<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=unicode" http-equiv=Content-Type> <META name=GENERATOR content="MSHTML 8.00.7600.16625"></HEAD> <BODY> <P style="TEXT-ALIGN: center" class=MsoNormal align=center><B><SPAN style="FONT-SIZE: 24pt">Monetize leased Bank Instruments<?xml:namespace prefix = o /><o:p></o:p></SPAN></B></P> <P class=MsoNormal><o:p> </o:p></P> <P class=MsoNormal><SPAN style="COLOR: rgb(31,73,125)">We partnered up with an asset management company that will monetize LEASED Bank Guarantees and SBLCs. <o:p></o:p></SPAN></P> <P class=MsoNormal><SPAN style="COLOR: rgb(31,73,125)">Our process is very simple and straight forward as we are working bank to bank. To get started we will need CIS and copy of instrument. We will then send LOI and letter of appointment (we will need that to be able to approach our banking sources on the clients behalf). <o:p></o:p></SPAN></P> ?????????????????????????????<P class=MsoNormal><SPAN style="COLOR: rgb(31,73,125)">The LOI will have the same terms as below (I highlighted the important parts of the agreement):<o:p></o:p></SPAN></P> <P class=MsoNormal><SPAN style="COLOR: rgb(31,73,125)"><o:p> </o:p></SPAN></P> <P style="TEXT-ALIGN: justify" class=MsoNormal><B>Clients Proposed Terms:<o:p></o:p></B></P> <P style="TEXT-ALIGN: justify" class=MsoNormal>Amount: $XXXXXXXXXX.XX (Amount of Face Value of Instrument)<o:p></o:p></P> <P style="TEXT-ALIGN: justify" class=MsoNormal>LTV: Up to 85% (owned instrument) Up to 75% leased instrument<o:p></o:p></P> <P style="TEXT-ALIGN: justify" class=MsoNormal>Proposed Repayment Terms: <SPAN style="BACKGROUND: yellow">Self Liquidating, Non-Recourse, Non-Repayment</SPAN><o:p></o:p></P> <P style="TEXT-ALIGN: justify" class=MsoNormal><o:p> </o:p></P> <P class=MsoNormal><U>Special Terms:</U> <o:p></o:p></P> <P class=MsoNormal>Borrower will sign LOI and Letter of Appointment. Upon ??????????????????????countersignature from Asset Manager, Borrower will instruct bank to issue MT760 payable upon receipt and verification of the MT760 with the wording provided in PDF Attachment. <SPAN style="BACKGROUND: yellow">Lender will be paying fees associated with sending and receiving MT760 upon receipt and verification of the MT760. All fees of MT760 will be deducted from proceeds.</SPAN><o:p></o:p></P> <P class=MsoNormal>Upon receipt and verification of MT760 Lender will provide a final contract to Borrower including all the terms, LTV, etc.<o:p></o:p></P> <P class=MsoNormal>Upon acceptance by Borrower<SPAN style="BACKGROUND: yellow"> initial funding will occur within 5 to 7 business days</SPAN>. <o:p></o:p></P> <P class=MsoNormal><o:p> </o:p></P> <P class=MsoNormal><o:p> </o:p></P> <P class=MsoNormal><o:p> </o:p></P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt">Regards,</SPAN></P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"></SPAN> </P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><FONT size=4>John Pitts</FONT></SPAN></P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><FONT size=4>J.E.P. Inc.</FONT></SPAN></P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><FONT size=4>586-838-6651</FONT></SPAN></P> <P class=MsoNormal><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 10pt"><FONT size=4>Email: </FONT><A href="mailto:jep...@jepcorp.com";><FONT size=4>jep...@jepcorp.com</FONT></A></SPAN></P></BODY></HTML>
