Exhibit 10.25

FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

THIS FOURTH AMENDMENT to Amended and Restated Loan and Security Agreement (this
“Amendment”) is entered into as of February 1, 2017 (the “Amendment Date”), by
and among OXFORD FINANCE LLC, a Delaware limited liability company with an
office located at 133 North Fairfax Street, Alexandria, Virginia 22314 (in its
individual capacity, “Oxford”; and in its capacity as Collateral Agent,
“Collateral Agent”), the Lenders listed on Schedule 1.1 thereof  from time to
time including Oxford in its capacity as a Lender (each a “Lender” and
collectively, the “Lenders”) and Entellus Medical, Inc., a Delaware corporation
with offices located at 3600 Holly Lane North, Suite 40, Plymouth, MN 55447
(“Borrower”).

WHEREAS, Collateral Agent, Borrower and Lenders party thereto from time to time
have entered into that certain Amended and Restated Loan and Security Agreement,
dated as of December 20, 2013 (as amended, supplemented or otherwise modified
from time to time, the “Loan Agreement”) pursuant to which Lenders have provided
to Borrower certain loans in accordance with the terms and conditions thereof;
and

WHEREAS, Borrower, Lenders and Collateral Agent desire to amend certain
provisions of the Loan Agreement as provided herein and subject to the terms and
conditions set forth herein;

NOW, THEREFORE, in consideration of the promises, covenants and agreements
contained herein, and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, Borrower, Lenders and Collateral
Agent hereby agree as follows:

 

1.

Capitalized terms used herein but not otherwise defined shall have the
respective meanings given to them in the Loan Agreement.

 

2.

Section 2.2(b) of the Loan Agreement is hereby amended and restated in its
entirety as follows:

(b) Repayment.  Borrower shall make monthly payments of interest only commencing
on the first (1st) Payment Date following the Funding Date of each Term Loan
(and in the case of Original Term Loans, commencing on the first Payment Date
following the Funding Date of Term A Loan), and continuing on the Payment Date
of each successive month thereafter through and including the Payment Date
immediately preceding the Amortization Date.  Borrower agrees to pay, on the
Funding Date of each Term Loan (and in the case of Original Term Loans, on the
Funding Date of Term A Loans), any initial partial monthly interest payment
otherwise due for the period between the Funding Date of such Term Loan and the
first Payment Date thereof.  Commencing on the Amortization Date, and continuing
on the Payment Date of each month thereafter, Borrower shall make consecutive
equal monthly payments of principal and interest, in arrears, to each Lender, as
calculated by Collateral Agent (which calculations shall be deemed correct
absent manifest error) based upon: (1) the amount of such Lender’s Term Loan,
(2) the effective rate of interest, as determined in Section 2.3(a), and (3) a
repayment schedule equal to twenty-three (23) months; provided, however, that
all principal payments due on February 1, 2017 and March 1, 2017 shall instead
be due and payable on March 15, 2017.  All unpaid principal and accrued and
unpaid interest with respect to each Term Loan is due and payable in full on the
Maturity Date.  Each Term Loan may only be prepaid in accordance with Sections
2.2(c) and 2.2(d).

 

3.

Section 13.1 of the Loan Agreement is hereby amended by amending and restating
the following definition therein as set forth below:

“Amortization Date” is February 1, 2017.

 

4.

The Amortization Tables attached to the Disbursement Letters entered into on
December 20, 2013, October 28, 2014 and December 23, 2014, are hereby amended
and restated in their entirety as set forth respectively on Exhibit A, Exhibit B
and Exhibit C hereto.

 

--------------------------------------------------------------------------------

 

 

5.

Limitation of Amendment.

 

a.

The amendments and waivers set forth in Sections 2 through 5 above are effective
for the purposes set forth herein and shall be limited precisely as written and
shall not be deemed to (a) be a consent to any amendment, waiver or modification
of any other term or condition of any Loan Document, or (b) otherwise prejudice
any right, remedy or obligation which Lenders or Borrower may now have or may
have in the future under or in connection with any Loan Document, as amended
hereby.

 

b.

This Amendment shall be construed in connection with and as part of the Loan
Documents and all terms, conditions, representations, warranties, covenants and
agreements set forth in the Loan Documents, except as herein amended, are hereby
ratified and confirmed and shall remain in full force and effect.

