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THE FRANCHISE OPPORTUNITY
 THE FRANCHISE OPPORTUNITY
 THE FRANCHISE OPPORTUNITY
 THE FRANCHISE OPPORTUNITY
 THE FRANCHISE OPPORTUNITY
 THE FRANCHISE OPPORTUNITY
                                                                                                                                                                                                                                                                                             HOW TO SUCCESSFULLY OPEN
                                                                                                                                                                                                                                                                                          HOW TO SUCCESSFULLY OPEN
                                                                                                                                                                                                                                                                                      HOW TO SUCCESSFULLY OPEN
                                                                                                                                                                                                                                                                                   HOW TO SUCCESSFULLY OPEN
                                                                                                                                                                                                           MEMBER Benefits
                                                                                                               Franchisee Benefits
                         Franchisee:
                                                                                                            Franchisee Benefits
                      Franchisee:
                                                                                                                                                                                                        MEMBER Benefits

                                                                                                                                                                                                                                                                                                  1. Real Estate:

                                                                                                                                                                                                                                                                                              1. Real Estate:
 Thank you for considering Eat The Frog Fitness franchise opportunity.
 Thank you for considering Eat The Frog Fitness franchise opportunity.Thank you for considering Eat The Frog Fitness franchise opportunity.Thank you for considering Eat The Frog Fitness franchise opportunity.Thank you for considering Eat The Frog Fitness franchise opportunity.  1. Real Estate: 1. Real Estate: 1. Real Estate: 1. Real Estat
 Thank you for considering Eat The Frog Fitness franchise opportunity.
 Franchising involves people, processes, and systems. Each is reliant Franchising involves people, processes, and systems. Each is reliant Franchising involves people, processes, and systems. Each is reliant Franchising involves people, processes, and systems. Each is reliant   Franchisee:Franchisee:Franchisee:Franchisee:  Franchisee Bene
 Franchising involves people, processes, and systems. Each is reliant
 Franchising involves people, processes, and systems. Each is reliant


                                                                                                                                                                                                                                                                                                     Finding the best location at the best price is
                                                                                                                                                                                                                                                                                                 Finding the best location at the best price is your
 upon the other and incorporates thought and time. Integrity, compatibility,
 upon the other and incorporates thought and time. Integrity, compatibility,upon the other and incorporates thought and time. Integrity, compatibility,upon the other and incorporates thought and time. Integrity, compatibility,upon the other and incorporates thought and time. Integrity, compatibility,  have an opportunity to work with our
 upon the other and incorporates thought and time. Integrity, compatibility,
                                                                                                                                                                                                                                                                                                     have an opportunity to work with our master bro
                                                                                                                                                                                                                                                                                                 have an opportunity to work with our master brokera
 business experiences, and financial strength all play an important partbusiness experiences, and financial strength all play an important partbusiness experiences, and financial strength all play an important partbusiness experiences, and financial strength all play an important part  whose sole focus is you and your Eat the Frog Fitness
 business experiences, and financial strength all play an important part
 business experiences, and financial strength all play an important part
                                                                                                                                                                                                                                                                                                     whose sole focus is you and your Eat the Frog F





                                                                                                                                                                                                                                                                                                 whose sole focus is you and your Eat the Frog Fitne

 in awarding a franchise license.  Below is a checkbox process that will
 in awarding a franchise license.  Below is a checkbox process that will in awarding a franchise license.  Below is a checkbox process that will in awarding a franchise license.  Below is a checkbox process that will in awarding a franchise license.  Below is a checkbox process that will   This is just one piece of our secret recipe for s
 in awarding a franchise license.  Below is a checkbox process that will
                                                                                                                                                                                                                                                                                                     This is just one piece of our secret recipe for
                                                                                                                                                                                                                                                                                                 This is just one piece of our secret recipe for suc
                         Franchisees purchase a desired number of fr
                      Franchisees purchase a desired number of franchise
 find assisting you through your due diligence. This is not intended to be
 find assisting you through your due diligence. This is not intended to befind assisting you through your due diligence. This is not intended to befind assisting you through your due diligence. This is not intended to befind assisting you through your due diligence. This is not intended to be  Franchisees purchase a desired number of fran
 find assisting you through your due diligence. This is not intended to be
                                                                                                                                                                                                                                                                                                     franchising companies do not provide.
                                                                                                                                                                                                                                                                                                 franchising companies do not provide.
                         licenses by paying a franchise fee for each. It is highly
                      licenses by paying a franchise fee for each. It is highly
 inclusive of all your due diligence but covers some of the basics processes.inclusive of all your due diligence but covers some of the basics processes.inclusive of all your due diligence but covers some of the basics processes.inclusive of all your due diligence but covers some of the basics processes.  licenses by paying a franchise fe
 inclusive of all your due diligence but covers some of the basics processes.
 inclusive of all your due diligence but covers some of the basics processes.
                                                                                                                          Live & Virtual Training options
                                                                                                                                                                                                                Pre & Post fitness evalua
                         recommended for franchisees to purchase multiple

