bringing real estate profits to you.!

Transcription

1 bringing real estate profits to you.!

2 INDEX What is Prime-Ex Perpetual?... 3 The Prime-Ex Business Model... 4 Proof of Concept The Prime-Ex ICO Structure Token Distribution The Portal at Prime-Ex.com Introducing the Prime-Ex Perpetual Team Executive Team Advisors Roadmap: Our Timeline for Success Conclusion Disclaimer Prime-Ex Perpetual Whitepaper 2

3 WHAT IS PRIME-EX PERPETUAL? We are a company created with the express purpose of disrupting the real estate industry by re-thinking and providing a new solution to the way in which homebuilding, home selling, and borrower financing are approached. We will accomplish this objective by taking control of the real estate process from beginning to end, encompassing the selection, construction, sales, borrower financing, and maintenance of our custom homes. This enables Prime-Ex Perpetual to create an environment where participants win every time with a new property being built, sold, and financed within the Prime-Ex Perpetual ecosystem. Property Selection Land Development Token Payments Home Construction Maintenance Advertising & Sales Borrower Finance Prime-Ex Perpetual will utilize blockchain technology to crowdfund its operations by introducing the PEX token ( PEX or PEX-Token ), and creating both organic and external demand for PEX tokens within the Prime-Ex business model. Prime-Ex Perpetual Whitepaper 3

4 THE PRIME-EX BUSINESS MODEL Prime-Ex will disrupt the existing real estate ecosystem by re-thinking fundamentally how residential real estate is developed, sold, and financed. We will achieve efficiencies in scope and scale resulting in higher profits by managing the real estate process from beginning to end. These profit increases will be shared with our token holders. We will also provide better buyer financing arrangements and deliver a more positive borrowing experience to the residential buyer, minimizing collection inefficiencies such as cumbersome collection costs, and drawn out legal disputes. The Prime-Ex business model is also set up to encourage organic PEX demand by providing favorable borrower financing terms to those who make their mortgage payments in PEX tokens, rather than fiat currency via a mortgage rate discount. THE PRIME-EX CUSTOMER BASE Traditionally, the residential buyer owns a home in his or her own name, and finances the property with a mortgage in his or her own name. This model was great when people used to go to work at the same factory at 18 years of age and retired from the factory 30 years later, earning a higher incremental wage adjustment each year, retiring near their maximum earnings ability, and earning a retirement near the last few years of earnings potential. BUT TIMES HAVE CHANGED Circumstances dictate that the consumer be more mobile and more willing to move to different locales in order to earn a higher wage. Retirees have shown a willingness to be more mobile, looking for opportunities that minimize hazards to their nest eggs and give them the ability to explore new retirement destinations. Self employed people are also proving to be more mobile as more and more of their work focus migrates from the limitations of their physical locations to the limitless reaches of the global internet economy. These two segments represent the primary target market for our initial proof of concept. Prime-Ex Perpetual Whitepaper 4

5 PILLAR 1: CONTROLLING THE REAL ESTATE PROCESS The traditional real estate business model dictates multiple parties, each working for their own interest, at the expense of the home buyer. Consider this: Property Selection for land developers involved in developing residential real estate lots transacts solely on the basis of buying the land cheap, developing the land, and selling it double to triple priced to the homebuilder. Once sold, the land owner is out of the game. Home Builders will cut corners to cut costs with the goal to achieve ever-higher profit margins. Home buyers in Panama will be lucky to find a 2 year warranty in a new house. Generally, once sold, the home builder is out. Banks provide financing to the land owner, home builder, and eventually the home buyer. Having the property as a collateral at any point in time, the bank achieves a zerorisk investment at the expense of its client, often generating three different profit cycles with the same piece of land. The Home buyer sits at the end of the chain. Left with all the risk, he is responsible for any home maintenance, and responsible for a mortgage that has unfavorable exit conditions that are extremely one-sided in the bank s favor. The mobile retiree or the mobile self-employed person will not fit in the traditional model unless they are willing to accept the constraints that come with local financing terms, which generally feature an unrealistic combination of a high down payment and short amortization terms. The Prime-Ex model to the real estate process guarantees that our company and the home buyer sit on the same side of the table. This means that Prime-Ex has a stake in the land, the house, the buyer financing, and the home maintenance at all times. We will be responsible to build our own quality homes, and it is not in our best interest to cut corners. We will maintain our homes to the best condition possible, because it is in our best interest, and also in the best interest of the home buyer. Prime-Ex will achieve economies of scope, realizing cost savings in two or more processes that are more expensive when executed separately. For instance, Prime-Ex will select and develop land having our own considerations about home construction in mind. Prime-Ex will select building materials based not only on aesthetics, but also on ergonomics, function, and ease of maintenance into the future. We are also able to achieve economies of scale. For instance, we shall negotiate multiple lots, or materials to build multiple houses. This results in cost savings that can be passed to the homebuyer, and more reasonable profits that will be passed to our token holders. Unlike the traditional model, Prime-Ex does not profit from only one activity. Instead, managing the real estate process from beginning to end will open opportunities at different times across different activities, taking advantage of those gains for the benefit of the homebuyer, the token holders, and Prime-Ex Perpetual. Prime-Ex Perpetual Whitepaper 5

