Proposed Oxymon Solution Limited Financial Projections

PROPOSED: Oxymon Solution Limited
Assumptions
No of New Agents
Total No of agents
% number of active agent 1
No of customer per agent 100
No of New customers per year per agent 1 0 0
no of customers
% active customers 1
% No of customer that will open Account 1
Number of Days in a Yr 261
Number of Months 12
No of Weeks in a Yr 52
No of weeks in a month 4
Average No of Deposit transaction per customer per month 4
Average no of withdrawals per customer 2
Average no of Funds transfer 1
Bill Payment 1
% no of customers for bill payment 0
Average amount for Airtime recharge 100
Average No of recharge per month 4
Commission on recharge 0
Transaction fee Account Opening 100
Transaction fee BVN enrolment 100
Transaction fee Deposit 100
Transaction fee Cash withdrawal 100
Transaction fee Funds Transfer 100
Transaction fee Bill payment 100
Share of Transaction Fee Account Opening 0
Share of transaction Fee BVN Enrolment 0
Share of transaction fee 0
Cost of Transfers and Deposit 10
Cost of Bill Payment 30
% of BVN Enrollment of total customers 1
Government Disbursement 100
% No of Customers for Government Disbursement 0
Commission on Card Sales 40
% of Account opened with Card 1
Revenue
Account Opening
BVN Enrollment
Card sales
Cash Deposit
Cash Withdrawal
Funds Transfer
Government Funds Disbursement
Bill Payment
Airtime
MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6
100 100 120 130 150 160
100 200 320 450 600 760
50 100 160 225 300 380
5,000 10,000 16,000 22,500 30,000 38,000
2,750 5,500 8,800 12,375 16,500 20,900
10,000 20,000 32,000 45,000 60,000 76,000
5,000 10,000 16,000 22,500 30,000 38,000
2,500 5,000 8,000 11,250 15,000 19,000
200,000 400,000 480,000 520,000 600,000 640,000

100,000 200,000 240,000 260,000 300,000 320,000
110,000 110,000 132,000 143,000 165,000 176,000

110,000 110,000 132,000 143,000 165,000 176,000
55,000 55,000 66,000 71,500 82,500 88,000
4,800,000 4,800,000 5,760,000 6,240,000 7,200,000 7,680,000
2,400,000 2,400,000 2,880,000 3,120,000 3,600,000 3,840,000
1,200,000 1,200,000 1,440,000 1,560,000 1,800,000 1,920,000
60,000 60,000 72,000 78,000 90,000 96,000
1,200,000 1,200,000 1,440,000 1,560,000 1,800,000 1,920,000
360,000 360,000 432,000 468,000 540,000 576,000
180 190 200 200 220 250
940 1,130 1,330 1,530 1,750 2,000
470 565 665 765 875 1,000
47,000 56,500 66,500 76,500 87,500 100,000
25,850 31,075 36,575 42,075 48,125 55,000
94,000 113,000 133,000 153,000 175,000 200,000
47,000 56,500 66,500 76,500 87,500 100,000
23,500 28,250 33,250 38,250 43,750 50,000
720,000 760,000 800,000 800,000 880,000 1,000,000

360,000 380,000 400,000 400,000 440,000 500,000
198,000 209,000 220,000 220,000 242,000 275,000

198,000 209,000 220,000 220,000 242,000 275,000
99,000 104,500 110,000 110,000 121,000 137,500
8,640,000 9,120,000 9,600,000 9,600,000 10,560,000 12,000,000
4,320,000 4,560,000 4,800,000 4,800,000 5,280,000 6,000,000
2,160,000 2,280,000 2,400,000 2,400,000 2,640,000 3,000,000
108,000 114,000 120,000 120,000 132,000 150,000
2,160,000 2,280,000 2,400,000 2,400,000 2,640,000 3,000,000
648,000 684,000 720,000 720,000 792,000 900,000
TOTAL YR 1 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5
2,000 280 320 360 400 420
2,000 2,280 2,600 2,960 3,360 3,780
1,000 1,140 1,300 1,480 1,680 1,890
100,000 114,000 130,000 148,000 168,000 189,000
55,000 62,700 71,500 81,400 92,400 103,950
200,000 228,000 260,000 296,000 336,000 378,000
100,000 114,000 130,000 148,000 168,000 189,000
50,000 57,000 65,000 74,000 84,000 94,500
4,000,000 1,120,000 1,280,000 1,440,000 1,600,000 1,680,000

2,000,000 560,000 640,000 720,000 800,000 840,000
2,200,000 308,000 352,000 396,000 440,000 462,000

2,200,000 308,000 352,000 396,000 440,000 462,000
1,100,000 154,000 176,000 198,000 220,000 231,000
96,000,000 13,440,000 15,360,000 17,280,000 19,200,000 20,160,000
48,000,000 6,720,000 7,680,000 8,640,000 9,600,000 10,080,000
24,000,000 3,360,000 3,840,000 4,320,000 4,800,000 5,040,000
1,200,000 168,000 192,000 216,000 240,000 252,000
24,000,000 3,360,000 3,840,000 4,320,000 4,800,000 5,040,000
7,200,000 1,008,000 1,152,000 1,296,000 1,440,000 1,512,000
450 470 480 470 470 450
4,230 4,700 5,180 5,650 6,120 6,570
2,115 2,350 2,590 2,825 3,060 3,285
211,500 235,000 259,000 282,500 306,000 328,500
116,325 129,250 142,450 155,375 168,300 180,675
423,000 470,000 518,000 565,000 612,000 657,000
211,500 235,000 259,000 282,500 306,000 328,500
105,750 117,500 129,500 141,250 153,000 164,250
1,800,000 1,880,000 1,920,000 1,880,000 1,880,000 1,800,000

900,000 940,000 960,000 940,000 940,000 900,000
495,000 517,000 528,000 517,000 517,000 495,000

495,000 517,000 528,000 517,000 517,000 495,000
247,500 258,500 264,000 258,500 258,500 247,500
21,600,000 22,560,000 23,040,000 22,560,000 22,560,000 21,600,000
10,800,000 11,280,000 11,520,000 11,280,000 11,280,000 10,800,000
5,400,000 5,640,000 5,760,000 5,640,000 5,640,000 5,400,000
270,000 282,000 288,000 282,000 282,000 270,000
5,400,000 5,640,000 5,760,000 5,640,000 5,640,000 5,400,000
1,620,000 1,692,000 1,728,000 1,692,000 1,692,000 1,620,000
MONTH 12 YR 2 TOTAL MONTH 1 MONTH 2 MONTH 3 MONTH 4
430 5,000 415 417 417 417
7,000 7,000 7,415 7,832 8,249 8,666
3,500 2,500 3,708 3,916 4,125 4,333
350,000 250,000 370,750 391,600 412,450 433,300
192,500 137,500 203,913 215,380 226,848 238,315
700,000 500,000 741,500 783,200 824,900 866,600
350,000 250,000 370,750 391,600 412,450 433,300
175,000 125,000 185,375 195,800 206,225 216,650
1,720,000 20,000,000 1,660,000 1,668,000 1,668,000 1,668,000

860,000 10,000,000 830,000 834,000 834,000 834,000
473,000 5,500,000 1,095,600 1,100,880 1,100,880 1,100,880

473,000 5,500,000 1,095,600 1,100,880 1,100,880 1,100,880
236,500 2,750,000 547,800 550,440 550,440 550,440
20,640,000 240,000,000 47,808,000 48,038,400 48,038,400 48,038,400
10,320,000 120,000,000 23,904,000 24,019,200 24,019,200 24,019,200
5,160,000 60,000,000 11,952,000 12,009,600 12,009,600 12,009,600
258,000 3,000,000 597,600 600,480 600,480 600,480
5,160,000 60,000,000 11,952,000 12,009,600 12,009,600 12,009,600
1,548,000 18,000,000 3,585,600 3,602,880 3,602,880 3,602,880
417 417 417 417 415 417
9,083 9,500 9,917 10,334 10,749 11,166
4,542 4,750 4,959 5,167 5,375 5,583
454,150 475,000 495,850 516,700 537,450 558,300
249,783 261,250 272,718 284,185 295,598 307,065
908,300 950,000 991,700 1,033,400 1,074,900 1,116,600
454,150 475,000 495,850 516,700 537,450 558,300
227,075 237,500 247,925 258,350 268,725 279,150
1,668,000 1,668,000 1,668,000 1,668,000 1,660,000 1,668,000

834,000 834,000 834,000 834,000 830,000 834,000
1,100,880 1,100,880 1,100,880 1,100,880 1,095,600 1,100,880

1,100,880 1,100,880 1,100,880 1,100,880 1,095,600 1,100,880
550,440 550,440 550,440 550,440 547,800 550,440
48,038,400 48,038,400 48,038,400 48,038,400 47,808,000 48,038,400
24,019,200 24,019,200 24,019,200 24,019,200 23,904,000 24,019,200
12,009,600 12,009,600 12,009,600 12,009,600 11,952,000 12,009,600
600,480 600,480 600,480 600,480 597,600 600,480
12,009,600 12,009,600 12,009,600 12,009,600 11,952,000 12,009,600
3,602,880 3,602,880 3,602,880 3,602,880 3,585,600 3,602,880
MONTH 11 MONTH 12 YR 3 TOTAL MONTH 1 MONTH 2 MONTH 3
417 417 5,000 415 417 417
11,583 12,000 12,000 12,415 12,832 13,249
5,792 6,000 6,000 6,208 6,416 6,625
579,150 600,000 600,000 620,750 641,600 662,450
318,533 330,000 330,000 341,413 352,880 364,348
1,158,300 1,200,000 1,200,000 1,241,500 1,283,200 1,324,900
579,150 600,000 600,000 620,750 641,600 662,450
289,575 300,000 300,000 310,375 320,800 331,225
1,668,000 1,668,000 20,000,000 1,660,000 1,668,000 1,668,000

834,000 834,000 10,000,000 830,000 834,000 834,000
1,100,880 1,100,880 13,200,000 1,552,100 1,559,580 1,559,580