 

6.

To induce Collateral Agent and Lenders to enter into this Amendment, Borrower
hereby represents and warrants to Collateral Agent and Lenders as follows:

 

a.

Immediately after giving effect to this Amendment (a) the representations and
warranties contained in the Loan Documents are true, accurate and complete in
all material respects as of the date hereof (except to the extent such
representations and warranties relate to an earlier date, in which case they are
true and correct as of such date), and (b) no Event of Default has occurred and
is continuing;

 

b.

Borrower has the power and due authority to execute and deliver this Amendment
and to perform its obligations under the Loan Agreement, as amended by this
Amendment;

 

c.

The organizational documents of Borrower delivered to Collateral Agent on the
Effective Date, and updated pursuant to subsequent deliveries by the Borrower to
the Collateral Agent, remain true, accurate and complete and have not been
amended, supplemented or restated and are and continue to be in full force and
effect;

 

d.

The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this
Amendment, do not and will not contravene (i) any law or regulation binding on
or affecting Borrower, (ii) any contractual restriction with a Person binding on
Borrower, (iii) any order, judgment or decree of any court or other governmental
or public body or authority, or subdivision thereof, binding on Borrower, or
(iv) the organizational documents of Borrower;

 

e.

The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this
Amendment, do not require any order, consent, approval, license, authorization
or validation of, or filing, recording or registration with, or exemption by any
governmental or public body or authority, or subdivision thereof, binding on
Borrower, except as already has been obtained or made; and

 

f.

This Amendment has been duly executed and delivered by Borrower and is the
binding obligation of Borrower, enforceable against Borrower in accordance with
its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, liquidation, moratorium or other similar laws of
general application and equitable principles relating to or affecting creditors’
rights.

 

7.

Except as expressly set forth herein, the Loan Agreement shall continue in full
force and effect without alteration or amendment.  This Amendment and the Loan
Documents represent the entire agreement about this subject matter and supersede
prior negotiations or agreements.

 

--------------------------------------------------------------------------------

 

 

8.

This Amendment shall be deemed effective as of the Amendment Date upon (a) the
due execution and delivery to Collateral Agent of this Amendment by each party
hereto, and (b) Borrower’s payment of all Lenders’ Expenses incurred through the
date hereof, which may be debited from any of Borrower’s accounts with Lenders.

 

9.

This Amendment may be executed in any number of counterparts, each of which
shall be deemed an original, and all of which, taken together, shall constitute
one and the same instrument.

 

10.

This Amendment and the rights and obligations of the parties hereto shall be
governed by and construed in accordance with the laws of the State of New York.

[Balance of Page Intentionally Left Blank]

 

 

 

 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to
Amended and Restated Loan and Security Agreement to be executed as of the date
first set forth above.

 

BORROWER:

 

ENTELLUS MEDICAL, INC.

 

By:

 

/s/ Brent Moen

Name:

 

Brent Moen

Title:

 

CFO

 

 

 

COLLATERAL AGENT AND LENDER:

 

OXFORD FINANCE LLC

 

By:

 

/s/ Mark Davis

Name:

 

Mark Davis

Title:

 

Vice President – Finance, Secretary & Treasurer

 

 

 

 

--------------------------------------------------------------------------------

 

Exhibit A

Amortization Table for Disbursement Letter entered into on December 20, 2013

[Please see attached.]

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus L3 AA01

 

 

 

 

 

 

 

 

Start Date:

12/20/2013

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

60

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$715,231.25

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$1,072,500.00

7.15%

 

 

 

 

Amount:

15,000,000.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

1

1/1/14

Interim Interest Due

$15,000,000.00

2

2/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

3

3/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

4

4/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

5

5/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

6

6/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

7

7/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

8

8/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

9

9/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

10

10/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

11

11/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

12

12/1/14

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

13

1/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

14

2/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

15

3/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

16

4/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

17

5/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

18

6/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

19

7/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

20

8/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

21

9/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

22

10/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

23

11/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

24

12/1/15

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

25

1/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

26

2/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

27

3/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

28

4/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

29

5/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

30

6/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

31

7/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

32

8/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

33

9/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

34

10/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

35

11/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

36

12/1/16

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

37

1/1/17

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

38

2/1/17

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

39

3/1/17

$15,000,000.00

$117,500.00

$117,500.00

$0.00

$15,000,000.00

 

