Document:

entl-ex1018_853.htm

 

Exhibit 10.18

Entellus Medical, Inc.

Non-Employee Director Compensation Program

Effective December 7, 2016

This Entellus Medical, Inc. (the “Company”) Non-Employee Director Compensation Program (this “Program”) for non-employee directors (the “Directors”) of the board of directors of the Company (the “Board”) shall be effective on the date set forth above (the “Effective Date”).  Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Entellus Medical, Inc. 2015 Incentive Award Plan (the “Plan”).

Cash Compensation

Effective upon the Effective Date, Directors will become entitled to receive annual retainers in the following amounts, pro-rated for any partial year of service:

 

					
	
Director:
	
 
	
$
	
35,000
	
 

	
Chairman:
	
 
	
$
	
40,000
	
 

	
Chair of Audit Committee:
	
 
	
$
	
20,000
	
 

	
Chair of Compensation Committee:
	
 
	
$
	
15,000
	
 

	
Chair of Nominating and Corporate Governance Committee:
	
 
	
$
	
10,000
	
 

	
Audit Committee Member (Non-Chair):
	
 
	
$
	
10,000
	
 

	
Compensation Committee Member (Non-Chair):
	
 
	
$
	
7,500
	
 

	
Nominating and Corporate Governance Committee (Non-Chair):
	
 
	
$
	
5,000
	
 

 

All annual retainers will be paid in cash quarterly in arrears promptly following the end of the applicable calendar quarter, but in no event more than thirty (30) days after the end of such quarter.

Equity Compensation

 

		
	
Initial Stock Option Grant:
	
Each Director who is initially elected or appointed to serve on the Board upon or after the Effective Date is hereby granted an Option to purchase 7,500 Shares under the Plan or any other applicable Company equity incentive plan then-maintained by the Company (the “Initial Option”).  

The Initial Option is hereby granted on the date on which such Director is initially elected or appointed to serve on the Board (the “Election Date”), and shall vest with respect to 1/12th  of the Shares subject thereto on each quarterly anniversary of the applicable Election Date occurring over the three-year period immediately following the applicable Election Date, subject to continued service through the applicable vesting date.  

	
 
	
 

 

 OC\1897124.2

 

		
	
 
	
Each Initial Option shall have an exercise price per Share equal to the Fair Market Value of a Share on the applicable Election Date.

	
 
	
 

	
Initial Restricted Stock Unit Grant:
	
Each Director who is initially elected or appointed to serve on the Board upon or after the Effective Date is hereby granted a Restricted Stock Unit of 3,750 Shares under the Plan or any other applicable Company equity incentive plan then-maintained by the Company (the “Initial RSU”).  

The Initial RSU is hereby granted on the Election Date, and shall vest with respect to one-third of the Shares subject thereto on the one-year, two-year and three-year anniversary of the applicable Election Date, subject to continued service through the applicable vesting date.  

	
 
	
 

	
Annual Stock Option Grant:
	
Each Director serving on the Board as of the date of each annual shareholder meeting of the Company (each, an “Annual Meeting”) shall be granted an Option to purchase 5,000 shares of Common Stock under the Plan or any other applicable Company equity incentive plan then-maintained by the Company (the “Annual Option”).  

The Annual Option will be granted on the date of the applicable Annual Meeting, and will vest in full on the earlier to occur of (i) the first anniversary of the date of grant and (ii) the date of the Annual Meeting immediately following the date of grant, subject in each case to continued service through the applicable vesting date.

Each Annual Option shall have an exercise price per Share equal to the Fair Market Value of a Share on the date of the applicable Annual Meeting.

	
 
	
 

	
Annual Restricted Stock Unit Grant:
	
Each Director serving on the Board as of the date of each Annual Meeting shall be granted a Restricted Stock Unit of 2,500 Shares under the Plan or any other applicable Company equity incentive plan then-maintained by the Company (the “Annual RSU”).  

The Annual RSU will be granted on the date of the applicable Annual Meeting, and will vest in full on the earlier to occur of (i) the first anniversary of the date of grant and (ii) the date of the Annual Meeting immediately following the date of grant, subject in each case to continued service through the applicable vesting date.  

 

 

 

 

 OC\1897124.2

 

Miscellaneous

Each Initial Option and each Annual Option shall be a Non-Qualified Stock Option and shall have a maximum term of ten years from the applicable date of grant.  All applicable terms of the Plan apply to this Program as if fully set forth herein, and all grants of Options and Restricted Stock Units are hereby subject in all respect to the terms of the Plan.  The grant of any Option or Restricted Stock Unit under this Program shall be made solely by and subject to the terms set forth in a written Award Agreement in a form approved by the Board and duly executed by an executive officer of the Company.

Effectiveness, Amendment, Modification and Termination

This Program shall become effective upon the Effective Date.  This Program may be amended, modified or terminated by the Board in the future at its sole discretion.  No Director shall have any rights hereunder, except with respect to any Options or Restricted Stock Units actually granted pursuant to the Program.  

 

	
OC\1897124.2entl-ex1025_1354.htm

 

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]