1,100,880 1,100,880 13,200,000 1,552,100 1,559,580 1,559,580
550,440 550,440 6,600,000 776,050 779,790 779,790
48,038,400 48,038,400 576,000,000 67,728,000 68,054,400 68,054,400
24,019,200 24,019,200 288,000,000 33,864,000 34,027,200 34,027,200
12,009,600 12,009,600 144,000,000 16,932,000 17,013,600 17,013,600
600,480 600,480 7,200,000 846,600 850,680 850,680
12,009,600 12,009,600 144,000,000 16,932,000 17,013,600 17,013,600
3,602,880 3,602,880 43,200,000 5,079,600 5,104,080 5,104,080
417 417 417 417 417 415
13,666 14,083 14,500 14,917 15,334 15,749
6,833 7,042 7,250 7,459 7,667 7,875
683,300 704,150 725,000 745,850 766,700 787,450
375,815 387,283 398,750 410,218 421,685 433,098
1,366,600 1,408,300 1,450,000 1,491,700 1,533,400 1,574,900
683,300 704,150 725,000 745,850 766,700 787,450
341,650 352,075 362,500 372,925 383,350 393,725
1,668,000 1,668,000 1,668,000 1,668,000 1,668,000 1,660,000

834,000 834,000 834,000 834,000 834,000 830,000
1,559,580 1,559,580 1,559,580 1,559,580 1,559,580 1,552,100

1,559,580 1,559,580 1,559,580 1,559,580 1,559,580 1,552,100
779,790 779,790 779,790 779,790 779,790 776,050
68,054,400 68,054,400 68,054,400 68,054,400 68,054,400 67,728,000
34,027,200 34,027,200 34,027,200 34,027,200 34,027,200 33,864,000
17,013,600 17,013,600 17,013,600 17,013,600 17,013,600 16,932,000
850,680 850,680 850,680 850,680 850,680 846,600
17,013,600 17,013,600 17,013,600 17,013,600 17,013,600 16,932,000
5,104,080 5,104,080 5,104,080 5,104,080 5,104,080 5,079,600
MONTH 10 MONTH 11 MONTH 12 YR 4 TOTAL MONTH 1 MONTH 2
417 417 417 5,000 415 417
16,166 16,583 17,000 17,000 17,415 17,832
8,083 8,292 8,500 8,500 8,708 8,916
808,300 829,150 850,000 850,000 870,750 891,600
444,565 456,033 467,500 467,500 478,913 490,380
1,616,600 1,658,300 1,700,000 1,700,000 1,741,500 1,783,200
808,300 829,150 850,000 850,000 870,750 891,600
404,150 414,575 425,000 425,000 435,375 445,800
1,668,000 1,668,000 1,668,000 20,000,000 1,660,000 1,668,000

834,000 834,000 834,000 10,000,000 830,000 834,000
1,559,580 1,559,580 1,559,580 18,700,000 730,400 733,920

1,559,580 1,559,580 1,559,580 18,700,000 730,400 733,920
779,790 779,790 779,790 9,350,000 365,200 366,960
68,054,400 68,054,400 68,054,400 816,000,000 87,648,000 88,070,400
34,027,200 34,027,200 34,027,200 408,000,000 43,824,000 44,035,200
17,013,600 17,013,600 17,013,600 204,000,000 21,912,000 22,017,600
850,680 850,680 850,680 10,200,000 1,095,600 1,100,880
17,013,600 17,013,600 17,013,600 204,000,000 21,912,000 22,017,600
5,104,080 5,104,080 5,104,080 61,200,000 6,573,600 6,605,280
417 417 417 417 417 417
18,249 18,666 19,083 19,500 19,917 20,334
9,125 9,333 9,542 9,750 9,959 10,167
912,450 933,300 954,150 975,000 995,850 1,016,700
501,848 513,315 524,783 536,250 199,170 203,340
1,824,900 1,866,600 1,908,300 1,950,000 1,991,700 2,033,400
912,450 933,300 954,150 975,000 995,850 1,016,700
456,225 466,650 477,075 487,500 497,925 508,350
1,668,000 1,668,000 1,668,000 1,668,000 1,668,000 1,668,000

834,000 834,000 834,000 834,000 834,000 834,000
733,920 733,920 733,920 733,920 733,920 733,920

733,920 733,920 733,920 733,920 733,920 733,920
366,960 366,960 366,960 366,960 366,960 366,960
88,070,400 88,070,400 88,070,400 88,070,400 88,070,400 88,070,400
44,035,200 44,035,200 44,035,200 44,035,200 44,035,200 44,035,200
22,017,600 22,017,600 22,017,600 22,017,600 22,017,600 22,017,600
1,100,880 1,100,880 1,100,880 1,100,880 1,100,880 1,100,880
22,017,600 22,017,600 22,017,600 22,017,600 22,017,600 22,017,600
6,605,280 6,605,280 6,605,280 6,605,280 6,605,280 6,605,280
MONTH 9 MONTH 10 MONTH 11 MONTH 12 YR 5 TOTAL MONTH 1
415 417 417 417 5,000 250
20,749 21,166 21,583 22,000 22,000 22,250
10,375 10,583 10,792 11,000 11,000 11,125
1,037,450 1,058,300 1,079,150 1,100,000 1,100,000 1,112,500
207,490 211,660 215,830 220,000 220,000 222,500
2,074,900 2,116,600 2,158,300 2,200,000 2,200,000 2,225,000
1,037,450 1,058,300 1,079,150 1,100,000 1,100,000 1,112,500
518,725 529,150 539,575 550,000 550,000 556,250
1,660,000 1,668,000 1,668,000 1,668,000 20,000,000 1,000,000

830,000 834,000 834,000 834,000 10,000,000 500,000
730,400 733,920 733,920 733,920 8,800,000 833,333

730,400 733,920 733,920 733,920 8,800,000 833,333
365,200 366,960 366,960 366,960 4,400,000 416,667
87,648,000 88,070,400 88,070,400 88,070,400 1,056,000,000 100,000,000
43,824,000 44,035,200 44,035,200 44,035,200 528,000,000 50,000,000
21,912,000 22,017,600 22,017,600 22,017,600 264,000,000 25,000,000
1,095,600 1,100,880 1,100,880 1,100,880 13,200,000 1,250,000
21,912,000 22,017,600 22,017,600 22,017,600 264,000,000 25,000,000
6,573,600 6,605,280 6,605,280 6,605,280 79,200,000 7,500,000
250 250 250 250 250 250
22,500 22,750 23,000 23,250 23,500 23,750
11,250 11,375 11,500 11,625 11,750 11,875
1,125,000 1,137,500 1,150,000 1,162,500 1,175,000 1,187,500
225,000 227,500 230,000 232,500 235,000 237,500
2,250,000 2,275,000 2,300,000 2,325,000 2,350,000 2,375,000
1,125,000 1,137,500 1,150,000 1,162,500 1,175,000 1,187,500
562,500 568,750 575,000 581,250 587,500 593,750
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

500,000 500,000 500,000 500,000 500,000 500,000
833,333 833,333 833,333 833,333 833,333 833,333

833,333 833,333 833,333 833,333 833,333 833,333
416,667 416,667 416,667 416,667 416,667 416,667
100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000
50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000
25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000
MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12
250 250 250 250 250
24,000 24,250 24,500 24,750 25,000
12,000 12,125 12,250 12,375 12,500
1,200,000 1,212,500 1,225,000 1,237,500 1,250,000
240,000 242,500 245,000 247,500 250,000
2,400,000 2,425,000 2,450,000 2,475,000 2,500,000
1,200,000 1,212,500 1,225,000 1,237,500 1,250,000
600,000 606,250 612,500 618,750 625,000
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

500,000 500,000 500,000 500,000 500,000
833,333 833,333 833,333 833,333 833,333

833,333 833,333 833,333 833,333 833,333
416,667 416,667 416,667 416,667 416,667
100,000,000 100,000,000 100,000,000 100,000,000 100,000,000
50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
1,250,000 1,250,000 1,250,000 1,250,000 1,250,000
25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
7,500,000 7,500,000 7,500,000 7,500,000 7,500,000
YR 6 TOTAL MONTH 1 MONTH 2 MONTH 3 MONTH 4
3,000 250 250 250 250
25,000 25,250 25,500 25,750 26,000
12,500 12,625 12,750 12,875 13,000
1,250,000 1,262,500 1,275,000 1,287,500 1,300,000
250,000 252,500 255,000 257,500 260,000
2,500,000 2,525,000 2,550,000 2,575,000 2,600,000
1,250,000 1,262,500 1,275,000 1,287,500 1,300,000
625,000 631,250 637,500 643,750 650,000
12,000,000 1,000,000 1,000,000 1,000,000 1,000,000

6,000,000 500,000 500,000 500,000 500,000
10,000,000 933,333 933,333 933,333 933,333

10,000,000 933,333 933,333 933,333 933,333
5,000,000 466,667 466,667 466,667 466,667
1,200,000,000 112,000,000 112,000,000 112,000,000 112,000,000
600,000,000 56,000,000 56,000,000 56,000,000 56,000,000
300,000,000 28,000,000 28,000,000 28,000,000 28,000,000
15,000,000 1,400,000 1,400,000 1,400,000 1,400,000
300,000,000 28,000,000 28,000,000 28,000,000 28,000,000
90,000,000 8,400,000 8,400,000 8,400,000 8,400,000
250 250 250 250 250 250
26,250 26,500 26,750 27,000 27,250 27,500
13,125 13,250 13,375 13,500 13,625 13,750
1,312,500 1,325,000 1,337,500 1,350,000 1,362,500 1,375,000
262,500 265,000 267,500 270,000 272,500 275,000
2,625,000 2,650,000 2,675,000 2,700,000 2,725,000 2,750,000
1,312,500 1,325,000 1,337,500 1,350,000 1,362,500 1,375,000
656,250 662,500 668,750 675,000 681,250 687,500
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

500,000 500,000 500,000 500,000 500,000 500,000
933,333 933,333 933,333 933,333 933,333 933,333

933,333 933,333 933,333 933,333 933,333 933,333
466,667 466,667 466,667 466,667 466,667 466,667
112,000,000 112,000,000 112,000,000 112,000,000 112,000,000 112,000,000
56,000,000 56,000,000 56,000,000 56,000,000 56,000,000 56,000,000
28,000,000 28,000,000 28,000,000 28,000,000 28,000,000 28,000,000
1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000
28,000,000 28,000,000 28,000,000 28,000,000 28,000,000 28,000,000
8,400,000 8,400,000 8,400,000 8,400,000 8,400,000 8,400,000
MONTH 11 MONTH 12 YR 7 TOTAL MONTH 1 MONTH 2
250 250 3,000 250 250
27,750 28,000 28,000 28,250 28,500
13,875 14,000 14,000 14,125 14,250
1,387,500 1,400,000 1,400,000 1,412,500 1,425,000
277,500 280,000 280,000 282,500 285,000
2,775,000 2,800,000 2,800,000 2,825,000 2,850,000
1,387,500 1,400,000 1,400,000 1,412,500 1,425,000
693,750 700,000 700,000 706,250 712,500
1,000,000 1,000,000 12,000,000 1,000,000 1,000,000

