FREQUENTLY ASKED QUESTIONS

(General Terms and Conditions of Business)

The INSPIRED Project FUNDING, LLC, complies with:

- the USA Investment Advisory Act 1940

- the Foreign Corrupt Practices Act (FCPA)

- the Sarbanes-Oxley Act 2002

- US Federal Money Laundering regulations under US banking regulations

- the Financial Services & Markets Act (FSMA) 2000

- the Dodd-Frank Act 2010 (Wall Street Reform & Consumer Protection Act)

- the Law on Investment and Enterprises 2014

- the laws of the UK Bribery Act 2011, which prohibits:

The bribing of another person, the bribing of foreign officials, failure of a commercial organization to prevent bribery.

You may note that we have not, in the past, ever been involved in projects which are unprofitable or not feasible.

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Currently receive around 10 to 70 project finance applications monthly, and we strive to
personally discuss each application with each prospective developer, either by phone or in
separate meetings, before a project site visit has been arranged.

Without any contractual agreements, we are regrettably unable, to engage in drawn out
communication with an applicant. In regards to queries, not relating directly to a specific
finance application, neither are we in a position to respond to queries asking if we can meet
first for a “coffee” to chat about or explain our project.

Our project evaluation and communication process follows logical lines, as outlined below:
Simply request a project application form and our NDA agreement.  Fill it out and we’ll be in touch!

It requires about 3-10 working days (numerous security checks) to initially process a project
finance application. The standard timing from application to funding is between 12 and 120
days, but is not guaranteed.

These security checks include:

a. Type of industry

b. Size of project

c. Political structure prevailing in the country at the time of application

d. Economic situation prevailing in the country at the time of application

e. Social/ cultural situation prevailing in the country at the time of application

f. Religious structure prevailing in the country at the time of application

g. Exposure to terrorism

h. World Bank/European Central Bank/ International Monetary Fund - financial rating of country

i. Military risk assessment

j. Natural disaster assessment

k. Seismic risk assessment

l. Health/ fatal disease risk assessment

m. Currency stability risk assessment

n. Regulatory approvals risk


Project finance application forms, which are not fully filled out, cannot be processed.

Applications which are not accepted by us, for the reasons stated, will be communicated to
the applicant in writing.

Once a project finance application is approved by us, to proceed, the process is as follows for
all INTERNATIONAL DEALS. We are unable to deviate from this procedure when the projects
are outside the USA:

1) The client receives a standard letter explaining initial procedures, timings and the
forthcoming site visit procedures; a dateline is set for the first site visit period (project
inspection).

2) A site must be visited and ownership must be proven by the applicant.

3) We must meet the Client on site and view the site, (a legal requirement).

4) Our international standard letter of introduction mandates that any new prospective client has to prepay flight and related expenses for a site visit. Once the client has agreed to dates, they will receive an elaborate written Meeting Agenda with which to proceed on our site visit.

a) They also have to sign a confidentiality / non-disclosure / non-circumvention agreement, to
protect mainly their interests at this early stage.

b) The above demands ensure that the client really believes he has a project and does not
just dream or speculate. We, on the other hand, ascertain beforehand whether a project is
worthwhile to pursue, as we do not wish to waste our time or the client’s money and time.

c) We do not proceed to a site visit, unless ALL economic/ financial/ political/ logistical -
indicators are positive and meet our requirements. This serves to ensure financial independence and avoid suspicions of upfront payment costs.

5) The 1st Project Site Visit, by at least one of our senior executives, remains mandatory for legal reasons and serves to:

a. Meet the client, his partners/management team and physically verify the accuracy of the project ideas proposed,

b. View the site, and its surroundings, together with the client,

c. Meet local officials and to ascertain to what extent this project is known of and welcomed,

d. View all plans/studies/documents/drawings/tests/surveys, as completed and available, and enquire about planning and building laws in force locally.

e. Confirm all future procedures/ timings/ requirements with the client as well as assisting in determining the future development costs and timing issues.

