Exhibit 10.22

 

PROMISSORY NOTE

(WITH BALLOON and SET OFF PROVISIONS)

 

	
$4,500,000.00
    	
November 22, 2010
    


 

The undersigned, WC ACQUITISION CORP., a New Hampshire corporation (hereinafter referred to as “Maker”), for value received, promises to pay to the order of WILDCAT MOUNTAIN SKI AREA, INC., a New Hampshire corporation, MEADOW GREEN — WILDCAT SKILIFT CORP., a New Hampshire corporation, and MEADOW GREEN — WILDCAT CORP., a New Hampshire corporation (hereinafter collectively referred to as “Payee”) at c/o Pasquale Franchi, Franchi Management, 182 West Central Street, Natick, MA 01760 or such other place as may be designated in writing by the holder hereof, in lawful money of the United States of America in immediately available funds, the principal sum of Four Million Five Hundred Thousand and 00/100 Dollars ($4,500,000.00), together with interest thereon from the date hereof, at the rate or rates hereinafter specified, as follows:

 

1. Interest. This Note shall bear interest on the unpaid principal balance from and after the date of this Note, to the date of payment of the entire principal balance at the rate of four percent (4%) per annum. The interest rate shall be fixed for the term of the loan.

 

2. Payments. Principal and interest under this note shall be payable pursuant to the amortization schedule attached hereto as Exhibit A. Said amortization schedule is based on twenty (20) years amortization. A balloon payment shall be due on the Maturity Date unless extended by agreement of the parties.

 

3. Maturity. This note shall mature on the twenty-second (22nd) day of December, 2020 and any accrued interest and all principal shall be due and payable at that time.

 

4. Application of Payments. All installments paid hereunder shall be in currently available funds.

 

5. Payments Due on Saturdays, Sundays or Legal Holidays. If any payment of principal or interest due on this Note is payable on a day which is a Saturday, Sunday or legal holiday in the State of New Hampshire, then such payment shall be due on the next business day.

 

6. Prepayment. Maker shall have the right to prepay the unpaid loan balance in full or in part at any time during the loan term. No prepayment shall be permitted if there exists a default under the Note. All prepayments shall be in currently available funds, and shall be applied first to the accrued interest, and the balance, if any, shall be applied to the principal as set forth above.

 

7. Default. Upon the occurrence of an “Event of Default” as defined herein and the expiration of any applicable cure period, then the holder of this Note, upon thirty (30) days written notice to Maker, may declare immediately due and payable the entire unpaid balance of principal under this Note, together with all accrued interest thereon and all other sums due from Maker. Each of the following shall constitute an Event of Default hereunder:

 











 

(a) Monetary Default. If Maker fails to make any payment hereon on the date on which it shall fall due; or

 

(b) Default in Performance of Obligations. If Maker defaults in the performance of any of the agreements, conditions, covenants, provisions or stipulations contained in this Note.

 

(c) Cure Period. Notwithstanding anything herein to the contrary, Maker shall not be in default hereunder with respect to any Monetary Default unless Payee first provides Maker with written notice of the existence of such default and Maker thereafter fails to cure such default within ten (10) days of the date of such notice.

 

8. Oral Agreements. Oral agreements or commitments to loan money, extend credit or forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect you (Maker) and us (Payee) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. Maker acknowledges that there are no oral agreements related to this note as the day and year first written above,

 

9. Security. This Note is secured by a Mortgage, Security Agreement, Fixture Filing, and Assignment of Rents of even date herewith.

 

10. Waiver. The Maker waives, to the fullest extent permitted by law, presentment, notice, protest and all other demands and notices, and assents (1) to any extension of time of payment or any other indulgence, and (2) to the release of any other person or entity primarily or secondarily liable for the obligations evidenced hereby.”

 

11. Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New Hampshire. In the event of a dispute the parties consent to jurisdiction and venue in Carroll County, New Hampshire.

 

12. Guaranty. This Note is made in connection with a Guaranty executed by Peak Resorts, Inc. of even date herewith.

 

13. Right to Set Off. This Note shall be subject to the set-off provisions of Section 7.3(a) of the Agreement of Sale and Purchase entered into by and between WILDCAT MOUNTAIN SKI AREA, INC., MEADOW GREEN-WILDCAT SKILIFT CORP., MEADOW GREEN — WILDCAT CORP. (collectively “Seller”) and WC Acquisition Corp. (“Purchaser”) (“Purchase Agreement”). In the event that an amount is set-off by Purchaser against a party under Section 7.3(a) of the Purchase Agreement, then the principal amount due and payable to the Payee under this Note shall be reduced by said set-off amount, and said reduction shall be treated as a prepayment hereunder and the remaining payments shall be recalculated to provide for equal monthly payments (based on the number of months remaining under the original twenty (20) year amortization schedule) until the Maturity of this Note.

 

2











 

14. Notices. All notices, requests and other communications under this Agreement shall be in writing and shall be either (a) delivered in person, (b) sent by certified mail, return-receipt requested, (c) delivered by a recognized delivery service or (d) sent by facsimile transmission and addressed as follows:

 

	
If   to Maker:
    	
 
    	
 
    
	
 
    	
 
    	
WC   Acquisition Corp.
    
	
 
    	
 
    	
Attn:   Richard Deutsch or Stephen Mueller
    
	
 
    	
 
    	
17409   Hidden Valley Drive
    
	
 
    	
 
    	
Eureka,   Missouri 63025
    
	
 
    	
 
    	
 
    
	
With   a copy to:
    	
 
    	
David   L. Jones
    
	
 
    	
 
    	
Helfrey,   Neiers & Jones, P.C.
    
	
 
    	
 
    	
120   South Central Avenue, Suite 1500
    
	
 
    	
 
    	
St.   Louis, Missouri 63105
    
	
 
    	
 
    	
Telephone:   (314) 725-9100
    
	
 
    	
 
    	
Facsimile:   (314) 725-5754
    
	
 
    	
 
    	
 
    
	
If   to Payee:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
With   a copy to:
    	
 
    	
Randall   F. Cooper, Esq.
    
