2. Disclaimer This presentation document contains information which is proprietary to the ETHRAA FZ LLC®, and is (and is intended to remain) confidential, being provided for the exclusive use of the intended addressee and may be legally privileged. If you have reason to believe you are not the intended addressee(s); disclosing, copying, disseminating or otherwise taking any action in connection with this document or the information in; it is prohibited and may be unlawful. If you have reason to believe you have accessed this document in error, please notify the ETHRAA FZ LLC®, comply with the foregoing warning and delete this document from your system. This document shall not constitute binding legal obligation with the company.. Submitted: H.E. xxxxxxxx yyyyyyyyyyyzzzzzzzzzzzzz xxxxxxxxxxxx, xxxxxxxxx

3. Dear Sir; Ethraa FZ LLC, registered in TECOM free zone UAE, is a real estate, infrastructure and energy investment development management serving governments, private investors and banks. The approach is hybrid combination of investment banking advisory coupled with development management technical expertise that enable Ethraa to manage capital development programs for real estate, infrastructure and energy projects allowing the client/governments to achieve national, strategic and financial objective without debt finance scenarios and with a predetermined exit strategy. Our Due Diligence review and Critical Success Factors(CSF)s audit had been concluded in producing the Knowledge Hub (KH) model; which comprehensively constitute an added value for education logistic solution. Ethraa understands both burdens and ambitions associated with the Knowledge Hub (KH) initiative, which are defined as: 1.Developing a value based investment structure; which will reduce the contribution of Sovereign Client while enable lucrative subscriptions for the broader investors. 2.Structuring the Master Plan to generate viable real estate products, in synergy with both infrastructure requirement and urban planning. 3.Creating a governance platform of sustain feasibility, mitigate risks; and increase the added values, while initiating a synergy with the national development goals. Ethraa will deploy credible expertise to design the concession, manage planning, operations, risks and deliverables to sustain the success and support the business targets of Knowledge Hub (KH). Kindly note that all the information about Uruguay used in this presentation are indicative and has to be confirmed by the related parties in Uruguay. Finally, the cost to initiate the Knowledge Hub (KH) included in the Knowledge Hub (KH) model. Best Regards, Osama Hassan Elnaim Chairman & MD

4. Population: 3,308,535 (July 2011 est.) Area: 176,215 sq km GDP: $ 47.99 billion (2010 est.) Economic Growth: 8.5% (2010 est.) GDP per Capita: $ 13,700 (2010 est.) Literacy: 98% (2003 est.) Urbanization: 92% (2010) Human Development: 52/169 Unemployment: 6.7% (2010 est.) Education at of GDP Annual Tertiary Enrolment No. of Universities No. of Teaching Staff No. of Students Studying Abroad 2.9% 36.1% 8 8 16,000 2,510 No. of University Students 159,000 Annual Secondary School Pupils 343,617 Ratio of Graduates in Work Force ?? Average Gross Tuition Cost $ ?? No. of Certified Professionals ?? Case Study Uruguay Tertiary Education per Capita $ 1,917 Average No. of Annual Graduates 8,900 Education at Government Expenditure 11.6%

5. Higher Education Mechanism The Three Pillars Academia Admin Community Vision & Mission National Strategy Socio-Political Trends Economic Growth

6. Global Trend of Private Education Example: Bangladesh

7. Statuaries & Permits Statuaries & Permits Barriers & Ventures Barriers & Ventures Cost & Benefit Strategies Cost & Benefit Strategies Admin & Accreditation Education Excellence Education Excellence Culture & Branding Culture & Branding Programs & Projects Programs & Projects Funds & Investments Enrolment Policies CSR Framework CSR Framework SustainabilitySustainabilityQualityQualityModelingModelingRealizationRealization Private Education Value Chain Investments

8. Education is A Common Cause Education is A Common Cause Education is An Enterprising Education is An Enterprising Social Return Rate (SRR) Social Return Rate (SRR) Philanthropy & Fundraising Return On Investment (ROI) Return On Investment (ROI) Promoted Investments Non-Profitable Profit Generator Limited or no Returns Dividends & Returns Target Lower & Middle Class Target Upper & Middle Class Enterprising Education SRR vs. ROI

9. Management Formation Initiation Initial Master Plan Initial Master Plan Promoter (Principle Investor) Promoter (Principle Investor) Regulations & Incentives Regulations & Incentives Contributors (Private Investors) Contributors (Private Investors) Enterprising Optimization BusinessOperations Enrolments (Education Buyers) Enrolments (Education Buyers) Modeling (Equities & Debts) CausePromotion Investment Modeling Roles

10. Corporate Framework Operations Modeling Mass Communications Initiate the Association Allocate Principle Funds Activate the Launch-Task unit Development Plan Strategic Academic Theme Investors Management Communications Strategy Shareholders Management Branding & Marketing Private Higher Education Launch Task Unit

11. Promoter Ethraa (IDM) Investment Academia Consultant Branding Consultant Design & Build Registry of The Company Agreement & Consortium Service Scope & Proposal Service Scope & Proposal Service Scope & Proposal Service Scope & Proposal Statuary Consent Strategy Workshops Service Agreement Appoint Management & Staff Investment & Development Plan Appoint The Fund Manager Academic Framework & Guidelines Strategic Brand Planning Planning & Procurement Enrollment Policies & Programs Audit on Development Plan Contributors & Investors Management Academic Operations Alignment Brand Campaign Appoint EPC Contractor Innuagration Close the Service Development RRM KPIs

12. Enterprise Higher Education The Model Campus Swift Design & Build Investment Incentives (FZ) Phasing of Delivery Efficient Biz Development Shared Services & Utilities Urban Excellence

13. Edu Bloc Model Ground Floor No. of Academic Seats No. of Academic Seats Floor Efficiency 160 57% No. of Office Seats No. of Office Seats 19 GBA m2 Gross Built up Area GBA m2 Gross Built up Area No. of Spaces 1,870 13 GFA m2 Gross Floor Area GFA m2 Gross Floor Area 1,062 Average GFA to Academic Seat m2 12 Average GBA to Academic seat m2 12 Collages & Universities Academic Administrations Training Centers Students Centers Service Agencies Support & Libraries

14. Edu Bloc Model Upper Floor Academic Agencies Human Resources Agencies Professional Associations No. of Academic Seats No. of Academic Seats Floor Efficiency 64 53% No. of Office Seats No. of Office Seats 38 GBA m2 Gross Built up Area GBA m2 Gross Built up Area No. of Spaces 1,591 16 GFA m2 Gross Floor Area GFA m2 Gross Floor Area 851 Average GFA to Academic Seat m2 13 Average GBA to Academic seat m2 25 Graduate Study Centers Research Agencies Knowledge Based Centers

15. Edu Bloc Area Breakdown

16. OfficesAcademiaStoresFacilitiesCorridorsBalconyTotal GF Spaces5896NA 28 GF Area m2305747717866901,870 GF Seats19160NA 179 GF Ratio Seat/m2164.7NA 10 UF Spaces12432NA 21 UF Area m254631543666193661,591 UF Seats3864NA 102 UF Ratio Seat/m2144.9NA 15.6 Total Seats57224GBA m23,461 Total m28511,0621141441,288GFA m21,913 Ratio to GFA44%56%6%8%67% Ratio to GBA25%31%3%4%37%55% Basic Numeric Analysis Single Edu Bloc