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					Carburritos Fresh Grill, Inc.
Assumptions
2/15/2012

Spreadsheet Conventions
Blue text and blue numbers are freely editable descriptions and assumptions. This data automatically propagates throughout th
Black text and numbers are math formulas or descriptions edited by consultant during financial model creation. This data is not
Green numbers are calculated projections. Actual results can be input by client on a copy to project the impact of actual results

COGS Assumptions

                                                                                 net revenue      total cost
First time customer                                                  36%              $11            $3.96
Repeat customers                                                     36%              $11            $3.96
New Franchises Signed                                                 0%           $35,000            $0
Monthly Franchise Royalties                                          22%            $9,200          $2,000
Revenue Category 5                                                    0%               $0             $0
Revenue Category 6                                                    0%               $0             $0
Revenue Category 7                                                    0%               $0             $0
Revenue Category 8                                                    0%               $0             $0
Revenue Category 9                                                    0%               $0             $0
Revenue Category 10                                                   0%               $0             $0

Inventory Assumptions

Starting Inventory                                                   $0         Note: Inventory added for each new location
% of monthly COGS used to purchase inventory                        100%
% of inventory used/charged to jobs                                 100%

Personnel Assumptions

Percentage for annual salary increases                                5%
Monthly health insurance cost per person Year 1                      $100
Monthly health insurance cost per person Year 2                      $125
Monthly health insurance cost per person Year 3                      $150

Cashflow Assumptions

Accounts Receivable                                                 Month
First time customer                                                  0          0 = same month
Repeat customers                                                     0          1 = 30 days
New Franchises Signed                                                1          2 = 60 days
Monthly Franchise Royalties                                          1          3 = 90 days
Revenue Category 5                                                   0          4 = 120 days
Revenue Category 6                                                   0          5 = 150 days
Revenue Category 7                                                   0
Revenue Category 8                                                   0
Revenue Category 9                                                   0
Revenue Category 10                                                  0

Accounts Payable                                                    Month
COGS                                                            0
SG&A                                                            0
Capital Expenditures                                            0
Taxes                                                           0

Recent Income Statement

Statement date                                              2/15/2012

Revenue                                                        $0
Cost of Goods Sold (COGS)                                      $0
Selling, General & Administrative Expenses (SG&A)              $0
Tax provision                                                  $0

Recent Balance Sheet                                                                      Month 1

Statement date                                              2/15/2012
Retained deficit before Year 1                                 $0

Beginning cash                                                 $0
Beginning accounts receivable                                  $0         Cash in >>>        $0
 Cash in from accounts receivable in Year 1 - cross check      $0
Beginning current assets                                       $0
Beginning fixed and other assets                               $0

Beginning accounts payable                                   $7,500
Beginning short term notes                                     $0
Beginning current liabilities                                  $0        Payments are entered on the Balance page
Beginning long term debt                                       $0
Beginning long term liabilities                                $0

Capitalization Assumptions                                                                Month 1

Investment capital raised for the business                  $2,000,000
% of capital raised subject to commissions / fees             100%
Fees for raising capital - percentage                          10%
Fees for raising capital - amount                            $200,000
Net to company for capital subject to fees                  $1,800,000
Investment capital raised not subject to fees                   $0
Subotal net investment capital                              $1,800,000
Grand total starting capital                                $1,800,000
Month and amount of starting capital infusion                             Cash in >>>     $500,000
  Cash in from capital infusion - cross check               $1,800,000

Amount raised with convertible notes                        $2,000,000
Interest rate                                                   10%
End of Year 1 principal and interest                        $2,200,000
End of Year 2 principal and interest                        $2,420,000
Conversion price                                               $1.00
Converted to this many shares (number to reserve)            2,420,000

Common share price                                            $1.00
Amount raised at common share price             $0
Number of shares at asking price                 0
Number of shares per unit                     25,000
Unit price                                   $25,000

State and company type                    Florida C Corporation
Common stock authorized                    100,000,000
Preferred stock authorized                  10,000,000
Common stock outstanding                     6,000,000
Preferred stock outstanding                      0
Edit share series description as needed   Series A Shares (fully subscribed)
ally propagates throughout the entire spreadsheet most of the time.
del creation. This data is not normally edited by client.
ct the impact of actual results on projected performance.




             For additional advertising expense




added for each new location on the COGS page
               Month 2    Month 3    Month 4    Month 5   Month 6   Month 7   Month 8




                  $0        $0         $0         $0        $0        $0        $0




red on the Balance page



               Month 2    Month 3    Month 4    Month 5   Month 6   Month 7   Month 8




              $500,000    $500,000   $300,000     $0        $0        $0        $0
Month 9   Month 10   Month 11   Month 12




  $0        $0         $0         $0




Month 9   Month 10   Month 11   Month 12   Month 13   Month 14   Month 15




  $0        $0         $0         $0         $0         $0         $0
Month 16   Month 17   Month 18   Month 19   Month 20   Month 21   Month 22




  $0         $0         $0         $0         $0         $0         $0
Month 23   Month 24   Month 25   Month 26   Month 27   Month 28   Month 29




  $0         $0         $0         $0         $0         $0         $0
Month 30   Month 31   Month 32   Month 33   Month 34   Month 35   Month 36




  $0         $0         $0         $0         $0         $0         $0
Carburritos Fresh Grill, Inc.
Development Data
2/15/2012


Development Schedule                           Month 1       Month 2       Month 3       Month 4
Find location
Get lease
Get ready to open


Budget to Support Development                  Month 1       Month 2       Month 3
Find location                                    $0             $0            $0
Get lease                                      $30,000          $0            $0
Get ready to open                                $0          $250,000      $120,000
Totals                                         $30,000       $250,000      $120,000


Corporate Locations                            Month 1       Month 2       Month 3       Month 4
Number of new locations started                  1             0             0             1
Cumulative number of locations started           1             1             1             2
Open 4 months after location started
Cumulative locations open                                                                   1


Capital Expenses for new locations             Month 1       Month 2       Month 3       Month 4
Total capital expenses                         $30,000       $250,000      $120,000      $30,000


Revenue Generation Cycle                       Month 1       Month 2       Month 3       Month 4
Initial new connection
Revenue
Repeat revenue


New Connections                              Approximate new connections per month per location
Internet Initiatives                             5,000
Flyers                                           5,000
Public Relations                                 5,000


Franchise Locations                            Month 1       Month 2       Month 3       Month 4
Number of new locations started                  0             0             0             0
Cumulative number of locations started           0             0             0             0
Open 4 months after location started
Cumulative locations open                                                                   0


Franchise Assumptions
Franchise fee                                   $35,000
Monthly revenue per open franchise             $115,000
Percentage of gross revenue as royalty           8.00%    Includes advertisnig fee
Monthly royalties from each open franchise       $9,200
Month 5    Month 6    Month 7   Month 8    Month 9    Month 10   Month 11




Month 5    Month 6    Month 7   Month 8    Month 9    Month 10   Month 11
  0          0          1         0          0           0          0
  2          2          3         3          3           3          3

   1          1         2          2          2          3          3


Month 5    Month 6    Month 7   Month 8    Month 9    Month 10   Month 11
$250,000   $120,000   $30,000   $250,000   $120,000     $0         $0


Month 5    Month 6    Month 7   Month 8    Month 9    Month 10   Month 11




Month 5    Month 6    Month 7   Month 8    Month 9    Month 10   Month 11
  0          1          0         1          0           1          1
  0          1          1         2          2           3          4

   0          0         0          0          1          1          2
Month 12   Month 13   Month 14   Month 15   Month 16   Month 17   Month 18




Month 12   Month 13   Month 14   Month 15   Month 16   Month 17   Month 18
   0          1          0          0          1          0          0
   3          4          4          4          5          5          5

   3          3          3          3          4          4          4


Month 12   Month 13   Month 14   Month 15   Month 16   Month 17   Month 18
  $0       $30,000    $250,000   $120,000   $30,000    $250,000   $120,000


Month 12   Month 13   Month 14   Month 15   Month 16   Month 17   Month 18




Month 12   Month 13   Month 14   Month 15   Month 16   Month 17   Month 18
   1          0          1          0          1          0          1
   5          5          6          6          7          7          8

   2          3          4          5          5          6          6
Month 19   Month 20   Month 21   Month 22   Month 23   Month 24   Month 25




Month 19   Month 20   Month 21   Month 22   Month 23   Month 24   Month 25
   0          0          1          0          0          0          1
   5          5          6          6          6          6          7

   5          5          5          5          5          6          6


Month 19   Month 20   Month 21   Month 22   Month 23   Month 24   Month 25
  $0         $0       $30,000    $250,000   $120,000     $0       $30,000


Month 19   Month 20   Month 21   Month 22   Month 23   Month 24   Month 25




Month 19   Month 20   Month 21   Month 22   Month 23   Month 24   Month 25
   0          1          0          1          0          1          1
   8          9          9         10         10         11         12

   7          7          8          8          9          9         10
Month 26   Month 27   Month 28   Month 29   Month 30   Month 31   Month 32




Month 26   Month 27   Month 28   Month 29   Month 30   Month 31   Month 32
   0          0          1          0          1          0          1
   7          7          8          8          9          9         10

   6          6          7          7          7          8          8


Month 26   Month 27   Month 28   Month 29   Month 30   Month 31   Month 32
$250,000   $120,000   $30,000    $250,000   $150,000   $250,000   $150,000


Month 26   Month 27   Month 28   Month 29   Month 30   Month 31   Month 32




Month 26   Month 27   Month 28   Month 29   Month 30   Month 31   Month 32
   1          1          1          1          1          1          1
  13         14         15         16         17         18         19

  10         11         12         13         14         15         16
Month 33   Month 34   Month 35   Month 36




Month 33   Month 34   Month 35   Month 36
   0          1          0          1
  10         11         11         12

   9          9         10         10


Month 33   Month 34   Month 35   Month 36
$250,000   $150,000   $250,000   $150,000


Month 33   Month 34   Month 35   Month 36




Month 33   Month 34   Month 35   Month 36
   1          2          2          1
  20         22         24         25

  17         18         19         20
Carburritos Fresh Grill, Inc.
Buildout
2/15/2012

Buildout Schedule                   Month 1   Month 2    Month 3
Buildout curve                      $30,000   $250,000   $120,000
Number of new locations per month      1         0          0

Month 1                             $30,000   $250,000   $120,000
Month 2                                          $0         $0
Month 3                                                     $0
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Month 13
Month 14
Month 15
Month 16
Month 17
Month 17
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Month 25
Month 26
Month 27
Month 28
Month 29
Month 30
Month 31
Month 32
Month 33
Month 34
Month 35
Month 36
Totals                              $30,000   $250,000   $120,000
Month 4   Month 5    Month 6    Month 7   Month 8    Month 9    Month 10
  $0        $0         $0         $0        $0         $0         $0
   1         0          0          1         0          0          0

  $0         $0         $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
$30,000   $250,000   $120,000     $0         $0         $0        $0
             $0         $0        $0         $0         $0        $0
                        $0        $0         $0         $0        $0
                                $30,000   $250,000   $120,000     $0
                                             $0         $0        $0
                                                        $0        $0
                                                                  $0




$30,000   $250,000   $120,000   $30,000   $250,000   $120,000     $0
Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
  $0         $0         $0         $0         $0         $0         $0
   0          0          1          0          0          1          0

  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
             $0         $0          $0         $0        $0          $0
                      $30,000    $250,000   $120,000     $0          $0
                                    $0         $0        $0          $0
                                               $0        $0          $0
                                                       $30,000    $250,000
                                                                     $0




  $0         $0       $30,000    $250,000   $120,000   $30,000    $250,000
Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
  $0         $0         $0         $0         $0         $0         $0
   0          0          0          1          0          0          0

   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
$120,000     $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
             $0         $0         $0          $0         $0        $0
                        $0         $0          $0         $0        $0
                                 $30,000    $250,000   $120,000     $0
                                               $0         $0        $0
                                                          $0        $0
                                                                    $0




$120,000     $0         $0       $30,000    $250,000   $120,000     $0
Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
  $0         $0         $0         $0         $0         $0         $0
   1          0          0          1          0          1          0

  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
$30,000    $250,000   $120,000     $0          $0         $0         $0
              $0         $0        $0          $0         $0         $0
                         $0        $0          $0         $0         $0
                                 $30,000    $250,000   $120,000      $0
                                               $0         $0         $0
                                                        $30,000   $250,000
                                                                     $0




$30,000    $250,000   $120,000   $30,000    $250,000   $150,000   $250,000
Month 32   Month 33   Month 34   Month 35   Month 36
  $0         $0         $0         $0         $0
   1          0          1          0          1

   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
$120,000      $0         $0         $0         $0
   $0         $0         $0         $0         $0
 $30,000   $250,000   $120,000      $0         $0
              $0         $0         $0         $0
                       $30,000   $250,000   $120,000
                                    $0         $0
                                             $30,000
$150,000   $250,000   $150,000   $250,000   $150,000
Carburritos Fresh Grill, Inc.
Marketing Projections
2/15/2012

Marketing Initiatives                                 Month 1   Month 2

Number of corporate locations open                      0         0

Internet Initiatives
 Number of initiatives per month                        0         0
 Number of new connections per initiative    5,000
 Total number of new connections per month              0         0
 Total average cost for each initiative      $1,000
 Total monthly cost of new connections                  $0        $0

Flyers
 Number of initiatives per month                        0         0
 Number of new connections per initiative    5,000
 Total number of new connections per month              0         0
 Total average cost for each initiative      $1,000
 Total monthly cost of new connections                  $0        $0

Public Relations
 Number of initiatives per month                        0         0
 Number of new connections per initiative    5,000
 Total number of new connections per month              0         0
 Total average cost for each initiative      $1,000
 Total monthly cost of new connections                  $0        $0

Initiative 4
 Number of initiatives per month                        0         0
 Number of new connections per initiative      0
 Total number of new connections per month              0         0
 Total average cost for each initiative       $0
 Total monthly cost of new connections                  $0        $0

Initiative 5
 Number of initiatives per month                        0         0
 Number of new connections per initiative      0
 Total number of new connections per month              0         0
 Total average cost for each initiative       $0
 Total monthly cost of new connections                  $0        $0

Initiative 6
 Number of initiatives per month                        0         0
 Number of new connections per initiative      0
 Total number of new connections per month              0         0
 Total average cost for each initiative       $0
 Total monthly cost of new connections                  $0        $0

Initiative 7
 Number of initiatives per month                           0         0
 Number of new connections per initiative       0
 Total number of new connections per month                 0         0
 Total average cost for each initiative         $0
 Total monthly cost of new connections                     $0        $0

Initiative 8
 Number of initiatives per month                           0         0
 Number of new connections per initiative       0
 Total number of new connections per month                 0         0
 Total average cost for each initiative         $0
 Total monthly cost of new connections                     $0        $0

Marketing Summary                                        Month 1   Month 2

Subtotal marketing expense                                 $0        $0
Additional marketing budget                              $1,000    $1,000
Grand total monthly marketing expense                    $1,000    $1,000

 Total number of new connections                            0         0
 Total average cost per new connection                    $0.00     $0.00


Marketing Summary
Year 1
 Total number of new connections             270,000
 Total average cost per new connection        $0.20
 Additional marketing budget                 $12,000
 Total marketing expense                     $66,000
Year 2
 Total number of new connections              780,000
 Total average cost per new connection         $0.20
 Additional marketing budget                  $12,000
 Total marketing expense                     $168,000
Year 3
 Total number of new connections             1,395,000
 Total average cost per new connection         $0.20
 Additional marketing budget                  $12,000
 Total marketing expense                     $291,000


Marketing Initiatives
Internet Initiatives
 Number of new connections per initiative      5,000
 Total average cost for each initiative       $1,000
 Number of initiatives in Year 1                18
 Number of initiatives in Year 2                52
 Number of initiatives in Year 3                93
Flyers
 Number of new connections per initiative      5,000
 Total average cost for each initiative       $1,000
 Number of initiatives in Year 1             18
 Number of initiatives in Year 2             52
 Number of initiatives in Year 3             93
Public Relations
 Number of new connections per initiative    5,000
 Total average cost for each initiative     $1,000
 Number of initiatives in Year 1              18
 Number of initiatives in Year 2              52
 Number of initiatives in Year 3              93
Initiative 4
 Number of new connections per initiative     0
 Total average cost for each initiative      $0
 Number of initiatives in Year 1              0
 Number of initiatives in Year 2              0
 Number of initiatives in Year 3              0
Initiative 5
 Number of new connections per initiative     0
 Total average cost for each initiative      $0
 Number of initiatives in Year 1              0
 Number of initiatives in Year 2              0
 Number of initiatives in Year 3              0
Initiative 6
 Number of new connections per initiative     0
 Total average cost for each initiative      $0
 Number of initiatives in Year 1              0
 Number of initiatives in Year 2              0
 Number of initiatives in Year 3              0
Initiative 7
 Number of new connections per initiative     0
 Total average cost for each initiative      $0
 Number of initiatives in Year 1              0
 Number of initiatives in Year 2              0
 Number of initiatives in Year 3              0
Initiative 8
 Number of new connections per initiative     0
 Total average cost for each initiative      $0
 Number of initiatives in Year 1              0
 Number of initiatives in Year 2              0
 Number of initiatives in Year 3              0
Month 3   Month 4   Month 5   Month 6   Month 7   Month 8   Month 9

  0         1         1         1         2         2         2


  0         1         1         1         2         2         2

  0        5,000     5,000     5,000    10,000    10,000    10,000

  $0      $1,000    $1,000    $1,000    $2,000    $2,000    $2,000


  0         1         1         1         2         2         2

  0        5,000     5,000     5,000    10,000    10,000    10,000

  $0      $1,000    $1,000    $1,000    $2,000    $2,000    $2,000


  0         1         1         1         2         2         2

  0        5,000     5,000     5,000    10,000    10,000    10,000

  $0      $1,000    $1,000    $1,000    $2,000    $2,000    $2,000


  0         0         0         0         0         0         0

  0         0         0         0         0         0         0

  $0        $0        $0        $0        $0        $0        $0


  0         0         0         0         0         0         0

  0         0         0         0         0         0         0

  $0        $0        $0        $0        $0        $0        $0


  0         0         0         0         0         0         0

  0         0         0         0         0         0         0

  $0        $0        $0        $0        $0        $0        $0
  0         0         0         0         0         0         0

  0         0         0         0         0         0         0

  $0        $0        $0        $0        $0        $0        $0


  0         0         0         0         0         0         0

  0         0         0         0         0         0         0

  $0        $0        $0        $0        $0        $0        $0

Month 3   Month 4   Month 5   Month 6   Month 7   Month 8   Month 9

  $0      $3,000    $3,000    $3,000    $6,000    $6,000    $6,000
$1,000    $1,000    $1,000    $1,000    $1,000    $1,000    $1,000
$1,000    $4,000    $4,000    $4,000    $7,000    $7,000    $7,000

   0      15,000    15,000    15,000    30,000    30,000    30,000
 $0.00     $0.20     $0.20     $0.20     $0.20     $0.20     $0.20
Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16

   3          3          3          3          3          3          4


   3          3          3          3          3          3          4

 15,000     15,000     15,000     15,000     15,000     15,000     20,000

 $3,000     $3,000     $3,000     $3,000     $3,000     $3,000     $4,000


   3          3          3          3          3          3          4

 15,000     15,000     15,000     15,000     15,000     15,000     20,000

 $3,000     $3,000     $3,000     $3,000     $3,000     $3,000     $4,000


   3          3          3          3          3          3          4

 15,000     15,000     15,000     15,000     15,000     15,000     20,000

 $3,000     $3,000     $3,000     $3,000     $3,000     $3,000     $4,000


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0

Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16

 $9,000     $9,000     $9,000     $9,000     $9,000     $9,000    $12,000
 $1,000     $1,000     $1,000     $1,000     $1,000     $1,000     $1,000
$10,000    $10,000    $10,000    $10,000    $10,000    $10,000    $13,000

 45,000     45,000     45,000     45,000     45,000     45,000     60,000
  $0.20      $0.20      $0.20      $0.20      $0.20      $0.20      $0.20
Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23

   4          4          5          5          5          5          5


   4          4          5          5          5          5          5

 20,000     20,000     25,000     25,000     25,000     25,000     25,000

 $4,000     $4,000     $5,000     $5,000     $5,000     $5,000     $5,000


   4          4          5          5          5          5          5

 20,000     20,000     25,000     25,000     25,000     25,000     25,000

 $4,000     $4,000     $5,000     $5,000     $5,000     $5,000     $5,000


   4          4          5          5          5          5          5

 20,000     20,000     25,000     25,000     25,000     25,000     25,000

 $4,000     $4,000     $5,000     $5,000     $5,000     $5,000     $5,000


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23

$12,000    $12,000    $15,000    $15,000    $15,000    $15,000    $15,000
 $1,000     $1,000     $1,000     $1,000     $1,000     $1,000     $1,000
$13,000    $13,000    $16,000    $16,000    $16,000    $16,000    $16,000

 60,000     60,000     75,000     75,000     75,000     75,000     75,000
  $0.20      $0.20      $0.20      $0.20      $0.20      $0.20      $0.20
Month 24   Month 25   Month 26   Month 27   Month 28   Month 29   Month 30

   6          6          6          6          7          7          7


   6          6          6          6          7          7          7

 30,000     30,000     30,000     30,000     35,000     35,000     35,000

 $6,000     $6,000     $6,000     $6,000     $7,000     $7,000     $7,000


   6          6          6          6          7          7          7

 30,000     30,000     30,000     30,000     35,000     35,000     35,000

 $6,000     $6,000     $6,000     $6,000     $7,000     $7,000     $7,000


   6          6          6          6          7          7          7

 30,000     30,000     30,000     30,000     35,000     35,000     35,000

 $6,000     $6,000     $6,000     $6,000     $7,000     $7,000     $7,000


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0          0

   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0

Month 24   Month 25   Month 26   Month 27   Month 28   Month 29   Month 30

$18,000    $18,000    $18,000    $18,000    $21,000    $21,000    $21,000
 $1,000     $1,000     $1,000     $1,000     $1,000     $1,000     $1,000
$19,000    $19,000    $19,000    $19,000    $22,000    $22,000    $22,000

 90,000     90,000     90,000     90,000    105,000    105,000    105,000
  $0.20      $0.20      $0.20      $0.20     $0.20      $0.20      $0.20
Month 31   Month 32   Month 33   Month 34   Month 35   Month 36

   8          8          9          9         10         10


   8          8          9          9         10         10

 40,000     40,000     45,000     45,000     50,000     50,000

 $8,000     $8,000     $9,000     $9,000    $10,000    $10,000


   8          8          9          9         10         10

 40,000     40,000     45,000     45,000     50,000     50,000

 $8,000     $8,000     $9,000     $9,000    $10,000    $10,000


   8          8          9          9         10         10

 40,000     40,000     45,000     45,000     50,000     50,000

 $8,000     $8,000     $9,000     $9,000    $10,000    $10,000


   0          0          0          0          0          0

   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0

   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0

   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0

   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0


   0          0          0          0          0          0

   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0

Month 31   Month 32   Month 33   Month 34   Month 35   Month 36

$24,000    $24,000    $27,000    $27,000    $30,000    $30,000
 $1,000     $1,000     $1,000     $1,000     $1,000     $1,000
$25,000    $25,000    $28,000    $28,000    $31,000    $31,000

120,000    120,000    135,000    135,000    150,000    150,000
 $0.20      $0.20      $0.20      $0.20      $0.20      $0.20
Carburritos Fresh Grill, Inc.
Revenue Projections
2/15/2012

Revenue Model                                             Month 1   Month 2

Marketing Pipeline - Stage 1

Total new connections per month                             0         0

Connections That Come In - Stage 2

New connections per month                                   0         0
Percentage of new connections that come in       15.00%
Number of new connections that come in                      0         0

Daily traffic that passes each location          50,000
Daily traffic that passes all open locations                0         0
Percentage of daily traffic that comes in        0.25%
Number of visitors from daily traffic per day               0         0
Number of visitors per month                                0         0

Total monthly new customer visits                           0         0

Revenue - Stage 3                                         Month 1   Month 2

First time customer                                         $0        $0
 Number of new customer visits                               0         0
 Percentage that order per month                 100%
 Net revenue per order Year 1                    $11.00
 Net revenue per order Year 2                    $12.00
 Net revenue per order Year 3                    $13.00
 Number of new orders per month                             0         0

 Average number of days per month                  30
 Average number of orders per day per location

Repeat customers                                            $0        $0
 Number of first time customers that order                   0         0
 Percentage that order next month                 75%
 Number that order next month                                         0
 Net revenue per order Year 1                    $11.00
 Net revenue per order Year 2                    $12.00
 Net revenue per order Year 3                    $13.00
 Number of new orders per month                             0         0

 Average number of days per month                  30
 Average number of orders per day per location

New Franchises Signed                                       $0        $0
 Number of newly signed franchises                           0         0
 Net revenue per order             $35,000
 Number of new orders per month                0         0

