BUSINESS CREDIT APPLICATION TEMPLATE DATE: November 30, 2011 TYPE: Demand Loan PURPOSE & ALLOCATION: Mr.

Newton Bigun, an Engineer by profession is currently Chairman of Biguns Construction Limited and Chairman/CEO of Biguns Developers Limited. He is seeking to raise funding of $2 million in short term to purchase the property located at (Address, Volume & Folio) approximately (#) square feet. This property is being purchased in order to build (#) residential apartment units. The property and the units to be built will be held as collateral for the loan. GENERAL INFORMATION NAME OF BUSINESS: TAX ID: ADDRESS: CITY: COUNTRY: CONTACT OF BUSINESS: Mr. Newton Bigun PHONE NUMBERS: EMAIL: TYPE OF BUSINESS: IN BUSINESS SINCE: 1-000-(Office) newton bigun @ biguns dot net Construction 1990 Timbuktu Biguns Developers Limited AMOUNT $: $2,000,000

LEGAL FORM UNDER WHICH BUSINESS OPERATES CORPORATION  PARTNERSHIP  PROPRIETORSHIP 

NAME OF PARENT COMPANY: N/A IN BUSINESS SINCE: N/A

PERSON RESPONSIBLE FOR BUSINESS TRANSACTIONS: NAME: ADDRESS: PHONE: EMAIL: 1-000- (cell) newton bigun @ biguns dot net Newton Bigun TITLE: Mr.

PERSON RESPONSIBLE FOR BUSINESS TRANSACTIONS NAME: ADDRESS: PHONE: EMAIL: BANK REFERENCES INSTITUTION: ACCOUNT TYPE: Business & Personal (Checking & Savings) CONTACT: ADDRESS: CITY: COUNTRY: PHONE: EMAIL: INSTITUTION: ACCOUNT TYPE: Business & Personal (Checking & Savings) CONTACT: ADDRESS: CITY: COUNTRY: PHONE: EMAIL: Timbuktu TITLE: Ms. Timbuktu TITLE: Mr. 1-000TITLE: Mr.

FINANCIAL INFORMATION (‘MILLIONS’) Company Name - Bigun Developers Limited Net Turnover Income

Year 2006 2007 2008 2009

Assets NCA

CA

CL

Current ratio 2006 2007 2008 2009 3.92 7.95 5.36 4.30

Profit Margin 2006 2007 2008 2009 ROA 2006 2007 2008 2009 64.66 -11.58 15.32 -0.86 32.46 -44.44 2650.0 -4.17

LEGAL INFORMATION HAVE YOU OR YOUR OFFICERS OR AFFILIATES EVER FILED A PETITION IN BANKRUPTCY? YES  NOTES: N/A IS YOUR COMPANY SUBJECT TO ANY LITIGATION? YES  NOTES: LEGAL RISK ASSESSMENT: NO  NO 

SECURITY ANALYSIS: As security for the $2,000,000 facility the following are being offered: 1. First Mortgage (in registrable form) over residential property at (Address, Volume/Folio). 2. Hypothecation over Available $200,000. Investment Account i.n.o ______________.

DOCUMENTATION ANALYSIS Credit Application/Client Loan Application Letter Certificate of Incorporation Articles and Memorandum of Incorporation Copy of Tax Registration Certificate Financial Statements Personal Financial Statement Draft Audited Accounts (2007) Audited Accounts (2005, 2006) In-House Accounts (2007 - 2009) Business Plan & cash Flow Copy of Surveyors ID report Copy of Real Estate Title (Address, Volume/Folio) Being Used as Security Valuation Report (Address, Volume/Folio) Letter of Authorization to use Title as security Proof of Insurance (Address, Volume/Folio) Copy Copy of of Discharge of Mortgage of Good (Address, Standing Volume/Folio) Certificate (Company) SIGNED DOCUMENTS Promissory Note Mortgage By Way of Guarantee Hypothecation Agreement Assignment of Property Insurance Assignment of Life Insurance Indemnity

CO

CM

Ops

RECOMMENDATION: Negative Assessment 1. The company’s deteriorating financial position and the ongoing recession…local and overseas which could further negatively impact the construction industry; 2. The illiquid nature of the real estate being offered as security and the continued impaired economic conditions; 3. The lack of audited accounts… 4. The ongoing devaluation of the local currency which forces up the cost inputs and ultimately the price of housing units… 5. Change in Government and Government policy which could negatively affect demand for real estate. Positive Assessment It’s recommended the facility be established based on: 1. Bank’s relationship with the Directors of Biguns; 2. Adequacy of Security offered; 3. Despite deteriorating financial position, the company’s past financial performance and ability to cover payments from cash flow and from existing construction contracts. 4. The ability of the “main principal” to provide ongoing financial support from other professional contracts with prominent individuals, large corporate and government agencies.

TERMS: The recommended terms are: Principal: $2,000,000 Interest Rate: % pa

Rate of Interest: Reviewable Quarterly Term: Six (6) months Interest Payment: Monthly Principal Payment: Periodic Lump sum Fee (Flat Upfront): 1/2% CREDIT APPROVAL:

________________________ CREDIT OFFICER

_____________________ ____________ CREDIT MANAGER DATE

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