UK Non-Profit Company: 15704756 Project Director: Herbert Olschewski Full project details: https://flying4care.org Fergusson House, 128 City Road, London, EC1V 2NX, United Kingdom Contact: Herby Olschewski – herby@flying4care.org  (+39 392 416 3635)

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Executive Overview In the second century of human flight, commercial passenger transport dominates the aviation industry. Although medical evacuation services exist, they are often commercially driven. Flying4care is a none-profit initiative, offering safe, convenient, and free transport for individuals in underserved communities. This initiative helps children battling cancer reach chemotherapy, the elderly access regular kidney dialysis, and anyone with chronic illnesses travel to their treatment centers. Furthermore, free accommodation is provided for patients (and supporting family members) near clinics and hospitals. Improving the lives of those in need, our role is to provide wings for those requiring medical care, and we invite proactive individuals worldwide to join us. Anyone can help by spreading the word. Our combined efforts surely make a meaningful difference. Herby Olschewski Founder & CEO . Our Mission The goal is to establish aerial transportation networks that serve underserved areas, not attractive to commercial operators. This includes small islands, isolated rural communities, and destinations beyond the tourist trail. The network provides free flights to medical facilities for those in need of regular treatment for chronic illnesses. Additionally, free accommodation is offered for the patients and their supporting family members. When flying for care, we provide the wings to get them there. https://flying4care.org/about/mission/ Operational Fleet We use light to medium general aviation aircraft, helicopters, and gyroplanes designed to access small landing surfaces. All our aircraft are twin-engine or equipped with backup power, with proven safety records. They all feature high wings and/or stairways, and most are adapted for wheelchair accessibility. Some are equipped with stretcher beds, though we do not offer emergency medical evacuation services. All are professionally maintained and serviced regularly, sparing no expense. https://flying4care.org/about/fleet/ Professional Pilots The crew consists of commercially qualified pilots who voluntarily offer their services in exchange for valuable flying time. Each pilot has more than 250 hours of flight experience, but less than the 1200 hours needed to enter the airlines. Fresh from commercial training, they are sharp and proficient. We provide them an opportunity to build their flying careers constructively while helping society. Transporting needy patients instead of flying with empty seats helps justify the carbon footprint. https://flying4care.org/about/pilots/ Strategic Locations Based out of the United Kingdom, our network extends from the Scottish Outer Hebrides to the Greek Isles, and from Spain to Croatia. Many islands have no air links whatsoever. There are literally thousands of smaller airports, grass strips, and helipads throughout Europe. These are the locations we serve. Reaching treatment destinations can take days, but we reduce this time to mere hours. By providing the wings to get patients there, air travel ensures the fastest route from home to care. https://flying4care.org/about/locations/ Accommodation We invest in rehabilitating residential buildings and homes near the clinics and hospitals we fly to, establishing homes away from home while positively contributing to city neighborhoods. These appreciative municipalities, in turn, support us, expanding the circle of mutual upliftment. Not only do we aid in restoring people’s health, but we also assist in facilitating a healthy environment for living. Flying4care provides a complete service from transportation to comfortable accommodation. https://flying4care.org/about/accommodation/ Sustainability General aviation faces a formidable financial challenge: the high costs of aircraft acquisition, maintenance, and operation, particularly the cost of fuel. Aircraft require constant refueling with avgas, diesel, or jet fuel, making it financially unfeasible for commercial operators to serve areas where such services aren’t economically viable. Flying4Care addresses this issue by generating residual revenue through innovative membership programs, affiliate marketing and social media. https://flying4care.org/about/sustainability/ The Philosophy Ubuntu Synergy is a concept that emphasizes the interconnectedness of humanity, reflecting the African philosophy of “ubuntu,” meaning “I am because we are.” This idea underscores the mutual upliftment and support within communities, fostering a collaborative spirit where individuals and groups work together for the common good. In practice, ubuntu synergy manifests in many forms, from local initiatives to global collaborations, enhancing social cohesion and creating a healthier, more inclusive world. Through ubuntu synergy, we know that collective well-being and overall progress are deeply intertwined, inspiring us to build more supportive communities. https://flying4care.org/about/philosophy/

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Explanatory Notes

• Flying4Care.org was founded, and is managed by a board of senior philanthropists.
• It’s a NON-PROFIT initiative, with a sustainable revenue generating business model.
• All assets are owned and operated by the charitable trust and/or local communities.
• Assets consist of airports, helipads, aircraft, helicopters and residential buildings.
• All aircraft are registered with the US Federal Aviation Authorities, as a trust.
• The pilots are all US FAA Commercial pilots, building career flying hours.
• Flights are flown under FAA Part 91 and are NOT commercial flights.
• There are NO scheduled flights. All trips are planned individually.
• Flying is never undertaken in adverse and/or icing conditions.
• We don’t accept any emergency medical evacuation missions.
• All passengers participate voluntarily, and sign indemnities.
• Everything from assets to passengers is adequately insured.
• Accommodation near treatment is provided free of charge.
• The buildings are existing and/or renovated structures.
• Our objective is to uplift under-served communities.
• We seek out like-minded partners to fuel our growth.

