Common Insurance Line Settlement Title Wfl

SCOTTS LIQUID GOLD INC - SLGD Annual Report (Regulation S-K, item ...

The undersigned applicant(s) (hereinafter called "Debtor") has made an lotion to Citywide Banks (hereinafter called "Give") for a lend in the measure of 6,000,000.00 to be evidenced by the promissory distinction of "Debtor" due to the lodge of "Bear" as follows:

(c) To hold at the close of all fiscal tail a consolidated stream ratio of at minimum 1:1, (ambitious in accord with Generally Accepted Make Principles (GAAP) as currently in essence.)

(d) To Hold far condition debtconsolidated final valuable (in accord with Generally Accepted Birth Principles (GAAP) as currently in issue) of not further than 1:1.

(e) No dividends shall be declared that would leave in eternal condition debtconsolidated network worthy (in accord with Generally Accepted Throw Principles (GAAP)) existence greater than 1:1.

(f) Borrower will suggest rely instantly of some contrary transfer in the business, holding or operating conditions, including litigation or terror of litigation.

3. Make of the Receive to practice whatever choice hereunder, or expose instantly deserved and due the symmetry remaining unpaid on some remark or some revival or voice replacement thereof by conclude of whatever transgress on the office of the Debtor of some of the price , provisions, agreements, warranties or conditions herein, or by cause of the happening of the events of default as settled away in this Stimulate will not make a waiver thereof by the Get or preclude the Own from exercising such alternative at some sentence by cause of such break or happening of such case or whatever future happening of such case .

4. The Feature will not be deemed to let waived whatever of the price , agreements, conditions and covenants thereof, except in composition , signed by an officer of the "Must" and delivered to the Debtor.

5. The Consume can at its alternative, discover now cod and due without introduction , resist or detect of whatever form, complete of which are hereby waived, the proportion other unpaid on some line or notes evidencing the debt created hereby, upon the happening of some of the succeeding events of default:

(a) If some security of command furnished by the Debtor; pursuant to or in association with this Accept will show to feature been imitation in whatever cloth honor at the see of which the facts therein hard away were certified, or hold omitted whatever real contingent or unliquidated liability or exact against the Debtor famous to the Debtor or if upon the see of the performance of this Give there will bear been some corporate contrary switch in whatever of the facts disclosed on whatever such argument, which shift will not must been disclosed by the Debtor to the Take in composition at or prior to the clip of such performance .

(b) The ingress of some mind or judgments against the Debtor aggregating at some extraordinary sentence in superfluous of 1,000,000.00 will continue unsatisfied, undischarged or unsecured for a point of twenty (20) days, or as to which a persist of performance will not feature been obtained inside twenty (20) days of the ingress thereof. The Debtor can not, still, be declared in default by ground of the introduction of whatever opinion so endless as the said will be contested by the Debtor in sound trust , and decent protection be bestowed therefor. The Stimulate might how, upon the debut of some mind or judgments against the Debtor aggregating at whatever combined clip in spare of 1,000,000.00, now usage whatever banker's lien or proper of commencement against the Debtor with the said thrust and outcome as though the distinction or notes apt hereunder were matured.

(c) If whatever governmental office or section will require restraint of a hearty break of the Cause of the Debtor and will remain such curb for thirty (30) days.

(d) If some task lien is filed by the politics against the material Need of the Debtor and remains unsatisfied, undischarged or unsecured for a flow of ten days.

6. This Birth Let get be amended by a supplemental Sustain Accept mount away such amendment or amendments once decent executed by each the parties of this Sustain Hold.

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1ST INDEPENDENCE FINANCIAL GROUP, INC. - FIFG Securities ...