3/15/17

$15,000,000.00

$1,200,144.74

$0.00

$1,200,144.74

$13,799,855.26

40

4/1/17

$13,799,855.26

$719,931.82

$112,799.43

$607,132.39

$13,192,722.87

41

5/1/17

$13,192,722.87

$715,231.25

$103,343.00

$611,888.26

$12,580,834.61

42

6/1/17

$12,580,834.61

$715,231.25

$98,549.87

$616,681.38

$11,964,153.23

43

7/1/17

$11,964,153.23

$715,231.25

$93,719.20

$621,512.05

$11,342,641.18

44

8/1/17

$11,342,641.18

$715,231.25

$88,850.69

$626,380.57

$10,716,260.61

45

9/1/17

$10,716,260.61

$715,231.25

$83,944.04

$631,287.21

$10,084,973.40

46

10/1/17

$10,084,973.40

$715,231.25

$78,998.96

$636,232.30

$9,448,741.10

47

11/1/17

$9,448,741.10

$715,231.25

$74,015.14

$641,216.12

$8,807,524.99

48

12/1/17

$8,807,524.99

$715,231.25

$68,992.28

$646,238.98

$8,161,286.01

49

1/1/18

$8,161,286.01

$715,231.25

$63,930.07

$651,301.18

$7,509,984.83

50

2/1/18

$7,509,984.83

$715,231.25

$58,828.21

$656,403.04

$6,853,581.79

51

3/1/18

$6,853,581.79

$715,231.25

$53,686.39

$661,544.86

$6,192,036.92

52

4/1/18

$6,192,036.92

$715,231.25

$48,504.29

$666,726.97

$5,525,309.96

53

5/1/18

$5,525,309.96

$715,231.25

$43,281.59

$671,949.66

$4,853,360.30

54

6/1/18

$4,853,360.30

$715,231.25

$38,017.99

$677,213.27

$4,176,147.03

55

7/1/18

$4,176,147.03

$715,231.25

$32,713.15

$682,518.10

$3,493,628.93

56

8/1/18

$3,493,628.93

$715,231.25

$27,366.76

$687,864.49

$2,805,764.44

57

9/1/18

$2,805,764.44

$715,231.25

$21,978.49

$693,252.77

$2,112,511.67

58

10/1/18

$2,112,511.67

$715,231.25

$16,548.01

$698,683.25

$1,413,828.42

59

11/1/18

$1,413,828.42

$715,231.25

$11,074.99

$704,156.27

$709,672.16

60

12/1/18

$709,672.16

$715,231.25

$5,559.10

$709,672.16

$0.00

Final

12/1/18

Final

$1,072,500.00

$1,072,500.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$21,762,201.65

$6,762,201.65

$15,000,000.00

 

 

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus AA01a

OF ID:  212048

 

 

 

 

 

 

 

 

Start Date:

12/20/2013

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

60

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$190,728.33

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$286,000.00

7.15%

 

 

 

 

Amount:

4,000,000.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

1

1/1/14

Interim Interest Due

$4,000,000.00

2

2/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

3

3/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

4

4/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

5

5/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

6

6/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

7

7/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

8

8/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

9

9/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

10

10/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

11

11/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

12

12/1/14

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

13

1/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

14

2/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

15

3/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

16

4/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

17

5/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

18

6/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

19

7/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

20

8/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

21

9/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

22

10/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

23

11/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

24

12/1/15

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

25

1/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

26

2/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

27

3/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

28

4/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

29

5/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

30

6/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

31

7/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

32

8/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

33

9/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

34

10/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

35

11/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

36

12/1/16

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

37

1/1/17

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

38

2/1/17

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

39

3/1/17

$4,000,000.00

$31,333.33

$31,333.33

$0.00

$4,000,000.00

 

