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18 <br /> > . , <br /> ~ <br />" <br />o ~ <br />-4 <br />~ <br /> r <br /> <br /> <br /> <br /> 0 <br /> r ~ . <br /> <br /> <br /> ~ ~ <br /> Y b <br />This proposed structure maybe modified from time to tune based upon the <br />review and advice of counsel. <br />LOAN COMMITTEE <br />The Board of Directors of the <br />Company will serve as a committee of the whole and as such will serve as the <br />Loan Committee. The Loan Committee Chair shall generally monitor the duties <br />of the Loan Program administration; make sure loan proposal packages are <br />properly prepared prior to their presentations at Loan Committee meetings; and <br />over-see the preparation of commitment letters to approved borrowers. Such <br />commitment letters will be signed by the Chair. <br />The Loan Committee will have the following responsibilities: <br />1. Find creative ways. to utilize loanable funds to stimulate successful small <br />business development and job creation. <br />2. Meet monthly to review loan applications and determine which requests <br />will be approved and under what terms and conditions. <br />3. Periodically review status of existing loans and recommend appropriate <br />corrective action or special monitoring where needed. <br />3 <br />