DISBURSEMENT FUNDING

Lending Process Summary

CONFIDENTIAL

www.medlee.com.au

LENDING PROCESS SUMMARY

New Loans

Payments into Firm Trust Acc.

ReconciliationLoan Maintenance

Loan Closure

NEW LOANS PROCESS

Client discussion

• Solicitor discussion with new client

• Medlee brochure provided • Client informed that

further information is available on website

Application

• Lawyer / PA completes online application on medlee intranet (secure login for client law firm)

• Decide total credit limit• Decide initial drawdown• Drivers licence

photocopied (back & front) & attached

Contract

• 1 page application (produced via intranet lodgment) attached to pro forma credit contract

• Loan documents provided to client

• Includes credit guide & contract general conditions

• Client signs contract & authority*

• Loan documents scanned and emailed to Medlee

* Authority to firm for claim settlement funds to be held on trust for repayment of Medlee loan

LENDING PROCESS

Payments to firm

• Payments made by Medlee into Firm trust account

Reconciliation

• Periodic reconciliation with firm

Loan maintenance

• Loan statements sent to client and lawyer quarterly

• Medlee may request periodic updates on case status

Loan closure

• Firm advise case completing

• Medlee advise loan payout

• Loan repaid • Loan closed

KEY DOCUMENTS

• Application

• Credit contract

• Authority*

• General terms

• Firm guarantee

*to firm to hold claim proceeds on trust for repayment of Medlee loan