“Refinance” loan

1

Product Name

Refinance

2

Borrower

Business entities purchasing the outstanding loan debt balance

3

Loan Purpose

Purchase of the outstanding loan debt balance

4

Loan Amount

up to UZS 10,000,000,000.0

5

Loan Currency

In national currency

6

Loan Term

Up to a term not exceeding the term of the existing loan agreement

7

Grace Period

If the grace period on the principal debt has not yet expired, a grace period may be added (the total grace period must not exceed 12 months)

LOAN INTEREST RATES

a

Interest Rate on the Loan

The interest rate is determined by the Banking Service Office (BSO) based on the borrower's financial standing and the security provided.

At a rate of not less than 20% per annum

Cash Turnover Requirement

For clients whose average monthly cash receipts from business activity over the last 12 months amount to not less than 30% of the loan amount being acquired (export receipts are also taken into account)

b

Interest Rate on the Loan

The interest rate is determined by the Banking Service Office (BSO) based on the borrower's financial standing and the security provided.

At a rate of not less than 21% per annum

Cash Turnover Requirement

For clients whose average monthly cash receipts from business activity over the last 12 months amount to not less than 25% of the loan amount being acquired (export receipts are also taken into account)

c

Interest Rate on the Loan

The interest rate is determined by the Banking Service Office (BSO) based on the borrower's financial standing and the security provided.

At a rate of not less than 22% per annum

Cash Turnover Requirement

For clients whose average monthly cash receipts from business activity over the last 12 months amount to not less than 20% of the loan amount being acquired (export receipts are also taken into account)

8

Security Requirement

In the form of security not prohibited by law (real estate, motor vehicle, insurance policy, third-party suretyship), whereby the portion of the loan secured by pledged property must cover 100% of the loan amount

9

Real Estate Requirements

— the pledged property must be non-residential and/or residential premises (provided no one is registered in the residential premises);

— must be free of other pledges (except where the property is already pledged under the loan being acquired by this same client).

10

Requirements for Motor Vehicle Pledge

— motor vehicles accepted as collateral must be no more than 5 years old from the year of manufacture (special equipment subject to registration with the State Technical Inspection Department shall not be accepted as collateral);

— must be free of other pledges (except where the property is already pledged under the loan being acquired by this same client).

11

Acceptance of an Individual's Suretyship

An individual's suretyship may be accepted only as additional security (it is recommended to accept as security the suretyship of the company's founders, the company's director, and other persons of influence)

REQUIREMENTS FOR THE BUSINESS ENTITY

Business Activity Requirement

The period of operation must be at least 12 months

Account Requirement

At the time of loan disbursement — for clients whose secondary deposit account is at the Banking Service Office disbursing the loan (subject to subsequent transfer of the primary deposit account)

Requirement for Account Status

No debt in Card Index No. 2

Account Turnover Requirement

The account must show continuous cash receipts from business activity over the last 6 months, sufficient to cover the loan and the interest accrued thereon

Accounting Balance Sheet and Financial Results

An illiquid balance sheet and loss-making results in the latest financial statements are not permitted (the annual and operational balance sheet for the latest period are taken into account)

Requirement for the Obligations of Business Entities

— no overdue debt under existing loans;

— no overdue accounts receivable or payable.

Requirement for Credit History

The Borrower must have no outstanding overdue debt, and no continuous overdue debt exceeding 20 calendar days over the last 6 months