       recommended for franchisees to purchase multiplerecommended for franchisees to purchase multiplerecommended for franchisees to purchase multiplerecommended for franchisees to purchase multiple  Live & Virtual Training optionsLive & Virtual Training optionsLive & Virtual Training optionsLive & Virtual Training options  Pre & Post fi

                                                                                                                                                                                                             Pre & Post fitness evaluations
                                                                                                                      Live & Virtual Training options
                      recommended for franchisees to purchase multiple
                         units to take advantage of a  stronger marketing

                                                                                                                                                                                                                                                                                                  2. Design:

                      units to take advantage of a  stronger marke
       units to take advantage of a  stronger marketingunits to take advantage of a  stronger marketingunits to take advantage of a  stronger marketingunits to take advantage of a  stronger marketingting  Eat the Frog Fitness’s proprietary technology  Offered every 8 weeks  2. Design: 2. Design: 2. Design: 2. Design:
                                                                                                                                                                                                                                                                                              2. Design:
                                                                                                                         Eat the Frog Fitness’s proprietary technology allows
                                                                                                                                                                                                                Offered every 8 weeks
 PHASE IPHASE IPHASE IPHASE I PHASE I  presence within an area. The operation of multiple unitspresence within an area. The operation of multiple unitspresence within an area. The operation of multiple unitspresence within an area. The operation of multiple units  Eat the Frog Fitness’s proprietary technology allows Eat the Frog Fitness’s
 PHASE I
                         presence within an area. The operation of multiple units


                      presence within an area. The operation of multiple units
                                                                                                           for 24/7 member accessfor 24/7 member accessfor 24/7 member accessfor 24/7 member access access
                                                                                                                             for 24/7 member
                                                                                                                                                                                                                                                                                                     We provide you with an initial workable design
                                                                                                                                                                                                                                                                                                 We provide you with an initial workable design to e

                         is surprisingly less challenging with the ability to leverage

                      is surprisingly less challenging with the ability to lever
       is surprisingly less challenging with the ability to leverageis surprisingly less challenging with the ability to leverageis surprisingly less challenging with the ability to leverageis surprisingly less challenging with the ability to leverageage  for 24/7 member access  Drives retention Drives retention Drives retention Drives re
                                                                                                                                                                                                                   Drives retention
                                                                                                                                                                                                                                                                                                     the space you are pursuing is a space for succe
                                                                                                                                                                                                                Drives retention
                                                                                                                                                                                                                                                                                   the space you are pursuing is a space for success. the space you
                         staff for quality development between your studios.


                      staff for quality development between your studios.
 Thoroughly review the website and any supporting materials
                                                                                                                             Virtual Training minimizes payroll costs and is
 Thoroughly review the website and any supporting materialsThoroughly review the website and any supporting materialsThoroughly review the website and any supporting materialsThoroughly review the website and any supporting materials  staff for quality development between your studios.staff for quality development between your studios.sta
 Thoroughly review the website and any supporting materials
                                                                                                                         Virtual Training minimizes payroll costs and is
                         Upon signing your license, a franchisee will follow the


