AMENDED AND RESTATED PROMISSORY NOTE AND THIRD AMENDMENT TO LOAN AGREEMENT $2,050,018.00 San Jose, California, 2015 ( Effective Date ) FOR VALUE RECEIVED, the undersigned CAMERA PAVILION MANAGEMENT CORPORATION, a California corporation (hereinafter, the Borrower ) promises to pay to the SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE, a public body, corporate and politic, or order, (the "Agency") at 200 East Santa Clara Street, San Jose, California 95113, or such other place as the Agency may from time to time designate in writing, the principal sum of Two Million Fifty Thousand and Eighteen Dollars ($2,050,018.00) pursuant to that Commercial Building Loan Agreement entered into as of October 14, 2003 between the Agency and Borrower ( Original Loan Agreement ), as amended by that certain First Amendment to Commercial Building Loan and Façade Improvement Grant Agreement dated October 14, 2003 ( First Amendment ) and as amended by that certain Second Amendment to Commercial Building Loan and Façade Improvement Grant Agreement dated October 28, 2008 ( Second Amendment ). The Original Agreement, the First Amendment and the Second Amendment shall be collectively referred to herein as the Agreement. The parties acknowledge that this Amended and Restated Promissory Note ( Note ) hereby supersedes and replaces in its entirety that certain Promissory Note dated November 18, 2008 between Borrower and the Agency ( Prior Note ) and amends the Agreement, to the extent the terms of this Note are inconsistent with the terms of the Agreement, it being the intent of the parties that the terms of this Note shall control over any inconsistency. 1. Interest. For the term of this Note, interest on unpaid principal shall accrue from the date first written above ( Effective Date ) at the rate of two percent (2%) per annum unless payments are not paid when due. If payments are not made by Borrower when due, interest at the Default Rate (as defined in Section 4.2 below) shall begin to accrue from and after the date thereof. 2. Term. All outstanding principal, together with any accrued and unpaid interest, shall be due and payable twenty (20) years from the date of this Note ( Term ); provided, however, that all outstanding principal, together with any accrued and unpaid interest, shall be fully due and payable at the expiration or termination of the sublease between Borrower and F.C. Pavilion, LLC dated October 13, 2003 ( Sublease ). 3. Payments. Commencing on the last day of the month of the Effective Date, Borrower shall make initial monthly cash payments in the amount of Four Thousand Dollars ($4,000), which amount shall be due in arrears on the last day of each month ( Monthly Payment ). The Monthly Payment shall increase by Two Thousand Dollars ($2,000) to Four Thousand Dollars ($4,000) twenty four (24) months after the Effective Date and shall increase every twenty four (24) months thereafter by One Thousand Dollars ($1,000.00) up to a maximum amount of Nine Thousand Dollars ($9,000.00) per 1237972.doc 1 9/24/2015
