SURETY & GUARANTEE ADVISORY DIVISION 306 Victoria House Victoria Mahe Seychelles Tel: +44 (0) 208

144 3689 Tel: +44 (0) 1372 411295 Email: info@avgencapitalpartners.com www.avgencapitalpartners.com

FINANCIAL LOSS & SURETY SOLUTIONS.

Through our internal credit & surety committee consisting of our worldwide partners, surety and lending decisions can be taken quickly, with the relevant issuance of the financial product and the offer of the requested guaranteeing documentation. In the international field Avgen Capital Partners counts on the best partners to assist with our clients financial needs. We ensure that all our clients receive a professional approach to guarantee their transaction runs smoothly. The philosophy of Avgen Capital Partners is to have a common approach, with our partners, allowing decisions to be made promptly and professionally. This in turn allows us to help our clients to overcome, obstacles which may arise, sometimes unforeseen to our clients, supporting them in their business without limitations, which can sometimes even block the development of highly profitable business. Avgen Capital Partners was born as financial engineers and developed a strong client base on the ethos of customer service. This ethos runs through all of its members and partners and has been operating successfully for several years in the global market, to help such Companies to exist, to develop and to have success, making the best possible use of our professional capabilities and the economic resources available to our clients. If you are serious about International surety and lending solutions, you have certainly come to the right place because Avgen Capital Partners can help you achieve your funding goals. Financial Loss Risks Protecting your business against financial loss is vitally important. Each client's risk exposure is unique, At Avgen Capital Partners we will work with you to identify these risks which could affect your business and develop an appropriate level of insurance protection to ensure that your business will survive an unexpected event. We will also help you risk manage your business to minimise the potential for accidents to occur.

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Cover is available for the following financial loss risks: Surety Bonds, Performance Bonds, Payment Bonds, Rental Guarantees. A surety bond is a specific type of bond which involves three different parties. The first party is the principal -- this is the person or organization that is being secured against default. The second party is the obligee -- this is the person or organization that is owed money or labour. The third party is the surety -- this is the person or organization that is promising to pay a certain amount should the principal default. Surety bonds may be used in an incredibly wide range of circumstances. They are basically used any time an individual or group is expected to do something, and some further assurance of their compliance is needed. As the credit market difficulties continue and the uncertainty of bank capacity extends beyond the financial markets, alternative relationships should be established and developed. Banks have been forced to reassess how they use their capital and their risk / return appetite has intensified. Our clients are reporting that banks are moving away from bank guarantee facilities in favour of cash working capital facilities at increased rates. An economy in recession creates increased risk and uncertainty in most transactions, and corporate insolvency rates are already rising. Consequently the demand for bonds and guarantees is increasing as a protection against financial loss. Companies that have prepared for this inevitable increase in economic risk will be Avgen Capital Partners Surety Expertise Avgen Capital Partners has the experience, expertise and insurance market relationships to provide clients with secure surety solutions on competitive terms and with strong and respected surety companies. Companies that have never previously investigated surety bonding need to respond to the kind of questions where a surety solution might provide the answer:

Do you use your banking facilities for bonds and guarantees, but are concerned about bank stability? Is working capital management a high priority? Is your supply chain strong? Will your suppliers survive a deep recession? Did you recently accept a parent company guarantee what is it worth?

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Surety Bonds arranged by Avgen Capital Partners Surety bonds arranged by Avgen Capital Partners can provide benefit to both the contractor and beneficiary: To the bonded contractor

protection of the underlying contract conditions does not restrict bank facility headroom bonds are off-balance sheet and classed as a contingent liability

To the employer or beneficiary

a commercial assessment by the Surety underwriter that the bonded contractor has the ability and credit worthiness to perform the contract Protection against losses suffered as a result of contractual default.

