United States Virgin Islands 111 ECONOMIC DEVELOPMENT COMMISION ANNUAL REPORT Fiscal/Calendar Year Ending Financial Trust Company, Inc. glatrtit414 Dtterref Sales (Ineligible Sales) & Eligible for Tax Benefits ... ( $ )$ Other Income (Ineligible) & Eligible for Tax Benefits 576708 )$ Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) Average No. of Employees; Full Time & (Part Time/Other)... 10 Average No. of Residents; Full Time & (Part Time/Other)... 10 Average No. of Non-Residents: Full Tine & (Part Time/Other)... Other Employee Costs (Unemployment & health Insurance, pension, allowance, etc.) Employee Income Taxes Paid and Withheld March 23, 2012 1978702 208812 49513 61072 TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each lax) Gross Receipts: Amount Paid Dollar Value of Exemption Real Property Tax: Amount Paid Dollar Value of Exemption Excise Taxes: Total Paid Dollar Value of Exemption/Refund Income Taxes: Total Paid Dollar Value of Exemption/Refund Customs Duties: Total Paid Dollar Value of ExemptioNRefund Other: Hotel room taxes paid Other Taxes, Fee Paid to V.I. Government TOTAL TAXES PAID: TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT 0 0 0 0 0 0 1432123 423407 0 0 0 0 1432123 423407 Eligible Supplier Goods and Services: Raw materials, components 0 V.I. Suppliers 0 Non-Local 0 $ Totals 0 Food, beverage 0 0 0$ 0 Freight Charges 0 0 0$ 0 Insurance 0 4611 0 $ 4611 Legal/ Accounting 0 1450 23542 $ 24992 Advertising / Promotion 0 1912 0 $ 1912 Utilities (tel., water, elect. etc 0 15811 0 $ 15811 Interest & Other Bank Chg. 0 0 0$ 0 Supplies 754 5769 672 $ 7195 Repairs/Maintenance 1791 8408 0 $ 10199 Other (List Separately) 0 36343 697 37040 Subtotal, Goods and Svcs: 2545 74304 24911 $ 101760 Capital Expenditures: $ 0 Building & Improvements 0 0 0$ 0 Leasehold Improvements 0 0 0$ 0 Machinery! Equipment 0 8759 1408 $ 10167 Furniture / Fixtures 0 0 0$ 0 Vehicles 0 0 0 $ 0 Other (List Separately) 0 Subtotal, Capital Expend: 0 8759 1406 $ 10167 GRAND TOTALS 2545 83063 26319 $ 111927 CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE 779,738 Name/Signature of Preparer: Date: In,, Nemo) telephone Number: 340.775.2525 EFTA01077969 Fiscal/Calendar Year Ending March 23, 2012 Company Name: Financial Trust Company, Inc. Totals EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other Eligible Supplier V.I. Suppliers Non-Local Goods and Services: Duos and subscriptions 0 45 23 $ 68 Seminars and education 0 0 0 $ 0 Postage and delivery 0 764 0 S 764 Travel and related 0 1032 0 $ 1032 Meals and transportation 0 1309 0 $ 1309 License and lees 0 4395 0 4395 EDC Fees - Compliance, WDF 0 7500 0 $ 7500 Rent 0 21098 0 $ 21098 Other expenses 0 200 674 $ 874 Subtotal, Goods and Svcs: 0 36343 697 $ 37040 OTHER EMPLOYEE COSTS Employee benefits - health insurance and life insurance $ 45553 Simple IRA 3% employer contributions 3960 49513 By letter dated June 27, 2012 the Economic Development Commission granted a suspension of benefits effective March 23, 2012 to March 22,2013. By letter dated March 28, 2013 the Company requested a termination of benefits. The information included in the 2012 EDC Annual Report provides data through the date of suspension of benefits, March 23, 2012. Charitable contributkm • paid in 2012 EXPENDITURES FOR CHARITABLE CONTRIBUTIONS -2012 V.I. Educational V.I. Charity 11114""lcs1"" NP Pfc.'s" Totals 20250 41875 30000 $ 92125 20250 41875 30000 92125 EFTA01077970