	
 
    	
 
    	
Cooper   Cargill Chant
    
	
 
    	
 
    	
2935   White Mountain Highway
    
	
 
    	
 
    	
North   Conway, NH 03860
    
	
 
    	
 
    	
Telephone:   (603) 356-5439
    
	
 
    	
 
    	
Facsimile:   (603)356-7975
    


 

IN WITNESS WHEREOF, Maker has executed and delivered this Note the day and year first above written.

 

	
 
    	
 
    	
MAKER:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
WC ACQUISITION CORP., a New Hampshire   corporation
    
	
 
    	
 
    	
By:
    	
/s/   Stephen J. Mueller
    
	
 
    	
 
    	
 
    	
Stephen   J. Mueller, Vice President
    


 

3











 

Wildcat Ski Area Acquisition Note

 

Compound Period                                             : Monthly

 

Nominal Annual Rate                         : 4.000%

 

CASH FLOW DATA

 

	
 
    	
 
    	
Event
    	
 
    	
Date
    	
 
    	
Amount
    	
 
    	
Number
    	
 
    	
Period
    	
 
    	
End Date
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Loan
    	
 
    	
11/22/2010
    	
 
    	
4,500,000.00
    	
 
    	
1
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2
    	
 
    	
Payment
    	
 
    	
12/22/2010
    	
 
    	
27,269.11
    	
 
    	
240
    	
 
    	
Monthly
    	
 
    	
11/22/2030
    	
 
    


 

AMORTIZATION SCHEDULE — Normal Amortization 

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Loan
    	
 
    	
11/22/2010
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4,500,000.00
    	
 
    
	
1
    	
 
    	
12/22/2010
    	
 
    	
27,269.11
    	
 
    	
15,000.00
    	
 
    	
12,269.11
    	
 
    	
4,487,730.89
    	
 
    
	
2010   Totals
    	
 
    	
 
    	
 
    	
27,269.11
    	
 
    	
15,000.00
    	
 
    	
12,269.11
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2
    	
 
    	
01/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,959.10
    	
 
    	
12,310.01
    	
 
    	
4,475,420.88
    	
 
    
	
3
    	
 
    	
02/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,918.07
    	
 
    	
12,351.04
    	
 
    	
4,463,069.84
    	
 
    
	
4
    	
 
    	
03/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,876.90
    	
 
    	
12,392.21
    	
 
    	
4,450,677.63
    	
 
    
	
5
    	
 
    	
04/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,835.59
    	
 
    	
12,433.52
    	
 
    	
4,438,244.11
    	
 
    
	
6
    	
 
    	
05/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,794.15
    	
 
    	
12,474.96
    	
 
    	
4,425,769.15
    	
 
    
	
7
    	
 
    	
06/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,752.56
    	
 
    	
12,516.55
    	
 
    	
4,413,252.60
    	
 
    
	
8
    	
 
    	
07/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,710.84
    	
 
    	
12,558.27
    	
 
    	
4,400,694.33
    	
 
    
	
9
    	
 
    	
08/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,668.98
    	
 
    	
12,600.13
    	
 
    	
4,388,094.20
    	
 
    
	
10
    	
 
    	
09/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,626.98
    	
 
    	
12,642.13
    	
 
    	
4,375,452.07
    	
 
    
	
11
    	
 
    	
10/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,584.84
    	
 
    	
12,684.27
    	
 
    	
4,362,767.80
    	
 
    
	
12
    	
 
    	
11/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,542.56
    	
 
    	
12,726.55
    	
 
    	
4,350,041.25
    	
 
    
	
13
    	
 
    	
12/22/2011
    	
 
    	
27,269.11
    	
 
    	
14,500.14
    	
 
    	
12,768.97
    	
 
    	
4,337,272.28
    	
 
    
	
2011   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
176,770.71
    	
 
    	
150,458.61
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
14
    	
 
    	
01/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,457.57
    	
 
    	
12,811.54
    	
 
    	
4,324,460.74
    	
 
    
	
15
    	
 
    	
02/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,414.87
    	
 
    	
12,854.24
    	
 
    	
4,311,606.50
    	
 
    
	
16
    	
 
    	
03/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,372.02
    	
 
    	
12,897.09
    	
 
    	
4,298,709.41
    	
 
    
	
17
    	
 
    	
04/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,329.03
    	
 
    	
12,940.08
    	
 
    	
4,285,769.33
    	
 
    
	
18
    	
 
    	
05/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,285.90
    	
 
    	
12,983.21
    	
 
    	
4,272,786.12
    	
 
    
	
19
    	
 
    	
06/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,242.62
    	
 
    	
13,026.49
    	
 
    	
4,259,759.63
    	
 
    
	
20
    	
 
    	
07/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,199.20
    	
 
    	
13,069.91
    	
 
    	
4,246,689.72
    	
 
    
	
21
    	
 
    	
08/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,155.63
    	
 
    	
13,113.48
    	
 
    	
4,233,576.24
    	
 
    
	
22
    	
 
    	
09/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,111.92
    	
 
    	
13,157.19
    	
 
    	
4,220,419.05
    	
 
    
	
23
    	
 
    	
10/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,068.06
    	
 
    	
13,201.05
    	
 
    	
4,207,218.00
    	
 
    
	
24
    	
 
    	
11/22/2012
    	
 
    	
27,269.11
    	
 
    	
14,024.06
    	
 
    	
13,245.05
    	
 
    	
4,193,972.95
    	
 
    
	
25
    	
 
    	
12/22/2012
    	
 
    	
27,269.11
    	
 
    	
13,979.91
    	
 
    	
13,289.20
    	
 
    	
4,180,683.75
    	
 
    
	
2012   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
170,640.79
    	
 
    	
156,588.53
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
26
    	
 
    	
01/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,935.61
    	
 
    	
13,333.50
    	
 
    	