month, as more particularly shown on the amortization schedule attached hereto as Attachment No. 1. 4. Acceleration of Obligation. 4.1 After the expiration of any applicable notice and cure periods, the unpaid principal, plus any applicable charges set forth herein, shall, at the option of the Agency, be immediately due and payable if during the term of this Note there occurs any of the following: (a) Default or breach by Borrower of any material covenant or provision required to be performed by Borrower under the terms of this Amended Note or the Agreement, including any default of Borrower s obligation to make Monthly Payments; (b) Default or breach by Borrower of any covenant or provision required to be performed by Borrower under the terms of the Loan Documents as defined in the Agreement, including any default of Borrower s obligation to provide Cinequest hosting support as described in the Loan Agreement; provided that Borrower has received written notice of any such default and any applicable cure period has lapsed. 4.2 From and after the time when Agency has the right to accelerate the repayment of this Note as set forth in subsection 4.1, the entire unpaid balance of the principal sum of this Note shall automatically bear a maximum rate of interest equal to the lesser of (i) ten percent (10%) per annum or (ii) the maximum rate permitted by Section l (2) of Article XV of the California Constitution ( Default Rate ); 4.3 At the election of the Borrower, the principal amount of this Note, or any portion thereof, may be prepaid at any time during the term of this Note without penalty. 5. Waiver by Borrower. Borrower, any endorser of this Note, and all others who may become liable for all or any part of the obligations evidenced by this Note hereby severally waive demand, presentment for payment, demand and protest, notice of protest, demand and dishonor and non-payment and consent to any number of renewals or extensions of time hereof. Any such renewals or extensions may be made without notice to any of said parties and without affecting their liability. The pleading of any statute of limitations as a defense to any demand against the Borrower is expressly waived by Borrower. 6. Purpose of Agreement. It is the intent of the parties that the relationship evidenced by this Note shall be deemed to be one of debtor/creditor, and not of partnership or joint venture. 7. Waiver by Agency. Any failure of the Agency or other holder to exercise any rights hereunder shall not constitute a waiver of the rights to the later exercise thereof. Notwithstanding the above, upon execution of this Note, the Agency agrees that any prior default arising out of the Borrower s failure to make payments under the Original Note shall 1237972.doc 2 9/24/2015
