The Apes ON Club • Phase II

The Apes ON Club • Phase II Strawy of Cash flow Projection 470 Acres • Draft US Dollars 2995 222/ 29Ig 291/2 MD 21211 221Z 21L1 2214 WA 2414 all 22111 Tidal Estimated ProM or (Loss) (1.363,764) 312,076 33278156 14,956,704 11,778.065 30,594,550 36,032285 28.312.142 4.136.563 2.962.461 2,515.961 3.945.800 28.00)275 195.481.294 0 LML 13 of met (454,588) 104.025 11.092.719 4.965,568 3.928028 10.198.183 12.010,762 9.437,381 1,378854 994,154 838,654 1,315.267 9.333,425 65,160,431 LML fees earned 1.139.969 1.319.825 2.478.693 714,888 1.020.000 1.735.000 1.548000 1.700.000 1.773.000 139,000 143,000 148,000 152.000 14,012.375 Total met plus lees 685,381 1.423.850 13,571.412 5,700,456 4846828 11.933.183 13.559.782 11.137.381 3,151,854 1,133,154 961.654 1,483,267 9.485,425 79,172,806 Cash flow before debt 8 meal expencalures 1,123,997 10,352,021 58088.394 32912525 35.151.327 72.823.481 99.808,026 72.820.092 32,929,038 2.982,461 2,515.961 3845,800 26060275 450.4.83.398 Equity comrbutIon and return 12.000,000 12003.000 BNB debt increase (decrease). net 20,907.371 33.415.742 (9.815.113) (6,650,000) (8455,576) (31,402,424) Capital imendttures (31.881.215) (43.0)5.992) (35.654.655) (18.431,780) (16.228026) (30,163.634) (23.967.789) (26.848508) (28,187.781) 0 0 0 0 (254.366878) Cash lb wafer debt 8 capital evenditures 2.150,153 761.771 9,818.626 7,830,745 12.467,725 11,257,223 75,848237 45,974,586 4.741,257 2,982,481 2.515.961 3.945.800 28.000,275 208,086.620 Number of units sold Lots 14 105 17 14 33 22 205 Villas 2 8 12 12 14 14 62 Total number of units sold 14 105 19 22 45 34 14 14 267 EFTA00724907