Attachment D.   Details for Tropical D’Santo Cristo Beach Resort Phase I                          Licensing               ...
Content......................................................................................................................
Registro de Incorporacao documentThis document is the public document that every development project needs to have to beab...
Financial details Phase ISales revenueThe prices are distributed to sales agents. These prices are initial prices. Normall...
Construction costTotal                                                                               R$        24.087.200,...
Administration cost during constructionTotal                                                                 R$          5...
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Tropical d'santo cristo

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Tropical d'santo cristo

  1. 1. Attachment D. Details for Tropical D’Santo Cristo Beach Resort Phase I Licensing Financial www.7resorts.com.br
  2. 2. Content...........................................................................................................................PageRegistro de Incorporacao document............................................................................................. 3 Reference: ................................................................................................................................. 3 Public notary office and address ........................................................................................... 3 Contact person: ..................................................................................................................... 3 INCORPORATION CERTIFICATE .............................................................................................. 3Financial details Phase I ................................................................................................................ 4 Sales revenue ............................................................................................................................ 4 Details sales revenue units .................................................................................................... 4 Details Park Tropical .............................................................................................................. 4 Details Lake Tropical.............................................................................................................. 4 Details Duplex Bungalow....................................................................................................... 4 Details Beach Bungalow ........................................................................................................ 4 Details Vila Martin (commercial area) .................................................................................. 4 Construction cost ...................................................................................................................... 5 Administration cost during construction .................................................................................. 6 Estimated result / ROI ............................................................................................................... 6NOTICE TO RECIPIENTSThis Information is provided to inform professional real estate investors about a specific investment, its structure and the detailssurrounding the investment. This information is not produced or intended for members of the public or general circulation. Thisdocument details an investment through the purchase of the complete project named Tropical D´Santo Cristo Beach Resort,developed by Tropical D´Santo Cristo Resort Ltda. Prospective investors must rely on their own examination of the legal, taxation,financial and other consequences of any investment in this development. Prospective investors should not treat the contents ofthis information as advice relating to legal, taxation or other matters and, if in any doubt about the proposal discussed in thisinformation, its suitability, or what action should be taken, should consult a person qualified to advice on real estate investmentsof this nature.
  3. 3. Registro de Incorporacao documentThis document is the public document that every development project needs to have to beable to legally operate and start the sales. The “Registro de Incorporation” process takes up tomany years to complete depending on the size of the project, and location. Normally beachfront projects needs much longer time to be approved than residential projects, due to thevery strict environmental regulations in Brazil for beach front properties.When all public instances has approved a development, all the legal approval documents andlicenses are filed at the Notary Office in the municipality the development is located.The original documents for Tropical D’Santo Cristo Resort Ltda are stored at the public office ofthe Notary in Touros and register date was the 9th of August 2009.Reference:Public notary office and addressTOUROS PROPERTY REGISTRYTOUROS COUNTY – RIO GRANDE DO NORTERua Vereador Miguel Nery, 13,ZIP CODE 59584-000TOUROS/RNBRAZILPhone: +55 84 3263-2354Fax +55 85 3263-2256Contact person:CARLOS ROGÉRIO MACHADO DO NASCIMENTOEmail: snroficiounico@yahoo.com.brINCORPORATION CERTIFICATEOWNER: TROPICAL D’SANTO CRISTO RESORT LTDARegistered in Book “2-T” (General Registry), under page 21, no R-3, in connection withregistration number 3.153.