be waived, and that this Note shall constitute a novation and an accord and satisfaction as to such matters. 8. Amendment. This Note may not be changed, amended or modified orally. 9. Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of California. 10. Binding on Successors. The terms of this Note shall apply to, inure to the benefit of, and bind all parties hereto, their heirs, legatees, devisees, administrators, executors, personal representatives, successors and assigns. 11. Assignment. This Note may be assumed by a reputable theater operator approved by the Agency who will operate the Theater Site in substantially the same manner as Borrower with first run films ( Permitted Transferee ). Agency approval shall not be unreasonably withheld, conditioned or delayed, provided that it shall not be unreasonable for the Agency to withhold its approval if the assignee is not a reputable theater operator Agency who will operate the Theater Site in substantially the same manner as Borrower with first run films. IN WITNESS WHEREOF, the Borrower and Agency have executed this Note as of the date first written above. BORROWER CAMERA PAVILION MANAGEMENT CORPORATION, a California corporation By: Jack NyBlom Its Chief Executive Officer and President AGENCY APPROVED AS TO FORM: SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE, a public entity Tom Murtha Senior Deputy City Attorney By: Richard A. Keit Managing Director 1237972.doc 3 9/24/2015
1 Sep-15 $4,000.00 $3,416.70 $583.30 $2,049,434.92 2 Oct-15 $4,000.00 $3,415.72 $584.28 $2,048,850.64 3 Nov-15 $4,000.00 $3,414.75 $585.25 $2,048,265.39 4 Dec-15 $4,000.00 $3,413.78 $586.22 $2,047,679.17 5 Jan-16 $4,000.00 $3,412.80 $587.20 $2,047,091.97 6 Feb-16 $4,000.00 $3,411.82 $588.18 $2,046,503.79 7 Mar-16 $4,000.00 $3,410.84 $589.16 $2,045,914.63 8 Apr-16 $4,000.00 $3,409.86 $590.14 $2,045,324.48 9 May-16 $4,000.00 $3,408.87 $591.13 $2,044,733.36 10 Jun-16 $4,000.00 $3,407.89 $592.11 $2,044,141.25 11 Jul-16 $4,000.00 $3,406.90 $593.10 $2,043,548.15 12 Aug-16 $4,000.00 $3,405.91 $594.09 $2,042,954.06 13 Sep-16 $4,000.00 $3,404.92 $595.08 $2,042,358.99 14 Oct-16 $4,000.00 $3,403.93 $596.07 $2,041,762.92 15 Nov-16 $4,000.00 $3,402.94 $597.06 $2,041,165.86 16 Dec-16 $4,000.00 $3,401.94 $598.06 $2,040,567.80 17 Jan-17 $4,000.00 $3,400.95 $599.05 $2,039,968.75 18 Feb-17 $4,000.00 $3,399.95 $600.05 $2,039,368.69 19 Mar-17 $4,000.00 $3,398.95 $601.05 $2,038,767.64 20 Apr-17 $4,000.00 $3,397.95 $602.05 $2,038,165.59 21 May-17 $4,000.00 $3,396.94 $603.06 $2,037,562.53 22 Jun-17 $4,000.00 $3,395.94 $604.06 $2,036,958.47 23 Jul-17 $4,000.00 $3,394.93 $605.07 $2,036,353.40 24 Aug-17 $4,000.00 $3,393.92 $606.08 $2,035,747.32 25 Sep-17 $6,000.00 $3,392.91 $2,607.09 $2,033,140.23 26 Oct-17 $6,000.00 $3,388.57 $2,611.43 $2,030,528.80 27 Nov-17 $6,000.00 $3,384.21 $2,615.79 $2,027,913.02 28 Dec-17 $6,000.00 $3,379.86 $2,620.14 $2,025,292.87 29 Jan-18 $6,000.00 $3,375.49 $2,624.51 $2,022,668.36 30 Feb-18 $6,000.00 $3,371.11 $2,628.89 $2,020,039.47 31 Mar-18 $6,000.00 $3,366.73 $2,633.27 $2,017,406.20 32 Apr-18 $6,000.00 $3,362.34 $2,637.66 $2,014,768.55 33 May-18 $6,000.00 $3,357.95 $2,642.05 $2,012,126.50 34 Jun-18 $6,000.00 $3,353.54 $2,646.46 $2,009,480.04 35 Jul-18 $6,000.00 $3,349.13 $2,650.87 $2,006,829.17 36 Aug-18 $6,000.00 $3,344.72 $2,655.28 $2,004,173.89 37 Sep-18 $6,000.00 $3,340.29 $2,659.71 $2,001,514.18 38 Oct-18 $6,000.00 $3,335.86 $2,664.14 $1,998,850.04 39 Nov-18 $6,000.00 $3,331.42 $2,668.58 $1,996,181.45 40 Dec-18 $6,000.00 $3,326.97 $2,673.03 $1,993,508.42 41 Jan-19 $6,000.00 $3,322.51 $2,677.49 $1,990,830.94 42 Feb-19 $6,000.00 $3,318.05 $2,681.95 $1,988,148.99 43 Mar-19 $6,000.00 $3,313.58 $2,686.42 $1,985,462.57 44 Apr-19 $6,000.00 $3,309.10 $2,690.90 $1,982,771.67 45 May-19 $6,000.00 $3,304.62 $2,695.38 $1,980,076.29 46 Jun-19 $6,000.00 $3,300.13 $2,699.87 $1,977,376.42 Page 1 of 6
47 Jul-19 $6,000.00 $3,295.63 $2,704.37 $1,974,672.05 48 Aug-19 $6,000.00 $3,291.12 $2,708.88 $1,971,963.17 49 Sep-19 $7,000.00 $3,286.61 $3,713.39 $1,968,249.77 50 Oct-19 $7,000.00 $3,280.42 $3,719.58 $1,964,530.19 51 Nov-19 $7,000.00 $3,274.22 $3,725.78 $1,960,804.41 52 Dec-19 $7,000.00 $3,268.01 $3,731.99 $1,957,072.41 53 Jan-20 $7,000.00 $3,261.79 $3,738.21 $1,953,334.20 54 Feb-20 $7,000.00 $3,255.56 $3,744.44 $1,949,589.76 55 Mar-20 $7,000.00 $3,249.32 $3,750.68 $1,945,839.07 56 Apr-20 $7,000.00 $3,243.07 $3,756.93 $1,942,082.14 57 May-20 $7,000.00 $3,236.80 $3,763.20 $1,938,318.94 58 Jun-20 $7,000.00 $3,230.53 $3,769.47 $1,934,549.47 59 Jul-20 $7,000.00 $3,224.25 $3,775.75 $1,930,773.72 60 Aug-20 $7,000.00 $3,217.96 $3,782.04 $1,926,991.68 61 Sep-20 $7,000.00 $3,211.65 $3,788.35 $1,923,203.33 62 Oct-20 $7,000.00 $3,205.34 $3,794.66 $1,919,408.67 63 Nov-20 $7,000.00 $3,199.01 $3,800.99 $1,915,607.69 64 Dec-20 $7,000.00 $3,192.68 $3,807.32 $1,911,800.36 65 Jan-21 $7,000.00 $3,186.33 $3,813.67 $1,907,986.70 66 Feb-21 $7,000.00 $3,179.98 $3,820.02 $1,904,166.68 67 Mar-21 $7,000.00 $3,173.61 $3,826.39 $1,900,340.29 68 Apr-21 $7,000.00 $3,167.23 $3,832.77 $1,896,507.52 69 May-21 $7,000.00 $3,160.85 $3,839.15 $1,892,668.37 70 Jun-21 $7,000.00 $3,154.45 $3,845.55 $1,888,822.81 71 Jul-21 $7,000.00 $3,148.04 $3,851.96 $1,884,970.85 72 Aug-21 $7,000.00 $3,141.62 $3,858.38 $1,881,112.47 73 Sep-21 $8,000.00 $3,135.19 $4,864.81 $1,876,247.66 74 Oct-21 $8,000.00 $3,127.08 $4,872.92 $1,871,374.74 75 Nov-21 $8,000.00 $3,118.96 $4,881.04 $1,866,493.70 76 Dec-21 $8,000.00 $3,110.82 $4,889.18 $1,861,604.52 77 Jan-22 $8,000.00 $3,102.67 $4,897.33 $1,856,707.19 78 Feb-22 $8,000.00 $3,094.51 $4,905.49 $1,851,801.70 79 Mar-22 $8,000.00 $3,086.34 $4,913.66 $1,846,888.04 80 Apr-22 $8,000.00 $3,078.15 $4,921.85 $1,841,966.19 81 May-22 $8,000.00 $3,069.94 $4,930.06 $1,837,036.13 82 Jun-22 $8,000.00 $3,061.73 $4,938.27 $1,832,097.86 83 Jul-22 $8,000.00 $3,053.50 $4,946.50 $1,827,151.35 84 Aug-22 $8,000.00 $3,045.25 $4,954.75 $1,822,196.61 85 Sep-22 $8,000.00 $3,036.99 $4,963.01 $1,817,233.60 86 Oct-22 $8,000.00 $3,028.72 $4,971.28 $1,812,262.32 87 Nov-22 $8,000.00 $3,020.44 $4,979.56 $1,807,282.76 88 Dec-22 $8,000.00 $3,012.14 $4,987.86 $1,802,294.90 89 Jan-23 $8,000.00 $3,003.82 $4,996.18 $1,797,298.72 90 Feb-23 $8,000.00 $2,995.50 $5,004.50 $1,792,294.22 91 Mar-23 $8,000.00 $2,987.16 $5,012.84 $1,787,281.38 92 Apr-23 $8,000.00 $2,978.80 $5,021.20 $1,782,260.18 Page 2 of 6
93 May-23 $8,000.00 $2,970.43 $5,029.57 $1,777,230.61 94 Jun-23 $8,000.00 $2,962.05 $5,037.95 $1,772,192.67 95 Jul-23 $8,000.00 $2,953.65 $5,046.35 $1,767,146.32 96 Aug-23 $8,000.00 $2,945.24 $5,054.76 $1,762,091.56 97 Sep-23 $9,000.00 $2,936.82 $6,063.18 $1,756,028.38 98 Oct-23 $9,000.00 $2,926.71 $6,073.29 $1,749,955.10 99 Nov-23 $9,000.00 $2,916.59 $6,083.41 $1,743,871.69 100 Dec-23 $9,000.00 $2,906.45 $6,093.55 $1,737,778.14 101 Jan-24 $9,000.00 $2,896.30 $6,103.70 $1,731,674.44 102 Feb-24 $9,000.00 $2,886.12 $6,113.88 $1,725,560.56 103 Mar-24 $9,000.00 $2,875.93 $6,124.07 $1,719,436.50 104 Apr-24 $9,000.00 $2,865.73 $6,134.27 $1,713,302.22 105 May-24 $9,000.00 $2,855.50 $6,144.50 $1,707,157.73 106 Jun-24 $9,000.00 $2,845.26 $6,154.74 $1,701,002.99 107 Jul-24 $9,000.00 $2,835.00 $6,165.00 $1,694,838.00 108 Aug-24 $9,000.00 $2,824.73 $6,175.27 $1,688,662.73 109 Sep-24 $9,000.00 $2,814.44 $6,185.56 $1,682,477.16 110 Oct-24 $9,000.00 $2,804.13 $6,195.87 $1,676,281.29 111 Nov-24 $9,000.00 $2,793.80 $6,206.20 $1,670,075.09 112 Dec-24 $9,000.00 $2,783.46 $6,216.54 $1,663,858.55 113 Jan-25 $9,000.00 $2,773.10 $6,226.90 $1,657,631.65 114 Feb-25 $9,000.00 $2,762.72 $6,237.28 $1,651,394.37 115 Mar-25 $9,000.00 $2,752.32 $6,247.68 $1,645,146.69 116 Apr-25 $9,000.00 $2,741.91 $6,258.09 $1,638,888.60 117 May-25 $9,000.00 $2,731.48 $6,268.52 $1,632,620.09 118 Jun-25 $9,000.00 $2,721.03 $6,278.97 $1,626,341.12 119 Jul-25 $9,000.00 $2,710.57 $6,289.43 $1,620,051.69 120 Aug-25 $9,000.00 $2,700.09 $6,299.91 $1,613,751.77 121 Sep-25 $9,000.00 $2,689.59 $6,310.41 $1,607,441.36 122 Oct-25 $9,000.00 $2,679.07 $6,320.93 $1,601,120.43 123 Nov-25 $9,000.00 $2,668.53 $6,331.47 $1,594,788.96 124 Dec-25 $9,000.00 $2,657.98 $6,342.02 $1,588,446.94 125 Jan-26 $9,000.00 $2,647.41 $6,352.59 $1,582,094.36 126 Feb-26 $9,000.00 $2,636.82 $6,363.18 $1,575,731.18 127 Mar-26 $9,000.00 $2,626.22 $6,373.78 $1,569,357.40 128 Apr-26 $9,000.00 $2,615.60 $6,384.40 $1,562,972.99 129 May-26 $9,000.00 $2,604.95 $6,395.05 $1,556,577.95 130 Jun-26 $9,000.00 $2,594.30 $6,405.70 $1,550,172.25 131 Jul-26 $9,000.00 $2,583.62 $6,416.38 $1,543,755.87 132 Aug-26 $9,000.00 $2,572.93 $6,427.07 $1,537,328.79 133 Sep-26 $9,000.00 $2,562.21 $6,437.79 $1,530,891.01 134 Oct-26 $9,000.00 $2,551.49 $6,448.51 $1,524,442.49 135 Nov-26 $9,000.00 $2,540.74 $6,459.26 $1,517,983.23 136 Dec-26 $9,000.00 $2,529.97 $6,470.03 $1,511,513.20 137 Jan-27 $9,000.00 $2,519.19 $6,480.81 $1,505,032.39 138 Feb-27 $9,000.00 $2,508.39 $6,491.61 $1,498,540.78 Page 3 of 6
