Ford New Holland, Inc. Loan Regulations

5 The loan referred to in section 3 is payable as follows:

• (a) the principal of $31,850,000 is to be repaid in 120 equal monthly instalments of $265,000 each commencing on July 31, 2003, and

• (b) the balance of the principal outstanding, if any, is due and payable on July 31, 2013.