                      Upon signing your license, a franchisee will follow
 you acquire.
 you acquire. you acquire. you acquire. you acquire.   Upon signing your license, a franchisee will follow theUpon signing your license, a franchisee will follow theUpon signing your license, a franchisee will follow theUpon signing your license, a franchisee will follow the the  the backbone to our 24/7 modelthe backbone to our 24/7 mode
                                                                                                                             the backbone to our 24/7 model
 you acquire.
                                                                                                                         the backbone to our 24/7 model
                                                                                                                                                                                                                                                                                                  3. Construction:
                                                                                                                                                                                                                Customized science based fitness programs
                         provided opening process starting with finding a location
                                                                                                                                                                                                                                                                                              3. Construction:
       provided opening process starting with finding a locationprovided opening process starting with finding a locationprovided opening process starting with finding a locationprovided opening process starting with finding a location  Customized science based fitness programsCustomized science based fitness programsCustomized science ba
                                                                                                                                                                                                             Customized science based fitness programs
                      provided opening process starting with finding a location
                         and the building out of the studio. A franchisee will be
                      and the building out of the studio. A franchisee will be
 Complete a Candidate Franchise Application, and email to
                                                                                                                                                                                                                   Not just theoretical heart-based monitoring
 Complete a Candidate Franchise Application, and email toComplete a Candidate Franchise Application, and email toComplete a Candidate Franchise Application, and email toComplete a Candidate Franchise Application, and email to  and the building out of the studio. A franchisee will beand the building out of the studio. A franchisee will bea
                                                                                                                                                                                                                                                                                                     Our proprietary guide-to-open manual takes you
                                                                                                                             Virtual Training packages are more affordable (i.e.
 Complete a Candidate Franchise Application, and email to
                                                                                                                                                                                                                                                                                                 Our proprietary guide-to-open manual takes you and
                                                                                                                                                                                                                Not just theoretical heart-based monitoring
                                                                                                                         Virtual Training packages are more affordable (i.e.
                         thoroughly trained to operate under brand standards.
                      thoroughly trained to operate under brand standards.

 your representative. This process does not constitute any
 your representative. This process does not constitute any your representative. This process does not constitute any your representative. This process does not constitute any your representative. This process does not constitute any   thoroughly trained to operate under brand standards.thoroughly trained to operate under brand standards.t
                                                                                                                             college students)
                                                                                                                                                                                                                                                                                                     general contractor from A-Z in the build out pr
                                                                                                                                                                                                                                                                                                 general contractor from A-Z in the build out proces
 your representative. This process does not constitute any
                                                                                                                         college students)


 commitment on your behalf or the Franchisor’s.
                                                                                                                                                                                                                                                                                                     critical piece to opening your Eat the Frog Fit
 commitment on your behalf or the Franchisor’s.commitment on your behalf or the Franchisor’s.commitment on your behalf or the Franchisor’s.commitment on your behalf or the Franchisor’s.                                                                                          critical piece to opening your Eat the Frog Fitness franchisecrit


 commitment on your behalf or the Franchisor’s.
                                                                                                                                                                                                                                                                                                 critical piece to opening your Eat the Frog Fitness




                         INVESTMENT
                                                                                                                                                                                                                Memberships starting at $49.95
       INVESTMENTINVESTMENTINVESTMENTINVESTMENT                                                                                                                                                Memberships starting at $49.95Memberships starting at $49.95Memberships starting at $49.95Memberships starting at $49.95  location in a timely manner
                      INVESTMENT
                                                                                                                                                                                                             Memberships starting at $49.95
                                                                                                                                                                                                                                                                                                     location in a timely manner.
                                                                                                                                                                                                                                                                                                 location in a timely manner.
                                                                                                                          Minimal staffing
                                                                                                                      Minimal staffing
                                                                                                                                                                                                                   $129.95 for unlimited live coached and virtual
                         TYPE OF EXPENDITURE
                                                                               HIGH COST
                                                              LOW COST
                                                                                                                                                                                                                $129.95 for unlimited live coached and virtual
                                                             HIGH COSTHIGH COSTHIGH COSTHIGH COST
                      TYPE OF EXPENDITURE
                                                          LOW COST
 PHASE IIPHASE IIPHASE IIPHASE II PHASE II  TYPE OF EXPENDITURETYPE OF EXPENDITURETYPE OF EXPENDITURETYPE OF EXPENDITURE  LOW COSTLOW COSTLOW COSTLOW COST  HIGH COST  Minimal staffingMinimal staffingMinimal staffingMinimal staffing  $129.95 for unlimited live coached and virtual $129.95 for unlimited live coached and virtual $129.95 for u
 PHASE II


                                                                                                                             (6-8 employees)
                                                                                                                                                                                                                   coached classes
                                                                                                           (6-8 employees)(6-8 employees)(6-8 employees)(6-8 employees)
                                                                                                                                                                                                  coached classescoached classescoached classescoached classes
                                                                                                                                                                                                                coached classes
                                                                                                                         (6-8 employees)
                                                                                                                                                                                                                                                                                                  4. Training:
                                                                                                                                                                                                                                                                                              4. Training:


