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convert to monthly payments of principal and interest until <br /> maturity or, the loan is fully repaid. The loan will <br /> amortize over 20 years , <br /> f . Guarantors: The following persons and entity shall <br /> ........... <br /> guaranty the repayment of the Loan: Fred Trapp and Michael. <br /> Tracey and Die Concepts, Inc . , a Minnesota Corporation <br /> ("Guai.'antors") . <br /> g. Prepa�rment : Borrower would subject to a 3 . 0% prepayment <br /> penalty of any principal balance prepaid within 3 years <br /> following inception. <br /> h. Operating and Financial Covenants: <br /> i- on or before may 15 of each year during the term of <br /> the Loan, Borrower shall provide Lender with copies of <br /> Borrower' s state and federal tax returns, ir)cluding <br /> all schedules and attachments thereto, for the <br /> immediately preceding calendar year. <br /> ii . on or before May 15 of each year during the term of <br /> the Loan, the Corporate Guarantor shall provide Lender <br /> with copies, of their state and federal tax returns, <br /> including all schedules and attachments thereto, for <br /> the immediately preceding calendar year. <br /> iii . On or before May 15 of each year during the term of <br /> the Loan, the Personal Guarantor shall also provide <br /> Lender with an annual personal financial statement . <br /> The annual personal financial statements shall be on <br /> such forms and contain such certifications as the <br /> Lender shall reasonably require. <br /> iv. On or before February 15 of each year during the term <br /> of the Loan, the corporate Guarantor shall also <br /> provide Lender with company prepared annual financial <br /> statements . On or before 45"" of each quarter during <br /> the term of the Loan, Die Concepts, Inc. shall also <br /> provide Lender with company prepared year-to-date <br /> interim financial statements with comparison financial <br /> statements from the previous year. <br /> 2 . CONDITIONS. Lender' s obligati.Dris to fund the loari hereunder shall <br /> -...............................................................- <br /> be conditioned upon the following: <br /> a. Borrower and Corporate: Guarantor shall establish and maintain <br /> all. depository relationships with the Lender as long as any <br /> loan facilities have a balance . <br /> 2 <br />