Monthly Franchise Royalties                    $0        $0
 Number of open franchises                      0         0
 Net revenue per order             $9,200
 Number of new orders per month                0         0

Revenue Category 5                             $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Category 6                             $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Category 7                             $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Category 8                             $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Category 9                             $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Category 10                            $0        $0
 Number of qualified prospects                  0         0
 Percentage that order per month   0.00%
 Net revenue per order               $0
 Number of new orders per month                0         0

Revenue Totals                               Month 1   Month 2
First time customer                            $0        $0
Repeat customers                               $0        $0
New Franchises Signed                          $0        $0
Monthly Franchise Royalties                    $0        $0
Revenue Category 5                             $0        $0
Revenue Category 6                             $0        $0
Revenue Category 7                             $0        $0
Revenue Category 8                                    $0            $0
Revenue Category 9                                    $0            $0
Revenue Category 10                                   $0            $0
Monthly Revenue Totals                                $0            $0

Annual Revenue Totals


Annual Revenue Summary                   Year 1      Year 2        Year 3
First time customer                   $1,188,000   $3,744,000    $7,254,000
Repeat customers                       $742,500    $2,646,000    $5,206,500
New Franchises Signed                  $175,000     $210,000      $490,000
Monthly Franchise Royalties             $55,200     $708,400     $1,610,000
Revenue Category 5                        $0           $0            $0
Revenue Category 6                        $0           $0            $0
Revenue Category 7                        $0           $0            $0
Revenue Category 8                        $0           $0            $0
Revenue Category 9                        $0           $0            $0
Revenue Category 10                       $0           $0            $0
Totals                                $2,160,700   $7,308,400   $14,560,500


Revenue Summary                         Year 1       Year 2       Year 3
Marketing Pipeline - Stage 1
Total new connections per year         270,000      780,000      1,395,000
Connections That Come In - Stage 2
Total new customer visits per year     108,000      312,000      558,000
Revenue - Stage 3
First time customer
 Net revenue per order Year 1                        $11.00
 Number of new orders per year         108,000      312,000      558,000
 Total revenue per year               $1,188,000   $3,744,000   $7,254,000
 Percentage of total annual revenue      55%          51%          50%
Repeat customers
 Net revenue per order Year 1                        $11.00
 Number of new orders per year         67,500       220,500      400,500
 Total revenue per year               $742,500     $2,646,000   $5,206,500
 Percentage of total annual revenue     34%           36%          36%
New Franchises Signed
 Net revenue per order                             $35,000.00
 Number of new orders per year           5              6           14
 Total revenue per year               $175,000      $210,000     $490,000
 Percentage of total annual revenue     8%            3%           3%
Monthly Franchise Royalties
 Net revenue per order                             $9,200.00
 Number of new orders per year            6            77           175
 Total revenue per year                $55,200     $708,400     $1,610,000
 Percentage of total annual revenue      3%          10%           11%
Revenue Category 5
 Net revenue per order                               $0.00
 Number of new orders per year            0            0             0
 Total revenue per year                  $0           $0            $0
 Percentage of total annual revenue      0%           0%            0%
Revenue Category 6
 Net revenue per order                               $0.00
 Number of new orders per year            0            0             0
 Total revenue per year                  $0           $0            $0
 Percentage of total annual revenue      0%           0%            0%
Revenue Category 7
 Net revenue per order                               $0.00
 Number of new orders per year            0            0             0
 Total revenue per year                  $0           $0            $0
 Percentage of total annual revenue      0%           0%            0%
Revenue Category 8
 Net revenue per order                               $0.00
 Number of new orders per year            0            0             0
 Total revenue per year                  $0           $0            $0
 Percentage of total annual revenue      0%           0%            0%
Revenue Category 9
 Net revenue per order                               $0.00
 Number of new orders per year            0            0             0
 Total revenue per year                  $0           $0            $0
 Percentage of total annual revenue      0%           0%            0%
Revenue Category 10
 Net revenue per order                                $0.00
 Number of new orders per year             0            0             0
 Total revenue per year                   $0           $0            $0
 Percentage of total annual revenue       0%           0%           0%
Total Revenue                         $2,160,700   $7,308,400   $14,560,500
Month 3   Month 4   Month 5   Month 6   Month 7    Month 8    Month 9



  0       15,000    15,000    15,000     30,000     30,000     30,000



  0       15,000    15,000    15,000     30,000     30,000     30,000

  0        2,250     2,250     2,250     4,500      4,500      4,500


  0       50,000    50,000    50,000    100,000    100,000    100,000

  0         125       125       125       250        250        250
  0        3,750     3,750     3,750     7,500      7,500      7,500

  0        6,000     6,000     6,000     12,000     12,000     12,000

Month 3   Month 4   Month 5   Month 6   Month 7    Month 8    Month 9

  $0      $66,000   $66,000   $66,000   $132,000   $132,000   $132,000
   0       6,000     6,000     6,000     12,000     12,000     12,000




  0        6,000     6,000     6,000     12,000     12,000     12,000


           200       200       200        200        200        200

  $0        $0      $49,500   $49,500   $49,500    $99,000    $99,000
   0       6,000     6,000     6,000     12,000     12,000     12,000

  0         0        4,500     4,500     4,500      9,000      9,000



  0         0        4,500     4,500     4,500      9,000      9,000


                     150       150        150        150        150

  $0        $0        $0      $35,000     $0       $35,000      $0
   0         0         0         1         0          1          0
  0         0         0         1          0          1          0

  $0        $0        $0        $0        $0         $0        $9,200
   0         0         0         0         0          0          1

  0         0         0         0          0          0          1

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

  $0        $0        $0        $0        $0         $0         $0
   0         0         0         0         0          0          0


  0         0         0         0          0          0          0

Month 3   Month 4   Month 5   Month 6   Month 7    Month 8    Month 9
  $0      $66,000   $66,000   $66,000   $132,000   $132,000   $132,000
  $0        $0      $49,500   $49,500    $49,500    $99,000    $99,000
  $0        $0        $0      $35,000      $0       $35,000       $0
  $0        $0        $0        $0         $0         $0        $9,200
  $0        $0        $0        $0         $0         $0          $0
  $0        $0        $0        $0         $0         $0          $0
  $0        $0        $0        $0         $0         $0          $0
 $0        $0         $0         $0         $0         $0         $0
 $0        $0         $0         $0         $0         $0         $0
 $0        $0         $0         $0         $0         $0         $0
 $0      $66,000   $115,500   $150,500   $181,500   $266,000   $240,200




Year 1   Year 2     Year 3
 55%      51%        50%
 34%      36%        36%
  8%       3%         3%
  3%      10%        11%
  0%       0%         0%
  0%       0%         0%
  0%       0%         0%
  0%       0%         0%
  0%       0%         0%
  0%       0%         0%
100%     100%       100%
Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16



 45,000     45,000     45,000     45,000     45,000     45,000     60,000



 45,000     45,000     45,000     45,000     45,000     45,000     60,000

 6,750      6,750      6,750      6,750      6,750      6,750      9,000


150,000    150,000    150,000    150,000    150,000    150,000    200,000

  375        375        375        375        375        375        500
 11,250     11,250     11,250     11,250     11,250     11,250     15,000

 18,000     18,000     18,000     18,000     18,000     18,000     24,000

Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16

$198,000   $198,000   $198,000   $216,000   $216,000   $216,000   $288,000
 18,000     18,000     18,000     18,000     18,000     18,000     24,000




 18,000     18,000     18,000     18,000     18,000     18,000     24,000


  200        200        200        200        200        200        200

$99,000    $148,500   $148,500   $162,000   $162,000   $162,000   $162,000
 18,000     18,000     18,000     18,000     18,000     18,000     24,000

 9,000      13,500     13,500     13,500     13,500     13,500     13,500



 9,000      13,500     13,500     13,500     13,500     13,500     13,500


  150        150        150        150        150        150        150

$35,000    $35,000    $35,000      $0       $35,000      $0       $35,000
   1          1          1          0          1          0          1
   1          1          1          0          1          0          1

 $9,200    $18,400    $18,400    $27,600    $36,800    $46,000    $46,000
   1          2          2          3          4          5          5

   1          2          2          3          4          5          5

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16
$198,000   $198,000   $198,000   $216,000   $216,000   $216,000   $288,000
 $99,000   $148,500   $148,500   $162,000   $162,000   $162,000   $162,000
 $35,000    $35,000    $35,000      $0       $35,000      $0       $35,000
  $9,200    $18,400    $18,400    $27,600    $36,800    $46,000    $46,000
    $0        $0         $0         $0         $0         $0         $0
    $0        $0         $0         $0         $0         $0         $0
    $0        $0         $0         $0         $0         $0         $0
   $0         $0         $0           $0         $0         $0         $0
   $0         $0         $0           $0         $0         $0         $0
   $0         $0         $0           $0         $0         $0         $0
$341,200   $399,900   $399,900     $405,600   $449,800   $424,000   $531,000

            Year 1    $2,160,700
Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23



 60,000     60,000     75,000     75,000     75,000     75,000     75,000



 60,000     60,000     75,000     75,000     75,000     75,000     75,000

 9,000      9,000      11,250     11,250     11,250     11,250     11,250


200,000    200,000    250,000    250,000    250,000    250,000    250,000

  500        500        625        625        625        625        625
 15,000     15,000     18,750     18,750     18,750     18,750     18,750

 24,000     24,000     30,000     30,000     30,000     30,000     30,000

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23

$288,000   $288,000   $360,000   $360,000   $360,000   $360,000   $360,000
 24,000     24,000     30,000     30,000     30,000     30,000     30,000




 24,000     24,000     30,000     30,000     30,000     30,000     30,000


  200        200        200        200        200        200        200

$216,000   $216,000   $216,000   $270,000   $270,000   $270,000   $270,000
 24,000     24,000     30,000     30,000     30,000     30,000     30,000

 18,000     18,000     18,000     22,500     22,500     22,500     22,500



 18,000     18,000     18,000     22,500     22,500     22,500     22,500


  150        150        150        150        150        150        150

  $0       $35,000      $0       $35,000      $0       $35,000      $0
   0          1          0          1          0          1          0
   0          1          0          1          0          1          0

$55,200    $55,200    $64,400    $64,400    $73,600    $73,600    $82,800
   6          6          7          7          8          8          9

   6          6          7          7          8          8          9

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
$288,000   $288,000   $360,000   $360,000   $360,000   $360,000   $360,000
$216,000   $216,000   $216,000   $270,000   $270,000   $270,000   $270,000
   $0       $35,000      $0       $35,000      $0       $35,000      $0
 $55,200    $55,200    $64,400    $64,400    $73,600    $73,600    $82,800
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
$559,200   $594,200   $640,400   $729,400   $703,600   $738,600   $712,800

                                                                   Year 2
Month 24   Month 25   Month 26   Month 27   Month 28   Month 29   Month 30



 90,000     90,000     90,000     90,000    105,000    105,000    105,000



 90,000     90,000     90,000     90,000    105,000    105,000    105,000

 13,500     13,500     13,500     13,500     15,750     15,750     15,750


300,000    300,000    300,000    300,000    350,000    350,000    350,000

  750        750        750        750        875        875        875
 22,500     22,500     22,500     22,500     26,250     26,250     26,250

 36,000     36,000     36,000     36,000     42,000     42,000     42,000

Month 24   Month 25   Month 26   Month 27   Month 28   Month 29   Month 30

$432,000   $468,000   $468,000   $468,000   $546,000   $546,000   $546,000
 36,000     36,000     36,000     36,000     42,000     42,000     42,000




 36,000     36,000     36,000     36,000     42,000     42,000     42,000


  200        200        200        200        200        200        200

$270,000   $351,000   $351,000   $351,000   $351,000   $409,500   $409,500
 36,000     36,000     36,000     36,000     42,000     42,000     42,000

 22,500     27,000     27,000     27,000     27,000     31,500     31,500



 22,500     27,000     27,000     27,000     27,000     31,500     31,500


  150        150        150        150        150        150        150

$35,000    $35,000    $35,000    $35,000    $35,000    $35,000    $35,000
   1          1          1          1          1          1          1
   1          1          1          1          1          1          1

$82,800    $92,000    $92,000    $101,200   $110,400   $119,600   $128,800
   9         10         10          11         12         13         14

   9         10         10         11         12         13         14

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0          0


   0          0          0          0          0          0          0

Month 24   Month 25   Month 26   Month 27   Month 28   Month 29   Month 30
$432,000   $468,000   $468,000   $468,000   $546,000   $546,000   $546,000
$270,000   $351,000   $351,000   $351,000   $351,000   $409,500   $409,500
 $35,000    $35,000    $35,000    $35,000    $35,000    $35,000    $35,000
 $82,800    $92,000    $92,000   $101,200   $110,400   $119,600   $128,800
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
$819,800     $946,000   $946,000   $955,200   $1,042,400   $1,110,100   $1,119,300

$7,308,400
Month 31   Month 32   Month 33   Month 34   Month 35   Month 36



120,000    120,000    135,000    135,000    150,000    150,000



120,000    120,000    135,000    135,000    150,000    150,000

 18,000     18,000     20,250     20,250     22,500     22,500


400,000    400,000    450,000    450,000    500,000    500,000

  1,000      1,000      1,125      1,125      1,250      1,250
 30,000     30,000     33,750     33,750     37,500     37,500

 48,000     48,000     54,000     54,000     60,000     60,000

Month 31   Month 32   Month 33   Month 34   Month 35   Month 36

$624,000   $624,000   $702,000   $702,000   $780,000   $780,000
 48,000     48,000     54,000     54,000     60,000     60,000




 48,000     48,000     54,000     54,000     60,000     60,000


  200        200        200        200        200        200

$409,500   $468,000   $468,000   $526,500   $526,500   $585,000
 48,000     48,000     54,000     54,000     60,000     60,000

 31,500     36,000     36,000     40,500     40,500     45,000



 31,500     36,000     36,000     40,500     40,500     45,000


  150        150        150        150        150        150

$35,000    $35,000    $35,000    $70,000    $70,000    $35,000
   1          1          1          2          2          1
   1          1          1          2          2          1

$138,000   $147,200   $156,400   $165,600   $174,800   $184,000
   15         16         17         18         19         20

  15         16         17         18         19         20

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

  $0         $0         $0         $0         $0         $0
   0          0          0          0          0          0


   0          0          0          0          0          0

Month 31   Month 32   Month 33   Month 34   Month 35   Month 36
$624,000   $624,000   $702,000   $702,000   $780,000   $780,000
$409,500   $468,000   $468,000   $526,500   $526,500   $585,000
 $35,000    $35,000    $35,000    $70,000    $70,000    $35,000
$138,000   $147,200   $156,400   $165,600   $174,800   $184,000
   $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
$1,206,500   $1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000

                                                      Year 3     $14,560,500
Carburritos Fresh Grill, Inc.
Cost of Goods Sold Projections
2/15/2012

Cost of Goods Sold                                  %      Month 1   Month 2   Month 3
First time customer                               36%        $0        $0        $0
Repeat customers                                  36%        $0        $0        $0
New Franchises Signed                              0%        $0        $0        $0
Monthly Franchise Royalties                       22%        $0        $0        $0
Revenue Category 5                                 0%        $0        $0        $0
Revenue Category 6                                 0%        $0        $0        $0
Revenue Category 7                                 0%        $0        $0        $0
Revenue Category 8                                 0%        $0        $0        $0
Revenue Category 9                                 0%        $0        $0        $0
Revenue Category 10                                0%        $0        $0        $0
Monthly COGS Totals                                          $0        $0        $0

Number of new locations open needing inventory               0         0         0
Amount of inventory to purchase on opening       $10,000
Inventory purchases                                          $0        $0        $0

Annual COGS Totals

New location inventory purchases                             $0        $0        $0

% of monthly COGS used to purchase inventory      100%

COGS purchases for inventory                                 $0        $0        $0

% of inventory used/charged to jobs               100%       $0        $0        $0

Inventory Growth                                             $0        $0        $0

Total Inventory                                    $0        $0        $0        $0
Month 4   Month 5   Month 6   Month 7   Month 8   Month 9   Month 10
$23,760   $23,760   $23,760   $47,520   $47,520   $47,520    $71,280
  $0      $17,820   $17,820   $17,820   $35,640   $35,640    $35,640
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0       $2,000     $2,000
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0         $0         $0
  $0        $0        $0        $0        $0         $0         $0
$23,760   $41,580   $41,580   $65,340   $83,160   $85,160   $108,920

  1         0         0         1         0         0          1

$10,000     $0        $0      $10,000     $0        $0      $10,000



$10,000     $0        $0      $10,000     $0        $0      $10,000



$23,760   $41,580   $41,580   $65,340   $83,160   $85,160   $108,920

$23,760   $41,580   $41,580   $65,340   $83,160   $85,160   $108,920

$10,000     $0        $0      $10,000     $0        $0      $10,000

$10,000   $10,000   $10,000   $20,000   $20,000   $20,000   $30,000
Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $71,280    $71,280    $77,760    $77,760    $77,760   $103,680   $103,680
 $53,460    $53,460    $58,320    $58,320    $58,320    $58,320    $77,760
    $0         $0         $0         $0        $0         $0         $0
  $4,000     $4,000     $6,000     $8,000    $10,000    $10,000    $12,000
    $0         $0         $0         $0        $0         $0         $0
    $0         $0         $0         $0        $0         $0         $0
    $0         $0         $0         $0        $0         $0         $0
    $0         $0         $0         $0        $0         $0         $0
    $0         $0         $0         $0        $0         $0         $0
    $0         $0         $0         $0        $0         $0         $0
$128,740   $128,740   $142,080   $144,080   $146,080   $172,000   $193,440

   0          0          0          0          0          1          0

  $0         $0         $0         $0         $0       $10,000      $0

 Year 1    $706,980

  $0         $0         $0         $0         $0       $10,000      $0



$128,740   $128,740   $142,080   $144,080   $146,080   $172,000   $193,440

$128,740   $128,740   $142,080   $144,080   $146,080   $172,000   $193,440

  $0         $0         $0         $0         $0       $10,000      $0

$30,000    $30,000    $30,000    $30,000    $30,000    $40,000    $40,000
Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$103,680   $129,600   $129,600   $129,600   $129,600   $129,600   $155,520
 $77,760    $77,760    $97,200    $97,200    $97,200    $97,200    $97,200
   $0         $0         $0         $0         $0         $0         $0
 $12,000    $14,000    $14,000    $16,000    $16,000    $18,000    $18,000
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
$193,440   $221,360   $240,800   $242,800   $242,800   $244,800   $270,720

   0          1          0          0          0          0           1

  $0       $10,000      $0         $0         $0         $0        $10,000

                                                        Year 2    $2,454,400

  $0       $10,000      $0         $0         $0         $0        $10,000



$193,440   $221,360   $240,800   $242,800   $242,800   $244,800   $270,720

$193,440   $221,360   $240,800   $242,800   $242,800   $244,800   $270,720

  $0       $10,000      $0         $0         $0         $0        $10,000

$40,000    $50,000    $50,000    $50,000    $50,000    $50,000     $60,000
Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
$168,480   $168,480   $168,480   $196,560   $196,560   $196,560   $224,640
$126,360   $126,360   $126,360   $126,360   $147,420   $147,420   $147,420
   $0         $0         $0         $0         $0         $0         $0
 $20,000    $20,000    $22,000    $24,000    $26,000    $28,000    $30,000
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
$314,840   $314,840   $316,840   $346,920   $369,980   $371,980   $402,060

   0          0          0          1          0          0          1

  $0         $0         $0       $10,000      $0         $0       $10,000



  $0         $0         $0       $10,000      $0         $0       $10,000



$314,840   $314,840   $316,840   $346,920   $369,980   $371,980   $402,060

$314,840   $314,840   $316,840   $346,920   $369,980   $371,980   $402,060

  $0         $0         $0       $10,000      $0         $0       $10,000

$60,000    $60,000    $60,000    $70,000    $70,000    $70,000    $80,000
Month 32   Month 33   Month 34   Month 35   Month 36
$224,640   $252,720   $252,720   $280,800   $280,800
$168,480   $168,480   $189,540   $189,540   $210,600
   $0         $0         $0         $0         $0
 $32,000    $34,000    $36,000    $38,000    $40,000
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
$425,120   $455,200   $478,260   $508,340   $531,400

   0          1          0          1           0

  $0       $10,000      $0       $10,000       $0

                                  Year 3    $4,835,780

  $0       $10,000      $0       $10,000       $0



$425,120   $455,200   $478,260   $508,340   $531,400

$425,120   $455,200   $478,260   $508,340   $531,400

  $0       $10,000      $0       $10,000       $0

$80,000    $90,000    $90,000    $100,000   $100,000
Carburritos Fresh Grill, Inc.
Personnel
2/15/2012

Monthly Salaries                                  Year 1                 Year 2
Executive Team                                   $52,000   per year     $54,600
General Manager                                  $50,000   per year     $52,500
Assistant Managers                               $33,000   per year     $34,650
Cooks, Line People, Servers, Cleanup, Prep       $21,500   per year     $22,575
Franchise Sales Manager                          $60,000   per year     $63,000
Franchise Staff                                  $35,000   per year     $36,750
Franchise Site Manager                           $60,000   per year     $63,000
Administrative                                   $30,000   per year     $31,500
CFO                                              $80,000   per year     $84,000
Marketing Manager                                $75,000   per year     $78,750
Position 11                                        $0      per year       $0
Position 12                                        $0      per year       $0

Monthly Revenue Totals                             $0            $0       $0

Corporate Locations
Number of corporate locations open                 0             0        0

Positions per location
General Manager                                    1
Assistant Managers                                 1
Cooks, Line People, Servers, Cleanup, Prep         7

Managers start 1 month before location opening

Franchise Locations
Cumulative number of locations started             0             0        0

Headcount                                        Month 1      Month 2   Month 3
Executive Team                                     2            2         2
General Manager                                    0            0         1
Assistant Managers                                 0            0         1
Cooks, Line People, Servers, Cleanup, Prep         0            0         0
Franchise Sales Manager                            0            0         1
Franchise Staff                                    0            0         1
Franchise Site Manager                             0            0         0
Administrative                                     0            0         0
CFO                                                0            0         0
Marketing Manager                                  0            0         0
Position 11                                        0            0         0
Position 12                                        0            0         0
Total headcount                                    2            2         6

Monthly Payroll                                  Month 1      Month 2   Month 3
Executive Team                                   $8,667       $8,667    $8,667
General Manager                                    $0           $0      $4,167
Assistant Managers                             $0        $0       $2,750
Cooks, Line People, Servers, Cleanup, Prep     $0        $0         $0
Franchise Sales Manager                        $0        $0       $5,000
Franchise Staff                                $0        $0       $2,917
Franchise Site Manager                         $0        $0         $0
Administrative                                 $0        $0         $0
CFO                                            $0        $0         $0
Marketing Manager                              $0        $0         $0
Position 11                                    $0        $0         $0
Position 12                                    $0        $0         $0
Total monthly payroll                        $8,667    $8,667    $23,500

Health Insurance Cost / Person                $100      $100      $100
Total Health Insurance Cost                   $200      $200      $600


Projected Annual Compensation                 Year 1    Year 2    Year 3
Executive Team                               $52,000   $54,600   $57,330
General Manager                              $50,000   $52,500   $55,125
Assistant Managers                           $33,000   $34,650   $36,383
Cooks, Line People, Servers, Cleanup, Prep   $21,500   $22,575   $23,704
Franchise Sales Manager                      $60,000   $63,000   $66,150
Franchise Staff                              $35,000   $36,750   $38,588
Franchise Site Manager                       $60,000   $63,000   $66,150
Administrative                               $30,000   $31,500   $33,075
CFO                                          $80,000   $84,000   $88,200
Marketing Manager                            $75,000   $78,750   $82,688
Position 11                                    $0        $0        $0
Position 12                                    $0        $0        $0
 Year 3    M - Y1     M - Y2     M - Y3
$57,330    $4,333     $4,550     $4,778
$55,125    $4,167     $4,375     $4,594
$36,383    $2,750     $2,888     $3,032
$23,704    $1,792     $1,881     $1,975
$66,150    $5,000     $5,250     $5,513
$38,588    $2,917     $3,063     $3,216
$66,150    $5,000     $5,250     $5,513
$33,075    $2,500     $2,625     $2,756
$88,200    $6,667     $7,000     $7,350
$82,688    $6,250     $6,563     $6,891
  $0         $0         $0         $0
  $0         $0         $0         $0

$66,000   $115,500   $150,500   $181,500   $266,000   $240,200   $341,200


  1          1          1          2          2          2          3




  0          0          1          1          2          2          3

Month 4   Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
   2         2          2          2          2          2          2
   1         1          2          2          2          3          3
   1         1          2          2          2          3          3
   7         7          7         14         14         14         21
   1         1          1          1          1          1          1
   1         1          1          1          1          2          2
   0         0          0          0          0          0          0
   1         1          1          1          1          1          1
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
  14        14         16         23         23         26         33

