Copied from p54 of SEC filing/report
(Thanks to i.b.nora)
Here is the 9mil that Andra Sachs had no receipts for....
TRANSACTIONS WITH BRAD AND ANDRA SACHS
At various times from our inception through March 1999, Brad and Andra Sachs, both individually and through certain other companies owned or controlled by one or both of them, loaned us an aggregate of $578,000. As of March 31, 2000, we owed an aggregate of approximately $403,000 on such loans.
On June 1, 1999, we entered into a Lease Agreement with a limited partnership of which Brad Sachs and Andra Sachs are limited partners, for the lease of our facility at 5312 Bolsa Avenue in Huntington Beach, California. This lease provides for payment of rent of $35,000 per month and has a term extending through May 2004.
In September 1999, Communications Ventures III L.P., Communications Ventures III CEO and Entrepreneurs Fund L.P., Mayfield IX and Mayfield Associates Fund IV entered into an agreement with Andra Sachs, pursuant to which they agreed to purchase up to $10,000,000 of Flashcom's common stock at a purchase price equal to 85% of the price per share in Flashcom's Series B financing. In connection with such transaction, we waived our right of first refusal on such shares. In February 2000, we agreed to assume $9,000,000 of the purchase obligations under such agreement and entered into a Stock Purchase Agreement with Andra Sachs, pursuant to which we repurchased 1,612,903 shares of common stock held by Ms. Sachs for a purchase price of $9,000,000.
Between February 1999 and February 2000, we purchased certain uninterrupted power supply equipment from Power Design, Inc., a company that is wholly-owned by Brad and Andra Sachs, for $76,617.
In May 2000, we entered into a Loan Agreement, a Secured Promissory Note and a Pledge Agreement with Brad Sachs whereby we loaned Mr. Sachs $3,000,000. The loan is secured by a pledge of all shares of our common stock owned by Mr. Sachs and must be repaid at any time following the later of 30 days after the date of the loan and the occurrence of certain specified liquidity events as set forth in the agreement.
Brad and Andra Sachs each own more than 5% of our common stock, and each has served as one of our directors and as one of our executive officers.