INTERNSHIP REPORT ON CREDIT RISK MANAGEMENT OF SIBL(chapter3)

Chapter Three

Credit Risk Management Techniques
OF
Al- Arafa Islami Bank Ltd

Credit Risk Management
Credit risk is one of the major risks faced by the bank. This can be described as potential loss arising from the failure of a counter party to perform as per contractual agreement with the bank. The failure may result from unwillingness of the counter party or decline in his/her financial condition. Therefore, bank's credit risk management activities have been designed to address all these issues. The bank has an investment (Credit) risk management committee at head office. The committee reviews the investment risk issues on monthly basis. The bank has segregated the investment approval, investment administration, investment recovery and legal authority. The bank has

INTERNSHIP REPORT ON CREDIT RISK MANAGEMENT OF SIBL(chapter2)

Chapter Two

Job Responsibility
&
Overview of the Bank

Historical Background
With the objective of achieving success here & hereafter by pursuing the way directed by Allah and the path shown by His Rasul (SM), Al Arafah Islami Bank Ltd was established (registered) as a private limited company on 18 June 1995. The inaugural ceremony took place on 27 September 1995. The authorized capital of the Bank is Tk.15000.00 million and the paid up capital is Tk. 8343.24 million as on 31.12.2013. Renowned Islamic Scholars and pious businessmen of the country are the sponsors of the Bank. 100% of paid up capital is being owned by indigenous shareholders.

INTERNSHIP REPORT ON CREDIT RISK MANAGEMENT OF SIBL(CHAPTER-1)

Chapter One
Introduction
&
Organization  Introduction:
Credit management is a vital part of any financial institution. Institution’s existence depends on good credit management. It must be an ongoing process that would enable the firm to manage the loan portfolio proactively and earn satisfactory return to the shareholders. The current world is very dynamic and fast changing economy is pressurizing the market players to move very quickly. Every financial institution in this situation is facing various level of difficulty to adjust with various

ASSIGNMENT ON HRM ABOUT AN ORGANIZATION EMPLOYEE SUPERVISION

About Electro Mechanical Control Service (eMcS)
Electro Mechanical Control Service (eMcS) is an Engineering organization established in 2004, embraced by a group of professional Engineers. This organization is involved in the electro-mechanical design, consultancy and supervision. eMcS extended its activities throughout Bangladesh due to its tremendous performance.The main fields of these activities are- Central Air Condition System, Fire Detection and Protection System, CCTV or Security System, Plumbing System, Electrical System, Solar System, Clean room, Access Control System, Green Building

EXECUTIVE SUMMERY OF AN INTERNSHIP REPORT

Internship Report
On
Credit Management & Performance Analysis
Of
Jamuna Bank Limited

Credit Management & Performance Analysis of Jamuna bank limited

Internship report on credit mgt of JBL(CHAP_2)

Chapter 2
JOB RESPONSIBILITIES
AND
OBSERVATION


JOB RESPONSIBILITIES AND OBSERVATION

I was assigned at the Adabar Link Road Branch of Jamuna Bank Limited to complete my internship program. During my three (3) months internship program I enjoyed the work at the bank but most importantly I learned how to work under pressure with great responsibilities. Throughout this time I have got the opportunity to work with different department of Jamun Bank Limited. There are 3 different departments in Adabar Branch and they are:

THE PROJECT CREDITMANAGEMENT OFJAMUNA BANK LIMITED

CHAPTER 03
THE PROJECT CREDIT
MANAGEMENT
OF
JAMUNA BANK LIMITED

3.1.1 Origin of the Report
Internship program is the most important period for a BBA student. The duration of internship program is 3 months, which carries a best learning process to know about the organization and cope up the environment in such a way like professional employees. The experience that got by an intern during the internship period will make them more smart and professional in their future job sector. I was started my internship at Jamuna Bank Limited, Adabar  Branch from  15th May 2015 and its end in 15th august 2015.

3.1.2 Background of the Report
I have worked in various Department of Jamuna Bank Ltd, Adabar Branch. In this report, I will try to make an overall analysis on all activities of Jamuna Bank Ltd specially focuses on credit Management department.