Month 4   Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
$8,667    $8,667     $8,667     $8,667     $8,667      $8,667     $8,667
$4,167    $4,167     $8,333     $8,333     $8,333     $12,500    $12,500
 $2,750    $2,750    $5,500    $5,500    $5,500    $8,250    $8,250
$12,542   $12,542   $12,542   $25,083   $25,083   $25,083   $37,625
 $5,000    $5,000    $5,000    $5,000    $5,000    $5,000    $5,000
 $2,917    $2,917    $2,917    $2,917    $2,917    $5,833    $5,833
   $0        $0        $0        $0        $0        $0        $0
 $2,500    $2,500    $2,500    $2,500    $2,500    $2,500    $2,500
   $0        $0        $0        $0        $0        $0        $0
   $0        $0        $0        $0        $0        $0        $0
   $0        $0        $0        $0        $0        $0        $0
   $0        $0        $0        $0        $0        $0        $0
$38,542   $38,542   $45,458   $58,000   $58,000   $67,833   $80,375

 $100      $100      $100      $100      $100      $100      $100
$1,400    $1,400    $1,600    $2,300    $2,300    $2,600    $3,300
$399,900   $399,900   $405,600   $449,800   $424,000   $531,000   $559,200


   3          3          3          3          3          4          4




   4          5          5          6          6          7          7

Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
   2          2          2          2          2          2          2
   3          3          3          3          4          4          4
   3          3          3          3          4          4          4
  21         21         21         21         21         28         28
   1          1          1          1          1          1          1
   2          2          3          3          3          3          3
   0          0          1          1          1          1          1
   1          1          2          2          2          2          2
   0          0          1          1          1          1          1
   0          0          1          1          1          1          1
   0          0          0          0          0          0          0
   0          0          0          0          0          0          0
  33         33         38         38         40         47         47

Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $8,667     $8,667     $9,100     $9,100     $9,100     $9,100     $9,100
$12,500    $12,500    $13,125    $13,125    $17,500    $17,500    $17,500
 $8,250    $8,250     $8,663     $8,663    $11,550    $11,550    $11,550
$37,625   $37,625    $39,506    $39,506    $39,506    $52,675    $52,675
 $5,000    $5,000     $5,250     $5,250     $5,250     $5,250     $5,250
 $5,833    $5,833     $9,188     $9,188     $9,188     $9,188     $9,188
   $0        $0       $5,250     $5,250     $5,250     $5,250     $5,250
 $2,500    $2,500     $5,250     $5,250     $5,250     $5,250     $5,250
   $0        $0       $7,000     $7,000     $7,000     $7,000     $7,000
   $0        $0       $6,563     $6,563     $6,563     $6,563     $6,563
   $0        $0         $0         $0         $0         $0         $0
   $0        $0         $0         $0         $0         $0         $0
$80,375   $80,375   $108,894   $108,894   $116,156   $129,325   $129,325

 $100      $100       $125       $125       $125       $125       $125
$3,300    $3,300     $4,750     $4,750     $5,000     $5,875     $5,875
$594,200   $640,400   $729,400   $703,600   $738,600   $712,800   $819,800


   4          5          5          5          5          5          6




   8          8          9          9         10         10         11

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
   2          2          2          2          2          2          2
   5          5          5          5          5          6          6
   5          5          5          5          5          6          6
  28         35         35         35         35         35         42
   1          1          1          1          1          1          1
   3          3          3          3          4          4          4
   1          1          1          1          1          1          1
   2          2          2          2          3          3          3
   1          1          1          1          1          1          1
   1          1          1          1          1          1          1
   0          0          0          0          0          0          0
   0          0          0          0          0          0          0
  49         56         56         56         58         60         67

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
 $9,100     $9,100     $9,100     $9,100     $9,100     $9,100     $9,100
$21,875    $21,875    $21,875    $21,875    $21,875    $26,250    $26,250
 $14,438    $14,438    $14,438    $14,438    $14,438    $17,325    $17,325
 $52,675    $65,844    $65,844    $65,844    $65,844    $65,844    $79,013
  $5,250     $5,250     $5,250     $5,250     $5,250     $5,250     $5,250
  $9,188     $9,188     $9,188     $9,188    $12,250    $12,250    $12,250
  $5,250     $5,250     $5,250     $5,250     $5,250     $5,250     $5,250
  $5,250     $5,250     $5,250     $5,250     $7,875     $7,875     $7,875
  $7,000     $7,000     $7,000     $7,000     $7,000     $7,000     $7,000
  $6,563     $6,563     $6,563     $6,563     $6,563     $6,563     $6,563
    $0         $0         $0         $0         $0         $0         $0
    $0         $0         $0         $0         $0         $0         $0
$136,588   $149,756   $149,756   $149,756   $155,444   $162,706   $175,875

  $125       $125       $125       $125       $125       $125       $125
 $6,125     $7,000     $7,000     $7,000     $7,250     $7,500     $8,375
$946,000   $946,000   $955,200   $1,042,400   $1,110,100   $1,119,300   $1,206,500


   6          6          6           7            7            7            8




  12         13         14          15           16           17           18

Month 25   Month 26   Month 27   Month 28     Month 29     Month 30     Month 31
   2          2          2          2            2            2            2
   6          6          7          7            7            8            8
   6          6          7          7            7            8            8
  42         42         42         49           49           49           56
   1          1          1          1            1            1            1
   4          4          5          5            5            5            5
   1          1          1          1            1            1            1
   3          3          3          4            4            4            4
   1          1          1          1            1            1            1
   1          1          1          1            1            1            1
   0          0          0          0            0            0            0
   0          0          0          0            0            0            0
  67         67         70         78           78           80           87

Month 25   Month 26   Month 27   Month 28     Month 29     Month 30     Month 31
 $9,555     $9,555     $9,555     $9,555       $9,555       $9,555       $9,555
$27,563    $27,563    $32,156    $32,156      $32,156      $36,750      $36,750
 $18,191    $18,191    $21,223    $21,223    $21,223    $24,255    $24,255
 $82,963    $82,963    $82,963    $96,790    $96,790    $96,790   $110,618
  $5,513     $5,513     $5,513     $5,513     $5,513     $5,513     $5,513
 $12,863    $12,863    $16,078    $16,078    $16,078    $16,078    $16,078
  $5,513     $5,513     $5,513     $5,513     $5,513     $5,513     $5,513
  $8,269     $8,269     $8,269    $11,025    $11,025    $11,025    $11,025
  $7,350     $7,350     $7,350     $7,350     $7,350     $7,350     $7,350
  $6,891     $6,891     $6,891     $6,891     $6,891     $6,891     $6,891
    $0         $0         $0         $0         $0         $0         $0
    $0         $0         $0         $0         $0         $0         $0
$184,669   $184,669   $195,510   $212,093   $212,093   $219,719   $233,546

 $150       $150       $150       $150       $150       $150       $150
$10,050    $10,050    $10,500    $11,700    $11,700    $12,000    $13,050
$1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000


    8            9            9           10           10        10




   19           20           22           24           25

Month 32     Month 33     Month 34     Month 35     Month 36
   2            2             2            2            2
   9            9            10           10           10
   9            9            10           10           10
  56           63            63           70           70
   1            1             1            1            1
   5            6             6            6            6
   1            1             1            1            1
   4            5             5            5            5
   1            1             1            1            1
   1            1             1            1            1
   0            0             0            0            0
   0            0             0            0            0
  89           98           100          107          107

Month 32     Month 33     Month 34     Month 35     Month 36
 $9,555       $9,555       $9,555       $9,555       $9,555
$41,344      $41,344      $45,938      $45,938      $45,938
 $27,287    $27,287    $30,319    $30,319    $30,319
$110,618   $124,445   $124,445   $138,272   $138,272
  $5,513     $5,513     $5,513     $5,513     $5,513
 $16,078    $19,294    $19,294    $19,294    $19,294
  $5,513     $5,513     $5,513     $5,513     $5,513
 $11,025    $13,781    $13,781    $13,781    $13,781
  $7,350     $7,350     $7,350     $7,350     $7,350
  $6,891     $6,891     $6,891     $6,891     $6,891
    $0         $0         $0         $0         $0
    $0         $0         $0         $0         $0
$241,172   $260,971   $268,597   $282,424   $282,424

 $150       $150       $150       $150       $150
$13,350    $14,700    $15,000    $16,050    $16,050
Carburritos Fresh Grill, Inc.
Profit and Loss Projections
2/15/2012

Revenue and COGS                            Factors   Month 1     Month 2     Month 3
Total Revenue                                           $0          $0          $0
Total COGS                                              $0          $0          $0

Operating Income                                        $0          $0          $0
Operating Margin                                        0%          0%          0%

Number of corporate locations open                       0           0           0

SG&A Expenses                               Factors   Month 1     Month 2     Month 3
Payroll                                                $8,667      $8,667     $23,500
Benefits and payroll taxes                  12.5%      $1,083      $1,083      $2,938
Bonuses                                      0%          $0          $0          $0
Marketing                                              $1,000      $1,000      $1,000
Health insurance                                        $200        $200        $600
Business insurances per corporate store      $650        $0          $0          $0
Corporate store expenses                    $12,000      $0          $0          $0
Travel expenses                                         $200        $200        $200
Outsourced professional services                       $2,700      $2,700      $1,550
Corporate Office Expenses                                $0          $0          $0
Miscellaneous                                            $0          $0          $0
Total Monthly SG&A Expenses                           $13,850     $13,850     $29,788

Annual SG&A

Monthly Earnings EBITDA                               ($13,850)   ($13,850)   ($29,788)
EBITDA margin                                            0%          0%          0%

Payroll as a percentage of Revenue

Depreciation and Amortization                         Month 1     Month 2     Month 3
Depreciation and amortization from Cap Ex              $306       $1,694      $2,639
Depreciation from starting balance sheet                $0          $0          $0
Total depreciation and amortization                    $306       $1,694      $2,639

Monthly Earnings EBIT                                 ($14,156)   ($15,544)   ($32,426)

Tax provision                                30%      ($4,247)    ($4,663)    ($9,728)

Annual tax loss carry forward

Annual Tax Provision

Monthly Interest Expenses                             Month 1     Month 2     Month 3
Amount of interest paid                                 $0          $0          $0

Monthly Net Earnings                                  ($9,909)    ($10,881)   ($22,698)
Net Margin                                   0%           0%            0%


Annual SG&A Summary                          Year 1       Year 2       Year 3
Payroll                                    $588,333    $1,672,475   $2,777,887
Benefits and payroll taxes                  $73,542     $209,059     $347,236
Bonuses                                        $0           $0           $0
Marketing                                   $66,000     $168,000     $291,000
Health insurance                            $22,500      $76,500     $154,200
Business insurances per corporate store     $11,700      $33,800      $60,450
Corporate store expenses                   $216,000     $624,000    $1,116,000
Travel expenses                              $2,400       $2,400       $2,400
Outsourced professional services            $15,050      $29,400      $50,400
Corporate Office Expenses                   $89,000     $231,000     $336,000
Miscellaneous                                  $0           $0           $0
Total                                     $1,084,525   $3,046,634   $5,135,572

Cross check                               $1,084,525   $3,046,634   $5,135,572

Tax Loss Carryforward                        Year 1      Year 2        Year 3
Revenue                                   $2,160,700   $7,308,400   $14,560,500
COGS                                       $706,980    $2,454,400    $4,835,780
SG&A                                      $1,084,525   $3,046,634    $5,135,572
EBITDA                                     $369,195    $1,807,366    $4,589,148
DA                                          $68,347     $171,889      $301,278
EBIT                                       $300,848    $1,635,477    $4,287,870
Interest                                      $0           $0            $0
Deficit applying to this year                 $0           $0            $0
Adjusted taxable income                    $300,848    $1,635,477    $4,287,870
Amount of tax                               $90,254     $490,643     $1,286,361


Interest, Depreciation and Amortization     Year 1      Year 2        Year 3
Interest                                     $0           $0            $0
Depreciation and Amortization              $68,347     $171,889      $301,278


Outsourced professional services           Month 1      Month 2      Month 3
Accounting                                  $200         $200         $200
Legal                                       $500         $500         $500
Programming                                 $750         $750         $750
Graphic design                             $1,250       $1,250        $100
Subtotal                                   $2,700       $2,700       $1,550

Number of corporate people                    2            2            4

Corporate Office Expenses                  Month 1      Month 2      Month 3
All general office expenses                  $0           $0           $0
Corporate travel                             $0           $0           $0
Franchise marketing                          $0           $0           $0
Corporate insurances                         $0           $0           $0
Category 5   $0   $0   $0
Category 6   $0   $0   $0
Subtotal     $0   $0   $0
Month 4     Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
$66,000     $115,500   $150,500   $181,500   $266,000   $240,200   $341,200
$23,760      $41,580    $41,580    $65,340    $83,160    $85,160   $108,920

$42,240     $73,920    $108,920   $116,160   $182,840   $155,040   $232,280
  64%         64%        72%        64%        69%        65%        68%

   1           1          1          2          2          2          3

Month 4     Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
$38,542     $38,542    $45,458     $58,000    $58,000    $67,833    $80,375
 $4,818      $4,818     $5,682      $7,250     $7,250     $8,479    $10,047
   $0          $0         $0          $0         $0         $0         $0
 $4,000      $4,000     $4,000      $7,000     $7,000     $7,000    $10,000
 $1,400      $1,400     $1,600      $2,300     $2,300     $2,600     $3,300
  $650        $650       $650       $1,300     $1,300     $1,300     $1,950
$12,000     $12,000    $12,000     $24,000    $24,000    $24,000    $36,000
  $200        $200       $200        $200       $200       $200       $200
  $900        $900       $900        $900       $900       $900       $900
   $0        $8,500    $11,500     $11,500    $11,500    $11,500    $11,500
   $0          $0         $0          $0         $0         $0         $0
$62,509     $71,009    $81,991    $112,450   $112,450   $123,813   $154,272



($20,269)   $2,911     $26,929     $3,710    $70,390    $31,228    $78,008
   0%         3%         18%         2%        26%        13%        23%

  58%         33%        30%        32%        22%        28%        24%

Month 4     Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
$3,361      $4,861     $5,667     $6,319     $7,708     $8,583      $9,069
  $0          $0         $0         $0         $0         $0          $0
$3,361      $4,861     $5,667     $6,319     $7,708     $8,583      $9,069

($23,630)   ($1,950)   $21,263    ($2,609)   $62,682    $22,644    $68,939

($7,089)     ($585)     $6,379     ($783)    $18,805     $6,793    $20,682




Month 4     Month 5    Month 6    Month 7    Month 8    Month 9    Month 10
  $0          $0         $0         $0         $0         $0         $0

($16,541)   ($1,365)   $14,884    ($1,827)   $43,877    $15,851    $48,257
  0%        0%       10%        0%       16%        7%        14%




Month 4   Month 5   Month 6   Month 7   Month 8   Month 9   Month 10
 $200      $200      $200      $200      $200      $200      $200
 $500      $500      $500      $500      $500      $500      $500
 $100      $100      $100      $100      $100      $100      $100
 $100      $100      $100      $100      $100      $100      $100
 $900      $900      $900      $900      $900      $900      $900

  5         5         5         5         5         6          6

Month 4   Month 5   Month 6   Month 7   Month 8   Month 9   Month 10
  $0      $7,500    $7,500    $7,500    $7,500    $7,500     $7,500
  $0      $1,000    $1,000    $1,000    $1,000    $1,000     $1,000
  $0        $0      $2,000    $2,000    $2,000    $2,000     $2,000
  $0        $0      $1,000    $1,000    $1,000    $1,000     $1,000
$0     $0       $0        $0        $0        $0        $0
$0     $0       $0        $0        $0        $0        $0
$0   $8,500   $11,500   $11,500   $11,500   $11,500   $11,500
Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
$399,900   $399,900     $405,600   $449,800   $424,000   $531,000   $559,200
$128,740   $128,740     $142,080   $144,080   $146,080   $172,000   $193,440

$271,160   $271,160     $263,520   $305,720   $277,920   $359,000   $365,760
  68%        68%          65%        68%        66%        68%        65%

   3           3           3          3          3          4          4

Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
 $80,375    $80,375     $108,894   $108,894   $116,156   $129,325   $129,325
 $10,047    $10,047      $13,612    $13,612    $14,520    $16,166    $16,166
    $0         $0           $0         $0         $0         $0         $0
 $10,000    $10,000      $10,000    $10,000    $10,000    $13,000    $13,000
  $3,300     $3,300       $4,750     $4,750     $5,000     $5,875     $5,875
  $1,950     $1,950       $1,950     $1,950     $1,950     $2,600     $2,600
 $36,000    $36,000      $36,000    $36,000    $36,000    $48,000    $48,000
   $200       $200         $200       $200       $200       $200       $200
   $900       $900        $2,200     $2,200     $2,200     $2,200     $2,200
 $11,500    $11,500      $18,000    $18,000    $18,000    $18,000    $18,000
    $0         $0           $0         $0         $0         $0         $0
$154,272   $154,272     $195,605   $195,605   $204,026   $235,366   $235,366

 Year 1    $1,084,525

$116,888   $116,888     $67,915    $110,115   $73,894    $123,634   $130,394
  29%        29%          17%        24%        17%        23%        23%

  20%         20%         27%        24%        27%        24%        23%

Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
 $9,069     $9,069       $9,639    $11,028    $11,833    $12,486    $13,875
   $0         $0           $0        $0         $0         $0         $0
 $9,069     $9,069       $9,639    $11,028    $11,833    $12,486    $13,875

$107,819   $107,819     $58,276    $99,087    $62,061    $111,148   $116,519

$32,346     $32,346     $17,483    $29,726    $18,618    $33,344    $34,956

 Year 1       $0

 Year 1     $90,254

Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
  $0         $0           $0         $0         $0         $0         $0

$75,473     $75,473     $40,793    $69,361    $43,443    $77,804    $81,564
  19%        19%        10%        15%        10%        15%        15%




Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $200       $200        $500       $500       $500       $500       $500
 $500       $500       $1,500     $1,500     $1,500     $1,500     $1,500
 $100       $100        $100       $100       $100       $100       $100
 $100       $100        $100       $100       $100       $100       $100
 $900       $900       $2,200     $2,200     $2,200     $2,200     $2,200

   6          6         11         11         11         11         11

Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $7,500     $7,500    $10,000    $10,000    $10,000    $10,000    $10,000
 $1,000     $1,000     $2,500     $2,500     $2,500     $2,500     $2,500
 $2,000     $2,000     $3,000     $3,000     $3,000     $3,000     $3,000
 $1,000     $1,000     $2,500     $2,500     $2,500     $2,500     $2,500
  $0        $0        $0        $0        $0        $0        $0
  $0        $0        $0        $0        $0        $0        $0
$11,500   $11,500   $18,000   $18,000   $18,000   $18,000   $18,000
Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$594,200   $640,400   $729,400   $703,600   $738,600   $712,800   $819,800
$193,440   $221,360   $240,800   $242,800   $242,800   $244,800   $270,720

$400,760   $419,040   $488,600   $460,800   $495,800   $468,000   $549,080
  67%        65%        67%        65%        67%        66%        67%

   4          5          5          5          5          5           6

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$136,588   $149,756   $149,756   $149,756   $155,444   $162,706   $175,875
 $17,073    $18,720    $18,720    $18,720    $19,430    $20,338    $21,984
    $0         $0         $0         $0         $0         $0         $0
 $13,000    $16,000    $16,000    $16,000    $16,000    $16,000    $19,000
  $6,125     $7,000     $7,000     $7,000     $7,250     $7,500     $8,375
  $2,600     $3,250     $3,250     $3,250     $3,250     $3,250     $3,900
 $48,000    $60,000    $60,000    $60,000    $60,000    $60,000    $72,000
   $200       $200       $200       $200       $200       $200       $200
  $2,200     $2,700     $2,700     $2,700     $2,700     $2,700     $2,700
 $18,000    $20,500    $20,500    $20,500    $20,500    $20,500    $20,500
    $0         $0         $0         $0         $0         $0         $0
$243,786   $278,126   $278,126   $278,126   $284,774   $293,195   $324,534

                                                        Year 2    $3,046,634

$156,974   $140,914   $210,474   $182,674   $211,026   $174,805   $224,546
  26%        22%        29%        26%        29%        25%        27%

  23%        23%        21%        21%        21%        23%         21%

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$14,681    $15,167    $15,167    $15,333    $16,861    $17,667    $18,153
  $0         $0         $0         $0         $0         $0         $0
$14,681    $15,167    $15,167    $15,333    $16,861    $17,667    $18,153

$142,294   $125,748   $195,308   $167,341   $194,165   $157,139   $206,393

$42,688    $37,724    $58,592    $50,202    $58,249    $47,142     $61,918

                                                        Year 2       $0

                                                        Year 2    $490,643

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
  $0         $0         $0         $0         $0         $0         $0

$99,605    $88,023    $136,715   $117,139   $135,915   $109,997   $144,475
  17%        14%        19%        17%        18%        15%        18%




Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
  $500       $500       $500       $500       $500       $500       $500
 $1,500     $2,000     $2,000     $2,000     $2,000     $2,000     $2,000
  $100       $100       $100       $100       $100       $100       $100
  $100       $100       $100       $100       $100       $100       $100
 $2,200     $2,700     $2,700     $2,700     $2,700     $2,700     $2,700

  11         11         11         11         13         13         13

Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$10,000    $12,500    $12,500    $12,500    $12,500    $12,500    $12,500
 $2,500     $2,500     $2,500     $2,500     $2,500     $2,500     $2,500
 $3,000     $3,000     $3,000     $3,000     $3,000     $3,000     $3,000
 $2,500     $2,500     $2,500     $2,500     $2,500     $2,500     $2,500
  $0        $0        $0        $0        $0        $0        $0
  $0        $0        $0        $0        $0        $0        $0
$18,000   $20,500   $20,500   $20,500   $20,500   $20,500   $20,500
Month 25   Month 26   Month 27    Month 28     Month 29     Month 30     Month 31
$946,000   $946,000   $955,200   $1,042,400   $1,110,100   $1,119,300   $1,206,500
$314,840   $314,840   $316,840    $346,920     $369,980     $371,980     $402,060

$631,160   $631,160   $638,360   $695,480     $740,120     $747,320     $804,440
  67%        67%        67%        67%          67%          67%          67%

   6          6          6           7            7            7            8

Month 25   Month 26   Month 27   Month 28     Month 29     Month 30     Month 31
$184,669   $184,669   $195,510   $212,093     $212,093     $219,719     $233,546
 $23,084    $23,084    $24,439    $26,512      $26,512      $27,465      $29,193
    $0         $0         $0         $0           $0           $0           $0
 $19,000    $19,000    $19,000    $22,000      $22,000      $22,000      $25,000
 $10,050    $10,050    $10,500    $11,700      $11,700      $12,000      $13,050
  $3,900     $3,900     $3,900     $4,550       $4,550       $4,550       $5,200
 $72,000    $72,000    $72,000    $84,000      $84,000      $84,000      $96,000
   $200       $200       $200       $200         $200         $200         $200
  $4,200     $4,200     $4,200     $4,200       $4,200       $4,200       $4,200
 $28,000    $28,000    $28,000    $28,000      $28,000      $28,000      $28,000
    $0         $0         $0         $0           $0           $0           $0
$345,102   $345,102   $357,749   $393,255     $393,255     $402,134     $434,390



$286,058   $286,058   $280,611   $302,225     $346,865     $345,186     $370,050
  30%        30%        29%        29%          31%          31%          31%

  20%        20%        20%         20%          19%          20%          19%

Month 25   Month 26   Month 27   Month 28     Month 29     Month 30     Month 31
$18,431    $19,819    $20,694    $21,417      $22,806      $23,778      $25,653
  $0         $0         $0         $0           $0           $0           $0
$18,431    $19,819    $20,694    $21,417      $22,806      $23,778      $25,653

$267,627   $266,238   $259,917   $280,808     $324,059     $321,408     $344,398

$80,288    $79,871    $77,975     $84,242      $97,218      $96,422     $103,319




Month 25   Month 26   Month 27   Month 28     Month 29     Month 30     Month 31
  $0         $0         $0         $0           $0           $0           $0

$187,339   $186,367   $181,942   $196,566     $226,842     $224,986     $241,078
  20%        20%        19%        19%        20%        20%        20%




Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
 $1,000     $1,000     $1,000     $1,000     $1,000     $1,000     $1,000
 $3,000     $3,000     $3,000     $3,000     $3,000     $3,000     $3,000
  $100       $100       $100       $100       $100       $100       $100
  $100       $100       $100       $100       $100       $100       $100
 $4,200     $4,200     $4,200     $4,200     $4,200     $4,200     $4,200

