Promissory Note Checklist

							               PEN SC O TRUST C OMPANY
               w w w .penscotrust.com
                                                                                                                         Promissory Note
               866-818-4IRA (4472)
               takecontrol@pensco.com
                                                                                                                               Checklist
               450 San so m e Street , Fl. 14
               San Francisco, CA 94111-3306



       U se this guide when i nv esti ng i nto a n unsecu r e d p r o m i s s o r y n o t e w i t h i n y o u r PEN SC O T r u s t A c c o u n t .

       When f unding an unsecur ed p r omi ssor y note w i t h i n y o u r r e t i r e m e n t A c c o u n t , y o u s h o u l d e xe r c i s e t he s a m e d u e
       diligence as if yo u wer e l end i ng i t p er sona l l y . PEN SC O T r u s t a c t s o n l y a s a p a s s i ve c u s t o d i a n a n d does n ot
       provide inves tm ent a d v i ce.


Overview
T e rms Def ined:
    Th e “I RA Owner” an d “S ol o( k ) P a r ti ci p a nt” a r e r e f e r r e d t o a s : “ A c c o u n t h o l d e r ”
    “IRA” or “Solo(k) Pl a n” a r e r efer r ed to a s: “A cc o u n t ”

1. T h e Accountholder must r ea d a nd si g n to i nd i c a t e a p p r o va l o f t h e p r o m i s s o r y n o t e b e f o r e f o r w a r d i n g t o PE N S CO Tr u s t
   fo r t he custodial s ig na tur e.

2. T h e prom issory note a nd a l l r el a ted d ocuments m u s t b e ve s t e d a s f o l l o w s :
       For IRAs: PENSCO Trust Company Custodian FBO ‘Accountholder Name’ IRA ‘PENSCO Account #’
       For Solo(k)s: PENSCO Trust Company Custodian of ‘Plan Name’ FBO ‘Accountholder Name’, ‘PENSCO Account #’

3 . P ENS CO Trus t C omp a ny ’s Ta x ID : 0 2 -0 5 2 6 6 3 3

4 . Addr es s of Lender: P EN SC O I n c ., 4 5 0 Sa n som e S t . , 1 4 t h F lo o r , S a n F r a n c is c o , CA 9 4 1 1 1




Required Documentation and Other Information Needed
Promissory Note to an Individual:
1. Pro m issory Note Au thor i za ti on:             A ut h or i ze s P EN S CO T r u s t t o f u n d t h e n o t e wit h in y o u r s e lf - dir e c t e d A c count .

2. Pro m issory Note Ser v i ci ng A g r eement: P EN SC O T r u s t do e s n o t s e r v ic e a n y lo a n s ( i. e . , t r a c k lo a n p a y m ent s, handle
   defaul ts, fo recl o sur e s, e t c .) . Y ou m a y use e i t he r t h e lo a n s e r v ic e r ’ s o wn a g r e e me n t o r t h e P r o mis s o r y N ot e Servicing
   Agreemen t pro vi de d b y P EN SC O T r ust . Bot h A c c o u n t h o lde r a n d t h e n o t e s e r v ic e r mu s t s ig n .

3. Payment and Fundi ng Instr ucti ons: F un d i n g c an b e ma de by e it h e r wir e o r c h e c k. F o r “I n v e s t me n t N ame” please
   ind icate the bo rro we r ’ s n a m e .

4. Co py of Promissory N ote wi th b or r ower ’s si g na t u r e n o t a r i z e d (o r i g i n a l n o t e i s r e q u i r e d a f t e r f u n d i n g ).



Promissory Note to a Corporation, LP, LLC, or Other Entity
In ad d i ti on to i tem s n u m b e r 1 t h r o u g h 4 l i s t e d abo ve , t h e re qu ire d do c u m e n t at io n o u t lin e d in our File a
Pri va te Pl a cem ent K i t mu s t b e s u b m i t t e d t o PENSC O T ru s t re gardin g t h e bo rro w in g En t it y . PENS CO Trust’s
F i l e a Pr i va te Pl a cem e n t Ki t c a n b e fo u n d a t w w w . PENSC OT ru s t . c o m u n de r “ F o rm s . ”




TC-PNC-05-0209                                                                                                                                                        P age 1 of 1