TRIBAL ASSETS MANAGEMENT

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1 TRIBAL ASSETS MANAGEMENT TELECOMMUNICATIONS COVER SHEET SPECIAL INSTRUCTIONS OR INFORMATION: Our machin e is a Rapicom 210. I f there are any problems, please cal l (207 ) and ask for

2 SCHEDULE NUMBER DESCRIPTIO N REC' D REV'D 14. Goodwil l schedul e 15. Deposit s schedul e 16. investment s in subsidiaries schedule, include numbe r of shares 17. inventor y schedule for each divisio n for the last thre e year s 18. Account s payabl e schedul e for each divisio n (with agin g and usual credit terms ) for last three year s 19. Accrue d expense s schedule for each divisio n for las t three year s 20. Deb t agreements, including principa l amortization an d interest paymen t schedule, for al l deb t facilitie s 21. Managemen t compensatio n schedul e for the last thre e year s 22. Char t of account s 23. Lis t o f banks and bank contacts 24. Lis t of creditor s B. OTHER INFORMATION 1. Appraisal s for fixed asset s (if available) 2. Fiftee n larges t customer s fo r each divisio n (name of contact, address, phone number, dollar volume, nature of relationship) for 1987, 1986, and Fiftee n larges t supplier s fo r each divisio n (name of contact, address, phone number, dollar volume, nature of relationship) for 1987, and Resum e an d personnel file s fo r key managers 5. curren t price lis t and/o r averag e sellin g price for selected product s (se e JAK) for 1987, 1986, 1985, 1984, and Organizatio n chart for Strong Group, inc. and eac h d 'isio n - 2 -

3 OCT 20 '87 12:00 TUREEN&MORGOLIN/TRM 207/ P.3/ 4 SCHEDULE NUMBER DESCRIPTIO N REC' D REV'D 7169M 7. Pres s release e an d news clippings for last three year s (i f any) 8. Lis t of directors and their affiliation s 9. Numbe r of employees, for each division, in production, sales, administration, etc. 10. Hour s worke d per week, wage rates, and benefits fo r each typ e of position 11. Benefi t Pla n - 1 -

4 Council Members Albert Dana Basil LaCoote Darrell Newell Darryl Nicholas Phyllis Saunders Simon Sockabasin PUBLIC HEARIN G NOTIC E INDIAN TOWNSHI P RESERVATIO N WIL L HOL D TW O PUBLI C HEARING S ON Tuesday 2 3 September 1987, at 7:00 PM and 7:30 PM, at the Indian Townshi p Triba l Administratio n Office. To discus s the reservations application -for a Urba n Development Actio n Gran t -fro m the United State s Departmen t of Housing an d Urban Development. The India n Township s Reservatio n Grant s reques t -fo r will b e -for approximatel y 3400,000.00, whic h wil l b e len t to private business a s -financing in part for the establishment o f a manufacturing busines s o n the Indian Townshi p Reservation. The firs t hearin g wil l begi n a t 7:00 PN and will serv e to discuss the purpose an d goals o f the purposed U.D.A.G.. The secon d meetin g wil l b e at 7:30 PM and will serv e a s an opportunity for low and moderate incom e peopl e t o comment or the project. The Trib e wil l conside r comment s of all Tribal members. Comments can be submitted t o the Tribal Offic e o r expresse d at th e public hearing, -fo r more informatio n contac t Bruc e Francis b y calling

5 SECTION B - PROJECT DESCRIPTION.1. Brie f Projec t Descriptio n The Passamaquodd y Tribe, a federall y recognize d American Indian Tribe, i s proposing t o bu y a controlling interes t i n Strong Grou p Inc. (th e "Company") a manufacturer an d markete r of specialt y leathe r an d relate d products, an d t o immediatel y open a ne w manufacturin g facilit y fo r leather product s o n th e Passamaquoddy India n Reservation at India n Township, Maine. Strong Grou p wa s founde d i n an d purchase d i n b y th e present management. The compan y is located i n Gloucester, Massachusetts an d employ s approximatel y 12 0 people. Stron g Group currentl y ha s annua l sale s o f approximatel y $5,000,00 0 and a n annualize d cash flo w of $350,000. Stron g Grou p manufactures, throug h it s Holster Division, leathe r holsters, belts an d accessorie s for the sportin g goods, la w enforcemen t and militar y markets. Through its flat leathe r division, Strong Grou p manufactures an d custo m print s o r embosse s hig h quality fla t leathe r good s rangin g fro m ke y chain s an d credi t card holder s t o portfolios an d briefcases. Throug h its ad specialty division, Stron g Grou p markets promotiona l item s ranging fro m not e pad s t o te e shirt s t o embossed leathe r good s (including thos e o f its own manufacture ) to gold pe n an d pencil set s for businesses t o use fo r gifts an d advertisin g purposes. Th e Compan y ha s a well establishe d reputatio n an d marketing presenc e i n its business sections. Furthe r information o n th e Stron g Group' s management an d historica l performance i s in Exhibit A. Buyin g int o a n establishe d entity suc h a s thi s wit h experience d management, th e Passamaquoddy Tribe wil l avoi d the inheren t risk s i n startin g up a ne w business. Strong Grou p ha s bee n unable t o meet th e increase d demand in eac h o f its product line s i n recent years becaus e o f a lac k of capita l an d th e inabilit y t o hire additiona l worker s a t its present facilit y i n northeastern Massachusetts, wher e unemployment i s among the lowes t i n the nation. Th e Passamaquoddy Tribe wil l eas e th e liquidit y pressure s with its equity infusio n int o th e Stron g Group. T o overcom e th e employment problems, th e majority of th e operation s of th e holster divisio n wil l b e transferre d t o th e ne w facilit y a t Indian Township. This change will no t resul t i n an y displacement o f workers a t th e existin g facilit y i n Gloucester. Th e employee s o f th e holste r divisio n wil l b e transferred t o th e fla t leathe r division, wher e th e Company is in nee d o f additiona l labor. A s a resul t o f th e labo r shortage i n Gloucester, it is anticipated tha t mos t o f th e future growt h will tak e plac e throug h furthe r expansio n o f th e new India n Township facility. 12