6) A pre-paid Business Class airfare ticket(s) and local site visit costs are to be paid for by the
client, covering one or two of our executives. These are not "upfront costs" but are security
costs, and these costs are fully refunded, if and when we enter into any contractual
relationship thereafter.

a) Our executives do not fly Economy Class, nor do we accept hotel/flight package deals.

b) Once the Business Class flight fare has been pre-paid to our travel agents, we issue a
written site visit agenda and forward a corporate information package with written client
references and other related material.

c) IATA rules state that it is not possible to accept pre-paid air tickets from overseas, since
under IATA airline carrier rules a passenger is not supposed to travel on a ticket which was
not originally issued at his domicile, to where he must return. Warsaw Act Convention rules
are applicable.

Also, our international health insurance provider has advised that any insurance cover would
be null and void if a passenger was traveling on a non-IATA airline issued ticket, thus breaking
travel insurance cover regulations, which had not been issued at the domicile of the
passenger.

We would be the first to accept pre-paid and/or pre-arranged flight tickets from clients as
obviously, those can be obtained much cheaper from the country of origin.


Unfortunately, airlines protect their pricing policy by forcing us to purchase tickets from the
destination of our legal residence. These fares are referred to as "published fares" and are
consequently more expensive than the air fares available from a client's location.

Furthermore, in today’s climate of terrorist threats worldwide, many airlines have ruled that air
tickets may only be issued in the passenger’s country of residence, and many countries have
enacted terrorism legislation to this effect.

As a result of all these factors and the threat of terrorism, we have been obliged to implement
strict procedures globally on the purchase of flight tickets for site visits, and we would ask you
to follow these procedures, in order to facilitate the organization of the proposed site visit.

We have been advised by our legal team that health, travel and life insurance cover for our
executives would not be valid for journeys where tickets have been arranged by third parties.

7) Many general project questions cannot be answered UNTIL WE HAVE MET AT THE SITE
VISIT.

8) After completion of a site visit, we issue a written Observation Report, free of charge,
summarizing all our findings and pointing the way forward.

9) We are always prepared to discuss country representations/ agencies, by individuals;
however, this can only take place after a site visit and having met in person.

10) WE DO NOT CHARGE ANY UPFRONT OR HIDDEN FEES


If the client does not accept the loan, WE HAVE NO FURTHER CLAIMS unless specified in the
Engagement of Services Agreement.

We work at our success fee risk only; we do not charge consultancy fees for project finance
either. And we don’t recommend you pay any third party consultancy fees, but if you do
independently, it is at your own risk.

Here are the replies to a number of other related questions you may have:

1) How long have individual INSPIRED Project Funding, LLC., been in business? Since
September 2016.

2) What project industries/ sectors does the INSPIRED Project Funding, LLC., NOT consider
for financing?


i. Projects already partially or fully under construction where the debt can’t be replaced
by a new loan.

ii. Land acquisitions and/or property purchases only - UNLESS project development is added

iii. Projects with zero equity. Ask about strategies to acquire equity.

iv. Proposed sale of property assets

v. Private loans

vi. Debt/Lien settlement

vii. Acquisitions of Shares/Bonds

viii. Buy outs/
Buy ins and/or partner’s equity stake

ix. Angel Investment/Funds

x. Cash Injections/Provisions

xi. Joint venture capitalization/Funds for partnership

xii. Refurbishment only of existing projects

xiii. Project renovations, if the renovation value is less than 80% of the total project value

xiv. Projects with less than
25 year land lease agreements

xv. Mergers stakes

xvi. "Unethical" project proposals

xvii. Costs to meet the re-settlement of residents to another site location

We do not deal with:

a) Invitations to tenders or competitions of any type

b) Joint Venture invitations

c) Requests for proposals (RFP)

d) Requests for information (RFI)

e) Requests for Expressions of Interest (RFEI)

f) Financing participation in Public Private Partnerships (PPP)

g) Advertisements for employment

h) Project quotations/ construction cost estimates/ quantity surveys

i)
Government owned or sponsored projects (we require the Developer to be a corporation)

4) Interest rates can only be determined close to the closing of a loan agreement, and not
before. Future interest rate calculations are set by the World Bank and International Monetary
Fund.

5) Can you provide an estimate of project development costs an applicant will incur before
receiving project finance? NO.


We can only advise on due diligence costs and other project finance costs, to be met by the applicant as part of their future assets, once a site visit has taken place.

6) How much are collateral costs? It is almost impossible to advise what and how much loan
collateral will be, until the project has been assessed by international standard feasibility
studies. Usually, the collateral will be the assets of the project, i.e., land / machinery / etc.

