Investment Opportunity San Jos Costa Rica 2017 Strictly

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Investment Opportunity San José, Costa Rica 2017 Strictly Private & Confidential 1

Investment Opportunity San José, Costa Rica 2017 Strictly Private & Confidential 1

Strictly Private & Confidential Disclaimer This document was prepared by Haitong Securities USA LLC

Strictly Private & Confidential Disclaimer This document was prepared by Haitong Securities USA LLC (“HTUS”), a U. S. registered broker-dealer and member of FINRA and Prival Bank (“Prival”), a Panamanian investment bank. This document is for discussion purposes only and is incomplete without reference to, and should be viewed solely in conjunction with, the oral presentation provided by HTUS or Prival. Neither this report nor any of its contents may be disclosed or used for any other purpose without the prior written consent of HTUS or Prival. This presentation is for informational purposes only and was prepared for use with institutional and major institutional investors. Nothing in this presentation is meant, and should not be taken, as a solicitation or offer to purchase or sell securities in any jurisdiction. Notwithstanding references and information on affiliated entities, this presentation does not recommend the use of any related entity. Securities transactions in the U. S. are conducted through HTUS. This presentation does not constitute a commitment by any HTUS, Prival or any related entities to underwrite, subscribe for or place any securities, to extend or arrange credit or to provide any other financial services. HTUS, Prival and their respective affiliates do not provide tax or accounting advice. HTUS employees are not authorized to give any such advice. The information contained in this document is private, strictly confidential and cannot be transmitted or reproduced. This document has been prepared by Prival and HTUS based on the information administered by the Company. The necessary precautions have been taken to insure the quality of the information presented in this document. Nonetheless, Prival and HTUS do not guarantee the quality or trueness of the information. This document does not represent an offer. The information contained should not be considered as a substitute of the potential investor´s judgment. The information contained is subject to changes without the obligation of a previous announcement. 2

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold Free Zone q Why investment in Costa Rica? q Appendices 3

Strictly Private & Confidential Freehold Free Zone Project Executive Summary • Freehold Free Zone

Strictly Private & Confidential Freehold Free Zone Project Executive Summary • Freehold Free Zone (The Company), is a mega real estate free trade zone development of 588, 793 m² (145. 5 acres). • Freehold Free Zone S. A. is incorporated in Costa Rica with ID# 3 -101 -704055. REGISTRATION OF PROPERTY 2002 Folio Real: 7 -108. 626 -000 cadastral plan: L-825983 - • This Free trade zone complex is strategically located in the town of Siquirres, Limon and is directly over the main highway linking the capital San Jose with the Port of Limon, the largest port in the country, offering excellent public transportation access and close proximity to the towns of Siquirres, Guapiles and Limon. It is 46 miles from the Juan Santa María International Airport and approximately 31 miles from the Moin Port in Limon. • The sponsors look to address the much needed demand for office space on the heel of the construction of the largest port in the country, the US$1 Billion APM Terminals in the Moin Port, currently under construction on the Caribbean Sea and scheduled for completion in Second Quater 2018. • Free zone developments are income tax free incentives offered by the Costa Rican government to attract foreign and domestic companies interested in operating in the country. 4

Strictly Private & Confidential Freehold Free Zone Project Executive Summary (cont’d) Phase II The

Strictly Private & Confidential Freehold Free Zone Project Executive Summary (cont’d) Phase II The Project will be developed in two phases: • In addition to the initial capital investment made by the Sponsor (US$16. 4 million), Freehold Free Zone is seeking to raise US$50 million in private equity or debt. • Two office buildings of 3, 000 m 2 each housing approximately 36 customizable offices. • Ten customized commercial blocks of 5, 000 m 2 each. • 1, 000 Parking spaces (5 m 2 each). • Phase II will be developed over an estimated 24 month period with a US$150 million investment. • Phase II will begin with the development of the industrial and logistic park, and will have four times the size of Phase I. The Project will feature the latest and greenest technology available today. In addition to housing corporate offices, logistics, production, international call centers, trading companies and operating centers, the development is also projected to feature a bank, a strip mall and a hotel. Construction is scheduled to commence in 2018. 5