500,000 500,000 6,000,000 500,000 500,000
933,333 933,333 11,200,000 516,667 516,667

933,333 933,333 11,200,000 516,667 516,667
466,667 466,667 5,600,000 258,333 258,333
112,000,000 112,000,000 1,344,000,000 124,000,000 124,000,000
56,000,000 56,000,000 672,000,000 62,000,000 62,000,000
28,000,000 28,000,000 336,000,000 31,000,000 31,000,000
1,400,000 1,400,000 16,800,000 1,550,000 1,550,000
28,000,000 28,000,000 336,000,000 31,000,000 31,000,000
8,400,000 8,400,000 100,800,000 9,300,000 9,300,000
250 250 250 250 250 250
28,750 29,000 29,250 29,500 29,750 30,000
14,375 14,500 14,625 14,750 14,875 15,000
1,437,500 1,450,000 1,462,500 1,475,000 1,487,500 1,500,000
287,500 290,000 292,500 295,000 297,500 300,000
2,875,000 2,900,000 2,925,000 2,950,000 2,975,000 3,000,000
1,437,500 1,450,000 1,462,500 1,475,000 1,487,500 1,500,000
718,750 725,000 731,250 737,500 743,750 750,000
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

500,000 500,000 500,000 500,000 500,000 500,000
516,667 516,667 516,667 516,667 516,667 516,667

516,667 516,667 516,667 516,667 516,667 516,667
258,333 258,333 258,333 258,333 258,333 258,333
124,000,000 124,000,000 124,000,000 124,000,000 124,000,000 124,000,000
62,000,000 62,000,000 62,000,000 62,000,000 62,000,000 62,000,000
31,000,000 31,000,000 31,000,000 31,000,000 31,000,000 31,000,000
1,550,000 1,550,000 1,550,000 1,550,000 1,550,000 1,550,000
31,000,000 31,000,000 31,000,000 31,000,000 31,000,000 31,000,000
9,300,000 9,300,000 9,300,000 9,300,000 9,300,000 9,300,000
MONTH 9 MONTH 10 MONTH 11 MONTH 12 YR 8 TOTAL
250 250 250 250 3,000
30,250 30,500 30,750 31,000 31,000
15,125 15,250 15,375 15,500 15,500
1,512,500 1,525,000 1,537,500 1,550,000 1,550,000
302,500 305,000 307,500 310,000 155,000
3,025,000 3,050,000 3,075,000 3,100,000 3,100,000
1,512,500 1,525,000 1,537,500 1,550,000 1,550,000
756,250 762,500 768,750 775,000 775,000
1,000,000 1,000,000 1,000,000 1,000,000 12,000,000

500,000 500,000 500,000 500,000 6,000,000
516,667 516,667 516,667 516,667 6,200,000

516,667 516,667 516,667 516,667 6,200,000
258,333 258,333 258,333 258,333 3,100,000
124,000,000 124,000,000 124,000,000 124,000,000 1,488,000,000
62,000,000 62,000,000 62,000,000 62,000,000 744,000,000
31,000,000 31,000,000 31,000,000 31,000,000 372,000,000
1,550,000 1,550,000 1,550,000 1,550,000 18,600,000
31,000,000 31,000,000 31,000,000 31,000,000 372,000,000
9,300,000 9,300,000 9,300,000 9,300,000 111,600,000
200 180 180 160 160 160
31,200 31,380 31,560 31,720 31,880 32,040
15,600 15,690 15,780 15,860 15,940 16,020
1,560,000 1,569,000 1,578,000 1,586,000 1,594,000 1,602,000
312,000 313,800 315,600 317,200 318,800 320,400
3,120,000 3,138,000 3,156,000 3,172,000 3,188,000 3,204,000
1,560,000 1,569,000 1,578,000 1,586,000 1,594,000 1,602,000
780,000 784,500 789,000 793,000 797,000 801,000
800,000 720,000 720,000 640,000 640,000 640,000

400,000 360,000 360,000 320,000 320,000 320,000
660,000 594,000 594,000 528,000 528,000 528,000

660,000 594,000 594,000 528,000 528,000 528,000
330,000 297,000 297,000 264,000 264,000 264,000
158,400,000 142,560,000 142,560,000 126,720,000 126,720,000 126,720,000
79,200,000 71,280,000 71,280,000 63,360,000 63,360,000 63,360,000
39,600,000 35,640,000 35,640,000 31,680,000 31,680,000 31,680,000
1,980,000 1,782,000 1,782,000 1,584,000 1,584,000 1,584,000
39,600,000 35,640,000 35,640,000 31,680,000 31,680,000 31,680,000
11,880,000 10,692,000 10,692,000 9,504,000 9,504,000 9,504,000
160 160 160 160 160 160
32,200 32,360 32,520 32,680 32,840 33,000
16,100 16,180 16,260 16,340 16,420 16,500
1,610,000 1,618,000 1,626,000 1,634,000 1,642,000 1,650,000
322,000 323,600 325,200 326,800 328,400 330,000
3,220,000 3,236,000 3,252,000 3,268,000 3,284,000 3,300,000
1,610,000 1,618,000 1,626,000 1,634,000 1,642,000 1,650,000
805,000 809,000 813,000 817,000 821,000 825,000
640,000 640,000 640,000 640,000 640,000 640,000

320,000 320,000 320,000 320,000 320,000 320,000
528,000 528,000 528,000 528,000 528,000 528,000

528,000 528,000 528,000 528,000 528,000 528,000
264,000 264,000 264,000 264,000 264,000 264,000
126,720,000 126,720,000 126,720,000 126,720,000 126,720,000 126,720,000
63,360,000 63,360,000 63,360,000 63,360,000 63,360,000 63,360,000
31,680,000 31,680,000 31,680,000 31,680,000 31,680,000 31,680,000
1,584,000 1,584,000 1,584,000 1,584,000 1,584,000 1,584,000
31,680,000 31,680,000 31,680,000 31,680,000 31,680,000 31,680,000
9,504,000 9,504,000 9,504,000 9,504,000 9,504,000 9,504,000
2,000 120 100 80 80
33,000 33,120 33,220 33,300 33,380
16,500 16,560 16,610 16,650 16,690
1,650,000 1,656,000 1,661,000 1,665,000 1,669,000
165,000 331,200 332,200 333,000 333,800
3,300,000 3,312,000 3,322,000 3,330,000 3,338,000
1,650,000 1,656,000 1,661,000 1,665,000 1,669,000
825,000 828,000 830,500 832,500 834,500
8,000,000 480,000 400,000 320,000 320,000

4,000,000 240,000 200,000 160,000 160,000
6,600,000 816,000 680,000 544,000 544,000

6,600,000 816,000 680,000 544,000 544,000
3,300,000 408,000 340,000 272,000 272,000
1,584,000,000 195,840,000 163,200,000 130,560,000 130,560,000
792,000,000 97,920,000 81,600,000 65,280,000 65,280,000
396,000,000 48,960,000 40,800,000 32,640,000 32,640,000
19,800,000 2,448,000 2,040,000 1,632,000 1,632,000
396,000,000 48,960,000 40,800,000 32,640,000 32,640,000
118,800,000 14,688,000 12,240,000 9,792,000 9,792,000
80 80 80 80 80 80
33,460 33,540 33,620 33,700 33,780 33,860
16,730 16,770 16,810 16,850 16,890 16,930
1,673,000 1,677,000 1,681,000 1,685,000 1,689,000 1,693,000
334,600 335,400 336,200 337,000 337,800 338,600
3,346,000 3,354,000 3,362,000 3,370,000 3,378,000 3,386,000
1,673,000 1,677,000 1,681,000 1,685,000 1,689,000 1,693,000
836,500 838,500 840,500 842,500 844,500 846,500
320,000 320,000 320,000 320,000 320,000 320,000

160,000 160,000 160,000 160,000 160,000 160,000
544,000 544,000 544,000 544,000 544,000 544,000

544,000 544,000 544,000 544,000 544,000 544,000
272,000 272,000 272,000 272,000 272,000 272,000
130,560,000 130,560,000 130,560,000 130,560,000 130,560,000 130,560,000
65,280,000 65,280,000 65,280,000 65,280,000 65,280,000 65,280,000
32,640,000 32,640,000 32,640,000 32,640,000 32,640,000 32,640,000
1,632,000 1,632,000 1,632,000 1,632,000 1,632,000 1,632,000
32,640,000 32,640,000 32,640,000 32,640,000 32,640,000 32,640,000
9,792,000 9,792,000 9,792,000 9,792,000 9,792,000 9,792,000
MONTH 11 MONTH 12 YR 10 TOTAL
80 60 1,000
33,940 34,000 34,000
16,970 17,000 17,000
1,697,000 1,700,000 1,700,000
339,400 340,000 170,000
3,394,000 3,400,000 3,400,000
1,697,000 1,700,000 1,700,000
848,500 850,000 850,000
320,000 240,000 4,000,000

160,000 120,000 2,000,000
544,000 408,000 6,800,000

544,000 408,000 6,800,000
272,000 204,000 3,400,000
130,560,000 97,920,000 1,632,000,000
65,280,000 48,960,000 816,000,000
32,640,000 24,480,000 408,000,000
1,632,000 1,224,000 20,400,000
32,640,000 24,480,000 408,000,000
9,792,000 7,344,000 122,400,000
PROPOSED: ADX NETWORK LIMITED
CASHFLOW PROJECTION FOR 10 YEARS
Cash Inflow
SINEF Loan
Account Opening
BVN Enrollment
Card Sales
Cash Deposit
Cash Withdrawal
Fund Transfer
Bill Payment
Airtime Purchase
Government Disbursement
Total Cash Inflow
Cost of Goods Sold
Direct Cost
Total COGS
Cash Outflow
Purchase of terminals
BVN Devices
Agent Recruitment
Training
Branding
Bank Service Charges
Refund
Salary
Security & Maintenance
Operating Expenses
Telephone
Travel &Transport
Loan Processing charge
Loan Repayment
Interest on Loan
Taxes
Total Cash Outflow
Balance brought forward