Partners & Sponsors Flying4Care is a considerable undertaking that can only succeed through the combined efforts of our proactive partners. Suppliers of aircraft, facilities, services, and city councils each contribute valuable resources to this common cause. By working together, we can improve the lives of others while also creating new business opportunities. This collaboration builds mutually beneficial relationships that bear fruit for all involved. We actively seek out new partners to assist in the mission of flying for care. https://flying4care.org/about/partners/ To get this initiative off the ground, literally, we are seeking sponsors for Humanitarian Forgivable Loans (HFL). Entities with the capacity to provide collateral of US$150m+ that could be used to back a Standby Letter of Credit (SLC) or Irrevocable Bank Guarantee (IBG), earn about 12% return on these funds. Interested sponsors will need to provide proof of capacity from their bank via a non-binding Bank Capacity Letter (BCL). The sponsor must provide a letter authorizing verification bank-to-bank of the BCL. The application process is deemed successful once the BCL has been verified by the US Funding agents bank. We will then receive at least $150m in funding, audited by PwC. Note: This $150m can be made up of lesser amounts, from several sponsors. Interested sponsors are invited to contact Herby Olschewski directly: Email herby@flying4care.org and/or call +39 392 416 3635 Alternatively, book an online video conferencing session: Please click here >> http://flying4care.org/calendar/herby/

Humanitarian Forgivable Loans Explained

The humanitarian forgivable loan program (HFLP) was designed by a retired US banker with assistance from business school professors. The HFLP was developed in the late 1980’s and has been used to fund many projects over the past 30 years.

The HFLP utilizes a collateralized bank loan that is progressively settled by donations from wealthy donors upon achieving project milestones. In return for donations, donors are issued with tax receipts that can be submitted to the IRS to obtain tax credits.

Why a bank loan requiring collateral, if money is being donated?

The HFLP leverages off established banking mechanisms and processes that help to provide protection against misappropriation of funds. A bank loan is created for the project that is secured by the equivalent value in collateral. Collateral is issued by the Sponsor’s bank using a documentary credit instrument such as a Standby Letter of Credit (SLC) or an irrevocable bank guarantee (IBG).

The intended consequences of requiring a bank loan that can be settled by delivering on the project milestones is an incentive to perform. A Third-Party Administrator (TPA) (major auditing firm) will be appointed to perform a due diligence on the business plan, perform annual audits of the project milestones and act as disbursement agents.

Quantifying the Sponsor’s Risk?

The Sponsor’s risk of a drawdown on collateral can be mitigated against by ensuring that the developers are credible, and that the project is managed appropriately. A term sheet will be issued to the Sponsor (collateral provider) by the legal team of the Donor’s bank. The terms are negotiated between the two parties and once agreement is reached a contract will be issued for signing.

The period of risk for a drawdown on the Sponsor’s collateral is limited to one year. The financial exposure is capped to the value of spend predicted in the approved cash flow forecast for year one of the project. For example, a five-year project may have a cashflow forecast for year one of US$30m. Risk against this $30m is further reduced by tightly managing the project spend on a monthly basis i.e. the exposure could be further reduced to the maximum spend in a single month of say $30m/12 = $2,5m. If credible professional services and contractors are utilized, risk is reduced further.

If fraudulent activity occurs, the TPA will immediately block the flow of funds and an investigation will be performed and an attempt will be made to resolve the situation. If no resolution can be found, the project funding will be cancelled and the SLC/IBG will be returned to the Sponsor. Given that the Sponsor is paid an upfront free on signing the Sponsorship agreement, the value of this fee should cover any liens that may be attached to the SLC/IBG. For example, if fraud occurred in month 3 totaling US$2,5m, and the Sponsor was paid 8% of US$150m = $12m, then the Sponsor will still be cash flow positive i.e. $12m – $2,5m = $+9,5m.

In subsequent project years, performance bonds and insurances are put in place. Why is an SLC/IBG required for the entire project value?

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The reason that the SLC/IBG is required for the full project value is because when the loan is created, it will be for the full project value. Once all the agreements are signed, the Donors will fully fund the project by transferring the equivalent value of the loan into a bank trust account. Disbursements are controlled by the TPA and paid from the project loan bank account. The project is audited on an annual basis and if the milestones have been successfully achieved, then the value that has been drawn down from the loan for that year will be reimbursed from the trust bank account where the donors funds have been deposited for this project.

A 501(C)3 entity is registered in the name of the project which will issue tax receipts to the Donors so they can apply to the IRS for tax credits.

The Application Process (non binding):

1. Provide a 2 page executive summary of a humanitarian project that has a minimum value of US$150m.
2. Identify possible Sponsors with the capacity to provide collateral of US$150m+ that could be used to back an SBLC or IBG.
3. Present the project to potential Sponsors. Interested Sponsors will need to provide proof of capacity from their bank via a non-binding Bank Capacity Letter (BCL).
4. The Sponsor must provide a Client Authorization Letter (CAL) authorizing bank-to-bank verification of the BCL.
5. The application process is deemed successful once the BCL has been verified by the US Funding agents bank.