4,167,350.25
    	
 
    
	
27
    	
 
    	
02/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,891.17
    	
 
    	
13,377.94
    	
 
    	
4,153,972.31
    	
 
    
	
28
    	
 
    	
03/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,846.57
    	
 
    	
13,422.54
    	
 
    	
4,140,549.77
    	
 
    
	
29
    	
 
    	
04/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,801.83
    	
 
    	
13,467.28
    	
 
    	
4,127,082.49
    	
 
    


 











 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
30
    	
 
    	
05/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,756.94
    	
 
    	
13,512.17
    	
 
    	
4,113,570.32
    	
 
    
	
31
    	
 
    	
06/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,711.90
    	
 
    	
13,557.21
    	
 
    	
4,100,013.11
    	
 
    
	
32
    	
 
    	
07/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,666.71
    	
 
    	
13,602.40
    	
 
    	
4,086,410.71
    	
 
    
	
33
    	
 
    	
08/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,621.37
    	
 
    	
13,647.74
    	
 
    	
4,072,762.97
    	
 
    
	
34
    	
 
    	
09/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,575.88
    	
 
    	
13,693.23
    	
 
    	
4,059,069.74
    	
 
    
	
35
    	
 
    	
10/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,530.23
    	
 
    	
13,738.88
    	
 
    	
4,045,330.86
    	
 
    
	
36
    	
 
    	
11/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,484.44
    	
 
    	
13,784.67
    	
 
    	
4,031,546.19
    	
 
    
	
37
    	
 
    	
12/22/2013
    	
 
    	
27,269.11
    	
 
    	
13,438.49
    	
 
    	
13,830.62
    	
 
    	
4,017,715.57
    	
 
    
	
2013   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
164,261.14
    	
 
    	
162,968.18
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
38
    	
 
    	
01/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,392.39
    	
 
    	
13,876.72
    	
 
    	
4,003,838.85
    	
 
    
	
39
    	
 
    	
02/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,346.13
    	
 
    	
13,922.98
    	
 
    	
3,989,915.87
    	
 
    
	
40
    	
 
    	
03/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,299.72
    	
 
    	
13,969.39
    	
 
    	
3,975,946.48
    	
 
    
	
41
    	
 
    	
04/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,253.15
    	
 
    	
14,015.96
    	
 
    	
3,961,930.52
    	
 
    
	
42
    	
 
    	
05/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,206.44
    	
 
    	
14,062.67
    	
 
    	
3,947,867.85
    	
 
    
	
43
    	
 
    	
06/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,159.56
    	
 
    	
14,109.55
    	
 
    	
3,933,758.30
    	
 
    
	
44
    	
 
    	
07/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,112.53
    	
 
    	
14,156.58
    	
 
    	
3,919,601.72
    	
 
    
	
45
    	
 
    	
08/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,065.34
    	
 
    	
14,203.77
    	
 
    	
3,905,397.95
    	
 
    
	
46
    	
 
    	
09/22/2014
    	
 
    	
27,269.11
    	
 
    	
13,017.99
    	
 
    	
14,251.12
    	
 
    	
3,891,146.83
    	
 
    
	
47
    	
 
    	
10/22/2014
    	
 
    	
27,269.11
    	
 
    	
12,970.49
    	
 
    	
14,298.62
    	
 
    	
3,876,848.21
    	
 
    
	
48
    	
 
    	
11/22/2014
    	
 
    	
27,269.11
    	
 
    	
12,922.83
    	
 
    	
14,346.28
    	
 
    	
3,862,501.93
    	
 
    
	
49
    	
 
    	
12/22/2014
    	
 
    	
27,269.11
    	
 
    	
12,875.01
    	
 
    	
14,394.10
    	
 
    	
3,848,107.83
    	
 
    
	
2014   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
157,621.58
    	
 
    	
169,607.74
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
50
    	
 
    	
01/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,827.03
    	
 
    	
14,442.08
    	
 
    	
3,833,665.75
    	
 
    
	
51
    	
 
    	
02/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,778.89
    	
 
    	
14,490.22
    	
 
    	
3,819,175.53
    	
 
    
	
52
    	
 
    	
03/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,730.59
    	
 
    	
14,538.52
    	
 
    	
3,804,637.01
    	
 
    
	
53
    	
 
    	
04/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,682.12
    	
 
    	
14,586.99
    	
 
    	
3,790,050.02
    	
 
    
	
54
    	
 
    	
05/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,633.50
    	
 
    	
14,635.61
    	
 
    	
3,775,414.41
    	
 
    
	
55
    	
 
    	
06/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,584.71
    	
 
    	
14,684.40
    	
 
    	
3,760,730.01
    	
 
    
	
56
    	
 
    	
07/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,535.77
    	
 
    	
14,733.34
    	
 
    	
3,745,996.67
    	
 
    
	
57
    	
 
    	
08/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,486.66
    	
 
    	
14,782.45
    	
 
    	
3,731,214.22
    	
 
    
	
58
    	
 
    	
09/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,437.38
    	
 
    	
14,831.73
    	
 
    	
3,716,382.49
    	
 
    
	
59
    	
 
    	
10/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,387.94
    	
 
    	
14,881.17
    	
 
    	
3,701,501.32
    	
 
    
	
60
    	
 
    	
11/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,338.34
    	
 
    	
14,930.77
    	
 
    	
3,686,570.55
    	
 
    
	
61
    	
 
    	
12/22/2015
    	
 
    	
27,269.11
    	
 
    	
12,288.57
    	
 
    	
14,980.54
    	
 
    	
3,671,590.01
    	
 
    
	
2015   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
150,711.50
    	
 
    	
176,517.82
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
62
    	
 
    	
01/22/2016
    	
 
    	
27,269.11
    	
 
    	
12,238.63
    	
 
    	
15,030.48
    	
 
    	
3,656,559.53
    	
 
    
	
63
    	
 
    	
02/22/2016
    	
 
    	