                         Initial Franchise Fee
                                                                  $39,000$39,000$39,000$39,000 $39,000
       Initial Franchise Fee Initial Franchise Fee Initial Franchise Fee Initial Franchise Fee   $29,000$29,000$29,000$29,000 $29,000  $39,000                                                                                                                              HOW TO SUCCESSFULLY OPEN HOW TO SUCCESSFULLY OPEN  4. Training: 4. Train
                                                              $29,000
                      Initial Franchise Fee

                                                                                                                                                                                                                                                                                                     Prior to opening and operating your Eat the Fro
                         Initial Build Out

                                                                                                                                                                                                                                                                                                 Prior to opening and operating your Eat the Frog Fi



                                                                 $300,000$300,000$300,000$300,000 $300,000

 If approved (usually within 24 hours), you will electronically
                      Initial Build Out
                                                             $200,000
 If approved (usually within 24 hours), you will electronically If approved (usually within 24 hours), you will electronically If approved (usually within 24 hours), you will electronically If approved (usually within 24 hours), you will electronically   Initial Build OutInitial Build OutInitial Build OutInitial Build Out  $200,000$200,00
 If approved (usually within 24 hours), you will electronically
                                                                                                                                                                                                                Periodized training plans
                                                                                                                          Marketing/promotional opportunities
                                                                                                                      Marketing/promotional opportunities
                                                                                                                                                                                                             Periodized training plans
                                                                                                                                                                                                                                                                                                     you will be invited to attend franchisee traini
                                                                                                                                                                                                                                                                                                 you will be invited to attend franchisee training p
 receive a copy of the Franchise Disclosure Document (FDD).
 receive a copy of the Franchise Disclosure Document (FDD). receive a copy of the Franchise Disclosure Document (FDD). receive a copy of the Franchise Disclosure Document (FDD). receive a copy of the Franchise Disclosure Document (FDD).   Interior/Exterior SignageInterior/Exterior SignageInterior/Exterior SignageInterior/Exterior Signage
 receive a copy of the Franchise Disclosure Document (FDD).
                         Interior/Exterior Signage
                                                                  $25,000$25,000$25,000$25,000 $25,000
                      Interior/Exterior Signage
                                                               $15,000

                                                                                                                             With Bryan Clay
 This event does not constitute any formal agreement on
                                                                                                                                                                                                                   Reduces burn out
                                                                                                                                                                                                                Reduces burn out
                                                                                                                         With Bryan Clay
 This event does not constitute any formal agreemen
 This event does not constitute any formal agreement onThis event does not constitute any formal agreement onThis event does not constitute any formal agreement onThis event does not constitute any formal agreement ont on  Audio/Video System, Equipment & SuppliesAudio/Video System, Equipment & SuppliesAudio/Video System, Equipment & Suppl
                         Audio/Video System, Equipment & Supplies
                                                $45,000$45,000$45,000$45,000 $45,000
                                                                 $55,000 $55,000 $55,000 $55,000 $55,000
                      Audio/Video System, Equipment & Supplies


 yours or the Franchisor’s.
 yours or the Franchisor’s.yours or the Franchisor’s.yours or the Franchisor’s.yours or the Franchisor’s.                                                                                                                                                                                         5. Presales:
 yours or the Franchisor’s.
                                                                                                                                                                                                                                                                                              5. Presales:

                         Computer System, Equipment & Supplies
                                                                  $10,000 $10,000 $10,000 $10,000  $10,000

       Computer System, Equipment & SuppliesComputer System, Equipment & SuppliesComputer System, Equipment & SuppliesComputer System, Equipment & Supplies $5,000$5,000$5,000$5,000 $5,000  $10,000   Reduces risk of injuryReduces risk of injuryReduces risk of injuryReduces risk of injury  5. Presales: 5. Presales: 5. Presales: 5. Presales:
                                                               $5,000
                      Computer System, Equipment & Supplies
                                                                                                                                                                                                                   Reduces risk of injury
                                                                                                                                                                                                                Reduces risk of injury
                                                                                                                          Technology driven company
                                                                                                                      Technology driven company
                                                                                                                                                                                                                                                                                                     As we guide you through the build out of your E
                                                                                                                                                                                                                                                                                                 As we guide you through the build out of your Eat t
                         Utility Deposits
                      Utility Deposits
                                                                   $1,000$1,000$1,000$1,000 $1,000
 We can also schedule validation calls with senior executives of
 We can also schedule validation calls with senior executives of We can also schedule validation calls with senior executives of We can also schedule validation calls with senior executives of We can also schedule validation calls with senior executives of   Utility DepositsUtility DepositsUtility DepositsUtility Deposits  $500$500$500$50
 We can also schedule validation calls with senior executives of
                                                                                                                                                                                                                                                                                                     Fitness studio, we will also assist you in the


