Located at Riviera Maya, in an Beautiful Beach & Green Nature Enviroment, Bahía Príncipe offers an

exclusive option for those who want enjoy life while playing Golf & breathing the refreshing breeze of the

Mexican Caribbean.

Bahia Principe - Location

Only at 1h 10min from Cancun

International Airport, which receives

the largest number of flights into the

country from abroad.

And just 10 km from Tulum, the

municipality with highest development

perspective of the area.

Project’s General Overview: Inside the tourist complex of Bahia Principe, it has been created something unique in the area: Bahia

Principe, Residence & Golf Resort which offers to whom buys and invests, exclusive residences and

condos, large protected nature areas, beach, golf and hotel services, All in One.

-Golf Course (18 holes + 9 holes Par 3)

-3 All Inclusive Hotels

-Clubhouse

-Beach Club

-Shopping Mall

Architectural Project:

Architectural Project:

Architectural Project:

Architectural Project:

Architectural Project:

Architectural Project:

Units: 24 Apartments

Location: Riviera Maya, Q. Roo

Construction Area: 4,627.00 m2

Terrain Surface: 2,845.59 m2

Total Sales: $8’190,000 USD

Total Rent Income $3’732,954 USD

Total Incomes: $11’922,954 USD

Gross Margin: $3’615,140 USD (30.32% On Sales)

Investment: $5’775,000 USD

Investor’s Result: $ 3,000,566 USD (After Income Taxes and expenses)

Investor´s IRR: 9.02% Anual (After Income Taxes and expenses)

Investment period: 6 years, 2 months

Return On Investment: 51.96% (After Income Taxes)

Note: These are indicative results. They may vary.

Investment & Profits:

-6,000,000

-4,000,000

-2,000,000

0

2,000,000

4,000,000

6,000,000

2014 2015 2016 2017 2018 2019 2020

INVESTOR'S CASH FLOW (UDS)

DESCRIPTION:

Acquire the 24 apartments project in fully operation and

produce money on Vacation Rental´s Business.

Optionally, to require investment, it was proposed to

start selling the project at year 5. Obtaining both

significant gains Capital and Cash Flow during the

rental phase.

Cost of Terrain, 10.06%

Construction,

29.38%

Marketing & Sales

Commissions,

8.11%

Administration,

Licenses &

Permits,

8.86%

Rent Costs, 13.26% Gross

Margin, 30.32%

Cost's Structure

Cash Flow: TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL

TOTAL % 2014 2015 2016 2017 2018 2019 2020

SALES

Total Sales 24 - 0 0 0 0 0 20 4

Total Units Delivery 24 - 0 0 0 0 0 20 4

OPERATING CASH INFLOWS

Dow n Payments 2,457,000 20.61% 0 0 0 0 0 2,000,700 456,300

Supplementary Payments 5,733,000 48.08% 0 0 0 0 0 4,668,300 1,064,700

Rent Income 3,732,954 31.31% 0 796,136 796,136 796,136 796,136 540,456 7,954

TOTAL OPERATING CASH INFLOW 11,922,954 100.00% 0 796,136 796,136 796,136 796,136 7,209,456 1,528,954

OPERATING OUTFLOW

Cost of Terrain 1,200,000 10.06% 1,200,000 0 0 0 0 0 0

Urbanization & Infrastructure 747,408 6.27% 747,408 0 0 0 0 0 0

Construction 2,756,047 23.12% 2,756,047 0 0 0 0 0 0

Administration, Licenses & Permits 1,056,361 8.86% 1,056,361 0 0 0 0 0 0

Marketing & Sales Commissions 966,630 8.11% 0 65,032 65,032 65,032 65,032 578,545 127,956

Rent Costs 1,581,367 13.26% 0 337,262 337,262 337,262 337,262 228,950 3,369

TOTAL OPERATING CASH OUTFLOW 8,307,813 69.68% 5,759,816 402,294 402,294 402,294 402,294 807,495 131,325

GROSS MARGIN 3,615,140 30.32% -5,759,816 393,842 393,842 393,842 393,842 6,401,961 1,397,628

FINANCIAL CASH FLOW

FINANCIAL INFLOW

Investment Partners 5,775,000 48.44% 5,775,000 0 0 0 0 0 0

TOTAL FINANCIAL INFLOW 5,775,000 48.44% 5,775,000 0 0 0 0 0 0

FINANCIAL OUTFLOW

Investment's Whitdraw 5,775,000 48.44% 0 0 0 0 0 4,812,500 962,500

TOTAL FINANCIAL OUTFLOW 5,775,000 48.44% 0 0 0 0 0 4,812,500 962,500

FINANCIAL RESULTS 0 0.00% 5,775,000 0 0 0 0 -4,812,500 -962,500

CONSOLIDATED CASH FLOW

Gross Margin 3,615,140 30.32% -5,759,816 393,842 393,842 393,842 393,842 6,401,961 1,397,628

Financial Results 0 0.00% 5,775,000 0 0 0 0 -4,812,500 -962,500

Partner's Expenditures (Taxes, Auditing, etc.) 614,574 5.15% 0 66,953 66,953 66,953 66,953 41,901 304,861

Results Withdraw - Partners 3,000,566 25.17% 0 326,889 326,889 326,889 326,889 204,573 1,488,439

CASH FLOW RESULTS 0 0 15,184 0 0 0 0 1,342,987 -1,358,171

ACUMULATIVE CASH FLOW 15,184 0 15,184 15,184 15,184 15,184 15,184 1,358,171 0

SUMMARYOPERATING CASH FLOW