Balance Carried forward
YEAR ONE (1)
MONTH 1 MONTH 2
-
500,000,000.00
110,000.00 110,000.00
110,000.00 110,000.00
55,000.00 55,000.00
- 4,800,000.00 4,800,000.00
2,400,000.00 2,400,000.00
1,200,000.00 1,200,000.00
1,200,000.00 1,200,000.00
- 360,000.00 360,000.00
60,000.00 60,000.00
500,000,000.00 10,295,000.00 10,295,000.00
1,615,282.87 1,615,282.87
1,615,282.87 1,615,282.87
8,679,717.13 8,679,717.13
% number of active agent 2,800.00 2,800.00

no of active agents(not cummulative) 2,800.00 2,800.00
cost of terminals - 1st time 140,000,000.00 140,000,000.00
cost of renewing terminals after 2 years - -
BVN Enrolment - 1st time 140,000,000.00 140,000,000.00
cost of renewing bvn terminals after 4 years - -
cost of renewing bvn terminals after 8 years - -
Depreciation Total
100,000.00 140,000,000.00 140,000,000.00
250,000.00 140,000,000.00 140,000,000.00
15,000.00 - 1,500,000.00 1,500,000.00
15,000.00 - 1,500,000.00 1,500,000.00
10,000.00 - 1,000,000.00 1,000,000.00
10,582,400.00 - 88,186.67 88,186.67
-
2,500,000.00 - 2,500,000.00 2,500,000.00
- 5,000,000.00 5,000,000.00
857,916.67 857,916.67
- 200,000.00 200,000.00
- 500,000.00 500,000.00
4,166,666.67 4,166,666.67
-
-
514,750.00 514,750.00
- 297,827,520.00 297,827,520.00
500,000,000.00 - 287,532,520.00 - 287,532,520.00
500,000,000.00
132,000.00 143,000.00 165,000.00 176,000.00 198,000.00 209,000.00

132,000.00 143,000.00 165,000.00 176,000.00 198,000.00 209,000.00
66,000.00 71,500.00 82,500.00 88,000.00 99,000.00 104,500.00
5,760,000.00 6,240,000.00 7,200,000.00 7,680,000.00 8,640,000.00 9,120,000.00
2,880,000.00 3,120,000.00 3,600,000.00 3,840,000.00 4,320,000.00 4,560,000.00
1,440,000.00 1,560,000.00 1,800,000.00 1,920,000.00 2,160,000.00 2,280,000.00
1,440,000.00 1,560,000.00 1,800,000.00 1,920,000.00 2,160,000.00 2,280,000.00
432,000.00 468,000.00 540,000.00 576,000.00 648,000.00 684,000.00
72,000.00 78,000.00 90,000.00 96,000.00 108,000.00 114,000.00
12,354,000.00 13,383,500.00 15,442,500.00 16,472,000.00 18,531,000.00 19,560,500.00
1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87

1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87
10,738,717.13 11,768,217.13 13,827,217.13 14,856,717.13 16,915,717.13 17,945,217.13
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00
- - - - - -
- - - - - -
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00

140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00
1,800,000.00 1,950,000.00 2,250,000.00 2,400,000.00 2,700,000.00 2,850,000.00
1,800,000.00 1,950,000.00 2,250,000.00 2,400,000.00 2,700,000.00 2,850,000.00
1,200,000.00 1,300,000.00 1,500,000.00 1,600,000.00 1,800,000.00 1,900,000.00
88,186.67 88,186.67 88,186.67 88,186.67 88,186.67 88,186.67
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
857,916.67 857,916.67 857,916.67 857,916.67 857,916.67 857,916.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
4,166,666.67 4,166,666.67 4,166,666.67 4,166,666.67 4,166,666.67 4,166,666.67
617,700.00 669,175.00 772,125.00 823,600.00 926,550.00 978,025.00

298,730,470.00 299,181,945.00 300,084,895.00 300,536,370.00 301,439,320.00 301,890,795.00
- 286,376,470.00 - 285,798,445.00 - 284,642,395.00 - 284,064,370.00 - 282,908,320.00 - 282,330,295.00
YEAR TWO (2)
MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTAL YR 1 MONTH 1
- -
220,000.00 220,000.00 242,000.00 275,000.00 2,200,000.00 308,000.00
220,000.00 220,000.00 242,000.00 275,000.00 2,200,000.00 308,000.00
110,000.00 110,000.00 121,000.00 137,500.00 1,100,000.00 154,000.00
9,600,000.00 9,600,000.00 10,560,000.00 12,000,000.00 96,000,000.00 13,440,000.00
4,800,000.00 4,800,000.00 5,280,000.00 6,000,000.00 48,000,000.00 6,720,000.00
2,400,000.00 2,400,000.00 2,640,000.00 3,000,000.00 24,000,000.00 3,360,000.00
2,400,000.00 2,400,000.00 2,640,000.00 3,000,000.00 24,000,000.00 3,360,000.00
720,000.00 720,000.00 792,000.00 900,000.00 7,200,000.00 1,008,000.00
120,000.00 120,000.00 132,000.00 150,000.00 1,200,000.00 168,000.00
20,590,000.00 20,590,000.00 22,649,000.00 25,737,500.00 205,900,000.00 28,826,000.00
1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,283.87

1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,283.87
18,974,717.13 18,974,717.13 21,033,717.13 24,122,217.13 204,284,717.13 27,210,716.13
2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 8,050.00

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 5,250.00
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 262,500,000.00
- - - - - -
- - - - - -
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 262,500,000.00

140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 262,500,000.00
3,000,000.00 3,000,000.00 3,300,000.00 3,750,000.00 30,000,000.00 4,200,000.00
3,000,000.00 3,000,000.00 3,300,000.00 3,750,000.00 30,000,000.00 4,200,000.00
2,000,000.00 2,000,000.00 2,200,000.00 2,500,000.00 20,000,000.00 2,800,000.00
88,186.67 88,186.67 88,186.67 88,186.67 1,058,240.00 88,186.67
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 30,000,000.00 2,500,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 60,000,000.00 5,000,000.00
857,916.67 857,916.67 857,916.67 857,916.67 10,295,000.00 2,144,791.67
200,000.00 200,000.00 200,000.00 200,000.00 2,400,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 6,000,000.00 500,000.00
4,166,666.67 4,166,666.67 4,166,666.67 4,166,666.67 50,000,000.00 -
-
2,314,814.81
1,029,500.00 1,029,500.00 1,132,450.00 1,286,875.00 10,295,000.00 2,144,791.67
302,342,270.00 302,342,270.00 303,245,220.00 304,599,645.00 530,048,240.00 551,092,584.81
- 281,752,270.00 - 281,752,270.00 - 280,596,220.00 - 278,862,145.00 - 324,148,240.00 - 522,266,584.81
500,000,000.00
175,851,760.00
- - - - - -
352,000.00 396,000.00 440,000.00 462,000.00 495,000.00 517,000.00
352,000.00 396,000.00 440,000.00 462,000.00 495,000.00 517,000.00
176,000.00 198,000.00 220,000.00 231,000.00 247,500.00 258,500.00
15,360,000.00 17,280,000.00 19,200,000.00 20,160,000.00 21,600,000.00 22,560,000.00
7,680,000.00 8,640,000.00 9,600,000.00 10,080,000.00 10,800,000.00 11,280,000.00
3,840,000.00 4,320,000.00 4,800,000.00 5,040,000.00 5,400,000.00 5,640,000.00
3,840,000.00 4,320,000.00 4,800,000.00 5,040,000.00 5,400,000.00 5,640,000.00
1,152,000.00 1,296,000.00 1,440,000.00 1,512,000.00 1,620,000.00 1,692,000.00
192,000.00 216,000.00 240,000.00 252,000.00 270,000.00 282,000.00
32,944,000.00 37,062,000.00 41,180,000.00 43,239,000.00 46,327,500.00 48,386,500.00
1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87

1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87
31,328,716.13 35,446,716.13 39,564,716.13 41,623,716.13 44,712,216.13 46,771,216.13
8,050.00 8,050.00 8,050.00 8,050.00 8,050.00 8,050.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
4,800,000.00 5,400,000.00 6,000,000.00 6,300,000.00 6,750,000.00 7,050,000.00
4,800,000.00 5,400,000.00 6,000,000.00 6,300,000.00 6,750,000.00 7,050,000.00
3,200,000.00 3,600,000.00 4,000,000.00 4,200,000.00 4,500,000.00 4,700,000.00
88,186.67 88,186.67 88,186.67 88,186.67 88,186.67 88,186.67
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
- - - - - -
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67
552,692,584.81 554,292,584.81 555,892,584.81 556,692,584.81 557,892,584.81 558,692,584.81
- 519,748,584.81 - 517,230,584.81 - 514,712,584.81 - 513,453,584.81 - 511,565,084.81 - 510,306,084.81
MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 YR 2 TOTAL
- - - - - -
528,000.00 517,000.00 517,000.00 495,000.00 473,000.00 5,500,000.00
528,000.00 517,000.00 517,000.00 495,000.00 473,000.00 5,500,000.00
264,000.00 258,500.00 258,500.00 247,500.00 236,500.00 2,750,000.00
23,040,000.00 22,560,000.00 22,560,000.00 21,600,000.00 20,640,000.00 240,000,000.00
11,520,000.00 11,280,000.00 11,280,000.00 10,800,000.00 10,320,000.00 120,000,000.00
5,760,000.00 5,640,000.00 5,640,000.00 5,400,000.00 5,160,000.00 60,000,000.00
5,760,000.00 5,640,000.00 5,640,000.00 5,400,000.00 5,160,000.00 60,000,000.00
1,728,000.00 1,692,000.00 1,692,000.00 1,620,000.00 1,548,000.00 18,000,000.00
288,000.00 282,000.00 282,000.00 270,000.00 258,000.00 3,000,000.00
49,416,000.00 48,386,500.00 48,386,500.00 46,327,500.00 44,268,500.00 514,750,000.00
1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87

1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87
47,800,716.13 46,771,216.13 46,771,216.13 44,712,216.13 42,653,216.13 513,134,716.13
8,050.00 8,050.00 8,050.00 8,050.00 8,050.00 8,050.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
7,200,000.00 7,050,000.00 7,050,000.00 6,750,000.00 6,450,000.00 75,000,000.00
7,200,000.00 7,050,000.00 7,050,000.00 6,750,000.00 6,450,000.00 75,000,000.00
4,800,000.00 4,700,000.00 4,700,000.00 4,500,000.00 4,300,000.00 50,000,000.00
88,186.67 88,186.67 88,186.67 88,186.67 88,186.67 1,058,240.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 30,000,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 60,000,000.00
2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 25,737,500.00
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 2,400,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 6,000,000.00
- - - - - -
- - - - - -
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 27,777,777.78
2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 2,144,791.67 25,737,500.00
559,092,584.81 558,692,584.81 558,692,584.81 557,892,584.81 557,092,584.81 903,711,017.78
- 509,676,584.81 - 510,306,084.81 - 510,306,084.81 - 511,565,084.81 - 512,824,084.81 - 388,961,017.78
175,851,760.00
- 213,109,257.78
YEAR THREE (3)
- - - - - -
1,095,600.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00
1,095,600.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00
547,800.00 550,440.00 550,440.00 550,440.00 550,440.00 550,440.00
47,808,000.00 48,038,400.00 48,038,400.00 48,038,400.00 48,038,400.00 48,038,400.00
23,904,000.00 24,019,200.00 24,019,200.00 24,019,200.00 24,019,200.00 24,019,200.00
11,952,000.00 12,009,600.00 12,009,600.00 12,009,600.00 12,009,600.00 12,009,600.00
11,952,000.00 12,009,600.00 12,009,600.00 12,009,600.00 12,009,600.00 12,009,600.00
3,585,600.00 3,602,880.00 3,602,880.00 3,602,880.00 3,602,880.00 3,602,880.00
597,600.00 600,480.00 600,480.00 600,480.00 600,480.00 600,480.00
102,538,200.00 103,032,360.00 103,032,360.00 103,032,360.00 103,032,360.00 103,032,360.00
1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87