A Financial Guarantee, Payment Guarantee Is a contract that helps to ensure that a creditor or lender is reimbursed for any losses that result from the failure of a debtor to make payments on the outstanding debt in accordance with the provisions of the agreement that governs the business relationship? This type of guarantee is often in the form of an indemnity bond that cannot be cancelled until the debt is repaid in full. Many insurance companies offer financial guarantees as tool to help decrease the risk to any individual or institution that functions as a debt issuer. This can help the debtor to secure a more attractive interest rate on the loan or other debt instrument. This is because the guarantee helps to lower the degree of risk that the lender is taking on in order to approve the loan. Since the lender is covered in the event that the debtor becomes unable to make payments on time, there are no worries about out of pocket expenses associated with collections efforts or the loss of any amount remaining due on the debt instrument. This same benefit is also to the advantage of the debtor, since the lower interest rate means there is a smaller debt to repay over the long-term. The lower interest rate makes it possible to retire the debt sooner rather than later. Assuming that the debt is retired according to the terms of the lending agreement, the lender reports positive data that is reflected on the debtors credit report, and thus increases his or her credit rating. Many types of securities are issued with a financial guarantee in place. Bonds are one of the more common examples of investments that carry this type of coverage. In the event that the bond issuer is unable to repay the initial investment plus any interest income due to the bond holder, the insurance provider that underwrote the bond with the aid of a financial guarantee issues payment to the holder. As a result, the investor does not experience any type of loss and is free to use the funds paid by the insurer for any purpose he or she desires. Depending on how the financial guarantee is written, the insurer may have the option of paying off the amount due in one lump sum, or by making a series of payments. When multiple payments are issued, there are usually some guidelines that specify how long the insurer can take to completely settle the debt. For example, the terms

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may allow the outstanding amount to be settled with a series of monthly payments, with the settlement taking no longer than twelve consecutive months. Business Interruption A Business interruption policy is linked to property damage and provides indemnity for future loss of profits if a business is interrupted following a fire or other insured event. A number of future years anticipated profits can be insured to allow the business continue, retain key valuable employees and recover lost business during the interruption period. Avgen Capital Partners will assess projected trading activities, dependencies on key suppliers, customers and other certain risk factors, then tailor the most appropriate and cost-effective method of protecting your balance sheet. Machinery Breakdown Insurance protection against financial loss following machinery breakdown. Advanced Loss of Profits Indemnity against loss of projected profit in a start up operation or extension project following a delay in the target commencement date caused by a material damage loss during the construction or testing commissioning period. Credit Insurance This cover compensates a business for non-payment for goods and services sold or supplied at home or abroad on credit terms. Domestic and Export Credit Risks can be covered on one Commercial Risks Policy. Three types of risk are covered: 1. Insolvency 2. Protracted default on the part of the buyer 3. Political Risks

Avgen Capital Partners can develop policies to cover whole turnover or specific key account customers either on a ground up or c basis. Fidelity and Third Party Crime Insurance cover against the risks of crime to protect the balance sheet against financial loss as a result of employee dishonesty, third party fraud, computer crime, forgery and copyright infringement.

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Money & Personal Injury Protection against loss or theft of money:

From business premises during business hours Out of working hours From a safe or strong room In transit to or from the business premises In a bank night safe At the residence of Directors/Employees

Benefits are payable for personal Injury sustained as a result of attempted robbery

Death, loss of Limb or eye or permanent total disablement Temporary Total Disablement from usual occupation for up to 104 weeks Medical Expenses Damage to Clothing and Personal Effects

Loss of License Cover for hotels, public houses or clubs in respect of a reduction in the value of licensed premises if the license is not renewed by the awarding authority. Key man Cover Key man Insurance is purchased on the life of persons critical to the operation, management, development or financial welfare of the business and protects against the cost of a business interruption resulting from their death or serious illness. In assessing how much cover is required, here are some of the issues that should be considered:

The effect on profits if a key person dies The cost of recruiting a replacement The delay before the replacement begins to make a contribution to profits The loans that could be recalled on the key persons death The present cash position The level of profits in the past and projections for the next year

The company is allowed to use the settlement in any way that it wishes. Partnership Protection Cover

On the death or critical illness sustained by a company director there is an immediate lump sum paid to the

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survivors or to the company to secure the survival of the business The combination of Life Cover, Critical Illness Cover and other valuable benefits guarantee security and peace of mind for the business and the family on the sudden illness or death of a director. Kidnap, Ransom and Extortion Covers kidnapping/alleged kidnapping, personal extortion, property extortion, wrongful detention, and hijacking Cyber Risks/E-Business Insurance Cyber risks insurance protects a company against financial loss as a result of loss or damage following a hack attack or receipt of a virus attack to its computer system. Cover includes:

Cost of clean up Loss of profits Defamation 1st and 3rd Party risks

Please call us for more information on any of our Insurance or Surety Services.

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