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<br />BUDGET CONSTRUCTION CO., INC. AND BUDGET HOLDINGS, LLC <br />NOTES TO THE COMBINED FINANCIAL STATEMENTS <br />Years Ended December 31, 2007 and 2006 <br /> <br />NOTE 9 - Long-term debt (Continued): <br /> <br />The following is a summary of principal maturities oflong-term debt during the next five years: <br /> <br />Years Ending <br />December 31, Amount <br />2008 $ 599,722 <br />2009 490,806 <br />2010 327,592 <br />2011 183,494 <br />2012 107,836 <br />Thereafter 1,413,480 <br />Total $ 3,122,930 <br /> <br />On June 14,2007, The Mfiliate restructured its mortgages payable for working capital purposes and <br />reserves, as fully explained on Note - 1, (Cash and cash equivalent section). Said mortgage includes <br />cross-default and cross-collateralization of The Company, the stockholders and another affiliate, <br />City Commercial Properties, LLC. <br /> <br />NOTE 10 - Due to stockholders: <br /> <br />Due to stockholders consists of the funds advanced by the majority stockholder of The Company for <br />working capital purposes and reserves. Such loan is subordinated by the bonding company and the <br />financial institution for partially collateralizing a bonding line and line of credit, respectively. <br /> <br />NOTE 11 - Common stock: <br /> Common Additional <br /> Stock Paid-in-Capital Combined <br />Budget Construction Co., Inc. <br />1 00 shares authorized issued and <br />outstanding at $1.00 par value $ 100 $ 276,483 $ 276,583 <br />Budget Holdings, LLC <br />(a partnership) <br />Combined Total $ 100 $ 276,483 $ 276,583 <br /> <br />14 <br /> <br />Benitez & Company. CPA's <br />