Our ski areas are located in geographically diverse areas. Adverse weather patterns are challenges that all ski area operators face. In order to mitigate the negative effects that adverse weather may have on our overall financial results, we have strategically acquired or developed our ski areas in geographically diverse regions of the United States in order to compensate for any adverse weather that one region may experience over another during a particular ski season

Exhibit 10.17

PROMISSORY NOTE
(WITH BALLOON and SET OFF PROVISIONS)

$4,500,000.00		November 22, 2010

     The undersigned, WC ACQUITISION CORP., a New Hampshire corporation (hereinafter referred to as “Maker”), for value received, promises to pay to the order of WILDCAT MOUNTAIN SKI AREA, INC., a New Hampshire corporation, MEADOW GREEN — WILDCAT SKILIFT CORP., a New Hampshire corporation, and MEADOW GREEN — WILDCAT CORP., a New Hampshire corporation (hereinafter collectively referred to as “Payee”) at c/o Pasquale Franchi, Franchi Management, 182 West Central Street, Natick, MA 01760 or such other place as may be designated in writing by the holder hereof, in lawful money of the United States of America in immediately available funds, the principal sum of Four Million Five Hundred Thousand and 00/100 Dollars ($4,500,000.00), together with interest thereon from the date hereof, at the rate or rates hereinafter specified, as follows:

     1. Interest. This Note shall bear interest on the unpaid principal balance from and after the date of this Note, to the date of payment of the entire principal balance at the rate of four percent (4%) per annum. The interest rate shall be fixed for the term of the loan.

     2. Payments. Principal and interest under this note shall be payable pursuant to the amortization schedule attached hereto as Exhibit A. Said amortization schedule is based on twenty (20) years amortization. A balloon payment shall be due on the Maturity Date unless extended by agreement of the parties.

     3. Maturity. This note shall mature on the twenty-second (22^nd) day of December, 2020 and any accrued interest and all principal shall be due and payable at that time.

     4. Application of Payments. All installments paid hereunder shall be in currently available funds.

     5. Payments Due on Saturdays, Sundays or Legal Holidays. If any payment of principal or interest due on this Note is payable on a day which is a Saturday, Sunday or legal holiday in the State of New Hampshire, then such payment shall be due on the next business day.

     6. Prepayment. Maker shall have the right to prepay the unpaid loan balance in full or in part at any time during the loan term. No prepayment shall be permitted if there exists a default under the Note. All prepayments shall be in currently available funds, and shall be applied first to the accrued interest, and the balance, if any, shall be applied to the principal as set forth above.

     7. Default. Upon the occurrence of an “Event of Default” as defined herein and the expiration of any applicable cure period, then the holder of this Note, upon thirty (30) days written notice to Maker, may declare immediately due and payable the entire unpaid balance of principal under this Note, together with all accrued interest thereon and all other sums due from Maker. Each of the following shall constitute an Event of Default hereunder:

               (a) Monetary Default. If Maker fails to make any payment hereon on the date on which it shall fall due; or

               (b) Default in Performance of Obligations. If Maker defaults in the performance of any of the agreements, conditions, covenants, provisions or stipulations contained in this Note.

               (c) Cure Period. Notwithstanding anything herein to the contrary, Maker shall not be in default hereunder with respect to any Monetary Default unless Payee first provides Maker with written notice of the existence of such default and Maker thereafter fails to cure such default within ten (10) days of the date of such notice.

     8. Oral Agreements. Oral agreements or commitments to loan money, extend credit or forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect you (Maker) and us (Payee) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. Maker acknowledges that there are no oral agreements related to this note as the day and year first written above,

     9. Security. This Note is secured by a Mortgage, Security Agreement, Fixture Filing, and Assignment of Rents of even date herewith.

     10. Waiver. The Maker waives, to the fullest extent permitted by law, presentment, notice, protest and all other demands and notices, and assents (1) to any extension of time of payment or any other indulgence, and (2) to the release of any other person or entity primarily or secondarily liable for the obligations evidenced hereby.”

     11. Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New Hampshire. In the event of a dispute the parties consent to jurisdiction and venue in Carroll County, New Hampshire.

