45 Out en Money Tmsf SI 73 332 00 08-17 Cash `dent Ttyfr Dr (5250,000.00 ) 08-20 Cash hIsimi Tryfr Dr (52.000000.00 ) 08-20 Outgoing Money Trasf (5250,000.00 ) 08-21 Outgoing Money Trint (5400.000.00 ) Interest Calculation Annual Percentage Yield Lamed 0.90% Interest Earned This Period

4. The terms are 0% managemen= fee and 20% carried interest. As usual, the timi=g on this is quite short. We would be happy to discuss this deal and Trasf=rwise's recent performance with you by phone in the next few days if y=u have an interest in digging in further. Thank y=u, Andrew & James ple