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Waypoint Technologies, Inc. <br /> Page 6 <br /> WayPoint is requesting equity/debt financing in the amount of$500,000 through a <br /> • Private Placement and/or low interest loans. This financing will be used to for growth <br /> capital to expand LakeMaster into additional markets, relocate WayPoint and to develop <br /> the LakeMasterGPS. <br /> At a minimum, the company would require 6,000 square feet of office/production space <br /> and the company's financial requirements would be as follows: <br /> Office/computer equipment $ 150,000 <br /> Leasehold improvements $ 25,000 <br /> Operating/start up capital $ 225,000 <br /> Product Development $ 100.000 <br /> Total funding $ 500,000 <br /> Based upon sales projections in the first three years, the company's employment would <br /> be as follows: <br /> YR 1 YR2 YR3 <br /> Administrative 1 2 2 <br /> Managers 1 1 2 <br /> • Software service/sales 6 9 13 <br /> Totals 8 12 17 <br /> • <br />