EXHIBIT 99.1
Joint Filing Agreement
The undersigned hereby agree that the statements on Schedule 13D with respect to the Common Stock of Bulova Technologies Group, Inc. dated as of February 25, 2013 is, and any amendments thereto (including amendments on Schedule 13G), signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: | December 24, 2014 | Fieldstone Affiliates, LLC |
/s/ Gary Lee Shapiro | | By /s/ Gary Lee Shapiro | |
Print Name:Gary Lee Shapiro | | Print Name:It’s Manger | |
Print Name:Colleen Stacy Shapiro
Print Name: David Richard Shapiro
/s/William Edward McMillen |
Print Name:William Edward McMillen
/s/Elizabeth Jane McMillen |
Print Name:Elizabeth Jane McMillen
Print Name:Rachel Shapiro McKim
Print Name:Ryan McKim
GARY LEE SHAPIRO
Reporting Person
Schedule 13D
Exhibit A
PREFERRED SHARES OWNED GARY L SHAPIRO DIRECTLY
| Date | | | | | | Beneficially owned thru | | | Method of | |
| Acquired | | | # of Shares | | | Fieldstone Affiliates, LLC | | | Acquiring Shares | |
| | | | | | | | | | | |
| - | | | - | | | (800,000,000 – see reporting on Exhibit F) | | | AF | |
COMMON SHARES OWNED
| | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | |
| 4/25/2014 | | | $ 0.119 | | | 3,000,000 | | | NuView IRA, Inc., FBO Gary Shapiro Roth IRA | | | PF | |
WARRANTS
| | | | # of | | | | | | | | | Method of | |
| Date | | | Warrants/ | | | | | | Exercise | | | Acquiring | |
| Acquired | | | Shares | | | Owner | | | Price | | | Warrants | |
| | | | | | | | | | | | | | |
| 10/3/2013 | | | 1,980,851 | | | NuView IRA Inc. FBOGary Shapiro Roth IRA | | | $ .02 | | | AF | |
| 9/1/2013 | | | 3,166,667 | | | NuView IRA Inc. FBOGary Shapiro Roth IRA | | | $ .02 | | | AF | |
| 9/4/2014 | | | 5,000,000 | | | NuView IRA Inc. FBOGary Shapiro Roth IRA | | | $ .02 | | | AF | |
| 9/4/2014 | | | 10,000,000 | | | NuView IRA Inc. FBOGary Shapiro Roth IRA | | | $ .02 | | | AF | |
| TOTAL | | | 20,147,518 | | | | | | | | | | |
COLLEEN STACY SHAPIRO
Reporting Person
Schedule 13D
ExhibitB
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
| | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | |
| 4/25/2014 | | | $ 0.119 | | | 3,000,000 | | | NuView IRA, Inc., FBO Colleen Stacy Shapiro Roth IRA | | | PF | |
WARRANTS
| | | | # of | | | | | | | | | Method of | |
| Date | | | Warrants/ | | | | | | Exercise | | | Acquiring | |
| Acquired | | | Shares | | | Owner | | | Price | | | Warrants | |
| | | | | | | | | | | | | | |
| 10/3/2013 | | | 1,980,851 | | | NuView IRA Inc. FBO Colleen Stacy Shapiro Roth IRA | | | $ .02 | | | AF | |
| | | | | | | | | | | | | | |
| 9/1/2013 | | | 3,166,667 | | | Colleen Stacy Shapiro | | | $ .02 | | | AF | |
| | | | | | | | | | | | | | |
| 9/4/2014 | | | 5,000,000 | | | NuView IRA Inc. FBO Colleen Stacy Shapiro Roth IRA | | | $ .02 | | | AF | |
| | | | | | | | | | | | | | |
| 8/29/14 | | | 10,000,000 | | | NuView IRA Inc. FBO Colleen Stacy Shapiro Roth IRA | | | $ .02 | | | AF | |
| | | | | | | | | | | | | | |
| TOTAL | | | 20,147,518 | | | | | | | | | | |
DAVID RICHARD SHAPIRO
Reporting Person
Schedule 13D
ExhibitC
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
| | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | |
| 4/25/2014 | | | $ 0.119 | | | 2,000,000 | | | NuView IRA, Inc., FBO David Shapiro Roth IRA | | | PF | |
WARRANTS
NONE
WILLIAM EDWARD MCMILLEN
Reporting Person
Schedule 13D
ExhibitD
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
| | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | |
| 4/25/2014 | | | $ 0.119 | | | 1,000,000 | | | NuView IRA, Inc., FBO William McMillen Roth IRA | | | PF | |
WARRANTS
| | | | # of | | | | | | | | | Method of | |
| Date | | | Warrants/ | | | | | | Exercise | | | Acquiring | |
