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Attachment 2 <br /> <br />Financial Feasibility <br /> <br />The attached schematic proforma lists our projected costs, both hard and <br />soft and our projected sales proceeds. <br /> <br />We have a loan commitment from Bank of America for approximately <br />$14,250,000. <br /> <br />The investors have committed to a total of approximately $2,500,000 <br />($1,250,000 of which has been contributed to date). <br /> <br />Sales to date total over $6,500,000 with almost another $1,000,000 of <br />additional units reserved. (Several of our binding sales agreements are <br />contingent on receiving MUPTE) <br /> <br />In our collective opinion, the project, once it receives its exemption, is <br />financially feasible. <br /> <br /> <br />