1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87
100,922,916.13 101,417,076.13 101,417,076.13 101,417,076.13 101,417,076.13 101,417,076.13
13,300.00 13,300.00 13,300.00 13,300.00 13,300.00 13,300.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00
6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00
4,150,000.00 4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00
88,186.67 88,186.67 88,186.67 88,186.67 88,186.67 88,186.67
2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
5,126,910.00 5,151,618.00 5,151,618.00 5,151,618.00 5,151,618.00 5,151,618.00
707,985,744.81 708,090,452.81 708,090,452.81 708,090,452.81 708,090,452.81 708,090,452.81
- 605,447,544.81 - 605,058,092.81 - 605,058,092.81 - 605,058,092.81 - 605,058,092.81 - 605,058,092.81
- - - - - -
1,100,880.00 1,100,880.00 1,095,600.00 1,100,880.00 1,100,880.00 1,100,880.00
1,100,880.00 1,100,880.00 1,095,600.00 1,100,880.00 1,100,880.00 1,100,880.00
550,440.00 550,440.00 547,800.00 550,440.00 550,440.00 550,440.00
48,038,400.00 48,038,400.00 47,808,000.00 48,038,400.00 48,038,400.00 48,038,400.00
24,019,200.00 24,019,200.00 23,904,000.00 24,019,200.00 24,019,200.00 24,019,200.00
12,009,600.00 12,009,600.00 11,952,000.00 12,009,600.00 12,009,600.00 12,009,600.00
12,009,600.00 12,009,600.00 11,952,000.00 12,009,600.00 12,009,600.00 12,009,600.00
3,602,880.00 3,602,880.00 3,585,600.00 3,602,880.00 3,602,880.00 3,602,880.00
600,480.00 600,480.00 597,600.00 600,480.00 600,480.00 600,480.00
103,032,360.00 103,032,360.00 102,538,200.00 103,032,360.00 103,032,360.00 103,032,360.00
1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87

1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87
101,417,076.13 101,417,076.13 100,922,916.13 101,417,076.13 101,417,076.13 101,417,076.13
13,300.00 13,300.00 13,300.00 13,300.00 13,300.00 13,300.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00 402,500,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
6,255,000.00 6,255,000.00 6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00
6,255,000.00 6,255,000.00 6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00
4,170,000.00 4,170,000.00 4,150,000.00 4,170,000.00 4,170,000.00 4,170,000.00
88,186.67 88,186.67 88,186.67 88,186.67 88,186.67 88,186.67
2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00 5,147,500.00
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
5,151,618.00 5,151,618.00 5,126,910.00 5,151,618.00 5,151,618.00 5,151,618.00
708,090,452.81 708,090,452.81 707,985,744.81 708,090,452.81 708,090,452.81 708,090,452.81
- 605,058,092.81 - 605,058,092.81 - 605,447,544.81 - 605,058,092.81 - 605,058,092.81 - 605,058,092.81
YEAR FOUR (4)
- - - - -
13,200,000.00 1,552,100.00 1,559,580.00 1,559,580.00 1,559,580.00
13,200,000.00 1,552,100.00 1,559,580.00 1,559,580.00 1,559,580.00
6,600,000.00 776,050.00 779,790.00 779,790.00 779,790.00
576,000,000.00 67,728,000.00 68,054,400.00 68,054,400.00 68,054,400.00
288,000,000.00 33,864,000.00 34,027,200.00 34,027,200.00 34,027,200.00
144,000,000.00 16,932,000.00 17,013,600.00 17,013,600.00 17,013,600.00
144,000,000.00 16,932,000.00 17,013,600.00 17,013,600.00 17,013,600.00
43,200,000.00 5,079,600.00 5,104,080.00 5,104,080.00 5,104,080.00
7,200,000.00 846,600.00 850,680.00 850,680.00 850,680.00
1,235,400,000.00 145,262,450.00 145,962,510.00 145,962,510.00 145,962,510.00
1,615,283.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,283.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
1,233,784,716.13 143,647,165.13 144,347,225.13 144,347,225.13 144,347,225.13
13,300.00 18,550.00 18,550.00 18,550.00 18,550.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
140,000,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - -
- - - - -
- - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - -
- - - - -
402,500,000.00 525,000,000.00 525,000,000.00 525,000,000.00 525,000,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
75,000,000.00 6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00
75,000,000.00 6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00
50,000,000.00 4,150,000.00 4,170,000.00 4,170,000.00 4,170,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
33,600,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00

60,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
61,770,000.00 7,292,291.67 7,292,291.67 7,292,291.67 7,292,291.67
2,400,000.00 200,000.00 200,000.00 200,000.00 200,000.00
6,000,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - -
62,500,000.00 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
27,777,777.78 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
61,770,000.00 7,263,122.50 7,298,125.50 7,298,125.50 7,298,125.50
1,181,876,017.78 835,736,802.31 835,851,805.31 835,851,805.31 835,851,805.31
53,523,982.22 - 690,474,352.31 - 689,889,295.31 - 689,889,295.31 - 689,889,295.31
- 213,109,257.78 - - - -
- 159,585,275.56 - 690,474,352.31 - 689,889,295.31 - 689,889,295.31 - 689,889,295.31
- - - - - -
1,559,580.00 1,559,580.00 1,559,580.00 1,559,580.00 1,552,100.00 1,559,580.00
1,559,580.00 1,559,580.00 1,559,580.00 1,559,580.00 1,552,100.00 1,559,580.00
779,790.00 779,790.00 779,790.00 779,790.00 776,050.00 779,790.00
68,054,400.00 68,054,400.00 68,054,400.00 68,054,400.00 67,728,000.00 68,054,400.00
34,027,200.00 34,027,200.00 34,027,200.00 34,027,200.00 33,864,000.00 34,027,200.00
17,013,600.00 17,013,600.00 17,013,600.00 17,013,600.00 16,932,000.00 17,013,600.00
17,013,600.00 17,013,600.00 17,013,600.00 17,013,600.00 16,932,000.00 17,013,600.00
5,104,080.00 5,104,080.00 5,104,080.00 5,104,080.00 5,079,600.00 5,104,080.00
850,680.00 850,680.00 850,680.00 850,680.00 846,600.00 850,680.00
145,962,510.00 145,962,510.00 145,962,510.00 145,962,510.00 145,262,450.00 145,962,510.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
144,347,225.13 144,347,225.13 144,347,225.13 144,347,225.13 143,647,165.13 144,347,225.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
525,000,000.00 525,000,000.00 525,000,000.00 525,000,000.00 525,000,000.00 525,000,000.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,225,000.00 6,255,000.00
6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,225,000.00 6,255,000.00
4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00 4,150,000.00 4,170,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00 2,800,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
7,292,291.67 7,292,291.67 7,292,291.67 7,292,291.67 7,292,291.67 7,292,291.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
7,298,125.50 7,298,125.50 7,298,125.50 7,298,125.50 7,263,122.50 7,298,125.50
835,851,805.31 835,851,805.31 835,851,805.31 835,851,805.31 835,736,802.31 835,851,805.31
- 689,889,295.31 - 689,889,295.31 - 689,889,295.31 - 689,889,295.31 - 690,474,352.31 - 689,889,295.31
- - - - - -
- 689,889,295.31 - 689,889,295.31 - 689,889,295.31 - 689,889,295.31 - 690,474,352.31 - 689,889,295.31
YEAR FIVE (5)
- - - - -
1,559,580.00 1,559,580.00 18,700,000.00 730,400.00 733,920.00
1,559,580.00 1,559,580.00 18,700,000.00 730,400.00 733,920.00
779,790.00 779,790.00 9,350,000.00 365,200.00 366,960.00
68,054,400.00 68,054,400.00 816,000,000.00 87,648,000.00 88,070,400.00
34,027,200.00 34,027,200.00 408,000,000.00 43,824,000.00 44,035,200.00
17,013,600.00 17,013,600.00 204,000,000.00 21,912,000.00 22,017,600.00
17,013,600.00 17,013,600.00 204,000,000.00 21,912,000.00 22,017,600.00
5,104,080.00 5,104,080.00 61,200,000.00 6,573,600.00 6,605,280.00
850,680.00 850,680.00 10,200,000.00 1,095,600.00 1,100,880.00
145,962,510.00 145,962,510.00 1,750,150,000.00 184,791,200.00 185,681,760.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
144,347,225.13 144,347,225.13 1,748,534,715.13 183,175,915.13 184,066,475.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

5,250.00 5,250.00 5,250.00 - -
262,500,000.00 262,500,000.00 262,500,000.00 - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - -
- - - - -
- - - - -
262,500,000.00 262,500,000.00 262,500,000.00 - -
- - - - -
- - - - -
525,000,000.00 525,000,000.00 525,000,000.00 262,500,000.00 262,500,000.00

262,500,000.00 262,500,000.00 262,500,000.00 - -
6,255,000.00 6,255,000.00 75,000,000.00 6,225,000.00 6,255,000.00
6,255,000.00 6,255,000.00 75,000,000.00 6,225,000.00 6,255,000.00
4,170,000.00 4,170,000.00 50,000,000.00 4,150,000.00 4,170,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
2,800,000.00 2,800,000.00 33,600,000.00 3,136,000.00 3,136,000.00

