4 MORAKOT ISLAND PROJECT DEVELOPMENT ITHE INVESTMENT OPPORTUNITY This is an offering of a loan in the amount of $52.9 million in the Morakot Island development. The Tranche 1 - $31.1 million will be a debt which can be converted into equity at agreed upon time in consideration of a 20% interest in the project. The debt will bear interest at 8% paid quarterly in arrears. The Tranche 2 - $21.8 million is a loan which will bear interest at 6% paid quarterly in arrears. KEY SUCCESS FACTORS MAKING THIS OPPORTUNITY UNIQUE The Cambodian market is entering a substantial growth phase and the Cambodian government is dedicated to supporting any ambitious project able to promoteCambodia as a new active luxury tourist destinationgenerally, and specifically to the Morakot Island project. • There are no more islands suitable for a resort building in Cambodia, accessible by land transport; • Considerable investments have already been made; • Tourism arrivals to Cambodia grow substantially every year; • The resort hotels will be operated by international hotel brands (MOU are signed); • Use of the Fractional Model will expedite repayment of investment; • The Fractional Model of the project was developed by an experienced international team of consultants. MAJOR HIGHLIGHTS Developer investment to date: $129,8 MILLION Total project cost: $488,2 MILLION Estimated revenues – real estate sales: $1140 MILLION Estimated revenues hotel operations: $723,3 MILLION Net profit after debt service: $823,4 MILLION
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