                                                                                                                                                                                                                                                                                                 Fitness studio, we will also assist you in the setu




                                                                                                                             Allows for operational consistency
                                                                                                                                                                                                                   Reduces potential plateauing
 the brand. If need be, we can also introduce you to our capital
 the brand. If need be, we can also introduce you to our capital the brand. If need be, we can also introduce you to our capital the brand. If need be, we can also introduce you to our capital the brand. If need be, we can also introduce you to our capital   Opening Retail Inventory & Office SuppliesOpening Retail Inventory & Office Suppl
                                                                                                                         Allows for operational consistency
                                                                                                                                                                                                                Reduces potential plateauing
                         Opening Retail Inventory & Office Supplies
                                                 $10,000$10,000$10,000$10,000 $10,000
                                                                  $15,000$15,000$15,000$15,000 $15,000
 the brand. If need be, we can also introduce you to our capital
                      Opening Retail Inventory & Office Supplies

                                                                                                                                                                                                                                                                                                     pre-sales activations in an effort to begin the

                                                                                                                                                                                                                                                                                                 pre-sales activations in an effort to begin the dev
 funding parties to review their various offerings.
 funding parties to review their various offerings.funding parties to review their various offerings.funding parties to review their various offerings.funding parties to review their various offerings.  Business Licenses & PermitsBusiness Licenses & PermitsBusiness Licenses & PermitsBusiness Licenses & Permits  $1,000$1,000$1,000$1,000 $1
 funding parties to review their various offerings.
                         Business Licenses & Permits
                                                                   $2,000$2,000$2,000$2,000 $2,000
                                                                   $1,000
                      Business Licenses & Permits

                                                                                                                                                                                                                                                                                                     of your membership base.
                                                                                                                                                                                                                                                                                   of your membership base.of your membership base.of your membershi


                                                                                                                                                                                                                                                                                                 of your membership base.
                                                                                                                          Unilateral franchisor support
                                                                                                                                                                                                                Classes offered:
                                                                                                                      Unilateral franchisor support
                                                                                                                                                                                                             Classes offered:
                         Professional Fees
                                                                   $5,000$5,000$5,000$5,000 $5,000

       Professional FeesProfessional FeesProfessional FeesProfessional Fees  $2,000$2,000$2,000$2,000 $2,000  $5,000  Unilateral franchisor support Unilateral franchisor support Unilateral franchisor support Unilateral franchisor support   Classes offered:Classes offered:Classes offered:Classes offered:

                                                               $2,000
                      Professional Fees
 PHASE IIIPHASE IIIPHASE IIIPHASE III  InsuranceInsuranceInsuranceInsurance Insurance  $1,500$1,500$1,500$1,500 $1,500  $4,500                                                                    Strength, Cardio, FlexCore and RecoveryStrength, Cardio, FlexCore and RecoveryStrength, Cardio, FlexCore and RecoveryStrength, Cardio, FlexCore an
 PHASE III
 PHASE III
                                                                   $4,500$4,500$4,500$4,500 $4,500
                                                                   $1,500
                      Insurance
                                                                                                                                                                                                                                                                                                  6. Opening:
                                                                                                                                                                                                                                                                                              6. Opening:
                                                                                                                                                                                                                   Strength, Cardio, FlexCore and Recovery
                                                                                                                                                                                                                Strength, Cardio, FlexCore and Recovery
                                                                  $10,000$10,000$10,000$10,000 $10,000
                         Training: Living & Travel Expenses
                      Training: Living & Travel Expenses
                                                               $5,000
       Training: Living & Travel ExpensesTraining: Living & Travel ExpensesTraining: Living & Travel ExpensesTraining: Living & Travel Expenses  $5,000$5,000$5,000$5,000 $5,000  $10,000                                                                                                            50-70 days to open your Eat the Frog Fitness st
                                                                                                                          Competitive profit margins
                                                                                                                      Competitive profit margins