Report on credit management of jamuna bank limited(chapter_1)

THE ORGANIZATION
1.1 Introduction
Jamuna Bank Ltd. is a third generation bank in Bangladesh. It provides commercial banking services in the Bangladesh. It is playing an important role to develop the business sector. The growth of this bank is very good. Its motto is to provide a prompt and quick service to the clients. Jamuna Bank Ltd. has implemented well structured online banking systems that make it easier to provide prompt services to the customer. The bank primarily engages in corporate banking, trade finance, project finance, retail banking, small enterprise finance,  consumer  finance,  and  syndication.  Its  range  of  service offerings  include  cash  management services, payments and clearings, safe deposit locker services, employee benefits, collection services, treasury services, asset management, services and SWIFT for foreign trade.
1.2 History
Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 with its Head Office at Chini Shilpa Bhaban, 3, Dilkusha C/A, Dhaka-1000. The Bank started its operation from 3rd June 2001.
Jamuna Bank Limited is a highly capitalized new generation Bank with an Authorized Capital and Paid-up Capital of Tk.10000 million and Tk.4488 million respectively. The Paid-up capital has been raised to 840 million and the total equity of the bank stands at 8325 million as on December 31, 2012.
JBL undertakes all types of banking transactions to support the development of trade and commerce of the country. JBL's services are also available for the entrepreneurs to set up new ventures and BMRE of industrial units. Jamuna Bank Ltd. the only Bengali named new generation private commercial bank was established by a group of winning local entrepreneurs conceiving an idea of creating a model banking institution with different outlook to offer the  valued customers, a comprehensive range of financial services and  innovative  products  for  sustainable  mutual  growth  and  prosperity.  The  sponsors  are  reputed personalities in the filed of trade, commerce and industries. The Bank is being managed and operated by a group of highly educated and professional team with diversified experience in finance and banking. The Management of the bank constantly focuses on understanding and anticipating customers needs. The scenario of banking business is changing day by day, so the bank's responsibility is to device strategy and new products to cope with the changing environment. Jamuna Bank Ltd. has already achieved tremendous progress within only twelve years. The bank has already ranked at top of the quality service providers & is known for its reputation.
Jamuna  Bank  Ltd.  offers  different  types  of  Corporate  and  Personal  Banking  Services  involving  all segments of the society within the purview of rules and regulations laid down by the Central Bank and other regulatory authorities. As per the provisions of Bangladesh Bank license, the Bank has offered initially its shares to public by Pre - IPO and subsequently sold shares to the public through IPO in the year 2004. The shares of the Bank are listed with both Dhaka Stock Exchange Ltd. & Chittagong Stock Exchange Ltd.
1.3 Mission and Vision
Mission
The bank is committed to satisfy diverse need of its customers through an array of products at a competitive price by using appropriate technology and providing timely service so that a sustainable growth, reasonable return and contribution to the development of the country can be ensure with a motivated and professional workforce.
Vision
To become a leading banking institution by playing a significant role in the development of the country

1.4 Objectives of JBL
•   To establish relationship banking and improve service quality through development of Strategic Marketing Plans.
•   To remain one of the best banks in Bangladesh in terms of profitability and assets quality.
•   To ensure an adequate rate of return on investment.
•   To keep risk position at an acceptable range (including any off balance sheet risk).
•   To maintain adequate liquidity to meet maturing obligations and commitments.
•   To  pursue  an  effective  system  of  management  by  ensuring  compliance  to  ethical  norms, transparency and accountability at all levels.

1.5 Core Values
•   Place customer interest and satisfaction as first priority and provide customized banking products and services.
•   Value addition to the stakeholders through attaining excellence in banking operation.
•   Contribute significantly for the betterment of society.
•   Ensure higher degree of motivation and dignified working environment for our human capital and respect optimal work-life balance.
•   Committed to protect the environment and go green.
•   Employees of JBL share certain common values, which helps to create a JBL culture
•   The client comes first.
•   Search for professional excellence.
•   Quick decision‐making.
•   Flexibility and prompt response.

