How to use your best customer\'s promise to pay, as collateral fund your contract at around 10% APR.

1. Benefits of Investment Grade Irrevocable Guarantor (“IGIG”) financing
If you have a project with a Moody’s or S&P rated Investment Grade customer, such as a
government body or large corporation wishing to provide exclusive representation of your
marketing, our financing is flexible and less expensive than conventional financing.
No Surprises:
• Competitive, institutional pricing reflective of credit quality. Rates are currently
fixed in the single digits.
• All lender closing costs (“points”, “fees”, etc.) are included in fixed price quote.
• Private placement with off balance sheet structures available
Creative Repayment options:
• Repayment terms syncopated with a project’s economics.
• Single payment 3-5 or 7 year repayment structures also available.
Preserves Equity for management:
• No requirement to issue equity or deal with Venture Capitalists
• 100% Term debt financing available.
• Terms can permitting additional loans for Tax-Exempt IRB or bank loans on
Equipment and Real Estate for 150% of costs and payment reserves. ( See Page 3 for
details).
• No credit committee review and no road show
• No financial or maintenance covenants
• No post funding reporting requirements
STRAIGHT FORWARD PATH TO FUNDING
• Proof of IGIG support
• Completion of project data sheet and subsequent due diligence
• Conference call to discuss details of project with principals involved
• Yes or no to funding request
• Legal document negotiation
• Closing date scheduled
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Affiliated Financing, LLC. 2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169
Office: 847-884-8686 Fax: 847-884-8688 Email: Jim@Affiliatedfinancing.com

2. Benefits of Investment Grade Irrevocable Guarantor (“IGIG”) financing
AFS Bank Venture/Investors
Funding Applications M&A, infrastructure, Traditional Expansion/Growth/Mezzanine
energy, monetization
of financial
instruments, capital
goods finance, R&D,
tangible and intangible
assets
Funding Scope $5M - $100M, Limited by Highly variable and dependent on fund
no upper limit department and credit size
depending on review committees
creditworthiness
Accounting Structure Creative & Flexible Debt only Convertible debt & equity
Fees None YES, closing & YES (Hidden)
renewable
Time 2 – 4wks 90+ Days 6mos – 18mos
Post Funding Reporting None Quarterly Monthly/Daily
Repayment Structure 1-15 years Restrictive/Rigid 5-7years 10x IRR expectation
Flexible/Deferred until
maturity
Covenants & Reporting None Restrictive/Rigid Extensive and complicated
to Credit Agencies
Security/Collateral Assignment of 1st Lien position on Control
unconditional promise tangible assets
to pay from
creditworthy entity
Oversight None Audits, frequent Board representation
reviews – life of loan
Documentation Efficient – prepared in- Litigious and Litigious and Expensive
house Extensive
Relationship Dynamic Team/Collegial Supportive Adversarial
relationship manager ,
adversarial senior
management
Page 2 of 3
Affiliated Financing, LLC. 2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169
Office: 847-884-8686 Fax: 847-884-8688 Email: Jim@Affiliatedfinancing.com

3. Benefits of Investment Grade Irrevocable Guarantor (“IGIG”) financing
Tax-Exempt Industrial Revenue Bonds.
Every successful businessperson looks for a competitive edge against Non-money center
banks. Tax-exempt bonds for manufacturing firms (IRB’s) or for 501 c3 entities can give you
a 250 basis point (under Prime) edge and still achieve your production quotas and bonuses.
Carroll Financial Group, Inc. (CFG) has been in business since January 1, 1980 and worked
with Affiliated Financing since 1995. Since that time, we have successfully represented our
clients in placing more than $1.5 billion of tax exempt loans.
We never cease to be amazed by the lack of knowledge in the marketplace. Many projects
that might qualify and benefit substantially are never even offered tax-exempt financing by
their bankers. Some borrowers have heard “horror stories,” especially about third-party fees
while others receive faulty advice from their lawyers, accountants, real estate agents, etc.
Those borrowers that do take advantage enjoy very substantial interest cost savings, and
thus increase cash flow and profits.
CFG will provide a borrower with the best possible financing at the lowest possible cost with
the least amount of inconvenience and time.
Many borrowers know that a great many tax exempt loans fall apart before closing – costing
tens of thousands of dollars in fees and major embarrassment. This has never happened to a
loan with which we have been involved.
This is what we do:
1. We obtain the Inducement Resolution. We attempt to deal with the issuer that
can act the quickest at the lowest cost. At some point, availability of volume cap
may be an issue, and, if there are political difficulties, we have been able to avoid
them;
2. We assemble the entire “team,” including Bond Counsel, Investment Banker,
other counsel, etc. – the value of professionals who have already worked together
cannot be overstated. This allows us to adhere to a strict time schedule, and,
keeps third party fees in line;
3. When unforeseeable problems occur as they always seem to, it is our task to see
that they are solved;
4. At closing, we understand how to allocate costs so that the largest possible
amount can be included in the tax-exempt loan; and
5. If there are substantial “bad” costs or other items that cannot be included in the
tax-exempt loan, we know how to create a taxable “tail” and how to coordinate
the amortizations.
We will be pleased to answer any questions.
Page 3 of 3
Affiliated Financing, LLC. 2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169
Office: 847-884-8686 Fax: 847-884-8688 Email: Jim@Affiliatedfinancing.com