Strictly Private & Confidential Chief Executive Officer Free. Hold Free Zone CEO Mr Diego

Strictly Private & Confidential Chief Executive Officer Free. Hold Free Zone CEO Mr Diego Garro Mission Statement Mr. Luis Diego Sanchez Garro with ID: 4 -159 -827 is the CEO of Freehold Free Zone and President of Corporation SPI Holding group, a conglomerate of companies in Costa Rica and with presence in the region. He was appointed as the Legal Representative and has over 20 years of experience in various industries. He has managed to develop synergies with the banking, medical, government, and real estate sectors. The diversity of the Group’s business achievements ranges from environmental projects to long-term Government projects. Such projects include disposable medical equipment and supplies, placement of financial products, credit bureau, support services, and invoice discounting. The Group’s annual gross revenues (including participation billing with the company American Assist) exceed US$100 million. “The sponsor’s mission is to develop the Freehold Free Zone project into a premier regional development business complex that will develop, sell and lease commercial units profitably, while providing much needed jobs to the town of Siquirres” 6

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold Free Zone q Why investment in Costa Rica? q Appendices 7

Strictly Private & Confidential Location Pacuarito, Siquirres, Limón Location Phase I • Free. Hold

Strictly Private & Confidential Location Pacuarito, Siquirres, Limón Location Phase I • Free. Hold Free Zone business center is located in a area of 145. 5 acres, approximately 2. 5 km west of the bridge over the Cimarron river, on national route 32 San Jose – Limon, in Pacuarito of Siquirres, Limon. • The site is located approximately 122 km of the Juan Santamaría Airport, 45. 6 km of Moin Port, in the Province of Limon, Republic of Costa Rica. Influence Area Source: SPI Costa Rica Phase II Source: SPI Costa Rica 8 • Phase II will be developed over an estimated 24 month period. The project will feature the latest and greenest technology available today. • Phase II will begin with the development of the industrial and logistic park, and will have three or four times the size of Phase I.

Strictly Private & Confidential Free. Hold Free Zone Project Products & Services Overview Offices

Strictly Private & Confidential Free. Hold Free Zone Project Products & Services Overview Offices Development The business center will be eco-friendly and therefore will endeavor to maintain as much of the property’s inherent flora and fauna, as possible. The Project will also feature the following: • Electrical access • Telecommunications (cable and high speed Internet) • Potable water • Plumbing Services • Treatment Plant • Electronic Access and Security Systems Water • Access to Human Capital • Training of Human Capital • Exclusive employee transportation • Medical Services • Banking Services • Food Court Services • Mini Market • Garbage Collection System • Common areas maintenance • Customizable offices and commercial blocks 9

Strictly Private & Confidential Sponsors SPI Corporation: Is the Holding company and owner of

Strictly Private & Confidential Sponsors SPI Corporation: Is the Holding company and owner of Freehold Free Zone SA. It also owns six companies headquartered in Costa Rica and servicing the Latin American region. It has been in operation for 15 years and employs over 2, 000 people in 22 countries. ADD Integral Solution: A credit bureau company operating in Costa Rica and Panama. It’s primary function is to add value to its clients through data collection campaigns, placement of loans, credit cards, mortgages and other financial products. American Assist Company: Value-added company with a 24/7 support system it operates in 22 countries and in Costa Rica with 25 corporate clients and over 400 thousand customers in coverage. Services are given to banks, financial cooperatives, telecommunications and insurance companies. Biomicrotech: Distributes disposable medical supplies in Costa Rica. It also sells to private companies and to the Costa Rican government (CCSS). The list of products comprises medical equipment, drug testing kits, syringes, etc. Asofactoring: Service company focused on discounting bills for Credit Union associations. Environmental Partners SA: Company located in International Environmental Partners, LLC, with offices at New York. Central American countries include Honduras, Nicaragua, Panama and. Costa Rica. The business is based on the commercialization of carbon credits for environmental protection. Virtual Mall Daytona: A mall for online purchase and redemption of points for cardholders focused mainly on banks. It’s main client is Banco Nacional de Costa Rica. 10