1.6 Management
JBL is managed by highly professional people. The present Managing Director of the Bank is a forward looking senior banker having decades of experience and multi discipline of knowledge to his credit both at home and abroad. He is supported by an educated and skilled professional team with diversified experience in finance and banking. The management of the bank constantly focuses on the understanding and anticipating customers’ needs and offer solution thereof. Jamuna Bank Limited has already achieved tremendous progress within a short period of its operation. The Bank is already ranked as one of the quality service providers and known for its reputation.
1.7 Ownership structure
Leading industrialists of the country having vast experience in the field of trade and commerce own 52.48% of the share capital and the rest n held by the general public. JBL’s board currently consists of 19 directors. Authorized capital is tk.4000 million and paid up capital is tk.2230 million on 2010.
1.8 Product/Service Offerings
The Bank has a collection of mode that prepared financial products and services. Such products are based on Monthly Savings Schemes, Consumer Credit Schemes, Lease Finance and Personal Loan for Women and Shop Finance Scheme etc.Jamuna Bank Ltd, also familiar with Q-cash ATM cards for its valued customers providing 24 hours banking services through Debit Cards.JBL offers the following services to valued customer. The Bank is providing different types of services. Some of them are mentioned in below:
Deposit Schemes
Remittance and Collection
Import and Export handling and Finance   Loan Syndication
Project Finance
Investment Banking
Lease Finance
Hire purchase
Personal Loan for Woman
24-hours Banking: Q-Cash ATM facility   Islamic Banking
Corporate Banking
Consumer Credit Scheme
International Banking

1.8.1 Islami Banking Branch
In the year 2004, Jamuna Bank Limited opened another Islamic banking branch at Jubilee Road, Chittagong on November 27, 2004. The already existing Nayabazar Islamic Banking Branch started its operations from October 25, 2003, the total Islamic banking branches stands at 02 (Two). The operational performance of the branches as on 31-12-2008 is shown through the Balance Sheet, Profit & Loss Account of the Islami Banking Branches below :JBL’s Shariah Council consists of 06 (Six) members, among them 02 (two) are Khatib, 01 (one) is Ex-Economic Advisor, 01 (One) is Vice chancellor, Islami University, 01 (One) is Principal and other one is Banker. During the year 2009, the Shariah council of JBL conducted 03 meetings to discuss all aspects of Islamic Branches operation.
1.8.2 Portfolio Management Service
Since inception, we have achieved an unparalleled reputation as a leading Merchant Banker through providing portfolio management services by maintaining a high level of professional expertise and integrity in client relationships. Keeping customer preferences as an investor in mind, Jamuna Bank Ltd. has designed Investors’ Discretionary Account  (IDA) and Bank’s Discretionary Account  (BDA). In these accounts the customers may enjoy loan facilities at a ratio 1:1 for investments in private placement, IPO, and secondary market operations.
1.8.3 JBL Special Banking Services:
Special Banking services of Jamuna Bank are considering the Personal services. The bank is offering wideranging products and services. These services and products are matching with the customer’s requirements. Transactions of accounts, savings schemes or loan facilities from Jamuna Bank Ltd make available for every customer in a unique and uniform mixture of easy and expert service superiority.
JBL offers the Special Banking Services like Current Deposit Account, Savings Deposit Account, Short Term Deposit Account, and Fixed Deposit Accounts. It also offers attractive rates on various deposit schemes.

1.8.4 JBL Corporate Banking Services
Jamuna Bank Ltd. offers a complete range of advisory, financing and operational services to its corporate client groups combining trade, treasury, investment and transactional banking activities in one package. The corporate Banking specialists will render high class service for speedy approvals and efficient processing to satisfy customer needs.
Corporate Banking business envelops a broad range of businesses and industries. You can leverage on the know-how in the following sectors mainly:

Agro processing industry
Industry (Import Substitute / Export oriented)    Textile, Spinning, Dyeing/Printing
Export Oriented Garments, Sweater.
Engineering, Steel Mills
Chemical and chemical products etc.
Telecommunications.
Wholesale trade
Transport · Hotels, Restaurants
Non Bank Financial Institutions
Loan Syndication
Export Finance
Import Finance

1.8.5 Online Banking
Jamuna Bank Limited has introduced real-time any branch banking on December 31, 2010. Now, customers can withdraw and deposit money from any of its  65 branches located at Dhaka, Chittagong, Sylhet, Gazipur,    Bogra,   Naogaon,   Narayanganj,   Dinajpur,   Kushtia,Rajshahi,   Bashurhat,   Sirajganj   and Munshigonj.  The valued customers can also enjoy 24 hours banking service through ATM card from any of Q-cash ATMs located at Dhaka, Chittagong, Khulna, Sylhet and Bogra.

