Script.bin, I believe, is an Allwinner specific, configuration file. It happens to be "compiled". Typically used to set devices, e.g., vga or hdmi, and screen resolutions, etc. I am not familiar with beagelboard.
Which version of arm does it support? Perhaps, I should consider posting a tarball of our rootfs then likely with your existing beagleboard kernel and modules you might have a starting point.