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives Overview The Free Trade

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives Overview The Free Trade Zone Regime is the mainstay of Costa Rica‘s export and investment promotion strategy. It is a set of incentives and benefits granted by the Costa Rican government to companies making new investments in the country and it provides tax incentives, as stated in the Free Zone Regime Act#7210, Act#8794, and in its Bylaws. Companies that may apply for the Free Trade Zone System Regime: Export Services Companies: 50% of services must be exported. Strategic Sectors or Companies: Outside the greater metropolitan area. Scientific Research Firms: Either companies or organizations. Significant Suppliers: 40% of sales to Free Trade Zone companies. List of incentives granted: Costa Rica´s tax incentives and benefits are standardized. They apply to any and all companies according to their operation, so there is no need for negotiation on a per case basis. In addition, entities wishing to set up operations in areas outside the Greater Metropolitan Area (GMA) can enjoy greater benefits. 11

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives – Inside Metropolitan Area

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives – Inside Metropolitan Area Inside the GMA All Sectors: 100% TAX EXEMPTION No Expiration Period • Custom duties on imports/exports • Withholding tax on royalties and fees • Interest Income • Sales tax on local purchase of goods • Stamp duty 10 Years Period(*) • Property Transfer Taxes (*) Note: The 10 year period will start after the 3 -year grace period is over or when the company starts operations, whichever comes first, but the benefit will be granted immediately upon approval of FZ Regime. Services Projects Manufacturing Projects(*) *NOTE: Manufacturing companies with an investment that exceeds US$10 million and 100 employees, established under the Free Trade Zone Regime. For smaller manufacturing operations, companies will pay a preferential 6% income tax rate for 8 years and 15% for another 4 -year period (statutory income tax 30%). FIRST 8 YEAR PERIOD FOLLOWING 4 YEAR PERIOD INCOME TAX EXCEMPTION 100% 50% In all cases, multiple additional 8 -year renewals periods may be granted if significant reinvestment is made. 12

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives – Outside Metropolitan Area

Strictly Private & Confidential Free Trade Zone Regime Tax Incentives – Outside Metropolitan Area Outside the GMA All Sectors outside the GMA: 100% TAX EXEMPTION No Expiration Period • Custom duties on imports/exports • Withholding tax on royalties and fees • Interest Income • Sales tax on local purchase of goods/services • Stamp duty FIRST 12 YEAR PERIOD FOLLOWING 6 YEAR PERIOD INCOME TAX EXCEMPTION 100% 50% NOTE: Companies with an investment that exceeds US$10 million and 100 employees, established under the Free Trade Zone Regime. Additional 12 -year renewal may be granted if reinvestment is made (statutory income tax 30%) 13

Strictly Private & Confidential Licenses Legal Documents & Licenses Available • Company Agreement. •

Strictly Private & Confidential Licenses Legal Documents & Licenses Available • Company Agreement. • Executive Agreement 01922016 April 2016 signed by the President of Costa Rica. • Operations Agreement Procomer ZF 981633. • DGA (Dirección General de Aduanas) of Ministerio de Hacienda for Operations. • Alignment License of MOPT Transportation and Public Works). (Minister of • Land Use and Construction License of Municipality of Siquirres. • City Council Permission (Visado Municipal). • Contract of CINDE. • Environmental Analysis for Procomer. 14

Strictly Private & Confidential Financial Plan – Key Assumptions Phase I and Phase II

Strictly Private & Confidential Financial Plan – Key Assumptions Phase I and Phase II Financials Key Assumptions Phase II Area 56, 000 sq. M Area 224, 000 sq. M Area for Rent 28, 000 sq. M / 50% Area for Rent 112, 000 sq. M / 50% Area For Sale 28, 000 sq. M / 50% Area For Sale 112, 000 sq. M / 50% Rent Price US$ 258/sq. M Rent Price US$ 299/sq. M Sale Price US$ 1, 768 /sq. M Sale Price US$ 2, 046 /sq. M Requiered Funds US$ 50, 000 Requiered Funds US$ 150, 000 Financing 50% General Assumptions Canon Rate PROCOMER 4. 00% Rental Growth 5. 00% Sales Price Growth 5. 00% Cost to Build US$ 675 15

