This statement outlines the terms related to an application fee for a potential engagement with Gideon. Here's a summary of its key points:

Application Fee:
-If the application is accepted, an application fee will be required.
-This fee is nonrefundable, regardless of the outcome.

Use of Application Fee:
-If an engagement agreement is signed, the application fee will be credited towards the engagement fee.
-If Gideon decides not to pursue financing, the application fee will not be refunded.

Application Review and Financing Approval:
-Acceptance of the application means only that it will be thoroughly reviewed, not that financing is approved.
-Gideon retains discretion over whether to pursue financing after the review process.