1.8.6 Types of Deposit account
There are several types of deposit accounts. Each account has different characteristics and every account has some specific purpose to serve.JBL offers the following key Personal Banking Services. According to their uniqueness they are described as follows:

Savings Account:
It is the general account of the JBL (Mirpur Branch) individual or more than two persons can open a savings account on JBL. The officers and authorize persons are issuing cheque book, deposit slips and statement of account to the holder of savings. The officer justifies the information that is submitted by the account holder for opening of the account. The officers of the bank process account-opening formalities.
Current Deposit Account:
JBL is one of the newly established well-reputed third generation private commercial bank in Bangladesh. It operates very diverse current account operation. They serve various types of customers, like current account for private limited company, current account for public limited company, current account for partnership business, etc.

Foreign Currency Account:
The  JBL  also  operate  Foreign  Currency  Account  for  Bangladeshi  Wage  Earners  or  for  Foreign Nationals/Company/Firms etc. to send their valued earned foreign currency into the country.

Short Term Deposit Account (STD):
JBL also offers Short Term Deposit to its valued customers. Short Term Deposit is a deposit account where the payment of interest is paid on month basis. These items include the deposits for a period ranging from 7 (seven) days to 89 (eighty-nine) days. These types of liabilities are payable on special notice or after a specified period other than the fixed deposits. Some of these types of deposits are of the nature of time deposits. The rate of interest on STD account is 4.5% per annum. There are some rules and regulations that must be maintained by the STD account holder. If the STD account holder wants to withdraw the money from the account they have to inform the bank before, otherwise the account holder may not get the interest in full amount

Schemes:
Schemes are the most important sources of enhancing banks deposit. Mainly bank is the lender of money, which is deposited by various types of depositor. These schemes are different in nature and types and also in interest rates. These deposits give the customers to deposit the idle money in profit earning schemes and also provide the security.   Jamuna Bank limited as third profit earning to the depositors and generation modern and technology based modern commercial bank offers various types of customer’s friendly deposit schemes to its valued customers. These schemes are highly also unique in security.

Marriage Deposit Scheme
Marriage of children, especially daughter is a matter of great concern to the parents. Marriage of children involves expense of considerable amount. Prudent parents make effort for gradual building of fund as per their capacity to meet the matrimonial expense of their children specially daughters. Parents get relief and can have peace of mind if they can arrange the necessary fund for marriage of their children.

1.8.7 Types of loan of what are offered by  Jamuna Bank Limited
Loan (General)
House Building Loan (General
House Building Loan (Staff)
Other Loans to Staff
Cash Credit (Hypo.)
Cash Credit (Pledge)
Corporate Social Responsibilities of the Jamuna Bank Limited
Hire Purchase
Lease Financing
Time Loan
Cons SOD (General)
SOD (Others)
SOD (Export)
PAD
LlM
LTR
IBP
Export Cash Credit (ECC)
Packing Credit (PC)
F D B P

Assignment On Business Plan

Assignment
On
Business Plan
Course: Entrepreneurship Development

Executive Summary
“Alpona Boutique” Shop is a new apparel store that caters to the Bangladeshi people. As our name suggests our focus is to provide customized wear apparel and accessories, and position ourselves as the top retail store servicing this particular market.
Our intentions are to obtain market share and become a central hub of shopping activity for the local population as well as Nonresident Bangladeshis (NRBs) who enjoy wearing fashionable apparel.
“Alpona Boutique” Shop will be located at Dhanmondi. “Alpona Boutique” Shop has centralized itself directly in position to the residential location and social activities of our target market. We believe that this is critical to our initial success and long-term growth.