     12. Guaranty. This Note is made in connection with a Guaranty executed by Peak Resorts, Inc. of even date herewith.

     13. Right to Set Off. This Note shall be subject to the set-off provisions of Section 7.3(a) of the Agreement of Sale and Purchase entered into by and between WILDCAT MOUNTAIN SKI AREA, INC., MEADOW GREEN-WILDCAT SKILIFT CORP., MEADOW GREEN — WILDCAT CORP. (collectively “Seller”) and WC Acquisition Corp. (“Purchaser”) (“Purchase Agreement”). In the event that an amount is set-off by Purchaser against a party under Section 7.3(a) of the Purchase Agreement, then the principal amount due and payable to the Payee under this Note shall be reduced by said set-off amount, and said reduction shall be treated as a prepayment hereunder and the remaining payments shall be recalculated to provide for equal monthly payments (based on the number of months remaining under the original twenty (20) year amortization schedule) until the Maturity of this Note.

     14. Notices. All notices, requests and other communications under this Agreement shall be in writing and shall be either (a) delivered in person, (b) sent by certified mail, return-receipt requested, (c) delivered by a recognized delivery service or (d) sent by facsimile transmission and addressed as follows:

If to Maker:
		WC Acquisition Corp.
		Attn: Richard Deutsch or Stephen Mueller
		17409 Hidden Valley Drive
		Eureka, Missouri 63025
With a copy to:		David L. Jones
		Helfrey, Neiers & Jones, P.C.
		120 South Central Avenue, Suite 1500
		St. Louis, Missouri 63105
		Telephone: (314)  ###-###-####
		Facsimile: (314)  ###-###-####
If to Payee:
With a copy to:		Randall F. Cooper, Esq.
		Cooper Cargill Chant
		2935 White Mountain Highway
		North Conway, NH 03860
		Telephone: (603)  ###-###-####
		Facsimile: (603 ###-###-####

     IN WITNESS WHEREOF, Maker has executed and delivered this Note the day and year first above written.

Wildcat Ski Area Acquisition Note

Compound Period		: Monthly

Nominal Annual Rate		: 4.000%

CASH FLOW DATA

Event

Date

Amount

Number

Period

End Date

1

Loan

11/22/2010

4,500,000.00

1

2

Payment

12/22/2010

27,269.11

240

Monthly

11/22/2030

AMORTIZATION SCHEDULE — Normal Amortization

				Date		Payment				Interest				Principal				Balance
Loan				11/22/2010															4,500,000.00
	1			12/22/2010			27,269.11				15,000.00				12,269.11				4,487,730.89
2010 Totals							27,269.11				15,000.00				12,269.11
	2			01/22/2011			27,269.11				14,959.10				12,310.01				4,475,420.88
	3			02/22/2011			27,269.11				14,918.07				12,351.04				4,463,069.84
	4			03/22/2011			27,269.11				14,876.90				12,392.21				4,450,677.63
	5			04/22/2011			27,269.11				14,835.59				12,433.52				4,438,244.11
	6			05/22/2011			27,269.11				14,794.15				12,474.96				4,425,769.15
	7			06/22/2011			27,269.11				14,752.56				12,516.55				4,413,252.60
	8			07/22/2011			27,269.11				14,710.84				12,558.27				4,400,694.33
	9			08/22/2011			27,269.11				14,668.98				12,600.13				4,388,094.20
	10			09/22/2011			27,269.11				14,626.98				12,642.13				4,375,452.07
	11			10/22/2011			27,269.11				14,584.84				12,684.27				4,362,767.80
	12			11/22/2011			27,269.11				14,542.56				12,726.55				4,350,041.25
	13			12/22/2011			27,269.11				14,500.14				12,768.97				4,337,272.28
2011 Totals							327,229.32				176,770.71				150,458.61
	14			01/22/2012			27,269.11				14,457.57				12,811.54				4,324,460.74
	15			02/22/2012			27,269.11				14,414.87				12,854.24				4,311,606.50
	16			03/22/2012			27,269.11				14,372.02				12,897.09				4,298,709.41
	17			04/22/2012			27,269.11				14,329.03				12,940.08				4,285,769.33
	18			05/22/2012			27,269.11				14,285.90				12,983.21				4,272,786.12
	19			06/22/2012			27,269.11				14,242.62				13,026.49				4,259,759.63
	20			07/22/2012			27,269.11				14,199.20				13,069.91				4,246,689.72
	21			08/22/2012			27,269.11				14,155.63				13,113.48				4,233,576.24
	22			09/22/2012			27,269.11				14,111.92				13,157.19				4,220,419.05
	23			10/22/2012			27,269.11				14,068.06				13,201.05				4,207,218.00
	24			11/22/2012			27,269.11				14,024.06				13,245.05				4,193,972.95
	25			12/22/2012			27,269.11				13,979.91				13,289.20				4,180,683.75
2012 Totals							327,229.32				170,640.79				156,588.53
	26			01/22/2013			27,269.11				13,935.61				13,333.50				4,167,350.25
	27			02/22/2013			27,269.11				13,891.17				13,377.94				4,153,972.31
	28			03/22/2013			27,269.11				13,846.57				13,422.54				4,140,549.77
	29			04/22/2013			27,269.11				13,801.83				13,467.28				4,127,082.49

