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EXHIBIT D <br />ENZYME RESEARCH LABORATORIES <br />5 year Personal Property Abatement Schedule <br />Total Estimated Equipment Cost: $ 800,000 <br />Assume Constant rate of: 4.6250% (Based on 2004 rate) <br />100% <br />Year <br />TTV <br />TTV% (Year1 -5) <br />Assessed <br />Value <br />Tax <br />Rate <br />Tax <br />Abated <br />Tax <br />Paid <br />1 <br />40% 320,000 <br />320,000 <br />$ <br />14,800 <br />$ <br />14,800 <br />$ <br />- <br />100% <br />2 <br />56% 448,000 <br />448,000 <br />$ <br />20,720 <br />$ <br />11,840 <br />$ <br />8,880 <br />80% <br />3 <br />42% 336,000 <br />336,000 <br />$ <br />15,540 <br />$ <br />8,880 <br />$ <br />6,660 <br />60% <br />4 <br />32% 256,000 <br />256,000 <br />$ <br />11,840 <br />$ <br />5,920 <br />$ <br />5,920 <br />40% <br />5 <br />24% 192,000 <br />192,000 <br />$ <br />8,880 <br />$ <br />2,960 <br />$ <br />5,920 <br />20% <br />$ <br />71,780 <br />$ <br />44,400 <br />$ <br />27,380 <br />Without Abatement: <br />$ 71,780 <br />With Abatement: <br />$ 27,380 <br />Amount Abated: <br />$ 44,400 <br />�('§ olffice <br />Fil ed In <br />DEC 1 9 2D6 <br />JOHNVSOpBE D IN. <br />CIN CLERK, <br />Page 1 <br />