Highlights

Objectives
1. To create a shopping environment that caters to the apparel needs of the local people as well as NRBs.
2. To receive a 50% profit margin within the first year.
3. To have a customer base of 1,000 by the end of the first operating year.
4.  Create employment opportunity.
5. To conserve and uphold culture and values by providing domestic products to NRBs.
6. To generate scope for enhancement for related industries like those who provide the raw material.

Mission
“Alpona Boutique” Shop’s mission is to offer quality, name brand accessories and clothing in an assortment of sizes and styles to accommodate varying styles and shapes.

Keys to Success
In order to succeed in the boutique industry “Alpona Boutique” Shop must:
Provide customers with top notch personalized customer service in an atmosphere of Bengali hospitality.
Carry an assortment of sizes to fit the more ample frames of their target customer base.
Advertise and promote in areas that target customer base will learn about the store.
Continuously review sales and adjust inventory levels accordingly.
Company Summary
“Alpona Boutique” Shop is organized as a partnership among the seven partners of  Naziur Rahman,Jana Alam,Saddam akand,Mehedi Hasan,Abu huraira ,Forhad hossain,sahriar taposh.
We will be located at Dhanmondi,Dhaka being the epics-center of the Dhaka community.
The hours of operation will be Saturday - Thursday 9 a.m. - 9 p.m. and Friday 10 a.m. - 12 p.m. There will be extended special hours designated during The Festivals like Eid-Ul-Fitr and Eid-Ul-Azha, and New Year.
All merchandise will be purchased according to the company's mission and customer focus of outfitting all sizes.

Company Ownership
“Alpona Boutique” Shop is organized as a partnership among the seven partners of
Naziur Rahman
Jana Alam
Saddam akand
Mehedi Hasan
Abu huraira
Forhad hossain
sahriar taposh.
Everyone will handle the administrative and managerial duties on rotation.

Start-up Summary
“Alpona Boutique” Shop’s incorporation costs are listed below. The company will start with three months inventory on hand for apparel and accessories as this are the main revenue generator. The majority of the company's assets will reside in inventory.
Start-up
Start-up
Requirements

Start-up Expenses

Trade License
Tk.1, 000
Grand Opening Event
Tk.10,000
Telephone & Utilities (3 months)
Tk.1,500
Infrastructure Development
  Store Fixtures/ Decorations
  Factory
Tk.150,000
Tk 20,000
Staffing and Recruitment
Tk.20,000
Advertising & Promotion
Tk.15,000
Raw material collection
Tk.70,000
Purchase of Machinery
Tk.90,000
Installation Cost
Tk.10,000
Business/Office Supplies/Stationary
 Tk. 1,000
Accessories (Dices, Frames)
Tk.10,000
Total Start-up Expenses
Tk.398,500
Note: It will take 8 weeks to prepare for and start the venture.

Company Locations and Facilities
Alpona Boutique Shop will be located at dhanmondi in Dhaka. This space has 1,200 square feet and has been rented for two years. This location is central to the geographical location for the Dhaka community. We feel it is essential to our initial and ongoing success that we locate ourselves in the heartbeat of the community. We also strive to create an atmosphere of acceptance and community, as well as a retail environment where individuals can identify and bond with their culture.
All business deliveries will be handled through the showroom. The factory is near by the showroom so no extra transportation cost will be needed to bring the products from the Factory to showroom.
Products
Alpona Boutique Shop will carry traditional wear brands. The greatest percentage of merchandise will be in apparel, followed by accessories, and gifts.
Management will rely on customer feedback, suggestions, and sales reports to introduce or eliminate certain brands, styles and sizes.
Saree
Salwar Kameez
Kids' Item
Bed cover
Cushion cover
Curtain
Others

Competitive Comparison
Alpona Boutique Shop has a number of advantages that will allow us to build our brand identity, add value to our merchandise and build a loyal customer base while standing apart from our competitors.
1. Alpona Shopper Card' will entitle customers to a 15% discount after ten purchases.
2. We will offer clothing to fit plus size for all.
3. We will create a sense of culture and bonding with the community by offering products that combine both the culture and innovation.
4. Ourlocation is central to our target customer base.
5. We will maintain a detailed record on each customer, logging addresses, their purchases, size, and brand for customer follow-up and in-house promotional purposes.
Commercial Viability

1. The plan is a sound one because it will create employment opportunities as well as providing scope for related industries.