| Acquired | | | Shares | | | Owner | | | Price | | | Warrants | |
| | | | | | | | | | | | | | |
| 9/1/2013 | | | 3,166,667 | | | William McMillen | | | $ .02 | | | AF | |
ELIZABETH JANE MCMILLEN
Reporting Person
Schedule 13D
Exhibit E
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
| | | | | | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | | | | | | |
| 4/25/2014 | | | | $ 0.119 | | | | 1,000,000 | | | NuView IRA, Inc., FBO Elizabeth McMillen Roth IRA | | | PF | |
WARRANTS
NONE
FIELDSTONE AFFILIATES, LLC
Reporting Person (Partnership)
Schedule 13D
ExhibitF
PREFERRED SHARES OWNED
| Date | | | | | | Price per | | | | | | Method of | |
| Acquired | | | # of Shares | | | Share | | | Owner | | | Acquiring Shares | |
| | | | | | | | | | | | | | |
| 2/25/2013 | | | 800,000,000 | | | $0.00001 | | | Fieldstone Affiliates,LLC (beneficial ownerGary L. Shapiro – seereporting on Exhibit A) | | | PF | |
RACHELSHAPIRO MCKIM
Reporting Person
Schedule 13D
ExhibitG
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
| | | | | | | | | | | | | Method of | |
| Date | | | Price per | | | | | | | | | Acquiring | |
| Acquired | | | Share | | | # of Shares | | | Owner | | | Shares | |
| | | | | | | | | | | | | | |
| 4/25/2014 | | | $ 0.119 | | | 2,000,000 | | | NuView IRA, Inc., FBORachel Shapiro McKimRoth IRA | | | PF | |
WARRANTS
NONE
RYAN MCKIM
Reporting Person
Schedule 13D
ExhibitH
PREFERRED SHARES OWNED
NONE
COMMON SHARES OWNED
NONE
WARRANTS
| | | | # of | | | | | | | | | Method of | |
| Date | | | Warrants/ | | | | | | Exercise | | | Acquiring | |
| Acquired | | | Shares | | | Owner | | | Price | | | Warrants | |
| | | | | | | | | | | | | | |
| 9/1/2013 | | | 3,961,702 | | | Ryan McKim | | | $ .02 | | | AF | |
Bulova Technologies Group | Exhibit I | |
Bulova Technologies Machinery | | |
Notes Payable | | |
November 30, 2015 | | |
| | | | | | Principal | | | Loan | | | Forbearance | |
NOTE: THE ENTITIES LISTED BELOW ARE AFFILIATES OF THE REPORTING PERSONS | | Loan | | | | Balance | | | Maturity | | | Agreement - Note C | |
| | Date | | | | | | | Date | | | | |
BORROWER: BTGI | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Lender NFC III | | | | | | | | | | | | | |
NFC III (Stacy Shapiro) | | 4/24/2013 | | | | 3,500.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 4/24/2013 | | | | 3,500.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 4/25/2013 | | | | 51,015.85 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 4/26/2013 | | | | 10,000.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 5/1/2013 | | | | 27,303.50 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 5/10/2013 | | | | 10,500.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 5/19/2013 | | | | 25,000.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 5/31/2013 | | | | 115,000.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 6/17/2013 | | | | 75,000.00 | | | POD | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 6/27/2013 | | | | 40,000.00 | | | POD | | | 11/30/2015 | |
NFC III (S V Associates) | | 7/24/2013 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
NFC III (S V Associates) | | 7/31/2013 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
NFC III (SV Associates) | | 8/11/2013 | | | | 100,000.00 | | | POD | | | 11/30/2015 | |
Grid Note - Note B | | | | | $ | 560,819.35 | | | | | | | |
| | | | | | | | | | | | | |
NFC III -Note A | | 2/24/2013 | | | | 400,000.00 | | | POD | | | 11/30/2015 | |
NFC III (Stacy Shapiro CSS) | | 7/11/2013 | | | | 5,000.00 | | | 12/31/2014 | | | 11/30/2015 | |
NFC III (Fieldstone Affiliates) | | 9/30/2013 | | | | 75,000.00 | | | 12/31/2014 | | | 11/30/2015 | |
