Underwriting Philosophy

Although underwriting will involve the review of the financial status and personal credit histories of the principals to be bonded Expedite Re SA contract surety program does not require minimum credit scores, net worth or shareholder equity. As previously indicated, underwriting will be driven by gaining an understanding of the project contract and the contractor’s character and ability. However, to mitigate potential risk and loss exposure, the Company has implemented a policy of back to back collateral requirements in the form of a promissory note control for the contract bonds that it issues. Funds administration services will be provided by the Company’s affiliate, which will streamline the process and ensure satisfactory service to the contractors.