  4. 4. Financial details Phase ISales revenueThe prices are distributed to sales agents. These prices are initial prices. Normally duringconstruction and the sales process the prices increases. It is expected that total sales revenuewill become higher than the numbers shown below.Total sales revenue R$ 46,892,284,-Sales revenue units R$ 44,107,283,-Sales revenue Vila Martin R$ 2,785,000,-Details sales revenue unitsPark Tropical 23 apartments R$ 5,876,741,-Lake Tropical 24 apartments R$ 7,060,617,-Duplex Bungalows 36 units (detached bungalows) R$ 12,659,987,-Beach Bungalows 29 units R$ 14,335,655,-Bungalow no 12 (special version, 260m2) R$ 557,142,-Details Park Tropical 2 Unit number m Unit price PT 101 - 104 37 R$112,986.90 PT 105, 201, 301, 306 89 R$273,245.08 PT 202, 302 66 R$201,147.22 PT 203-206, 303-305 75 R$228,386.22 PT 401, 406 182 R$411,196.50 PT 402 126 R$332,063.55 PT 403 135 R$355,545.45 PT 404, 405 166 R$410,406.75Details Lake Tropical 2 Unit number m Unit price LT 101 - 112 82 R$250,098.03 LT 301 - 306 87 R$262,913.04 LT 401 - 406 140 R$413,660.52Details Duplex Bungalow 2 Unit number m Unit price 1 - 11, 13 - 37 211 R$452,142.41Details Beach Bungalow 2 Unit number m Unit Price 38 - 60 228 R$494,332.96Details Vila Martin (commercial area)This area is possible to sell individually as a commercial area. The 11 buildings of a total of780m2 will be rented out for restaurants, shops and bars. The commercial area has a total of2000m2
  5. 5. Construction costTotal R$ 24.087.200,- No units m2 interno Price per m2 Tot costBeach Bungalow 29 120 1,400 4,872,000Duplex Bungalow 36 140 1,400 7,056,000Commercial area 11 buildings 1 712 900 640,800Park Tropical apartments 23 70 1,400 2,254,000Lake Tropical 24 90 1,400 3,024,000 1,132 17,846,800 No units m2 externo Price per sqm Tot cost terrasseCommercial area 11 buildings 1 3,000 500 1,500,000 3,000 1,500,000 preco por Descripcao Unidades unidad TotalPreinstalacao tubos AC casa T1 e casa T2 (29 + 36 unidades x 3 quartos= 195 0 InclPreinstalacao tubos AC apto LT + PT (24 + 23 unidades) 92 0 InclServicos preliminares/instalacão do canteiro de obras 70000Muro de fechamento geral, 800m + 70m + 800m + 70m = 1740m x 3m altura 5220 80 417,600Ponte para carros, reformada 320 425 136,000Pontes de pedestres 1 35000 35,000Passeios para pedestres(metros) 1100 70 77,000Estacionamento e rua de veículos 3000 120 360,000Palmeras 300 130 39,000Paisagismo, plantas etc 850 40 34,000Grama 25000 3 75,000Movimento de terra 1 120000 120,000Equipamentos elétricos e eletrônicos, móveis, luminárias, decoracões, etc 520 150 78,000Piscina praia, 126m length 800 400 320,000Piscina centro, 87m length 800 400 320,000"Lagoa/Picina" a lado de Plaza Martin 1000 400 400,000Piscina do Park Tropical 350 400 140,000Quadras de padel 1 35800 35,800Quadras de tennis 1 53000 53,000Sistemas de seguranca 1 65000 65,000Illumanicao externa e jardins 1 100000 100,000Elevador Park Tropical 1 145000 145,000Rede de distribuicão de água 1 100000 100,000Estacoes de tratamento de esgoto, todos chalets, apartementos, e centro comercial 0 200000 200,000Rede de distribuicão elétrica e telemática 135 2600 351,000Rede de distribuicão de esgotos e águas pluviais 1 180000 180,000Placas e caldeiras para instalacão de aquecimento solar 1 180000 180,000Rede de combate a incêndio 1 140000 140,000Grupo gerador 1 80000 80,000Edificacões de apoio (casa de lixo e gás, casa do gerador, bombas e reservatório,casa para medidores 1 21000 21,000Antena Coletiva 1 8000 8,000Guarita/Entrada 60,000Torre de aque / mirante 1 400000 400,000 4,740,400.00
  6. 6. Administration cost during constructionTotal R$ 590.330,-Management per month months TotalOperational Manager R$ 6,800 26 R$ 176,800Administrativa executivo R$ 2,300 26 R$ 59,800Civil Engineer R$ 6,000 26 R$ 156,000Legal service R$ 3,100 26 R$ 80,600Accounting service R$ 1,260 26 R$ 32,760Office rent R$ 1,845 26 R$ 47,970Water, energy, internet, phones R$ 650 26 R$ 16,900Other R$ 750 26 R$ 19,500Total R$ 590,330Estimated result / ROISales Revenue R$ 46,892,284construction cost R$ 24,087,200.0 1Commissions to pay sales network R$ 3,047,998Pre paid sales tax "Receita Federal" Brazil R$ 2,813,537Operational cost adm & Management R$ 590,330Total cost R$ 30,539,065Net profit after tax in Brazil, Phase I R$ 16,353,2181 We have not considered the tax on commissions for sales agents paid abroad. According tothe tax regulations in Brazil, the developer will pay 25% tax of the total commission valuetransferred from Brazil to agents abroad.

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