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Bank Loan Bank of ER — Real Estate 20 -yr amm. 5 -yr $1,049,774 <br />balloon, 4.25% <br />Bank Loan Bank of ER - Equipment 6 -yr amm. 6 -yr $ 351,000 <br />Term, 4.55% <br />Other Private Funds <br />$ <br />Applicant Contribution Owner Equity <br />$ 150,194 <br />Sherb. Co. RLF (?) <br />$ <br />EDA Forgivable Loan <br />$ 200,000 <br />Tax Abatement <br />$ <br />Total Financing <br />$1,750,968 <br />Collateral Assigmnents <br />Lien <br />Description of Collateral <br />Position <br />To Bank 1 Real Estate <br />1st <br />To Bank 2 Machinery & Equipment <br />1st <br />To Private Sources <br />To Other Sources <br />To Federal Govt <br />To State <br />To EDA Micro Loan <br />EDA Forgivable Loan Real Estate <br />2nd <br />Value of Collateral <br />Land (per Beacon) <br />Buildings <br />Machinery & Equip. <br />Other <br />Forgivable Loan Fund Application <br />DRAFT <br />Book Value Cost <br />$ 51,800 $ 121,968 <br />$ 1,218,000 $ 1,218,000 <br />$ 306,000 $ 306,000 <br />Existing Liens <br />Page 12 of 8 <br />