Wildcat Ski Area Acquisition Note

				Date		Payment				Interest				Principal				Balance
	30			05/22/2013			27,269.11				13,756.94				13,512.17				4,113,570.32
	31			06/22/2013			27,269.11				13,711.90				13,557.21				4,100,013.11
	32			07/22/2013			27,269.11				13,666.71				13,602.40				4,086,410.71
	33			08/22/2013			27,269.11				13,621.37				13,647.74				4,072,762.97
	34			09/22/2013			27,269.11				13,575.88				13,693.23				4,059,069.74
	35			10/22/2013			27,269.11				13,530.23				13,738.88				4,045,330.86
	36			11/22/2013			27,269.11				13,484.44				13,784.67				4,031,546.19
	37			12/22/2013			27,269.11				13,438.49				13,830.62				4,017,715.57
2013 Totals							327,229.32				164,261.14				162,968.18
	38			01/22/2014			27,269.11				13,392.39				13,876.72				4,003,838.85
	39			02/22/2014			27,269.11				13,346.13				13,922.98				3,989,915.87
	40			03/22/2014			27,269.11				13,299.72				13,969.39				3,975,946.48
	41			04/22/2014			27,269.11				13,253.15				14,015.96				3,961,930.52
	42			05/22/2014			27,269.11				13,206.44				14,062.67				3,947,867.85
	43			06/22/2014			27,269.11				13,159.56				14,109.55				3,933,758.30
	44			07/22/2014			27,269.11				13,112.53				14,156.58				3,919,601.72
	45			08/22/2014			27,269.11				13,065.34				14,203.77				3,905,397.95
	46			09/22/2014			27,269.11				13,017.99				14,251.12				3,891,146.83
	47			10/22/2014			27,269.11				12,970.49				14,298.62				3,876,848.21
	48			11/22/2014			27,269.11				12,922.83				14,346.28				3,862,501.93
	49			12/22/2014			27,269.11				12,875.01				14,394.10				3,848,107.83
2014 Totals							327,229.32				157,621.58				169,607.74
	50			01/22/2015			27,269.11				12,827.03				14,442.08				3,833,665.75
	51			02/22/2015			27,269.11				12,778.89				14,490.22				3,819,175.53
	52			03/22/2015			27,269.11				12,730.59				14,538.52				3,804,637.01
	53			04/22/2015			27,269.11				12,682.12				14,586.99				3,790,050.02
	54			05/22/2015			27,269.11				12,633.50				14,635.61				3,775,414.41
	55			06/22/2015			27,269.11				12,584.71				14,684.40				3,760,730.01
	56			07/22/2015			27,269.11				12,535.77				14,733.34				3,745,996.67
	57			08/22/2015			27,269.11				12,486.66				14,782.45				3,731,214.22
	58			09/22/2015			27,269.11				12,437.38				14,831.73				3,716,382.49
	59			10/22/2015			27,269.11				12,387.94				14,881.17				3,701,501.32
	60			11/22/2015			27,269.11				12,338.34				14,930.77				3,686,570.55
	61			12/22/2015			27,269.11				12,288.57				14,980.54				3,671,590.01
2015 Totals							327,229.32				150,711.50				176,517.82
	62			01/22/2016			27,269.11				12,238.63				15,030.48				3,656,559.53
	63			02/22/2016			27,269.11				12,188.53				15,080.58				3,641,478.95
	64			03/22/2016			27,269.11				12,138.26				15,130.85				3,626,348.10
	65			04/22/2016			27,269.11				12,087.83				15,181.28				3,611,166.82
	66			05/22/2016			27,269.11				12,037.22				15,231.89				3,595,934.93
	67			06/22/2016			27,269.11				11,986.45				15,282.66				3,580,652.27
	68			07/22/2016			27,269.11				11,935.51				15,333.60				3,565,318.67
	69			08/22/2016			27,269.11				11,884.40				15,384.71				3,549,933.96
	70			09/22/2016			27,269.11				11,833.11				15,436.00				3,534,497.96
	71			10/22/2016			27,269.11				11,781.66				15,487.45				3,519,010.51
	72			11/22/2016			27,269.11				11,730.04				15,539.07				3,503,471.44

