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ULTRA IMAGE POWDER COATING <br /> 110 MARK ROTHFORK <br /> $50,000 EDA MICRO LOAN <br /> Amortization Schedule <br /> Dated: March 31,2000 Payable to: City of Elk River <br /> Amount: $50,000.00 Due: Fifteenth of Each Month <br /> Interest Rate: 7.75% <br /> Term: 3 yr. Balloon -180 Months Amortization <br /> Payments: Monthly Principal &Interest Starting April 15,2000 <br /> Payment Total Unpaid Date <br /> Period Payment Principal Interest Balance Paid <br /> 50,000.00 <br /> 4/15/00 25 473.33 204.23 269.10 49,795.77 4/7/00 <br /> 5/15/00 30 473.33 151.73 321.60 49,644.04 5/11/00 <br /> 6/15/00 31 473.33 142.02 331.31 49,502.02 6/12/00 <br /> 7/15/00 30 473.33 153.63 319.70 49,348.39 7/14/00 <br /> 0 8/15/00 31 473.33 144.00 329.33 49,204.39 8/15/00 <br /> 9/15/00 31 473.33 144.96 328.37 49,059.43 9/14/00 <br /> 10/15/00 30 473.33 156.49 316.84 48,902.94 10/18/00 <br /> 11/15/00 31 473.33 146.97 326.36 48,755.97 11/15/00 <br /> 12/15/00 30 473.33 158.45 314.88 48,597.52 12/19/00 <br /> 1/15/01 31 473.33 149.01 324.32 48,448.51 1/29/01 <br /> 2/15/01 31 473.33 150.00 323.33 48,298.51 2/12/01 <br /> 3/15/01 28 473.33 182.20 291.13 48,116.31 3/12/01 <br /> 4/15/01 31 473.33 152.22 321.11 47,964.09 4/11/01 <br /> 5/15/01 30 473.33 163.56 309.77 47,800.53 5/18/01 <br /> 6/15/01 31 473.33 154.33 319.00 47,646.20 6/4/01 <br /> 7/15/01 30 473.33 165.61 307.72 47,480.59 7/19/01 <br /> 8/15/01 31 473.33 156.46 316.87 47,324.13 8/13/01 <br /> 9/15/01 31 473.33 157.51 315.82 47,166.62 9/13/01 <br /> 10/15/01 30 473.33 168.71 304.62 46,997.91 10/25/01 <br /> 11/15/01 31 473.33 159.68 313.65 46,838.23 11/21/01 <br /> 12/15/01 30 473.33 170.83 302.50 46,667.40 1/4/02 & 1/7/02 <br /> 1/15/02 31 473.33 161.89 311.44 46,505.51 2/14/02 <br /> 2/15/02 31 473.33 162.97 310.36 46,342.54 2/14/02 <br /> 3/15/02 28 473.33 193.99 279.34 46,148.55 3/11/02 <br /> 4/15/02 31 473.33 165.35 307.98 45,983.20 4/15/02 <br /> 5/15/02 30 473.33 176.36 296.97 45,806.84 6/3/02 <br /> 6/15/02 31 473.33 167.63 305.70 45,639.21 6/13/02 <br /> 7/15/02 30 473.33 178.58 294.75 45,460.63 7/25/02 <br /> • 8/15/02 31 473.33 169.94 303.39 45,290.69 8/14/02 <br /> 9/15/02 31 473.33 171.08 302.25 45,119.61 9/19/02 <br /> 10/15/02 30 473.33 181.93 291.40 44,937.68 10/22/02 <br /> 11/15/02 31 473.33 173.43 299.90 44,764.25 11/14/02 <br />