Seaforth Energy ("Seaforth" or the "Company")

Weekly Cash Flow

Cash Inflows
Week of

Week of Week of Week of

7-Jul-14

14-Jul-14

21-Jul-14 28-i u 1-14

Collection of Amherst Receivable

61,000

-
Collection of Pictou Receivable

155,893
Guysborough Final Payment

56,043
Third Party Advances

20,000

90,000

- 1
Total Inflows

20,000

61,000

90,000

211,936
Cash Outflows
Maintenance Services

2,394

. .

1,197
Office, Warehouse - Rent & Utilities

7,874

8,885

2,000
Professional Fees - Legal & Trustee under Proposal

22,500

7,500

- 2
KLM Financial Contract Accountants

6,277

-
Insurance

3,000

-
University Saint Anne Construction Costs

26,397

- 3
Amherst Construction Costs

52,530

- 3
Pictou Construction Costs

50,367 3
Warranty Work

36,238

- 4
Third Party Repayments

20,000

90,000 1
Total Outflows

42,045

27,500

124,050

143,564
New Cash Inflow/Outflow

(22,045)

33,500

(34,050)

68,372
Cash Beginning of the Week

24,212

2,167

35,667

1,617
Cash End of the Week

2,167

35,667

1,617

69,989
Assumptions/Notes
The Company is in the process of completing three contracts. No new contracts are being entered into.
The Company is working with Endurance WindPower who is providing short term financing when necessary.
Amounts are repaid the following week based on collection of accounts receivable.
2

Represents an estimate of $15,000 each for the Companies restructuring professionals, both legal and
insolvency, during the 30 day period.
3

Projected costs to complete the three contracts.

4 Seaforth has installed 14 units in Nova Scotia with the contract for a five year warranty. The Company has
been notified of warranty issues for several of the units. This estimate represents the costs to remediate.