3/15/17

$4,000,000.00

$320,038.60

$0.00

$320,038.60

$3,679,961.40

40

4/1/17

$3,679,961.40

$191,981.82

$30,079.85

$161,901.97

$3,518,059.43

41

5/1/17

$3,518,059.43

$190,728.33

$27,558.13

$163,170.20

$3,354,889.23

42

6/1/17

$3,354,889.23

$190,728.33

$26,279.97

$164,448.37

$3,190,440.86

43

7/1/17

$3,190,440.86

$190,728.33

$24,991.79

$165,736.55

$3,024,704.31

44

8/1/17

$3,024,704.31

$190,728.33

$23,693.52

$167,034.82

$2,857,669.50

45

9/1/17

$2,857,669.50

$190,728.33

$22,385.08

$168,343.26

$2,689,326.24

46

10/1/17

$2,689,326.24

$190,728.33

$21,066.39

$169,661.95

$2,519,664.29

47

11/1/17

$2,519,664.29

$190,728.33

$19,737.37

$170,990.96

$2,348,673.33

48

12/1/17

$2,348,673.33

$190,728.33

$18,397.94

$172,330.39

$2,176,342.94

49

1/1/18

$2,176,342.94

$190,728.33

$17,048.02

$173,680.31

$2,002,662.62

50

2/1/18

$2,002,662.62

$190,728.33

$15,687.52

$175,040.81

$1,827,621.81

51

3/1/18

$1,827,621.81

$190,728.33

$14,316.37

$176,411.96

$1,651,209.85

52

4/1/18

$1,651,209.85

$190,728.33

$12,934.48

$177,793.86

$1,473,415.99

53

5/1/18

$1,473,415.99

$190,728.33

$11,541.76

$179,186.58

$1,294,229.41

54

6/1/18

$1,294,229.41

$190,728.33

$10,138.13

$180,590.20

$1,113,639.21

55

7/1/18

$1,113,639.21

$190,728.33

$8,723.51

$182,004.83

$931,634.38

56

8/1/18

$931,634.38

$190,728.33

$7,297.80

$183,430.53

$748,203.85

57

9/1/18

$748,203.85

$190,728.33

$5,860.93

$184,867.40

$563,336.44

58

10/1/18

$563,336.44

$190,728.33

$4,412.80

$186,315.53

$377,020.91

59

11/1/18

$377,020.91

$190,728.33

$2,953.33

$187,775.00

$189,245.91

60

12/1/18

$189,245.91

$190,728.33

$1,482.43

$189,245.91

$0.00

Final

12/1/18

Final

$286,000.00

$286,000.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$5,803,253.77

$1,803,253.77

$4,000,000.00

 

 

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus AA01b

OF ID:  212049

 

 

 

 

 

 

 

 

Start Date:

12/20/2013

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

60

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$166,887.29

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$250,250.00

7.15%

 

 

 

 

Amount:

3,500,000.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

1

1/1/14

Interim Interest Due

$3,500,000.00

2

2/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

3

3/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

4

4/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

5

5/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

6

6/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

7

7/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

8

8/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

9

9/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

10

10/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

11

11/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

12

12/1/14

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

13

1/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

14

2/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

15

3/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

16

4/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

17

5/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

18

6/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

19

7/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

20

8/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

21

9/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

22

10/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

23

11/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

24

12/1/15

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

25

1/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

26

2/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

27

3/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

28

4/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

29

5/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

30

6/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

31

7/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

32

8/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

33

9/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

34

10/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

35

11/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

36

12/1/16

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

37

1/1/17

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

38

2/1/17

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

39

3/1/17

$3,500,000.00

$27,416.67

$27,416.67

$0.00

$3,500,000.00

 

