GENERAL

The Endowment Policy Purchasing Company Limited ("IFG TEPPCo") deals with sellers and buyers on an "execution-only " basis. IFG TEPPCo does not advise as to the merits or suitability of any transaction. The client 's decision to enter into a transaction is based on the client 's own independent judgment or the advice received from the client 's Independent Financial Advisor. TEPPCo is independent and therefore does not represent any Insurance Company. No investment or taxation advice is provided.

• IFG TEPPCo arranges the purchase and sale of marketable with profit endowment policies ("Policy " or "Policies ") for third parties, which may include connected persons.
• IFG TEPPCo acts on an execution-only basis. No review of client 's investments is undertaken. No investment or taxation advice is provided.
• IFG TEPPCo is regulated by and bound by the rules of the Irish Financial Services Regulatory Authority.
• The client and its agents have a right to inspect, at our offices, copies of any documentation or computerised records relating to transactions effected with them or on their behalf. Records will be kept in compliance with the rules of the Irish Financial Services Regulatory Authority.

IFG TEPPCo sell marketable with profit endowment polices on the following basis:

1. Any contract for the sale of a policy is subject to IFG TEPPCo/our clients obtaining prior verification of all details that may be required and subject to the production of all documents of title, including previous assignments, notices, charges, releases and completion of an assignment in a form acceptable to IFG TEPPCo/our clients.
2. A cancellation fee may be charged in the event that the buyer withdraws from the arrangement to buy the policy at any time after receipt by IFG TEPPCo of the contract of sale. The fee may be calculated with reference to any fees incurred or work undertaken in connection with the proposed transaction
3. Any contract with IFG TEPPCo shall be governed by Irish Law and any proceedings in connection with a contract must be brought in a court in the Republic of Ireland
4. Any complaint may be made in writing to the Compliance Officer, IFG TEPPCo, IFG House, Booterstown Hall, Booterstown, Co. Dublin, Ireland or by telephone to ++353 1 275 2900, or alternatively to the Irish Financial Services Regulatory Authority.

IFG TEPPCo purchase marketable with profit endowment policies on the following basis:

1. All information supplied by or on behalf of the seller is correct and complete, and the seller will provide the authority required to verify such information;
2. The policy is free from any undisclosed charges, loans, third party interests or other claims and title to the Policy is acceptable to IFG TEPPCo and/or the purchaser;
3. The policy and any documents of title (together with a record thereof) may be held by IFG TEPPCo or its appointed solicitor in safe-keeping until completion of the sale;
4. The purchase is conditional upon the existing bonus rates quoted by the insurance company being unaltered at the completion date. All taxes and duties payable are the sole responsibility of the seller. Any unpaid premiums due up to the date specified on the letter of offer will be deducted from the completion monies paid to the seller.
5. Payment will only be made following replies satisfactory to IFG TEPPCo to all enquiries and upon receipt of (a) the originals of the policy and all other documents of title (including any discharges or disclaimers which may be required;(b) a duly signed and witnessed deed of assignment; and (c) receipt of cleared funds in settlement of the full sale price from the purchaser, if the purchaser is a third party.
6. The seller will do whatever is necessary to give full effect to the sale and the continuing validity of the policy and will, at his or her own expense, do whatever is necessary including, but not limited to, the execution of such further documents as may be required to give full effect to the assignment;
7. If the seller does, or becomes aware of, anything which may invalidate the policy or diminish its value, he/she will immediately notify IFG TEPPCo in writing, remedy the defect at his/her expense and indemnify IFG TEPPCo against any resulting loss howsoever arising;
8. IFG TEPPCo is not responsible, directly or indirectly, for any adverse tax or other consequence suffered by the seller, howsoever arising;
9. The amount quoted in the letter of offer is the amount, net of all charges (including any intermediary commission, IFG TEPPCo brokerage and legal and other incidental costs associated with the sale of the policy) which IFG TEPPCo expects the seller to receive for the sale of the policy, subject to satisfaction of the conditions No.5.
10. Any complaint may be made in writing to the Compliance Officer, IFG TEPPCo, IFG House, Booterstown Hall, Booterstown, Co. Dublin, Ireland or by telephone to ++353 1 275 2900, or alternatively to the Irish Financial Services Regulatory Authority.

There are certain circumstances listed below under which it may not be possible for IFG TEPPCo to proceed with the purchase of a policy

1. The policy has been altered at any time since inception
2. The policy was originally written by a life office which has subsequently been taken over and the contract has been prepared in the name of the latter office and not the original
3. The seller of the policy is currently bankrupt or for any other reason does not hold unencumbered title to the policy.
4. The policy falls within any of the following characteristics; Unitised or unit linked policies, flex endowments or similar, the policy is written under trust, Friends provident table 72 multiendowment policies, Table 37 Flexible saving plan, Legal & General E and Additional Mortgage Plans.