  13         13         14         15         15         15         15

Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
$15,000    $15,000    $15,000    $15,000    $15,000    $15,000    $15,000
 $4,000     $4,000     $4,000     $4,000     $4,000     $4,000     $4,000
 $4,000     $4,000     $4,000     $4,000     $4,000     $4,000     $4,000
 $5,000     $5,000     $5,000     $5,000     $5,000     $5,000     $5,000
  $0        $0        $0        $0        $0        $0        $0
  $0        $0        $0        $0        $0        $0        $0
$28,000   $28,000   $28,000   $28,000   $28,000   $28,000   $28,000
 Month 32     Month 33     Month 34     Month 35     Month 36
$1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000
 $425,120     $455,200     $478,260     $508,340     $531,400

$849,080     $906,200     $985,840     $1,042,960   $1,052,600
  67%          67%          67%            67%          66%

    8            9            9            10           10

Month 32     Month 33     Month 34     Month 35     Month 36
$241,172     $260,971     $268,597     $282,424     $282,424
 $30,146      $32,621      $33,575      $35,303      $35,303
    $0           $0           $0           $0           $0
 $25,000      $28,000      $28,000      $31,000      $31,000
 $13,350      $14,700      $15,000      $16,050      $16,050
  $5,200       $5,850       $5,850       $6,500       $6,500
 $96,000     $108,000     $108,000     $120,000     $120,000
   $200         $200         $200         $200         $200
  $4,200       $4,200       $4,200       $4,200       $4,200
 $28,000      $28,000      $28,000      $28,000      $28,000
    $0           $0           $0           $0           $0
$443,268     $482,542     $491,421     $523,677     $523,677

                                         Year 3     $5,135,572

$405,812     $423,658     $494,419     $519,283     $528,923
  32%          31%          34%          33%          33%

   19%          19%          18%          18%          18%

Month 32     Month 33     Month 34     Month 35     Month 36
$26,625      $28,639      $29,611      $31,486      $32,319
  $0           $0           $0           $0           $0
$26,625      $28,639      $29,611      $31,486      $32,319

$379,187     $395,019     $464,808     $487,797     $496,604

$113,756     $118,506     $139,442     $146,339     $148,981

                                         Year 3         $0

                                         Year 3     $1,286,361

Month 32     Month 33     Month 34     Month 35     Month 36
  $0           $0           $0           $0           $0

$265,431     $276,513     $325,365     $341,458     $347,623
  21%        20%        22%        22%        22%




Month 32   Month 33   Month 34   Month 35   Month 36
 $1,000     $1,000     $1,000     $1,000     $1,000
 $3,000     $3,000     $3,000     $3,000     $3,000
  $100       $100       $100       $100       $100
  $100       $100       $100       $100       $100
 $4,200     $4,200     $4,200     $4,200     $4,200

  15         17         17         17         17

Month 32   Month 33   Month 34   Month 35   Month 36
$15,000    $15,000    $15,000    $15,000    $15,000
 $4,000     $4,000     $4,000     $4,000     $4,000
 $4,000     $4,000     $4,000     $4,000     $4,000
 $5,000     $5,000     $5,000     $5,000     $5,000
  $0        $0        $0        $0        $0
  $0        $0        $0        $0        $0
$28,000   $28,000   $28,000   $28,000   $28,000
Carburritos Fresh Grill, Inc.
Capital Expenditure Projections
2/15/2012

Variable Capital Expenditures                 Amount    Month 1   Month 2    Month 3
New employee headcount                                    2         0          4
 Computers                                    $1,500
 Furniture                                     $500
 Other                                         $500
Subtotal Variable Capital Expenditures        $2,500    $5,000      $0       $10,000
Depreciation period in years                     3
Subtotal Monthly Variable Depreciation                   $139      $139       $417


Fixed Capital Expenditures                    Factors   Month 1   Month 2    Month 3
New location buildout                                   $30,000   $250,000   $120,000
Corporate office equipment                                $0         $0         $0
Description 3                                             $0         $0         $0
Description 4                                             $0         $0         $0
Description 5                                             $0         $0         $0
Description 6                                             $0         $0         $0
Subtotal Fixed Capital Expenditures                     $30,000   $250,000   $120,000
Depreciation / amortization period in years     15
Subtotal Monthly Fixed Depreciation                      $167      $1,556     $2,222


Total Monthly Capital Expenditures                      $35,000   $250,000   $130,000

Total Monthly Depreciation                               $306      $1,694     $2,639

Total Annual Capital Expenditures

Total Annual Depreciation
Month 4   Month 5    Month 6    Month 7   Month 8    Month 9    Month 10
  8         0          2          7         0          3           7



$20,000     $0        $5,000    $17,500     $0        $7,500    $17,500

 $972      $972       $1,111    $1,597     $1,597     $1,806     $2,292


Month 4   Month 5    Month 6    Month 7   Month 8    Month 9    Month 10
$30,000   $250,000   $120,000   $30,000   $250,000   $120,000     $0
  $0       $20,000      $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
  $0         $0         $0        $0         $0         $0        $0
$30,000   $270,000   $120,000   $30,000   $250,000   $120,000     $0

$2,389     $3,889     $4,556    $4,722     $6,111     $6,778     $6,778


$50,000   $270,000   $125,000   $47,500   $250,000   $127,500   $17,500

$3,361     $4,861     $5,667    $6,319     $7,708     $8,583     $9,069
Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
   0          0            5          0          2          7          0



  $0          $0        $12,500      $0        $5,000    $17,500      $0

 $2,292     $2,292       $2,639     $2,639     $2,778     $3,264     $3,264


Month 11   Month 12     Month 13   Month 14   Month 15   Month 16   Month 17
  $0         $0         $30,000    $250,000   $120,000   $30,000    $250,000
  $0         $0         $10,000       $0         $0        $0          $0
  $0         $0           $0          $0         $0        $0          $0
  $0         $0           $0          $0         $0        $0          $0
  $0         $0           $0          $0         $0        $0          $0
  $0         $0           $0          $0         $0        $0          $0
  $0         $0         $40,000    $250,000   $120,000   $30,000    $250,000

 $6,778     $6,778       $7,000     $8,389     $9,056     $9,222    $10,611


  $0          $0        $52,500    $250,000   $125,000   $47,500    $250,000

 $9,069     $9,069       $9,639    $11,028    $11,833    $12,486    $13,875

 Year 1    $1,302,500

 Year 1     $68,347
Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
   2          7          0          0          2          2          7



 $5,000    $17,500      $0         $0        $5,000     $5,000     $17,500

 $3,403     $3,889     $3,889     $3,889     $4,028     $4,167     $4,653


Month 18   Month 19   Month 20   Month 21   Month 22   Month 23   Month 24
$120,000     $0         $0       $30,000    $250,000   $120,000     $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
   $0        $0         $0         $0          $0         $0        $0
$120,000     $0         $0       $30,000    $250,000   $120,000     $0

$11,278    $11,278    $11,278    $11,444    $12,833    $13,500     $13,500


$125,000   $17,500      $0       $30,000    $255,000   $125,000    $17,500

$14,681    $15,167    $15,167    $15,333    $16,861    $17,667     $18,153

                                                        Year 2    $1,295,000

                                                        Year 2    $171,889
Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
   0          0          3          8          0          2          7



  $0         $0        $7,500    $20,000      $0        $5,000    $17,500

 $4,653     $4,653     $4,861     $5,417     $5,417     $5,556     $6,042


Month 25   Month 26   Month 27   Month 28   Month 29   Month 30   Month 31
$30,000    $250,000   $120,000   $30,000    $250,000   $150,000   $250,000
$20,000       $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
  $0          $0         $0        $0          $0         $0         $0
$50,000    $250,000   $120,000   $30,000    $250,000   $150,000   $250,000

$13,778    $15,167    $15,833    $16,000    $17,389    $18,222    $19,611


$50,000    $250,000   $127,500   $50,000    $250,000   $155,000   $267,500

$18,431    $19,819    $20,694    $21,417    $22,806    $23,778    $25,653
Month 32   Month 33   Month 34   Month 35   Month 36
   2          9          2          7          0



 $5,000    $22,500     $5,000    $17,500       $0

 $6,181     $6,806     $6,944     $7,431     $7,431


Month 32   Month 33   Month 34   Month 35   Month 36
$150,000   $250,000   $150,000   $250,000   $150,000
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0
$150,000   $250,000   $150,000   $250,000   $150,000

$20,444    $21,833    $22,667    $24,056     $24,889


$155,000   $272,500   $155,000   $267,500   $150,000

$26,625    $28,639    $29,611    $31,486     $32,319

                                  Year 3    $2,150,000

                                  Year 3    $301,278
Carburritos Fresh Grill, Inc.
Balance Sheet Projections
2/15/2012

Assets                                     Starting     Month 1      Month 2
Cash                                                   $448,650     $682,300
Accounts receivable                                        $0          $0
Inventory                                                  $0          $0
Other current assets                         $0          $5,000      $5,000
Total current assets                                   $453,650     $687,300
Net fixed and other assets                   $0         $30,000     $280,000
Total Assets                                 $0        $483,650     $967,300


Liabilities                                             Month 1      Month 2
Accounts payable                                        $53,850     $266,350
Short term notes                                          $0           $0
Other current liabilities                               ($4,247)     ($4,663)
Long term debt                                            $0           $0
Other long term liabilities                               $0           $0
Net worth                                              $434,047     $705,613
Total liabilities and net worth                        $483,650     $967,300

Year End Summary Data                        Year 1       Year 2      Year 3
Cash                                       $688,446     $645,768    $1,697,355
Accounts receivable                         $53,400     $117,800     $219,000
Inventory                                   $30,000      $60,000     $100,000
Other current assets                        $82,500     $167,500     $267,500
Net fixed and other assets                $1,220,000   $2,430,000   $4,480,000
Accounts payable                           $315,357     $674,672    $1,354,058
Short term notes                              $0           $0           $0
Other current liabilities                   $32,346      $61,918     $148,981
Long term debt                                $0           $0           $0
Other long term liabilities                   $0           $0           $0

Starting Liability Repayment Schedule      Starting     Month 1      Month 2
Accounts payable                           $7,500       $2,500       $2,500
Short term notes                             $0           $0           $0
Other current liabilities                    $0           $0           $0
Long term debt                               $0           $0           $0
Other long term liabilities                  $0           $0           $0
Monthly Balance on Starting Liabilities                 Month 1      Month 2
Accounts payable                                        $5,000       $2,500
Short term notes                                          $0           $0
Other current liabilities                                 $0           $0
Long term debt                                            $0           $0
Other long term liabilities                               $0           $0

Total Amount of Monthly Repayment                       $2,500       $2,500
  Month 3      Month 4      Month 5      Month 6      Month 7      Month 8      Month 9
$1,020,013   $1,249,743    $982,654     $843,204     $834,414     $601,000     $523,734
    $0           $0           $0         $35,000        $0         $35,000       $9,200
    $0         $10,000      $10,000      $10,000      $20,000      $20,000      $20,000
  $15,000      $35,000      $35,000      $40,000      $57,500      $57,500      $65,000
$1,035,013   $1,294,743   $1,027,654    $928,204     $911,914     $713,500     $617,934
 $400,000     $430,000     $700,000     $820,000     $850,000    $1,100,000   $1,220,000
$1,435,013   $1,724,743   $1,727,654   $1,748,204   $1,761,914   $1,813,500   $1,837,934


  Month 3      Month 4      Month 5      Month 6      Month 7      Month 8      Month 9
 $159,788     $136,269     $382,589     $254,949     $225,290     $464,415     $343,266
    $0           $0            $0          $0            $0          $0           $0
  ($9,728)     ($7,089)      ($585)      $6,379        ($783)      $18,805      $6,793
    $0           $0            $0          $0            $0          $0           $0
    $0           $0            $0          $0            $0          $0           $0
$1,284,953   $1,595,563   $1,345,650   $1,486,876   $1,537,407   $1,330,281   $1,487,875
$1,435,013   $1,724,743   $1,727,654   $1,748,204   $1,761,914   $1,813,500   $1,837,934




 Month 3      Month 4      Month 5      Month 6      Month 7      Month 8      Month 9
 $2,500         $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
 Month 3      Month 4      Month 5      Month 6      Month 7      Month 8      Month 9
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0
   $0           $0           $0           $0           $0           $0           $0

 $2,500         $0           $0           $0           $0           $0           $0
 Month 10     Month 11     Month 12     Month 13     Month 14     Month 15     Month 16
 $528,561     $603,903     $688,446     $712,177     $498,366     $454,442     $462,232
  $44,200      $53,400      $53,400      $27,600      $71,800      $46,000      $81,000
  $30,000      $30,000      $30,000      $30,000      $30,000      $30,000      $40,000
  $82,500      $82,500      $82,500      $95,000      $95,000     $100,000     $117,500
 $685,261     $769,803     $854,346     $864,777     $695,166     $630,442     $700,732
$1,220,000   $1,220,000   $1,220,000   $1,260,000   $1,510,000   $1,630,000   $1,660,000
$1,905,261   $1,989,803   $2,074,346   $2,124,777   $2,205,166   $2,260,442   $2,360,732


 Month 10     Month 11     Month 12     Month 13     Month 14     Month 15     Month 16
 $301,373     $315,357     $315,357     $407,668     $619,411     $493,724     $488,210
    $0           $0           $0           $0           $0           $0           $0
  $20,682      $32,346      $32,346      $17,483      $29,726      $18,618      $33,344
    $0           $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0           $0
$1,583,206   $1,642,100   $1,726,643   $1,699,627   $1,556,028   $1,748,100   $1,839,177
$1,905,261   $1,989,803   $2,074,346   $2,124,777   $2,205,166   $2,260,442   $2,360,732




Month 10     Month 11     Month 12     Month 13     Month 14     Month 15     Month 16
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
Month 10     Month 11     Month 12     Month 13     Month 14     Month 15     Month 16
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0

   $0           $0           $0           $0           $0           $0           $0
 Month 17     Month 18     Month 19     Month 20     Month 21     Month 22     Month 23
 $333,470     $287,756     $399,246     $516,128     $644,400     $507,177     $535,640
  $55,200      $90,200      $64,400      $99,400      $73,600     $108,600      $82,800
  $40,000      $40,000      $50,000      $50,000      $50,000      $50,000      $50,000
 $117,500     $122,500     $140,000     $140,000     $140,000     $145,000     $150,000
 $546,170     $540,456     $653,646     $805,528     $908,000     $810,777     $818,440
$1,910,000   $2,030,000   $2,030,000   $2,030,000   $2,060,000   $2,310,000   $2,430,000
$2,456,170   $2,570,456   $2,683,646   $2,835,528   $2,968,000   $3,120,777   $3,248,440


 Month 17     Month 18     Month 19     Month 20     Month 21     Month 22     Month 23
 $713,761     $604,914     $554,710     $577,518     $601,128     $840,824     $710,136
    $0           $0           $0           $0           $0           $0           $0
  $34,956      $42,688      $37,724      $58,592      $50,202      $58,249      $47,142
    $0           $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0           $0
$1,707,453   $1,922,854   $2,091,212   $2,199,418   $2,316,670   $2,221,704   $2,491,163
$2,456,170   $2,570,456   $2,683,646   $2,835,528   $2,968,000   $3,120,777   $3,248,440




Month 17     Month 18     Month 19     Month 20     Month 21     Month 22     Month 23
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
Month 17     Month 18     Month 19     Month 20     Month 21     Month 22     Month 23
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0

   $0           $0           $0           $0           $0           $0           $0
 Month 24     Month 25     Month 26     Month 27     Month 28     Month 29     Month 30
 $645,768     $792,338     $748,524     $814,460     $973,243     $963,690    $1,048,253
 $117,800     $127,000     $127,000     $136,200     $145,400     $154,600     $163,800
  $60,000      $60,000      $60,000      $60,000      $70,000      $70,000      $70,000
 $167,500     $167,500     $167,500     $175,000     $195,000     $195,000     $200,000
 $991,068    $1,146,838   $1,103,024   $1,185,660   $1,383,643   $1,383,290   $1,482,053
$2,430,000   $2,480,000   $2,730,000   $2,850,000   $2,880,000   $3,130,000   $3,280,000
$3,421,068   $3,626,838   $3,833,024   $4,035,660   $4,263,643   $4,513,290   $4,762,053


 Month 24     Month 25     Month 26     Month 27     Month 28     Month 29     Month 30
 $674,672     $790,230     $989,814     $880,064     $874,418    $1,110,453   $1,025,536
    $0           $0           $0           $0           $0           $0           $0
  $61,918      $80,288      $79,871      $77,975      $84,242     $97,218      $96,422
    $0           $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0           $0
$2,684,478   $2,756,319   $2,763,339   $3,077,621   $3,304,983   $3,305,619   $3,640,094
$3,421,068   $3,626,838   $3,833,024   $4,035,660   $4,263,643   $4,513,290   $4,762,053




Month 24     Month 25     Month 26     Month 27     Month 28     Month 29     Month 30
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
Month 24     Month 25     Month 26     Month 27     Month 28     Month 29     Month 30
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0           $0

   $0           $0           $0           $0           $0           $0           $0
 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$1,038,284   $1,166,140   $1,189,592   $1,345,369   $1,441,613   $1,697,355
 $173,000     $182,200     $191,400     $235,600     $244,800     $219,000
  $80,000      $80,000      $90,000      $90,000     $100,000     $100,000
 $217,500     $222,500     $245,000     $250,000     $267,500     $267,500
$1,508,784   $1,650,840   $1,715,992   $1,920,969   $2,053,913   $2,283,855
$3,530,000   $3,680,000   $3,930,000   $4,080,000   $4,330,000   $4,480,000
$5,038,784   $5,330,840   $5,645,992   $6,000,969   $6,383,913   $6,763,855


 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$1,207,269   $1,137,144   $1,328,748   $1,264,123   $1,445,856   $1,354,058
    $0           $0           $0           $0           $0           $0
 $103,319     $113,756     $118,506     $139,442     $146,339     $148,981
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
$3,728,196   $4,079,940   $4,198,739   $4,597,403   $4,791,718   $5,260,816
$5,038,784   $5,330,840   $5,645,992   $6,000,969   $6,383,913   $6,763,855




Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0
  $0           $0           $0           $0           $0           $0

   $0           $0           $0           $0           $0           $0
Carburritos Fresh Grill, Inc.
Cash Flow Projections
2/15/2012

Revenue                         Payment   Month 1   Month 2
First time customer                0        $0        $0
Repeat customers                   0        $0        $0
New Franchises Signed              1        $0        $0
Monthly Franchise Royalties        1        $0        $0
Revenue Category 5                 0        $0        $0
Revenue Category 6                 0        $0        $0
Revenue Category 7                 0        $0        $0
Revenue Category 8                 0        $0        $0
Revenue Category 9                 0        $0        $0
Revenue Category 10                0        $0        $0
Revenue Subtotal                            $0        $0

Cash Influx                               Month 1   Month 2
First time customer                         $0        $0
Repeat customers                            $0        $0
New Franchises Signed                       $0        $0
Monthly Franchise Royalties                 $0        $0
Revenue Category 5                          $0        $0
Revenue Category 6                          $0        $0
Revenue Category 7                          $0        $0
Revenue Category 8                          $0        $0
Revenue Category 9                          $0        $0
Revenue Category 10                         $0        $0
Starting accounts receivable                $0        $0
Cash Influx Subtotal                        $0        $0

Accounts Receivable                         $0        $0

Expenses                        Payment   Month 1   Month 2
COGS                               0        $0         $0
SG&A                               0      $13,850    $13,850
Capital expenditures               0      $35,000   $250,000
Taxes                              0        $0         $0
Expenses Subtotal                         $48,850   $263,850

Cash Outlay                               Month 1   Month 2
COGS                                         $0         $0
SG&A                                      $13,850    $13,850
Capital expenditures                      $35,000   $250,000
Liability repayments                       $2,500     $2,500
Taxes                                        $0         $0
Cash Outlay Subtotal                      $51,350   $266,350

Annual Cash Influx

Annual Cash Outlay
Capital Infusion                              $500,000    $500,000

Monthly Cash Flow                             ($51,350)   ($266,350)

Ending Cash                                   $448,650    $682,300

Year End Cash Balance

Annual Cash Flow

Accounts Payable at Month 12 of      Year 1    Year 2      Year 3
COGS                                  $0        $0          $0
SG&A                                  $0        $0          $0
Capital Expenditures                  $0        $0          $0
Taxes                                 $0        $0          $0
Total Accounts Payable at Year End    $0        $0          $0
Month 3    Month 4    Month 5    Month 6    Month 7    Month 8    Month 9
  $0       $66,000     $66,000    $66,000   $132,000   $132,000   $132,000
  $0         $0        $49,500    $49,500    $49,500    $99,000    $99,000
  $0         $0          $0       $35,000      $0       $35,000       $0
  $0         $0          $0         $0         $0         $0        $9,200
  $0         $0          $0         $0         $0         $0          $0
  $0         $0          $0         $0         $0         $0          $0
  $0         $0          $0         $0         $0         $0          $0
  $0         $0          $0         $0         $0         $0          $0
  $0         $0          $0         $0         $0         $0          $0
  $0         $0          $0         $0         $0         $0          $0
  $0       $66,000    $115,500   $150,500   $181,500   $266,000   $240,200

Month 3    Month 4    Month 5    Month 6    Month 7    Month 8    Month 9
  $0       $66,000     $66,000    $66,000   $132,000   $132,000   $132,000
  $0         $0        $49,500    $49,500    $49,500    $99,000    $99,000
  $0         $0          $0         $0       $35,000      $0       $35,000
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0         $0          $0         $0         $0         $0         $0
  $0       $66,000    $115,500   $115,500   $216,500   $231,000   $266,000

  $0         $0         $0       $35,000      $0       $35,000     $9,200

Month 3    Month 4    Month 5    Month 6    Month 7    Month 8    Month 9
   $0       $23,760    $41,580    $41,580    $65,340    $83,160    $85,160
 $29,788    $62,509    $71,009    $81,991   $112,450   $112,450   $123,813
$130,000    $50,000   $270,000   $125,000    $47,500   $250,000   $127,500
   $0         $0         $0        $6,379      $0       $18,805     $6,793
$159,788   $136,269   $382,589   $254,949   $225,290   $464,415   $343,266

Month 3    Month 4    Month 5    Month 6    Month 7    Month 8    Month 9
    $0      $23,760    $41,580    $41,580    $65,340    $83,160    $85,160
 $29,788    $62,509    $71,009    $81,991   $112,450   $112,450   $123,813
$130,000    $50,000   $270,000   $125,000    $47,500   $250,000   $127,500
  $2,500      $0         $0          $0        $0         $0          $0
    $0        $0         $0        $6,379      $0       $18,805     $6,793
$162,288   $136,269   $382,589   $254,949   $225,290   $464,415   $343,266
 $500,000     $300,000       $0           $0           $0         $0           $0

($162,288)    ($70,269)   ($267,089)   ($139,449)   ($8,790)   ($233,415)   ($77,266)

$1,020,013   $1,249,743   $982,654     $843,204     $834,414   $601,000     $523,734
Month 10   Month 11   Month 12     Month 13   Month 14   Month 15   Month 16
$198,000   $198,000   $198,000     $216,000   $216,000   $216,000   $288,000
 $99,000   $148,500   $148,500     $162,000   $162,000   $162,000   $162,000
 $35,000    $35,000    $35,000        $0       $35,000      $0       $35,000
  $9,200    $18,400    $18,400      $27,600    $36,800    $46,000    $46,000
    $0        $0         $0           $0         $0         $0         $0
    $0        $0         $0           $0         $0         $0         $0
    $0        $0         $0           $0         $0         $0         $0
    $0        $0         $0           $0         $0         $0         $0
    $0        $0         $0           $0         $0         $0         $0
    $0        $0         $0           $0         $0         $0         $0
$341,200   $399,900   $399,900     $405,600   $449,800   $424,000   $531,000

Month 10   Month 11   Month 12     Month 13   Month 14   Month 15   Month 16
$198,000   $198,000   $198,000     $216,000   $216,000   $216,000   $288,000
 $99,000   $148,500   $148,500     $162,000   $162,000   $162,000   $162,000
    $0      $35,000    $35,000      $35,000      $0       $35,000      $0
  $9,200     $9,200    $18,400      $18,400    $27,600    $36,800    $46,000
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
    $0         $0        $0           $0         $0         $0         $0
$306,200   $390,700   $399,900     $431,400   $405,600   $449,800   $496,000

$44,200    $53,400     $53,400     $27,600    $71,800    $46,000    $81,000

Month 10   Month 11   Month 12     Month 13   Month 14   Month 15   Month 16
$108,920   $128,740   $128,740     $142,080   $144,080   $146,080   $172,000
$154,272   $154,272   $154,272     $195,605   $195,605   $204,026   $235,366
 $17,500      $0         $0         $52,500   $250,000   $125,000    $47,500
 $20,682    $32,346    $32,346      $17,483    $29,726    $18,618    $33,344
$301,373   $315,357   $315,357     $407,668   $619,411   $493,724   $488,210

