Spreadsheet: richard_sanders__31751__Ice Drilling Default Int
Sheet: Can $ Only-Bankruptcy

ICE DRILLING
Interest Income Calculation
 |  |  |  |  |  |  | Interest on Outstanding |  |  | Principal |  |  | Outstanding Principal
 |  | Rate | of Rate |  | Applicable | Total | Principal and | 0.1 | 0.9 | Addt'l Borrowing | Cash | Overdue Interest | and Overdue Interest | Outstanding
Month | Days | Type | Used | Rate | Margin | Rate* | Overdue Interest | Withholding Tax | Cash Due | (Repayment) | Received | (Repayment) | (not capitalized) | Principal
Initial funding 07/02/98 |  |  |  |  |  |  |  |  |  | 6321000 |  |  |  | 6321000
07/02/98-07/22/98 | 21 | ER | 1998-03-19 00:00:00 | 0.099 | 0.0625
07/23/98-07/31/98 | 9 |  |  | 0.099 |  |  |  |  |  | 1000000
July interest
08/01/98-08/11/98 | 11 |  |  | 0.099
08/12/98-08/31/98 | 20 |  |  | 0.099 |  |  |  |  |  | 1000000
August interest
9/1/98-9/17/98 | 17 |  |  | 0.099
9/18/98-9/30/98 | 13 |  |  | 0.099 |  |  |  |  |  | 2649000
September interest
10/1/98-10/27/98 | 27 |  |  | 0.099
10/28/98-10/31/98 | 4 |  |  | 0.099 |  |  |  |  |  | 1000000
October interest
11/1/98-11/30/98 | 30 |  |  | 0.099
November interest | 30
12/1/98-12/3/98 | 3 |  |  | 0.099
12/4/98-12/20/98 | 17 |  |  | 0.099 |  |  |  |  |  | 1700000
12/21/98-12/31/98 | 11 |  |  | 0.099 |  |  |  |  |  | 1000000
December interest
1/1/99-1/31/99 | 31 |  |  | 0.099
January interest
2/1/99-2/28/99 | 28 |  |  | 0.099
February interest |  |  |  |  |  |  |  |  |  |  | 0
3/1/99-3/31/99 | 31 |  |  | 0.099
March interest |  |  |  |  |  |  |  |  |  |  | 0
4/1/99-4/30/99 | 30 |  |  | 0.099
April interest |  |  |  |  |  |  |  |  |  |  | 0
5/1/99-5/31/99 | 31 |  |  | 0.099
May Interest | 31 |  |  |  |  |  |  |  |  |  | 0
6/1/99-6/30/99 | 30 |  |  | 0.099
June Interest |  |  |  |  |  |  |  |  |  |  | 0
7/1/99-7/31/99 | 31 |  |  | 0.099
July interest | 31 |  |  |  |  |  |  |  |  |  | 0
8/1/99-8/8/99 | 8 |  |  | 0.099
8/9/99 Payment |  |  |  |  |  |  |  |  |  | -14005547.11 | 0
8/9/99-8/31/99 | 23 |  |  | 0.099
August interest |  |  |  |  |  |  |  |  |  |  | 0
9/1/99-9/21/99 | 21 |  |  | 0.099
9/22/99 Payment |  |  |  |  |  |  |  |  |  |  | 0
9/22/99-9/30/99 | 9 |  |  | 0.099
September interest |  |  |  |  |  |  |  |  |  |  | 0
10/1/99-10/31/99 | 31 |  |  | 0.099
October interest |  |  |  |  |  |  |  |  |  |  | 0
11/1/99-11/30/99 | 30 |  |  | 0.099
November interest |  |  |  |  |  |  |  |  |  |  | 0
12/1/99-12/31/99 | 31 |  |  | 0.099
December interest |  |  |  |  |  |  |  |  |  |  | 0
1/1/00-1/31/00 | 31 |  |  | 0.099
January interest |  |  |  |  |  |  |  |  |  |  | 0
2/1/00-2/29/00 | 29 |  |  | 0.099
February interest |  |  |  |  |  |  |  |  |  |  | 0
3/1/00-3/31/00 | 31 |  |  | 0.099
March interest |  |  |  |  |  |  |  |  |  |  | 0
4/1/00-4/30/00 | 30 |  |  | 0.099
April interest |  |  |  |  |  |  |  |  |  |  | 0
5/1/00-5/31/00 | 31 |  |  | 0.099
May interest |  |  |  |  |  |  |  |  |  |  | 0
6/1/00-6/30/00 | 30 |  |  | 0.099
June interest |  |  |  |  |  |  |  |  |  |  | 0
7/1/00-7/31/00 | 31 |  |  | 0.099
July interest |  |  |  |  |  |  |  |  |  |  | 0
8/1/00-8/31/00 | 31 |  |  | 0.099
August interest |  |  |  |  |  |  |  |  |  |  | 0
9/1/00-9/30/00 | 30 |  |  | 0.099
September interest |  |  |  |  |  |  |  |  |  |  | 0
10/1/00-10/31/00 | 31 |  |  | 0.099
October interest |  |  |  |  |  |  |  |  |  |  | 0