Page 20 - Presentation - TERM SHEET - Spark Venture Partners LLC

PROCEDURE FOR BUSINESS IMPLEMENTATION

 The “Quality Analysis & Appraisal Reports” prepared for the assets and the “Safe Keeping Receipts” (SKR) issued for their safekeeping form the asset basis for the

lending of the assets.

o Despite the reports prepared, the lenders conduct a further internal compliance and due diligence process with a corresponding risk assessment, which is
carried out according to the lenders' own standards and guidelines. The lenders then determine the loan-to-value ratio based on the assets provided.

o The loan amount depends, among other things, on the following factors:
 If the assets are not located in the lenders' storage facilities but with external custodians, their expertise and legal instructions must be examined/

evaluated.

 What quality characteristics do the assets contain to determine their identity and classification.
 According to which international standards were appraisals prepared for the assets and what professional competence, reputation, references, licenses,

etc. does the appraiser have.

 Do the assets have certificates issued by renowned gemological institutes? If the assets do not have certificates but have so-called SKRs, these SKRs are
subject to certain examination criteria.

 Are there insurance policies for the assets in order to, among other things, meet the criteria of a risk assessment.