DEPOSITARY RECEIPT SERIES C (DR-C)

Program Overview

Colson Services Corp., a New York corporation, can be appointed to serve as Depositary by investors who wish to enhance their investment in government-guaranteed loans. Once designated as Depositary, Colson will (1) act as the investor's agent for payment collection and disbursement, (2) serve as custodian to retain investor's loan documents, and (3) issue a Depositary Receipt to evidence the investor's ownership in the loan.

WHAT IS A DR-C?

DR-C - Depository Receipt Program Series C - is a Colson service that provides a timely payment stream to participating secondary-market investors.

HOW DOES A DR-C WORK?

Colson advances payment of principal and interest to investors according to a payment schedule for a single loan for which a DR-C has been issued, regardless of whether any payment was received from the lender.

Payments for fixed- or variable-rate loans are typically disbursed to investors on a monthly basis; however other payment frequencies can be accommodated. For loans where payments are currently scheduled annually, semi-annually, or quarterly, investors can elect to receive payments more frequently, once a DR-C is issued.

WHAT ARE THE BENEFITS OF A DR-C?

DR-Cs offer investors:

 Predictable payments on their investments
 An opportunity to select payment frequencies that best suit their individual financial needs
 Monthly consolidated statements itemizing their investments and corresponding payments
 Full-service administrative support, including loan document verification, loan settlement, and prompt handling of any default, prepayment, and servicing modification requests
 Secure custodianship of valuable loan sale documents

WHICH LOANS QUALIFY FOR A DR-C?

Loans that are guaranteed by a federal guarantor agency, such as:

 The U.S. Small Business Administration (SBA)
 The U.S. Department of Agriculture (USDA)
 The National Oceanic and Atmospheric Administration (NOAA)

HOW DO YOU OBTAIN A DR-C?

The investor presents relevant loan certificate and/or documentation, completes a Letter of Instruction, and submits applicable fees. Upon receipt, verification, and approval, Colson issues a single DR-C receipt evidencing the investor's ownership in the loan.

The rights and obligations of Colson and the Holder of a DR-C are set forth in the actual Depositary Receipt, a specimen of which can be obtained upon receipt.