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<br />Pinewood Golf Course <br />Estimated Amortization Schedule per Letter of Intent Dated November 14,2005 <br /> <br />Purchase Price <br />Down Payment <br />Principal <br />Annual Interest <br />Term (years) <br /> <br />$ 2,400,000.00 <br />500,000.00 <br />1,900,000.00 <br />5.00% <br />5.0 <br /> <br /> Beginning Total <br /> Principal Interest Principal Annual <br />Year Balance Due Due Payment <br />1 $ 1,900,000.00 $ 95,000.00 $ 200,000.00 $ 295,000.00 <br />2 1,700,000.00 85,000.00 200,000.00 285,000.00 <br />3 1,500,000.00 75,000.00 200,000.00 275,000.00 <br />4 1,300,000.00 65,000.00 200,000.00 265,000.00 <br />5 1,100,000.00 55,000.00 1,100,000.00 1,155,000.00 <br /> $ 375,000.00 $ 1,900,000.00 $ 2,275,000.00 I <br /> <br />S:\FINANCE\GolfCourseContract for Deed <br />12/1/2005 <br />