Month 10   Month 11   Month 12     Month 13   Month 14   Month 15   Month 16
$108,920   $128,740   $128,740     $142,080   $144,080   $146,080   $172,000
$154,272   $154,272   $154,272     $195,605   $195,605   $204,026   $235,366
 $17,500      $0         $0         $52,500   $250,000   $125,000    $47,500
   $0         $0         $0           $0         $0         $0         $0
 $20,682    $32,346    $32,346      $17,483    $29,726    $18,618    $33,344
$301,373   $315,357   $315,357     $407,668   $619,411   $493,724   $488,210

            Year 1    $2,107,300

            Year 1    $3,218,854
   $0         $0          $0           $0         $0           $0          $0

 $4,827    $75,343     $84,543      $23,732    ($213,811)   ($43,924)    $7,790

$528,561   $603,903   $688,446      $712,177   $498,366     $454,442    $462,232

            Year 1     $688,446

            Year 1    -$1,111,554
Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
$288,000   $288,000   $360,000   $360,000   $360,000   $360,000   $360,000
$216,000   $216,000   $216,000   $270,000   $270,000   $270,000   $270,000
   $0       $35,000      $0       $35,000      $0       $35,000      $0
 $55,200    $55,200    $64,400    $64,400    $73,600    $73,600    $82,800
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
$559,200   $594,200   $640,400   $729,400   $703,600   $738,600   $712,800

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
$288,000   $288,000   $360,000   $360,000   $360,000   $360,000   $360,000
$216,000   $216,000   $216,000   $270,000   $270,000   $270,000   $270,000
 $35,000      $0       $35,000      $0       $35,000      $0       $35,000
 $46,000    $55,200    $55,200    $64,400    $64,400    $73,600    $73,600
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
$585,000   $559,200   $666,200   $694,400   $729,400   $703,600   $738,600

$55,200    $90,200    $64,400    $99,400    $73,600    $108,600   $82,800

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
$193,440   $193,440   $221,360   $240,800   $242,800   $242,800   $244,800
$235,366   $243,786   $278,126   $278,126   $278,126   $284,774   $293,195
$250,000   $125,000    $17,500      $0       $30,000   $255,000   $125,000
 $34,956    $42,688    $37,724    $58,592    $50,202    $58,249    $47,142
$713,761   $604,914   $554,710   $577,518   $601,128   $840,824   $710,136

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
$193,440   $193,440   $221,360   $240,800   $242,800   $242,800   $244,800
$235,366   $243,786   $278,126   $278,126   $278,126   $284,774   $293,195
$250,000   $125,000    $17,500      $0       $30,000   $255,000   $125,000
   $0         $0         $0         $0         $0         $0         $0
 $34,956    $42,688    $37,724    $58,592    $50,202    $58,249    $47,142
$713,761   $604,914   $554,710   $577,518   $601,128   $840,824   $710,136

                                                                   Year 2

                                                                   Year 2
   $0           $0          $0         $0         $0         $0           $0

($128,761)   ($45,714)   $111,490   $116,882   $128,272   ($137,224)   $28,464

$333,470     $287,756    $399,246   $516,128   $644,400   $507,177     $535,640

                                                                        Year 2

                                                                        Year 2
Month 24     Month 25   Month 26   Month 27    Month 28     Month 29     Month 30
$432,000     $468,000   $468,000   $468,000    $546,000     $546,000     $546,000
$270,000     $351,000   $351,000   $351,000    $351,000     $409,500     $409,500
 $35,000      $35,000    $35,000    $35,000     $35,000      $35,000      $35,000
 $82,800      $92,000    $92,000   $101,200    $110,400     $119,600     $128,800
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
$819,800     $946,000   $946,000   $955,200   $1,042,400   $1,110,100   $1,119,300

Month 24     Month 25   Month 26   Month 27    Month 28     Month 29     Month 30
$432,000     $468,000   $468,000   $468,000    $546,000     $546,000     $546,000
$270,000     $351,000   $351,000   $351,000    $351,000     $409,500     $409,500
   $0         $35,000    $35,000    $35,000     $35,000      $35,000      $35,000
 $82,800      $82,800    $92,000    $92,000    $101,200     $110,400     $119,600
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
   $0           $0         $0         $0          $0           $0           $0
$784,800     $936,800   $946,000   $946,000   $1,033,200   $1,100,900   $1,110,100

$117,800     $127,000   $127,000   $136,200   $145,400     $154,600     $163,800

Month 24     Month 25   Month 26   Month 27   Month 28      Month 29     Month 30
$270,720     $314,840   $314,840   $316,840   $346,920      $369,980     $371,980
$324,534     $345,102   $345,102   $357,749   $393,255      $393,255     $402,134
 $17,500      $50,000   $250,000   $127,500    $50,000      $250,000     $155,000
 $61,918      $80,288    $79,871    $77,975    $84,242       $97,218      $96,422
$674,672     $790,230   $989,814   $880,064   $874,418     $1,110,453   $1,025,536

Month 24     Month 25   Month 26   Month 27   Month 28      Month 29     Month 30
$270,720     $314,840   $314,840   $316,840   $346,920      $369,980     $371,980
$324,534     $345,102   $345,102   $357,749   $393,255      $393,255     $402,134
 $17,500      $50,000   $250,000   $127,500    $50,000      $250,000     $155,000
   $0           $0         $0         $0         $0            $0           $0
 $61,918      $80,288    $79,871    $77,975    $84,242       $97,218      $96,422
$674,672     $790,230   $989,814   $880,064   $874,418     $1,110,453   $1,025,536

$7,244,000

$7,286,677
   $0         $0         $0          $0         $0         $0          $0

$110,128   $146,570   ($43,814)   $65,936    $158,782   ($9,553)    $84,564

$645,768   $792,338   $748,524    $814,460   $973,243   $963,690   $1,048,253

$645,768

-$42,677
 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 $624,000     $624,000     $702,000     $702,000     $780,000     $780,000
 $409,500     $468,000     $468,000     $526,500     $526,500     $585,000
  $35,000      $35,000      $35,000      $70,000      $70,000      $35,000
 $138,000     $147,200     $156,400     $165,600     $174,800     $184,000
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
$1,206,500   $1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 $624,000     $624,000     $702,000     $702,000     $780,000     $780,000
 $409,500     $468,000     $468,000     $526,500     $526,500     $585,000
  $35,000      $35,000      $35,000      $35,000      $70,000      $70,000
 $128,800     $138,000     $147,200     $156,400     $165,600     $174,800
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
$1,197,300   $1,265,000   $1,352,200   $1,419,900   $1,542,100   $1,609,800

$173,000     $182,200     $191,400     $235,600     $244,800      $219,000

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 $402,060     $425,120     $455,200     $478,260     $508,340     $531,400
 $434,390     $443,268     $482,542     $491,421     $523,677     $523,677
 $267,500     $155,000     $272,500     $155,000     $267,500     $150,000
 $103,319     $113,756     $118,506     $139,442     $146,339     $148,981
$1,207,269   $1,137,144   $1,328,748   $1,264,123   $1,445,856   $1,354,058

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 $402,060     $425,120     $455,200     $478,260     $508,340     $531,400
 $434,390     $443,268     $482,542     $491,421     $523,677     $523,677
 $267,500     $155,000     $272,500     $155,000     $267,500     $150,000
    $0           $0           $0           $0           $0           $0
 $103,319     $113,756     $118,506     $139,442     $146,339     $148,981
$1,207,269   $1,137,144   $1,328,748   $1,264,123   $1,445,856   $1,354,058

                                                      Year 3     $14,459,300

                                                      Year 3     $13,407,713
    $0           $0           $0           $0           $0           $0

 ($9,969)    $127,856      $23,452     $155,777      $96,244     $255,742

$1,038,284   $1,166,140   $1,189,592   $1,345,369   $1,441,613   $1,697,355

                                                      Year 3     $1,697,355

                                                      Year 3     $1,051,587
Carburritos Fresh Grill, Inc.
Use of Proceeds
2/15/2012

Capital Expenditures                            Month 1     Month 2       Month 3
Headcount-based variable expenses                $5,000        $0          $10,000
New location buildout                           $30,000     $250,000      $120,000
Corporate office equipment                         $0          $0            $0
Description 3                                      $0          $0            $0
Description 4                                      $0          $0            $0
Description 5                                      $0          $0            $0
Description 6                                      $0          $0            $0


Expenses                                        Month 1     Month 2       Month 3
Payroll                                         $8,667      $8,667        $23,500
Benefits and payroll taxes                      $1,083      $1,083         $2,938
Bonuses                                           $0          $0             $0
Marketing                                       $1,000      $1,000         $1,000
Health insurance                                 $200        $200           $600
Business insurances per corporate store           $0          $0             $0
Corporate store expenses                          $0          $0             $0
Travel expenses                                  $200        $200           $200
Outsourced professional services                $2,700      $2,700         $1,550
Corporate Office Expenses                         $0          $0             $0
Miscellaneous                                     $0          $0             $0


Outsourced professional services                Month 1     Month 2       Month 3
Accounting                                       $200        $200          $200
Legal                                            $500        $500          $500
Programming                                      $750        $750          $750
Graphic design                                  $1,250      $1,250         $100


Corporate Office Expenses                       Month 1     Month 2       Month 3
All general office expenses                       $0          $0            $0
Corporate travel                                  $0          $0            $0
Franchise marketing                               $0          $0            $0
Corporate insurances                              $0          $0            $0
Category 5                                        $0          $0            $0
Category 6                                        $0          $0            $0


Enter Final Uses of Proceeds Here               Amount
Establish the first 3 corporate restaurants    $1,200,000              First 3 corporate stores in Year 1
Establish the first 5 franchises restaurants    $215,000               Establish first 5 franchises
Marketing                                        $65,000               Marketing for Year 1
Use 4                                              $0
Use 5                                              $0
Use of Proceeds                                 Amount
Establish the first 3 corporate restaurants    $1,200,000
Establish the first 5 franchises restaurants    $215,000
Marketing                                        $65,000
Working capital                                 $320,000
Financing                                       $200,000
Total                                          $2,000,000
                 Month 4           Month 5    Month 6      Month 7   Month 8    Month 9    Month 10
                 $20,000              $0       $5,000      $17,500      $0       $7,500    $17,500
                 $30,000           $250,000   $120,000     $30,000   $250,000   $120,000     $0
                   $0               $20,000      $0          $0         $0         $0        $0
                   $0                 $0         $0          $0         $0         $0        $0
                   $0                 $0         $0          $0         $0         $0        $0
                   $0                 $0         $0          $0         $0         $0        $0
                   $0                 $0         $0          $0         $0         $0        $0


                 Month 4           Month 5     Month 6     Month 7   Month 8    Month 9    Month 10
                 $38,542           $38,542     $45,458     $58,000   $58,000    $67,833    $80,375
                  $4,818            $4,818      $5,682      $7,250    $7,250     $8,479    $10,047
                    $0                $0          $0          $0        $0         $0         $0
                  $4,000            $4,000      $4,000      $7,000    $7,000     $7,000    $10,000
                  $1,400            $1,400      $1,600      $2,300    $2,300     $2,600     $3,300
                   $650              $650        $650       $1,300    $1,300     $1,300     $1,950
                 $12,000           $12,000     $12,000     $24,000   $24,000    $24,000    $36,000
                   $200              $200        $200        $200      $200       $200       $200
                   $900              $900        $900        $900      $900       $900       $900
                    $0              $8,500     $11,500     $11,500   $11,500    $11,500    $11,500
                    $0                $0          $0          $0        $0         $0         $0


                 Month 4           Month 5     Month 6     Month 7   Month 8    Month 9    Month 10
                  $200              $200        $200        $200      $200       $200       $200
                  $500              $500        $500        $500      $500       $500       $500
                  $100              $100        $100        $100      $100       $100       $100
                  $100              $100        $100        $100      $100       $100       $100


                 Month 4           Month 5     Month 6     Month 7   Month 8    Month 9    Month 10
                   $0              $7,500      $7,500      $7,500    $7,500     $7,500      $7,500
                   $0              $1,000      $1,000      $1,000    $1,000     $1,000      $1,000
                   $0                $0        $2,000      $2,000    $2,000     $2,000      $2,000
                   $0                $0        $1,000      $1,000    $1,000     $1,000      $1,000
                   $0                $0          $0          $0        $0         $0          $0
                   $0                $0          $0          $0        $0         $0          $0




 st 3 corporate stores in Year 1              $1,200,000
 tablish first 5 franchises                    $216,000
arketing for Year 1                             $66,000
Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
  $0         $0       $12,500       $0       $5,000    $17,500       $0
  $0         $0       $30,000    $250,000   $120,000   $30,000    $250,000
  $0         $0       $10,000       $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0
  $0         $0         $0          $0         $0        $0          $0


Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
$80,375    $80,375    $108,894   $108,894   $116,156   $129,325   $129,325
$10,047    $10,047     $13,612    $13,612    $14,520    $16,166    $16,166
   $0         $0          $0         $0         $0         $0         $0
$10,000    $10,000     $10,000    $10,000    $10,000    $13,000    $13,000
 $3,300     $3,300      $4,750     $4,750     $5,000     $5,875     $5,875
 $1,950     $1,950      $1,950     $1,950     $1,950     $2,600     $2,600
$36,000    $36,000     $36,000    $36,000    $36,000    $48,000    $48,000
  $200       $200        $200       $200       $200       $200       $200
  $900       $900       $2,200     $2,200     $2,200     $2,200     $2,200
$11,500    $11,500     $18,000    $18,000    $18,000    $18,000    $18,000
   $0         $0          $0         $0         $0         $0         $0


Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $200       $200        $500       $500       $500       $500       $500
 $500       $500       $1,500     $1,500     $1,500     $1,500     $1,500
 $100       $100        $100       $100       $100       $100       $100
 $100       $100        $100       $100       $100       $100       $100


Month 11   Month 12   Month 13   Month 14   Month 15   Month 16   Month 17
 $7,500     $7,500    $10,000    $10,000    $10,000    $10,000    $10,000
 $1,000     $1,000     $2,500     $2,500     $2,500     $2,500     $2,500
 $2,000     $2,000     $3,000     $3,000     $3,000     $3,000     $3,000
 $1,000     $1,000     $2,500     $2,500     $2,500     $2,500     $2,500
   $0         $0         $0         $0         $0         $0         $0
   $0         $0         $0         $0         $0         $0         $0
Month 18
 $5,000
$120,000
   $0
   $0
   $0
   $0
   $0


Month 18
$136,588
 $17,073
    $0
 $13,000
  $6,125
  $2,600
 $48,000
   $200
  $2,200
 $18,000
    $0