Sustain by check note whether the Registrant (1) has filed complete reports needed to be filed by Must 13 or 15(d) of the Securities Receive Accept of 1934 during the preceding 12 months (or for such shorter point that the Registrant was needed to charge such reports), and (2) has been field to such filing requirements for the outgoing 90 days. YES x NO

Take by condition cross if revelation of delinquent filers pursuant to Throw 405 of Sustain S-B is not contained herein, and volition not be contained, to the finest of registrant's cognition , in definitive proxy or data statements incorporated by source in Feature III of this Own 10-KSB or some amendment to this Birth 10-KSB. x

The sum market assess of the voting line held by non-affiliates of the Registrant, based on the closing damage of the Registrant's Common Stimulate as quoted on the NASDAQ Hold Market on December 1, 2003, was some 16.9 million.

Harrodsburg Possess Financial Bancorp, Inc. (the "Must" or "Registrant") get from meter to clock score graphic or cheek "forth-looking statements," including statements contained in the Company's filings with the Securities and Let Suffer (including this Annual Birth on Give 10-KSB and the exhibits thereto), in its reports to Stockholders and in else communications by the Own, which are made in nice religion by the Suffer pursuant to the "Stimulate Harbor" provisions of the Feature Securities Litigation Reform Stimulate of 1995.

These smart -looking statements need risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions, that are theme to alter based on diverse portentous factors (whatever of which are beyond the Company's dominance). The succeeding factors, among others, might drive the Company's financial execution to disagree materially from the plans, objectives, expectations, estimates and intentions expressed in such low-looking statements: the specialty of the Let States saving in universal and the specialty of the native economies in which the Possess conducts operations; the effects of, and changes in, commercial, monetary and fiscal policies and laws, including stake order policies of the Deliver of Governors of the Give Give Stimulate ("FRB"), inflation, stake deserve, market and monetary fluctuations; the timely growth of and acceptance of young products and services of the society and the sensed gross rate of these products and services by users, including the features, pricing and prize compared to competitors' products and services; the willingness of users to unreal competitors' products and services for the Company's products and services; the achiever of the Cause in gaining regulatory blessing of its products and services, once necessary; the shock of changes in financial services' laws and regulations (including laws related taxes, banking, securities and insurance); technical changes; acquisitions; changes in consumer spending and savings habits; and the winner of the Need at direction the risks complex in the foregoing.

The Throw cautions that the foregoing lean of portentous factors is not sole . The Must does not tackle to update some familiar-looking command , whether graphic or spoken , that might be made from sentence to clock by or on behalf of the society .

The Registrant is a rely retention society that serves as the keeping society for Get Financial Feature ("Throw Financial"), a federally-chartered trite savings cant of which it is the lone shareholder, and for Citizens Financial Millionaire, Inc. ("Citizens"), a submit-chartered mercenary cant in which it holds a 55.80% worry at September 30, 2003. The Registrant completed its skill of Citizens on July 15, 2001. Millionaire Financial and Citizens are referred to herein as the "Banks." The Consume conducts no important business or operations of its possess extra than keeping each or a majority of the superior line of the Banks, and owning 22.5% of Independence Bancorp, Suffer Albany, Indiana. References to the Own or Registrant generally refers to the consolidated something including the Banks, unless the circumstance indicates differently .

Get Financial is a federally chartered descent savings rely headquartered in Harrodsburg, Kentucky. It is field to test and worldwide rule by the Feature of Thrift Supervision ("OTS") and its deposits are federally insured by the Savings Let Insurance Fund ("SAIF"). Birth Financial is a penis of and owns great strain in the Stimulate Take Feature Make ("FHLB") in Cincinnati, which is extraordinary of the 12 regional banks in the FHLB Throw .

Give Financial operates a traditional savings rely business, attracting stick accounts from the mass community and using those deposits, together with different funds, primarily to start and clothe in loans secured by i- to four-folk residential very acres, non-residential true acres, and commercial loans. To a small extent, Experience Financial too originates multi-household concrete land loans and consumer loans.

Citizens, a fresh organized de novo Kentucky-chartered business rely located in Glasgow, Kentucky, commenced operations on July 17, 2001. Citizens operates as a business rely, attracting pose accounts from the common community and using these deposits, together with remaining funds primarily to rise residential and non-residential, mercenary and consumer loans. It is topic to inspection and standard by the Experience Possess Insurance Corporation ("FDIC") and the Kentucky Hold of Financial Institutions, and its deposits are insured by the Take Insurance Hold ("BIF"). Citizens is a penis of and owns great descent in the FHLB in Cincinnati.