Wildcat Ski Area Acquisition Note

				Date		Payment				Interest				Principal				Balance
	73			12/22/2016			27,269.11				11,678.24				15,590.87				3,487,880.57
2016 Totals							327,229.32				143,519.88				183,709.44
	74			01/22/2017			27,269.11				11,626.27				15,642.84				3,472,237.73
	75			02/22/2017			27,269.11				11,574.13				15,694.98				3,456,542.75
	76			03/22/2017			27,269.11				11,521.81				15,747.30				3,440,795.45
	77			04/22/2017			27,269.11				11,469.32				15,799.79				3,424,995.66
	78			05/22/2017			27,269.11				11,416.65				15,852.46				3,409,143.20
	79			06/22/2017			27,269.11				11,363.81				15,905.30				3,393,237.90
	80			07/22/2017			27,269.11				11,310.79				15,958.32				3,377,279.58
	81			08/22/2017			27,269.11				11,257.60				16,011.51				3,361,268.07
	82			09/22/2017			27,269.11				11,204.23				16,064.88				3,345,203.19
	83			10/22/2017			27,269.11				11,150.68				16,118.43				3,329,084.76
	84			11/22/2017			27,269.11				11,096.95				16,172.16				3,312,912.60
	85			12/22/2017			27,269.11				11,043.04				16,226.07				3,296,686.53
2017 Totals							327,229.32				136,035.28				191,194.04
	86			01/22/2018			27,269.11				10,988.96				16,280.15				3,280,406.38
	87			02/22/2018			27,269.11				10,934.69				16,334.42				3,264,071.96
	88			03/22/2018			27,269.11				10,880.24				16,388.87				3,247,683.09
	89			04/22/2018			27,269.11				10,825.61				16,443.50				3,231,239.59
	90			05/22/2018			27,269.11				10,770.80				16,498.31				3,214,741.28
	91			06/22/2018			27,269.11				10,715.80				16,553.31				3,198,187.97
	92			07/22/2018			27,269.11				10,660.63				16,608.48				3,181,579.49
	93			08/22/2018			27,269.11				10,605.26				16,663.85				3.164,915.64
	94			09/22/2018			27,269.11				10,549.72				16,719.39				3,148,196.25
	95			10/22/2018			27,269.11				10,493.99				16,775.12				3,131,421.13
	96			11/22/2018			27,269.11				10,438.07				16,831.04				3,114,590.09
	97			12/22/2018			27,269.11				10,381.97				16,887.14				3,097,702.95
2018 Totals							327,229.32				128,245.74				198,983.58
	98			01/22/2019			27,269.11				10,325.68				16,943.43				3,080,759.52
	99			02/22/2019			27,269.11				10,269.20				16,999.91				3,063,759.61
	100			03/22/2019			27,269.11				10,212.53				17,056.58				3,046,703.03
	101			04/22/2019			27,269.11				10,155.68				17,113.43				3,029,589.60
	102			05/22/2019			27,269.11				10,098.63				17,170.48				3,012,419.12
	103			06/22/2019			27,269.11				10,041.40				17,227.71				2,995,191.41
	104			07/22/2019			27,269.11				9,983.97				17,285.14				2,977,906.27
	105			08/22/2019			27,269.11				9,926.35				17,342.76				2,960,563.51
	106			09/22/2019			27,269.11				9,868.55				17,400.56				2,943,162.95
	107			10/22/2019			27,269.11				9,810.54				17,458.57				2,925,704.38
	108			11/22/2019			27,269.11				9,752.35				17,516.76				2,908,187.62
	109			12/22/2019			27,269.11				9,693.96				17,575.15				2,890,612.47
2019 Totals							327,229.32				120,138.84				207,090.48
	110			01/22/2020			27,269.11				9,635.37				17,633.74				2,872,978.73
	111			02/22/2020			27,269.11				9,576.60				17,692.51				2,855,286.22
	112			03/22/2020			27,269.11				9,517.62				17,751.49				2,837,534.73
	113			04/22/2020			27,269.11				9,458.45				17,810.66				2,819,724.07

