International Funding Company

1) CONSULTATION AND FINANCIAL OVERVIEW

A review is made with the client of an existing feasibility study or a study prepared through our technical-financial guidelines for an additional fee to provide information required by lenders and investors. First-stage research of international money markets is made to test the possibilities for complete funding of the project along with indications of likely loan terms, interest rates and fees. Alternative financing sources and strategies are also considered.

3) INITIAL FINANCIAL CONTACTS

On behalf of the client, contacts are made with financial institutions to determine their interest in
financing the project. Probable terms and conditions as well as financing alternatives are
considered.

2) PRELIMINARY CASH FLOW STUDY

Working closely with engineers and investments specialist, when required, estimates are created for material cost, operating costs, depreciation, taxes, product prices, sales volumes, and other factors. A preliminary cash flow study is then developed to forecast the total amount of available funds, working capital needs, as well as requirements for operating expenses, interest- and repayment of principal.

4) PROJECT PROFILE

A financial profile describing the project, the sponsors, investor securities and specifications of
the financing plan is prepared to facilitate the coordination and negotiation with prospective
lenders. The profile is designed to structure the loan so that the project is creditworthy on its
own merits. The objective is to obtain adequate financing.

5) LOAN APPLICATIONS

After selecting the lenders, on behalf of the client we submit applications to the various
financial institutions to enable them to analyze the objectives and requirements of the loan.

8) EQUIPMENT FINANCING

Equipment financing is explored through various channels - such as the suppliers themselves,
commercial banks, equipment finance houses and government export credit institutions.

9) EQUITY PLACEMENT

At times when there are opportunities to locate joint ventures for new viable projects, contacts
with merchant banks and non-traditional financing sources, will be contacted by
INTERNATIONAL FUNDING COMPANY on behalf of clients.

10) LOAN ADMINISTRATION

After the signing of the financial agreement, procedures will be developed to assist the client
to comply with the terms and conditions specified. Liaison by INTERNATIONAL FUNDING
COMPANY is maintained with all parties to ascertain timely repayment of the loan.

7) PROCUREMENT RESEARCH

When major requirements for materials and equipment are determined, consultations and
coordination's are held with the client, including his engineers and procurement specialists
regarding quality, delivery and cost.
After bids are submitted, an analysis is made comparing basic prices, transportation costs, as
well as credit terms, interest rates, repayment schedules and grace periods. This assists
INTERNATIONAL FUNDING COMPANY in identifying and selecting the best procurement
alternatives on behalf of the client for the project.

6) LOAN NEGOTIATIONS

Contacts with the lenders are made on behalf of the client to clarify and establish goals for
financing the project.