Page 3 - Interbay 2nd Charge Consent - Email and Docs

CCONTENTS & SUMMARY

Monkey Puzzle House 2nd Charge Consent Request

PAGE 1 and 2 Emails Between, Rachel Chun Sinclairs Law & Emmie From Interbay Service Team

Interbay's Mortgage Allsops Valuation, see Points 9.0 to 9.7 confirming
Interbay's Unfettered Knowledge of the Existence of Planning and the ultimate
JA APEX
PAGES 3 to 6 understanding that acquiring planning was-and-one of MP Holding's
Fundamental Business Models and mid to long term strategic Profit Centres.

Original, Drawings, Plans and elevations for the Existing 14 Apartment
Pages 7 to 20 Planning, referenced in Allsops Valuation.

New Pre-planning, Initial Draft Drawings for the pending upgrade planning application.
Pages 21 to 30 Floorplans for the 4 floors, 23 Apartments, the new planning when approved, in final
analysis will superseded the original 14 apartment plans. The 2nd charge investment will
be predominantly used for the purposes of acquiring the new upgrade 23 unit planning.

Email reply to Interbay's decision to again to decline 2nd charge consent on the note
Pages 31 to 32 that Interbay's lacked the knowledge of any planning. A phone call with Marion Scutts
and Brandon Ray MP Holdings Director was held..
Mr Ray spoke with Marion Scutts from Interbay to rectify the situation and to advise that the planning was
always known to Interbay and indeed forms part of MP Holdings Business model. It was explained that the
planning is not only absolutely benign in resect of the safety of Interbay's 1st charge equity, but in fact seriously
bolsters and further underpins Interbay's equity position, by substantially elevating the properties underlying
value and in-so-doing further and significantly benefiting the LTV and exponentially reducing Interbay's
exposure and risk. On the same call Marion Scutt asked for a written declaration from Mr Ray to categorically
confirm that no building works would be undertaken on Interbay's equity and that the funds were purely for
the purposes of acquiring and achieving planning permissions, which is 100% the only intent, to gain planning,
this declaration was emailed as seen on the page 32.

The 2nd Charge Consent was again declined see page 36 but this time on the grounds
Pages 33 to 39 that there were arrears on the account and that a legal undertaking was need to ensure
arrears would be cleared and the account would be brought up date to this end an email
was forwarded from Rachel Chun, see pages 34 to 36, comprehensively explaining, firstly the underlying
reasons for the arrears and giving a 100% assured legal undertaking that the arrears of course would be paid,
and furthermore the consent which would allow for the 2nd charge investment, would instantly redress the
balance replenishing the £65,000 investment and resetting the symbiotic relationship between cashflow and
rental income and therein the mortgage payments from that point forward for the foreseeable future would be
comfortably achieved in a timely manner, direct from the rental incomes whilst allowing for further investment
in future highly profitable earnings, via the well-established acquisition of planning on the property.