3/15/17

$3,500,000.00

$280,033.77

$0.00

$280,033.77

$3,219,966.23

40

4/1/17

$3,219,966.23

$167,984.09

$26,319.87

$141,664.22

$3,078,302.00

41

5/1/17

$3,078,302.00

$166,887.29

$24,113.37

$142,773.93

$2,935,528.08

42

6/1/17

$2,935,528.08

$166,887.29

$22,994.97

$143,892.32

$2,791,635.75

43

7/1/17

$2,791,635.75

$166,887.29

$21,867.81

$145,019.48

$2,646,616.27

44

8/1/17

$2,646,616.27

$166,887.29

$20,731.83

$146,155.47

$2,500,460.81

45

9/1/17

$2,500,460.81

$166,887.29

$19,586.94

$147,300.35

$2,353,160.46

46

10/1/17

$2,353,160.46

$166,887.29

$18,433.09

$148,454.20

$2,204,706.26

47

11/1/17

$2,204,706.26

$166,887.29

$17,270.20

$149,617.09

$2,055,089.16

48

12/1/17

$2,055,089.16

$166,887.29

$16,098.20

$150,789.09

$1,904,300.07

49

1/1/18

$1,904,300.07

$166,887.29

$14,917.02

$151,970.28

$1,752,329.79

50

2/1/18

$1,752,329.79

$166,887.29

$13,726.58

$153,160.71

$1,599,169.08

51

3/1/18

$1,599,169.08

$166,887.29

$12,526.82

$154,360.47

$1,444,808.62

52

4/1/18

$1,444,808.62

$166,887.29

$11,317.67

$155,569.63

$1,289,238.99

53

5/1/18

$1,289,238.99

$166,887.29

$10,099.04

$156,788.25

$1,132,450.74

54

6/1/18

$1,132,450.74

$166,887.29

$8,870.86

$158,016.43

$974,434.31

55

7/1/18

$974,434.31

$166,887.29

$7,633.07

$159,254.22

$815,180.08

56

8/1/18

$815,180.08

$166,887.29

$6,385.58

$160,501.72

$654,678.37

57

9/1/18

$654,678.37

$166,887.29

$5,128.31

$161,758.98

$492,919.39

58

10/1/18

$492,919.39

$166,887.29

$3,861.20

$163,026.09

$329,893.30

59

11/1/18

$329,893.30

$166,887.29

$2,584.16

$164,303.13

$165,590.17

60

12/1/18

$165,590.17

$166,887.29

$1,297.12

$165,590.17

$0.00

Final

12/1/18

Final

$250,250.00

$250,250.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$5,077,847.05

$1,577,847.05

$3,500,000.00

 

 

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus L3 AA01a

OF ID:  213076

 

 

 

 

 

 

 

 

Start Date:

12/20/2013

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

60

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$214,569.38

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$321,750.00

7.15%

 

 

 

 

Amount:

4,500,000.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

1

1/1/14

Interim Interest Due

$4,500,000.00

2

2/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

3

3/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

4

4/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

5

5/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

6

6/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

7

7/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

8

8/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

9

9/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

10

10/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

11

11/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

12

12/1/14

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

13

1/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

14

2/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

15

3/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

16

4/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

17

5/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

18

6/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

19

7/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

20

8/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

21

9/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

22

10/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

23

11/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

24

12/1/15

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

25

1/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

26

2/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

27

3/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

28

4/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

29

5/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

30

6/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

31

7/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

32

8/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

33

9/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

34

10/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

35

11/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

36

12/1/16

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

37

1/1/17

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

38

2/1/17

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

39

3/1/17

$4,500,000.00

$35,250.00

$35,250.00

$0.00

$4,500,000.00

 