6 In eac h o f Stron g Group' s major markets, ther e i s potential benefi t t o bein g a minority owne d an d manage d enterprise. Fo r example, th e Federa l Government, throug h various agencie s an d th e arme d services, i s th e larges t consumer o f holster s an d accessorie s i n th e U. S. Th e Federa l Government ha s purchasin g program s aime d specificall y a t minority owne d companies i n th e a d specialt y industry, larg e corporations ar e amon g th e larges t customers fo r promotiona l items, an d man y of thes e corporation s hav e affirmativ e action-related purchasin g goals. In orde r t o benefi t fro m th e minority-owne d status, th e Passamaquoddy Tribe wil l purchas e a majority ownershi p position i n Strong Grou p i n a simultaneou s tw o ste p transaction. Frist, th e Trib e wil l purchas e 13.3 % o f th e existing stoc k fro m th e curren t owner s fo r $200,00 0 then th e Company will issu e an d th e Trib e wil l bu y fo r $1,150,00 0 sufficient stoc k t o rais e th e Passamaquodd y Tribe's tota l ownership stat e t o 51%. Mos t likely, th e survivin g entit y will b e converte d t o a partnership. Under th e abov e scenario, th e Passamaquoddy' s investmen t in Stron g Grou p would b e $1,350,000. I t i s anticipated tha t this investmen t wil l b e funde d b y a Bureau o f India n Affair s grant t o th e Trib e fo r $250,00 0 an d $1,100,00 0 fro m Triba l funds. O f th e tota l $1,350,000, $200,000 will hav e been pai d to stockholders, an d th e balanc e will b e retaine d a s fres h equity i n Strong Group, a portio n o f whic h would b e use d t o pay dow n debt, an d a portio n whic h would eventuall y suppor t the workin g capita l need s ($500,000 ) of th e propose d ne w facility a t India n Township. Th e ne w plan t a t India n Township will b e operate d a s a division o f Stron g Grou p o f which th e Passamaquodd y Tribe wil l b e th e majorit y owner. I n addition t o th e capita l infusio n int o th e Stron g Group, th e Tribe wil l contribut e $138,08 1 towards th e cos t o f constructing a ne w facilit y a t India n Township. Therefore, the Tribe' s tota l investmen t wil l b e $1,288,081. Initial estimate s o f th e cost s o f th e constructio n an d starting u p o f th e ne w operatio n a t India n Townshi p ar e a s follows: Construction o f ne w buildin g with 15,00 0 sq. ft. of manufacturin g and 3,00 0 sq. ft. of offic e spac e $620,203 Site preparatio n $100,000 Manufacturing equipmen t $250,000 Computer-Interlink equipmen t $ 50,00 0 Working capita l $500,000 $1,520,203

7 The lan d an d building wil l b e owned by the Passamaquoddy Tribe an d leased on a long ter m basi s to the Strong Group. Anticipated financin g source s are as follows: Senior ban k debt secure d by the building and equipmen t $582,122 Bureau of Indian Affairs Gran t fo r purchase of inventor y and working capita l $ 250,00 0 UDAG loa n $ 300,00 0 Capital fro m Stron g Group $ 250,00 0 Capital fro m Trib e & 138,08 1 $1,520,203 A fir m commitmen t fro m a bank has not been receive d yet, but a reques t has been made and interest fro m the bank expressed for a loa n base d on 60% of the cost of the facility an d 50% of the cost of the equipment. Th e UDAG loa n woul d b e based on a ten year ter m with interes t onl y at 8% for the first fiv e year s and complete amortizatio n of principal in years six through ten. 14

