1. June 17 th – 19 th, 2012 After Sales Service Market Visit 2012 BREITLING C a r i b b e a n Panama Mr. Yvan Yerly

2. PANAMA After Sales Service Market Visit 2012 BREITLING C a r i b b e a n Sunday June 17 th 1:50 p.m.Y. Yerly arrives in Panama; Juan Carlos will pick up from airport Transfer to hotel DINNER Monday June 18 th 9:00 a.m.Grupo Wisa Watchmaker Audit; Betzabel pick up from hotel 1:00 p.m.Lunch – Betzabel, Marissa Mendieta, Ramon Barrios 7:00 p.m.DINNER – Marisa Mendieta, Ramon Barrios Tuesday June 19 th 5:00 a.m.Juan Carlos will pick up at hotel to transfer to airport 7:15 a.m.Y. Yerly flight departs

3. PANAMA Panama officially the Republic of Panama is the southernmost country of Central America. The Panama Tourist Attractions comprise the parks, beaches, national reserves and wildlife forests that exemplify the culture and the tradition of the country and the strong roots of the past that the country and its people still harbor in their buzzing lifestyle. While the beaches are the biggest resort for relaxation and calmness, the city centers with their numerous malls and plazas offer the luxury that one can only imagine of. The reserve forests are home to some of the most beautiful animals and plants. Amidst the karaoke of bird songs, one is sure to forget all the qualms and delve into the bounty of mother nature. A little step ahead is the solemn isolation of islands that are ideal for a meditative mood.

4. Panama Country Statics Location:Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica Climate:Tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) Capital:Panama City Population:3,510,045 (July 2012 est.) Government Type:Constitutional Democracy Head of Government: President Ricardo MARTINELLI Berrocal (since 1 July 2009); Vice President Juan Carlos VARELA (since 1 July 2009) Industries:Construction, brewing, cement and other construction materials, sugar milling Economy Overview:Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and is scheduled to be completed by 2014 at a cost of $5.3 billion - about 10% of current GDP. Panama's booming transportation and logistics services sectors, along with aggressive infrastructure development projects, have lead the economy to continued growth in 2011. Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America. GDP – composition by sector:Agriculture: 4.3% Industry: 16.6% Services: 79.1% (2011 est.)