The Due Diligence Process:

1. After successfully completing the application process, the US Funding agent will appoint one of the major international auditing firms to perform a due diligence on the business plan. The due diligence is expected to take approximately 90 days.
2. In parallel to the due diligence process, the US Agent will meet with the Sponsor to discuss the terms of the Sponsorship Agreement and subsequently introduce the Sponsor to the legal team representing the US Funders Bank.
3. All parties perform their own checks, KYC (know your client), AML (anti money laundering) and due diligences and review the terms of the Sponsorship agreement.

The Contractual Process:

1. Once due diligences and checks have successfully completed and contractual terms agreed, Sponsorship and Loan Agreements are drafted.
2. Once the Sponsor has signed the Sponsorship Agreement, the Project Developer will be requested to sign the Loan Agreements.
3. Only once both the Sponsor and Loan Agreements have been signed, will Donors transfer the project funds into a bank trust account.

The Project Funds:

1. A non-profit 501(c)3 entity is created in the name of the project.
2. A project bank account with access to the loan funds is opened and controlled by the TPA (escrow).

The Project Execution:

1. A project special purpose vehicle (SPV) is established as a non-profit entity in the country where the project is being executed.
2. All assets created by the project are warehoused in the SPV and donated at the end of the project to a government entity or receiving nonprofit entity.
3. A project governance structure and project management office is established.
4. The project is ready to start once all finances are accessible and the necessary structures are in place.
5. Banking fees, legal fees, commissions and project initiation fees are paid on the first drawdown.
6. A project finance committee approves invoices on a monthly basis and the auditors release payments directly to contractors from the loan escrow account.
7. During the first year of the project, it is anticipated that minimal construction will occur. The first year usually consists planning, finalizing designs and detailed costing using the professional services of architects, engineers, quantity surveyors etc.
8. If the project is planned to be completed in 5 years, the maximum expenditure permitted in year 1 will be approximately 20% of the total project value. This also limits the risk of a drawdown on the SLC/IBG to 20% of the face value.
9. The SLC/IBG is returned to the Sponsor after 13months.
10. Construction companies will be asked to provide performance bonds as security from year 2 onwards.
11. Annual progress audits are done on the project. If the audits confirm that project milestones have been successfully met, the portion of the loan utilized, will be settled by the donors funds provided in the bank trust.
12. Donors receive tax certificates from the 501(c)3 for each donation towards settling a portion of the project loan.
13. The project should complete with no debt and the assets are then donated to the relevant government entity or nonprofit entity

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The Project Sponsor & Procedure

The role of the proposed Sponsor is to provide Collateral to facilitate the issuing of a “Non Recourse Loan” for a Humanitarian Non Profit Project.

This Collateral satisfies the IRS requirement for the providing of a Non Recourse Loan and is otherwise not needed or used.  The amount of the proposed Collateral equals the amount required for the Project or a Phase thereof.

This Collateral will be returned, unencumbered before the end of its Term of Thirteen (13) Months.

The Procedures of the proposed Project Sponsor are as follows:

1. Sponsor to provide a copy of a Bank Capacity Letter addressed to the Project Director from the Sponsors Bank confirming that the Sponsors Bank Account(s) has sufficient monies to meet or exceed the amount required for the Sponsorship of the Humanitarian Non Profit Project.
2. The Sponsor provides a Client Authorization Letter on his letterhead giving the Funder or its Designate the right to verify the above Bank Letter.
3. The Funder provides his bank with the above Documents for Verification.
4. The Funders bank appoints a Facilitator to prepare a Joint Agreement with the proposed Project Sponsor.  This Agreement details the return of the Sponsors funds prior of the Expiry Date; and the amount and time of Payment of Fees to the Project Sponsor for providing the Financial Service.
5. The Funder receives the documentation from the Facilitator that the monies are in place and the Joint Agreement is approved and signed by both Parties.
6. Funding of the Project takes place.

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It’s relatively easy for a potential Sponsor to get involved in a good cause, and earn interest on their capital. The HFL program is designed to benefit all parties, rapidly.

Step 1 – Understand the objectives of this initiative >> https://flying4care.org

Step 2 – Book an online conference call >> https://flying4care.org/calendar/herby/

Step 3 – Obtain a Bank Capacity Letter from your accounting firm and/or bankers.

Step 4 – Send us the BCL accompanied by the Client Authorization Letter.

Step 5 – The bank certification and due diligence process is initiated.

Step 6 – Payment of Fees to the Sponsor, at the beginning of the term.

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Bank Capacity Letter

This is a specimen of the letter to be provided by the Sponsor’s bank. It certifies that there is at least $150m unencumbered, available funds on deposit, with said bank.

Note: This amount can be less, if several sponsors are combining their efforts to reach the $150m total. Please contact Herby Olschewski to discuss how this can be done.

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Client Authorization Letter

This is a specimen of the letter to accompany the Bank Capacity Letter. It is merely an expression of interest and allows us to start the process of the bank to bank certification.

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Please find attached:

o Diagram of the HFL.

o The HFL process flow chart.

o Certificate of Incorporation.

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