Centro Pelada Investment & Acquisition Proposal

Coldwell Banker Del Mar Realty, Nosara

info@cbnosara.com

Office 011.506.682.0722

Fax 011.506.682.0723

Centro Pelada

Concept Overview Centro Pelada is a proposed development of 10

condominiums and 10 commercial spaces, which will establish the first commercial center in Playa Pelada. It is located along the entrance to Playa Pelada, a 5-minute drive from Playa Guiones and a 5-minute drive from the town of Nosara. From this location, one can easily walk or bicycle to the beach. Of the ten commercial spaces, one can be utilized as restaurant space. The condominiums, which can also be converted to offices, will be constructed with high end materials; granite counters, kohler fixtures, etc. The commercial spaces are designed to offer the highest possible level of customization. The Center will host manicured gardens, a playground area, a guardhouse, and parking for up to 45 vehicles. Centro Pelada will bring a much needed commercial site to this residential area.

Luxury Condominiums

10 Luxury Condominiums

6 Units 2 Bed 2 Bath 800 Sq. Ft 4 Units 1 Bed 1 Bath 600 Sq. Ft Condos can Be Converted to Offices Finishes

Granite Counter Tops Kholer Fixtures Ceramic Tile Native Teak and Pochote Hardwoods Throughout

Commercial Spaces

10 Commercial Spaces

9 Boutique Stores Made to be Customized to the Needs of the Owner

1 Larger Corner Store suitable for a Restaurant

Each Space has a Bathroom with a Back Room Providing Storage and an Office

Current Net Asset Value $350,000Asset Classes: (All Assets Available in Paper Format)

Real Property Costa Rican Permits & Agreements Contracts & Legal Documents Engineering/Architectural Data,

Information & Estimates Comprehensive Marketing Plan &

Materials Pre-lease Agreement & Interested Parties

Real Property

Real Property 3523 sq. meters (0.87 acres) of prime real estate property in Section-C of the Nosara Civic Association. The Centro Pelada Condominium Project will be located on lots C-86, C-87, and C-85B which are located along the entrance to scenic and serene Playa Pelada.

This commercial property is located along the principle entrance to Playa Pelada, a 5-minute drive from Playa Guiones and a 15-minute drive from the town of Nosara. To date, the Section-C is comprised primarily of residential lots, with no medium to large-scale commercial developments; the nearest being in Playa Guiones. The entrance to Playa Pelada leads to several housing developments; with one just completed directly across the street. Market value for the land alone reaches $150/m2, or $528,450. The C-Lots are fully registered with the Costa Rican National Registry as an amalgamation of the 2 contiguous lots. The property is completely fenced.

Costa Rican Permits & Agreements Document Type Description Architectural Drawings

Complete set of documents for entire condo complex of 20 units, guard houses, recreation area, parking, storage units, fencing and landscaping.

Engineering Specs Complete set of specifications for construction of complex. Includes specs for land formation, concrete, structural, floor, sub-floor, carpentry, ceilings, walls , cabinetry, windows, doors, locks, pluvial installations, paints, A/C, mechanical, electrical, computer and telephone network elements of the project

Sewage Treatment Plant Plans

Complete approved and paid-for set of plans for the self-contained sewage treatment plant designed for the complex.

Soil Tests Results Complete set of soil test results performed by a duly registered and certified Costa Rica professional soil-engineering firm.

Artistic Renderings Professionally developed renderings of the project are available in high-resolutions format.

Costing Information Detailed costing information for the entire project.

Construction Bids 2 fixed price bids with cost and materials breakdown from respected Costa Rican builders. ***Additional estimates available through Coldwell Banker Del Mar Realty Nosara’s Concierge Services

Geotechnical Testing Report

Analysis by a certified Costa Rica professional to determine the compactness of the stratum and the acceptable capacity of the property to support the planned structures.

Filtration Study Report Formal analysis by a certified Costa Rica professional to define and evaluate the characteristics of the soil filtration as related to the planned sanitary system.

Municipal Drainage Approval

Document from Municipality of Nicoya granting formal approval for drainage of pluvial waters from the project.

PermitsPermit Type Description College of Architects & Engineers

Fully approved and paid building permit.

SETENA (Secretaria Técnica Nacional)

Fully approved and paid permit from the national environmental agency. Obtained through development of a holistic environmental impact study, completed by a series of certified Costa Rica professionals including environmental engineers, soil engineers, social scientists and urban planners. In addition, contractual arrangements for ongoing professionally certified monitoring and reporting are in place.

INVU (Instituto Nacional de Vivienda Y Urbanismo)

Fully approved and paid permit from the national urban planning agency.

