Item 7

Authorize to hold a public hearing and passage of a resolution entitled: A RESOLUTION UNDER RSA 162-A:18 AWARDING A STATE GUARANTEE UNDER RSA 162-A:13 WITH RESPECT TO A EQUIPMENT/TERM LOAN FROM WALDEN MUTUAL BANK TO RUSTIC CRUST, INC. & SUBSIDIARIES and make the statutory findings under RSA 162-A:18, with respect to the proposed extension of a guarantee of the State of New Hampshire with respect to a certain loan from WALDEN MUTUAL BANK TO RUSTIC CRUST, INC. & SUBSIDIARIES. The loan to be subject to the State's guarantee will in an amount of up to $1,093,862.50 EQUIPMENT AND TERM LOAN FOR FIVE YEARS and the proposed guarantee will be in an amount equal to seventy-five percent of any deficiency determined to exist after the Lender has diligently pursued specified available collection rights.