3.

COMMENCEMENT OF LENDING TRANSACTION The BORROWER will sign this Agreement and within 5 banking days after signature, will transfer funds to the designated Clearing and Settlement account (Lending Manager) the amount ofXX% ; against invoice, to cover the call option expenses in order to reserve the bank instrument. At which point the loan procedure will commence. This amount will be refunded after successful completion of this transaction by the LENDER, as per article 5. The BORROWER has the right to deduct the above mentioned refund from the service total service fees associated with the successful completion of the transaction, as per article 7. After 30 calendar days of this agreement date, without the transfer as above mentioned, this agreement will expire and will be considered null and void. 4. DELIVERY OF DOCUMENTS After the signing of this agreement and the receipt of the wire transfer of the above mentioned call option guarantee, to the account of the Lending Manager, within 48 hours the LENDER will reserve the tranche of the above mentioned banking instrument by the Clearing and Settlement Company (Lending Manager). Following is a list of items that will be sent; I. Pre Advise of Invoice with all details of the Bank Instrument, II. Corporate Deed of Assignment, III. Bond Power if requested, IV. Bloomberg Printout or Security Card of the Stock Exchange Market where instrument is quoted, V. Permission for the designated BORROWERs Bank Officer to confirm and authenticate the instrument(s). (NOTE: Every instrument is on screen in Euroclear and Bloomberg systems) 5. REQUIREMENTS TO EFFECT THE DELIVERY OF THE BANK INSTRUMENT After the verification and authentication of the above mentioned documents, BORROWER must provide to the payment of service fees by payments made through, either of the following; I. Conditional ICPO (irrevocable corporate pay order) endorsed by an acceptable borrowers bank as per attachment 1. II. Bank backed Promissory Note(s), which expiring dates will be negotiated between the parties (per attch. 2) III. Conditional swift MT103-23 or MT700 as per attachments 3 and 4 NOTE: that if the payment will not take place within 20 calendar days from the pre advise of invoice issuing date (as per art.4) the contact will be considered null and void 6. DELIVERY OF THE BANK INSTRUMENT LENDER will confirm to the clearing operator the instrument to be purchased, after the Nominated LENDERs Compliance Officer has carried out the necessary due diligence. (Contacting the BORROWERs Bank Officer by certified email and the BORROWERs Bank will confirm RWA to receive the above mentioned instrument to close the transaction and their awareness/knowledge about the transaction. Once completed, the LENDER bank will deliver the Bank Instrument to which the Agreement relates, by Swift MT760, to the BORROWERs designated Bank. The Transaction will be closed on a Bank-To-Bank basis using the Swift system. 7. RATES APPLICABLE TO LOANED SECURITIES BORROWER shall pay to the LENDER,(in the manner prescribed in paragraph 5) the agreed service fee of XX%, of the face amount of the instrument for a period of One Year and One day. The BORROWER has the possibility to extend the lending period for up to 5 Years, paying the service fee yearly, 15 days prior to maturity date.