139 Mar-27 $9,000.00 $2,497.57 $6,502.43 $1,492,038.35 140 Apr-27 $9,000.00 $2,486.73 $6,513.27 $1,485,525.08 141 May-27 $9,000.00 $2,475.88 $6,524.12 $1,479,000.95 142 Jun-27 $9,000.00 $2,465.00 $6,535.00 $1,472,465.95 143 Jul-27 $9,000.00 $2,454.11 $6,545.89 $1,465,920.06 144 Aug-27 $9,000.00 $2,443.20 $6,556.80 $1,459,363.26 145 Sep-27 $9,000.00 $2,432.27 $6,567.73 $1,452,795.54 146 Oct-27 $9,000.00 $2,421.33 $6,578.67 $1,446,216.86 147 Nov-27 $9,000.00 $2,410.36 $6,589.64 $1,439,627.22 148 Dec-27 $9,000.00 $2,399.38 $6,600.62 $1,433,026.60 149 Jan-28 $9,000.00 $2,388.38 $6,611.62 $1,426,414.98 150 Feb-28 $9,000.00 $2,377.36 $6,622.64 $1,419,792.34 151 Mar-28 $9,000.00 $2,366.32 $6,633.68 $1,413,158.66 152 Apr-28 $9,000.00 $2,355.26 $6,644.74 $1,406,513.92 153 May-28 $9,000.00 $2,344.19 $6,655.81 $1,399,858.11 154 Jun-28 $9,000.00 $2,333.10 $6,666.90 $1,393,191.21 155 Jul-28 $9,000.00 $2,321.99 $6,678.01 $1,386,513.19 156 Aug-28 $9,000.00 $2,310.86 $6,689.14 $1,379,824.05 157 Sep-28 $9,000.00 $2,299.71 $6,700.29 $1,373,123.76 158 Oct-28 $9,000.00 $2,288.54 $6,711.46 $1,366,412.30 159 Nov-28 $9,000.00 $2,277.35 $6,722.65 $1,359,689.65 160 Dec-28 $9,000.00 $2,266.15 $6,733.85 $1,352,955.80 161 Jan-29 $9,000.00 $2,254.93 $6,745.07 $1,346,210.73 162 Feb-29 $9,000.00 $2,243.68 $6,756.32 $1,339,454.41 163 Mar-29 $9,000.00 $2,232.42 $6,767.58 $1,332,686.83 164 Apr-29 $9,000.00 $2,221.14 $6,778.86 $1,325,907.98 165 May-29 $9,000.00 $2,209.85 $6,790.15 $1,319,117.83 166 Jun-29 $9,000.00 $2,198.53 $6,801.47 $1,312,316.36 167 Jul-29 $9,000.00 $2,187.19 $6,812.81 $1,305,503.55 168 Aug-29 $9,000.00 $2,175.84 $6,824.16 $1,298,679.39 169 Sep-29 $9,000.00 $2,164.47 $6,835.53 $1,291,843.85 170 Oct-29 $9,000.00 $2,153.07 $6,846.93 $1,284,996.93 171 Nov-29 $9,000.00 $2,141.66 $6,858.34 $1,278,138.59 172 Dec-29 $9,000.00 $2,130.23 $6,869.77 $1,271,268.82 173 Jan-30 $9,000.00 $2,118.78 $6,881.22 $1,264,387.60 174 Feb-30 $9,000.00 $2,107.31 $6,892.69 $1,257,494.91 175 Mar-30 $9,000.00 $2,095.82 $6,904.18 $1,250,590.74 176 Apr-30 $9,000.00 $2,084.32 $6,915.68 $1,243,675.06 177 May-30 $9,000.00 $2,072.79 $6,927.21 $1,236,747.85 178 Jun-30 $9,000.00 $2,061.25 $6,938.75 $1,229,809.10 179 Jul-30 $9,000.00 $2,049.68 $6,950.32 $1,222,858.78 180 Aug-30 $9,000.00 $2,038.10 $6,961.90 $1,215,896.87 181 Sep-30 $9,000.00 $2,026.49 $6,973.51 $1,208,923.37 182 Oct-30 $9,000.00 $2,014.87 $6,985.13 $1,201,938.24 183 Nov-30 $9,000.00 $2,003.23 $6,996.77 $1,194,941.47 184 Dec-30 $9,000.00 $1,991.57 $7,008.43 $1,187,933.04 Page 4 of 6
