Joint Venture Proposal. To Complete Funding of the Initial Land Purchase of 7 Development Lots in Northwest Arizona

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1 Joint Venture Proposal To Complete Funding of the Initial Land Purchase of 7 Development Lots in Northwest Arizona

2 Executive Summary Fund the initial purchase of 7 Development Lots (4 Residential and 3 Commercial Lots in Bullhead City & Fort Mohave, AZ Construct, refinance, and rent out with the option to sell final duplex units at full retail prices upon completed construction (Optional) Sell all or parts of the remaining commercial land to other developers Form investment joint venture relationship between the initial partners and a group of 1-4 investors to obtain final funding to support goals and outcomes Funding Goal: $200,000 USD

3 Why Invest In Arizona? Arizona is set to triple in size from 5.1 million in 2000 to 16 million in 2050.

4 Why Invest In Northwest Arizona? Located in an extensively growing area of the State Larger cities in the area are not as profitable for development Investing in Phoenix and Las Vegas is similar to investing in Vancouver The building inventory in either city is limited so developers are looking elsewhere Bullhead City & Fort Mohave are growing Brand new commerce centres being built including: Walgreens, Walmart (April 13) Dot Foods new distribution facility in Mohave County is expected to bring over 100 new jobs to the area Proximity to Recreation Near an International Airport Baby Boomers are Retiring here!

5 Recreation Avi Resort and Casino Located on the Colorado River Near Bullhead & 4 miles (6km) from Fort Mohave Laughlin (Sister City to Bullhead) 14 miles (22.5km) from Fort Mohave Quiet location 9 major casinos located nearby along the Colorado River

6 Recreation Continued Many casinos along the Colorado River Golf Lake Mohave 82 miles (132km) from Fort Mohave Scuba diving Personal watercraft Hot springs Fishing Swimming

7 Laughlin International Airport In Bullhead & 12 miles (19km) from Fort Mohave Now servicing American Airlines Direct flights to many North American cities

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9 Elio Khalife Our Commercial Broker As founder and owner of First American Investment, LLC, Elio has closed more than $2,000,000,000 in commercial real estate transactions. For over 28 years, he has worked with land development projects, shopping center acquisitions, financial Institutions, national retailers, partnerships and the individual investor. Elio earned his Bachelor of Economics degree from the University of California at Irvine. He holds an Arizona Real Estate Broker s License and a Nevada Real Estate License. Elio is an active member of International Council of Shopping Centers (ICSC).

10 Deal Summary 7 Development Lots (6 in Bullhead City & 1 in Ft. Mohave) 6 Zoned C-2 (Valued between $40,000-$85,000 per lot) 2 of which are Corner Lots on the Highway Total asking Price is $400,000 We have negotiated an Acquisition Price of $350,000 ($50,000 in Immediate Equity) Includes $150,000 Seller Financing Available ($200,000 + Closing Costs in Cash Needed) Opportunity to Change Zoning Use and Build 4-6 Duplexes valued at $225,000 ea Using the Land Equity to Finance the Build Upon completion and refinance and/or sale of the Duplexes the profit allows payback in full of your down payment (est. $50K in profit or $180K at 80% refinance per duplex) The commercial lots can then be sold or developed as a second stage of the project in 1-2 yrs. White Box Commercial Construction recommended We are available to stay in the deal to manage and maximize the profits throughout the entire process (All prices in USD)

11 Deal Summary Cont. 7 Development Lots Bullhead City 2 on highway / 4 behind them on Lee Ave x 100 lots Zoned C-2 > 50% Build Coverage (2,500 sqft.) - Zoning use permit needed to build 4-6 duplexes possible 2 bed, 2 bath, 2 garages Fort Mojave 100 x 175, between 2 existing buildings - On the hwy, chain Fenced (Suggest leasing it for storage short term, $100/month per boat or RV, fits up to units) - Up to 6000 Buildable Sq Ft. - Zoned C-2H ($175K Retail Value as is) Seller Financing Available - $1,186/month principle and interest, 5%, 15 years amort, 5 year balloon (All prices in USD)

12 Deal Summary Cont. Preliminary Deal Summary Proforma for 7 Lot Arizona Development Lot Purchase Price $350,000 Minus Seller Financing (@ $150,000) $200,000 Individual Retail Lot Values - 4 Duplex $70k ea $280,000-2 Commercial Highway $100K ea $200,000-1 Large Commercial Lot $175,000 Total Value Upon Purchase $655,000 Equity Upon Purchase $305,000 Stage 1 Development Build out 6 Duplexes on the Four Lots ($225K x 6) $1,350,000 - Equity Profit Upon Construction ($50K x 6) $300,000-80% Refinance After Completion ($180K x 6) $1,080,000 - Est. Duplex Rent x $2,000 month x 12 $144,000/yr Stage 2 Options Sell the 3 Commercial Lots at Retail Value $375,000 Or Build Out Commercial Lots to Sell $750,000 Build Out Commercial Lots & 80% Refinance $600,000 - Est. Commercial Rent Monthly ($8,000/month) $96,000/yr Revenue Totals: Total Buildout at Retail Value $2,100,000 & Total Yearly Rent Potential $240,000/yr * Projections are Preliminary. Buyers are recommended to do their Due Diligence.