Month 18
  $500
 $1,500
  $100
  $100


Month 18
$10,000
 $2,500
 $3,000
 $2,500
   $0
   $0
                                        1-Day Price
Industry                                  Chg %       Market Cap   P/E
Accident & Health Insurance                0.024       653.18B     11.3
Advertising Agencies                      -0.562       1449.41B    18.2
Aerospace/Defense - Major Diversified     -1.228      14148.34B     8.5
Aerospace/Defense Products & Services       0.1        240.26B     14.5
Agricultural Chemicals                     1.627       869.85B     19.3
Air Delivery & Freight Services            0.203       583.81B     20.7
Air Services, Other                       -0.916       242.18B     11.1
Aluminum                                   3.964       1672.47B    28.2
Apparel Stores                            -0.976       635.51B     16.2
Appliances                                -3.156        10.24B     88.1
Application Software                       0.681       646.56B     17.5
Asset Management                           0.859       4677.26B    17.5
Auto Dealerships                           0.805        27.77B      19
Auto Manufacturers - Major                 0.447      13143.56B    25.3
Auto Parts                                 0.459       1852.94B    16.3
Auto Parts Stores                          1.28         31.58B     17.5
Auto Parts Wholesale                       0.445        14.99B     17.4
Basic Materials Wholesale                  0.285        2.71B      29.6
Beverages - Brewers                        0.303       5295.49B    17.9
Beverages - Soft Drinks                   -0.277       1380.27B    15.1
Beverages - Wineries & Distillers         -0.806       3810.62B     18
Biotechnology                              0.338       2571.55B    57.8
Broadcasting - Radio                       -0.82        47.23B     72.4
Broadcasting - TV                         -0.209       864.00B     21.3
Building Materials Wholesale               1.556        1.93B      128
Business Equipment                        -0.192       118.18B     21.6
Business Services                         -0.226       6549.71B    25.4
Business Software & Services               1.217       630.27B     34.7
Catalog & Mail Order Houses                0.023       145.36B     39.5
CATV Systems                               0.147       2142.27B    19.8
Cement                                     0.689        43.75B      3.6
Chemicals - Major Diversified              0.543      11391.02B    17.4
Cigarettes                                 2.268       338.34B     20.1
Cleaning Products                         -0.221        22.46B     22.8
Closed-End Fund - Debt                     0.146       173.08B       0
Closed-End Fund - Equity                  -2.724       575.91B       0
Closed-End Fund - Foreign                 -3.221       198.18B     13.9
Communication Equipment                    0.298       464.97B     25.1
Computer Based Systems                    -3.842      21958.01B    13.1
Computer Peripherals                      -0.379        13.19B       0
Computers Wholesale                       -1.142        7.05B      10.1
Confectioners                              0.551        46.99B     14.5
Conglomerates                              1.423       9805.56B    15.2
Consumer Services                    0.865      2.96B     47.7
Copper                               0.985     165.53B    15.7
Credit Services                      0.634     875.47B    18.1
Dairy Products                       2.379      8.24B       0
Data Storage Devices                 0.414     108.66B    26.1
Department Stores                    -0.336    1397.26B   17.2
Diagnostic Substances                -0.047     11.94B    179.6
Discount, Variety Stores              0.51     1092.59B   12.8
Diversified Communication Services   -0.016     91.96B    11.6
Diversified Computer Systems         0.196     294.82B    13.2
Diversified Electronics              1.294     522.64B    16.4
Diversified Investments              0.029     100.59B    14.5
Diversified Machinery                 -0.77   23367.30B   12.3
Diversified Utilities                -0.463    8663.52B   13.9
Drug Delivery                        -0.809     68.59B      0
Drug Manufacturers - Major           0.977    36133.54B   17.2
Drug Manufacturers - Other           -0.464    195.54B    28.9
Drug Related Products                -0.088     22.75B    36.5
Drug Stores                          0.266      91.81B    18.5
Drugs - Generic                      -0.539    829.58B    50.1
Drugs Wholesale                       -0.72     72.41B    19.6
Education & Training Services        3.435     102.28B    13.1
Electric Utilities                   1.084     5689.61B   15.6
Electronic Equipment                 -0.291   48276.60B     0
Electronics Stores                   -0.063     13.83B    12.8
Electronics Wholesale                 0.36     583.54B    11.5
Entertainment - Diversified          0.412     605.06B    28.4
Farm & Construction Machinery         -0.88    5795.40B   17.6
Farm Products                        0.995     702.79B    12.6
Food - Major Diversified             -0.516    9194.98B   21.1
Food Wholesale                       -0.623    297.80B    16.8
Foreign Money Center Banks            0.04     4442.53B   22.4
Foreign Regional Banks               0.092     604.60B    17.2
Foreign Utilities                    0.446      35.22B    11.4
Gaming Activities                    -0.137    433.60B      0
Gas Utilities                        2.382     1509.11B    22
General Building Materials           0.746     6423.19B     0
General Contractors                  1.044     4040.48B   44.5
General Entertainment                0.477      57.04B     44
Gold                                  -0.18    2666.34B   21.2
Grocery Stores                       0.388     4338.27B   16.8
Health Care Plans                    0.463     178.81B    11.8
Healthcare Information Services      -2.011     32.96B     71
Heavy Construction                   0.023     373.99B    32.4
Home Furnishing Stores               -1.083     20.76B    18.7
Home Furnishings & Fixtures          1.021     593.95B    12.9
Home Health Care                     0.134      4.77B     24.1
Home Improvement Stores               -0.7     734.62B     16.5
Hospitals                            0.203     319.72B      10
Housewares & Accessories             0.346      19.94B     14.6
Independent Oil & Gas                1.745     3236.90B    16.8
Industrial Electrical Equipment      0.289     135.84B     21.5
Industrial Equipment & Components    0.724      68.74B     18.9
Industrial Equipment Wholesale       0.224     374.76B     21.2
Industrial Metals & Minerals         -0.675   38991.03B    14.9
Information & Delivery Services      -0.571     57.10B     26.2
Information Technology Services      1.526    10508.25B    22.5
Insurance Brokers                    -1.003    1940.21B    20.6
Internet Information Providers       0.773     562.30B     28.7
Internet Service Providers           -0.927     4.43B      44.6
Internet Software & Services         0.862      28.60B     82.4
Investment Brokerage - National      -0.001    2106.95B    25.7
Investment Brokerage - Regional      -0.057     14.23B     41.8
Jewelry Stores                       -0.663    581.97B     27.6
Life Insurance                       0.144     4683.50B    15.8
Lodging                              0.565     1009.72B    28.1
Long Distance Carriers               -1.371     15.80B      14
Long-Term Care Facilities            -1.325     9.41B      63.7
Lumber, Wood Production              0.058      19.40B       0
Machine Tools & Accessories          -0.214     44.53B     15.9
Major Airlines                       0.395     1149.09B    10.1
Major Integrated Oil & Gas           0.347    56661.11B    10.2
Management Services                  -0.318     28.26B      25
Manufactured Housing                 -0.367    470.10M       0
Marketing Services                   -1.287     20.34B     47.6
Meat Products                        0.455      40.51B     17.2
Medical Appliances & Equipment       -0.024    931.26B     16.3
Medical Equipment Wholesale          1.894      63.52B     21.4
Medical Instruments & Supplies       0.261     323.11B     24.1
Medical Laboratories & Research      0.838     131.43B     202.8
Medical Practitioners                -0.447     3.31B       7.6
Metal Fabrication                    0.251     113.66B     23.9
Money Center Banks                   0.232    412711.64B   11.3
Mortgage Investment                  1.614     3178.11B    16.2
Movie Production, Theaters           0.472      8.76B      17.8
Multimedia & Graphics Software       0.572      58.75B     64.6
Music & Video Stores                 0.631      7.03B      72.9
Networking & Communication Devices   -1.625    133.01B     16.4
Nonmetallic Mineral Mining           0.008      12.25B     12.7
Office Supplies                      -0.108     1.17B       5.3
Oil & Gas Drilling & Exploration     -0.009    4820.45B    13.4
Oil & Gas Equipment & Services       -1.137   11829.75B    27.5
Oil & Gas Pipelines                  1.333     739.65B     38.4
Oil & Gas Refining & Marketing       1.423     8378.62B    14.1
Packaging & Containers                  1.978    817.29B    19.7
Paper & Paper Products                  0.851    429.01B     5.8
Personal Computers                      3.236    492.26B    14.4
Personal Products                       1.641    6397.46B   16.1
Personal Services                      -0.038     78.33B     20
Photographic Equipment & Supplies       0.444     55.12B    30.7
Pollution & Treatment Controls          0.97     126.57B    39.8
Printed Circuit Boards                  1.901     22.82B    17.6
Processed & Packaged Goods              0.495    239.05B    47.6
Processing Systems & Products          -0.101     6.51B      73
Property & Casualty Insurance           0.262    3843.30B   21.8
Property Management                     0.391    814.75B     16
Publishing - Books                      0.413     31.87B    12.4
Publishing - Newspapers                -1.174    2778.84B   23.5
Publishing - Periodicals                0.861     21.55B    21.9
Railroads                              -0.198    584.66B    16.6
Real Estate Development                 2.771    1960.57B   10.1
Recreational Goods, Other             -12.746   16731.55B   32.2
Recreational Vehicles                   0.333     19.60B    23.1
Regional - Mid-Atlantic Banks           0.181    128.64B      0
Regional - Midwest Banks                0.108    8672.11B   17.5
Regional - Northeast Banks             -1.023     63.72B    18.3
Regional - Pacific Banks                1.138     62.46B    37.5
Regional - Southeast Banks              0.503     25.91B    71.2
Regional - Southwest Banks             -0.162     23.75B     16
Regional Airlines                       1.203     29.77B    18.9
REIT - Diversified                      0.146    1623.26B     0
REIT - Healthcare Facilities           -0.385     84.99B    43.7
REIT - Hotel/Motel                      0.015     34.37B      0
REIT - Industrial                       0.272    234.34B    55.4
REIT - Office                          -0.531     71.26B    101.1
REIT - Residential                     -0.796     93.56B    57.4
REIT - Retail                           0.093    975.31B      0
Rental & Leasing Services               0.475    312.86B    32.1
Research Services                      -0.416     13.08B    29.8
Residential Construction               -0.661    893.66B      0
Resorts & Casinos                       1.26     658.98B    25.3
Restaurants                            -0.296   1141.05B    21.4
Rubber & Plastics                       2.06     336.04B    32.3
Savings & Loans                        -0.462     58.56B      0
Scientific & Technical Instruments     -0.241    129.08B    30.4
Security & Protection Services         -0.242    396.08B    32.4
Security Software & Services            0.906     39.68B    23.2
Semiconductor - Broad Line             -0.159    1082.94B   12.5
Semiconductor - Integrated Circuits     0.48     159.14B     15
Semiconductor - Specialized             1.309     73.01B    28.1
Semiconductor Equipment & Materials     1.123    331.44B    11.7
Semiconductor- Memory Chips                 0.557      25.51B    12.7
Shipping                                   363.867    2308.84B     0
Silver                                      -1.799     62.28B    19.1
Small Tools & Accessories                   0.073      10.99B    19.2
Specialized Health Services                 0.289      20.07B    17.3
Specialty Chemicals                         1.004     1853.85B     0
Specialty Eateries                          1.063      41.95B     28
Specialty Retail, Other                     0.659     1082.58B   21.7
Sporting Activities                         -0.529     4.27B     29.9
Sporting Goods                              -0.462     3.47B       0
Sporting Goods Stores                       -0.237     8.93B     19.7
Staffing & Outsourcing Services             0.168     343.73B    55.6
Steel & Iron                                0.146     4376.08B   14.8
Surety & Title Insurance                    0.295      12.67B    20.1
Synthetics                                  0.137      48.11B    22.4
Technical & System Software                 -0.486    1795.68B   40.3
Technical Services                          0.813      29.17B    14.2
Telecom Services - Domestic                 -0.262    400.20B    14.7
Telecom Services - Foreign                  -0.433    410.21B    12.5
Textile - Apparel Clothing                  -1.434    1044.63B   25.6
Textile - Apparel Footwear & Accessories    0.887     361.82B    23.6
Textile Industrial                          1.876     1095.42B   24.8
Tobacco Products, Other                     -0.435   11905.65B   18.7
Toy & Hobby Stores                           1.28     145.15M      0
Toys & Games                                1.654      17.24B     14
Trucking                                     -0.84    461.73B     28
Trucks & Other Vehicles                     0.035      40.00B    13.9
Waste Management                            0.141     114.11B    22.7
Water Utilities                             -0.292    1288.45B   18.9
Wholesale, Other                            -4.298     4.76B     35.4
Wireless Communications                      -1.24   36791.93B   14.7
                                                                 Price To Free
                                                   Net Profit     Cash Flow
ROE %   Div. Yield % Debt to Equity Price to Book Margin (mrq)       (mrq)
 10.4      2.392        35.576           1.18         7.2              7.1
 11.5      1.828        71.938           -3.48        6.2             -15.1
 17.1      2.799       173.151          -48.55        7.2             -17.1
 24.1      2.243       203.005          -37.09        6.8            -185.5
 17.9      1.747        78.629           4.62        15.2               88
  22       1.997        86.523           5.88         5.6             77.9
  8.3      2.213        85.167           1.62        12.9            -111.2
  5.2      1.284        35.432           1.66         3.3             -87.6
 19.4      1.776       512.888           4.44         5.6            -140.1
  4.2      2.391        87.751           -12.5        1.3             -13.1
 24.9       1.74        29.677          10.51        23.2             20.5
 10.3      2.366       125.674           4.51         9.7             59.1
 12.6      1.066       152.729           5.59         2.2           -2760.2
  7.9      1.387       197.649           1.78         2.9             -33.7
 18.1      1.551        69.846           5.91         4.7             -46.9
 48.2       0.36        45.988            12          7.5             18.9
 15.8      2.759         28.71           3.91         4.7            -758.1
  4.5      3.121       153.332            3.5         0.4              -16
  20       1.538        39.664          -12.03       20.3            302.6
  27       2.719       208.455          25.01          15             -118
 24.1      2.939       137.061          -22.74         17               55
  8.7      2.069        39.493           7.38        11.9            155.6
 28.1      0.741       320.069           -1.77        5.4             72.4
 14.3      1.085        88.786           -7.84        9.8             26.7
  1.5         0        141.239            10          0.3             -13.6
  9.8      3.252        85.676          -78.32          4            -165.3
 15.9      0.952        95.803          -39.39       10.2             71.3
 11.4      2.263        24.315          11.25         9.9            256.1
 10.7      0.874        25.105          13.34         5.4             -34.3
 18.4      1.721       383.365           -2.15        9.1               99
   0       1.144        74.939           2.85         -2.5            -32.8
 19.6      2.479        69.905          10.03         7.6             -17.2
 57.1      4.008       321.072           -8.22       22.5            288.1
 18.2      1.323         33.93          19.45         7.9             -59.3
   0       5.075         24.27           2.02        -51.3            -14.6
  4.5      2.038         5.239           3.06        30.1              -6.3
  3.7       3.22         3.531           0.48        38.3             35.2
  10       1.525           66             4.4         5.8             -28.2
 14.1        2.7       154.578           3.14         6.4                0
   0       1.629        64.404           1.92         -3.2            -25.4
  9.4      4.958        21.001           0.95         0.9               11
 34.5      2.315       180.935           9.35        10.7             -49.5
 20.5      1.923          56.8          18.92        13.1             -70.9
12.4   6.039   109.19     6.84     7.2    -47.7
28.2   1.703    28.83     3.33    25.1    48.6
 9.9   1.385   395.676    2.33    10.1    10.4
  0      0     122.066    -2.97   -0.9    188.3
12.6   3.567   28.601     6.23     8.6    51.1
12.7   1.929   79.547     2.87     2.9   -153.8
 2.5   3.472   36.475     4.99     2.7    134.7
22.2   2.174   39.272     3.63     3.7   -746.7
11.8   3.201   165.812    -7.14    7.4   -222.2
36.4    1.6    134.828    -34.3   10.2    34.3
  9    1.636   29.215     1.76     8.3    -70.8
11.3   2.505   462.067    1.84    18.4    13.5
11.9   2.55    272.11     5.85     8.2      44
11.1   4.167   86.652      1.8     8.5   -317.7
  0    0.363   85.506     -9.05   -1.2    -53.9
15.8   4.219   73.362    19.89    16.7    -88.1
13.4   0.95    245.304   17.85    14.1   -193.8
14.9   0.73    63.249    13.95     9.5    41.3
10.1   1.875   27.373     8.53     2.6    31.4
 7.6   0.127   51.042    -21.98     6     -81.6
16.6   1.316   82.335    -24.61    1.1   5291.6
 20    1.923    64.17     8.24     9.9    22.8
 7.1   3.717   195.416    1.35     6.9    -60.8
  0    2.024   56.077     2.42    -2.4    -16.7
13.4   2.825    31.73     3.73     2.4    104.7
 14    0.681   730.818    2.41     2.6     -9.9
 7.3   1.586   55.002    18.01     8.1    41.8
20.4   1.296   256.407    5.34     6.7    533.3
 9.2   2.025   90.122     1.08     2.5     -8.5
  9    3.404   83.444     -2.97    5.2     -79
20.6   3.616   89.752     5.37     2.3    -60.2
 7.8   5.218     NA        1.4     7.4      30
 9.4   2.983     NA       1.28     9.4     2.1
24.4   3.743   109.031   38.28    16.5    -70.3
  0    1.694   59.315    15.02    -2.3    14.6
11.7   3.923   46.322     2.98     8.2    863.6
  0    1.357   46.666      5.8    -0.8    -31.1
  4    0.586   95.776     4.82     1.6    -21.8
 9.9   3.332   54.082     5.67     9.8    70.5
10.3   1.239   13.697     2.45     24     -54.3
13.6   1.559    56.15     4.12     1.5      55
17.2   1.251   61.386    10.08     4.5    46.2
 6.7   1.667   62.517     21.1     7.1    74.4
  7    0.696   127.738    2.86      2     -35.5
17.7   1.549    1.476     3.28     7.4     255
 11    1.616   188.268   10.82     5.9   -279.5
 12    2.317   73.518    -11.11    5.7   -381.6
15.6   2.437   20.351     2.56     4.6    16.1
144    0.095   76.253     -2.49    4.3   489.9
26.4   2.325   175.076    -4.56    6.4    28.3
11.4   1.861   59.261     2.28     8.2     -83
13.6   2.148   45.121      7.6      7     -25.4
15.9   2.594   56.851    34.31     8.3   864.7
17.4   1.317   47.434     6.67     5.4   440.7
24.6   2.892   28.322     4.47     26    161.7
  8    3.266   78.571    -12.55    8.3   -1259
11.7   1.821   10.903     8.37     5.6    -43.7
12.6   2.186   46.322    -10.55    7.4   224.3
15.3   7.321   25.609     4.66    23.8    65.2
  7    0.825   47.867     5.55     5.7    -63.4
 6.3   1.419    20.62     8.91     5.7    91.9
  6    1.855   340.793    1.59     9.4     -9.4
 3.5   1.853   166.573     1.7     3.3    47.1
11.7   1.503   23.535     3.28     5.9   -198.4
 9.4   2.495   88.136     1.32     4.7     5.2
12.2   1.238   108.041   10.27     6.4    33.2
27.6    5.1    156.485    4.77    10.5    43.1
 2.4   0.85    208.507    4.05     0.9    -13.8
  0    0.428   40.477     1.49    -4.2    -63.1
 9.8   1.892   39.324     9.26     6.8    -78.3
38.1   0.04    123.052    -1.79    2.2     7.2
18.1   3.046   32.606     1.94     7.9   177.6
16.8    1.2    48.394    15.81     5.8    64.9
  0    3.633   43.212     2.51    -4.2      -5
 5.7   2.276   110.227    -5.75    2.9    66.3
 9.5   0.608   46.129       2      2.9    -62.9
14.1   1.622   28.273     6.06    13.7   204.1
13.5   1.982   59.185     7.38     3.3   567.4
13.5   1.603   42.755    16.88    13.6     155
 1.5   0.809    75.61     -9.45    0.8    -40.6
12.7   5.921   45.035     5.59     4.3    35.8
10.2   0.525   69.092      4.7     6.1     -55
 6.7   2.547   13.395     1.24    10.2     7.9
 6.4   6.312   895.336    0.97    10.6   135.9
17.9   5.12    750.22    26.09     5.9    39.1
  4    1.403   41.468      5.9     5.1    -89.7
33.6    NA     61.063    86.25     5.2   192.4
12.4   1.193   33.124     3.61    14.7    14.8
 5.1   4.393   43.446     2.72     5.9   -130.4
154    1.999   32.236    -13.67    6.9    59.3
11.2   2.302   31.886     1.89    13.6    -42.4
 9.7   1.153   31.222     5.29     8.5    -114
11.3   4.574   147.63     4.02     6.1    -23.4
15.3   2.436   117.459    2.08      3       97
12.2   1.859   109.493   17.38     4.3     -19.4
16.8   2.483    63.819    1.78       9     65.7
31.7      0     95.417    5.24    16.2     14.4
23.5   3.038    40.453   -14.57   13.3     92.6
15.2   2.507   166.421   47.42     6.7     72.8
 6.2   3.168     0.944    2.04     3.6     -78.1
 7.9   0.691    54.725    3.81     5.4    121.6
 9.6   1.402    71.352    1.95     1.6    290.5
 30    2.775   113.453    -18.3   11.5    -496.6
 4.3   0.839     9.79     5.17     4.1     93.9
 7.9   1.813    48.405    1.59     8.7     68.5
15.3    2.24   176.203     2.5    12.1     -26.5
23.7   2.211    53.468   -24.17   15.6     -30.5
 7.1   1.339   192.765    -2.24    2.5     20.4
25.7   2.409   359.923    8.07    53.1     -44.6
14.2   1.946    43.983    2.52    15.5       34
13.4   2.186     90.59    2.13    12.4     -36.7
12.1   0.306   112.603    5.03     5.1    193.4
15.9   1.355   161.724    4.19     6.1     60.6
  0    0.994      NA       1.1    -11.9     2.6
 7.6   1.809      NA       1.6    12.7      6.1
 7.3   2.525      NA      1.81    15.3      -32
 5.2    1.63     3.017     1.5     9.7     12.4
 2.2   1.743      NA      1.21       4        6
 8.9   2.335      NA      1.74    17.7     21.3
10.4   1.375    152.05    2.29     4.6     24.9
 9.1   6.822    72.014    1.66      29      169
 4.4   4.821   110.037    1.97    20.9      -5.9
  0    1.619     77.83    1.47     -3.8    -10.7
 1.1   3.369    90.304     1.5     3.1      -27
 3.6   3.884   111.641    2.57     9.3     -140
 6.6   5.159   221.954    2.49    20.1     -19.8
 1.2   3.451    89.255    2.35     3.1    -141.5
 5.9   2.016   541.929    3.66     3.1      -3.7
13.2   0.476    30.675   10.74    12.8     26.8
  0    1.074    21.485     1.5     -4.2    -13.9
12.2   2.012    95.847    4.82      10     45.9
29.6   2.384   118.242   10.48     9.9     72.2
 8.6   0.896   109.359    5.77     1.2      -7.1
 5.4   3.605   358.172    1.24    13.3     10.9
10.8   1.372    28.161    6.28     8.9     94.4
 4.9   1.235   130.824    4.81       3     -17.2
13.9   2.082    39.541   25.15    13.2     46.4
23.5   2.801    32.939    4.07    17.2     -34.4
17.6   2.373    15.218    3.18      18     -98.4
12.4   1.895     37.86    3.95    11.2    392.7
17.8   2.542     9.726    2.38    16.1       19
11.5     0     21.734     1.91    11.5   242.7
 0.7   4.18    177.711    1.11      1      -9.3
13.1   0.875   40.765     2.63     41     39.1
10.4   1.757   44.395     2.87     7.1    95.8
17.6   1.93    119.837   -10.02    9.4    -63.6
29.7   2.088   50.152     3.82    11.3   527.1
23.9   1.399   11.553     7.26     9.2    71.2
12.7   1.522   54.804     6.94      3    -186.1
 4.1   1.39    51.941     1.79     4.8    21.8
  0    1.254   73.452     2.71    -1.3    -34.6
13.1   1.179    54.49     2.76     3.9   -345.4
  6     3.2    448.652    6.47     1.3   -151.8
 8.9   1.959   99.928     1.96     5.1    -14.7
 4.3   3.154   23.019     0.97     4.8   119.2
17.5   1.599   123.162    9.41     8.1    -66.5
14.9   0.504   30.525     9.91    12.9   269.9
12.2   0.98    32.944     7.51      4     -24.8
14.1   5.823   83.699     -4.64   10.4   180.5
 14    4.855   303.765    7.58     7.7   140.7
11.7   1.079    49.64     7.35     5.3    -44.2
19.9   1.294   24.643     4.99     9.4    72.1
 5.7   0.875   95.846     2.71     3.2    -49.9
 8.1   3.286   96.072     1.07     2.2     -4.9
  0     NA       NA       1.11    -0.5     -6.6
23.8   3.863   71.546     5.85     9.7    -29.7
 8.5   1.082   355.149    3.94     1.7   -273.4
27.1   1.125   1823.04    5.58     6.3    65.5
10.8    4.3    106.273    -7.77    4.5    -75.8
 8.2   2.85    395.384    1.99     12    144.5
 6.4   3.378   33.095     2.79     2.3     -59
13.3   3.65    246.01     3.75     14     30.6
Carburritos Fresh Grill, Inc.
Valuation Assumptions
2/15/2012

http://biz.yahoo.com/p/s_conameu.html

P/E Data
Current public multiple                         21.4
Risk multiplier                                 80%          17.1
Liquidity multiplier                            75%          12.8
Market multiplier                               75%           9.6
Projected discounted multiple                    9.6


Venture Capital Method
Year 3 EBIT                                  $4,287,870
Projected EBIT multiple                          9.6
IRR                                             73%
Investment capital                           $2,000,000
% of the business to sell                      25.1%
Premoney valuation                           $5,974,979
Postmoney valuation                          $7,974,979
Year 3 estimated ROI                           518%


Annual Estimated Earnings                      Year 1       Year 2
EBIT                                         $300,848     $1,635,477
% of company owned by new investors            25.1%
Total earnings to new investors               $75,448      $410,152
Annual earnings projections                    3.77%        20.51%


Projected ROI Summary                          Year 1       Year 2
EBIT                                          $300,848    $1,635,477
Assumed P/E ratio (multiple) on EBIT              9.6
Value of company at end of year              $2,897,164   $15,749,641
% of company owned by new investors             25.1%
Estimated equity of new investors             $726,563    $3,949,763
Total ROI for new investors at end of year       36%         197%


Upside Potential ROI Summary                   Year 1       Year 2
EBIT                                          $300,848    $1,635,477
Assumed P/E ratio (multiple) on EBIT             21.4
Value of company at end of year              $6,438,142   $34,999,202
% of company owned by new investors             25.1%
Estimated equity of new investors            $1,614,585   $8,777,252
Total ROI for new investors at end of year       81%        439%
Capitalization Data
Calculated postmoney valuation                              $7,974,979
Postmoney valuation                                         $8,000,000
Price per share                                                $1.00
Amount of capital raise                                     $2,000,000
Number of shares to sell                                     2,000,000
Number of shares to current shareholders                     6,000,000
Total shares                                                 8,000,000
Percentage of Company to new investors                        25.00%
Premoney valuation                                          $6,000,000


Key Investment Projection Data
Amount of capital raise                                      $2,000,000
Premoney valuation                                           $6,000,000
Postmoney valuation                                          $8,000,000
Percentage of Company to new investors                          25%
Price per common share                                          $1.00
Shares per unit                                                25,000
Price per unit                                                $25,000
Proforma Year 3 EBIT                                         $4,287,870
Potential P/E ratio                                              9.6
Potential Company value after Year 3                        $41,292,187
Investor exit via merger, acquisition, or public offering
  Year 3
$4,287,870

$1,075,331
  53.77%


  Year 3
$4,287,870

$41,292,187

$10,355,434
   518%


  Year 3
$4,287,870

$91,760,415

$23,012,076
  1151%
Carburritos Fresh Grill, Inc.
Capitalization Structure
2/15/2012

Prefunding Capitalization
Common stock authorized                        100,000,000
Preferred stock authorized                      10,000,000
Common stock outstanding                         6,000,000
Preferred stock outstanding                           0
Total shares outstanding                         6,000,000
Amount of capital raise                         $2,000,000
Unit price                                        $25,000
Number of units                                      80
Common share price                                 $1.00
Shares offered to investors                      2,000,000
Commissions                                      $200,000
Net proceeds to company                         $1,800,000
Common Shares                                     Shares     Percentage
Dave H. Alderman                                 2,850,000     47.50%
David R. Carruthers                              2,850,000     47.50%
Shareholder 3                                         0         0.00%
Shareholder 4                                         0         0.00%
Shareholder 5                                         0         0.00%
Shareholder 6                                         0         0.00%
Shareholder 7                                         0         0.00%
Reserve for ESOP / ISOP                           300,000       5.00%
Reserve for convertible notes                         0         0.00%
New Investors                                         0         0.00%
Subtotal Common Shares                           6,000,000    100.00%
Preferred Shares                                  Shares     Percentage
None                                                  0         0.00%
Shareholder 2                                         0         0.00%
Shareholder 3                                         0         0.00%
Shareholder 4                                         0         0.00%
Shareholder 5                                         0         0.00%
Subtotal Preferred Shares                             0         0.00%
Grand Total All Shares Outstanding               6,000,000    100.00%


Key Capitalization Data
Amount of capital raise                        $2,000,000
Percentage of the company sold to investors         0
Post-funding value of the company              $8,000,000
Pre-funding value of the company               $6,000,000
Price per share                                   $1.00
Number of shares issued/reserved pre-funding    6,000,000
Total common shares issued pre-funding          6,000,000
Total preferred shares issued pre-funding           0
Additional shares reserved this round           2,420,000
Prefunding Equity
Common Shares                           %      Shares
Dave H. Alderman                     47.50%   2,850,000
David R. Carruthers                  47.50%   2,850,000
Shareholder 3                         0.00%       0
Shareholder 4                         0.00%       0
Shareholder 5                         0.00%       0
Shareholder 6                         0.00%       0
Shareholder 7                         0.00%       0
Reserve for ESOP / ISOP               5.00%    300,000
Subtotal Common Equity              100.00%   6,000,000
Preferred Shares                        %
None                                  0.00%       0
Shareholder 2                         0.00%       0
Shareholder 3                         0.00%       0
Shareholder 4                         0.00%       0
Shareholder 5                         0.00%       0
Subtotal Preferred Equity             0.00%       0
Grand Total All Prefunding Equity   100.00%   6,000,000
Postfunding Capitalization
Common stock authorized              100,000,000
Preferred stock authorized            10,000,000
Common stock outstanding               8,420,000
Preferred stock outstanding                0
Total shares outstanding               8,420,000
Postfunding market capitalization     $8,420,000
Common Shares                           Shares     Percentage
Dave H. Alderman                       2,850,000     33.85%
David R. Carruthers                    2,850,000     33.85%
Shareholder 3                              0          0.00%
Shareholder 4                              0          0.00%
Shareholder 5                              0          0.00%
Shareholder 6                              0          0.00%
Shareholder 7                              0          0.00%
Reserve for ESOP / ISOP                 300,000       3.56%
Reserve for convertible notes          2,420,000     28.74%
New Investors                              0          0.00%
Subtotal Common Shares                 8,420,000    100.00%
Preferred Shares                        Shares     Percentage
None                                       0          0.00%
Shareholder 2                              0          0.00%
Shareholder 3                              0          0.00%
Shareholder 4                              0          0.00%
Shareholder 5                              0          0.00%
Subtotal Preferred Shares                  0          0.00%
Grand Total All Shares Outstanding     8,420,000    100.00%
Founder Equity Capital
$15,000

Price Paid for Shares
$6,000
$9,000
$0
$0
$0
$0
$0
$0
$2,000,000
$0

Price Paid for Shares
$0
$0
$0
$0
$0
Carburritos Fresh Grill, Inc.
Summary of Projections
2/15/2012


Projected Income Statement                      Year 1        Year 2        Year 3
Revenue                                      $2,160,700     $7,308,400   $14,560,500
Cost of Goods Sold                            $706,980      $2,454,400    $4,835,780
  COGS percentage                                33%            34%           33%
Gross Margin                                 $1,453,720     $4,854,000    $9,724,720
  Gross Margin percentage                        67%            66%           67%
Selling, General & Administrative expenses   $1,084,525     $3,046,634    $5,135,572
  SG&A percentage                                50%            42%           35%
Operating Income (EBITDA)                     $369,195      $1,807,366    $4,589,148
  Operating margin percentage                    17%            25%           32%
Depreciation & amortization                    $68,347       $171,889      $301,278
EBIT                                          $300,848      $1,635,477    $4,287,870
  EBIT percentage                                14%            22%           29%
Interest                                          $0             $0            $0
Tax provision                                  $90,254       $490,643     $1,286,361
Net Income                                    $210,593      $1,144,834    $3,001,509
  Net income percentage                          10%            16%           21%


Projected Balance Sheet                         Year 1         Year 2      Year 3
Cash                                          $688,446       $645,768    $1,697,355
Receivables                                    $53,400       $117,800     $219,000
Inventory                                      $30,000        $60,000     $100,000
Other current assets                           $82,500       $167,500     $267,500
Total current assets                          $854,346       $991,068    $2,283,855
Net fixed and other assets                   $1,220,000     $2,430,000   $4,480,000
Total Assets                                 $2,074,346     $3,421,068   $6,763,855
Payables / accrual                            $315,357       $674,672    $1,354,058
Short term notes                                 $0             $0           $0
Other current liabilities                      $32,346        $61,918     $148,981
Long term debt                                   $0             $0           $0
Other long term liabilities                      $0             $0           $0
Net worth                                    $1,726,643     $2,684,478   $5,260,816
Total Liabilities and Net Worth              $2,074,346     $3,421,068   $6,763,855


Projected Cash Flow                             Year 1        Year 2       Year 3
Starting cash                                     $0        $888,446      $845,768
Cash from operations                         ($1,111,554)   ($42,677)    $1,051,587
Financing activities                          $2,000,000       $0            $0
Increase / decrease cash                       $888,446     ($42,677)    $1,051,587
Ending Cash                                    $888,446     $845,768     $1,897,355
Carburritos Fresh Grill, Inc.
Pro Forma Monthly Details
2/15/12



Year 1 Pro Forma Financial Statement      Month 1      Month 2      Month 3      Month 4      Month 5      Month 6     Month 7      Month 8     Month 9     Month 10   Month 11   Month 12     Totals
Revenue
First time customer                          $0          $0            $0        $66,000      $66,000      $66,000     $132,000    $132,000     $132,000    $198,000   $198,000   $198,000   $1,188,000
Repeat customers                             $0          $0            $0          $0         $49,500      $49,500      $49,500     $99,000      $99,000     $99,000   $148,500   $148,500    $742,500
New Franchises Signed                        $0          $0            $0          $0           $0         $35,000        $0        $35,000         $0       $35,000    $35,000    $35,000    $175,000
Monthly Franchise Royalties                  $0          $0            $0          $0           $0           $0           $0          $0          $9,200      $9,200    $18,400    $18,400     $55,200
Revenue Category 5                           $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Revenue Category 6                           $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Revenue Category 7                           $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Revenue Category 8                           $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Revenue Category 9                           $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Revenue Category 10                          $0          $0            $0          $0           $0           $0           $0          $0            $0          $0        $0         $0          $0
Monthly Revenue Totals                       $0          $0            $0        $66,000     $115,500     $150,500     $181,500    $266,000     $240,200    $341,200   $399,900   $399,900   $2,160,700