Wildcat Ski Area Acquisition Note

				Date		Payment				Interest				Principal				Balance
	114			05/22/2020			27,269.11				9,399.08				17,870.03				2,801,854.04
	115			06/22/2020			27,269.11				9,339.51				17,929.60				2,783,924.44
	116			07/22/2020			27,269.11				9,279.75				17,989.36				2,765,935.08
	117			08/22/2020			27,269.11				9,219.78				18,049.33				2,747,885.75
	118			09/22/2020			27,269.11				9,159.62				18,109.49				2,729,776.26
	119			10/22/2020			27,269.11				9,099.25				18,169.86				2,711,606.40
	120			11/22/2020			27,269.11				9,038.69				18,230.42				2,693,375.98
	121			12/22/2020			27,269.11				8,977.92				18,291.19				2,675,084.79
2020 Totals							327,229.32				111,701.64				215,527.68
	122			01/22/2021			27,269.11				8,916.95				18,352.16				2,656,732.63
	123			02/22/2021			27,269.11				8,855.78				18,413.33				2,638,319.30
	124			03/22/2021			27,269.11				8,794.40				18,474.71				2,619,844.59
	125			04/22/2021			27,269.11				8,732.82				18,536.29				2,601,308.30
	126			05/22/2021			27,269.11				8,671.03				18,598.08				2,582,710.22
	127			06/22/2021			27,269.11				8,609.03				18,660.08				2,564,050.14
	128			07/22/2021			27,269.11				8,546.83				18,722.28				2,545,327.86
	129			08/22/2021			27,269.11				8,484.43				18,784.68				2,526,543.18
	130			09/22/2021			27,269.11				8,421.81				18,847.30				2,507,695.88
	131			10/22/2021			27,269.11				8,358.99				18,910.12				2,488,785.76
	132			11/22/2021			27,269.11				8,295.95				18,973.16				2,469,812.60
	133			12/22/2021			27,269.11				8,232.71				19,036.40				2,450,776.20
2021 Totals							327,229.32				102,920.73				224,308.59
	134			01/22/2022			27,269.11				8,169.25				19,099.86				2,431,676.34
	135			02/22/2022			27,269.11				8,105.59				19,163.52				2,412,512.82
	136			03/22/2022			27,269.11				8,041.71				19,227.40				2,393,285.42
	137			04/22/2022			27,269.11				7,977.62				19,291.49				2,373,993.93
	138			05/22/2022			27,269.11				7,913.31				19,355.80				2,354,638.13
	139			06/22/2022			27,269.11				7,848.79				19,420.32				2,335,217.81
	140			07/22/2022			27,269.11				7,784.06				19,485.05				2,315,732.76
	141			08/22/2022			27,269.11				7,719.11				19,550.00				2,296,182.76
	142			09/22/2022			27,269.11				7,653.94				19,615.17				2,276,567.59
	143			10/22/2022			27,269.11				7,588.56				19,680.55				2,256,887.04
	144			11/22/2022			27,269.11				7,522.96				19,746.15				2,237,140.89
	145			12/22/2022			27,269.11				7,457.14				19,811.97				2,217,328.92
2022 Totals							327,229.32				93,782.04				233,447.28
	146			01/22/2023			27,269.11				7,391.10				19,878.01				2,197,450.91
	147			02/22/2023			27,269.11				7,324.84				19,944.27				2,177,506.64
	148			03/22/2023			27,269.11				7,258.36				20,010.75				2,157,495.89
	149			04/22/2023			27,269.11				7,191.65				20,077.46				2,137,418.43
	150			05/22/2023			27,269.11				7,124.73				20,144.38				2,117,274.05
	151			06/22/2023			27,269.11				7,057.58				20,211.53				2,097,062.52
	152			07/22/2023			27,269.11				6,990.21				20,278.90				2,076,783.62
	153			08/22/2023			27,269.11				6,922.61				20,346.50				2,056,437.12
	154			09/22/2023			27,269.11				6,854.79				20,414.32				2,036,022.80
	155			10/22/2023			27,269.11				6,786.74				20,482.37				2,015,540.43
	156			11/22/2023			27,269.11				6,718.47				20,550.64				1,994,989.79

