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05/07/2004 08:56 FAX 763 241 1313 AMERICAN NATIONAL BANK [ ]002 <br /> I <br /> TO: Display Solutions Inc. <br /> 18983 York St.N.W. <br /> Elk River, MN. 55330 <br /> DATED: 5-1-04 <br /> CONDITIONAL LOAN COMMITMENT <br /> American National Bank of Minnesota is pleased to outline the following conditional <br /> loan commitment for your review and consideration. This non-binding loan commitment <br /> does NOT constitute an enforceable credit agreement pursuant to Minnesota Statute <br /> §513.33. It does, however, represent American National Bank of Minnesota's <br /> commitment to move forward in the loan process and prepare loan-closing documents <br /> consistent with the following general terms: <br /> I. Loan <br /> 1) Borrower Display Solutions Inc. <br /> 2) Loan Amount $150,000.00 <br /> 3) Loan Purpose Equipment Purchase <br /> 4) Interest Rate (3 months@6.25%) (60 Months @ 6.25%) <br /> 5) Fixed or Variable Variable Rate <br /> 6) Amortization Period(Interest Only) 3 months Interest only <br /> 7) Term after 90 days 60 Months <br /> 8) Payment(estimate) $2,917.39 <br /> 9) Prepayment Penalty NONE <br /> 10) Late Charges 5%(after 10 days) <br /> 11) Other (added to principal) 1%origination fee plus all associated costs <br /> U. Collateral <br /> 1) Guaranty(s) Thomas and Pamela Buchta, James and <br /> Linda Studee, and Robert and Kathleen <br /> Michalek <br /> 2) Security Agreement/Financing UCC filing on All Business Assets <br /> Statement <br /> • <br /> Conditional Loan Commitment Letter 1 06/21/01 <br />