6 TRADITIONAL MODEL Each party works for their own interest, at the expense of the home buyer. property selection advertising & sales land development borrower finance home construction maintenance PRIME-EX MODEL property selection land development home construction Prime-Ex forms a cohesive real estate process from beginning to end. advertising & sales borrower finance maintenance Prime-Ex Perpetual Whitepaper 6

7 PILLAR 2: IMPROVING THE BORROWER S FINANCING EXPERIENCE Prime-Ex provides a solution to our target market by switching financing terms to a system that replaces income verification for proven reserves and plans the exit strategy up front as part of the agreement. This fundamental difference and the mechanism in which it is implemented is indeed a revolutionary paradigm shift in the way that the business of real estate is approached. Instead of an implied threat of lawsuits and foreclosure to demand that they perform, Prime-Ex gives them every reason to perform with a guaranteed buyback program and maximum loss exposure. Prime-Ex effectively cuts out the risk that time holds over the borrower s head. Instead of submitting our client to the stick of a prepayment penalty and performance failure, we have incentivized our client with the carrot of a guaranteed buyback so long as they have performed as scheduled. TRADITIONAL MODEL STICK PRIME-EX MODEL negative incentives CARROT positive incentives Late Charge Default Default Interest Prepayment Penalties Negative Credit Score Foreclosure Bankrupcy No easy way out if can t pay Guaranteed Buyback Knows Maximum Risk Exposure No Prepayment Penalties No Default Interest Rates No Negative Credit Score No Bankrupcy Required Easy way out if cannot pay Prime-Ex Perpetual Whitepaper 7

8 On top of favorable financing terms, Prime-Ex utilizes a solution to make the transfer of ownership between parties more rapid and transparent. Properties will be titled inside a local company, and an escrow agent will hold its shares in escrow. The escrow agent will maintain custody of the mortgage and assign ownership of the company s shares to the buyer only on full payment of the mortgage and under direct Prime-Ex authorization. REGISTRATION PHASE FULFILLMENT PHASE Panama S.A. Lot #123 House in Escrow. Escrow Escrow #123 Agent Agent Titled Property Mortgage #123 S.A. shares given Shares assigned but kept in Escrow. Until promissory note is fully paid. Mortgage is then released. Home Buyer PILLAR 3: LEVERAGE BLOCKCHAIN TECHNOLOGY Crowdsourcing via the PEX token will enable Prime-Ex to achieve its business objectives. In return, Prime-Ex will return real estate profits to you, the token holder, via annual dividend distributions. Our commitment, as described later, is to distribute 80% of our profits to all token holders. We will also incentivize buyers to pay mortgages using PEX tokens by means of mortgage rate discount, effectively creating demand for PEX on a monthly basis. 80% NET PROFITS Token Holders Prime-Ex Perpetual Whitepaper 8

9 We will also incentivize buyers to pay mortgages using PEX tokens by means of mortgage rate discount, effectively creating a natural demand for PEX on a monthly basis. Blockchain technology will be also explored to maximize efficiency gains in document retentions, verifications, authorizations, and performance history creating a seamless, more transparent environment for all within the Prime-Ex Perpetual real estate ecosystem. Token Holders Home Buyer Prime-Ex Perpetual Whitepaper 9

10 PROOF OF CONCEPT The Prime-Ex Perpetual proof of concept will occur along the warm beaches and in the cool highlands of the Republic of Panama in Central America ( Panama ). We will provide real estate purchase solutions to primarily North American and European expats who currently live in Panama or are looking to relocate, and who possess significant proven assets after down payment/deposit. This target market lives in or relocates to Panama for either the purpose of retiring or selfemployment, to live more cheaply in Panama, or to purchase a home or a second home in a more advantageous way than traditional options in their country of origin or locally in Panama. We have chosen this target market because this sector of the current real estate ecosystem suffers from inherent entry barriers to home financing that gives Prime-Ex an extreme competitive advantage. The primary mission in this proof of concept is to build, market, sell, and finance a sizeable portion of houses within a two hour geographic location of Panama City in both highlands and beach settings for the purpose of earning a significant return on investment while testing out revolutionary features of our business model. Our revolutionary features streamline the bureaucracy involved with providing residential lending and implementing novel security options that limit the homeowner s risk in ways meant to maximize future profit for Prime-Ex Perpetual. Here s why the target market in Panama is low hanging fruit for our project: Panama demands that foreigners make a 30% down payment for a mortgage that must be re-paid by the age of 75 years. This means that a 70 year old retiree is facing an amortization period of only 5 years, which is unfeasible and unbearable for the overwhelming majority of retirees. Prime-Ex Perpetual Whitepaper 30% down payment, mortgage to repay by age of 75 10

