Loan sizes start at 1+ million or higher No collateral from client neededcollateral

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1 Loan sizes start at 1+ million or higher No collateral from client neededcollateral provided from third party Short term loan (30, 60, 90, 6 months, 1 year with rollover options) All Payments made upfront Interest is Libor plus 0%-3% (Average rate % over term) All project types are eligible - worldwide Closing time in business days (Highly dependent on Company/borrower turn around) Understanding and Using Letters of Credit Letters of credit accomplish their purpose by substituting the credit of one party for another, such as a bank, corporation, or other financial institution for that of the customer, for the purpose of facilitating trade, balance sheet enhancement, or project financing. There are basically two types: commercial and standby. The commercial letter of credit is the primary payment mechanism for a specific or specific set of transaction(s), whereas the standby letter of credit is a secondary payment mechanism. The funds or assets securing an LOC may be seen as primary collateral, whereas the assets, or future assets of a project, for example, may be utilized as secondary collateral. Here, the term bank will be used to designate the issuer of an LOC. Overview: Letters of credit could be listed as a guarantee of payment by a bank (issuing institution) to a third party for a specific amount of money, if certain conditions are met. A letter of credit is generally a term used for the guarantee that a bank or any other financial body grants to an applicant business group. Letters Of Credit will explain the details of Letters of credit in this article. For example, via such a letter, a financial body may take the responsibility of payment to an exporter. This is an irrevocable document, which means that even if the applicant wants to do otherwise, the financial organization will have to pay for the transaction. Letters of credit are used extensively for financial transactions, today, with more and more financial organizations specializing in the practice. This is especially beneficial for large transactions between two far-off countries. Irrevocability is a major criterion of most credit letters today and the financial institution and the receiver are considered the most important parties. Thus, often, the applicant is not even taken as a

2 party to the transaction. The bank can call back the letters of credit anytime during the transaction, a step that is subject to certain terms and conditions. In case the applicant turns insolvent, the bank can claim a major portion of its loss from the credit risk that the applicant has already paid for. The applicant has to submit certain documents in order to avail the facilities of Letters of credit. Letters Of Credit may be structured that the entire transaction is also based on a certain time level after which the bank will have to pay back the entire amount. Elements of a Letter of Credit: A payment undertaking given by a bank (issuing bank) On behalf of a buyer (applicant) To pay a seller (beneficiary) for a given amount of money On presentation of specified documents representing the supply of goods (for example) Within specified time limits Documents must conform to terms and conditions set out in the letter of credit Documents to be presented at a specified place Beneficiary: The beneficiary is entitled to payment as long as he can provide the documentary evidence required by the letter of credit. The letter of credit is a distinct and separate transaction from the contract on which it is based. All parties deal in documents and not in goods. The issuing bank is not liable for performance of the underlying contract between the customer and beneficiary. The issuing bank's obligation to the buyer, is to examine all documents to insure that they meet all the terms and conditions of the credit. Upon requesting demand for payment the beneficiary warrants that all conditions of the agreement have been complied with. If the beneficiary (seller) conforms to the letter of credit, the seller must be paid by the bank. Issuing Bank: The issuing bank's liability to pay and to be reimbursed from its customer becomes absolute upon the completion of the terms and conditions of the letter of credit. Under the provisions of the Uniform Customs and Practice for Documentary Credits, the bank is given a reasonable amount of time after receipt of the documents to honor the draft. Basically, think of the bank as the co-signer of a loan. Our SBLC The advantage The difference between the collateral program CD and SBLC is that the CD is for projects that require a long start- up period before launching while the SBLC is a short term loan for (30, 60, 90, 6 months, 1 year with rollovers available). To ensure confidence and success, all of this transaction will be done via escrow from an US based escrow company in business for over 45 years or with one that you feel comfortable with. The advantage is the minimum is 1 million dollars with a $150 million limit without the HIGH scrutiny on your business plan that other collateral loans require. However, there is NO

3 deferment and it requires that ALL the upfront fees be deposited into escrow (between 6-10%). Once the term is up the money is called. The SBLC Program, is an established system of financing, much like the CD program, that uses traditional banking mechanisms as its fundamental components. The result is a stable structure that procures about 100% monetary instrument collateral for project financing. The Program itself is a mechanism of structuring third party collateral into the loan or funding package for project financing. Since this structure must be implemented through a series of complex bank transactions between multiple participants in the transaction, the SBLC Program must be managed by a licensed capital firm. The particular group of Providers for both the SBLC/CD program and their investors who we work with have specialized in the system for over 20+ years. The providers and investors are required by contract to participate in the program for a minimum of 5 years, so it is a well established system with reliable participants. The primary function of the structure is to procure collateral from a third party at a discount, and arrange for it to be paid for by the Borrower Company from the loan funds at the time of closing. Depositors are multinational corporations and consortiums of trusts and pension funds, which have billions of dollars in liquid assets. They have contractual and legal obligations to make these funds work for maximum profits. For such capital resources, direct investment in projects is too high risk, too low return, and too much time to wait. Accordingly, they categorically refuse to finance actual projects or invest funds directly, as a matter of principle and policy. Description of Participants Applicant Company: Will provide a fully prepared investment project that qualifies for financing, applies for collateral financing through the Program Manager, and signs the necessary contracts with other parties to the transaction. Program Manager: Manages a flow of qualified investment projects from Applicant Companies, maintains contractual relations with a group of Collateral Providers, and maintains working relations with a group of participating Funding Banks. The Program Manager is not a participant in the transaction, but coordinates and facilitates all stages of securing the transaction.

