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• Dear Sirs, Please allow this letter to serve as Carroll Hall Capital notice of intent to procure an irrevocable standby letter of credit that you shall arrange in the sum of US$XX million for a term of one year at a fixed rate of 18% per annum to be prepaid in advance. In exchange for the credit facility and upon the execution of the required documentation, we shall remit the sum of US$X million to the agreed upon escrow account. We understand that our funds shall be held in escrow pending our receipt of the US$XX million standby letter of credit. Sincerely, undersigned 2.) Client Information Profile for the Applicant - Exact legal name of company - Address - Telephone - Fax - Email - Exact legal name of signatory - Certificate of Incorporation, dated and stamped - Corporate resolution that identifies the officers approved to enter into this contract - Enlarged copy of the passport of signatory 3.) Information on the Beneficiary - Exact legal name of beneficiary - Address - Telephone - Fax 4.) Bank information of the Beneficiary - Name of Bank - Address - Name of bank officer - Telephone number and fax - SWIFT Code - Title of Beneficiary bank account - Account number 5.) Proof of funds - Recent official bank account statement (less than 30 days old) from or on behalf of the Applicant - Most recent 10K, 10Q or CPA reviewed financial statements.