27,269.11
    	
 
    	
12,188.53
    	
 
    	
15,080.58
    	
 
    	
3,641,478.95
    	
 
    
	
64
    	
 
    	
03/22/2016
    	
 
    	
27,269.11
    	
 
    	
12,138.26
    	
 
    	
15,130.85
    	
 
    	
3,626,348.10
    	
 
    
	
65
    	
 
    	
04/22/2016
    	
 
    	
27,269.11
    	
 
    	
12,087.83
    	
 
    	
15,181.28
    	
 
    	
3,611,166.82
    	
 
    
	
66
    	
 
    	
05/22/2016
    	
 
    	
27,269.11
    	
 
    	
12,037.22
    	
 
    	
15,231.89
    	
 
    	
3,595,934.93
    	
 
    
	
67
    	
 
    	
06/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,986.45
    	
 
    	
15,282.66
    	
 
    	
3,580,652.27
    	
 
    
	
68
    	
 
    	
07/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,935.51
    	
 
    	
15,333.60
    	
 
    	
3,565,318.67
    	
 
    
	
69
    	
 
    	
08/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,884.40
    	
 
    	
15,384.71
    	
 
    	
3,549,933.96
    	
 
    
	
70
    	
 
    	
09/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,833.11
    	
 
    	
15,436.00
    	
 
    	
3,534,497.96
    	
 
    
	
71
    	
 
    	
10/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,781.66
    	
 
    	
15,487.45
    	
 
    	
3,519,010.51
    	
 
    
	
72
    	
 
    	
11/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,730.04
    	
 
    	
15,539.07
    	
 
    	
3,503,471.44
    	
 
    


 











 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
73
    	
 
    	
12/22/2016
    	
 
    	
27,269.11
    	
 
    	
11,678.24
    	
 
    	
15,590.87
    	
 
    	
3,487,880.57
    	
 
    
	
2016   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
143,519.88
    	
 
    	
183,709.44
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
74
    	
 
    	
01/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,626.27
    	
 
    	
15,642.84
    	
 
    	
3,472,237.73
    	
 
    
	
75
    	
 
    	
02/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,574.13
    	
 
    	
15,694.98
    	
 
    	
3,456,542.75
    	
 
    
	
76
    	
 
    	
03/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,521.81
    	
 
    	
15,747.30
    	
 
    	
3,440,795.45
    	
 
    
	
77
    	
 
    	
04/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,469.32
    	
 
    	
15,799.79
    	
 
    	
3,424,995.66
    	
 
    
	
78
    	
 
    	
05/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,416.65
    	
 
    	
15,852.46
    	
 
    	
3,409,143.20
    	
 
    
	
79
    	
 
    	
06/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,363.81
    	
 
    	
15,905.30
    	
 
    	
3,393,237.90
    	
 
    
	
80
    	
 
    	
07/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,310.79
    	
 
    	
15,958.32
    	
 
    	
3,377,279.58
    	
 
    
	
81
    	
 
    	
08/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,257.60
    	
 
    	
16,011.51
    	
 
    	
3,361,268.07
    	
 
    
	
82
    	
 
    	
09/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,204.23
    	
 
    	
16,064.88
    	
 
    	
3,345,203.19
    	
 
    
	
83
    	
 
    	
10/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,150.68
    	
 
    	
16,118.43
    	
 
    	
3,329,084.76
    	
 
    
	
84
    	
 
    	
11/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,096.95
    	
 
    	
16,172.16
    	
 
    	
3,312,912.60
    	
 
    
	
85
    	
 
    	
12/22/2017
    	
 
    	
27,269.11
    	
 
    	
11,043.04
    	
 
    	
16,226.07
    	
 
    	
3,296,686.53
    	
 
    
	
2017   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
136,035.28
    	
 
    	
191,194.04
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
86
    	
 
    	
01/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,988.96
    	
 
    	
16,280.15
    	
 
    	
3,280,406.38
    	
 
    
	
87
    	
 
    	
02/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,934.69
    	
 
    	
16,334.42
    	
 
    	
3,264,071.96
    	
 
    
	
88
    	
 
    	
03/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,880.24
    	
 
    	
16,388.87
    	
 
    	
3,247,683.09
    	
 
    
	
89
    	
 
    	
04/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,825.61
    	
 
    	
16,443.50
    	
 
    	
3,231,239.59
    	
 
    
	
90
    	
 
    	
05/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,770.80
    	
 
    	
16,498.31
    	
 
    	
3,214,741.28
    	
 
    
	
91
    	
 
    	
06/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,715.80
    	
 
    	
16,553.31
    	
 
    	
3,198,187.97
    	
 
    
	
92
    	
 
    	
07/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,660.63
    	
 
    	
16,608.48
    	
 
    	
3,181,579.49
    	
 
    
	
93
    	
 
    	
08/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,605.26
    	
 
    	
16,663.85
    	
 
    	
3.164,915.64
    	
 
    
	
94
    	
 
    	
09/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,549.72
    	
 
    	
16,719.39
    	
 
    	
3,148,196.25
    	
 
    
	
95
    	
 
    	
10/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,493.99
    	
 
    	
16,775.12
    	
 
    	
3,131,421.13
    	
 
    
	
96
    	
 
    	
11/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,438.07
    	
 
    	
16,831.04
    	
 
    	
3,114,590.09
    	
 
    
	
97
    	
 
    	
12/22/2018
    	
 
    	
27,269.11
    	
 
    	
10,381.97
    	
 
    	
16,887.14
    	
 
    	
3,097,702.95
    	
 
    
	
2018   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
128,245.74
    	
 
    	
198,983.58
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
98
    	
 
    	
01/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,325.68
    	
 
    	
16,943.43
    	
 
    	
3,080,759.52
    	
 
    
	
99
    	
 
    	
02/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,269.20
    	
 
    	
16,999.91
    	
 
    	
3,063,759.61
    	
 
    
	
100
    	
 
    	
03/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,212.53
    	
 
    	
