X0303 4 2008-07-01 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 2008-07-01 4 J 0 302100 0.82 A 1699259 D 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 itnerest payments to Opus in the form of shares of NATK common stock, $.001 par value ("Common Stock"). Second quarter interest due and payable to Opus was $247,722.22. The Common Stock value (determined as of the 20 trading days prior to July 1, 2008) was $0.82 which resulted in the issuance of 302,100 shares of Common Stock to Opus. /s/ Sammons VPC, Inc., Managing Member by Heather Kreager, Senior Vice President 2008-07-03