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I Loan Number: 61395 Financial L[nice W !3 A_, d-MV _ 1 24 j .ei © 1984 Wisconsin Bankers Association/Distributed by F[PCO® I APPLICATION FOR STANDBY LETTER OF CREDIT Boxes Not Checked Are Inapplicable Bank of Deerfield July 15, 2011 15 S.Main Si., P.O.Box 85 DATE Deerfield,WI 53531 (NAME AND ADDRESS OF ISSUING BANK) PLEASE ISSUE YOUR IRREVOCABLE STANDBY LETTER OF CREDIT AND TRANSMIT IT(AT YOUR OPTION, DIRECTLY OR THROUGH YOUR I CORRESPONDENT)BY:CI MAIL❑AIRMAIL❑AIRMAIL,WITH PRELIMINARY CABLE ADVICE❑FULL CABLE ❑ ®TO APPLICANT FOR TRANSMISSION TO THE BENEFICIARYD DIRECT TO THE BENEFICIARY. FOR ACCOUNT OF (APPLICANT) IN FAVOR OF (BENEFICIARY) HEPTA S,Inc. Dane County Planning&Development I 210 Martin Luther King Jr.Blvd Room 116 372 Koshkonong Road Madison,WI 53703 Cambridge,WI 53523 ADVISING BANK (IF ANY) AMOUNT I IN FIGURES$22,500.00 U.S. Dollars IN WORDS Twenty Two Thousand Five Hundred and 00/100 EXPIRATION DATE: July 15,2012 I CREDIT AVAILABLE BY PAYMENT. DRAFTS MUST BE PRESENTED TO ISSUING BANK ON OR BEFORE CLOSE OF BUSINESS ON THE EXPIRATION DATE. THIS CREDIT (CHECK ONE): ❑WILL BE ISSUED IN,AND IS SUBJECT TO THE TERMS OF,THE FORM OF STANDBY LETTER ATTACHED. IS AVAILABLE BY DRAFT(S)DRAWN ON ISSUING BANK AT SIGHT ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 1 I ISPECIAL INSTRUCTIONS: ALL BANKING CHARGES OTHER THAN ISSUING BANK'S ARE FOR BENEFICIARY'S ACCOUNT. PARTIAL DRAWINGS❑PERMITfED❑NOT PERMITTED. I PAYMENT TERMS (CHECK ONE): THE AMOUNT OF EACH DRAFT HONORED BY BANK IS PAYABLE BY APPLICANT TO BANK ❑ IMMEDIATELY UPON PRESENTATION OF THE DRAFT. ❑ON DEMAND AFTER PRESENTATION OF THE DRAFT. I ® ONE MONTH AFTER THE DATE OF ANY DRAFT HONORED BY BANK. INTEREST: THE AMOUNT OF EACH DRAFT HONORED BY BANK FOR WHICH BANK HAS NOT BEEN REIMBURSED BY APPLICANT BEARS INTEREST PRIOR TO THE DUE DATE FROM THE DATE HONORED®AT THE RATE OF 8.250 %PER YEAR D AT AN ANNUAL RATE EQUAL TO THE RATE ANNOUNCED BY BANK FROM TIME TO TIME AS ITS PRIME RATE("PRIME RATE"), PLUS n/a %,AND THE RATE SHALL CHANGE WHEN AND AS THE PRIME RATE CHANGES ❑ n/a INTEREST IS COMPUTED ON THE BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED® IN A 360 DAY YEAR❑ IN A 365 DAY YEAR. I INTEREST IS PAYABLE ON DEMAND®AT THE SAME TIME PRINCIPAL IS PAYABLE. DEFAULT RATE: THE AMOUNT OF A DRAFT NOT REIMBURSED WHEN DUE BEARS INTEREST UNTIL PAID AT THE DEFAULT RATE OF CI .00 %PER YEAR❑ PRIME RATE, PLUS n/a %, AND THE RATE SHALL CHANGE WHEN AND AS THE PRIME RATE CHANGES, •MPUTED ON THE SAME.BASIS❑ n/a FEES: I BANK MAY ISSUE THE LETTER OF CREDIT WITH SUCH VARIATIONS FROM THE ABOVE TERMS AS BANK MAY, IN ITS DISCRETION, DETERMINE ARE NECESSARY AND ARE NOT MATERIALLY INCONSISTENT WITH THIS APPLICATION. THE CREDIT IS SUBJECT TO A LETTER OF CREDIT AGREEMENT BETWEEN BANK AND APPLICANT. �. HEPTA /�?"1 / APPROVED BY:Bruce K.Gibson By: ' ,CP.r` (BANK OFFICER) Stanley Lien,Vice P -sib t L/C NO.533 By: 4 IV ' Qht.d4 I She,I K Hens-/President 372 Koshkono g Road Cambridge,W! 63623 (NAME AND ADDRESS OF APPLICANT) I