3/15/17

$4,500,000.00

$360,043.42

$0.00

$360,043.42

$4,139,956.58

40

4/1/17

$4,139,956.58

$215,979.55

$33,839.83

$182,139.72

$3,957,816.86

41

5/1/17

$3,957,816.86

$214,569.38

$31,002.90

$183,566.48

$3,774,250.38

42

6/1/17

$3,774,250.38

$214,569.38

$29,564.96

$185,004.42

$3,589,245.97

43

7/1/17

$3,589,245.97

$214,569.38

$28,115.76

$186,453.62

$3,402,792.35

44

8/1/17

$3,402,792.35

$214,569.38

$26,655.21

$187,914.17

$3,214,878.18

45

9/1/17

$3,214,878.18

$214,569.38

$25,183.21

$189,386.16

$3,025,492.02

46

10/1/17

$3,025,492.02

$214,569.38

$23,699.69

$190,869.69

$2,834,622.33

47

11/1/17

$2,834,622.33

$214,569.38

$22,204.54

$192,364.83

$2,642,257.50

48

12/1/17

$2,642,257.50

$214,569.38

$20,697.68

$193,871.69

$2,448,385.80

49

1/1/18

$2,448,385.80

$214,569.38

$19,179.02

$195,390.35

$2,252,995.45

50

2/1/18

$2,252,995.45

$214,569.38

$17,648.46

$196,920.91

$2,056,074.54

51

3/1/18

$2,056,074.54

$214,569.38

$16,105.92

$198,463.46

$1,857,611.08

52

4/1/18

$1,857,611.08

$214,569.38

$14,551.29

$200,018.09

$1,657,592.99

53

5/1/18

$1,657,592.99

$214,569.38

$12,984.48

$201,584.90

$1,456,008.09

54

6/1/18

$1,456,008.09

$214,569.38

$11,405.40

$203,163.98

$1,252,844.11

55

7/1/18

$1,252,844.11

$214,569.38

$9,813.95

$204,755.43

$1,048,088.68

56

8/1/18

$1,048,088.68

$214,569.38

$8,210.03

$206,359.35

$841,729.33

57

9/1/18

$841,729.33

$214,569.38

$6,593.55

$207,975.83

$633,753.50

58

10/1/18

$633,753.50

$214,569.38

$4,964.40

$209,604.97

$424,148.53

59

11/1/18

$424,148.53

$214,569.38

$3,322.50

$211,246.88

$212,901.65

60

12/1/18

$212,901.65

$214,569.38

$1,667.73

$212,901.65

$0.00

Final

12/1/18

Final

$321,750.00

$321,750.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$6,528,660.50

$2,028,660.50

$4,500,000.00

 

 

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus L3 AA01b

OF ID:  213077

 

 

 

 

 

 

 

 

Start Date:

12/20/2013

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

60

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$143,046.25

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$214,500.00

7.15%

 

 

 

 

Amount:

3,000,000.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

1

1/1/14

Interim Interest Due

$3,000,000.00

2

2/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

3

3/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

4

4/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

5

5/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

6

6/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

7

7/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

8

8/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

9

9/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

10

10/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

11

11/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

12

12/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

13

1/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

14

2/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

15

3/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

16

4/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

17

5/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

18

6/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

19

7/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

20

8/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

21

9/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

22

10/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

23

11/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

24

12/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

25

1/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

26

2/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

27

3/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

28

4/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

29

5/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

30

6/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

31

7/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

32

8/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

33

9/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

34

10/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

35

11/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

36

12/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

37

1/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

38

2/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

39

3/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

 

3/15/17

$3,000,000.00

$240,028.95

$0.00

$240,028.95

$2,759,971.05

40

4/1/17

$2,759,971.05

$143,986.36

$22,559.89

$121,426.48

$2,638,544.57

41

5/1/17

$2,638,544.57

$143,046.25

$20,668.60

$122,377.65

$2,516,166.92

42

6/1/17

$2,516,166.92

$143,046.25

$19,709.97

$123,336.28

$2,392,830.65

43

7/1/17

$2,392,830.65

$143,046.25

$18,743.84

$124,302.41

$2,268,528.24

44

8/1/17

$2,268,528.24

$143,046.25

$17,770.14

$125,276.11

$2,143,252.12

45

9/1/17

$2,143,252.12

$143,046.25

$16,788.81

$126,257.44

$2,016,994.68

46

10/1/17

$2,016,994.68

$143,046.25

$15,799.79

$127,246.46

$1,889,748.22

47

11/1/17

$1,889,748.22

$143,046.25

$14,803.03

$128,243.22

$1,761,505.00

48

12/1/17

$1,761,505.00

$143,046.25

$13,798.46

$129,247.80

$1,632,257.20

49

1/1/18

$1,632,257.20

$143,046.25

$12,786.01

$130,260.24

$1,501,996.97

50

2/1/18

$1,501,996.97

$143,046.25

$11,765.64

$131,280.61

$1,370,716.36

51

3/1/18

$1,370,716.36

$143,046.25

$10,737.28

$132,308.97

$1,238,407.38

52

4/1/18

$1,238,407.38

$143,046.25

$9,700.86

$133,345.39

$1,105,061.99

53

5/1/18

$1,105,061.99

$143,046.25

$8,656.32

$134,389.93

$970,672.06

54

6/1/18

$970,672.06

$143,046.25

$7,603.60

$135,442.65

$835,229.41

55

7/1/18

$835,229.41

$143,046.25

$6,542.63

$136,503.62

$698,725.79

56

8/1/18

$698,725.79

$143,046.25

$5,473.35

$137,572.90

$561,152.89

57

9/1/18

$561,152.89

$143,046.25

$4,395.70

$138,650.55

$422,502.33

58

10/1/18

$422,502.33

$143,046.25

$3,309.60

$139,736.65

$282,765.68

59

11/1/18

$282,765.68

$143,046.25

$2,215.00

$140,831.25

$141,934.43

60

12/1/18

$141,934.43

$143,046.25

$1,111.82

$141,934.43

$0.00

Final

12/1/18

Final

$214,500.00

$214,500.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$4,352,440.33

$1,352,440.33

$3,000,000.00

 

 

 

--------------------------------------------------------------------------------

 

Exhibit B

Amortization Table for Disbursement Letter entered into on October 28, 2014

[Please see attached.]