4 Collateral Provider: Maintains contractual relations with groups of Depositors and Purchasers, and maintains working relations with a group of participating Issuing Banks. The collateral provider works directly with Issuing Banks on behalf of Depositors, and directly with Funding Banks on behalf of Applicant Companies. Depositor: Purchases the SBLC as a financial instrument for use as collateral, by making a deposit into the Issuing Bank, to guarantee the loan to Applicant Company from the Funding Bank. The Depositor is usually a pension fund, trust, investment fund, credit union, private investor or a major multinational corporation. Sometimes the Collateral Provider itself elects to be the Depositor. Purchaser: Purchases the right of trust ownership of the Interest component of the SBLC instrument at a discount from the Depositor. He thereby becomes the assigned beneficiary of the interest stream generated by the deposit. The Purchaser is usually a government pension fund or private trust. Sometimes this participant is not needed, as the Depositor may prefer to remain the beneficiary owner to receive increased profits over time. Issuing Bank: Receives the monetary deposit from Depositor, issues the SBLC containing both Primary and Interest components, and registers the owners, trustees and beneficiaries of both components of the SBLC instrument as a result of the transactions. This must be an A rated bank. Funding Bank: Receives the Primary component of the SBLC as a monetary instrument, issues a loan to the Applicant Company backed by the SBLC, and distributes the loan funds in accordance with instructions of the Applicant Company. This can also be an investment fund, credit union or alternative bank without an A rating, as long as they accept the collateral and have sufficient reserves to finance the project. In most cases, the Funding Bank is the same entity as the Issuing Bank. The following is an overview of the fundamental components of the financing transaction: Preliminary-

5 1. We will diagnosis your funding options for free based on details you give us. If after that you decide this is a viable avenue and are comfortable to continue you will be required to sign a fee agreement % of our fee which will cover our hours of work up to that point and the remaining 50% held in escrow.com until close of your transaction. SBLC Line Step 1- Client completes Customer Information Sheet (CIS) and Financial Instrument Application for the Line of Credit or Certificate of Deposit collateral and submits together with compliance information Step1A- Client completes Banking Intake Form and this is submitted together with required project package Step2- After submission and the approval of the SBLC transaction a Terms Sheet is issued (1-2 Banking Days) for the Collateral Step2A- After submission and Bank approval transactional banking account is established and Line Of Credit is underwritten (10 banking Days) Step3- Transactional Contract for the financial instrument (collateral) is issued after Terms Sheet is accepted by the Client (2-3 Banking days) Step4- Client s Bank (receiving bank) submits acceptable language for the SBLC to the Instrument Provider s Bank (issuing bank) Step5- SBLC language is approved; escrow services agreement is executed and Finance fees are placed in Escrow Step 6- Hard Copy of the SBLC is sent via Bonded Courier and then Verified and Authenticated Bank to Bank (3-5 banking days) Step 7- Receiving Bank acknowledges electronically their acceptance of Instrument to Escrow Agent-Line of Credit becomes operational Step 8- Finance fees are released from escrow to the Provider

6 This Instrument is backed by cash and can be encumbered, pledged or assigned and does not require a Bank Guaranty of Return.This transaction is undertaken strictly by Bank to Bank correspondence. Collateral lending is ideal for businesses that cannot provide sufficient collateral to secure a standard commercial loan. This collateral program makes it possible to successfully receive 100% capital funding, without any collateral from the client. The principals stay in control of their project without any outside partnerships or sharing of net revenues. How to Move Forward 1. Client forwards copy of the CIS & Documents, Business Plan (in word format), and Proof of Funds on the project for initial and preliminary review. 2. The Fee Agreement and Non-Circumvent shall be prepared and signed by all parties. 3. Once the business plan is received, fee agreement and non-circumvent are signed and received ALL the CIS and the business plan will be set for due diligence and a request for recommendation will be required. 4. The recommendation usually takes between 2-5 days. 5. If the recommendation is favorable the client/investor will be issued a complete due diligence package. The due diligence period usually takes between 5-15 days. 6. After the client/investor performs their Due Diligence on the parties involved, and they feel comfortable, they will at that time complete application and forward along with the signed contract to banks. 7. Client will also supply Proof of Funds (bank letter or statement, dated with 5 days of application submission) showing liquid assets of the amount of the up front fees (TBD before the start of ANY of these processes). What are the costs? Most of the costs are borne by the banks and groups involved. For instance, as part of our fee agreement we will take care of your IMLA, HS and Writer/creator fees. The Company cost is the fee agreement, upfront fees and the liability on the instrument once delivered. The following is a detailed list of the proportional cost to the banks and us that are involved:

7 Research and Strategies for Positioning of Project on Capital Market IMLA, HS, Writer fees : 5,000-55,000+ depends on amount of SBLC Financial Underwriting and Financial Pro forma Development $15-45, (Our fees) Legal Underwriting and Legal Due Diligence Package Development: (Included in fees) Development and Preparation of Bank Compliance Package- 25, (Bank & Investor borne) Escrow fees $750-15,000 (depending on amount and escrow firm taken out at close)

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