Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: Operating Statement 2010/11 Target 2009/10 Forecast $ $ Revenue 3,357,625 3,231,487 Operating Expenses (3,004,624) (3,166,749) Net Surplus/Deficit 353,001 64,738 Balance Sheet As at 30 June 2011 As at 30 June 2010 $ $ Assets 44,278,970 40,604,407 Liabilities 38,301,925 34,980,363 Net Worth 5,977,045 5,624,044 2010/11 2009/10 Net cash flows from operating activities (2,292,114) (8,536,501) Net cash flows from investing activities (2,400,000) 1,600,938 Net cash flows from financing activities 3,778,504 3,196,944

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 Forecast 2005/6 $ 2004/5 $ Revenue 3,357,625 3,231,487 3,355,537 8,033,788 Operating Expenses (3,004,624) (3,166,749) 3,258,057 7,895,449 Net Surplus/Deficit 353,001 64,738 97,480 138,339 Balance Sheet As at 30 June 2011 As at 30 June 2010 June 2006 2005 $ $ Assets 44,278,970 40,604,407 21,929,081 19,196,200 Liabilities 38,301,925 34,980,363 15,565,441 12,929,441 Net Worth 5,977,045 5,624,044 2010/11 2009/10 6,364,240 6,266,760 Statement of Cash Flows 2005/6 $ 2004/5 $ Net cash flows from operating activities (2,292,114) (8,536,501) 279,556 349,758 Net cash flows from investing activities (2,400,00010,472,363) 1,600,938 (4,327,664) Net cash flows from financing activities 3,778,504 3,196,9442,636,000 11,352,590

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 Forecast 2004/5 $ 2003/4 $ Revenue 3,357,625 3,231,487 16,733,385 504,161 Operating Expenses (3,004,62416,618,187) (3,166,7491,683,751) Net Surplus/Deficit 353,001 64,738 115,198 (1,179,590) Balance Sheet As at 30 June 2011 2005 $ As at 30 June 2010 $ 2004 $ Assets 44,278,970 40,604,407 6,951,423 3,000,000 Liabilities 38,301,925 34,980,363 (2,736,225) 0 Net Worth 5,977,045 5,624,044 2010/11 2009/10 4,215,198 3,000,000 Statement of Cash Flows 2004/5 $ 2003/4 $ Net cash flows from operating activities 2,851,423 (2,292,114) (8,536,5011,179,590) Net cash flows from investing activities 0 (2,400,000250,000) 1,600,938 Net cash flows from financing activities 3,778,504 3,196,9441,100,000 4,179,590

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 Forecast 2005/6 $ 2004/5 $ Revenue 3,357,625 3,231,487 20,147,663 14,191,000 Operating Expenses (3,004,624) (3,166,749) 16,224,663 10,722,000 Net Surplus/Deficit 353,001 64,738 2,469,000 3,469,000 Balance Sheet As at 30 June 2011 As at 30 June 2010 June 2006 2005 $ $ Assets 44,278,970 40,604,407 99.324,000 44,583,000 Liabilities 38,301,925 34,980,363 62,125,044 8,225,000 Net Worth 5,977,045 5,624,044 2010/11 2009/10 37,198,956 36,358,000 Statement of Cash Flows 2005/6 $ 2004/5 $ Net cash flows from operating activities (2,292,114) (8,536,501) 3,860,000 7,966,000 Net cash flows from investing activities (2,400,0003,768,000) 1,600,938 (1,306,000) Net cash flows from financing activities 3,778,504 3,196,94449,253,000 (401,500)

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 2008/9 Budget $ 2007/8 Forecast $ $ Revenue 3,357,625 3,231,487 4,179,944 4,068,446 Operating Expenses (3,004,624) (3,166,749) 3,829,883 4,072,635 Net Surplus/Deficit 353,001 64,738 350,061 (4,189) Balance Sheet As at 30 June 2011 2009 $ As at 30 June 2010 $ 2008 $ Assets 44,278,970 40,604,407 39,308,450 38,981,579 Liabilities 38,301,925 34,980,363 31,756,584 32,974,922 Net Worth 5,977,045 5,624,044 2010/11 2009/10 7,551,866 6,006,657 Statement of Cash Flows 2008/9 Budget $ 2007/8 Forecast $ Net cash flows from operating activities 93,325 (2,292,114) (8,536,501506,586) Net cash flows from investing activities (2,400,0001,304,301) 1,600,938 (4,682) Net cash flows from financing activities 3,778,504 3,196,944542,616 (370,550)

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank National Insurance Company Ltd. is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 2007/8 Budget $ 2006/7 Forecast $ $ Revenue 3,357,625 3,231,487 34,741,262 30,263,264 Operating Expenses (3,004,624) (3,166,749) 34,608,800 30,428,263 Net Surplus/Deficit 353,001 64,738 132,462 (164,999) Balance Sheet As at 30 June 2011 2008 $ As at 30 June 2010 $ 2007 $ Assets 44,278,970 40,604,407 11,081,982 9,302,154 Liabilities 38,301,925 34,980,363 10,497,733 9,350,368 Net Worth 5,977,045 5,624,044 2010/11 2009/10 584,248 (48,213) Statement of Cash Flows 2007/8 Budget $ 2006/7 Forecast $ Net cash flows from operating activities (2,292,114) (8,536,501) 801,673 1,920,761 Net cash flows from investing activities (2,400,00059,000) 1,600,938 (13,160) Net cash flows from financing activities 3,778,504 3,196,944500,000 4,000,000

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 Forecast 2004/5 $ 2003/4 $ Revenue 3,357,625 3,231,487 1,833,537 1,145,304 Operating Expenses (3,004,624) (3,166,749) 1,709,110 990,024 Net Surplus/Deficit 353,001 64,738 124,427 155,280 Balance Sheet As at 30 June 2011 2005 $ As at 30 June 2010 $ 2004 $ Assets 44,278,970 40,604,407 19,429,632 10,697,008 Liabilities 38,301,925 34,980,363 13,019,361 4,911,164 Net Worth 5,977,045 5,624,044 2010/11 2009/10 6,410,271 5,785,844 Statement of Cash Flows 2004/5 $ 2003/4 $ Net cash flows from operating activities (2,292,114) (8,536,501) 357,104 131,462 Net cash flows from investing activities (2,400,0007,759,203) 1,600,938 (3,014,059) Net cash flows from financing activities 3,778,504 3,196,9448,604,343 2,907,597

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 Target 2009/10 Forecast 2006/7 $ Estimated Actual 2005/06 $ Revenue 3,357,625 3,231,487 3,186,176 2,337,872 Operating Expenses (3,004,624) (3,166,749) 2,944,281 2,115,500 Net Surplus/Deficit 353,001 64,738 241,895 222,372 Balance Sheet As at 30 June 2011 2007 $ As at 30 June 2010 $ 2006 $ Assets 44,278,970 40,604,407 26,331,180 19,400,511 Liabilities 38,301,925 34,980,363 19,629,277 12,940,503 Net Worth 5,977,045 5,624,044 2010/11 2009/10 6,701,903 6,460,008 Statement of Cash Flows 2006/7 $ 2005/6 $ Net cash flows from operating activities (2,292,114) (8,536,501) 84,836 251,515 Net cash flows from investing activities (2,400,0008,903,536) 1,600,938 (5,657,975) Net cash flows from financing activities 3,778,504 3,196,9446,719,277 (31,441)