Twenty-one Water Permits

Completed and approved permit from national water agency. Also, fully approved and paid authorization from the Nosara Water Board for the full provision of regulated subdivision water to the complex.

Contracts & Legal DocumentsContract Type Description Buyer Sales Agreement Effective legal contract for pre-construction sales of the

condominium units.

Project Marketing and Sales

Exclusive sales and marketing agreement with Coldwell Banker Del Mar Realty, Nosara, part of the Coldwell Banker Costa Rica and Coldwell Banker International global reach.

Construction Contract Effective legal contract that can be used to retain a builder for the project.

Sewage Treatment Contract with a nationally recognized engineering firm to design and install a self-contained sewage treatment plant for the site.

Formal Construction Inspections

Arrangements in place for professionally certified electrical, mechanical and structural engineering inspections of the project, once in-progress.

Title Insurance Agreement

Agreement with Stewart Title Costa Rica to provide title guaranty for all buyers through Facio Abagados, located in Plaza Roble, Escazu.

Pricing Structure: Based on 24 Months Build Time 10 Months With 24 Months To Sell All Units

Type of Units # of Units Price

Commercial units 840 ft2 1 $179,000 Commercial units 720 ft2 9 $149,000 Condo 720 ft2 6 $189,000 Condo 600 ft2 4 $169,000 Gross Profit $3,330,000 Less Initial Capital Investment Cost of Land and Assets (350,000) Construction Costs & Site Prep (1,200,000) INCL: Condo Construction and Management Guard House Common Areas Landscaping Entrancing and fencing Legal/Notary Fees & Prop Transfer (15,000) Total Capital Investment $(1,565,000)

Net Profit $1,765,000

Return on Investment (ROI) 112.77%

Commercial Leasing Option

Total Capital Investment $1,565,000 Lease Income Monthly Per Unit 1 Commercial units of 840ft2 $(1,500) 9 Commercial units of 720ft2 $ (1,300) 6 Apartment units 2BD/1BA $ (1,000) 4 Apartment units 1BD/1BA $ (875) Gross Monthly Income from Rentals $(22,700) Minus Maintenance and Employment Expenses $(2,500) Net Monthly Profit from Rentals $20,200 Annual Return on Investment (ROI) $242,400 15.48%

REGIONAL OVERVIEW: GUANACASTE

The heart of Costa Rica’s flourishing Real Estate industry consists of the beaches of the Guanacaste Province in the country’s northwest. Guanacaste is known for its varied terrain and climates, from the cool volcanoes, coffee plantations and cloud forests of the inland mountains to the white sand beaches, blue Pacific waters, rolling hills, and tropical jungles of the Nicoya Peninsula. A main attraction for the eco-tourism that drives Costa Rica’s economy is the wildlife preserves located in Guanacaste. The town and beaches of Nosara play a huge role in this draw.

WHY VISITORS CHOOSE NOSARA

52% of tourists visit for leisure and recreation, drawn by the tranquility, peace and friendliness of the Nosara region. Activities such as Sport Fishing, Surfing, Snorkeling, Nature-Hiking, Bird Watching, Kayaking, Horse-Back Riding and Canopy Tours are examples of some of the activities Nosara has to offer.

Example Amenities 2-5 minutes Walking Distance Villa Pelada Condominiums and Clubhouse Panchos Cabinas, Restaurant/Deli and Mini Market Refugio del Sol Hotel and Restaurant La Luna Restaurant Hotel Playas de Nosara Hotel Almost Paradise Olga’s Restaurant La Lagarta Lodge (ecological hotel) Villas Las Tecas Condos Las Palmas Condos Las Flores Nosara B&B Nosara Tennis Courts

Example Amenities in nearby Playa Guiones (5-minutes Driving Distance): Banco Popular Casa Tucan Bar/Restaurant with live music Surf Diva All-Female Surf Retreat Private Surf Lessons through Casa Tucan Harbour Reef Hotel, Bar/Restaurant, General Store with live music Hula Spa offering facials, massage, aesthetic treatments Harmony Hotel, spa and organic restaurant Nosara International Yoga Institute Café de Paris French Bakery and Restaurant Coconut Harry’s Surf Shop Marlin Bill’s ocean view bar and restaurant Soda Tica typical-style restaurant Playa Guiones Mall and Shopping Center offering:

Art, ceramics, jewelry and gift shops National and Toyota Rent-A-Car Let’s Go Nosara Tourism Information The Body Work Shop with spa/massage/holistic health treatments Robin’s Ice Cream, Coffees and Gelateria