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GEMCO LEASING

Cloud Leasing

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App.Procedure 

Owner’s Responsibility: ………….……………………………………........... $   400,000

1. Land Purchase                                                         

2. Permits & Licensing                                             

3. Professional Services                                              

Construction: $1.25 per gallon x 7M …………………………………....…. $8,750,000

        1. Plant Design.

        2. Grain storage and handling

3. Plant Construction

    4. Fermentation tanks & other inside equipment

        5. McCrabb Process Machines

6. Ethanol and DG storage

7. Engineering, electrical & assembly

8. Computers

9. Testing

10. Monitoring for two months

Start-up Costs (Owner’s Responsibility):  …………………………….… $    750,000

1.      Purchase inventory - corn, enzymes & other ingredients

2.      Accounts receivable financing

                 Total Financing Required:                           $ 10,000,000

($900,000 to save millions)

 $10,000,000 Total investment required

-$    350,000 Licensing and permits ($50,000 reserved to amend EPA approval, etc.)

-$ 3,500,000 Cost of outside tanks & grain handling common to all ethanol plants

-$ 1,000,000 Building modified to accommodate steam equipment if necessary;

-$ 2,500,000 for fermentation and other common inside equipment;

-$    750,000 start-up and inventory costs;

=$ 8,100,000 common costs (equipment also required in a traditional steam plant)

Less $10,000,000 investment

=$ 1,900,000 cost of equipment unique to a “McCrabb Vapor System plant”)

Less $1,000,000 Performance Bond (payable if performance guarantees not met).

=$ 900,000 “at risk”