17,056.58
    	
 
    	
3,046,703.03
    	
 
    
	
101
    	
 
    	
04/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,155.68
    	
 
    	
17,113.43
    	
 
    	
3,029,589.60
    	
 
    
	
102
    	
 
    	
05/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,098.63
    	
 
    	
17,170.48
    	
 
    	
3,012,419.12
    	
 
    
	
103
    	
 
    	
06/22/2019
    	
 
    	
27,269.11
    	
 
    	
10,041.40
    	
 
    	
17,227.71
    	
 
    	
2,995,191.41
    	
 
    
	
104
    	
 
    	
07/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,983.97
    	
 
    	
17,285.14
    	
 
    	
2,977,906.27
    	
 
    
	
105
    	
 
    	
08/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,926.35
    	
 
    	
17,342.76
    	
 
    	
2,960,563.51
    	
 
    
	
106
    	
 
    	
09/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,868.55
    	
 
    	
17,400.56
    	
 
    	
2,943,162.95
    	
 
    
	
107
    	
 
    	
10/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,810.54
    	
 
    	
17,458.57
    	
 
    	
2,925,704.38
    	
 
    
	
108
    	
 
    	
11/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,752.35
    	
 
    	
17,516.76
    	
 
    	
2,908,187.62
    	
 
    
	
109
    	
 
    	
12/22/2019
    	
 
    	
27,269.11
    	
 
    	
9,693.96
    	
 
    	
17,575.15
    	
 
    	
2,890,612.47
    	
 
    
	
2019   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
120,138.84
    	
 
    	
207,090.48
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
110
    	
 
    	
01/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,635.37
    	
 
    	
17,633.74
    	
 
    	
2,872,978.73
    	
 
    
	
111
    	
 
    	
02/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,576.60
    	
 
    	
17,692.51
    	
 
    	
2,855,286.22
    	
 
    
	
112
    	
 
    	
03/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,517.62
    	
 
    	
17,751.49
    	
 
    	
2,837,534.73
    	
 
    
	
113
    	
 
    	
04/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,458.45
    	
 
    	
17,810.66
    	
 
    	
2,819,724.07
    	
 
    


 









 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
114
    	
 
    	
05/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,399.08
    	
 
    	
17,870.03
    	
 
    	
2,801,854.04
    	
 
    
	
115
    	
 
    	
06/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,339.51
    	
 
    	
17,929.60
    	
 
    	
2,783,924.44
    	
 
    
	
116
    	
 
    	
07/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,279.75
    	
 
    	
17,989.36
    	
 
    	
2,765,935.08
    	
 
    
	
117
    	
 
    	
08/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,219.78
    	
 
    	
18,049.33
    	
 
    	
2,747,885.75
    	
 
    
	
118
    	
 
    	
09/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,159.62
    	
 
    	
18,109.49
    	
 
    	
2,729,776.26
    	
 
    
	
119
    	
 
    	
10/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,099.25
    	
 
    	
18,169.86
    	
 
    	
2,711,606.40
    	
 
    
	
120
    	
 
    	
11/22/2020
    	
 
    	
27,269.11
    	
 
    	
9,038.69
    	
 
    	
18,230.42
    	
 
    	
2,693,375.98
    	
 
    
	
121
    	
 
    	
12/22/2020
    	
 
    	
27,269.11
    	
 
    	
8,977.92
    	
 
    	
18,291.19
    	
 
    	
2,675,084.79
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2020 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
111,701.64
    	
 
    	
215,527.68
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
122
    	
 
    	
01/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,916.95
    	
 
    	
18,352.16
    	
 
    	
2,656,732.63
    	
 
    
	
123
    	
 
    	
02/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,855.78
    	
 
    	
18,413.33
    	
 
    	
2,638,319.30
    	
 
    
	
124
    	
 
    	
03/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,794.40
    	
 
    	
18,474.71
    	
 
    	
2,619,844.59
    	
 
    
	
125
    	
 
    	
04/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,732.82
    	
 
    	
18,536.29
    	
 
    	
2,601,308.30
    	
 
    
	
126
    	
 
    	
05/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,671.03
    	
 
    	
18,598.08
    	
 
    	
2,582,710.22
    	
 
    
	
127
    	
 
    	
06/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,609.03
    	
 
    	
18,660.08
    	
 
    	
2,564,050.14
    	
 
    
	
128
    	
 
    	
07/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,546.83
    	
 
    	
18,722.28
    	
 
    	
2,545,327.86
    	
 
    
	
129
    	
 
    	
08/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,484.43
    	
 
    	
18,784.68
    	
 
    	
2,526,543.18
    	
 
    
	
130
    	
 
    	
09/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,421.81
    	
 
    	
18,847.30
    	
 
    	
2,507,695.88
    	
 
    
	
131
    	
 
    	
10/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,358.99
    	
 
    	
18,910.12
    	
 
    	
2,488,785.76
    	
 
    
	
132
    	
 
    	
11/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,295.95
    	
 
    	
18,973.16
    	
 
    	
2,469,812.60
    	
 
    
	
133
    	
 
    	
12/22/2021
    	
 
    	
27,269.11
    	
 
    	
8,232.71
    	
 
    	
19,036.40
    	
 
    	
2,450,776.20
    	
 
    
	
2021 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
102,920.73
    	
 
    	
224,308.59
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
134
    	
 
    	
01/22/2022
    	
 
    	
27,269.11
    	
 
    	
8,169.25
    	
 
    	
19,099.86
    	
 
    	
2,431,676.34
    	
 
    
	
135
    	
 
    	
02/22/2022
    	
 
    	
27,269.11
    	
 
    	
8,105.59
    	
 
    	
19,163.52
    	
 
    	
2,412,512.82
    	
 
    
	
136
    	
 
    	
03/22/2022
    	
 
    	
27,269.11
    	
 
    	
8,041.71
    	
 
    	
19,227.40
    	
 
    	
2,393,285.42
    	
 
    