Strictly Private & Confidential Financial Plan – P&L Phase I and Phase II Financials

Strictly Private & Confidential Financial Plan – P&L Phase I and Phase II Financials Construction Period P&L 16 Phase I + Phase II

Strictly Private & Confidential Financial Plan – P&L Phase I and Phase II Financials

Strictly Private & Confidential Financial Plan – P&L Phase I and Phase II Financials Income Net Income (Thousands US$) 109, 518 98, 849 175, 597 143, 746 Construction Period 43, 141 - - 39, 514 24, 873 43, 564 41, 489 34, 151 23, 523 - Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Property Sales Rental Income - - - Net Income Source: Management Information SG&A Trade Balance (Thousands US$) 677 635 635 - - 85% 86% 200, 000 90% 80% 70% 150, 000 61% 60% 119, 850 104, 638 50% 100, 000 40% 35, 574 30% 50, 000 26, 167 33, 598 37, 648 20% 16, 952 10% 0% - 0% 0% 0% Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 635 68% Construction Period - 36, 142 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total Revenues Source: Mangement Information - 32, 254 15, 375 - Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total SG&A Operating Profit Source: Management Information 17 68% 73% % Income

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold Free Zone q Why investment in Costa Rica? q Appendices 18

Strictly Private & Confidential Costa Rica Strategic Location Flying to Costa Rica • Juan

Strictly Private & Confidential Costa Rica Strategic Location Flying to Costa Rica • Juan Santamaría San José, Airport • • • Daniel Oduber Liberia, Airport 1. 8 million, yearly passengers traveling by air, 5, 093 per day. +1, 000 international flights, leaving and entering the country weekly. 2 internationals airports, with the highest standards in the region. With over US$155 million invested, the expansion and modernization of the two main international airports have greatly improved efficiency. Source: CINDE Convenient Access • Caribbean Sea Access Limon & Moin Port • • • Pacific Sea Access Caldera Port 1. 1 millions port moves (TEU), on both Caldera Port and Limon/Moin Port. 10 th place, in ranking by volume in LATAM for Limon/Moin Port. 1, 458 ships handled, annually on boat coast lines. US$ 1 Billion investment, represents the new terminals in both the Pacific Coast and the Caribbean that are scheduled to open in the next years. Source: CINDE 19

Strictly Private & Confidential Costa Rica Utilities Infrastructure Overview Costa Rica has a solid

Strictly Private & Confidential Costa Rica Utilities Infrastructure Overview Costa Rica has a solid utilities infrastructure that goes from having a powerful, redundant and reliable energy supply network (from renewable energies such as geothermal heat, biomass, eolic and hydroelectric), to promoting the creation of strategically located industrial parks and business centers. • Almost 100% of electricity is generated from clean, renewable sources. • 3 redundant fiber optic submarine cable conection. • +77, 000 employees working in industrial parks and business centers. • +20 industrials parks and business centers around the territory. Free. Hold Free Zone Renewable Energy Plants International Airports Industrial Parks and Business Centers Seaports Fiber Optic Submarine Cables Source: The Costa Rican Investment Promotion Agency (CINDE) 20

Strictly Private & Confidential Costa Rica Macroeconomic Overview GDP Growth Inflation Rate (End of

Strictly Private & Confidential Costa Rica Macroeconomic Overview GDP Growth Inflation Rate (End of Period) 6. 00% 5. 00% 6. 00% 4. 80% 5. 00% 4. 70% 4. 00% 4. 40% 4. 30% 3. 70% 4. 30% 5. 13% 4. 55% 4. 00% 3. 68% 3. 00%3. 00% 2. 00% 1. 00% 2. 30% 2. 00% 0. 00% 1. 00% -1. 00% 0. 00% 2012 2013 2014 2015 2016 2012 2013 560 2016 2017 e 2018 e 2019 e 2020 e -0. 81% Trade Balance (000´ US$) 20, 000 18, 014 17, 591 18, 000 15, 562 15, 129 16, 000 14, 000 11, 603 11, 457 12, 000 9, 197 9, 136 10, 000 8, 000 6, 000 4, 000 2012 2013 2014 2015 Exportaciones Importaciones 552. 4 550 540 535. 0 534. 0 530 520 510 499. 1 499. 6 480 470 2012 2015 Source: BCCR/IMF Exchange Rate (CRC/USD) End of Period 490 2014 -2. 00% 2017 e 2018 e 2019 e 2020 e Source: BCCR/IMF 500 3. 00% 2. 30% 2013 2014 2015 2016 Source: BCCR/IMF 21 15, 325 9, 920 2016

