| CURRENT BOND OFFERING: | |
|---|---|
| Principal Amount Offered: | $35,000,000 |
| Minimum Purchase: | $100,000 |
| Term: | 5 years |
| Interest Rate: | 10% per Annum |
| Interest Payments: | Interest will be paid monthly. |
| Early Redemption | The Notes may be redeemed at any time by payment of 100% of the principal amount and all accrued and unpaid interest. |
| Security: | Each note will be secured by: - Real property owned by the companies - Real mortgages owned by the companies - TLI’s various ownership in operating subsidiaries - Cash of the companies - Corporate guarantees of the parent company |
| Investors: | Accredited investors only |