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus L3 AA02

OF ID:  214106

 

 

 

 

 

 

 

 

Start Date:

10/28/2014

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

49

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$143,046.25

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$214,500.00

7.15%

 

 

 

 

Amount:

3,000,000.00

 

 

 

 

 

Interim Interest  Days:

3

 

 

 

 

 

Interim Interest:

$2,350.00

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

 

11/1/14

Interim Interest Due

$3,000,000.00

1

12/1/14

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

2

1/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

3

2/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

4

3/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

5

4/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

6

5/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

7

6/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

8

7/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

9

8/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

10

9/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

11

10/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

12

11/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

13

12/1/15

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

14

1/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

15

2/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

16

3/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

17

4/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

18

5/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

19

6/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

20

7/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

21

8/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

22

9/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

23

10/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

24

11/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

25

12/1/16

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

26

1/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

27

2/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

28

3/1/17

$3,000,000.00

$23,500.00

$23,500.00

$0.00

$3,000,000.00

 

3/15/17

$3,000,000.00

$240,028.95

$0.00

$240,028.95

$2,759,971.05

29

4/1/17

$2,759,971.05

$143,986.36

$22,559.89

$121,426.48

$2,638,544.57

30

5/1/17

$2,638,544.57

$143,046.25

$20,668.60

$122,377.65

$2,516,166.92

31

6/1/17

$2,516,166.92

$143,046.25

$19,709.97

$123,336.28

$2,392,830.65

32

7/1/17

$2,392,830.65

$143,046.25

$18,743.84

$124,302.41

$2,268,528.24

33

8/1/17

$2,268,528.24

$143,046.25

$17,770.14

$125,276.11

$2,143,252.12

34

9/1/17

$2,143,252.12

$143,046.25

$16,788.81

$126,257.44

$2,016,994.68

35

10/1/17

$2,016,994.68

$143,046.25

$15,799.79

$127,246.46

$1,889,748.22

36

11/1/17

$1,889,748.22

$143,046.25

$14,803.03

$128,243.22

$1,761,505.00

37

12/1/17

$1,761,505.00

$143,046.25

$13,798.46

$129,247.80

$1,632,257.20

38

1/1/18

$1,632,257.20

$143,046.25

$12,786.01

$130,260.24

$1,501,996.97

39

2/1/18

$1,501,996.97

$143,046.25

$11,765.64

$131,280.61

$1,370,716.36

40

3/1/18

$1,370,716.36

$143,046.25

$10,737.28

$132,308.97

$1,238,407.38

41

4/1/18

$1,238,407.38

$143,046.25

$9,700.86

$133,345.39

$1,105,061.99

42

5/1/18

$1,105,061.99

$143,046.25

$8,656.32

$134,389.93

$970,672.06

43

6/1/18

$970,672.06

$143,046.25

$7,603.60

$135,442.65

$835,229.41

44

7/1/18

$835,229.41

$143,046.25

$6,542.63

$136,503.62

$698,725.79

45

8/1/18

$698,725.79

$143,046.25

$5,473.35

$137,572.90

$561,152.89

46

9/1/18

$561,152.89

$143,046.25

$4,395.70

$138,650.55

$422,502.33

47

10/1/18

$422,502.33

$143,046.25

$3,309.60

$139,736.65

$282,765.68

48

11/1/18

$282,765.68

$143,046.25

$2,215.00

$140,831.25

$141,934.43

49

12/1/18

$141,934.43

$143,046.25

$1,111.82

$141,934.43

$0.00

Final

12/1/18

Final Payment

$214,500.00

$214,500.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$4,117,440.33

$1,117,440.33

$3,000,000.00

 

 

 

--------------------------------------------------------------------------------

 

Exhibit C

Amortization Table for Disbursement Letter entered into on December 23, 2014

[Please see attached.]