9 Preventor T.M. holster#934 The Original Preventor is a tot more holster than most of our customers need. This high-ride holster is built with worst-case duty in mind, and will easily shrug off the knocks and stresses of hard daily use and abuse. The trigge r guard is shrouded with a double layer of leather for maximum safet y and security Th e oute r layer of leather wraps around the holster and performs two functions: first, it creates a unique and effective recessed sight protector; second, i t forms the basis for an ingeniou s and exclusiv e low-bulk, dual-belt system that keeps the holster snug on either a 2 1/4"or 13/4" belt. On our New Mode) #934A Preventor, this leather shroud is extended the full length of the holster, offering a smoother appearance and the ultimate in strength and protection, If you're looking for a holster that could serve you fo r a lifetime of hunting seasons or att the way from the academy through to retirement, you'll find none better than the Preventor. Metal-reinforced no-rip double welt won't split of separat e Dual belt system for both 2 1/4"and 1 3/4" belts. Unique rear sight protector for revolvers Covered trigger guard tor added safety Easy access metal-reinforced thumb break design, with recessed sna p to prevent wear on gun finish Pits most medium- and large-frame revolvers and automatics #934 Preventor fo 6" revolvers. New #934 A Preventor leather-lined for 4* revolvers. In our Preventor, Legend and Thumbsnap models, our unique dual belt channel allows you to wear the same hotster securely on etther a W o r 2 Wbelt. #934 Preventor for automatics. P!ease specify locked-and-cocked. or we willship hammer-down style.

10 WORLD CLASS QUALITY I verused, often misused, O an d increasingl y abused, the very concept of "quality" itself ha s become a cliche in American industry today. So, it' s difficult if not impossible for those American companies which really do offer world class quality to convey th e message to those companies which wish to purchase it. We hav e to prove it! We hav e to build confidenc e part after part, mode! after model, year after year. Then, maybe, the fact that we truly do offer some of th e very best products available anywhere today will be heard above the cliches Description of Product of Automotive Formed Fiber Bus.

INTRODUCTION FORMED-FIBRE PRODUCTS the Formed-Fibr e Products i s one o f the American companies whic h ha s mad e th e commitment an d th e investmen t to produce onl y the best.

11 INTRODUCTION FORMED-FIBRE PRODUCTS the Formed-Fibr e Products i s one o f the American companies whic h ha s mad e th e commitment an d th e investmen t to produce onl y the best. Our stronges t custome r relationships hav e deve!ope d with othe r companie s whic h share our idea! s and direction: to compete successfull y in today' s unforgiving worl d markets. So, ou r customers ar e unforgiving. They expect worl d class quality in each an d ever y part we supply. They demand i t fro m concep t t o finished product. And rightfully so. That's ou r business. At w e demand n o less from our employees, ou r suppliers, our plan t an d equip - ment, ou r processes, an d ou r finalproduct. And, a s a wholly owned subsidiary of th e Corporation, we hav e al l of th e resources w e nee d t o satisfy th e most demandin g customers. The Corporatio n employs over 12,00 0 peopl e internationally. It s products ar e distributed i n nearly 13 0 countries. Annual sale s excee d $1 billion. This provides more tha n th e assurance of capita! strength i n the lon g term.! t provides acces s to international market s an d t o information processe s!ik e our CAD syste m i n Denver, CO. Other subsidiarie s include Energy Products Je t Electronics and Technology, BEFORE and, of course, Rubber Company. technology emerged i n response to the internationa l competitiv e pressures that caused a re - appraisal of American industry. Existing materials, accepte d standards, and establishe d suppliers had t o b e upgraded or quickl y replace d in order t o successfully compete. Solution s to industry's ne w problem s required original ideas an d drastically improved product. One of these solutions wa s molded product s innovative and immediatel y applicable to a wide variety of existing situations. Th e advantages of these patented products (nonwove n blend s of thermoplastic fiber s formulate d for differentia l thermal respons e characteristics o f the fiber s within th e structure ) clearl y se t them wel l abov e th e competition. molded products ar e lighte r in weight than th e material s an d method s they mad e obsolete. They hav e inherent structura l integrit y an d can b e designed with varying degrees of rigidity. These propertie s allowed our engineers t o develo p products whic h precisel y matc h contours even approachin g 1.6:1 dee p draw situation s and to maximize useable interio r volumes without sacrificing aesthetics or durability. In fact,

APPENDICES. i. Letter of Introduction to the NG O. ii. Population distribution-temeke District. iv. Implementatio n work plan

APPENDICES. i. Letter of Introduction to the NG O. ii. Population distribution-temeke District. iv. Implementatio n work plan i. Letter of Introduction to the NG O APPENDICES ii. Population distribution-temeke District iii. DESCOBA' s Organizatio n Chart iv. Implementatio n work plan 2005-200 7 v. Projec t budget vi. Cop y of