Wildcat Ski Area Acquisition Note

							Date		Payment				Interest				Principal				Balance
			157				12/22/2023				27,269.11				6,649.97				20,619.14				1,974,370.65
2023 Totals											327,229.32				84,271.05				242,958.27
			158				01/22/2024				27,269.11				6,581.24				20,687.87				1,953,682.78
			159				02/22/2024				27,269.11				6,512.28				20,756.83				1,932,925.95
			160				03/22/2024				27,269.11				6,443.09				20,826.02				1,912,099.93
			161				04/22/2024				27,269.11				6,373.67				20,895.44				1,891,204.49
			162				05/22/2024				27,269.11				6,304.01				20,965.10				1,870,239.39
			163				06/22/2024				27,269.11				6,234.13				21,034.98				1,849,204.41
			164				07/22/2024				27,269.11				6,164.01				21,105.10				1,828,099.31
			165				08/22/2024				27,269.11				6,093.66				21,175.45				1,806,923.86
			166				09/22/2024				27,269.11				6,023.08				21,246.03				1,785,677.83
			167				10/22/2024				27,269.11				5,952.26				21,316.85				1,764,360.98
			168				11/22/2024				27,269.11				5,881.20				21,387.91				1,742,973.07
			169				12/22/2024				27,269.11				5,809.91				21,459.20				1,721,513.87
2024 Totals											327,229.32				74,372.54				252,856.78
			170				01/22/2025				27,269.11				5,738.38				21,530.73				1,699,983.14
			171				02/22/2025				27,269.11				5,666.61				21,602.50				1,678,380.64
			172				03/22/2025				27,269.11				5,594.60				21,674.51				1,656,706.13
			173				04/22/2025				27,269.11				5,522.35				21,746.76				1,634,959.37
			174				05/22/2025				27,269.11				5,449.86				21,819.25				1,613,140.12
			175				06/22/2025				27,269.11				5,377.13				21,891.98				1,591,248.14
			176				07/22/2025				27,269.11				5,304.16				21,964.95				1,569,283.19
			177				08/22/2025				27,269.11				5,230.94				22,038.17				1,547,245.02
			178				09/22/2025				27,269.11				5,157.48				22,111.63				1,525,133.39
			179				10/22/2025				27,269.11				5,083.78				22,185.33				1,502,948.06
			180				11/22/2025				27,269.11				5,009.83				22,259.28				1,480,688.78
			181				12/22/2025				27,269.11				4,935.63				22,333.48				1,458,355.30
2025 Totals											327,229.32				64,070.75				263,158.57
			182				01/22/2026				27,269.11				4,861.18				22,407.93				1,435,947.37
			183				02/22/2026				27,269.11				4,786.49				22,482.62				1,413,464.75
			184				03/22/2026				27,269.11				4,711.55				22,557.56				1,390,907.19
			185				04/22/2026				27,269.11				4,636.36				22,632.75				1,368,274.44
			186				05/22/2026				27,269.11				4,560.91				22,708.20				1,345,566.24
			187				06/22/2026				27,269.11				4,485.22				22,783.89				1,322,782.35
			188				07/22/2026				27,269.11				4,409.27				22,859.84				1,299,922.51
			189				08/22/2026				27,269.11				4,333.08				22,936.03				1,276,986.48
			190				09/22/2026				27,269.11				4,256.62				23,012.49				1,253,973.99
			191				10/22/2026				27,269.11				4,179.91				23,089.20				1,230,884.79
			192				11/22/2026				27,269.11				4,102.95				23,166.16				1,207,718.63
			193				12/22/2026				27,269.11				4,025.73				23,243.38				1,184,475.25
2026 Totals											327,229.32				53,349.27				273,880.05
			194				01/22/2027				27,269.11				3,948.25				23,320.86				1,161,154.39
			195				02/22/2027				27,269.11				3,870.51				23,398.60				1,137,755.79
			196				03/22/2027				27,269.11				3,792.52				23,476.59				1,114,279.20
			197				04/22/2027				27,269.11				3,714.26				23,554.85				1,090,724.35