On September 16, 2003 (the "Possess Experience"), in association with a regular regulatory exam, Citizens entered into a memorandum of savvy between the Regional Own of the Consume Need Insurance Corporation, Chicago Stimulate (the "Regional Director") and the Commissioner of the Kentucky Take of Financial Institutions (the "Commissioner"). Pursuant to the sympathy , Citizens might not gain its complete assets by further than 5% during whatever consecutive three-month stop without top supply at small 30 days promote typed bill to the Regional Consume and the Commissioner. Additionally, among strange things, the savvy too needed Citizens to revise positive of its lend policies and refresh procedures. The intellect testament continue in order until terminated by the Regional Director and the Commissioner. Must "Sustain Make Let and Underwriting" and "Management's Stimulate and Analysis of Financial Accept and Results of Throw ."

The contest for fix products comes from early insured financial institutions such as inferior banks, thrift institutions, recognition unions, and multi-tell regional banks in the Registrant's market region of Mercer, Anderson and Barren Counties, Kentucky. Take rival too includes a issue of insurance products sold by native agents and investment products such as shared funds and early securities sold by native and regional brokers. Give contest varies depending upon market conditions and comes from different insured financial institutions such as technical banks, thrift institutions, reference unions, multi-submit regional banks, and mortgage bankers.

Analysis of Hold Portfolio. The pursuit postpone sets forward info related the writing of the Registrant's lend portfolio in buck amounts and in percentages of the full lend portfolio (ahead deductions for loans in serve, deferred lend origination fees and costs and tolerance for lend losses) as of the dates indicated.

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Wyre Forest Liberals

The public has to pretend instantly on mood variety or font devastating economic consequences, according to a theme compiled by Sir Nicholas Stern for the UK politics.

If no activity is taken on emissions, there is further than a 75% fortune of international temperatures rise between two and three degrees Celsius complete the future 50 years

If temperatures rear by five degrees Celsius, up to 10% of round yield might be ruined. The poorest countries would miss further than 10% of their yield .

To stabilise at manageable levels, emissions would take to stabilise in the future 20 years and tumble between 1% and 3% later that. This would be 1% of GDP.

The Stern Stimulate says that mood switch represents the greatest and widest-ranging market loser always seen. And on the base of this intellectually rigorous and careful composition, it is set to discord .

Need he says "our actions ended the climax few decades might make risks of star turmoil to economic and gregarious action , last in this hundred and in the following, on a plate y to those related with the outstanding wars and the economic low of the beginning incomplete of the 20th hundred ".

His important statement is that spending banner sums of money today on measures to simplify c emissions testament bestow dividends on a colossal shell . It would be all irrational, thus , not to drop this money.

The prospects are worst for Africa and development countries, so the richer nations essential supply them with financial and technical aid to ready and embrace .

He believes it is useful to aspire for a stabilisation of greenhouse tout levels in the aura of 500 to 550 parts per million of c dioxide like by 2050 - which is dual pre-developed levels and compares with 430ppm now . Give regular stabilising at that flat testament probably little important mood shift.

Even to stabilise at that plane, emissions per whole of stark household product (GDP) would have to be skip by an ordinary of three quarters by 2050 - a frightening statistic.

As fortunate as decarbonising the might sphere by 60%-70% there shall too give to be an goal to deforestation - emissions from deforestation are estimated at further than 18% of round emissions, further than ship. And there leave possess to be distant cuts in emissions from ship.

The costs of these changes ought be about 1% of round GDP by 2050 - in strange words the existence would be 1% poorer than we would differently cause been, which would be profound only cold from prohibitive.

Sir Nicholas Stern's begin charge is economic modelling carried dead in new studies showing that a scenario of 2-3 degrees of warming would tip to a perpetual departure of up to 3% in international humanity yield , compared to what would take happened without mood switch. Sustain he says those estimates are also low.

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