Strategy

The Company’s core strategy is to maintain an asset based lending approach, investing into high quality properties in marketplaces that the company has a strong presence in and understands well. The PLN only finances investment real estate that can be liquidated in relatively short periods of time (+/- 3-6 months) in the eventof default. Maintaining a sufficient amount of overall liquidity in the investment portfolio is another fundamental strategy.

Loan types The Company has identified the following Loan Types to pursue

Property types The Company has identified the following Property Types to pursue on behalf of the PLN: Funding Procedures Noble has worked hard to win the trust & confidence of institutional real estate lenders including banks, insurance companies and other finance companies. Noble has already obtained credit facilities from several of these respected financiers and the company will continue to build upon these relationships. PLN Lenders are occasionally engaged to table fund loans that are offered by Noble Capital. Table funding a loan means that the Lender actually funds (wires funds to the Title Company) the day of closing

in order for the borrowers closing to occur. The vast majority of loans are Table Funded by the Noble credit facilities known as Warehouse Lines and then offered to members of the PLN to fund at their convenience. Cash Flow Timing and Investment Holding Periods We expect that most PLN loans will have less than 12 month holding periods, although factors outside the Company’s control may cause this window to be shorter or longer than expected. Cash flow is generated to investors in the PLN as follows: •  Interest payments are made to the Fund from the Borrower’s on each individual loan invested in by the Fund. •  Payments are due monthly from the Borrower to Noble Capital Servicing, LLC (the Servicer) •  Noble Capital Servicing processes and forwards payment to the Lender •  Payments from the Borrower on due on the 1st and late on the 10th. Payments received on time typically reach the Lender by the 20th of the month •  The PLN has a pay when paid policy in regards to processing loan payments Lender’s Agreement with Noble Capital The agreement between the Lender’s in the PLN and Noble Capital is outlined in Company’s loan servicing agreement. The loan servicing agreement clearly outlines Noble’s role and responsibilities as well as the rights of the Lenders.