2. There is a huge demand for clothing, as these items reflect one’s personality and status.

3. The plan is acceptable as there will be no environmental degradation.
4.The investment cost is comparatively lower.

5. The employees required for the project are few in number and available.

6.As the investment is lower the risk associated with the plan is also low.

Sales Literature
Alpona Boutique Shop will use a targeted advertising and sales program to generate publicity and build a customer base.
1.500 full-color postcard flyers with a 10% coupon will be distributed throughout Dhaka two weeks prior to the grand opening event.
2.100 grand opening invites will be mailed to potential new customers two weeks before the grand opening in June, 2014. The invitation will also include a promotional 10%coupon off a customer's first purchase. The customer mailing list has been compiled from contacts the owners have made while in the community.

Sourcing
We will shop for our merchandise as outlined below:
1. With renowned fashion houses like Aarong who have regional representative and showroom located at the Center, we will place our weekly and monthly reorders with them and review new materials.
2. August 2014 is the Eid-Ul-Fitr, the largest festival for Bengali people and apparel featuring the latest collections of all brands will be presented. All orders will be placed bearing Eid in mind.
We will also work to solidify our relationships with sales representatives and vendors so that we may achieve decreased cost of goods. Our competitors,
(both direct and indirect) purchase from the same sources and we believe that through marketing programs and strategic alliances we will begin to gain a competitive advantage.

Technology
Retail apparel establishments have a tendency to have a high number of SKU's because of the level of inventory. It is imperative that an advanced inventory and point of sales program be utilized to maintain stock levels and track sales.
Our business plan will be generated and reviewed on a bi-annual basis and reviewed quarterly to ensure all financial goals and objectives are being reached. It will allow us to make the most of our limited marketing budget by focusing our communications on our target markets and enhancing our marketing knowledge.

Future Products
As we achieve and exceed our sales and profitability goals, Alpona Boutique Shop will add other products to the product line and our own personal in-house label of clothing that will include Alpona-shirts for women and shirts for men. We will expand our line of brands with those that have been repeatedly requested by our customers. An e-commerce website will also be created to increase our distribution channels and expand our customer base to a national level.

Market Analysis Summary
The primary target customer of Alpona Boutique Shop will be the local people in the Dhaka region. As we are situated in the epi-center of the residential community we believe they will make up the largest percentage of our customer base.
The secondary target customers are the NRBS. As the Nonresident population continues to grow rapidly in various parts of the world we expect to receive the patronage of them as they are very loyal to Bengali apparel.
The last target customer of Alpona Boutique Shop is listed as other. As popularity about the store increases we expect to see an assortment of curiosity seekers as well as seasonal purchasers during festival season.
SWOT analysis

 Strength
1.   Premium price charged to reflect innovation and creativity.
2.   High quality raw materials are collected from renowned fashion house.
3.   Timely delivery for ordered products.
4.   The location of the shop is very much favorable.

Weakness
1.   Being a new entrant is one of the weaknesses of the boutique shop.

Opportunity
1.   A partially fulfilled customer need is a great opportunity for the shop.

Threat
1.   Increasing market price of raw materials and labor.
 Market Segmentation
The population of Dhaka is concentrated heavily in the southwestern part of

Sample of assignment

ASSIGNMENT OF INTEREST IN
DEED OF CONSERVATION EASEMENT
[property name]

THIS ASSIGNMENT OF INTEREST IN DEED OF CONSERVATION EASEMENT (the "Assignment") is entered into this _____ day of __________, 2009, by and between:

[Assignor], a Colorado nonprofit corporation, having a legal mailing address of [Assignor’s Address] ("Assignor"), which is the Grantee under the Conservation Easement described herein;

[Assignee], a Colorado nonprofit corporation, having a legal mailing address of [Assignee’s Address] (“Assignee”). and;

[Landowner] ("Grantor"), having a legal mailing address of [Landowner’s Address] which has executed this Assignment for the purpose of acknowledging its consent to the Assignment.