185 Jan-31 $9,000.00 $1,979.89 $7,020.11 $1,180,912.93 186 Feb-31 $9,000.00 $1,968.19 $7,031.81 $1,173,881.12 187 Mar-31 $9,000.00 $1,956.47 $7,043.53 $1,166,837.59 188 Apr-31 $9,000.00 $1,944.73 $7,055.27 $1,159,782.32 189 May-31 $9,000.00 $1,932.97 $7,067.03 $1,152,715.29 190 Jun-31 $9,000.00 $1,921.19 $7,078.81 $1,145,636.48 191 Jul-31 $9,000.00 $1,909.39 $7,090.61 $1,138,545.87 192 Aug-31 $9,000.00 $1,897.58 $7,102.42 $1,131,443.45 193 Sep-31 $9,000.00 $1,885.74 $7,114.26 $1,124,329.19 194 Oct-31 $9,000.00 $1,873.88 $7,126.12 $1,117,203.07 195 Nov-31 $9,000.00 $1,862.01 $7,137.99 $1,110,065.08 196 Dec-31 $9,000.00 $1,850.11 $7,149.89 $1,102,915.18 197 Jan-32 $9,000.00 $1,838.19 $7,161.81 $1,095,753.38 198 Feb-32 $9,000.00 $1,826.26 $7,173.74 $1,088,579.63 199 Mar-32 $9,000.00 $1,814.30 $7,185.70 $1,081,393.93 200 Apr-32 $9,000.00 $1,802.32 $7,197.68 $1,074,196.25 201 May-32 $9,000.00 $1,790.33 $7,209.67 $1,066,986.58 202 Jun-32 $9,000.00 $1,778.31 $7,221.69 $1,059,764.89 203 Jul-32 $9,000.00 $1,766.27 $7,233.73 $1,052,531.17 204 Aug-32 $9,000.00 $1,754.22 $7,245.78 $1,045,285.39 205 Sep-32 $9,000.00 $1,742.14 $7,257.86 $1,038,027.53 206 Oct-32 $9,000.00 $1,730.05 $7,269.95 $1,030,757.57 207 Nov-32 $9,000.00 $1,717.93 $7,282.07 $1,023,475.50 208 Dec-32 $9,000.00 $1,705.79 $7,294.21 $1,016,181.30 209 Jan-33 $9,000.00 $1,693.64 $7,306.36 $1,008,874.93 210 Feb-33 $9,000.00 $1,681.46 $7,318.54 $1,001,556.39 211 Mar-33 $9,000.00 $1,669.26 $7,330.74 $994,225.65 212 Apr-33 $9,000.00 $1,657.04 $7,342.96 $986,882.69 213 May-33 $9,000.00 $1,644.80 $7,355.20 $979,527.50 214 Jun-33 $9,000.00 $1,632.55 $7,367.45 $972,160.04 215 Jul-33 $9,000.00 $1,620.27 $7,379.73 $964,780.31 216 Aug-33 $9,000.00 $1,607.97 $7,392.03 $957,388.28 217 Sep-33 $9,000.00 $1,595.65 $7,404.35 $949,983.92 218 Oct-33 $9,000.00 $1,583.31 $7,416.69 $942,567.23 219 Nov-33 $9,000.00 $1,570.95 $7,429.05 $935,138.18 220 Dec-33 $9,000.00 $1,558.56 $7,441.44 $927,696.74 221 Jan-34 $9,000.00 $1,546.16 $7,453.84 $920,242.90 222 Feb-34 $9,000.00 $1,533.74 $7,466.26 $912,776.64 223 Mar-34 $9,000.00 $1,521.29 $7,478.71 $905,297.93 224 Apr-34 $9,000.00 $1,508.83 $7,491.17 $897,806.76 225 May-34 $9,000.00 $1,496.34 $7,503.66 $890,303.11 226 Jun-34 $9,000.00 $1,483.84 $7,516.16 $882,786.95 227 Jul-34 $9,000.00 $1,471.31 $7,528.69 $875,258.26 228 Aug-34 $9,000.00 $1,458.76 $7,541.24 $867,717.02 229 Sep-34 $9,000.00 $1,446.20 $7,553.80 $860,163.22 230 Oct-34 $9,000.00 $1,433.61 $7,566.39 $852,596.82 Page 5 of 6
231 Nov-34 $9,000.00 $1,420.99 $7,579.01 $845,017.82 232 Dec-34 $9,000.00 $1,408.36 $7,591.64 $837,426.18 233 Jan-35 $9,000.00 $1,395.71 $7,604.29 $829,821.89 234 Feb-35 $9,000.00 $1,383.04 $7,616.96 $822,204.93 235 Mar-35 $9,000.00 $1,370.34 $7,629.66 $814,575.27 236 Apr-35 $9,000.00 $1,357.63 $7,642.37 $806,932.89 237 May-35 $9,000.00 $1,344.89 $7,655.11 $799,277.78 238 Jun-35 $9,000.00 $1,332.13 $7,667.87 $791,609.91 239 Jul-35 $9,000.00 $1,319.35 $7,680.65 $783,929.26 240 Aug-35 $9,000.00 $1,306.55 $7,693.45 $776,235.81 TOTAL $1,896,000.00 $622,217.59 $1,273,782.41 LOAN AMOUNT$2,050,018 MONTHLY PAY$4,000.00 $6,000.00 $7,000.00 $8,000.00 $9,000.00 FIXED ANNUAL2% Page 6 of 6