NFC III (Craigmore Corporation) | | 10/15/2013 | | | | 30,000.00 | | | 10/14/2016 | | | 11/30/2015 | |
NFC III (Shapiro Fam. D I) | | 10/30/2013 | | | | 100,000.00 | | | 12/31/2014 | | | 11/30/2015 | |
NFC III (Gary Shapiro) | | 1/17/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
NFC III | | 2/13/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
NFC III (SFNextGen) | | 3/6/2014 | | | | 100,000.00 | | | POD | | | 11/30/2015 | |
NFC III | | 3/12/2014 | | | | 5,000.00 | | | POD | | | 11/30/2015 | |
NFC III | | 3/13/2014 | | | | 5,000.00 | | | POD | | | 11/30/2015 | |
Total NFC III Loans | | | | | $ | 1,296,819.35 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Lender SIII Associates | | | | | | - | | | | | | | |
SIII Associates (note Max $1,435,000) | | 11/8/2013 | | | | 878,688.00 | | | 3/31/2014 | | | 11/30/2015 | |
Payment | | 5/8/2014 | | | | (54,932.73 | ) | | | | | | |
| | | | | | 823,755.27 | | | | | | | |
| | | | | | | | | | | | | |
SIII Associates | | 11/27/2013 | | | | 518,000.00 | | | 3/31/2014 | | | 12/31/2014 | |
SIII Associates | | 2/26/2014 | | | | 7,000.00 | | | POD | | | 11/30/2015 | |
SIII Associates | | 2/27/2014 | | | | 3,000.00 | | | POD | | | 11/30/2015 | |
Total SIII Associates Loans | | | | | $ | 1,351,755.27 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Lender Bulova Tech. Machinery | | | | | | | | | | | | | |
Bulova Tech.Machinery LLC | | 7/18/2013 | | | | 60,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 2/7/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 3/27/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 4/23/2014 | | | | 40,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 6/5/2014 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 6/13/2014 | | | | 10,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 6/20/2014 | | | | 15,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 7/3/2014 | | | | 20,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 7/8/2014 | | | | 15,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 7/16/2014 | | | | 10,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 7/23/2014 | | | | 10,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 8/1/2014 | | | | 5,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 8/13/2014 | | | | 7,000.00 | | | POD | | | 11/30/2015 | |
Bulova Tech.Machinery LLC | | 8/26/2014 | | | | 12,000.00 | | | POD | | | 11/30/2015 | |
Total BTM Loans | | | | | $ | 270,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender Craigmore Machinery | | | | | | | | | | | | | |
Craigmore Machinery Co. LLC | | 12/27/2013 | | | | 20,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. LLC | | 1/24/2014 | | | | 20,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. LLC | | 1/31/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. LLC | | 7/10/2014 | | | | 43,000.00 | | | POD | | | 11/30/2015 | |
Total CMC Loans | | | | | $ | 91,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender SV Associates | | | | | | | | | | | | | |
SV Associates | | 1/9/2014 | | | | 41,000.00 | | | POD | | | 11/30/2015 | |
Total SV Associates Loans | | | | | $ | 41,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender Tropico Equity Partners | | | | | | | | | | | | | |
Tropico Equity Partners, LLC | | 2/3/2014 | | | | 68,160.78 | | | POD | | | 11/30/2015 | |
Total Tropico Equity Partners Loans | | | | | $ | 68,160.78 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Total for Principal loans BTG | | | | | $ | 3,118,735.40 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
BORROWER: BTM | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Lender Shapiro D-1 Trust | | | | | | | | | | | | | |
