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Tax Abatement Schedule prepared for: <br />VALUE PRODUCTION, INC. <br />Soufh Bend German 5 Year Personal Property Abatement Schedule* <br />Total estimated Equipment Cost: $500,000 <br />Assume constant tax rate of: 5.1376 <br />Assume constant SRTC rate of: 7.0636 <br /> TTV Assessed Gross Less Net Percent Tax <br />Year TTV% (Year 1-5) Value Tax SRTC Tax Abated Abated <br />1 40% 200,000 200,000 $10,275 726 $9,549 100% $9,549 <br />2 56% 280,000 280,000 $14,385 1,016 $13,369 80% $10,695 <br />3 42% 210,000 210,000 $10,789 762 $10,027 60% $6,016 <br />4 32% 160,000 160,000 $8,220 581 $7,639 40% $3,056 <br />5 24% 120,000 120,000 $6,165 435 $5,730 20% $1,146 <br /> $49,834 3,520 $46,314 $30,462 <br /> Total Taxes Due During Abatement: $46,314 <br /> Total Taxes Abated Duri ng Abateme nt: $30,462 <br /> Total Taxes Paid During Abatement: $15,852 <br />10/6/2006 <br />Tax <br />Paid <br />$0 <br />$2,674 <br />$4,011 <br />$4,584 <br />$4,584 <br />$15,852 <br />-This schedule is for estimation purposes only and assumes constant tax rates. <br />The true tax values will ulimately be determined by the actual <br />assessed valuation and the then current tax rates. <br />