5,000,000.00 5,000,000.00 60,000,000.00 5,000,000.00 5,000,000.00
7,292,291.67 7,292,291.67 87,507,500.00 9,276,666.67 9,276,666.67
200,000.00 200,000.00 2,400,000.00 200,000.00 200,000.00
500,000.00 500,000.00 6,000,000.00 500,000.00 500,000.00
- - - - -
5,208,333.33 5,208,333.33 62,500,000.00 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 27,777,777.78 2,314,814.81 2,314,814.81
7,298,125.50 7,298,125.50 87,507,500.00 9,239,560.00 9,284,088.00
835,851,805.31 835,851,805.31 1,355,851,017.78 315,033,614.81 315,158,142.81
- 689,889,295.31 - 689,889,295.31 394,298,982.22 - 130,242,414.81 - 129,476,382.81
- - - 159,585,275.56
- 689,889,295.31 - 689,889,295.31 234,713,706.67
- - - - - -
733,920.00 733,920.00 733,920.00 733,920.00 733,920.00 733,920.00
733,920.00 733,920.00 733,920.00 733,920.00 733,920.00 733,920.00
366,960.00 366,960.00 366,960.00 366,960.00 366,960.00 366,960.00
88,070,400.00 88,070,400.00 88,070,400.00 88,070,400.00 88,070,400.00 88,070,400.00
44,035,200.00 44,035,200.00 44,035,200.00 44,035,200.00 44,035,200.00 44,035,200.00
22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00
22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00 22,017,600.00
6,605,280.00 6,605,280.00 6,605,280.00 6,605,280.00 6,605,280.00 6,605,280.00
1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00 1,100,880.00
185,681,760.00 185,681,760.00 185,681,760.00 185,681,760.00 185,681,760.00 185,681,760.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
184,066,475.13 184,066,475.13 184,066,475.13 184,066,475.13 184,066,475.13 184,066,475.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00

- - - - - -
6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00
6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00 6,255,000.00
4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00 4,170,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
9,276,666.67 9,276,666.67 9,276,666.67 9,276,666.67 9,276,666.67 9,276,666.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
9,284,088.00 9,284,088.00 9,284,088.00 9,284,088.00 9,284,088.00 9,284,088.00
315,158,142.81 315,158,142.81 315,158,142.81 315,158,142.81 315,158,142.81 315,158,142.81
- 129,476,382.81 - 129,476,382.81 - 129,476,382.81 - 129,476,382.81 - 129,476,382.81 - 129,476,382.81
- - - - -
730,400.00 733,920.00 733,920.00 733,920.00 8,800,000.00
730,400.00 733,920.00 733,920.00 733,920.00 8,800,000.00
365,200.00 366,960.00 366,960.00 366,960.00 4,400,000.00
87,648,000.00 88,070,400.00 88,070,400.00 88,070,400.00 1,056,000,000.00
43,824,000.00 44,035,200.00 44,035,200.00 44,035,200.00 528,000,000.00
21,912,000.00 22,017,600.00 22,017,600.00 22,017,600.00 264,000,000.00
21,912,000.00 22,017,600.00 22,017,600.00 22,017,600.00 264,000,000.00
6,573,600.00 6,605,280.00 6,605,280.00 6,605,280.00 79,200,000.00
1,095,600.00 1,100,880.00 1,100,880.00 1,100,880.00 13,200,000.00
184,791,200.00 185,681,760.00 185,681,760.00 185,681,760.00 2,226,400,000.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,285.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,285.87
183,175,915.13 184,066,475.13 184,066,475.13 184,066,475.13 2,224,784,714.13
18,550.00 18,550.00 18,550.00 18,550.00 22,050.00

- - - - 3,500.00
- - - - 175,000,000.00
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - 140,000,000.00
- - - - -
- - - - -
- - - - 175,000,000.00
- - - - 140,000,000.00
- - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 577,500,000.00

- - - - 315,000,000.00
6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00 75,000,000.00
6,225,000.00 6,255,000.00 6,255,000.00 6,255,000.00 75,000,000.00
4,150,000.00 4,170,000.00 4,170,000.00 4,170,000.00 50,000,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 37,632,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 60,000,000.00
9,276,666.67 9,276,666.67 9,276,666.67 9,276,666.67 111,320,000.00
200,000.00 200,000.00 200,000.00 200,000.00 2,400,000.00
500,000.00 500,000.00 500,000.00 500,000.00 6,000,000.00
- - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 62,500,000.00
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 27,777,777.78
9,239,560.00 9,284,088.00 9,284,088.00 9,284,088.00 111,320,000.00
315,033,614.81 315,158,142.81 315,158,142.81 315,158,142.81 1,512,508,017.78
- 130,242,414.81 - 129,476,382.81 - 129,476,382.81 - 129,476,382.81 713,891,982.22
234,713,706.67
948,605,688.89
YEAR SIX (6)
- - - - - -
833,333.33 833,333.33 833,333.33 833,333.33 833,333.33 833,333.33
833,333.33 833,333.33 833,333.33 833,333.33 833,333.33 833,333.33
416,666.67 416,666.67 416,666.67 416,666.67 416,666.67 416,666.67
100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00
50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00
210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00

- - - - - -
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67
311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48
- 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15
- - - - - -
833,333.33 833,333.33 833,333.33 833,333.33 833,333.33 833,333.33
833,333.33 833,333.33 833,333.33 833,333.33 833,333.33 833,333.33
416,666.67 416,666.67 416,666.67 416,666.67 416,666.67 416,666.67
100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00
50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00
210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33 210,833,333.33
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46 209,218,048.46
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00

- - - - - -
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00 3,136,000.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67 10,541,666.67
311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48 311,000,721.48
- 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15 - 100,167,388.15
YEAR SEVEN (7)
- - - - -
10,000,000.00 933,333.33 933,333.33 933,333.33 933,333.33
10,000,000.00 933,333.33 933,333.33 933,333.33 933,333.33
5,000,000.00 466,666.67 466,666.67 466,666.67 466,666.67
1,200,000,000.00 112,000,000.00 112,000,000.00 112,000,000.00 112,000,000.00
600,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00
300,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00
300,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00
90,000,000.00 8,400,000.00 8,400,000.00 8,400,000.00 8,400,000.00
15,000,000.00 1,400,000.00 1,400,000.00 1,400,000.00 1,400,000.00
2,530,000,000.00 236,133,333.33 236,133,333.33 236,133,333.33 236,133,333.33
1,615,286.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,286.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
2,528,384,713.13 234,518,048.46 234,518,048.46 234,518,048.46 234,518,048.46
24,150.00 18,550.00 18,550.00 18,550.00 18,550.00

2,100.00 - - - -
105,000,000.00 - - - -
262,500,000.00 - - - -
262,500,000.00 - - - -
- - - - -
- - - - -
105,000,000.00 - - - -
262,500,000.00 - - - -
- - - - -
630,000,000.00 - - - -
367,500,000.00 - - - -
45,000,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
45,000,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
30,000,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
37,632,000.00 3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00

60,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
126,500,000.00 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67
2,400,000.00 200,000.00 200,000.00 200,000.00 200,000.00
6,000,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - -
62,500,000.00 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
27,777,777.78 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
126,500,000.00 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67
1,567,868,017.78 51,407,041.48 51,407,041.48 51,407,041.48 51,407,041.48
962,131,982.22 184,726,291.85 184,726,291.85 184,726,291.85 184,726,291.85
948,605,688.89
1,910,737,671.11
- - - - - -
933,333.33 933,333.33 933,333.33 933,333.33 933,333.33 933,333.33
933,333.33 933,333.33 933,333.33 933,333.33 933,333.33 933,333.33
466,666.67 466,666.67 466,666.67 466,666.67 466,666.67 466,666.67
112,000,000.00 112,000,000.00 112,000,000.00 112,000,000.00 112,000,000.00 112,000,000.00
56,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00 56,000,000.00
28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00
28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00 28,000,000.00
8,400,000.00 8,400,000.00 8,400,000.00 8,400,000.00 8,400,000.00 8,400,000.00
1,400,000.00 1,400,000.00 1,400,000.00 1,400,000.00 1,400,000.00 1,400,000.00
236,133,333.33 236,133,333.33 236,133,333.33 236,133,333.33 236,133,333.33 236,133,333.33
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
234,518,048.46 234,518,048.46 234,518,048.46 234,518,048.46 234,518,048.46 234,518,048.46
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67 11,806,666.67
51,407,041.48 51,407,041.48 51,407,041.48 51,407,041.48 51,407,041.48 51,407,041.48
184,726,291.85 184,726,291.85 184,726,291.85 184,726,291.85 184,726,291.85 184,726,291.85
YEAR EIGHT (8)
- - - - -
933,333.33 933,333.33 11,200,000.00 516,666.67 516,666.67
933,333.33 933,333.33 11,200,000.00 516,666.67 516,666.67
466,666.67 466,666.67 5,600,000.00 258,333.33 258,333.33
112,000,000.00 112,000,000.00 1,344,000,000.00 124,000,000.00 124,000,000.00
56,000,000.00 56,000,000.00 672,000,000.00 62,000,000.00 62,000,000.00
28,000,000.00 28,000,000.00 336,000,000.00 31,000,000.00 31,000,000.00
28,000,000.00 28,000,000.00 336,000,000.00 31,000,000.00 31,000,000.00
8,400,000.00 8,400,000.00 100,800,000.00 9,300,000.00 9,300,000.00
1,400,000.00 1,400,000.00 16,800,000.00 1,550,000.00 1,550,000.00
236,133,333.33 236,133,333.33 2,833,600,000.00 260,141,666.67 260,141,666.67
1,615,284.87 1,615,284.87 1,615,287.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,287.87 1,615,284.87 1,615,284.87
234,518,048.46 234,518,048.46 2,831,984,712.13 258,526,381.80 258,526,381.80
18,550.00 18,550.00 26,250.00 18,550.00 18,550.00

- - 2,100.00 - -
- - 105,000,000.00 - -
- - 175,000,000.00 - -
- - 262,500,000.00 - -
- - 140,000,000.00 - -
- - - - -
- - 105,000,000.00 - -
- - 262,500,000.00 - -
- - - - -
- - 682,500,000.00 - -
- - 367,500,000.00 - -
3,750,000.00 3,750,000.00 45,000,000.00 3,750,000.00 3,750,000.00
3,750,000.00 3,750,000.00 45,000,000.00 3,750,000.00 3,750,000.00
2,500,000.00 2,500,000.00 30,000,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,512,320.00 3,512,320.00 42,147,840.00 3,512,320.00 3,512,320.00

