VOLCAN CAPITAL LTD

APPLICATION TERMS, CERTIFICATIONS AND AUTHORIZATIONS

BUSINESS-PURPOSE CERTIFICATION

Applicants certify that the requested loan is being obtained solely for business, commercial, or investment purposes and that no portion of the loan proceeds will be used primarily for personal, family, or household purposes. Applicants is applying on behalf of the business entity identified in the application and not as an individual consumer. Applicants understands that Volcan Capital LTD and prospective funding sources may rely upon this certification when evaluating, arranging, documenting, and funding the requested loan.

Intended Business Use of Loan Proceeds:
 

ACCURACY AND VERIFICATION OF INFORMATION

Applicants certify that all information and documents submitted with or in connection with the application are true, complete, and accurate. Applicants authorizes Volcan Capital LTD to verify the information provided, including information concerning Applicant’s identity, ownership, business operations, employment, income, assets, liquidity, liabilities, property ownership, project experience, and intended use of proceeds. Applicants agrees to promptly notify Volcan Capital LTD of any material change occurring before closing.
 

AUTHORIZATION TO ACT AS COMMERCIAL LOAN BROKER

Applicants authorizes Volcan Capital LTD (“Broker”) to act as Applicant’s commercial loan broker for the limited purpose of seeking and arranging the business-purpose financing described in the application. Broker may communicate with prospective lenders, capital providers, loan participants, purchasers, servicers, and other potential funding sources; submit the application and supporting documents to those parties; request proposed financing terms; and receive information regarding the processing, underwriting, approval, denial, closing, or status of the requested loan.
 

INFORMATION USE AND SHARING

Applicants authorize Volcan Capital LTD to disclose the application, financial information, supporting documents, and lawfully obtained credit or background information to prospective lenders, capital providers, loan participants, purchasers, servicers, and their respective agents and service providers when reasonably necessary to evaluate, arrange, underwrite, close, service, modify, renew, collect, or enforce the requested loan, subject to applicable law.
 

CREDIT AND BACKGROUND REPORT AUTHORIZATION

Applicants expressly instructs and authorizes Volcan Capital LTD, its agents and service providers, and any prospective lender or funding source evaluating the requested loan to obtain and use consumer credit reports, credit scores, business credit reports, and lawfully available background and public-record information concerning that individual.

Authorized information may include bankruptcy, judgment, lien, foreclosure, eviction, civil-litigation, criminal-history, identity, address, ownership, employment, income, asset, liquidity, and other information reasonably necessary to evaluate the individual’s creditworthiness, financial responsibility, qualifications, or proposed guaranty. Each applicant understands that obtaining a consumer credit report may result in a hard inquiry appearing on that individual’s credit file.
 

This authorization remains effective for 180 days following the date signed in connection with the requested transaction. If the loan closes, the authorization will remain effective for legitimate account-review, servicing, modification, renewal, collection, and enforcement purposes for the duration of the loan, to the extent permitted by applicable law.
 

NO LOAN COMMITMENT OR AUTHORITY TO BIND

Applicants understands that submission of an application does not constitute loan approval, a commitment to lend, or a guarantee that financing will be obtained. Any preliminary rates, fees, loan amounts, advance rates, closing timelines, or other terms remain subject to underwriting, due diligence, valuation, title review, documentation, and final written approval. Broker is not authorized to execute loan documents, accept final terms, or otherwise bind Applicant, and this authorization does not appoint Broker as Applicant’s attorney-in-fact.
 

BROKER COMPENSATION

Applicants understands that Broker may receive compensation from Applicant, a lender, a funding source, or another party in connection with the requested financing. All compensation payable by Applicant will be disclosed. Compensation paid solely by a lender, funding source, or other third party may not be disclosed except as required by applicable law.
 

NO PERSONAL GUARANTY CREATED

Nothing contained in the application or these authorizations, by itself, creates a personal guaranty or makes any individual personally liable for the requested loan. Any personal guaranty must be established through a separate written guaranty signed by the applicable individual.
 

ACKNOWLEDGMENT AND AGREEMENT

Applicants acknowledge that they have read and reviewed the foregoing terms, certifications, and authorizations; understand them; certify that the applicable information is accurate; and agree to be bound by the provisions applicable to them.