Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands National Insurance Company is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 Budget $ 2010/11 Forecast $ Revenue 55,390,264 49,085,055 Operating Expenses 58,750,930 51,510,058 Net Surplus/Deficit (3,360,666) (2,425,003) Balance Sheet 2011/12 Budget $ As at 30 June 2011 $ Assets 13,938,977 17,940,667 Liabilities 8,644,201 9,285,225 Net Worth 5,294,776 8,655,442 Statement of Cash Flows 2011/12 Budget $ 2010/11 Forecast $ Net cash flows from operating activities (2,752,839) (3,245,413) Net cash flows from investing activities (3,000) (734,528) Net cash flows from financing activities 0 (1,424,712) 97 2011/12 Ownership Agreements

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 2007/8 Budget $ 2010/11 2006/7 Forecast $ Revenue 55,390,264 49,085,055 34,741,262 30,263,264 Operating Expenses 58,750,930 51,510,058 34,608,800 30,428,263 Net Surplus/Deficit 132,462 (3,360,666) (2,425,003164,999) Balance Sheet 2011/12 Budget As at 30 June 2008 $ As at 30 June 2011 2007 $ Assets 13,938,977 17,940,667 11,081,982 9,302,154 Liabilities 8,644,201 9,285,225 10,497,733 9,350,368 Net Worth 5,294,776 8,655,442 584,248 (48,213) Statement of Cash Flows 2011/12 2007/8 Budget $ 2010/11 2006/7 Forecast $ Net cash flows from operating activities (2,752,839) (3,245,413) 801,673 1,920,761 Net cash flows from investing activities (3,00059,000) (734,52813,160) Net cash flows from financing activities 0 (1,424,712) 97 2011/12 Ownership Agreements500,000 4,000,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands National Insurance Company Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 Budget 2006/7 $ 2010/11 Forecast Estimated Actual 2005/06 $ Revenue 55,390,264 49,085,055 3,186,176 2,337,872 Operating Expenses 58,750,930 51,510,058 2,944,281 2,115,500 Net Surplus/Deficit (3,360,666) (2,425,003) 241,895 222,372 Balance Sheet 2011/12 Budget As at 30 June 2007 $ As at 30 June 2011 2006 $ Assets 13,938,977 17,940,667 26,331,180 19,400,511 Liabilities 8,644,201 9,285,225 19,629,277 12,940,503 Net Worth 5,294,776 8,655,442 6,701,903 6,460,008 Statement of Cash Flows 2011/12 Budget 2006/7 $ 2010/11 Forecast 2005/6 $ Net cash flows from operating activities (2,752,839) (3,245,413) 84,836 251,515 Net cash flows from investing activities (3,0008,903,536) (734,5285,657,975) Net cash flows from financing activities 0 6,719,277 (1,424,712) 97 2011/12 Ownership Agreements31,441)

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands National Insurance Company Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 Budget 2005/6 $ 2010/11 Forecast 2004/5 $ Revenue 55,390,264 49,085,055 3,355,537 8,033,788 Operating Expenses 58,750,930 51,510,058 3,258,057 7,895,449 Net Surplus/Deficit (3,360,666) (2,425,003) 97,480 138,339 Balance Sheet 2011/12 Budget $ As at 30 As at 30 June 2011 June 2006 2005 $ $ Assets 13,938,977 17,940,667 21,929,081 19,196,200 Liabilities 8,644,201 9,285,225 15,565,441 12,929,441 Net Worth 5,294,776 8,655,442 6,364,240 6,266,760 Statement of Cash Flows 2011/12 Budget 2005/6 $ 2010/11 Forecast 2004/5 $ Net cash flows from operating activities (2,752,839) (3,245,413) 279,556 349,758 Net cash flows from investing activities (3,00010,472,363) (734,5284,327,664) Net cash flows from financing activities 0 (1,424,712) 97 2011/12 Ownership Agreements2,636,000 11,352,590

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows. Operating Statement 2011/12 Budget 2004/5 $ 2010/11 Forecast 2003/4 $ Revenue 55,390,264 49,085,055 16,733,385 504,161 Operating Expenses 58,750,930 51,510,058 (16,618,187) (1,683,751) Net Surplus/Deficit 115,198 (3,360,666) (2,425,0031,179,590) Balance Sheet 2011/12 Budget As at 30 June 2005 $ As at 30 June 2011 2004 $ Assets 13,938,977 17,940,667 6,951,423 3,000,000 Liabilities 8,644,201 9,285,225 (2,736,225) 0 Net Worth 5,294,776 8,655,442 4,215,198 3,000,000 Statement of Cash Flows 2011/12 Budget 2004/5 $ 2010/11 Forecast 2003/4 $ Net cash flows from operating activities 2,851,423 (2,752,839) (3,245,4131,179,590) Net cash flows from investing activities 0 (3,000) (734,528250,000) Net cash flows from financing activities 0 (1,424,712) 97 2011/12 Ownership Agreements1,100,000 4,179,590