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Guarantor: Shoot Steel, Inc.; Conductive Cooking, Inc. <br />Lease: Lease amongst Shoot Steel, Inc., Conductive Cooking, Inc., and Borrower (entity to -be - <br />determined) with options to extend at least as long as the term of the loan. <br />Insurance: - Evidence of Property Insurance (ACORD Form 27) naming the borrowing entity as <br />Insured, the address of the property and the bank as Lender Loss Payee and Mortgagee. <br />- A Certificate of Liability Insurance (ACORD Form 25) naming the borrowing entity as <br />insured, the address of the property and the bank as Additional Insured. <br />Automatic <br />Payment: We require monthly payments to be made automatically from a Village Bank account. <br />Documentation & <br />Other Village Bank and/or an entity as assigned by Village Bank will prepare all documents which are <br />drafted in connection with the proposed potential financing package as stated herein. <br />Requirements: In addition to other documents and information as determined through final underwriting, the <br />Borrower, Personal Guarantor, Corporate Guarantor(s), or as required will provide: <br />1) SBA 504 Loan Authorization <br />2) The delivery to the Bank of the following: <br />■ Annual Federal Tax Return of the Borrower; <br />Annual Financial Statements of the Borrower; <br />■ Annual Tax Return of the Guarantor(s); and <br />■ Annual Personal Financial Statement of the Guarantor(s). <br />Good Faith <br />Deposit: As a consideration for the Bank making this proposal, a deposit in the amount of $5,000, will be <br />required. Should the loan(s) not close for any reason, the deposit will be refunded, less any cost(s) <br />incurred by the Bank relative to the transaction(s) being contemplated herein. <br />This proposal is for discussion purposes only and is subject to village Bank's final underwriting and approval. Village <br />Bank is not to be legally obligated to make any loan except upon the terms and subject to any loan documents actually <br />signed and delivered by the Borrower to Village Bank. This letter is not intended to be all-inclusive, rather to serve as a <br />basis for working towards a mutually acceptable agreement. <br />Should you wish to proceed, please counter -sign and return a copy of this letter along with the $5,000 Good Faith <br />Deposit to indicate your interest in further pursuing the transaction as outlined above. Should a fully executed <br />copy and Good Faith Deposit not be received by 5:00 pm on Wednesday, August 12, 2020, the terms as stated <br />herein shall be deemed void. <br />Please call me at 763-398-3586 if you have any questions or require additional information. We appreciate the <br />opportunity to present this proposal and look forward to assisting you with your financial needs. <br />Sincerely, <br />raig J. Kliber <br />Sr. Vice President <br />M,nih— <br />FDIC #ItTakesaVillage I wwwmillagebankonline.bank ,f,�,,, <br />I rN01FR <br />