This document summarizes monthly payments from Canty and her boarders to Somerset Farms LLC from April 2002 to October 2002. It shows payments for board (rent) and security deposits. It notes that in April and May 2002, Canty's payments were made under conditions that led to problems cash flow for the owner (GR) as he had to provide services for 10 weeks without full payment. By August 2002 the cash flow position was impossible for GR as more boarders moved in but payments did not increase sufficiently. In October 2002, the arrangement was terminated.

1. MONTHLY CANTY AND HER BOARDERS’ PAYMENTS TO SOMERSET FARMS LLC.
DATE AMOUNT NOTE
APRIL’02 BOARD 5260 CK MEMO STATES MAY 15 RENT & SECURITY, SO CONTRACT FORCES
SECURITY 2715 GR TO PROVIDE FREESERVICES UNTIL MAY 15, BUT CANTY SIDE OF
AGREEMENT STATES RENT NOT EFFECTIVE UNTIL AGREES “MOVE-IN
CK 1001 4/23 TOTAL 7975 TO-DO LIST” COMPLETED TO HER SATISFACTION, SO 5260 BECAME
JUNE RENT. GR HAD TO PROVIDE SERVICES FOR ABOUT 10 WEEKS, ON
TOP OF RGA. THIS WAS A DISASTER.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAY ’02 BOARD 1550 ADDITIONAL BOARD, BUT SAME CONDITIONS AS APRIL PAYMENT.
SECURITY 350 MORE DISASTER FOR GR.
CK 1002 5/3 TOTAL 1900
BOARD 1166
SECURITY 0
CK 1003 5/24 TOTAL 1166
------------------------------------------------------------------------------------------------------------------------------------------------------------------
JUNE ’02 BOARD 2050 LIMITED INFORMATION ON THIS 2050. 5260+1550+1166 NOW EFFECTIVE,
SECURITY 0 BUT GR HAS NOW PROVIDED SERVICES FOR CANTY BOARDERS FOR 10
WEEKS. 2075 CREDIT DOES NOT HELP, BUT DOES SHOW SG KNEW HE
CK 1005 6/26 TOTAL 2050 WAS LATE WITH IPROVEMENTS. THIS CIRCUMSTANCE LEADS TO THE
CATASTROPHE OF AUGUST & SEPT.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
JULY’02 BOARD 5467 FIRST MONTH REGULAR MONTHLY PAYMENTS MADE, BUT DAMAGE
SECURITY 300 HAS BEEN DONE.
CK 1006 TOTAL 5767

2. ------------------------------------------------------------------------------------------------------------------------------------------------------------------
AUGUST’02 BOARD 5972 REGULAR PAYMENT.
SECURITY 602.50
CK 8/5 TOTAL 6574.50
BOARD 510
SECURITY 70
CK 8/15 TOTAL 580
BOARD 1265 FURTHER BOARDERS, BUT GR NOW HAS AN IMPOSSIBLE CASH FLOW
SECURITY 0 POSITION.
CK 8/26 TOTAL 1265
BOARD 510
SECURITY 0
CK 8/26 TOTAL 510
------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEPTEMBER’02 BOARD 4324 REGULAR PAYMENTS.
SECURITY 0 CASH FLOW GETTING WORSE.
CK 9/6 TOTAL 4324 GR WORKING HARDER AND HARDER TO KEEP THINGS GOING, BUT HAS
NO CHANCE.
BOARD 1920
SECURITY 0
CK 9/10 TOTAL 1920
------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. OCTOBER’02 0 TERMINATION OCT.11,2002.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
SOURCE: MA (MY BOOKIE).