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   Saturday, August 23, 2014

Aster Capital, Inc.


Answers to the Most Frequently Asked Questions...

             What types of Proof of Funds accounts can be provided?
             What is a Verification of Deposit (VOD)?
             What is a Telex message?
             What type of SWIFT message is available with our POF accounts?
             What is the SWIFT messaging system?
             What is the SWIFT SCORE program?
             What is a SWIFT MT999 message type?
             What is a SWIFT MT799 message type?
             What is a SWIFT MT760 message type?
             What is the procedure for opening a Proof of Funds account?
             What are the minimum and maximum amounts available?
             How long can the account can be kept open for Proof of Funds uses?
             What happens to the Underwriting Fee if the account is not opened?
             Can the Arrangement Fee be placed in Escrow?
             Can the Arrangement Fee be paid after the account has been opened?

 What types of Proof of Funds accounts can be provided?

         We can arrange a Money Market Account at a multi-billion
         dollar U.S.vencap firm. Written Verification of Deposit (VOD) is available, as well as
         account statements and access to an on-line account summary. Confirmation letters, verbal
         and fax verification are also provided. SWIFT MT999 messages to SWIFT SCORE member
         banks providing account status and transaction details are available at additional cost.

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 What is a Verification of Deposit (VOD)?

          It is a document signed by a company's or individual's financial institution that provides
          verification of the balances in their financial accounts. A written Verification of Deposit
          will adequately serve the majority of Proof of Funds requirements. Other types of
          confirmations done with direct-to-bank SWIFT messages are most commonly used for
          verifications tied to buy/sell transactions and have special account set-up procedures that
          are available at additional cost.

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    What is a Telex message?

          A Telex message is a message sent on a secure communications network between two
          companies, financial institutions or banks that are members of the Telex network. The
          messages are typically sent between two Telex compliant teletypewriters or via
          electronic interface to, or from, Telex compliant typewriters. The Telex network, originally
          established in 1933, was used as the secure communications network for financial
          transactions between banks prior to the creation of the SWIFT network in 1977.

          The Telex network is still widely used today in both the commercial and banking industries,
          and may sometimes be suitable for use in communicating an account verification for
          Proof of Funds uses. You should check with your transactional partner to determine
          if a Telex message is acceptable, so that you can avoid SWIFT messaging costs.

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      What type of SWIFT message is available with our POF accounts?

             The SWIFT MT999 message format is used with the POF accounts we arrange. The
             message can be transmitted to any SWIFT member bank that is part of the SWIFT SCORE
             program. SCORE member banks are located in countries that are part of the
             Financial Action Task Force, which is an inter-governmental body whose purpose
             is the development and promotion of policies, both at national and international levels,
             to combat money laundering and terrorist financing. Additional costs apply.

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     What is the SWIFT messaging system?

             S.W.I.F.T. ("Society for Worldwide Inter-bank Financial Telecommunication") provides
             mechanisms for electronic inter-bank messaging and funds transfer. SWIFT messages
             are used legitimately to conduct business between transactional partners. The SWIFT
             system was established in the early 1970's by a group of European banks who until that
             time had been conducting business together via telex and courier.

             SWIFT provides for a number of different message types and purposes. Each type
             of SWIFT message is pre-defined and follows a specified format. All SWIFT messages
             must adhere to these established forms or they will be rejected by the receiving bank.
             There are nine (9) SWIFT message categories with multiple message types in each.

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     What is the SWIFT SCORE program?

             SCORE is a program that allows SWIFT messages to be sent to participating SWIFT member
             banks that are located in countries that participate in the Financial Action Task Force (FATF).
             The FATF is an inter-governmental body whose purpose is the development and promotion
             of policies, both at national and international levels, to combat money laundering and
             terrorist financing.

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     What does the SWIFT MT999 option provide?

             Account confirmation with a SWIFT MT999 allows direct-to-bank SWIFT electronic verification
             for Proof of Funds requirements and transactional details. This SWIFT format is an appropriate
             message for communicating Account Status information and it is part of the Common Group of
             SWIFT formats providing a General Free Format for SWIFT messaging.

             There is no minimum account size for a SWIFT MT999. Additional costs apply.

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     What does the SWIFT MT799 option provide?

             Account confirmation with a SWIFT MT799 allows direct-to-bank SWIFT electronic verification
             for Proof of Funds in compliance with the SWIFT Category 7 "Documentary Credits & Guarantees"
             message types. Often there is a misconception that a particular circumstance requires a
             SWIFT MT799 message, when in fact, the SWIFT MT999 format provides the required account
             confirmation for the account or transaction details.

             There is no minimum account size for a SWIFT MT799. Additional costs apply.

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     What does the SWIFT MT760 option provide?

             A SWIFT MT760 message type allows direct-to-bank SWIFT electronic communication
             for the guarantee of the transactional details contained in the message by the financial
             institution where the client's account resides.

             There is no minimum account size for a SWIFT MT760. Additional costs apply.

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      What is the procedure for opening a Proof of Funds account?

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     What are the minimum and maximum amounts available?

             The minimum account size is $500,000 and the maximum account size is $2 billion. We can
             syndicate larger accounts from our "investor pool" upon request.

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     How long can the account can be kept open for Proof of Funds uses?

             Standard terms are for 30 days; however. custom lengths from 15 days to one (1) year
             can be arranged. Discounted rates are avialable for longer term accounts.

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 What happens to the Underwriting Fee if the account is not opened?

         If, in the unlikely event we fail to open the Proof of Funds account under the provisions of the
         Term Sheet and the Principal Agreement, the Underwriting Fee is promptly refunded.

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 Can the Arrangement Fee be placed in Escrow?

         Optionally, the Arrangement Fee can be deposited in a Trust Account with a licensed
         third-party Escrow Agent and the Fee is not released until it is confirmed that the
         account has been opened. In the unlikely event the account is not opened, the Arrangement
         Fee is returned by the Escrow Agent.

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 Can the Arrangement Fee be paid after the account has been opened?

         No, the Arrangement Fee must be placed in an Escrow Trust Account before the Proof of
         Funds account can be opened due to the significant costs incurred to open the account, and
         to insure mutual protection for both parties.

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