SEMI ANNUAL

FACE VALUE 2,000,000.00

NOMINAL RATE 0.12 0.06
EFFECTIVE RATE 0.11 0.06
TIME 5.00 10.00

VALUE PV FACTOR
FACE AMOUNT 2,000,000.00 0.62
INTEREST 120,000.00 6.95

AMORTIZATION FOR 3
MOS.
CA - OCTOBER 1, 2015
TRANSACTION COST
ACQUISITION COST
ACCRUED INTEREST INCOME
TOTAL CASH PAYMENT/CASH PROCEEDS/CONSIDERATION

INTERPOLATION PROCESS

PV @ 11%
VALUE PV FACTOR
FACE AMOUNT 2,000,000.00 0.62
INTEREST 120,000.00 6.95

AMORTIZATION
CA - OCT. 1, 2016

PV @ 10%
VALUE PV FACTOR
FACE AMOUNT 2,000,000.00 0.64
INTEREST 120,000.00 7.11

AMORTIZATION
CA - OCT. 1, 2016

PV @ 10% DIFFERENCE TARGET PV

2,135,710.34 2,100,708.13
PV @ 10% - TARGET PV 35,002.22
DIVIDED BY: PV @ 10% - PV @ 11% 69,276.54
0.51
10.00
 10.51
PERCENTAGE 0.11
SEMI ANNUAL 0.05

PV ON JUNE 30 2016 AMOUNT PV FACTOR

FACE VALUE 2,000,000.00 0.63
INTEREST 120,000.00 7.03

INTEREST RECEIVED INTEREST INCOME

30-Jun-15
31-Dec-15 120,000.00 110,570.88
30-Jun-16 120,000.00 110,075.61
31-Dec-16 120,000.00 109,554.32
30-Jun-17 120,000.00 109,005.64
31-Dec-17 120,000.00 108,428.15
30-Jun-18 120,000.00 107,820.32
31-Dec-18 120,000.00 107,180.57

CA - 12/31/16 2,075,259.61
AMORTIZATION (5,497.18)
CM - 3/1/17 2,069,762.43
1/4 517,440.61
PROCEEDS 511,884.45
LOSS ON SALE 5,556.15

INTEREST FOR JAN-MAR 9,083.80

INTEREST FOR JAN-MAR 81,754.23
INTEREST FOR JULY-DEC 81,321.11
INTEREST INCOME 2017 172,159.15

CA - 2017 DEC.31 1,539,520.05

FV 1,530,000.00
LOSS ON RECLASSIFICATION 9,520.05

INTEREST 180,000.00
ULOSS 15,000.00
LOSS ON RECLASSIFICATION 9,520.05
INCOME ON INVESTMENT 155,479.95
PRESENT VALUE
1,235,258.52
834,263.43
2,069,521.95

(3,088.15)
2,066,433.81
34,274.32
2,100,708.13
60,000.00
2,160,708.13

PRESENT VALUE
1,235,258.52
834,263.43
2,069,521.95
(3,088.15)
2,066,433.81

PRESENT VALUE
1,289,217.83
852,938.60
2,142,156.43
(6,446.09)
2,135,710.34

PV @ 11%
2,066,433.81

0.12 NOMINAL
0.11 EFFECTIVE
0.01 PREMIUM
 2.00 SEMI-ANNUAL
0.01

PRESENT VALUE
1,261,634.35
843,424.45
2,105,058.81

AMORTIZATION CA
2,105,058.81
9,429.12 2,095,629.69
9,924.39 2,085,705.30
10,445.68 2,075,259.61
10,994.36 2,064,265.25
11,571.85 2,052,693.40
12,179.68 2,040,513.73
12,819.43 2,027,694.30

PROCEEDS PVF PRESENT VALUE

FACE AMOUNT 500,000.00 0.73 362,622.92
INTEREST 30,000.00 5.00 149,865.91
CA - 12/31/16 512,488.83
AMORTIZATION (604.37)
CA - 3/1/17 511,884.45

CA 2,075,259.61
2 MOS. AMORTIZATION (3,664.79)
CA 2,071,594.83
1500 OF 2000 1,556,444.71
AMORTIZATION 16,924.66
1,539,520.05