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E <br />P <br />3 <br />4 <br />5 <br />5 <br />V7 <br />8 <br />9 <br />0 <br />.1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />'0 <br />'1 <br />1 <br />'3 <br />`4 <br />'5 <br />,6 <br />..7 <br />.B <br />'9 <br />A <br />i1 <br />52 <br />Recipient: City of Santa Ana California Grant Number: B-84-AA-06-0615(P) <br />Continuation Sheet ---Exhibit E <br />XVIII <br />(a) Recipient shall issue and sell and Underwriter shall purchase at least <br />$6,000,000 in Industrial Revenue Bonds for the Project. <br />(b) Evidence of this commitment shall be in the form of a certification from <br />the trustee and/or depo.4itory of the proceeds of the bond sale stating that said <br />trustee and/or depository has on hand and immediately available to Developer for <br />use by Developer and Rangel, Ceballos and Fainbarg as aforesaid, the net bond <br />proceeds for financing the construction and development of Project Elements A, B, C <br />and D, respectively, and in accordance with Section 10.02 of this Grant Agreement. <br />X1x <br />(a) Agency shall lend $99,457 to Escalante and $96,647 to Ceballos using <br />funds from the Direct Commercial Rehabilitation Loan Program. <br />(b) Evidence of this commitment shall be in accordance with Section 10.06 of <br />this Grant Agreement. <br />xx <br />(a) Developer shall loan Rangel not less than $754,800 from bond proceeds for <br />use by Rangel for the development of Project Element B. <br />(b) Evidence of this commitment shall be in accordance with Section 10.06 of <br />this Grant Agreement. <br />XXI <br />(a) Developer shall loan Ceballos not less than $224,400 from bond proceeds <br />for use by Ceballos for the development of Project Element C. <br />(b) Evidence of this commitment shall be in accordance with Section 10.06 of <br />this Grant Agreement. <br />XXII <br />(a) Developer shall loan Fainbarg not less than $40,800 from bond proceeds <br />for use by Fainbarg for the development of Project Element D. <br />(b) Evidence of this commitment shall be in accordance with Section 10.06 of <br />this Grant Agreement. <br />Page 22 of 22 <br />EXHIBIT E <br />