X0202 4 2007-10-01 0 0000808013 NORTH AMERICAN TECHNOLOGIES GROUP INC /TX/ NATK 0001358365 Opus 5949, LLC 5949 SHERRY LANE SUITE 1900 DALLAS TX 75225 0 0 1 0 Common Stock, $.001 par value 2007-10-01 4 J 0 120099 2.07 A 732036 D The amount of shares due Opus as payment of the interest in kind was reduced by 708 shares to correct an error in the second quarter PIK shares issued. NATK and its subsidiaries, TieTek LLC and TieTek Technologies, Inc., are parties to a Construction Loan Agreement dated February 4, 2004, as amended, with Opus 5949 LLC ("Opus") (the "Construction Loan") with a principal amount of $14,000,000. On July 7, 2005, the parties entered into an Amended and Restated Promissory Note ("Amended and Restated Note") pursuant to which NATK may make quarterly interest payments to Opus in the form of shares of NATK common stock, $.001 par value ("Common Stock"). Third quarter interest due and payable to Opus was $250,444.44. The Common Stock value (determined as of the 20 trading days prior to October 1, 2007) was $2.07310 which would have resulted in the issuance of 120,807. However, the number of PIK shares paid was reduced by 708 shares to account for a mistake in the second quarter PIK shares calculation. Effective September 7, 2007, the Common Stock was subject to a 20 to 1 reverse stock split. The shares indicated reflect the are post-reverse stock split. /s/ Sammons VPC, Inc., Managing Member by Pam Doeppe, Vice President and Treasurer 2007-10-03