5,000,000.00 5,000,000.00 60,000,000.00 5,000,000.00 5,000,000.00
11,806,666.67 11,806,666.67 141,680,000.00 13,007,083.33 13,007,083.33
200,000.00 200,000.00 2,400,000.00 200,000.00 200,000.00
500,000.00 500,000.00 6,000,000.00 500,000.00 500,000.00
- - - - -
5,208,333.33 5,208,333.33 62,500,000.00 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 27,777,777.78 2,314,814.81 2,314,814.81
11,806,666.67 11,806,666.67 141,680,000.00 13,007,083.33 13,007,083.33
51,407,041.48 51,407,041.48 1,655,243,857.78 53,807,874.81 53,807,874.81
184,726,291.85 184,726,291.85 1,178,356,142.22 206,333,791.85 206,333,791.85
1,910,737,671.11
3,089,093,813.33
- - - - - -
516,666.67 516,666.67 516,666.67 516,666.67 516,666.67 516,666.67
516,666.67 516,666.67 516,666.67 516,666.67 516,666.67 516,666.67
258,333.33 258,333.33 258,333.33 258,333.33 258,333.33 258,333.33
124,000,000.00 124,000,000.00 124,000,000.00 124,000,000.00 124,000,000.00 124,000,000.00
62,000,000.00 62,000,000.00 62,000,000.00 62,000,000.00 62,000,000.00 62,000,000.00
31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00
31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00
9,300,000.00 9,300,000.00 9,300,000.00 9,300,000.00 9,300,000.00 9,300,000.00
1,550,000.00 1,550,000.00 1,550,000.00 1,550,000.00 1,550,000.00 1,550,000.00
260,141,666.67 260,141,666.67 260,141,666.67 260,141,666.67 260,141,666.67 260,141,666.67
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
258,526,381.80 258,526,381.80 258,526,381.80 258,526,381.80 258,526,381.80 258,526,381.80
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33
53,807,874.81 53,807,874.81 53,807,874.81 53,807,874.81 53,807,874.81 53,807,874.81
206,333,791.85 206,333,791.85 206,333,791.85 206,333,791.85 206,333,791.85 206,333,791.85
- - - - -
516,666.67 516,666.67 516,666.67 516,666.67 6,200,000.00
516,666.67 516,666.67 516,666.67 516,666.67 6,200,000.00
258,333.33 258,333.33 258,333.33 258,333.33 3,100,000.00
124,000,000.00 124,000,000.00 124,000,000.00 124,000,000.00 1,488,000,000.00
62,000,000.00 62,000,000.00 62,000,000.00 62,000,000.00 744,000,000.00
31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 372,000,000.00
31,000,000.00 31,000,000.00 31,000,000.00 31,000,000.00 372,000,000.00
9,300,000.00 9,300,000.00 9,300,000.00 9,300,000.00 111,600,000.00
1,550,000.00 1,550,000.00 1,550,000.00 1,550,000.00 18,600,000.00
260,141,666.67 260,141,666.67 260,141,666.67 260,141,666.67 3,121,700,000.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,288.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,288.87
258,526,381.80 258,526,381.80 258,526,381.80 258,526,381.80 3,120,084,711.13
18,550.00 18,550.00 18,550.00 18,550.00 28,350.00

- - - - 2,100.00
- - - - 105,000,000.00
- - - - 105,000,000.00
- - - - 262,500,000.00
- - - - 262,500,000.00
- - - - -
- - - - 105,000,000.00
- - - - 262,500,000.00
- - - - -
- - - - 735,000,000.00
- - - - 367,500,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 45,000,000.00
3,750,000.00 3,750,000.00 3,750,000.00 3,750,000.00 45,000,000.00
2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 30,000,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,512,320.00 3,512,320.00 3,512,320.00 3,512,320.00 42,147,840.00

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 60,000,000.00
13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 156,085,000.00
200,000.00 200,000.00 200,000.00 200,000.00 2,400,000.00
500,000.00 500,000.00 500,000.00 500,000.00 6,000,000.00
- - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 62,500,000.00
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 27,777,777.78
13,007,083.33 13,007,083.33 13,007,083.33 13,007,083.33 156,085,000.00
53,807,874.81 53,807,874.81 53,807,874.81 53,807,874.81 1,736,553,857.78
206,333,791.85 206,333,791.85 206,333,791.85 206,333,791.85 1,385,146,142.22
3,089,093,813.33
4,474,239,955.56
YEAR NINE (9)
- - - - - -
660,000.00 594,000.00 594,000.00 528,000.00 528,000.00 528,000.00
660,000.00 594,000.00 594,000.00 528,000.00 528,000.00 528,000.00
330,000.00 297,000.00 297,000.00 264,000.00 264,000.00 264,000.00
158,400,000.00 142,560,000.00 142,560,000.00 126,720,000.00 126,720,000.00 126,720,000.00
79,200,000.00 71,280,000.00 71,280,000.00 63,360,000.00 63,360,000.00 63,360,000.00
39,600,000.00 35,640,000.00 35,640,000.00 31,680,000.00 31,680,000.00 31,680,000.00
39,600,000.00 35,640,000.00 35,640,000.00 31,680,000.00 31,680,000.00 31,680,000.00
11,880,000.00 10,692,000.00 10,692,000.00 9,504,000.00 9,504,000.00 9,504,000.00
1,980,000.00 1,782,000.00 1,782,000.00 1,584,000.00 1,584,000.00 1,584,000.00
332,310,000.00 299,079,000.00 299,079,000.00 265,848,000.00 265,848,000.00 265,848,000.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
330,694,715.13 297,463,715.13 297,463,715.13 264,232,715.13 264,232,715.13 264,232,715.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
3,000,000.00 2,700,000.00 2,700,000.00 2,400,000.00 2,400,000.00 2,400,000.00
3,000,000.00 2,700,000.00 2,700,000.00 2,400,000.00 2,400,000.00 2,400,000.00
2,000,000.00 1,800,000.00 1,800,000.00 1,600,000.00 1,600,000.00 1,600,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
16,615,500.00 14,953,950.00 14,953,950.00 13,292,400.00 13,292,400.00 13,292,400.00
56,676,936.55 54,215,386.55 54,215,386.55 51,753,836.55 51,753,836.55 51,753,836.55
275,633,063.45 244,863,613.45 244,863,613.45 214,094,163.45 214,094,163.45 214,094,163.45
- - - - - -
528,000.00 528,000.00 528,000.00 528,000.00 528,000.00 528,000.00
528,000.00 528,000.00 528,000.00 528,000.00 528,000.00 528,000.00
264,000.00 264,000.00 264,000.00 264,000.00 264,000.00 264,000.00
126,720,000.00 126,720,000.00 126,720,000.00 126,720,000.00 126,720,000.00 126,720,000.00
63,360,000.00 63,360,000.00 63,360,000.00 63,360,000.00 63,360,000.00 63,360,000.00
31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00
31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00 31,680,000.00
9,504,000.00 9,504,000.00 9,504,000.00 9,504,000.00 9,504,000.00 9,504,000.00
1,584,000.00 1,584,000.00 1,584,000.00 1,584,000.00 1,584,000.00 1,584,000.00
265,848,000.00 265,848,000.00 265,848,000.00 265,848,000.00 265,848,000.00 265,848,000.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
264,232,715.13 264,232,715.13 264,232,715.13 264,232,715.13 264,232,715.13 264,232,715.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00
2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00
1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00 13,846,250.00
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
13,292,400.00 13,292,400.00 13,292,400.00 13,292,400.00 13,292,400.00 13,292,400.00
51,753,836.55 51,753,836.55 51,753,836.55 51,753,836.55 51,753,836.55 51,753,836.55
214,094,163.45 214,094,163.45 214,094,163.45 214,094,163.45 214,094,163.45 214,094,163.45
- - - - -
6,600,000.00 816,000.00 680,000.00 544,000.00 544,000.00
6,600,000.00 816,000.00 680,000.00 544,000.00 544,000.00
3,300,000.00 408,000.00 340,000.00 272,000.00 272,000.00
1,584,000,000.00 195,840,000.00 163,200,000.00 130,560,000.00 130,560,000.00
792,000,000.00 97,920,000.00 81,600,000.00 65,280,000.00 65,280,000.00
396,000,000.00 48,960,000.00 40,800,000.00 32,640,000.00 32,640,000.00
396,000,000.00 48,960,000.00 40,800,000.00 32,640,000.00 32,640,000.00
118,800,000.00 14,688,000.00 12,240,000.00 9,792,000.00 9,792,000.00
19,800,000.00 2,448,000.00 2,040,000.00 1,632,000.00 1,632,000.00
3,323,100,000.00 410,856,000.00 342,380,000.00 273,904,000.00 273,904,000.00
1,615,289.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,289.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
3,321,484,710.13 409,240,715.13 340,764,715.13 272,288,715.13 272,288,715.13
29,750.00 18,550.00 18,550.00 18,550.00 18,550.00

1,400.00 - - - -
70,000,000.00 - - - -
105,000,000.00 - - - -
175,000,000.00 - - - -
262,500,000.00 - - - -
140,000,000.00 - - - -
70,000,000.00 - - - -
175,000,000.00 - - - -
140,000,000.00 - - - -
752,500,000.00 - - - -
385,000,000.00 - - - -
30,000,000.00 1,800,000.00 1,500,000.00 1,200,000.00 1,200,000.00
30,000,000.00 1,800,000.00 1,500,000.00 1,200,000.00 1,200,000.00
20,000,000.00 1,200,000.00 1,000,000.00 800,000.00 800,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
47,205,580.80 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40

60,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
166,155,000.00 14,265,833.33 14,265,833.33 14,265,833.33 14,265,833.33
2,400,000.00 200,000.00 200,000.00 200,000.00 200,000.00
6,000,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - -
62,500,000.00 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
27,777,777.78 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
166,155,000.00 20,542,800.00 17,119,000.00 13,695,200.00 13,695,200.00
1,756,751,598.58 57,823,819.88 53,600,019.88 49,376,219.88 49,376,219.88
1,566,348,401.42 353,032,180.12 288,779,980.12 224,527,780.12 224,527,780.12
4,474,239,955.56
6,040,588,356.98
- - - - - -
544,000.00 544,000.00 544,000.00 544,000.00 544,000.00 544,000.00
544,000.00 544,000.00 544,000.00 544,000.00 544,000.00 544,000.00
272,000.00 272,000.00 272,000.00 272,000.00 272,000.00 272,000.00
130,560,000.00 130,560,000.00 130,560,000.00 130,560,000.00 130,560,000.00 130,560,000.00
65,280,000.00 65,280,000.00 65,280,000.00 65,280,000.00 65,280,000.00 65,280,000.00
32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00
32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00 32,640,000.00
9,792,000.00 9,792,000.00 9,792,000.00 9,792,000.00 9,792,000.00 9,792,000.00
1,632,000.00 1,632,000.00 1,632,000.00 1,632,000.00 1,632,000.00 1,632,000.00
273,904,000.00 273,904,000.00 273,904,000.00 273,904,000.00 273,904,000.00 273,904,000.00
1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87

1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87 1,615,284.87
272,288,715.13 272,288,715.13 272,288,715.13 272,288,715.13 272,288,715.13 272,288,715.13
18,550.00 18,550.00 18,550.00 18,550.00 18,550.00 18,550.00

