3. HOTELS / RESORTS HOTELS / RESORTS NUMBER OF ROOMS PEAK SEASON (MARCH-MAY) & OCTOBER HIGH SEASON (JULY- AUGUST) (DEC-JAN) LOW SEASON ( FEB /JUNE) (SEPT/ NOV) SHANGRI-LA MACTAN RESORT 53098%95%80% IMPERIAL PALACE 556100%95%85% CRIMSON HOTEL 29093%86%75% PLANTATION BAY 22091%84%72% BLUEWATERS RESORT 15892%85%73% MOVENPICK HOTELS 24597%90%78% COSTABELLA TROPICAL RESORT 15690%80%70% 25680%70%60% AVERAGE 30193%86%74%

4. AVERAGE PUBLISHED RATE HOTELS / HOTELS /RESORTSDELUXE(STUDIO)SUPERIOR(1BEDROOM)SUITE(2BEDROOM) SHANGRI-LA MACTAN RESORT 16,50022,50035,500 IMPERIAL PALACE 12,50018,50026,500 CRIMSON HOTEL 13,50019,50028,500 PLANTATION BAY 10,50015,50020,500 BLUEWATERS RESORT 9,50012,50018,500 MOVENPICK HOTELS 10,50015,50020,500 COSTABELLA TROPICAL RESORT 7,50010,50013,500 7,50010,50015,500

5. GROSS INCOME PER DAY PEAKHIGHLOW STUDIO1BR2BRSTUDIO1BR2BRSTUDIO1BR2BR 864,000672,000403,000757,500588,000347,200648,000504,000297,600 TOTAL1,939,0001,692,7001,449,600 TOWERS A & B STUDIO –144 1BEDROOM – 80 2BEDROOM – 32 TOTAL NO. OF UNITS = 256

6. PROJECTED EXPENSES TO BE COVERED BY PROPERTY MANAGEMENT BREAKDOWN OF EXPENSES: 1.) Maintenance (building and amenities) 2.) Salaries and Wages (Personnel, Security) 3.) Equipments 4.) Insurance 5.) Supplies (Furniture and Fixtures) 6.) Food & Beverage 7.) Advertising 8.) TRAVEL AGENCY/AGODA/BOOKING.COM COMMISSION

7. NET INCOME PER MONTH TOTAL = LOW SEASON = 1,449,600 (30 DAYS) = 1,449,600 (30 DAYS)_____________________________________________ = 43,488,000 (Gross Income) = 43,488,000 (Gross Income) THEREFORE : (ASSUMPTION) PROPERTY MANAGEMENT (70%) – PHP 30,441,600 UNIT OWNERS (30%) – PHP 13,046,400

8. ASSUMING.4% SHARE FOR STUDIO UNIT OWNER UNIT OWNERS (30%) OF THE NET INCOME : 13,046,400 X.4% SHARE FOR STUDIO 52,185.60 PER MONTH NET ROI – 3,300,000/52,185.60 Return On Investment = 63 MONTHS

9. FINANCIAL RATIO ANALYSIS > PHP 52,185 per month for 63 months ROI is 19% per annum > PHP 26,093 per month for 126 months ROI is 9% per annum > PHP 20,000 per month for 168 months (14 years) GUARANTEED ROI is 7% per annum