Wildcat Ski Area Acquisition Note

			Date	Payment				Interest				Principal				Balance
	198		05/22/2027			27,269.11				3,635.75				23,633.36				1,067,090.99
	199		06/22/2027			27,269.11				3,556.97				23,712.14				1,043,378.85
	200		07/22/2027			27,269.11				3,477.93				23,791.18				1,019,587.67
	201		08/22/2027			27,269.11				3,398.63				23,870.48				995,717.19
	202		09/22/2027			27,269.11				3,319.06				23,950.05				971,767.14
	203		10/22/2027			27,269.11				3,239.22				24,029.89				947,737.25
	204		11/22/2027			27,269.11				3,159.12				24,109.99				923,627.26
	205		12/22/2027			27,269.11				3,078.76				24,190.35				899,436.91
2027 Totals						327,229.32				42,190.98				285,038.34
	206		01/22/2028			27,269.11				2,998.12				24,270.99				875,165.92
	207		02/22/2028			27,269.11				2,917.22				24,351.89				850,814.03
	208		03/22/2028			27,269.11				2,836.05				24,433,06				826,380.97
	209		04/22/2028			27,269.11				2,754.60				24,514.51				801,866.46
	210		05/22/2028			27,269.11				2,672.89				24,596.22				777,270.24
	211		06/22/2028			27,269.11				2,590.90				24,678.21				752,592.03
	212		07/22/2028			27,269.11				2,508.64				24,760.47				727,831.56
	213		08/22/2028			27,269.11				2,426.11				24,843.00				702,988.56
	214		09/22/2028			27,269.11				2,343.30				24,925.81				678,062.75
	215		10/22/2028			27,269.11				2,260.21				25,008.90				653,053.85
	216		11/22/2028			27,269.11				2,176.85				25,092.26				627,961.59
	217		12/22/2028			27,269.11				2,093.21				25,175.90				602,785.69
2028 Totals						327,229.32				30,578.10				296,651.22
	218		01/22/2029			27,269.11				2,009.29				25,259.82				577,525.87
	219		02/22/2029			27,269.11				1,925.09				25,344.02				552,181.85
	220		03/22/2029			27,269.11				1,840.61				25,428.50				526,753.35
	221		04/22/2029			27,269.11				1,755.84				25,513.27				501 ,240.08
	222		05/22/2029			27,269.11				1,670.80				25,598.31				475,641.77
	223		06/22/2029			27,269.11				1.585.47				25,683.64				449,958.13
	224		07/22/2029			27,269.11				1,499.86				25,769.25				424,188.88
	225		08/22/2029			27,269.11				1,413.96				25,855.15				398,333.73
	226		09/22/2029			27,269.11				1,327.78				25,941.33				372,392.40
	227		10/22/2029			27,269.11				1,241.31				26,027.80				346,364.60
	228		11/22/2029			27,269.11				1,154.55				26,114.56				320,250.04
	229		12/22/2029			27,269.11				1,067.50				26,201.61				294,048.43
2029 Totals						327,229.32				18,492.06				308,737.26
	230		01/22/2030			27,269.11				980.16				26,288.95				267,759.48
	231		02/22/2030			27,269.11				892.53				26,376.58				241,382.90
	232		03/22/2030			27,269.11				804.61				26,464.50				214,918.40
	233		04/22/2030			27,269.11				716.39				26,552.72				188,365.68
	234		05/22/2030			27,269.11				627.89				26,641.22				161,724.46
	235		06/22/2030			27,269.11				539.08				26,730.03				134,994.43
	236		07/22/2030			27,269.11				449.98				26,819.13				108,175.30
	237		08/22/2030			27,269.11				360.58				26,908.53				81,266.77
	238		09/22/2030			27,269.11				270.89				26,998.22				54,268.55
	239		10/22/2030			27,269.11				180.90				27,088.21				27,180.34
	240		11/22/2030			27,269.11				88.77				27,180.34				0.00

Wildcat Ski Area Acquisition Note

Date		Payment			Interest				Principal				Balance
2030 Totals			299,960.21				5,911.78				294,048.43
Grand Totals			6,544,586.40				2,044,586.40				4,500,000.00

Last interest amount decreased by 1.83 due to rounding.