7) What kind of security do you need to give to lenders? They usually take possession of the

land deeds for the duration of the loan period, as well as a first security charge over all other

assets.We do not require personal finance guarantees from developers, unless helping you

secure a small business administration (SBA) loan in the USA.

8) If we already have existing loans, how will INSPIRED Project FUNDING, LLC’s lenders deal
with them? They usually buy out all existing loans, as all our lenders require to hold a “first
security” position over all assets and outstanding loans.

9) The length of time to finance a project, through us, depends upon many factors, including:

a. The availability of acceptable feasibility studies, as outlined/discussed with us at the site visit

b. The physical condition of the site

c. Whether any people have to be evicted or re-settled from the site

d. Whether flooding of the site has been an issue in the past

e. Whether the chosen site has a history of seismic eruptions

f. The depth of the “political” connection of the Developer with local planning authorities

g. The degree of difficulty of a specific project, i.e. more components means more considerations and research = more time

h. The period of time your country’s National or Central Bank requires to receive
incoming foreign funds (various checks for illegal money sources, mafia originating funds;
drugs or crime related funds; money-laundering, etc).

Besides this, there are a few other considerations that we do not regard as particularly time consuming.

We therefore, cannot venture to give a guideline for timing unless we have physically visited
the site, especially if it is an international project. 
The latter is one of the major reasons to determine the planning period timeframe for project
financing. Typically the timeframe is 30-120 days.


10) Is project financing guaranteed? NO.

Projects are always risky financial undertakings and there are many risks a developer cannot
cover, like force majeure, coups d’état, Tsunami, and the like. The probability of your project getting funded depends upon the thoroughness and detail of all feasibility studies.

The format has to conform to international professional associations as well as World Bank/
European Central Bank/International Monetary Fund - standards.

However, since 2016, the commencement of our global commercial existence, the only
projects we have seen fail are due to either force majeure, unexpected seismic events,
misrepresentation, non-disclosure of fraudulent activities by investors, deception or similar.

11) Do you provide a Letter of Comfort (LOC) or Letter of Intent (LOI)? YES, After the first site
visit has taken place and your project has been accepted.

a. We do not issue any LOIs in advance for Government or other security purposes or for
any other reason.

b. We are unable to issue LOIs or LOCs covering projects which we have not inspected
and for which we have received only written information, which needs to be verified by a site
visit. This is one of the main purposes of the proposed site visit.

c. Loan guarantees/ bank guarantees/ letter of comfort/ promissory notes and similar
legally accepted documents are only issued through a loan committee/ loan syndicate/
investors.

12) Can the INSPIRED Project FUNDING, LLC., provide government support letters? NO, not
at any stage.

13) Do you need / accept government or bank guarantees? NO, but sometimes it helps a
specific type of project.

14) Can the INSPIRED Project FUNDING, LLC., provide individual project loan Terms &
Conditions in advance? We are unable to provide specific information on terms and
conditions as we:

a. Have no verifiable information about your project at hand

b. Have not met you or any of your investors/ managers

c. Have not visited and verified the project site

d. Have not perused and advised you about the information you need to provide to us

e. Were unable to enquire about commercial references covering your project

f. Are not aware of the potential profitability/cash flow of the proposed project.

15) What other costs are involved and need to be covered in the initial stages? The developer
has to cover all costs to “bring the project to the financing table”, this means acquisition of the
land, land related tests, surveys, government permits of all types, all feasibility study costs,
document translation costs, etc.

All those are determined and advised upon at the site visit.

Every project needs a developer (corporation). We are only concerned with project finance
issues.

16) Can we provide past client project “financing” references? YES, SOMETIMES.

In some cases, the client does permit this, but it is rare, as clients do not want to discuss their
financial information with outsiders. Written references may be available once a site visit has been agreed, as part of our corporate information pack which is sent to the client.
Previous clients are always bound with us in written non-disclosure documents, lasting for a
number of years, and we have to honor this.

17) Do we pay finder's fees to intermediaries for projects introduced? YES

We do, on a project by project basis, subject to a loan having been concluded and only if
there is a written referral agreement with the said intermediaries from INSPIRED Project
FUNDING, LLC’s president, Todd Gessele.

a) The commission is paid from the INSPIRED Project Funding, LLC’s success fee.

b) Any commissions are paid once a loan has been placed.