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
800,000.00 800,000.00 800,000.00 800,000.00 800,000.00 800,000.00
1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00 1,058,240.00
3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40 3,933,798.40

5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
14,265,833.33 14,265,833.33 14,265,833.33 14,265,833.33 14,265,833.33 14,265,833.33
200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00
- - - - - -
5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33 5,208,333.33
2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81 2,314,814.81
13,695,200.00 13,695,200.00 13,695,200.00 13,695,200.00 13,695,200.00 13,695,200.00
49,376,219.88 49,376,219.88 49,376,219.88 49,376,219.88 49,376,219.88 49,376,219.88
224,527,780.12 224,527,780.12 224,527,780.12 224,527,780.12 224,527,780.12 224,527,780.12
MONTH 11 MONTH 12 YR 10 TOTAL
TOTAL
- - - -
544,000.00 408,000.00 6,800,000.00 89,200,000.00
544,000.00 408,000.00 6,800,000.00 89,200,000.00
272,000.00 204,000.00 3,400,000.00 44,600,000.00
130,560,000.00 97,920,000.00 1,632,000,000.00 10,032,000,000.00
65,280,000.00 48,960,000.00 816,000,000.00 5,016,000,000.00
32,640,000.00 24,480,000.00 408,000,000.00 2,508,000,000.00
32,640,000.00 24,480,000.00 408,000,000.00 2,508,000,000.00
9,792,000.00 7,344,000.00 122,400,000.00 752,400,000.00
1,632,000.00 1,224,000.00 20,400,000.00 125,400,000.00
273,904,000.00 205,428,000.00 3,423,800,000.00 21,164,800,000.00
1,615,284.87 1,615,284.87 1,615,290.87 43,612,663.49

1,615,284.87 1,615,284.87 1,615,290.87 43,612,663.49
272,288,715.13 203,812,715.13 3,422,184,709.13 3,662,587,336.51
18,550.00 18,550.00 30,450.00

- - 700.00
- - 35,000,000.00
- - 105,000,000.00 1,417,500,000.00
- - 105,000,000.00 1,207,500,000.00
- - 262,500,000.00 927,500,000.00
- - 262,500,000.00 402,500,000.00
- - 35,000,000.00
- - 105,000,000.00 1,207,500,000.00
- - 262,500,000.00 402,500,000.00
5,565,000,000.00
- - 770,000,000.00 5,477,500,000.00
- - 402,500,000.00 3,132,500,000.00
1,200,000.00 900,000.00 15,000,000.00 510,000,000.00
1,200,000.00 900,000.00 15,000,000.00 510,000,000.00
800,000.00 600,000.00 10,000,000.00 340,000,000.00
1,058,240.00 1,058,240.00 1,058,240.00 10,582,400.00
-
3,933,798.40 3,933,798.40 47,205,580.80 381,170,841.60
5,000,000.00 5,000,000.00 60,000,000.00 600,000,000.00
14,265,833.33 14,265,833.33 171,190,000.00 1,058,240,000.00
200,000.00 200,000.00 2,400,000.00 24,000,000.00
500,000.00 500,000.00 6,000,000.00 60,000,000.00
- - - 50,000,000.00
5,208,333.33 5,208,333.33 62,500,000.00 500,000,000.00
2,314,814.81 2,314,814.81 27,777,777.78 250,000,000.00
13,695,200.00 10,271,400.00 171,190,000.00 1,058,240,000.00
49,376,219.88 45,152,419.88 1,761,821,598.58 13,962,233,241.60
224,527,780.12 160,275,580.12 1,661,978,401.42 7,202,566,758.40
6,040,588,356.98 7,702,566,758.40
7,702,566,758.40 7,702,566,758.40
Super Agent Network
Statement of Cash Flows
10 year period
Cash Flows from Operating Activities NGN

Net Income 21,164,800,000.00
Add Expenses Not Requiring Cash:
Depreciation - 5,565,000,000.00
Wages Payable - 1,401,170,841.60
Subtract Decrease in Accounts Payable - 2,727,062,400.00
Subtract Increase in Inventory - 8,610,000,000.00
Others - 424,000,000.00
Net Cash from Operating Activities 2,437,566,758.40
Cash Flows from Investing Activities

Net Cash Used for Investing Activities -
Cash Flows from Financing Activities

Loan Processing charge - 50,000,000.00
Loan Repayment - 500,000,000.00
Interest on Loan - 250,000,000.00
Net Cash from Financing Activities - 800,000,000.00
NET INCREASE/(DECREASE) IN CASH 1,637,566,758.40

CASH, BEGINNING OF YEAR 500,000,000.00
CASH, END OF YEAR 10 2,137,566,758.40
1 Oxymon Solution Limited Consultancy Fee
(Lead Consulting for the entire process)
Initial 100 agents for CBN inspection (statutory)
Number of initial take off Agents
Cost per agent (N)
Cost of onboarding initial agents - month 1 (immediately after we submit documents to CBN for Licensing)
System set-up for full operation

Monthly Consultancy fee
Number of months to be paid for
Free one month follow up with staff/handover
Total Lead consultancy Fee
Staff Recruitment/Training
Business Development Mangaer
2 Marketing Staffs
Head of Operation
2 Customer Service/Engagement
Finance Head
Tech Team Head
2 Tech support officers
Front Desk Officer
2 Security officers
Training
Total Recruitment and Taining Cost
Full system set-up consultancy
2 Super Agent License Consultancy
3 Agent Banking Technonlogy
4 Super Agent Lisence Capital
5 Operational Cost
100 Android POS Terminals
Instant Settlement for agents operation
Office Accomodation
6 Miscellaneous
TOTAL SET UP COST

100 N N
15,000.00
(immediately after we submit documents to CBN for Licensing) 1,500,000.00
Full operation set-up Consultancy (7months) 7,200,000.00

1,200,000.00
6
1
From January 2020 - July 2020 +
(August - month 1 of post Lisencing
operation and handling over)
N1.2million monthly for 6 months + 1 month free
8,700,000.00
13 difference cadres of staffs 1,800,000.00
550,000.00
2,350,000.00
11,050,000.00
Super Agent License Application/documentation 8,000,000.00

and Presentation with CBN (excluding personnel
presentation cost at Abuja)
Agency Banking Sotfware Platform 8,000,000.00
Super Agent License Capital (Refunded back from CBN

plus interest) 50,000,000.00
Licensing application Fee (Non-Refundable) 100,000.00
20,000,000.00
To be provided by the Acquiring Bank
To be deposited with the Acquiring Bank 20,000,000.00
Stand alone apartment (5 bedroom building max) 0
To take care of any exigencies therein 2,850,000.00
TOTAL SET UP COST 100,000,000.00

COMMENT
Payable to the Lead Consultant (Oxymon Solution Limited)
Payable to the Lisencing Consutant
Payable to the IT Consutant
Payable to the Central Bank of Nigeria (CBN)

Payable to the Central Bank of Nigeria (CBN)
To be deposited with the Acquiring Bank after CBN's AIP

To be taken care of by the Acquiring Bsnk
To be taken care of by the company

Proposed Oxymon Solution Limited Financial Projections

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PROPOSED: Oxymon Solution Limited

200,000 400,000 480,000 520,000 600,000 640,000

110,000 110,000 132,000 143,000 165,000 176,000

720,000 760,000 800,000 800,000 880,000 1,000,000

198,000 209,000 220,000 220,000 242,000 275,000

4,000,000 1,120,000 1,280,000 1,440,000 1,600,000 1,680,000

2,200,000 308,000 352,000 396,000 440,000 462,000

1,800,000 1,880,000 1,920,000 1,880,000 1,880,000 1,800,000

495,000 517,000 528,000 517,000 517,000 495,000

1,720,000 20,000,000 1,660,000 1,668,000 1,668,000 1,668,000

473,000 5,500,000 1,095,600 1,100,880 1,100,880 1,100,880

1,668,000 1,668,000 1,668,000 1,668,000 1,660,000 1,668,000

1,100,880 1,100,880 1,100,880 1,100,880 1,095,600 1,100,880

1,668,000 1,668,000 20,000,000 1,660,000 1,668,000 1,668,000

1,100,880 1,100,880 13,200,000 1,552,100 1,559,580 1,559,580

1,668,000 1,668,000 1,668,000 1,668,000 1,668,000 1,660,000

1,559,580 1,559,580 1,559,580 1,559,580 1,559,580 1,552,100

1,668,000 1,668,000 1,668,000 20,000,000 1,660,000 1,668,000

1,559,580 1,559,580 1,559,580 18,700,000 730,400 733,920

1,668,000 1,668,000 1,668,000 1,668,000 1,668,000 1,668,000

733,920 733,920 733,920 733,920 733,920 733,920

1,660,000 1,668,000 1,668,000 1,668,000 20,000,000 1,000,000

730,400 733,920 733,920 733,920 8,800,000 833,333

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

833,333 833,333 833,333 833,333 833,333 833,333

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

833,333 833,333 833,333 833,333 833,333

12,000,000 1,000,000 1,000,000 1,000,000 1,000,000

10,000,000 933,333 933,333 933,333 933,333

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

933,333 933,333 933,333 933,333 933,333 933,333

1,000,000 1,000,000 12,000,000 1,000,000 1,000,000

933,333 933,333 11,200,000 516,667 516,667

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

516,667 516,667 516,667 516,667 516,667 516,667

1,000,000 1,000,000 1,000,000 1,000,000 12,000,000

516,667 516,667 516,667 516,667 6,200,000

800,000 720,000 720,000 640,000 640,000 640,000

660,000 594,000 594,000 528,000 528,000 528,000

640,000 640,000 640,000 640,000 640,000 640,000

528,000 528,000 528,000 528,000 528,000 528,000

8,000,000 480,000 400,000 320,000 320,000

6,600,000 816,000 680,000 544,000 544,000

320,000 320,000 320,000 320,000 320,000 320,000

544,000 544,000 544,000 544,000 544,000 544,000

320,000 240,000 4,000,000

544,000 408,000 6,800,000

Balance brought forward

% number of active agent 2,800.00 2,800.00

132,000.00 143,000.00 165,000.00 176,000.00 198,000.00 209,000.00

1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00

140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00

2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00

617,700.00 669,175.00 772,125.00 823,600.00 926,550.00 978,025.00

1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,282.87 1,615,283.87

2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 8,050.00

140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 140,000,000.00 262,500,000.00

2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 30,000,000.00 2,500,000.00

1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87 1,615,283.87

8,050.00 8,050.00 8,050.00 8,050.00 8,050.00 8,050.00

262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00 262,500,000.00