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<br />SENT BY:Xerox Telecopier 7020 :10-19-94 : 16:28 <br /> <br />612S422070~ <br /> <br />612 490 2275;# 2 <br /> <br />(~( )!\IP( JTYPF, INC, f( <br />".. <br />~}t~ <br />r: "'1~P\'f (J~ T.r~ '~~. Kr :,~~t'f.N} f~i~':n~1t~Tn~' r i .u;J~J t",.. <br />,.' . .. .. \ <br /> <br />J()'to.~y <br />'kuU. e..,d{. 'fbloK, It&, ~"~$ <br />~r <br />~""t1hw.cJ W. ~ ~ O::.t ~. <br /> <br />. <br /> <br /> <br />EstiJqated Proiect COBt~ 3Dd Sources Qf Fundigs; <br /> <br />&tima.1ed. Project Costs: <br /> <br />Leasehold Improvement <br />Coating BquJpment a llation <br />Drying Oven EqQ.ipme and InstallatiQn <br /> <br />Total Estimated Project Costs <br /> <br /> <br />$ 298,000 <br />539,OOP <br />4SQ.QQQ <br /> <br />$ 1.287,000 <br /> <br />Sources of Funding: <br /> <br />Pirst Bank Loan <br />City of Roseville Lean <br />Computypa Cash <br /> <br />$ 300.000 , <br />700,000 . <br />87.00Q <br />$ 1.287,000 <br /> <br />Total Sources <br /> <br />Credit Armnacmwnts <br /> <br />(> Amount: <br /> <br />Borrower: <br /> <br />Up to $1,200,000 <br />Computype~ Iuc. <br /> <br />I <br />I <br />., <br /> <br />Lenders: First Bank National Association (as the II Agent Bank") and The City of <br />RoaevlllC! (as the ."ParticipantU). First Bauk to orlgl.I1ate the $1,200.000 <br />credit wmmitment under two separate promissory notes of $700,000 and <br />$500.000 respectively. At closing, First Bank will seU the $700.000 <br />~,e. ~ (without recourse) to The City of RoseviUe aDd. will <br />(A~A/ot"lt:.t{~J:'eattcr act as the Servicing Agent for the City of Rosevll1e.---~" " <br />\b "'P' M"'","'&> . <br /> <br />ServJcmg Agent: First Bank (aD annual 0.25% servJcJng fee to be dedUQt<<i from the Cif;y's <br />imerest recoipts) <br /> <br />i" ..,.,.,. '''1'' u----:..'I"-...~__'"., ~.,' '. . ,., I 'I'" , <br /> <br />. .. ~. . . .. ...... .. <br />