18) Who pays the Broker’s commission? Usually, WE DO, subject to individual Commission
Agreements entered into with our Group, unless you the client have signed a third party
agreement directly with a broker.

Brokers often obtain a separate finder's fee/commission fee from a client, in addition to the
commission payable by the INSPIRED Project Funding, LLC through our own success fee agreement or as previously arranged with the lender.

19) Do we permit Brokers/ Representatives to charge an upfront fee/ payment and/or
contract with a project applicant whether or not under the assumption that this will help/
assist a project finance application, or as a prelude to introducing the INSPIRED Project
FUNDING’s project finance services? NO, not under any circumstances.

20) Can we contact the INSPIRED Project FUNDING, LLC with additional questions or can we
meet before a site visit? Yes by phone (503 348-8652) or email
(inspiredprojectfunding@gmail.com). Additional questions will be answered and solved
during the site visit by INSPIRED Project FUNDING, LLC or its designated and preferred third
party lending agent.

We are unable to discuss critical project application matters by telephone or by Skype, due to the lack of a written record. We do value our relationships and like to talk about projects. You'll find us very accessible most days.

21) Can we advise the project financing costs in advance? NO, we cannot, as too many factors
are involved, which need to be clarified at a site visit first and thereafter we can provide a
broad indication only.

22) Can we send Business Plans/other documents to the INSPIRED Project FUNDING, LLC
prior to the site visit? YES, but these often can be viewed onsite; we prefer to preview the
documents then visit the site and meet the developers.

23) Can the INSPIRED Project FUNDING, LLC., finance/participate or pay for initial
developer’s costs? NO

a. We cannot for legal and ethical reasons, and to avoid any Conflict of Interest.

b. We do not accept any commissions/ payments and/or gifts during the project finance process.
c. This would render our ability to approve and process project loans as invalid.

24) Can the INSPIRED Project FUNDING, LLC., share developers’ costs or enter into a Joint
Venture, from the start? NO,

We cannot, for the reasons explained above in no (23). This would interfere with our
independent role in approving project documentation for financing.

25) Does the INSPIRED Project FUNDING, LLC., demand or accept any commission payments
from lenders/Intermediaries/others, during the process of arranging project financing? NO,
not under any circumstances. Term sheets and signed agreements define what happens at or after closing/funding.

a. Under no circumstances do we accept any inducements/commission from lenders or
any other parties, unless legally negotiated in writing.

b. We act independently from the project applicant and lenders, during this period.

26) Does the INSPIRED Project FUNDING, LLC., advertise its project finance services? NOT

ACTIVELY.

We have no commercial need to advertise, in order to avoid attracting dishonest Spam/

upfront money applicants and/or other dubious operators, and also to reduce/maintain the

level of Spam e-mails we receive daily. Word of mouth and our presence on the internet are

our main form of advertising.

27) Do you deal with “Islamic” finance? NO.

28) Are you registered with Credit Rating Agencies? NO. We do not release privately held

information about any of the INSPIRED Project FUNDING, LLC., to any outside sources/

agencies. This reduces opportunities for fraud, scams or spam emails.

29) What are the “loan to value” ratios required? The most common ones are: 90:10, 80:20,

70: 30, 60:40, but sometimes 100 % project finance can be provided, depending upon the

project type / industry / risk evaluation criteria.

30) Do you provide “Non–Recourse Finance”? YES, some of the lenders we work with provide

Non-Recourse Finance. Others, won’t as their investors wish to be entitled to loan repayments

from the profits of the project, not from other assets of the borrower.

31) Does the INSPIRED Project Funding, LLC., engage other parties to finance projects? YES,
This however, never takes place before a project is signed up to be financed.
Otherwise, this would be unethical and infringe our independent evaluator status.
Only the client maintains the right to accept or reject any of our proposed loan/ lending
parties or deals.

32) How does the INSPIRED Project FUNDING, LLC provide project finance to applicants?

a. We approve all project documentation and then select lenders and family offices to
facilitate the deal.

b. The family offices are made up of various institutions, private and Government
investors.

c. Thereafter, we often propose numerous loan options to the clients/ applicants.

d. In many cases, we oversee the loan development phases

33) Does the INSPIRED Project FUNDING, LLC act as a direct lender?

