Mequity Limited Bank.

With no account-keeping fees, great savings bonus rates and

zero branches, we’re all about clean banking.

PRIVATE POLICY (PPF) INVESTMENT FUND TERMS

BETWEEN

LENDER:

Mequity Limited Bank.

With no account-keeping fees, great savings bonus rates and zero

branches, we’re all about clean banking.

AND

BORROWER: I ……………………………………….. Sign……………….

.
RECITALS:

WHEREAS

Mequity Limited Bank.

With no account-keeping fees, great savings bonus rates and zero

branches, we’re all about clean banking,

A company incorporated in USA Hereinafter refer as First Party) is a Limited Company

and Financial Investor, whose registered address is, who would like to make a Capital
Injection (Debt Finance) through her ANGEL investor’s portfolio under management to
the trusteeship of the Second Party for an amount of US$ ………………………)
(Hereinafter refer as Fund), and WHEREAS.

I ………………………………. Sign ………... A Limited Company incorporated in and

registered in (Hereinafter refer as Second Party, is willing to accept the Fund and First
Party is prepared to co-operate with Second Party in that respect. Now, therefore in
consideration of the foregoing facts and the mutual representations and covenants
hereinafter set forth, the parties hereto agree as follows:

Mequity Limited Bank.

With no account-keeping fees, great savings bonus rates and zero

branches, we’re all about clean banking.
ARTICLE 1:
1. The recitals set forth above constitute an integral part of this agreement at all times and
considered as a fundamental condition to execute it.

ARTICLE 2:

PURPOSE OF THIS AGREEMENT

2. The purpose of the present agreement is to define the contractual relation between the
First and Second Party and to make way for the next Memorandum/Contract which shall
be to cover the capital investment which shall take place after the release of Funds.

ARTICLE 3: RIGHTS GRANTED

3. Subject to the terms and upon the conditions set forth herein, throughout the duration of
this agreement, the First Party hereby accepts to make available to the Second Party the
amount of (US$ ………………………….) as an External Private Partnership Funding
(PPF) for the purpose of Acquisition and repositioning of Summertime Apartments
Portfolio in ……………………………….. sign……..

ARTICLE 4: PURPOSE

4.1 The provision of the fund is to enable the Second Party, secure a working capital Plan
for the above mentioned investment (The Project) of which the Funding is granted and as
well enables First Party’s representative to inspect the Project whenever necessary to
ascertain progress of project.

ARTICLE 5: DUTIES OF THE FIRST PARTY

The duties of the First Party, under the terms and conditions of this non-binding
agreement shall be as follows:

5.1 To make available the sum of (US$..................................), to the Second Party and
Second Party shall guarantee 2.5% interest on the investment for a period of 20 years
(Twenty calendar years) with option of an extension of tenure as long as there exist no form
of default by Second Party.

5.2 To arrange a meeting with the Second Party’s representative to sign the final legal
document/agreement and release/disbursement of the fund in favor of the Second Party
through an SPV account established by Second Party with the First Party’s affiliate bank.
Alternatively, for any reason that First Party’s representative cannot travel, disbursement
will be effected through First Party’s bank to the nominated account in the name of the
Second Party.
5.3 First Party is under obligation to submitting all relevant documents to the Financial
Regulatory Authority to ensure swift transfer of funds to Second Party’s bank coordinates.

ARTICLE 6: DUTIES OF THE SECOND PARTY

The Duties of the Second Party, under the terms and conditions of this agreement shall be
as follows:

6.1 To be available at First Party facilitator’s office in any of our affiliate offices in Turkey,
Dubai, South Africa to sign contract before Fund disbursement. (Electronics mails signing
of the Agreement is acceptable if agreed by both parties).

6.2 To provide to First Party, with any relevant documents pertaining to the
project/company (the Project) and to ascertain that the project is eligible for First Party’s
capital fund.

6.3 Borrower’s obligation to this funding of US$ ………. consists insurance fee of (5%)
……… covering: - SPV account clearance, Project registration with the ministry of
finance.

6.4 Borrower will pay the funding of insurance fee of (5% )……… which the borrower
will fill above that’s covering: - SPV account clearance assets as collateral for the Loan and
this will be covered in the loan agreement.

Note: The above listed under 6.3 are payable upon the signing of the contract at
facilitator’s office in Turkey, Dubai, South Africa and related documents must be
presented to the Bank to allow for the transfer of funds in conformity with the
International laws on External Private Partnership Funding (PPF).

ARTICLE 7: MISCELLANEOUS PROVISIONS

7.1 This Agreement may be amended only by a written document signed by either parties
or duly authorized representatives.

7.2 In event that this agreement is translated into any other language, the English version
hereof shall govern.

ARTICLE 8: CONFIDENTIALITY

The parties hereto agree to respect the confidential nature of information which they
receive during the term of this agreement, including information concerning the project as
well as bank’s information of the parties or the signatory of this agreement, and they
undertake to keep such information strictly confidential during the said term, and after the
termination.

ARTICLE 9: NOTICES & ADDRESS FOR SERVICE

I wish to apply for a loan from Mequity Limited Bank as detailed on this
Agreement form.
 

I confirm that the information on this Agreement Form is correct to the best of
my knowledge and agree that Mequity Limited Bank. May make any inquiries
it deems fit regarding this agreement.

Name and Signature of   Date:

Applicant

……………………………….
   

Name:
Title: Director Mequity Limited Bank Investment Fund

For: The Second Party

Name: Mohammad Armad ………………

Title: CEO/President