Bethlehem Farm, Inc.

P.O. Box 415 Talcott, WV 24981 (304) 445-7143 caretakers@bethlehemfarm.net

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CommunityLoanProgramInfoSheet ForfinancingtheconstructionoftheCaretakerResidenceatBethlehemFarm OurgoalistobuildaCaretakerResidencethatoffersamoresuitableandsustainablelivingspacefor theCaretakers,whilealsoprovidingmorespaceintheretreathouseforparticipants.Weinviteyou tohelpusBuildaHousewhereLovecanDwell.Wehavea$114,000gaptoclosebeforewecan beginconstruction.IfwemeetourgoalbyJune26th,thenconstructioncanbeginthisfall!(orby Dec31stforaMarch1ststart.) Forthisreason,wewillseektobridgethegapbysolicitingloansfromoursupporters. Thisisacommunityethicalmicrolendingeffort.Ratherthanapproachahugebankforahugesum andhaveourinterestgotowardswhoknowswhat,weareapproachingfriendswhomayhavesome savingsthattheywantthesameorbetterinterestrateon.Theyknowthattheirfundsareworking forgoodandweknowthatourinterestishelpingfriendsplanforthefuture. *Wearelookingforloanamountsofatleast$1,000.

*Wehopetolineuppromisesforloansandthenonlycalluponthemifweneedthem.Wedonot expecttocallonanyloansuntilOctober1st,2012.Ifsomebiggrantsordonationscomethroughorif constructioncostsareunexpectedlylow,thenwemaynotneedtocallontheloansatall.Ifsomeone hasaCDcomingtotermandneedstoofferaloanbeginningonacertaindate,thenwewillhaveto takeitorleaveitbythatdate.LoanswillbepaidbackquarterlybeginningOctober1,2013.

*Weplantopaybackloansquarterlyoverthecourseof5years.Weprefertopaybackona schedule,sowecanbudgetforitandnotaccumulateasmuchinterest,butifsomeoneneedstobe paidbackinalumpsumoronadifferentschedule,thenwewillconsiderthatarrangementaswell.

*Wewillofferupto5%interest.Inthepast,somepeoplehavenotaskedforinterest,whichis welcomeonourend,butnotexpected.Somepeoplewillwantthesameinteresttheyarecurrently getting.Andsomepeoplewillneedmoreinterestthantheyarecurrentlygettinginorderto compensatefortheadditionalrisk.Wewillaskpeoplewhatinterestratetheyneedfortheloanto makesenseforthemandwe'llacceptloansinorderfromlowesttohighestinterest,ifandwhenwe needtocallontheloans.

*InterestincomepaidwillbereportedtotheIRSandthelenderonForm1099INT.

*ItisimportanttonotethatthesecurityofaloantoBethlehemFarmisbasedontrust,our relationship,andtheFarmsperfectcredithistory.Itisnotsecuredwithcashorrealpropertynorisit FDICinsuredinthecaseofunforeseencircumstances,soitisriskierthanaCDinthatregard. *Wewillsignacontract,sothatthetermsoftheloanareclearandinwriting. Thankyouforbeingopentosharinginthisway!Pleaseletusknowifyouhaveanyquestions.Weare hopingtohavecommitments(amountandinterestrate)byJune26th.

CommunityLoanProgramInitialPromise ForfinancingtheconstructionoftheCaretakerResidenceatBethlehemFarm InitialPromise: InthecasethatBethlehemFarmneedstodrawaloanforthecompletionoftheCaretakerResidence project,I,____________________(thelender),agreetoofferBethlehemFarm(theborrower) $______________(amount$1,000orgreater)at_____%interest(upto5%)forafiveyearperiod, paidbackquarterlybeginningOctober1,2013.IhavereadtheCommunityLoanProgramInfoSheet. Additionalcommentsorstipulations(differentterm,paymentschedule,etc.): ___________________________ _______________ Signatureoflender Date

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CommunityLoanProgramAgreement ForfinancingtheconstructionoftheCaretakerResidenceatBethlehemFarm (tobesignedandsentwithloanamountwhentheloaniscalledupon)

PROMISSORY NOTE
Principal amount: $____________________ DATE, _____/_____/_____

FOR VALUE RECEIVED, BETHLEHEM FARM, INC (Borrower) promises to pay __________________________________ (Lender) the sum of _____________________ Dollars ($_______________), and interest at the yearly rate of _____% on the unpaid balance as specified below. Repayment shall be made in __________ quarterly installments, consisting of $______per installment on the first day of the quarter (Oct., Jan., April and July) and continue through for 16 quarters (last payment being on June 1st, 2017), or until the principal is paid in full. OR, Borrower will pay one lump payment in lawful money of the United States on October 1, 2013. If the Borrower fails to make an installment payment when due or fails to comply with any other term of this promissory note, the loan will be considered in default. A late penalty charge of __________________ Dollars per (month/day) will be assessed until the account is brought current inclusive of the late charges and interest. Lender understands that the principal and interest owed under this promissory note are secured by the trust, relationship and established credit history of the Borrower and not by any cash, real property, or FDIC guarantees.
Payments will be applied first to interest and then to principal. This note may be prepaid by the Borrower at any time in whole or in part without premium or penalty. The Borrower must promptly inform the Lender of any change in name or address. If the Lender prevails in a lawsuit to collect on this note, Borrower will pay Lender's court costs, collection agency costs, and attorney's fees in an amount the court finds to be reasonable.

IN WITNESS WHEREOF, and acknowledging acceptance and agreement with the foregoing, BORROWER and LENDER affix their signatures hereto BORROWER(S) LENDER(S)

______________________________ BETHLEHEMFARM,INC By: Title: Dated:

Service Community

_______________________________ John&JaneDoe Dated:

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Prayer

Simplicity

Sustainability