SCHEDULE OF PAYMENT DUE DATES

Paragraph 6 of SBA Form 1086 (version 6-88 and 1-94) states that payments are due at the FTA on the third calendar day of the month, or the next business day if the third is not a business day. The SBA allows a grace period of two business days after the due date. If FTA receives a regularly scheduled payment after the expiration of the grace period, a Late Penalty is assessed (subject to a maximum of $5,000.00). Paragraph 6(c) of SBA Form 1086 describes the components of the Late Penalty. Lenders are billed for Late Penalties at the end of each month. Late Penalties are due to Colson Services with the Lender's next monthly remittance.

Below is a schedule of final due dates for regularly scheduled payments. Payments received after the due date will be subject to the Late Penalty.

2009   January 7th   February 5th   March 5th   April 7th   May 6th   June 5th   July 7th   August 5th   September 8th   October 7th   November 5th   December 7th

2008   January 7th   February 6th   March 5th   April 7th   May 7th   June 5th   July 8th   August 6th   September 5th   October 7th   November 5th   December 5th

Questions concerning Late Penalties should be directed to Larry Packer on (718) 315-5102 or by e-mail at latepenalty@colsonservices.com.

Source: SBA