	
137
    	
 
    	
04/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,977.62
    	
 
    	
19,291.49
    	
 
    	
2,373,993.93
    	
 
    
	
138
    	
 
    	
05/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,913.31
    	
 
    	
19,355.80
    	
 
    	
2,354,638.13
    	
 
    
	
139
    	
 
    	
06/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,848.79
    	
 
    	
19,420.32
    	
 
    	
2,335,217.81
    	
 
    
	
140
    	
 
    	
07/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,784.06
    	
 
    	
19,485.05
    	
 
    	
2,315,732.76
    	
 
    
	
141
    	
 
    	
08/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,719.11
    	
 
    	
19,550.00
    	
 
    	
2,296,182.76
    	
 
    
	
142
    	
 
    	
09/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,653.94
    	
 
    	
19,615.17
    	
 
    	
2,276,567.59
    	
 
    
	
143
    	
 
    	
10/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,588.56
    	
 
    	
19,680.55
    	
 
    	
2,256,887.04
    	
 
    
	
144
    	
 
    	
11/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,522.96
    	
 
    	
19,746.15
    	
 
    	
2,237,140.89
    	
 
    
	
145
    	
 
    	
12/22/2022
    	
 
    	
27,269.11
    	
 
    	
7,457.14
    	
 
    	
19,811.97
    	
 
    	
2,217,328.92
    	
 
    
	
2022 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
93,782.04
    	
 
    	
233,447.28
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
146
    	
 
    	
01/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,391.10
    	
 
    	
19,878.01
    	
 
    	
2,197,450.91
    	
 
    
	
147
    	
 
    	
02/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,324.84
    	
 
    	
19,944.27
    	
 
    	
2,177,506.64
    	
 
    
	
148
    	
 
    	
03/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,258.36
    	
 
    	
20,010.75
    	
 
    	
2,157,495.89
    	
 
    
	
149
    	
 
    	
04/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,191.65
    	
 
    	
20,077.46
    	
 
    	
2,137,418.43
    	
 
    
	
150
    	
 
    	
05/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,124.73
    	
 
    	
20,144.38
    	
 
    	
2,117,274.05
    	
 
    
	
151
    	
 
    	
06/22/2023
    	
 
    	
27,269.11
    	
 
    	
7,057.58
    	
 
    	
20,211.53
    	
 
    	
2,097,062.52
    	
 
    
	
152
    	
 
    	
07/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,990.21
    	
 
    	
20,278.90
    	
 
    	
2,076,783.62
    	
 
    
	
153
    	
 
    	
08/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,922.61
    	
 
    	
20,346.50
    	
 
    	
2,056,437.12
    	
 
    
	
154
    	
 
    	
09/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,854.79
    	
 
    	
20,414.32
    	
 
    	
2,036,022.80
    	
 
    
	
155
    	
 
    	
10/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,786.74
    	
 
    	
20,482.37
    	
 
    	
2,015,540.43
    	
 
    
	
156
    	
 
    	
11/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,718.47
    	
 
    	
20,550.64
    	
 
    	
1,994,989.79
    	
 
    


 











 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
157
    	
 
    	
12/22/2023
    	
 
    	
27,269.11
    	
 
    	
6,649.97
    	
 
    	
20,619.14
    	
 
    	
1,974,370.65
    	
 
    
	
2023 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
84,271.05
    	
 
    	
242,958.27
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
158
    	
 
    	
01/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,581.24
    	
 
    	
20,687.87
    	
 
    	
1,953,682.78
    	
 
    
	
159
    	
 
    	
02/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,512.28
    	
 
    	
20,756.83
    	
 
    	
1,932,925.95
    	
 
    
	
160
    	
 
    	
03/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,443.09
    	
 
    	
20,826.02
    	
 
    	
1,912,099.93
    	
 
    
	
161
    	
 
    	
04/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,373.67
    	
 
    	
20,895.44
    	
 
    	
1,891,204.49
    	
 
    
	
162
    	
 
    	
05/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,304.01
    	
 
    	
20,965.10
    	
 
    	
1,870,239.39
    	
 
    
	
163
    	
 
    	
06/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,234.13
    	
 
    	
21,034.98
    	
 
    	
1,849,204.41
    	
 
    
	
164
    	
 
    	
07/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,164.01
    	
 
    	
21,105.10
    	
 
    	
1,828,099.31
    	
 
    
	
165
    	
 
    	
08/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,093.66
    	
 
    	
21,175.45
    	
 
    	
1,806,923.86
    	
 
    
	
166
    	
 
    	
09/22/2024
    	
 
    	
27,269.11
    	
 
    	
6,023.08
    	
 
    	
21,246.03
    	
 
    	
1,785,677.83
    	
 
    
	
167
    	
 
    	
10/22/2024
    	
 
    	
27,269.11
    	
 
    	
5,952.26
    	
 
    	
21,316.85
    	
 
    	
1,764,360.98
    	
 
    
	
168
    	
 
    	
11/22/2024
    	
 
    	
27,269.11
    	
 
    	
5,881.20
    	
 
    	
21,387.91
    	
 
    	
1,742,973.07
    	
 
    
	
169
    	
 
    	
12/22/2024
    	
 
    	
27,269.11
    	
 
    	
5,809.91
    	
 
    	
21,459.20
    	
 
    	
1,721,513.87
    	
 
    
	
2024 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
74,372.54
    	
 
    	
252,856.78
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
170
    	
 
    	
01/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,738.38
    	
 
    	
21,530.73
    	
 
    	
1,699,983.14
    	
 
    
	
171
    	
 
    	
02/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,666.61
    	
 
    	
21,602.50
    	
 
    	
1,678,380.64
    	
 
    
	
172
    	
 
    	
03/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,594.60
    	
 
    	
21,674.51
    	
 
    	
1,656,706.13
    	
 
    
	
173
    	
 
    	
04/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,522.35
    	
 
    	
21,746.76
    	
 
    	
1,634,959.37
    	
 
    