Strictly Private & Confidential Costa Rica Business Environment Foreign Direct Investment Political Stability (Latam)

Strictly Private & Confidential Costa Rica Business Environment Foreign Direct Investment Political Stability (Latam) (000´ US$) 3, 500 2, 741 3, 000 2, 500 2, 879 Uruguay 3, 000 2, 820 82. 86 Costa Rica 2, 258 63. 81 Panama 59. 52 1, 500 Chile 59. 05 1, 000 Argentina 500 Brazil 2, 000 0 2012 2013 2014 2015 Mexico 2016 Source: BCCR 17. 62 Safety Index (Latam) Uruguay 8. 17 Costa Rica 7. 96 Chile 7. 84 7. 19 Argentina 7. 02 Brazil 6. 96 Mexico 34. 29 Source: World Bank Governance Indicators Democracy Index (Latam) Panama 44. 76 6. 55 Costa Rica 2 Chile 2 Panama 3 Argentina 3 Colombia 4 Bolivia 4 Mexico 5 Guatemala 5 Source: Latin Business Chronicle Source: The Economist Democracy Index 22

Strictly Private & Confidential Costa Rica Demographic Overview Costa Rica Siquirres Canton POPULATION Official

Strictly Private & Confidential Costa Rica Demographic Overview Costa Rica Siquirres Canton POPULATION Official Population 4, 480, 379 Habitants Official Population 21, 195 Habitants ECONOMIC AND SOCIAL DEVELOPMENT Human Development Index 0. 753, position 50 out 81. Human Development Index 0. 766, position 69 in the world. EDUCATION Illiteracy: 3. 7% Illiteracy: 3. 5% Population with Higher Education: 20. 3% Population with Higher Education : 9. 5% EMPLOYMENT Employed Population: 2, 046, 366 11. 8% Agriculture 18. 6% Trade Employed Population: 17, 789 49. 4% 10. 9% Agriculture Industrial Source: CINDE Costa Rica 23 14. 4% Trade 13. 1% Industrial

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold

Strictly Private & Confidential Table of Contents q Executive Summary q Overview of Freehold Free Zone q Why investment in Costa Rica? q Appendices 24

Strictly Private & Confidential Appendix A Strategic and Market Analysis (I) • Costa Rica

Strictly Private & Confidential Appendix A Strategic and Market Analysis (I) • Costa Rica is a unitary country and an independent and sovereign republic, composed of 7 provinces: Alajuela, Cartago, Guanacaste, Heredia, Limón, Puntarenas and San José, the capital. Provinces are divided into 81 administrative units (cantones), each of them directed by a mayor who is elected every 4 years. The lower administrative level includes 421 districts. • CINDE (Costa Rican Investment Promotion Agency) identifies four main investment sectors in Costa Rica: Services, Advanced Manufacturing, Life Sciences, and Clean Technologies. The organization tracks the development and growth of each sector, which has flourished in the past decade – just the Services industry alone has grown 2160% since 2000. CINDE attributes Costa Rica's successful investment atmosphere to an excellent business climate, strategic location, proven track record, modern infrastructure, and highly qualified work force. • PROCOMER (Foreign Trade Corporation of Costa Rica - Promotora del Comercio Exterior Costa Rica) estimates that there are over 300 multinational and national companies operating in free trade zones in the country. On an annualized basis, these companies generate exports exceeding US$12 billion dollars while concurrently generating more than 80, 000 direct and over 42, 000 indirect jobs. The province of Limon does not have a single free trade zone in operation. This presents an excellent opportunity for The Company to develop, sell and lease its properties. 25