Shapiro D-1 Trust | | 7/10/2013 | | | | 100,000.00 | | | POD | | | 11/30/2015 | |
Shapiro D-1 Trust | | 10/8/2013 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
| | | | | | | | | | | | | |
Shapiro D-1 Trust | | 4/28/2014 | | | | 400,000.00 | | | 4/28/2017 | | | 4/28/2017 | |
Total Shapiro D-1 Trust Loans | | | | | $ | 550,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender Craigmore Machinery | | | | | | | | | | | | | |
Craigmore Machinery Co. | | 8/15/2013 | | | | 49,212.40 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. | | 8/15/2013 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. | | 9/1/2013 | | | | 5,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. | | 1/9/2014 | | | | 30,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. | | 7/15/2014 | | | | 75,000.00 | | | POD | | | 11/30/2015 | |
Craigmore Machinery Co. | | 8/12/2014 | | | | 60,000.00 | | | POD | | | 11/30/2015 | |
Total for CMC Loans | | | | | $ | 269,212.40 | | | | | | | |
| | | | | | | | | | | | | |
Lender GLS | | | | | | | | | | | | | |
Gary Shapiro | | 9/10/2013 | | | | 75,000.00 | | | POD | | | 11/30/2015 | |
Gary Shapiro | | 12/10/2013 | | | | 50,000.00 | | | POD | | | 11/30/2015 | |
Total for GLS Loans | | | | | $ | 125,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender Rachel 2002 Irrevocable | | | | | | | | | | | | | |
Rachel 2002 Irrevocable Trust | | 2/14/2014 | | | | 31,500.00 | | | POD | | | 11/30/2015 | |
Rachel 2002 Irrevocable Trust | | 4/3/2014 | | | | 20,000.00 | | | POD | | | 11/30/2015 | |
Total for Rachel 2002 Irr.Trust Loans | | | | | $ | 51,500.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender Banyan Capital Finance | | | | | | | | | | | | | |
Banyan Capital Finance | | 3/12/2014 | | | | 15,000.00 | | | POD | | | 11/30/2015 | |
Banyan Capital Finance | | 2/25/2014 | | | | 8,000.00 | | | POD | | | 11/30/2015 | |
Total for Banyan Capital F. Loans | | | | | $ | 23,000.00 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Lender Colleen S.2007 T | | | | | | | | | | | | | |
Colleen S.2007 Trust | | 4/23/2014 | | | | 160,000.00 | | | POD | | | 11/30/2015 | |
Total for Collen S. 2007 Trust Loans | | | | | $ | 160,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Lender SIII Associates | | | | | | | | | | | | | |
S III Associates | | 5/8/2014 | | | | 100,000.00 | | | POD | | | 11/30/2015 | |
Total for S III Associates Loans | | | | | $ | 100,000.00 | | | | | | | |
| | | | | | | | | | | | | |
Total for Principal and Interest BTM | | | | | $ | 1,278,712.40 | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
Grand Total for BTM & BTGI Loans | | | | | | 4,397,447.80 | | | | | | | |
Intercompany | | | | | | (270,000.00 | ) | | | | | | |
Grand Total (net of Intercompany) | | | | | $ | 4,127,447.80 | | | | | | | |
Note A: As part of this credit extension of $4,000,000 Warrants were issued as follows:
FBO Gary L. Shapiro 1,980,851
FBO Colleen Stacy Shapiro 1,980,851
FBO Ryan McKim 3,961,702
Note B: Warrants for loan extensions of 560,819.35 were issued
FBO Gary L Shapiro 3,166,667
FBO Colleen Stacy Shapiro 3,166,667
FBO William McMillen 3,166,667
Note C: the Reporting Persons received 30,000,000 Warrants as part of a Forbearance Agreement and interest rate reduction as follows:
FBO Colleen Stacy Shapiro 15,000,000 Warrants
FBO Gary L Shapiro 15,000,000 Warrants
From time to time Mr Shapiro and his affiliates make loans and advances available to the Issuer. As of November 24, 2014, in addition to the above loans for which warrants were issued as scheduled above, Mr Shapiro and his affiliates have advanced the Company approximately $497,818.50. These affiliated entities have a blanket lien on all of the Issuer's and it's subsidiaries assets.