RECITALS

A. Grantor [or Grantor’s predecessor in interest, if the property has changed hands since the original easement conveyance] conveyed a Deed of Conservation Easement to Assignor recorded [date of recordation] in [Book ___ at Page ___ and/or as Reception No. 4793464] in the records of the Clerk and Recorder of [County], Colorado (the "Conservation Easement").  The Conservation Easement encumbers the real property described in Exhibit A, attached hereto and incorporated herein (the “Property”).

B. Paragraph ____ of the Conservation Easement permits assignment of Assignor’s interest as Grantee to another "qualified organization" as that term is defined under Section 170(h) of the Internal Revenue Code of 1986.

C. Assignee is a qualified organization under Section 170(h) of the Internal Revenue Code of 1986, as amended, and is authorized to acquire and hold conservation easements under Colorado law.

Assignee has executed this Assignment as Assignee of the interest of Assignor under the Conservation Easement and, by this Assignment, accepts the assignment of the interests of Assignor in the Conservation Easement. 



AGREEMENT

NOW, THEREFORE, in consideration of Ten Dollars ($10.00), the receipt and sufficiency of which is hereby acknowledged.  The parties agree as follows:

Assignment.  Assignor hereby quitclaims and assigns without warranties all of its rights and obligations as Grantee under the terms of the Conservation Easement to Assignee, as permitted by the Conservation Easement.  [At the time of Assignment the Grantor has paid Assignee ___________ and 00/100 Dollars ($_____), as a stewardship endowment in conjunction with this Assignment of Conservation Easement.]

Acceptance of Assignment.  Assignee hereby accepts the assignment of the rights and obligations of Assignor as Grantee under the Conservation Easement and agrees to carry out the conservation purposes that the Conservation Easement was originally intended to advance.

Representation by Grantor.  Grantor has provided information, assurances and representations to Assignee that there are no outstanding violations of the Conservation Easement as of the date of this Assignment and Assignee has inspected the Property and is satisfied that the Grantor is in compliance with the terms of the Conservation Easement and accepts the Conservation Easement encumbering the Property in its current condition.

Release of Original Grantee. Assignor is hereby released from any and all obligations and liability as Grantee under the terms of the Conservation Easement and under the terms of the funding and grants agreement(s) with GOCO [and other funders] by which Assignor agreed to acquire and hold the Conservation Easement, for all events arising before or after this Assignment.  Assignee is hereby released from any and all obligations and liability as Grantee under the terms of the Conservation Easement for events arising prior to the date of this Assignment. 

Landowner Consent.  By its signature below on the Consent and Approval of Assignment, Grantor hereby consents to this Assignment, agrees to its terms, and waives any notice requirements, if any, in the Conservation Easement, and makes the representations herein.

Consent of the Board, [and other funders].  By the signatures below the State Board of the Great Outdoors Colorado Trust Fund [and other funders] have approved this Assignment to Assignee pursuant to their discretionary right as described in Paragraph ___ of the Conservation Easement.       

[Remainder of Page Intentionally Left Blank – Signature Page Follows]
                                                      ASSIGNOR:

[name of Assignor], a Colorado nonprofit corporation

By:
Name: __________________________________________
Title:

STATE OF __________ )
) ss.
COUNTY OF __________ )

The foregoing document was acknowledged before me this ___ day of __________, 2009, by _______________________________________, as ____________________ of _______________________________________, a Colorado nonprofit corporation.

Witness my hand and official seal.

Notary Public

My commission expires:


ASSIGNEE:

[name of Assignee], a Colorado nonprofit corporation

By 
Name:
Title:

STATE OF COLORADO )
) ss.
COUNTY OF ______)

The foregoing document was acknowledged before me this ____ day of __________, 2009, by , as of ___________________________________________________, a Colorado nonprofit corporation.

WITNESS my hand and official seal.

Notary Public

My commission expires:

CONSENT AND APPROVAL OF ASSIGNMENT

[Name of Grantor] ("Grantor") hereby consents to the Assignment of the Conservation Easement by and between [Assignor] and [Assignee], pertaining to