COGS                                        $0           $0           $0         $23,760      $41,580      $41,580     $65,340      $83,160     $85,160     $108,920   $128,740   $128,740   $706,980
COGS Percentage                             0%           0%           0%          36%          36%          28%         36%          31%         35%          32%        32%        32%        33%

Gross Profit                                $0           $0           $0         $42,240      $73,920     $108,920     $116,160    $182,840     $155,040    $232,280   $271,160   $271,160   $1,453,720
Gross Margin                                0%           0%           0%          64%          64%          72%          64%         69%          65%         68%        68%        68%         67%

Expenses
Payroll                                    $8,667       $8,667      $23,500      $38,542      $38,542      $45,458      $58,000     $58,000      $67,833     $80,375    $80,375    $80,375    $588,333
Benefits and payroll taxes                 $1,083       $1,083       $2,938       $4,818       $4,818       $5,682       $7,250      $7,250       $8,479     $10,047    $10,047    $10,047     $73,542
Bonuses                                      $0           $0           $0           $0           $0           $0           $0          $0           $0          $0         $0         $0          $0
Marketing                                  $1,000       $1,000       $1,000       $4,000       $4,000       $4,000       $7,000      $7,000       $7,000     $10,000    $10,000    $10,000     $66,000
Health insurance                            $200         $200         $600        $1,400       $1,400       $1,600       $2,300      $2,300       $2,600      $3,300     $3,300     $3,300     $22,500
Business insurances per corporate store      $0           $0           $0          $650         $650         $650        $1,300      $1,300       $1,300      $1,950     $1,950     $1,950     $11,700
Corporate store expenses                     $0           $0           $0        $12,000      $12,000      $12,000      $24,000     $24,000      $24,000     $36,000    $36,000    $36,000    $216,000
Travel expenses                             $200         $200         $200         $200         $200         $200         $200        $200         $200        $200       $200       $200       $2,400
Outsourced professional services           $2,700       $2,700       $1,550        $900         $900         $900         $900        $900         $900        $900       $900       $900      $15,050
Corporate Office Expenses                    $0           $0           $0           $0         $8,500      $11,500      $11,500     $11,500      $11,500     $11,500    $11,500    $11,500     $89,000
Miscellaneous                                $0           $0           $0           $0           $0           $0           $0          $0           $0          $0         $0         $0          $0
Monthly Expenses Totals                   $13,850      $13,850      $29,788      $62,509      $71,009      $81,991     $112,450    $112,450     $123,813    $154,272   $154,272   $154,272   $1,084,525
Expenses Percentage                          0%           0%           0%          95%          61%          54%          62%         42%          52%         45%        39%        39%         50%

EBITDA                                    ($13,850)   ($13,850)     ($29,788)    ($20,269)    $2,911      $26,929       $3,710     $70,390      $31,228     $78,008    $116,888   $116,888   $369,195
EBITDA Percentage                            0%          0%            0%          -31%         3%          18%           2%         26%          13%         23%        29%        29%        17%

Interest expense                             $0          $0            $0           $0          $0           $0           $0          $0           $0         $0         $0         $0          $0
Income tax provision (shown annually)                                                                                                                                                         $90,254
Depreciation and amortization               $306       $1,694       $2,639       $3,361       $4,861       $5,667       $6,319      $7,708       $8,583      $9,069     $9,069     $9,069     $68,347

Monthly Cash Flow                         ($51,350)   ($266,350)   ($162,288)    ($70,269)   ($267,089)   ($139,449)    ($8,790)   ($233,415)   ($77,266)    $4,827     $75,343    $84,543
Cash Balance                              $448,650     $682,300    $1,020,013   $1,249,743    $982,654     $843,204    $834,414     $601,000    $523,734    $528,561   $603,903   $688,446

Net Income                                ($14,156)   ($15,544)     ($32,426)    ($23,630)    ($1,950)    $21,263      ($2,609)    $62,682      $22,644     $68,939    $107,819   $107,819   $210,593
Net Margin                                   0%          0%            0%          -36%         -2%         14%          -1%         24%          9%          20%        27%        27%        10%
Carburritos Fresh Grill, Inc.
Pro Forma Monthly Details
2/15/12



Year 2 Pro Forma Financial Statement      Month 13   Month 14     Month 15    Month 16   Month 17     Month 18    Month 19   Month 20   Month 21   Month 22     Month 23   Month 24     Totals
Revenue
First time customer                       $216,000   $216,000     $216,000    $288,000   $288,000     $288,000    $360,000   $360,000   $360,000   $360,000     $360,000   $432,000   $3,744,000
Repeat customers                          $162,000   $162,000     $162,000    $162,000   $216,000     $216,000    $216,000   $270,000   $270,000   $270,000     $270,000   $270,000   $2,646,000
New Franchises Signed                        $0       $35,000        $0        $35,000      $0         $35,000       $0       $35,000      $0       $35,000        $0       $35,000    $210,000
Monthly Franchise Royalties                $27,600    $36,800      $46,000     $46,000    $55,200      $55,200     $64,400    $64,400    $73,600    $73,600      $82,800    $82,800    $708,400
Revenue Category 5                           $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Revenue Category 6                           $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Revenue Category 7                           $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Revenue Category 8                           $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Revenue Category 9                           $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Revenue Category 10                          $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Monthly Revenue Totals                    $405,600   $449,800     $424,000    $531,000   $559,200     $594,200    $640,400   $729,400   $703,600   $738,600     $712,800   $819,800   $7,308,400

COGS                                      $142,080   $144,080     $146,080    $172,000   $193,440     $193,440    $221,360   $240,800   $242,800   $242,800     $244,800   $270,720   $2,454,400
COGS Percentage                             35%        32%          34%         32%        35%          33%         35%        33%        35%        33%          34%        33%         34%

Gross Profit                              $263,520   $305,720     $277,920    $359,000   $365,760     $400,760    $419,040   $488,600   $460,800   $495,800     $468,000   $549,080   $4,854,000
Gross Margin                                65%        68%          66%         68%        65%          67%         65%        67%        65%        67%          66%        67%         66%

Expenses
Payroll                                   $108,894   $108,894     $116,156    $129,325   $129,325     $136,588    $149,756   $149,756   $149,756   $155,444     $162,706   $175,875   $1,672,475
Benefits and payroll taxes                 $13,612    $13,612      $14,520     $16,166    $16,166      $17,073     $18,720    $18,720    $18,720    $19,430      $20,338    $21,984    $209,059
Bonuses                                       $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Marketing                                  $10,000    $10,000      $10,000     $13,000    $13,000      $13,000     $16,000    $16,000    $16,000    $16,000      $16,000    $19,000    $168,000
Health insurance                            $4,750     $4,750       $5,000      $5,875     $5,875       $6,125      $7,000     $7,000     $7,000     $7,250       $7,500     $8,375     $76,500
Business insurances per corporate store     $1,950     $1,950       $1,950      $2,600     $2,600       $2,600      $3,250     $3,250     $3,250     $3,250       $3,250     $3,900     $33,800
Corporate store expenses                   $36,000    $36,000      $36,000     $48,000    $48,000      $48,000     $60,000    $60,000    $60,000    $60,000      $60,000    $72,000    $624,000
Travel expenses                              $200       $200         $200        $200       $200         $200        $200       $200       $200       $200         $200       $200       $2,400
Outsourced professional services            $2,200     $2,200       $2,200      $2,200     $2,200       $2,200      $2,700     $2,700     $2,700     $2,700       $2,700     $2,700     $29,400
Corporate Office Expenses                  $18,000    $18,000      $18,000     $18,000    $18,000      $18,000     $20,500    $20,500    $20,500    $20,500      $20,500    $20,500    $231,000
Miscellaneous                                 $0         $0           $0          $0         $0           $0          $0         $0         $0         $0           $0         $0          $0
Monthly Expenses Totals                   $195,605   $195,605     $204,026    $235,366   $235,366     $243,786    $278,126   $278,126   $278,126   $284,774     $293,195   $324,534   $3,046,634
Expenses Percentage                          48%        43%          48%         44%        42%          41%         43%        38%        40%        39%          41%        40%         42%

EBITDA                                    $67,915    $110,115     $73,894     $123,634   $130,394     $156,974    $140,914   $210,474   $182,674   $211,026     $174,805   $224,546   $1,807,366
EBITDA Percentage                           17%        24%          17%         23%        23%          26%         22%        29%        26%        29%          25%        27%         25%

Interest expense                            $0          $0           $0         $0          $0           $0         $0         $0         $0          $0          $0         $0          $0
Income tax provision (shown annually)                                                                                                                                                 $490,643
Depreciation and amortization              $9,639    $11,028      $11,833     $12,486    $13,875      $14,681     $15,167    $15,167    $15,333    $16,861      $17,667    $18,153    $171,889

Monthly Cash Flow                          $23,732   ($213,811)   ($43,924)    $7,790    ($128,761)   ($45,714)   $111,490   $116,882   $128,272   ($137,224)    $28,464   $110,128
Cash Balance                              $712,177    $498,366    $454,442    $462,232    $333,470    $287,756    $399,246   $516,128   $644,400    $507,177    $535,640   $645,768

Net Income                                $58,276    $99,087      $62,061     $111,148   $116,519     $142,294    $125,748   $195,308   $167,341   $194,165     $157,139   $206,393   $1,144,834
Net Margin                                  14%        22%          15%         21%        21%          24%         20%        27%        24%        26%          22%        25%         16%
Carburritos Fresh Grill, Inc.
Pro Forma Monthly Details
2/15/12



Year 3 Pro Forma Financial Statement      Month 25   Month 26    Month 27   Month 28     Month 29     Month 30     Month 31     Month 32     Month 33     Month 34     Month 35     Month 36       Totals
Revenue
First time customer                       $468,000   $468,000    $468,000    $546,000     $546,000     $546,000     $624,000     $624,000     $702,000     $702,000     $780,000     $780,000     $7,254,000
Repeat customers                          $351,000   $351,000    $351,000    $351,000     $409,500     $409,500     $409,500     $468,000     $468,000     $526,500     $526,500     $585,000     $5,206,500
New Franchises Signed                      $35,000    $35,000     $35,000     $35,000      $35,000      $35,000      $35,000      $35,000      $35,000      $70,000      $70,000      $35,000      $490,000
Monthly Franchise Royalties                $92,000    $92,000    $101,200    $110,400     $119,600     $128,800     $138,000     $147,200     $156,400     $165,600     $174,800     $184,000     $1,610,000
Revenue Category 5                           $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Revenue Category 6                           $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Revenue Category 7                           $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Revenue Category 8                           $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Revenue Category 9                           $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Revenue Category 10                          $0         $0          $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Monthly Revenue Totals                    $946,000   $946,000    $955,200   $1,042,400   $1,110,100   $1,119,300   $1,206,500   $1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000   $14,560,500

COGS                                      $314,840   $314,840    $316,840   $346,920     $369,980      $371,980     $402,060     $425,120     $455,200     $478,260     $508,340     $531,400    $4,835,780
COGS Percentage                             33%        33%         33%        33%          33%           33%          33%          33%          33%          33%          33%          34%          33%

Gross Profit                              $631,160   $631,160    $638,360   $695,480     $740,120      $747,320     $804,440     $849,080     $906,200     $985,840    $1,042,960   $1,052,600   $9,724,720
Gross Margin                                67%        67%         67%        67%          67%           67%          67%          67%          67%          67%          67%          66%          67%

Expenses
Payroll                                   $184,669   $184,669    $195,510   $212,093     $212,093      $219,719     $233,546     $241,172     $260,971     $268,597     $282,424     $282,424    $2,777,887
Benefits and payroll taxes                 $23,084    $23,084     $24,439    $26,512      $26,512       $27,465      $29,193      $30,146      $32,621      $33,575      $35,303      $35,303     $347,236
Bonuses                                       $0         $0          $0         $0           $0            $0           $0           $0           $0           $0           $0           $0           $0
Marketing                                  $19,000    $19,000     $19,000    $22,000      $22,000       $22,000      $25,000      $25,000      $28,000      $28,000      $31,000      $31,000     $291,000
Health insurance                           $10,050    $10,050     $10,500    $11,700      $11,700       $12,000      $13,050      $13,350      $14,700      $15,000      $16,050      $16,050     $154,200
Business insurances per corporate store     $3,900     $3,900      $3,900     $4,550       $4,550        $4,550       $5,200       $5,200       $5,850       $5,850       $6,500       $6,500      $60,450
Corporate store expenses                   $72,000    $72,000     $72,000    $84,000      $84,000       $84,000      $96,000      $96,000     $108,000     $108,000     $120,000     $120,000    $1,116,000
Travel expenses                              $200       $200        $200       $200         $200          $200         $200         $200         $200         $200         $200         $200        $2,400
Outsourced professional services            $4,200     $4,200      $4,200     $4,200       $4,200        $4,200       $4,200       $4,200       $4,200       $4,200       $4,200       $4,200      $50,400
Corporate Office Expenses                  $28,000    $28,000     $28,000    $28,000      $28,000       $28,000      $28,000      $28,000      $28,000      $28,000      $28,000      $28,000     $336,000
Miscellaneous                                 $0         $0          $0         $0           $0            $0           $0           $0           $0           $0           $0           $0           $0
Monthly Expenses Totals                   $345,102   $345,102    $357,749   $393,255     $393,255      $402,134     $434,390     $443,268     $482,542     $491,421     $523,677     $523,677    $5,135,572
Expenses Percentage                          36%        36%         37%        38%          35%           36%          36%          35%          35%          34%          34%          33%          35%

EBITDA                                    $286,058   $286,058    $280,611   $302,225     $346,865     $345,186     $370,050     $405,812     $423,658     $494,419     $519,283     $528,923     $4,589,148
EBITDA Percentage                           30%        30%         29%        29%          31%          31%          31%          32%          31%          34%          33%          33%           32%

Interest expense                            $0          $0         $0          $0           $0           $0           $0           $0           $0           $0           $0           $0            $0
Income tax provision (shown annually)                                                                                                                                                            $1,286,361
Depreciation and amortization             $18,431    $19,819     $20,694     $21,417      $22,806      $23,778      $25,653      $26,625      $28,639      $29,611      $31,486      $32,319      $301,278

Monthly Cash Flow                         $146,570   ($43,814)    $65,936   $158,782      ($9,553)     $84,564      ($9,969)     $127,856     $23,452      $155,777     $96,244      $255,742
Cash Balance                              $792,338   $748,524    $814,460   $973,243     $963,690     $1,048,253   $1,038,284   $1,166,140   $1,189,592   $1,345,369   $1,441,613   $1,697,355

Net Income                                $267,627   $266,238    $259,917   $280,808     $324,059     $321,408     $344,398     $379,187     $395,019     $464,808     $487,797     $496,604     $3,001,509
Net Margin                                  28%        28%         27%        27%          29%          29%          29%          30%          29%          32%          31%          31%           21%
Carburritos Fresh Grill, Inc.
Investment Brief Tables
2/15/2012


Pro Forma Income Statement Summary                 Year 1         Year 2        Year 3
Revenue                                         $2,160,700      $7,308,400   $14,560,500
Cost of Goods Sold                               $706,980       $2,454,400    $4,835,780
  COGS percentage                                   33%             34%           33%
Gross Margin                                    $1,453,720      $4,854,000    $9,724,720
  Gross Margin percentage                           67%             66%           67%
Selling, General & Administrative expenses      $1,084,525      $3,046,634    $5,135,572
  SG&A percentage                                   50%             42%           35%
Operating Income (EBITDA)                        $369,195       $1,807,366    $4,589,148
  Operating margin percentage                       17%             25%           32%
Depreciation & amortization                       $68,347        $171,889      $301,278
EBIT                                             $300,848       $1,635,477    $4,287,870
  EBIT percentage                                   14%             22%           29%
Interest                                             $0              $0            $0
Tax provision                                     $90,254        $490,643     $1,286,361
Net Income                                       $210,593       $1,144,834    $3,001,509
  Net income percentage                             10%             16%           21%


Company Data
Entity Type                                    Florida C Corporation
Common Shares Authorized                       100,000,000
Preferred Shares Authorized                    10,000,000
Common Shares Outstanding                      6,000,000
Preferred Shares Outstanding                   0
Total Shares Outstanding                       6,000,000
Offering Price                                 $1.00
Market Cap (pre-funding)                       $6,000,000
Additional shares reserved this round          2,420,000
Series A Shares (fully subscribed)             0
Market Cap (post-funding estimate)             $8,420,000


Use of Proceeds                                  Amount
Establish the first 3 corporate restaurants     $1,200,000
Establish the first 5 franchises restaurants     $215,000
Marketing                                         $65,000
                        #REF!                      #REF!
                        #REF!                      #REF!
Working capital                                  $320,000
Financing                                        $200,000
Total                                           $2,000,000


Pro Forma Financial Projections                    Year 1         Year 2       Year 3
Revenues
First time customer                    $1,188,000   $3,744,000    $7,254,000
Repeat customers                        $742,500    $2,646,000    $5,206,500
New Franchises Signed                   $175,000     $210,000      $490,000
Monthly Franchise Royalties              $55,200     $708,400     $1,610,000
Revenue Category 5                         $0           $0            $0
Revenue Category 6                         $0           $0            $0
Revenue Category 7                         $0           $0            $0
Revenue Category 8                         $0           $0            $0
Revenue Category 9                         $0           $0            $0
Revenue Category 10                        $0           $0            $0
Total Revenues                         $2,160,700   $7,308,400   $14,560,500

COGS                                   $706,980     $2,454,400   $4,835,780

Gross Profit                           $1,453,720   $4,854,000   $9,724,720
Gross Margin                             67.28%       66.42%       66.79%

Expenses
Selling, General, and Administrative   $1,084,525   $3,046,634   $5,135,572
Total Expenses                         $1,084,525   $3,046,634   $5,135,572

EBITDA                                 $369,195     $1,807,366   $4,589,148

Income Tax Provision                    $90,254      $490,643    $1,286,361
Interest                                   $0           $0           $0
Depreciation and Amortization           $68,347      $171,889     $301,278
Net Income                             $210,593     $1,144,834   $3,001,509
Net Margin                               9.75%        15.66%       20.61%

Revenue Per Share                        $0.26        $0.87         $1.73
Earnings Per Share                       $0.03        $0.14         $0.36
Carburritos Fresh Grill, Inc.
Business Plan Tables
2/15/2012


Sales Projections                               Year 1      Year 2        Year 3
First time customer                          $1,188,000   $3,744,000    $7,254,000
Repeat customers                              $742,500    $2,646,000    $5,206,500
New Franchises Signed                         $175,000     $210,000      $490,000
Monthly Franchise Royalties                    $55,200     $708,400     $1,610,000
Revenue Category 5                               $0           $0            $0
Revenue Category 6                               $0           $0            $0
Revenue Category 7                               $0           $0            $0
Revenue Category 8                               $0           $0            $0
Revenue Category 9                               $0           $0            $0
Revenue Category 10                              $0           $0            $0
Total                                        $2,160,700   $7,308,400   $14,560,500


Year End Headcount                             Year 1       Year 2       Year 3
Executive Team                                   2            2            2
General Manager                                  3            6           10
Assistant Managers                               3            6           10
Cooks, Line People, Servers, Cleanup, Prep      21           42           70
Franchise Sales Manager                          1            1            1
Franchise Staff                                  2            4            6
Franchise Site Manager                           0            1            1
Administrative                                   1            3            5
CFO                                              0            1            1
Marketing Manager                                0            1            1
Position 11                                      0            0            0
Position 12                                      0            0            0
Total                                           33           67           107


COGS Assumptions
First time customer                             36%
Repeat customers                                36%
New Franchises Signed                           0%
Monthly Franchise Royalties                     22%
Revenue Category 5                              0%
Revenue Category 6                              0%
Revenue Category 7                              0%
Revenue Category 8                              0%
Revenue Category 9                              0%
Revenue Category 10                             0%


Cash Flow Assumptions
Accounts Receivable
First time customer                          same month       0        same month
Repeat customers                                       same month       0          30 days
New Franchises Signed                                    30 days        1          60 days
Monthly Franchise Royalties                              30 days        1          90 days
Revenue Category 5                                     same month       0         120 days
Revenue Category 6                                     same month       0
Revenue Category 7                                     same month       0
Revenue Category 8                                     same month       0
Revenue Category 9                                     same month       0
Revenue Category 10                                    same month       0
Accounts Payable
COGS                                                   same month       0
SG&A                                                   same month       0
Capital Expenditures                                   same month       0
Taxes                                                  same month       0


Pro Forma Income Statement                               Year 1       Year 2        Year 3
Revenue                                                $2,160,700   $7,308,400   $14,560,500
COGS                                                    $706,980    $2,454,400    $4,835,780
Gross Margin                                           $1,453,720   $4,854,000    $9,724,720
Selling, General and Administrative                    $1,084,525   $3,046,634    $5,135,572
Operating Income                                        $369,195    $1,807,366    $4,589,148
Tax provision                                            $90,254     $490,643     $1,286,361
Interest, depreciation, and amortization                 $68,347     $171,889      $301,278
Net Income                                              $210,593    $1,144,834    $3,001,509


Key Ratios                                               Year 1      Year 2        Year 3
Current ratio - current assets / current liabilities      2.46        1.35          1.52
Quick ratio - cash + AR / current liabilities             2.13        1.04          1.27
Debt to equity - total liabilities / equity               0.20        0.27          0.29
Gross profit ratio - operating income / net sales         0.67        0.66          0.67
Pretax profit ratio - net income / net sales              0.17        0.25          0.32
Sales to assets - net sales / total assets                1.04        2.14          2.15
Return on assets - net income / total assets              0.10        0.33          0.44
Return on equity - net income / equity                    0.12        0.43          0.57
Inventory turnover - COGS / inventory                      24          41            48
Days in inventory - 365 / inventory turnover               15           9            8
Accounts receivable turnover - net sales / AR              40          62            66
Collection period - 365 / AR turnover                       9           6            5
Accounts payable turnover - COGS / AP                       2           4            4
Payable period - 365 / AP turnover                        163         100           102


Use of Proceeds                                         Amount
Establish the first 3 corporate restaurants            $1,200,000
Establish the first 5 franchises restaurants            $215,000
Marketing                                                $65,000
                           #REF!                          #REF!
                           #REF!                          #REF!
Working capital                                         $320,000
Financing                          $200,000
Total                             $2,000,000


Pro Forma Balance Sheet             Year 1        Year 2       Year 3
Cash                               $688,446      $645,768    $1,697,355
Receivables                         $53,400      $117,800     $219,000
Inventory                           $30,000       $60,000     $100,000
Other current assets                $82,500      $167,500     $267,500
Total current assets               $854,346      $991,068    $2,283,855
Net fixed and other assets        $1,220,000    $2,430,000   $4,480,000
Total Assets                      $2,074,346    $3,421,068   $6,763,855
Payables / accrual                 $315,357      $674,672    $1,354,058
Short term notes                      $0            $0           $0
Other current liabilities           $32,346       $61,918     $148,981
Long term debt                        $0            $0           $0
Other long term liabilities           $0            $0           $0
Net worth                         $1,726,643    $2,684,478   $5,260,816
Total Liabilities and Net Worth   $2,074,346    $3,421,068   $6,763,855


Pro Forma Cash Flow Statement       Year 1       Year 2        Year 3
Starting cash                          $0       $888,446      $845,768
Cash from operations              -$1,111,554   -$42,677     $1,051,587
Financing activities              $2,000,000       $0            $0
Increase / decrease cash           $888,446     -$42,677     $1,051,587
Ending Cash                        $888,446     $845,768     $1,897,355


Baseline Projections                Year 1        Year 2        Year 3
Revenue                           $2,160,700    $7,308,400   $14,560,500
COGS                               $706,980     $2,454,400    $4,835,780
Gross Margin                      $1,453,720    $4,854,000    $9,724,720
Selling, G&A                      $1,084,525    $3,046,634    $5,135,572
Operating Income                   $369,195     $1,807,366    $4,589,148


Sensitivity Analysis A              Year 1        Year 2        Year 3
Revenue                           $1,512,490    $5,115,880   $10,192,350
COGS                               $494,886     $1,718,080    $3,385,046
Gross Margin                      $1,017,604    $3,397,800    $6,807,304
Selling, G&A                      $1,084,525    $3,046,634    $5,135,572
Operating Income                   -$66,921      $351,166     $1,671,732