	
174
    	
 
    	
05/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,449.86
    	
 
    	
21,819.25
    	
 
    	
1,613,140.12
    	
 
    
	
175
    	
 
    	
06/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,377.13
    	
 
    	
21,891.98
    	
 
    	
1,591,248.14
    	
 
    
	
176
    	
 
    	
07/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,304.16
    	
 
    	
21,964.95
    	
 
    	
1,569,283.19
    	
 
    
	
177
    	
 
    	
08/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,230.94
    	
 
    	
22,038.17
    	
 
    	
1,547,245.02
    	
 
    
	
178
    	
 
    	
09/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,157.48
    	
 
    	
22,111.63
    	
 
    	
1,525,133.39
    	
 
    
	
179
    	
 
    	
10/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,083.78
    	
 
    	
22,185.33
    	
 
    	
1,502,948.06
    	
 
    
	
180
    	
 
    	
11/22/2025
    	
 
    	
27,269.11
    	
 
    	
5,009.83
    	
 
    	
22,259.28
    	
 
    	
1,480,688.78
    	
 
    
	
181
    	
 
    	
12/22/2025
    	
 
    	
27,269.11
    	
 
    	
4,935.63
    	
 
    	
22,333.48
    	
 
    	
1,458,355.30
    	
 
    
	
2025 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
64,070.75
    	
 
    	
263,158.57
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
182
    	
 
    	
01/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,861.18
    	
 
    	
22,407.93
    	
 
    	
1,435,947.37
    	
 
    
	
183
    	
 
    	
02/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,786.49
    	
 
    	
22,482.62
    	
 
    	
1,413,464.75
    	
 
    
	
184
    	
 
    	
03/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,711.55
    	
 
    	
22,557.56
    	
 
    	
1,390,907.19
    	
 
    
	
185
    	
 
    	
04/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,636.36
    	
 
    	
22,632.75
    	
 
    	
1,368,274.44
    	
 
    
	
186
    	
 
    	
05/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,560.91
    	
 
    	
22,708.20
    	
 
    	
1,345,566.24
    	
 
    
	
187
    	
 
    	
06/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,485.22
    	
 
    	
22,783.89
    	
 
    	
1,322,782.35
    	
 
    
	
188
    	
 
    	
07/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,409.27
    	
 
    	
22,859.84
    	
 
    	
1,299,922.51
    	
 
    
	
189
    	
 
    	
08/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,333.08
    	
 
    	
22,936.03
    	
 
    	
1,276,986.48
    	
 
    
	
190
    	
 
    	
09/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,256.62
    	
 
    	
23,012.49
    	
 
    	
1,253,973.99
    	
 
    
	
191
    	
 
    	
10/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,179.91
    	
 
    	
23,089.20
    	
 
    	
1,230,884.79
    	
 
    
	
192
    	
 
    	
11/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,102.95
    	
 
    	
23,166.16
    	
 
    	
1,207,718.63
    	
 
    
	
193
    	
 
    	
12/22/2026
    	
 
    	
27,269.11
    	
 
    	
4,025.73
    	
 
    	
23,243.38
    	
 
    	
1,184,475.25
    	
 
    
	
2026 Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
53,349.27
    	
 
    	
273,880.05
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
194
    	
 
    	
01/22/2027
    	
 
    	
27,269.11
    	
 
    	
3,948.25
    	
 
    	
23,320.86
    	
 
    	
1,161,154.39
    	
 
    
	
195
    	
 
    	
02/22/2027
    	
 
    	
27,269.11
    	
 
    	
3,870.51
    	
 
    	
23,398.60
    	
 
    	
1,137,755.79
    	
 
    
	
196
    	
 
    	
03/22/2027
    	
 
    	
27,269.11
    	
 
    	
3,792.52
    	
 
    	
23,476.59
    	
 
    	
1,114,279.20
    	
 
    
	
197
    	
 
    	
04/22/2027
    	
 
    	
27,269.11
    	
 
    	
3,714.26
    	
 
    	
23,554.85
    	
 
    	
1,090,724.35
    	
 
    


 











 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
198
    	
 
    	
05/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,635.75
    	
 
    	
23,633.36
    	
 
    	
1,067,090.99
    	
 
    
	
199
    	
 
    	
06/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,556.97
    	
 
    	
23,712.14
    	
 
    	
1,043,378.85
    	
 
    
	
200
    	
 
    	
07/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,477.93
    	
 
    	
23,791.18
    	
 
    	
1,019,587.67
    	
 
    
	
201
    	
 
    	
08/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,398.63
    	
 
    	
23,870.48
    	
 
    	
995,717.19
    	
 
    
	
202
    	
 
    	
09/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,319.06
    	
 
    	
23,950.05
    	
 
    	
971,767.14
    	
 
    
	
203
    	
 
    	
10/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,239.22
    	
 
    	
24,029.89
    	
 
    	
947,737.25
    	
 
    
	
204
    	
 
    	
11/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,159.12
    	
 
    	
24,109.99
    	
 
    	
923,627.26
    	
 
    
	
205
    	
 
    	
12/22/2027   
    	
 
    	
27,269.11
    	
 
    	
3,078.76
    	
 
    	
24,190.35
    	
 
    	
899,436.91
    	
 
    
	
2027   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
42,190.98
    	
 
    	
285,038.34
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
206
    	
 
    	
01/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,998.12
    	
 
    	
24,270.99
    	
 
    	
875,165.92
    	
 
    
	
207
    	
 
    	
02/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,917.22
    	
 
    	
24,351.89
    	
 
    	
850,814.03
    	
 
    
	
208
    	
 
    	
03/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,836.05
    	
 
    	
24,433,06
    	
 
    	
826,380.97
    	
 
    
	
209
    	
 
    	
04/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,754.60
    	
 
    	
24,514.51
    	
 
    	
801,866.46
    	
 
    
	
210
    	
 
    	
05/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,672.89
    	
 
    	
24,596.22
    	
 
    	
