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<br />EXHIBrT C <br /> <br />Repayment Schedule <br /> <br />Bauer Lakes Water Company <br /> <br />Principal <br />Interest <br />Term <br /> <br />$100.000.00 <br />5.00\ <br />20 Years <br /> <br />Payment <br /> <br />$8.020.04 <br /> <br />=================~~================================================= <br /> <br />Period <br /> <br />Principal <br /> <br />Payment <br /> <br />Interest <br /> <br />Principal <br />Repayment <br /> <br />==================~========================================~======== <br /> <br />1 $100.000.00 $8.020.04 $4.993.80 $3.026.24 <br />2 96.973.76 8.020.04 4.642.66 3.177.37 <br />3 93.796.39 8.020.04 4.684.00 3.336.04 <br />4 90.460.36 8.020.04 4.517.41 3.502.63 <br />5 66.957.73 6.020.04 4.342.49 3.677.55 <br />6 83.280.18 8.020.04 4.156.85 3.861.20 <br />7 79.418.96 6.020.04 3.966.03 4.054.02 <br />8 75.364.97 8.020.04 3.763.56 4.256.47 <br />9 '71.108.50 8.020.04 3.551.02 4.469.02 <br />10 66.639.46 8.020.04 3.327.84 4.692.20 <br />11 61.947.26 6.020.04 3.093.52 4.926.52 <br />12 57.020.76 6.020.04 2.647.50 5.172.54. <br />13 51.646.22 6.020.04 2.569.20 5.430.64 <br />14 46.417.38 6.020.04 2.317.99 5.702.05 <br />15 40.71S.33 8.020.04 2.033.24 5.966.60 <br />16 34.726.53 6.020.04 1.734.27 6.285.77 <br />17 26.442.76 6.020.04 1.420.37 6.59,9.67 <br />18 21.643.10 6.020.04 1.090.60 6.929.24 <br />19 14.913.66 6.020.04 744.77 7.275.27 <br />20 7.636.59 6.020.04 361. 46 7.636.59 <br /> <br />7937E <br /> <br />EXHIBIT C <br />to Project Contract <br />