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<br />SENT BY:Xerox Telecopier 7020 ;10-19-94 16:29 <br /> <br />Collateral: <br /> <br />Advances: <br /> <br />~~ <br />~ ~ M.e cJlJ. Q <br />fJ:~ ~' <br /> <br />~~~~ <br />~~~~ <br />~~ ~~~ T~ MU.. <br />~ ~~QJ..ro-' <br />Amortization: <br /> <br />Term: <br /> <br />Interest Rate: <br /> <br />6123422070~ 612 490 2275:# 3 <br /> <br />'t>d>.n~e&t c/o <br />JdAN ~ <br /> <br />City of Roseville Note: A fi~st security interest (purchRSD money lien) <br />covering the now cQating equipment and. drying oven equipment. <br /> <br />First Bank Note: Continuation of the Bank's existing first security interest <br />in aU of Computype'lI domestic assets except the new coating and drylDg <br />oven equipment in which the Bank~ s security interest will be wbordinated <br />to that of the City of Rosevi11e. <br /> <br />Advances wiU be made upon receipt of draw requests from the <br />BOlTower (as project costs arc Incurred). ~ ? <br />Q.('w..M , <br />AlL proceeds are expected to be advanced. within ~onths of the <br />date of closing the so credit commitII)cDtS. . <br /> <br />) c) Advances will be applied first from thl) City of RoseviUe's <br />~ommitment until fully drawn and the balance from First Bank'lI <br />aonunitment. ~ ~ <br /> <br />d) Draw requests will be a _J_~ amount of $100,000 and will <br />number no more than ~U:tat. Draw requests will '6e <br />administered by First Bank without Involvement of a title <br />comp~ . <br /> <br />a) <br /> <br />b) <br /> <br />Interest only (payable monthly) durin,g the first six months of the <br />commitment. Thereafter. monthly principal and interest billings will <br />commence in an amount sufficient to fully amortize th$ prl1icipal balance <br />over the remaining term of the respective commitmel1t8: 84 months for <br />the City of Rosevi11e Note anc142 months for the First BalIk Note. <br /> <br />City of R05cville Note: 90 Months ~:nths interest only and 84 <br />months amortization) <br /> <br />.n{! <br />48 Months ~.wonths interest ouly and 42 <br />mouths amortization) <br /> <br />City of RosevJJJe: Fixed rate of S.7S% (2~ u.-..~ F- ) <br /> <br />First B.mk Note: <br /> <br />First Bank: Floating rate basis of 1.5% above Fkst Bank's uRefcrcn::o <br />Rate" with an option at a specIfic thne to convert to a flXcd rate equal to <br />3.0% over FiJ:st Bank's four year adjWi~ CD rate as of the conversion <br />date. <br /> <br />Prepayment p:enalty: There will be no prepayment penalty for either Note at any time during <br />their respective terms. <br /> <br />. <br /> <br />~ .lIor;-'joO'" . <br /> <br />.. ......... H. .. I <br /> <br />. ..... I I. ~I:. ~ I . '. I . . i.' . : <br /> <br />I ~ . t......, .. . ..... I . <br />