X0306 4 2021-04-28 0 0001590715 American Resources Corp AREC 0001697936 Sauve Thomas M. PO BOX 606 FISHERS IN 46038 1 1 0 0 President Class A Common Stock 2021-04-28 4 M 0 58127 1.05 A 4394137 D Class A Common Stock 2021-04-28 4 M 0 9401 1.05 A 10287 I Beneficially owned through Westside Advisors LLC, of which reporting person owns 40.0% Class A Common Stock 2021-04-28 4 M 0 886 1.5 A 10287 I Beneficially owned through Westside Advisors LLC, of which reporting person owns 40.0% Class A Common Stock 49701 I Beneficially owned through T Squared Capital LLC, of which reporting person owns 40.0% Convertible Debt 1.05 2021-04-28 4 C 0 61033.06 1.05 D Class A Common Stock 58127 0 D Convertible Debt 1.05 2021-04-28 4 C 0 9871.02 1.05 D Class A Common Stock 9401 0 I Beneficially owned through Westside Advisors LLC, of which reporting person owns 40.0% Warrant 1.5 2021-04-28 4 X 0 886 1.5 D 2020-06-01 2022-06-01 Class A Common Stock 886 0 I Beneficially owned through Westside Advisors LLC, of which reporting person owns 40.0% Represents conversion of convertible debt held by Reporting Person. Represents conversion of convertible debt held indirectly by Reporting Person. Represents exercise of warrants held indirectly by Reporting Person. Reporting Person converted all of its Convertible Debt and accrued interest held in Issuer. Represents conversion of convertible debt and accrued interest held by Reporting Person. Convertible debt convertible into Class A Common Shares of American Resources Corporation at $1.05 per share at discretion of holder. Convertible debt matures on 04/14/2022. Entity for which Reporting Person is a beneficial owner converted all of its Convertible Debt and accrued interest held in Issuer. Represents conversion of convertible debt and accrued interest held indirectly by Reporting Person. Convertible debt convertible into Class A Common Shares of American Resources Corporation at $1.05 per share at discretion of holder. Convertible debt matures earliest on 06/01/2022. Entity for which Reporting Person is a beneficial owner exercised all of its Warrants held in Issuer. Warrant exercisable into Class A Common Stock of American Resources Corporation at an exercise price of $1.50 per share any time up until the expiration date at discretion of the holder. Thomas M. Sauve 2021-04-29