Item A: Beam Development Purchase and Sale Agreement Terms

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EXHIBIT E-1 ACQUISITION LOAN – LOAN TERMS Borrower: Beam Construction & Management, LLC Aggregate Amount: An amount not to exceed $3,550,000 Tranche 1: Section 108 Amount: $2,510,444 Term/Amortization: 10 years. Interest only payments for the first two years, commencing August 1, 2008. No principal the first two years; thereafter thirty-one (31) principal quarterly payments of $32,000 each, with a final principal installment of all unpaid principal due at maturity. Interest Rate: Prior to Conversion by HUD of Section 108 Loan: Interest rate on Section 108 Loan (currently LIBOR + 20 bps, floating) After Conversion by HUD of Section 108 Loan: Interest rate on Section 108 Loan (a fixed rate based on market conditions when sold annually (traditionally lower yields than federal agency securities (ex. Fannie Mae)) Prepayment: No prepayment after conversion to fixed rate unless (i) permitted by HUD under the corresponding Section 108 loan to the City, which allows for defeasance, or (ii) unless consented by Agency in its sole and absolute discretion. Prior to conversion may be pre-paid in whole or in part at any time. Beam shall pay to the Agency the ratable portion of any fees and charges charged to or incurred by the City or the Agency in connection with the City’s Section 108 Loan from HUD, including fiscal agent and/or trustee’s fees and conversion fees. Tranche 2: BEDI Amount: $635,556 Term/Amortization: The earlier of (i)50 years or (ii) the date on which Beam achieves a 13% rate of return on capital, to be measured according to a formula mutually agreed. All unpaid principal due at maturity. Tranche 2 may be subject to debt forgiveness upon sale of the Property if Beam fails to achieve a 13% rate of return on capital. Pursuant to Section 13.3.1 of the Agreement, the payment of the deferred development fee is subordinated to the repayment of Tranche 2. Interest Rate: 0% Prepayment: May be pre-paid in whole or in part at any time. Tranche 3: DRLP Amount: $404,000 Term/Amortization: 10 years. Interest only payments for the first two years, commencing August 1, 2008. No principal the first two years; thereafter thirty-one (31) principal quarterly payments of $5,700 each, with a final principal installment of all unpaid principal due at maturity. Interest Rate: Same as Tranche 1. Prepayment: May be pre-paid in whole or in part at any time. Payment Dates: Payments of principal and interest due on the first day of each August, November, February and May, commencing August 1, 2008 Default Rate Interest: 5% above the otherwise applicable rate Conditions Precedent to Acquisition Loan Closing: 1. Buyer shall provide Agency information demonstrating, to Agency’s satisfaction, Buyer’s compliance with all requirements of the US Department of Housing and Urban Development for its Section 108 and Brownfields Economic Development Initiative loan guarantee and grant programs. 2. Receipt by Agency of the following: a. Satisfactory evidence of the authority of Beam to enter into the transactions contemplated by this term sheet. Page - 35