OFFER FOR DEVELOPMENT OF EXCLUSIVE HOTEL PROJECT IN OHRID, MACEDONIA We can offer the following Project based on "turn-key" level as follows: 80 completely furnished studios with average size of app. 40 m2 each or in total app.3,200 m2 net useable area, develop on a private property land (construction land) in total app.3.840 m2, located first coast line of Ohrid lake, 5minute's driving distance from Ohrid City Canter and 10 minute's driving distance from the Ohrid InternationalAirport. BASIC PROJECT DATA! ________________________________________________ Location: Ohrid, Macedonia Land size: 3.200 m2 Land property Private Price of the land: 1.200.000 euro / app. Average unit size: 40 m2 Number of units: 80 Total Hotel area: 3.840 m2 / app. Price per m2: 1.650 euro / without VAT Total value: 6.336.000 euro / without VAT Development period: 30 months (6 + 24 construction) from purchase of the land Entry fee: 10% on signing of the contract Payment: 90% after completed construction based on committed capital contract with fix price Commission fee: 3% of the land price Project design: 30 euro per net useable m2 of the units _____________________________________________________________________________________ If you are willing to participate and co-finance the project construction, then we can offer additional discount of - 18% on the nominal price per m2, or total price of 1.650 euro including VAT under following payment criteria: I. 10% on signing of the contract II. 30% on the beginning of the construction III. 50% on seamy finished units IV. 10% after completed construction of the units! __________________________________________________________________________________________ Looking forward to your replay we remain!