Strictly Private & Confidential Appendix A Strategic and Market Analysis (II) • Several factors

Strictly Private & Confidential Appendix A Strategic and Market Analysis (II) • Several factors contribute to Costa Rica's successful business climate. The nation's largely bilingual workforce is highly educated, boasting a 95% literacy rate. The World Economic Forum's Global Competitiveness Report ranks Costa Rican education as the best in Latin America, and the 22 nd best in the world. Many of the country's 60 universities and 95 technical colleges focus on training students specifically for employment with foreign investors. • A stable economy and political environment complement the nation's solid education system. Costa Rica has enjoyed over 100 years of democracy and abolished its army in 1948, garnering a worldwide reputation for peace. The World Bank's Worldwide Governance Indicators 2010 ranks Costa Rica 2 nd for Political Stability. • Costa Rica is referred to as the "Silicon Valley of Latin America" a reflection of the nation's reputation for attracting investment from high technology corporations. According to the World Bank's World Development Indicators 2011, Costa Rica is Latin America's #1 high-tech exporter and the fourth high-tech exporter in the world. 26

Strictly Private & Confidential Appendix B Active Multinational Companies in Costa Rica Source: CINDE

Strictly Private & Confidential Appendix B Active Multinational Companies in Costa Rica Source: CINDE 27

Strictly Private & Confidential Appendix C Potencial Clients in Costa Rica (I) Source: CINDE

Strictly Private & Confidential Appendix C Potencial Clients in Costa Rica (I) Source: CINDE 28

Strictly Private & Confidential Appendix C Potencial Clients in Costa Rica (II) Source: CINDE

Strictly Private & Confidential Appendix C Potencial Clients in Costa Rica (II) Source: CINDE 29

Strictly Private & Confidential Appendix D Government Development Program “Costa Rica desde el Caribe”

Strictly Private & Confidential Appendix D Government Development Program “Costa Rica desde el Caribe” “Costa Rica desde el Caribe" program according to the executive order 38828 signed by the president Luis Guillermo Solis, is an interinstitutional alliance that will be coordinated by the Regional Council for the development of the Province of Limón (COREDES-PROLI). This institution will be in charge of providing quarterly reports to the presidency regarding the progress of projects integrated into the The Discovery Ranch, 880 -hectare in Liberia, Guanacaste program. El Limon Province Source: Government of Costa Rica The initiative is composed by 75 projects and initiatives, which according to the Executive, attend recommendations of province people. It would also mean a private investment of around US$1 million. Currently Projects in the Province The development projects include water and port infrastructure, job training for 5, 387 at-risk youth, temporary employment for more than 5, 000 people, and improvements to public services, among others. 30 • Extension and rehabilitation of the route 32. • MOIN Terminal Project • Hydroelectric Project Reventazon. • Mercado Regional Mayorista Huetar Caribe. • integrated Pipeline El Limon Sur.

Strictly Private & Confidential Appendix E Route 32 Expansion Project Description The project is

Strictly Private & Confidential Appendix E Route 32 Expansion Project Description The project is key for Limón residents, the tourism sector and for the operation of the new Moín Cargo Terminal, currently under construction and scheduled for completion in 2018. It involves the expansion from two to four lanes of a 107 -kilometer stretch of Route 32, between Río Frío and downtown Limón. It also includes the construction of 26 kilometers of bike paths, 26 kilometers of The Discovery Ranch, 880 -hectare in Liberia, Guanacaste secondary routes and five intersections: one each at Río Frío, Guápiles and Siquirres, and two connecting to the Moín cargo dock. Source: Government of Costa Rica About CHEC Construction is expected to take 42 months, eight for design and 34 for construction. The Chinese government will fund $395 million and Costa Rica will add $100. 5 million. The approved contract stipulates that CHEC will be responsible for both the design and the construction stages of the expansion. Costa Rica will be in charge of outlining all supervising mechanisms for the project. 31 • CHEC (China Harbour Engineering Company Ltd), is a world-renowned international contractor that is a subsidiary of CCCC (China Communications Construction Company Ltd). • CHEC has 50 overseas branches and offices with business activities covering more than 80 countries and areas.