Sensitivity Analysis B              Year 1        Year 2        Year 3
Revenue                           $2,592,840    $8,770,080   $17,472,600
COGS                               $848,376     $2,945,280    $5,802,936
Gross Margin                      $1,744,464    $5,824,800   $11,669,664
Selling, G&A                      $1,084,525    $3,046,634    $5,135,572
Operating Income                   $659,939     $2,778,166    $6,534,092
Detailed Pro Forma Financial Statement      Year 1       Year 2       Year 3
Revenues
First time customer                       $1,188,000   $3,744,000    $7,254,000
Repeat customers                           $742,500    $2,646,000    $5,206,500
New Franchises Signed                      $175,000     $210,000      $490,000
Monthly Franchise Royalties                 $55,200     $708,400     $1,610,000
Revenue Category 5                            $0           $0            $0
Revenue Category 6                            $0           $0            $0
Revenue Category 7                            $0           $0            $0
Revenue Category 8                            $0           $0            $0
Revenue Category 9                            $0           $0            $0
Revenue Category 10                           $0           $0            $0
Total Revenues                            $2,160,700   $7,308,400   $14,560,500

COGS                                      $706,980     $2,454,400   $4,835,780

Gross Profit                              $1,453,720   $4,854,000   $9,724,720
Gross Margin                                67.28%       66.42%       66.79%

Expenses
Payroll                                    $588,333    $1,672,475   $2,777,887
Benefits and payroll taxes                  $73,542     $209,059     $347,236
Bonuses                                        $0           $0           $0
Marketing                                   $66,000     $168,000     $291,000
Health insurance                            $22,500      $76,500     $154,200
Business insurances per corporate store     $11,700      $33,800      $60,450
Corporate store expenses                   $216,000     $624,000    $1,116,000
Travel expenses                              $2,400       $2,400       $2,400
Outsourced professional services            $15,050      $29,400      $50,400
Corporate Office Expenses                   $89,000     $231,000     $336,000
Miscellaneous                                  $0           $0           $0
Total Expenses                            $1,084,525   $3,046,634   $5,135,572

EBITDA                                    $369,195     $1,807,366   $4,589,148

Income Tax Provision                       $90,254      $490,643    $1,286,361
Interest                                      $0           $0           $0
Depreciation and Amortization              $68,347      $171,889     $301,278
Net Income                                $210,593     $1,144,834   $3,001,509
Net Margin                                  9.75%        15.66%       20.61%

Revenue Per Share                          $0.257       $0.868        $1.729
Earnings Per Share                         $0.025       $0.136        $0.356
33%        34%            33%




30% decrease in revenue
same percentage

same amount




20% increase in revenue
same percentage

same amount
Carburritos Fresh Grill, Inc.
Private Placement Memorandum Tables
2/15/12

Use of Proceeds                                 Amount
Establish the first 3 corporate restaurants    $1,200,000
Establish the first 5 franchises restaurants    $215,000
Marketing                                        $65,000
                           #REF!                  #REF!
                           #REF!                  #REF!
Working capital                                 $320,000
Financing                                       $200,000
Total                                          $2,000,000


Year End Headcount                              Year 1      Year 2    Year 3
Executive Team                                    2           2         2
General Manager                                   3           6        10
Assistant Managers                                3           6        10
Cooks, Line People, Servers, Cleanup, Prep       21          42        70
Franchise Sales Manager                           1           1         1
Franchise Staff                                   2           4         6
Franchise Site Manager                            0           1         1
Administrative                                    1           3         5
CFO                                               0           1         1
Marketing Manager                                 0           1         1
Position 11                                       0           0         0
Position 12                                       0           0         0
Total                                            33          67        107


Projected Annual Compensation                   Year 1      Year 2    Year 3
Executive Team                                  $52,000     $54,600   $57,330
General Manager                                 $50,000     $52,500   $55,125
Assistant Managers                              $33,000     $34,650   $36,383
Cooks, Line People, Servers, Cleanup, Prep      $21,500     $22,575   $23,704
Franchise Sales Manager                         $60,000     $63,000   $66,150
Franchise Staff                                 $35,000     $36,750   $38,588
Franchise Site Manager                          $60,000     $63,000   $66,150
Administrative                                  $30,000     $31,500   $33,075
CFO                                             $80,000     $84,000   $88,200
Marketing Manager                               $75,000     $78,750   $82,688
Position 11                                       $0          $0        $0
Position 12                                       $0          $0        $0


Recent Income Statement                        2/15/2012
Revenue                                            $0
COGS                                               $0
Gross Margin                                      $0
Selling, G&A                                       $0
Operating Income                                         $0
Tax Provision                                            $0
Net Income                                               $0


Recent Balance Sheet                                  2/15/2012
Cash                                                      $0
Receivables                                               $0
Inventory                                                 $0
Other current assets                                      $0
Total current assets                                      $0
Net Fixed assets                                          $0
Total Assets                                              $0
Payables / Accrual                                      $7,500
Short term notes                                          $0
Other current liabilities                                 $0
Long term debt                                            $0
Other long term liabilities                               $0
Net worth                                              ($7,500)
Total liabilities and net worth                           $0


Current capitalization                                 ($7,500)
From capital investment                               $2,000,000
Total capitalization upon funding                     $1,992,500

Total shares outstanding before funding               6,000,000
Total shares outstanding after funding                8,420,000



Assumed Offering Price                                                 $1.00
Pro Forma at Book Value Per Share Prior to Offering     $0.00
Increase Per Share Attributable to New Investors                       $0.24
Pro Forma Net Book Value After Offering                                $0.24
Dilution Per Share to New Investors                                    $0.76



Consideration Paid By Shareholders
Common Stock                                          $2,015,000
Preferred Stock                                           $0
Subtotal                                              $2,015,000


Obligations and Capitalization                        Actual (1)   As Adjusted (2)
Short Term Debt                                        $7,500          $7,500
Long Term Debt                                           $0              $0
Liquid Assets                                            $0              $0
New Investment Capital                                   $0         $2,000,000
Retained Deficit                                         $0             $0
Total Stockholder's Equity (Deficit)     ($7,500)     $1,992,500
Common Stock, No Par Value Per Share
Authorized Shares                      110,000,000    110,000,000
Outstanding Shares                      6,000,000       8,420,000
Total Equity (Deficit) Per Share          ($0.00)         $0.24
Total Capitalization                     ($7,500)      $1,992,500


                                       Number of       Percent of     Number of
                                         Shares       Outstanding        Shares
                        Name
                                        Currently    Shares Prior to Outstanding
                                       Outstanding      Offering     After Offering
Common Stock
Dave H. Alderman                        2,850,000       47.50%         2,850,000
David R. Carruthers                     2,850,000       47.50%         2,850,000
Shareholder 3                               0            0.00%             0
Shareholder 4                               0            0.00%             0
Shareholder 5                               0            0.00%             0
Shareholder 6                               0            0.00%             0
Shareholder 7                               0            0.00%             0
Reserve for ESOP / ISOP                  300,000         5.00%          300,000
Reserve for convertible notes               0            0.00%         2,420,000
New Investors                               0            0.00%             0
Preferred Stock
None                                        0            0.00%             0
Shareholder 2                               0            0.00%             0
Shareholder 3                               0            0.00%             0
Shareholder 4                               0            0.00%             0
Shareholder 5                               0            0.00%             0
Total                                   6,000,000       100.00%        8,420,000
total assets / shares outstanding
value after offering - value before offering
equity after offering / shares outstanding after offering
offering price - value after offering
 Percent of
Outstanding
Shares After
  Offering

  33.85%
  33.85%
   0.00%
   0.00%
   0.00%
   0.00%
   0.00%
   3.56%
  28.74%
   0.00%

  0.00%
  0.00%
  0.00%
  0.00%
  0.00%
 100.00%
Carburritos Fresh Grill, Inc.
Reporting Interlink
2/15/2012

Marketing - Stage 1                                Month 1   Month 2
 Projected leads per month for Initiative 1           0         0
 Actual leads per month for Initiative 1              0         0
 Projected leads per month for Initiative 2           0         0
 Actual leads per month for Initiative 2              0         0
 Projected leads per month for Initiative 3           0         0
 Actual leads per month for Initiative 3              0         0
 Projected leads per month for Initiative 4           0         0
 Actual leads per month for Initiative 4              0         0
 Projected leads per month for Initiative 5           0         0
 Actual leads per month for Initiative 5              0         0
 Projected leads per month for Initiative 6           0         0
 Actual leads per month for Initiative 6              0         0
 Projected leads per month for Initiative 7           0         0
 Actual leads per month for Initiative 7              0         0
 Projected leads per month for Initiative 8           0         0
 Actual leads per month for Initiative 8              0         0
 Total projected marketing expenses per month      $1,000    $1,000
 Actual marketing expenses per month                 $0        $0

Sales Funnel - Stage 2                             Month 1   Month 2
 Projected prospects at the top of the funnel         0         0
 Actual prospects at the top of the funnel            0         0
 Projected prospects at the bottom of the funnel    #REF!     #REF!
 Actual prospects at the bottom of the funnel         0         0

Revenue - Stage 3                                  Month 1   Month 2
 Projected unit sales for Revenue Stream 1            0         0
 Actual unit sales for Revenue Stream 1               0         0
 Projected unit sales for Revenue Stream 2            0         0
 Actual unit sales for Revenue Stream 2               0         0
 Projected unit sales for Revenue Stream 3            0         0
 Actual unit sales for Revenue Stream 3               0         0
 Projected unit sales for Revenue Stream 4            0         0
 Actual unit sales for Revenue Stream 4               0         0
 Projected unit sales for Revenue Stream 5            0         0
 Actual unit sales for Revenue Stream 5               0         0
 Projected unit sales for Revenue Stream 6            0         0
 Actual unit sales for Revenue Stream 6               0         0
 Projected unit sales for Revenue Stream 7            0         0
 Actual unit sales for Revenue Stream 7               0         0
 Projected unit sales for Revenue Stream 8            0         0
 Actual unit sales for Revenue Stream 8               0         0
 Projected unit sales for Revenue Stream 9            0         0
 Actual unit sales for Revenue Stream 9               0         0
 Projected unit sales for Revenue Stream 10           0         0
 Actual unit sales for Revenue Stream 10              0         0
 Projected revenue total                             $0        $0
 Actual revenue total                                $0        $0
COGS                           Month 1      Month 2
 Projected total COGS            $0           $0
 Actual COGS                     $0           $0

SG&A Expenses                  Month 1      Month 2
 Projected total expenses      $13,850      $13,850
 Actual total expenses           $0           $0

Capital Expenditures           Month 1     Month 2
 Projected expenditures        $35,000     $250,000
 Actual expenditures             $0           $0

Cash Flow                       Month 1      Month 2
 Projected monthly cash flow   ($51,350)   ($266,350)
 Actual monthly cash flow         $0           $0
 Projected cash balance        $448,650     $682,300
 Actual cash balance              $0           $0

Income Statement               Month 1     Month 2
 Projected revenue                $0          $0
 Projected COGS                   $0          $0
 Projected SG&A expenses        $13,850     $13,850
 Projected EBITDA              -$13,850    -$13,850
 Actual revenue                   $0          $0
 Actual COGS                      $0          $0
 Actual SG&A expenses             $0          $0
 Actual EBITDA                    $0          $0
Month 3   Month 4   Month 5    Month 6    Month 7    Month 8    Month 9
   0       5,000     5,000      5,000     10,000     10,000     10,000
   0         0         0          0          0          0          0
   0       5,000     5,000      5,000     10,000     10,000     10,000
   0         0         0          0          0          0          0
   0       5,000     5,000      5,000     10,000     10,000     10,000
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
   0         0         0          0          0          0          0
$1,000    $4,000    $4,000     $4,000     $7,000     $7,000     $7,000
  $0        $0        $0         $0         $0         $0         $0

Month 3   Month 4   Month 5    Month 6    Month 7    Month 8    Month 9
   0      15,000    15,000     15,000     30,000     30,000     30,000
   0         0         0          0          0          0          0
 #REF!     #REF!     #REF!      #REF!      #REF!      #REF!      #REF!
   0         0         0          0          0          0          0

Month 3   Month 4   Month 5    Month 6    Month 7    Month 8    Month 9
   0       6,000      6,000      6,000     12,000     12,000     12,000
   0         0          0          0          0          0          0
   0         0        4,500      4,500      4,500      9,000      9,000
   0         0          0          0          0          0          0
   0         0          0          1          0          1          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          1
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
   0         0          0          0          0          0          0
  $0      $66,000   $115,500   $150,500   $181,500   $266,000   $240,200
  $0        $0         $0         $0         $0         $0         $0
 Month 3      Month 4     Month 5      Month 6      Month 7     Month 8      Month 9
   $0         $23,760     $41,580      $41,580      $65,340     $83,160      $85,160
   $0           $0          $0           $0           $0          $0           $0

 Month 3      Month 4     Month 5      Month 6      Month 7     Month 8      Month 9
 $29,788      $62,509     $71,009      $81,991      $112,450    $112,450     $123,813
   $0           $0          $0           $0            $0          $0           $0

 Month 3      Month 4     Month 5      Month 6      Month 7     Month 8      Month 9
 $130,000     $50,000     $270,000     $125,000     $47,500     $250,000     $127,500
    $0          $0           $0           $0          $0           $0           $0

 Month 3       Month 4      Month 5      Month 6     Month 7      Month 8     Month 9
($162,288)    ($70,269)   ($267,089)   ($139,449)    ($8,790)   ($233,415)   ($77,266)
    $0           $0           $0           $0           $0          $0          $0
$1,020,013   $1,249,743    $982,654     $843,204    $834,414     $601,000    $523,734
    $0           $0           $0           $0           $0          $0          $0

 Month 3      Month 4     Month 5      Month 6      Month 7     Month 8      Month 9
    $0         $66,000    $115,500     $150,500     $181,500    $266,000     $240,200
    $0         $23,760     $41,580      $41,580      $65,340     $83,160      $85,160
  $29,788      $62,509     $71,009      $81,991     $112,450    $112,450     $123,813
 -$29,788     -$20,269      $2,911      $26,929       $3,710     $70,390      $31,228
    $0           $0           $0          $0            $0         $0           $0
    $0           $0           $0          $0            $0         $0           $0
    $0           $0           $0          $0            $0         $0           $0
    $0           $0           $0          $0            $0         $0           $0
Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16
 15,000     15,000     15,000     15,000     15,000     15,000     20,000
    0          0          0          0          0          0          0
 15,000     15,000     15,000     15,000     15,000     15,000     20,000
    0          0          0          0          0          0          0
 15,000     15,000     15,000     15,000     15,000     15,000     20,000
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
$10,000    $10,000    $10,000    $10,000    $10,000    $10,000    $13,000
   $0         $0         $0         $0         $0         $0         $0

Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16
 45,000     45,000     45,000     45,000     45,000     45,000     60,000
   0          0          0          0          0          0          0
 #REF!      #REF!      #REF!      #REF!      #REF!      #REF!      #REF!
   0          0          0          0          0          0          0

Month 10   Month 11   Month 12   Month 13   Month 14   Month 15   Month 16
 18,000     18,000     18,000     18,000     18,000     18,000     24,000
    0          0          0          0          0          0          0
  9,000     13,500     13,500     13,500     13,500     13,500     13,500
    0          0          0          0          0          0          0
    1          1          1          0          1          0          1
    0          0          0          0          0          0          0
    1          2          2          3          4          5          5
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
$341,200   $399,900   $399,900   $405,600   $449,800   $424,000   $531,000
   $0         $0         $0         $0         $0         $0         $0
Month 10   Month 11   Month 12   Month 13   Month 14     Month 15    Month 16
$108,920   $128,740   $128,740   $142,080   $144,080     $146,080    $172,000
   $0         $0         $0         $0         $0           $0          $0

Month 10   Month 11   Month 12   Month 13   Month 14     Month 15    Month 16
$154,272   $154,272   $154,272   $195,605   $195,605     $204,026    $235,366
   $0         $0         $0         $0         $0           $0          $0

Month 10   Month 11   Month 12   Month 13   Month 14     Month 15    Month 16
$17,500      $0         $0       $52,500    $250,000     $125,000    $47,500
  $0         $0         $0         $0          $0           $0         $0

Month 10   Month 11   Month 12   Month 13    Month 14    Month 15    Month 16
 $4,827     $75,343    $84,543    $23,732   ($213,811)   ($43,924)    $7,790
   $0          $0         $0         $0         $0          $0          $0
$528,561   $603,903   $688,446   $712,177    $498,366    $454,442    $462,232
   $0          $0         $0         $0         $0          $0          $0

Month 10   Month 11   Month 12   Month 13   Month 14     Month 15    Month 16
$341,200   $399,900   $399,900   $405,600   $449,800     $424,000    $531,000
$108,920   $128,740   $128,740   $142,080   $144,080     $146,080    $172,000
$154,272   $154,272   $154,272   $195,605   $195,605     $204,026    $235,366
 $78,008   $116,888   $116,888    $67,915   $110,115      $73,894    $123,634
   $0         $0         $0         $0         $0           $0          $0
   $0         $0         $0         $0         $0           $0          $0
   $0         $0         $0         $0         $0           $0          $0
   $0         $0         $0         $0         $0           $0          $0
Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
 20,000     20,000     25,000     25,000     25,000     25,000     25,000
    0          0          0          0          0          0          0
 20,000     20,000     25,000     25,000     25,000     25,000     25,000
    0          0          0          0          0          0          0
 20,000     20,000     25,000     25,000     25,000     25,000     25,000
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
$13,000    $13,000    $16,000    $16,000    $16,000    $16,000    $16,000
   $0         $0         $0         $0         $0         $0         $0

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
 60,000     60,000     75,000     75,000     75,000     75,000     75,000
   0          0          0          0          0          0          0
 #REF!      #REF!      #REF!      #REF!      #REF!      #REF!      #REF!
   0          0          0          0          0          0          0

Month 17   Month 18   Month 19   Month 20   Month 21   Month 22   Month 23
 24,000     24,000     30,000     30,000     30,000     30,000     30,000
    0          0          0          0          0          0          0
 18,000     18,000     18,000     22,500     22,500     22,500     22,500
    0          0          0          0          0          0          0
    0          1          0          1          0          1          0
    0          0          0          0          0          0          0
    6          6          7          7          8          8          9
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
    0          0          0          0          0          0          0
$559,200   $594,200   $640,400   $729,400   $703,600   $738,600   $712,800
   $0         $0         $0         $0         $0         $0         $0
Month 17     Month 18    Month 19   Month 20   Month 21   Month 22     Month 23
$193,440     $193,440    $221,360   $240,800   $242,800   $242,800     $244,800
   $0           $0          $0         $0         $0         $0           $0

Month 17     Month 18    Month 19   Month 20   Month 21   Month 22     Month 23
$235,366     $243,786    $278,126   $278,126   $278,126   $284,774     $293,195
   $0           $0          $0         $0         $0         $0           $0

Month 17     Month 18    Month 19   Month 20   Month 21   Month 22     Month 23
$250,000     $125,000    $17,500      $0       $30,000    $255,000     $125,000
   $0           $0         $0         $0         $0          $0           $0

 Month 17    Month 18    Month 19   Month 20   Month 21    Month 22    Month 23
($128,761)   ($45,714)   $111,490   $116,882   $128,272   ($137,224)    $28,464
    $0          $0          $0         $0         $0          $0           $0
 $333,470    $287,756    $399,246   $516,128   $644,400    $507,177    $535,640
    $0          $0          $0         $0         $0          $0           $0

Month 17     Month 18    Month 19   Month 20   Month 21   Month 22     Month 23
$559,200     $594,200    $640,400   $729,400   $703,600   $738,600     $712,800
$193,440     $193,440    $221,360   $240,800   $242,800   $242,800     $244,800
$235,366     $243,786    $278,126   $278,126   $278,126   $284,774     $293,195
$130,394     $156,974    $140,914   $210,474   $182,674   $211,026     $174,805
   $0           $0          $0         $0         $0         $0           $0
   $0           $0          $0         $0         $0         $0           $0
   $0           $0          $0         $0         $0         $0           $0
   $0           $0          $0         $0         $0         $0           $0
Month 24   Month 25   Month 26   Month 27   Month 28     Month 29     Month 30
 30,000     30,000     30,000     30,000     35,000       35,000       35,000
    0          0          0          0          0            0            0
 30,000     30,000     30,000     30,000     35,000       35,000       35,000
    0          0          0          0          0            0            0
 30,000     30,000     30,000     30,000     35,000       35,000       35,000
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
    0          0          0          0          0            0            0
$19,000    $19,000    $19,000    $19,000    $22,000      $22,000      $22,000
   $0         $0         $0         $0         $0           $0           $0

Month 24   Month 25   Month 26   Month 27   Month 28     Month 29     Month 30
 90,000     90,000     90,000     90,000    105,000      105,000      105,000
   0          0          0          0          0            0            0
 #REF!      #REF!      #REF!      #REF!      #REF!        #REF!        #REF!
   0          0          0          0          0            0            0

Month 24   Month 25   Month 26   Month 27    Month 28     Month 29     Month 30
 36,000     36,000     36,000     36,000      42,000       42,000       42,000
    0          0          0          0           0            0            0
 22,500     27,000     27,000     27,000      27,000       31,500       31,500
    0          0          0          0           0            0            0
    1          1          1          1           1            1            1
    0          0          0          0           0            0            0
    9         10         10         11          12           13           14
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
    0          0          0          0           0            0            0
$819,800   $946,000   $946,000   $955,200   $1,042,400   $1,110,100   $1,119,300
   $0         $0         $0         $0          $0           $0           $0
Month 24   Month 25   Month 26    Month 27   Month 28     Month 29     Month 30
$270,720   $314,840   $314,840    $316,840   $346,920     $369,980     $371,980
   $0         $0         $0          $0         $0           $0           $0

Month 24   Month 25   Month 26    Month 27   Month 28     Month 29     Month 30
$324,534   $345,102   $345,102    $357,749   $393,255     $393,255     $402,134
   $0         $0         $0          $0         $0           $0           $0

Month 24   Month 25   Month 26    Month 27   Month 28     Month 29     Month 30
$17,500    $50,000    $250,000    $127,500   $50,000      $250,000     $155,000
  $0         $0          $0          $0        $0            $0           $0

Month 24   Month 25   Month 26    Month 27   Month 28     Month 29      Month 30
$110,128   $146,570   ($43,814)    $65,936   $158,782      ($9,553)     $84,564
   $0         $0         $0           $0        $0            $0           $0
$645,768   $792,338   $748,524    $814,460   $973,243     $963,690     $1,048,253
   $0         $0         $0           $0        $0            $0           $0

Month 24   Month 25   Month 26    Month 27    Month 28     Month 29     Month 30
$819,800   $946,000   $946,000    $955,200   $1,042,400   $1,110,100   $1,119,300
$270,720   $314,840   $314,840    $316,840    $346,920     $369,980     $371,980
$324,534   $345,102   $345,102    $357,749    $393,255     $393,255     $402,134
$224,546   $286,058   $286,058    $280,611    $302,225     $346,865     $345,186
   $0         $0         $0          $0          $0           $0           $0
   $0         $0         $0          $0          $0           $0           $0
   $0         $0         $0          $0          $0           $0           $0
   $0         $0         $0          $0          $0           $0           $0
Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 40,000       40,000       45,000       45,000       50,000       50,000
    0            0            0            0            0            0
 40,000       40,000       45,000       45,000       50,000       50,000
    0            0            0            0            0            0
 40,000       40,000       45,000       45,000       50,000       50,000
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
    0            0            0            0            0            0
$25,000      $25,000      $28,000      $28,000      $31,000      $31,000
   $0           $0           $0           $0           $0           $0

Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
120,000      120,000      135,000      135,000      150,000      150,000
   0            0            0            0            0            0
 #REF!        #REF!        #REF!        #REF!        #REF!        #REF!
   0            0            0            0            0            0

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
  48,000       48,000       54,000       54,000       60,000       60,000
     0            0            0            0            0            0
  31,500       36,000       36,000       40,500       40,500       45,000
     0            0            0            0            0            0
     1            1            1            2            2            1
     0            0            0            0            0            0
    15           16           17           18           19           20
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
     0            0            0            0            0            0
$1,206,500   $1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000
    $0           $0           $0           $0           $0           $0
Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$402,060     $425,120     $455,200     $478,260     $508,340     $531,400
   $0           $0           $0           $0           $0           $0

Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$434,390     $443,268     $482,542     $491,421     $523,677     $523,677
   $0           $0           $0           $0           $0           $0

Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$267,500     $155,000     $272,500     $155,000     $267,500     $150,000
   $0           $0           $0           $0           $0           $0

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
 ($9,969)     $127,856     $23,452      $155,777     $96,244      $255,742
    $0           $0           $0           $0           $0           $0
$1,038,284   $1,166,140   $1,189,592   $1,345,369   $1,441,613   $1,697,355
    $0           $0           $0           $0           $0           $0

 Month 31     Month 32     Month 33     Month 34     Month 35     Month 36
$1,206,500   $1,274,200   $1,361,400   $1,464,100   $1,551,300   $1,584,000
 $402,060     $425,120     $455,200     $478,260     $508,340     $531,400
 $434,390     $443,268     $482,542     $491,421     $523,677     $523,677
 $370,050     $405,812     $423,658     $494,419     $519,283     $528,923
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0
    $0           $0           $0           $0           $0           $0

				
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