquemines Parish, Louisiana. On December 15, 2006, the Company filed an action arising from a claim for breach of contract and default by SLE under the terms of the agreement. On June 15, 2007, the parties entered into a Consent Judgment and Settlement Agreement ("Settlement Agreement") to resolve the disputes. Under the Settlement Agreement, HPS must pay Earth Ethanol $3 million by June 18, 2006* as an initial payment, and then on or before 30 days from the initial payment, HPS must pay Earth Ethanol an additional $1 million as a second payment. Additionally, HPS delivered a promissory note payable to Earth Ethanol in the principal amount of $18 million, to be paid out of the cash flows of the SLE ethanol production facility in Plaquemines Parish, Louisiana, repayments beginning no later than August 31, 2008. Any breach of HPS' obligations will entitle Earth Ethanol to equitable relief or other remedies for such breach including recovery of damages. For further information in accordance with Item 1.01, please reference exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being filed herewith: 99.1 Consent Judgment and Settlement Agreement, dated June 15, 2007 Rascal@deadeye.com