Strictly Private & Confidential Appendix F Moin Container Terminal (I) APM Terminals is a

Strictly Private & Confidential Appendix F Moin Container Terminal (I) APM Terminals is a Dutch company that specializes in developing and operating container terminals. The company has a presence in 58 countries and participates in 70 port terminals and a combination of 200 logistical centers on land around the world. Globally, APM Terminals has more than 20, 600 employees. Project Highlights • • APM Terminals will finance the construction of the MCT, which is estimated to cost one billion dollars, with a concession term of 33 years, will begin operations in 2018. Finished in three construction phases, the MCT will have an approximate area of 80 hectares with docks 1, 500 meters long and 16 meters deep. There will be an access channel that is 18 meters deep, 39 electric container cranes and 9 Super-Post Panamax gantry cranes. • The terminal will also have administrative buildings, areas for handling dry and refrigerated containers, workshops, and complementary equipment. Phase 2 A Phase 2 B Phase 3 Total 1, 577 Mts 413 Mts 440 Mts 2, 430 Mts 650 Mts 250 Mts 600 Mts 1, 500 Mts Gantry Cranes 6 4 2 12 Conta. Cranes 29 16 15 60 e. RTGs Terminal Area 40 Ha 20 Ha 80 Ha 36 Months 24 Months N/A Sea Wall Dock Length Construction 32

Strictly Private & Confidential Appendix F Moin Container Terminal (II) Project Highlights APM Terminals

Strictly Private & Confidential Appendix F Moin Container Terminal (II) Project Highlights APM Terminals MOIN Source: APM Terminals Capacity *Container ships up to 8, 500 TEUs 24/7 for 365 days of the year. *After Phases 2 B, 3 will be able to handle ships with the largest design, the Panamax 13, 000 TEUs Concession Fee *Administration is 7. 5% of the net income, exclusively for development in the province. *APM will pay a 0. 5% municipal tax, oversight fees of 1. 0% and income tax of 30%. Benefits of MCT *Reduction in the logistical costs due to economies of scale. *Reduction in the waiting and docking times. *Socio-economic development of the region. 33 Employability *Currently APM Terminals has 40 positions. *The Contractor has hired more than 900 employees for the construction process. *The project will create approximately 650 jobs in 2017

Strictly Private & Confidential Appendix G New Foreign Investments Discovery Costa Rica Eco-Tourism Park

Strictly Private & Confidential Appendix G New Foreign Investments Discovery Costa Rica Eco-Tourism Park Discovery Communications Inc. has announced that it will license its name for a US$1 billion eco-tourism park in Costa Rica, will begin next year with an initial investment of US$400 million for the first stage, and it is expected that within 10 years all stages of the project will be completed. Local investment firm Sun Latin America will be responsible for developing the 800 -hectare The Discovery Ranch, 880 -hectare in Liberia, Guanacaste (1, 977 -acre) located 2. 3 kilometers (1. 4 miles) from Daniel Oduber International Airport in Liberia in the province of Guanacaste, a beach tourism destination some 225 kilometers (139. 81 miles) north of the capital. Discovery Costa Rica is scheduled to open in late 2020. Source: Discovery Costa Rica Highlights The ranch will include hotels, a hospital, school and wellness complex, bike and hiking paths, sports training facilities, an inland ocean, a water park and cabins, as well as outdoor spaces of dry forests, ravines, and canyon cliffs overlooking the Liberia River. 34 • The park, will generate some 2, 000 jobs during its 2018 -2020 construction, and once operational, will generate 4, 000 direct and indirect jobs. • The project will not use any water from any of the sources that supply the communities in Guanacaste, and will be submitted to the strictest environmental controls from all agencies involved.

Strictly Private & Confidential CONTACT INFORMATION • luisdiegogarro@freeholdfreezone. com • administracion@freeholdfreezone. com 35

Strictly Private & Confidential CONTACT INFORMATION • [email protected] com • [email protected] com 35