 

 

 

 

--------------------------------------------------------------------------------

 

 

Oxford Finance LLC

Amortization Table

Entellus L3 AA02b

OF ID:  214118

 

 

 

 

 

 

 

 

Start Date:

12/23/2014

 

Disclaimer:

 

 

 

Interest Rate:

9.40%

 

THIS IS A STANDARD AMORTIZATION

 

Term:

47

 

SCHEDULE.  IT IS NOT INTENDED TO BE

 

Payment:

$95,364.17

 

USED FOR PAYOFF PURPOSES.

 

 

Final Payment:

$143,000.00

7.15%

 

 

 

 

Amount:

2,000,000.00

 

 

 

 

 

Interim Interest  Days:

8

 

 

 

 

 

Interim Interest:

$4,177.78

 

 

 

 

 

 

 

 

 

 

 

PMT

Payment

Beginning

Monthly

 

 

Ending

No.

Date

Balance

Payment

Interest

Principal

Balance

 

 

 

 

 

 

 

 

1/1/15

Interim Interest Due

$2,000,000.00

1

2/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

2

3/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

3

4/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

4

5/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

5

6/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

6

7/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

7

8/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

8

9/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

9

10/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

10

11/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

11

12/1/15

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

12

1/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

13

2/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

14

3/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

15

4/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

16

5/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

17

6/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

18

7/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

19

8/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

20

9/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

21

10/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

22

11/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

23

12/1/16

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

24

1/1/17

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

25

2/1/17

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

26

3/1/17

$2,000,000.00

$15,666.67

$15,666.67

$0.00

$2,000,000.00

 

3/15/17

$2,000,000.00

$160,019.30

$0.00

$160,019.30

$1,839,980.70

27

4/1/17

$1,839,980.70

$95,990.91

$15,039.92

$80,950.99

$1,759,029.72

28

5/1/17

$1,759,029.72

$95,364.17

$13,779.07

$81,585.10

$1,677,444.62

29

6/1/17

$1,677,444.62

$95,364.17

$13,139.98

$82,224.18

$1,595,220.43

30

7/1/17

$1,595,220.43

$95,364.17

$12,495.89

$82,868.27

$1,512,352.16

31

8/1/17

$1,512,352.16

$95,364.17

$11,846.76

$83,517.41

$1,428,834.75

32

9/1/17

$1,428,834.75

$95,364.17

$11,192.54

$84,171.63

$1,344,663.12

33

10/1/17

$1,344,663.12

$95,364.17

$10,533.19

$84,830.97

$1,259,832.15

34

11/1/17

$1,259,832.15

$95,364.17

$9,868.69

$85,495.48

$1,174,336.66

35

12/1/17

$1,174,336.66

$95,364.17

$9,198.97

$86,165.20

$1,088,171.47

36

1/1/18

$1,088,171.47

$95,364.17

$8,524.01

$86,840.16

$1,001,331.31

37

2/1/18

$1,001,331.31

$95,364.17

$7,843.76

$87,520.41

$913,810.91

38

3/1/18

$913,810.91

$95,364.17

$7,158.19

$88,205.98

$825,604.92

39

4/1/18

$825,604.92

$95,364.17

$6,467.24

$88,896.93

$736,707.99

40

5/1/18

$736,707.99

$95,364.17

$5,770.88

$89,593.29

$647,114.71

41

6/1/18

$647,114.71

$95,364.17

$5,069.07

$90,295.10

$556,819.60

42

7/1/18

$556,819.60

$95,364.17

$4,361.75

$91,002.41

$465,817.19

43

8/1/18

$465,817.19

$95,364.17

$3,648.90

$91,715.27

$374,101.92

44

9/1/18

$374,101.92

$95,364.17

$2,930.47

$92,433.70

$281,668.22

45

10/1/18

$281,668.22

$95,364.17

$2,206.40

$93,157.77

$188,510.46

46

11/1/18

$188,510.46

$95,364.17

$1,476.67

$93,887.50

$94,622.95

47

12/1/18

$94,622.95

$95,364.17

$741.21

$94,622.95

$0.00

Final

12/1/18

Final Payment

$143,000.00

$143,000.00

$0.00

 

 

 

 

 

 

 

 

 

 

Totals

$2,713,626.89

$713,626.89

$2,000,000.00

 

 

 

BOS 48229980v1