777,270.24
    	
 
    
	
211
    	
 
    	
06/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,590.90
    	
 
    	
24,678.21
    	
 
    	
752,592.03
    	
 
    
	
212
    	
 
    	
07/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,508.64
    	
 
    	
24,760.47
    	
 
    	
727,831.56
    	
 
    
	
213
    	
 
    	
08/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,426.11
    	
 
    	
24,843.00
    	
 
    	
702,988.56
    	
 
    
	
214
    	
 
    	
09/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,343.30
    	
 
    	
24,925.81
    	
 
    	
678,062.75
    	
 
    
	
215
    	
 
    	
10/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,260.21
    	
 
    	
25,008.90
    	
 
    	
653,053.85
    	
 
    
	
216
    	
 
    	
11/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,176.85
    	
 
    	
25,092.26
    	
 
    	
627,961.59
    	
 
    
	
217
    	
 
    	
12/22/2028   
    	
 
    	
27,269.11
    	
 
    	
2,093.21
    	
 
    	
25,175.90
    	
 
    	
602,785.69
    	
 
    
	
2028   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
30,578.10
    	
 
    	
296,651.22
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
218
    	
 
    	
01/22/2029   
    	
 
    	
27,269.11
    	
 
    	
2,009.29
    	
 
    	
25,259.82
    	
 
    	
577,525.87
    	
 
    
	
219
    	
 
    	
02/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,925.09
    	
 
    	
25,344.02
    	
 
    	
552,181.85
    	
 
    
	
220
    	
 
    	
03/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,840.61
    	
 
    	
25,428.50
    	
 
    	
526,753.35
    	
 
    
	
221
    	
 
    	
04/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,755.84
    	
 
    	
25,513.27
    	
 
    	
501,240.08
    	
 
    
	
222
    	
 
    	
05/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,670.80
    	
 
    	
25,598.31
    	
 
    	
475,641.77
    	
 
    
	
223
    	
 
    	
06/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1.585.47
    	
 
    	
25,683.64
    	
 
    	
449,958.13
    	
 
    
	
224
    	
 
    	
07/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,499.86
    	
 
    	
25,769.25
    	
 
    	
424,188.88
    	
 
    
	
225
    	
 
    	
08/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,413.96
    	
 
    	
25,855.15
    	
 
    	
398,333.73
    	
 
    
	
226
    	
 
    	
09/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,327.78
    	
 
    	
25,941.33
    	
 
    	
372,392.40
    	
 
    
	
227
    	
 
    	
10/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,241.31
    	
 
    	
26,027.80
    	
 
    	
346,364.60
    	
 
    
	
228
    	
 
    	
11/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,154.55
    	
 
    	
26,114.56
    	
 
    	
320,250.04
    	
 
    
	
229
    	
 
    	
12/22/2029   
    	
 
    	
27,269.11
    	
 
    	
1,067.50
    	
 
    	
26,201.61
    	
 
    	
294,048.43
    	
 
    
	
2029   Totals
    	
 
    	
 
    	
 
    	
327,229.32
    	
 
    	
18,492.06
    	
 
    	
308,737.26
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
230
    	
 
    	
01/22/2030   
    	
 
    	
27,269.11
    	
 
    	
980.16
    	
 
    	
26,288.95
    	
 
    	
267,759.48
    	
 
    
	
231
    	
 
    	
02/22/2030   
    	
 
    	
27,269.11
    	
 
    	
892.53
    	
 
    	
26,376.58
    	
 
    	
241,382.90
    	
 
    
	
232
    	
 
    	
03/22/2030   
    	
 
    	
27,269.11
    	
 
    	
804.61
    	
 
    	
26,464.50
    	
 
    	
214,918.40
    	
 
    
	
233
    	
 
    	
04/22/2030   
    	
 
    	
27,269.11
    	
 
    	
716.39
    	
 
    	
26,552.72
    	
 
    	
188,365.68
    	
 
    
	
234
    	
 
    	
05/22/2030   
    	
 
    	
27,269.11
    	
 
    	
627.89
    	
 
    	
26,641.22
    	
 
    	
161,724.46
    	
 
    
	
235
    	
 
    	
06/22/2030   
    	
 
    	
27,269.11
    	
 
    	
539.08
    	
 
    	
26,730.03
    	
 
    	
134,994.43
    	
 
    
	
236
    	
 
    	
07/22/2030   
    	
 
    	
27,269.11
    	
 
    	
449.98
    	
 
    	
26,819.13
    	
 
    	
108,175.30
    	
 
    
	
237
    	
 
    	
08/22/2030   
    	
 
    	
27,269.11
    	
 
    	
360.58
    	
 
    	
26,908.53
    	
 
    	
81,266.77
    	
 
    
	
238
    	
 
    	
09/22/2030   
    	
 
    	
27,269.11
    	
 
    	
270.89
    	
 
    	
26,998.22
    	
 
    	
54,268.55
    	
 
    
	
239
    	
 
    	
10/22/2030   
    	
 
    	
27,269.11
    	
 
    	
180.90
    	
 
    	
27,088.21
    	
 
    	
27,180.34
    	
 
    
	
240
    	
 
    	
11/22/2030   
    	
 
    	
27,269.11
    	
 
    	
88.77
    	
 
    	
27,180.34
    	
 
    	
0.00
    	
 
    


 











 

Wildcat Ski Area Acquisition Note

 

	
 
    	
 
    	
Date
    	
 
    	
Payment
    	
 
    	
Interest
    	
 
    	
Principal
    	
 
    	
Balance
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2030 Totals 
    	
 
    	
 
    	
 
    	
299,960.21
    	
 
    	
5,911.78
    	
 
    	
294,048.43
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Grand Totals 
    	
 
    	
 
    	
 
    	
6,544,586.40
    	
 
    	
2,044,586.40
    	
 
    	
4,500,000.00
    	
 
    	
 
    	
 
    


 

Last interest amount decreased by 1.83 due to rounding.