DEVELOPMENT BANK OF ST. KITTS AND NEVIS

Corner Church & Cenral Streets/ Stoney Grove Nevis

Student Loan Investment Program

Plant and Be Guaranteed an abundant Harvest

Beneficiary Personal Information

The funds will remain on hold for a minimum tenure of five (5) years

Interest is calculated monthly, and rolled over annually at a rate of 3.5% Development Bank of St. Kitts and Nevis reserves the right to change the interest rate in accordance with the current

For pre approved tenures of five (5) years and over, a penalty applies for early withdrawal is

loss of 50% of accumulated interest

Penanlty does not apply when early withdrawal is connected to the project/initiative

Redemption after five (5) years or more earns full Interest.

The Bank may disclose any information about the Depositor of the account:- a) In response to credit enquiries b) c)

If failure to do so would render the Bank liable to prosecution If disclosure is necessary to protect the Bank's interest

I/We have read and understood the terms and conditions and agree to be bound by same. Please note that in the absence of clear disposal instruction which should reach the Bank at least five working days before maturity, the Bank may roll over the funds or any portion thereof at the Bank's prevailing rate and for such

terms that the Bank shall determine.

The depositor hereby consents to and authorizes any such disclosure, and the Bank shall not become liable by reason of the giving of any such information or of its being inaccurate or incomplete.

This agreement has been executed at Day of