                                                                                                                                                                                                                                                                                                 50-70 days to open your Eat the Frog Fitness studio



 Attend one of our scheduled monthly Discovery Day’s.
 Attend one of our scheduled monthly Discovery Day’s.Attend one of our scheduled monthly Discovery Day’s.Attend one of our scheduled monthly Discovery Day’s.Attend one of our scheduled monthly Discovery Day’s.  Pre-Sale Advertising ProgramPre-Sale Advertising ProgramPre-Sale Advertising ProgramPre-Sale Advertising Program  $15,000$15,000$
 Attend one of our scheduled monthly Discovery Day’s.
                         Pre-Sale Advertising Program
                                                                  $20,000$20,000$20,000$20,000 $20,000
                                                                                                                                                                                                                Fitness App
                      Pre-Sale Advertising Program
                                                               $15,000
                                                                                                                                                                                                             Fitness App
                                                                                                                                                                                                                                                                                                     lease agreement is ex
                                                                                                                                                                                                                                                                                   lease agreement is executed.lease agreement is executed.lease agr
                                                                                                                                                                                                                                                                                                 lease agreement is executed.



                                                                  $15,000$15,000$15,000$15,000 $15,000
                         Grand Opening Advertising
       Grand Opening AdvertisingGrand Opening AdvertisingGrand Opening AdvertisingGrand Opening Advertising  $15,000$15,000$15,000$15,000 $15,000  $15,000                                        With goal setting, workout summary, individualWith goal setting, workout summary, individualWith goal setting, workout summary, individualWith goa
                      Grand Opening Advertising
                                                               $15,000
                                                                                                                                                                                                                   With goal setting, workout summary, individual
                                                                                                                                                                                                                With goal setting, workout summary, individual
                                                                                                                          Corporate Wellness Program
                                                                                                                      Corporate Wellness Program
       Rent & Lease DepositRent & Lease DepositRent & Lease DepositRent & Lease Deposit  $15,000$15,000$15,000$15,000 $15,000  $25,000   Corporate Wellness ProgramCorporate Wellness ProgramCorporate Wellness ProgramCorporate Wellness Program  team fitness challenges, and redeemable points atteam fitness challenges, and redeemable points a
                                                                 $25,000 $25,000 $25,000 $25,000 $25,000
                         Rent & Lease Deposit
                      Rent & Lease Deposit
                                                               $15,000
                                                                                                                                                                                                                   team fitness challenges, and redeemable points at
                                                                                                                                                                                                                team fitness challenges, and redeemable points at


                                                                                                                                                                                                                   national/local stores
                                                                                                                             Not just a membership discount
                         Additional Funds – 3 Months
                                                                  $50,000$50,000$50,000$50,000 $50,000
                                                              $20,000
                      Additional Funds – 3 Months
                                                                                                                         Not just a membership discount
       Additional Funds – 3 MonthsAdditional Funds – 3 MonthsAdditional Funds – 3 MonthsAdditional Funds – 3 Months  $20,000$20,000$20,000$20,000 $20,000  $50,000  Not just a membership discountNot just a membership discountNot just a membership discountNot just a membership discount  national/local storesnational/local storesnational/loc
                                                                                                                                                                                                                national/local stores



                                                                  $60,000$60,000$60,000$60,000 $60,000

                         Down Payment on Furniture, Fixtures &


       Down Payment on Furniture, Fixtures & Down Payment on Furniture, Fixtures & Down Payment on Furniture, Fixtures & Down Payment on Furniture, Fixtures &  $50,000$50,000$50,000$50,000 $50,000  $60,000


                                                              $50,000

                      Down Payment on Furniture, Fixtures &


                         Fitness Equipment
       Fitness EquipmentFitness EquipmentFitness EquipmentFitness Equipment
                      Fitness Equipment

                                                              $429,000
                                                                                $636,500
                         TOTAL ESTIMATED INVESTMENT
                                                              $636,500$636,500$636,500$636,500
       TOTAL ESTIMATED INVESTMENTTOTAL ESTIMATED INVESTMENTTOTAL ESTIMATED INVESTMENTTOTAL ESTIMATED INVESTMENT  $429,000  $636,500
                                             $429,000$429,000$429,000$429,000
                      TOTAL ESTIMATED INVESTMENT
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