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EXPENDITURE NARRATIVE <br /> AMOUNT TYPE OF EXPENDITURE: <br /> $176,206 Acquisition, Pay down a portion of the loan used to purchase the property <br /> $7,334 Closing, title and recording costs <br /> $9,436 Architect <br /> $31,050 Engineering <br /> $10,871 Environmental Assessment <br /> $6,998 Geotechnical Study <br /> $10,036 Cost estimate <br /> $48,069 Permits, fees and hookups <br /> Total: $300,000 <br /> Exhibit B <br /> Cocoon House <br /> Page 4 of 4 <br />