BUYER'S LETTERHEAD LETTER OF INTENT (MEMORANDUM OF UNDERSTANDING) TO: ATTN: , 2009 ACQUISITION OF TOP 25 WESTERN EUROPEAN — MTNs 50 BILLION USD RAE 30+1 -10YR, 7'/:% EUROCLEAR, MT103/23 or FED WIRE TRANSACTION CODE: SELLERS CODE: BUYERS CODE: SECURITY CODE: I, Mr , as authorized signatory for , and (or) its assigns or corporate representatives, under penalty of perjury, hereby confirm with full legal and corporate responsibility, that we are ready, willing and able to undertake for the exchange of the herein described Medium Term Notes ("MTNs") derived from legal sources and of non-criminal origin through our banking resources under the terms and conditions stated herein, against clean, clear, good and of non-criminal United States Dollars. BANK INSTRUMENT DESCRIPTION INSTRUMENT ISSUANCE TERM INTEREST CATEGORY CONTRACT SIZE FIRST TRANCHE FURTHER TRANCHES CONTRACT START INVOICE PAYMENT INVOICE PRICE COMMISSION/FEE DENOMINATIONS : Medium Term Notes (CASH BACKED) : Top 25 West European Banks (Exclusions Allowed) : Ten (10) years and One (1) day : 7.5% payable annually : Fresh Cut : 50 Billion US Dollars with R & E : Five Hundred Million USD (US$500-M) : To Be Agreed : MT103-23 conditional movement of funds ($500 M USD) : MT103 or Fed Wire : Thirty percent plus one percent (30% +1%) of face value or better. : 1% shared equally between Buyer and Seller Side consultants at .50% each side. USD IOM, 20M, 50M, 100M TRANSACTION PROCEDURES 1. Buyer issues and delivers this fully signed LOI/MOU in English with full banking co-ordinates, Client Information Sheet, Corporate Resolution, Passport Number, Non Solicitation, Fee Protection Agreement and proposed tranc he schedule. 2. Seller accepts and countersigns the LOI, making this a binding MOU ("Memorandum of Understanding"), complete with Seller's banking co-ordinates. Buyer's Initial: Seller's Initial EFTA00585724