No. The INSPIRED Project FUNDING, LLC exists to streamline the process and to reduce the
financial lending risks to individual parties. 


34) Under which legal framework is project finance dealt with?

a. Upon submission of loan proposals to the client, loan proposers, brokers and financial
intermediaries need to be advised that the INSPIRED Project FUNDING, LLC will require
direct contact with those involved in the project finance process after its first introduction
whenever possible, so far as the law and third party non-disclosure agreements allow.

b. This requirement is mandatory, in order to comply with the Foreign Corrupt Practices
Act (FCPA), the Sarbanes-Oxley Act, and with US Federal Money Laundering regulations
under US banking regulations. As well as the UK Bribery Act (2011).

35) We do not represent project applicants, neither lenders nor other third parties. We are
independent, reviewing all feasibility studies in order to raise loans.

36) Do we permit a Broker/Commissioned Agent/Representative to charge an additional fee
to a client? YES, in addition to any commissions receivable from us, provided a client agrees
to this beforehand - but ONLY commission fees, not other charges. Should a client may
choose to pay other fees upfront, they do so entirely at their own risk, and are missing out on
the leverage and protection our influence may effect.

There are many other questions we could address, at this stage, but those are really the
purpose of a site visit to be concluded.

If and when, (in exceptional circumstances), our view is that a project will not be able to be
financed, we will state this clearly at the conclusion of the site visit or at the earliest conclusion
date we realize it is clearly a no-go.

Projects which do not appear to be profitable and are not able “to stand on their own feet”
fall into this category.

As we only receive a success fee, we are not in the market to speculate upon opportunities.

We are obviously interested in pursuing projects which indicate commercial opportunities
and those have to be measured by international feasibility standards.

As we are in the business to finance projects, by forming financing syndicates to reduce
capital risks, you will appreciate that our procedures are fair, legally and ethically correct and
we are not interested in applications which do not understand the need for timely and
streamlined procedures.

All communications are issued and/or confirmed, in writing by us, to leave no doubts as
regards what has been said or agreed upon, by the various parties involved.

37) Are brokers/ commission agents/ intermediaries permitted to represent the INSPIRED
Project FUNDING, LLC? NO. Brokers/ intermediaries are simply acting as “introducers".

They are not employed nor formally trained by INSPIRED Project FUNDING, LLC. They act on
their own behalf against referral agreements. We are not responsible for their statements or
declarations.

38) Another question often asked is with regards to Developer’s related research costs? These
can only be determined after a project site visit has taken place, with all due diligence carried
out and completed.

39) Can INSPIRED Project FUNDING, LLC., make use of developers’ feasibility studies and
architectural support materials? YES, provided they conform to World Bank and other
internationally recognized standards.

We receive all types of “Developers’ executed feasibility studies” and support materials. They
come under different names, such as Business Plans, Development Overviews, Summaries of
Projects, etc.

For project lending purposes, feasibility studies/ architectural design concepts have to be
provided at the developers’ costs, constituting part of their assets.

Lenders want to see that developers incur costs and take risks as well. They need to be
convinced about their project ideas.

The problem in attempting to evaluate and approve those studies provided by developers to
us for project financing, are in the main:

a) These feasibilities/studies are not carried out by an independent industry related or
qualified entity,

b) They are often only opinion-based and/or developers were emotionally involved in
the preparation, thus making documents biased

c) Often they are dated,

d) They are not in an English language format,

e) Financial documents are rarely provided on a “revenue inflow” cash flow model, but
on a project model basis (opinions rather than research)

f) Any research carried out previously does not carry footnotes identifying the research
sources used

g) Architectural designs are completed but not based on the Market and Feasibility
research results (they are often just unrealistic pretty pictures/visuals) and are completed
without any project research evidence

h) Feasibility formats are not based upon World Bank/ European Central Bank/ IMF/
other Associations’ criteria, set out for global project financing purposes.

As a result, and this is one of the purposes of our proposed site visits, we can ascertain and
then advise on the feasibility package to be provided by developers, on a case by case basis.
We will always attempt to use as much of a developers’ past information as available, to
reduce costs.

In the end, INSPIRED Project FUNDING, LLC has TO REVIEW ALL FEASIBILITIES, business plans, in order to successfully present to them to investors, so as to confirm accuracy.

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