May 02, 2025

Notice of Intent- Go Lab.

FINANCE AUTHORITY OF MAINE
NOTICE OF INTENT TO ISSUE

Notice is hereby given that the Finance Authority of Maine (FAME), intends to issue Revenue Obligation Securities pursuant to the Finance Authority of Maine Act, Title 10, Chapter 110 of the Maine Revised Statutes, as amended, and a Certificate of Approval to be issued by FAME, which Certificate will be substantially as follows:

CERTIFICATE OF APPROVAL

Pursuant to 10 M.R.S.A. §1043, and based on certain findings required thereunder, FAME approves the Project and plan of finance described below:

PROJECT USER:                     Go Lab Madison, LLC (d/b/a TimberHP) / Go Lab, Inc.

PROJECT LOCATION:            1 Main Street and 93 Pine Street, Madison, Maine

PROJECT:                                Bond proceeds will be used to finance a portion of the costs to purchase and install equipment at the former Madison Paper mill, used to manufacture wood fiber based insulation products (loose fill, batts, and boards), using recycled wood fiber biomass residuals, thinnings (round logs too small to be used in lumber mills), and waste byproducts of lumber manufacturing and timber management operations, as the primary raw materials, together with costs of issuance, construction period and other capitalized interest and a debt service reserve fund.

MAXIMUM AMOUNT OF REVENUE OBLIGATIONS SECURITIES TO BE ISSUED TO PROVIDE FINANCING FOR THE PROJECT:  $10,000,000

This Certificate of Approval shall be null and void unless acted upon within one (1) year from the date hereof.

Any action or proceeding in any court to contest the issuance of the Securities, to set aside the Certificate of Approval or to obtain relief upon the grounds that the Certificate of Approval was improperly issued, was issued for unauthorized purposes or is otherwise invalid for any reason, must be started within 30 days after the date of publication of this notice.  After the expiration of such a 30-day period of limitation. no right of action or defense founded upon the invalidity of the approval or the Certificate of Approval, or contesting any provision or the issuance of the Certificate of Approval or the issuance of the Securities may be started or asserted nor shall the Certificate of Approval or the issuance of Securities be open to question in any court upon any grounds.  This notice is published pursuant to Title 10, Section 1044(1) of Maine Revised Statutes, as amended.

Finance Authority of Maine
5 Community Drive
P.O. Box 949
Augusta. ME 04332-0949
(207) 623-3263
Contact Person: Christopher H. Roney, General Counsel

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