11 Panamanian financial institutions are very skeptical of foreign selfemployment income. It is extremely difficult for foreign self-employed borrowers to obtain a mortgage in Panama, although this target market segment often represents the highest concentrations of verified assets. Foreign self-employment income Renting becomes the only option for expats. Expats are always concerned about personal circumstances. What happens to their investment if they die? Or if there s a medical emergency and need to go back to their country? Or if they cannot afford to make mortgage payments anymore? Expat Concerns: Medical Emergency Unsolvency Death INTRODUCING THE REVOLUTION LOAN BY PRIME-EX PERPETUAL Prime-Ex will answer the needs of the Panamanian expat and self employed communities with novel, competitive, and favorable financing terms. Combined these features easily become the market leader. We will introduce the Revolution Loan, a financing solution featuring the following streamlined and significant improvements to traditional residential real estate home financing options: No credit scores Asset verification rather than income verification. The buyer must prove through 3rd party verifications that he/she has 24 months of mortgage payments in liquid assets in addition to accounting for the 25% down payment A 30 year, no-nonsense fixed rate mortgage A 25% down payment No age-qualifying restrictions Borrowers agree to a property maintenance contract with an associated company of the Prime-Ex ecosystem in addition to the monthly mortgage payment A buy-back program after 2 years of participation, upon qualifying conditions. We guarantee to buy back the home from our borrower at two thirds the original price provided that the borrowers have paid as agreed and that title is clean, meaning that there are no junior liens against the property other than the mortgage in favor of Prime-Ex Perpetual. HOW WILL WE PROTECT THE ASSETS OF PRIME-EX PERPETUAL? 1. MAINTENANCE AGREEMENT Prime-Ex will arrange for a maintenance contract in the form of a monthly fee to maintain the property. This includes, but is not limited to, the lawn work, plumbing, electrical, and air conditioning systems, and also any minor repairs, giving Prime-Ex Perpetual a monthly eyeson-the-ground view of the collateral month-in and month-out. This guarantees that if Prime-Ex buys back a house at two-thirds of the purchase price, it will Prime-Ex Perpetual Whitepaper 11

12 be well maintained and ready to go back to the market for more than the original asking price and the buy back price. 2. ESCROW ARRANGEMENT Following our business model, each property will be acquired inside of a separate Panama company,known in Panama as an S.A., whose shares shall be held by an Escrow Agent subject to the terms of an escrow agreement. A transferrable/assignable mortgage will be placed against the S.A. from the beginning which will shall be in favor of Prime-Ex. When a buyer wishes to purchase a property he will execute a promissory note that is married to the mortgage against the S.A. so that the mortgage extinguishes when the obligations of the promissory note are fulfilled. This way our client borrowers will own and be the ultimate beneficiaries of the new home while custody and control of the shares of the holding company remain in the possession of the escrow agent until such time as the mortgage is paid in full. This allows for easy, efficient, and transparent transferability of the S.A. and the underlying real estate that it owns. The escrow agreement will outline the terms under which the shares of the company shall be transferred to the buyer upon settlement of the mortgage. Prime-Ex has identified the locations to develop high-quality North American standard homes. We have also established relationships with long tenured and accomplished construction teams and engineers who will combine with our efforts to create the highest quality and greatest value housing product that is available in our market. Quite simply, when it comes to marketing our product to potential homeowners against the value and amenities of our competitors, we believe that communicating why it makes more sense to do business with Prime-Ex Perpetual is an easy sale. We believe the proof of concept will serve to establish the Prime-Ex Perpetual model as the eventual preferred method of owning a home whether in or out of the target client s country of origin. YOU WILL BE PART OF THE FUTURE OF PRIME EX PERPETUAL Prime-Ex Perpetual planning doesn t stop with this Phase 1 Proof of Concept. Once the concept is proven, we will introduce the Prime-Ex Perpetual real estate ecosystem to new markets. We have ambitious plans and will need your future participation. As registered Phase 1 Participants in the PEX-Token ICO, you will be granted ground floor access to future raises with special incentive pricing granted only to you. No matter where the next market occurs, you will receive early bird notice and our special consideration. This will happen for each new market and so this is how you can win... perpetually! Prime-Ex Perpetual Whitepaper 12

13 THE PRIME-EX ICO STRUCTURE Prime-Ex is raising funds to support the proof of concept. For that reason, we are issuing 30,000,000 (thirty million) PEX tokens utilizing the Waves Platform. PEX shall be created by Prime Ex S.A, which is a company incorporated in the Republic of Panama. Full details of the company, such as the shareholders and the directors, are set out clearly in the Terms. All prospective PEX holders are recommended to read the Terms along with this White Paper. NAME: PEX Token SYMBOL: PEX PURCHASE PRE-REQUISITE: Download and setup a Waves Wallet at HOW TO BUY PEX: Visit comply with the registration terms and conditions, and settle your purchase via the web portal. Your PEX tokens will be delivered to your WAVES wallet after the end of the successful ICO. INITIAL RATE: The PPT or Price Per Token is locked. 1 PEX Token = $1.00 USD equivalent paid in Bitcoin, Ethereum, or WAVES tokens. TOTAL SUPPLY: 30,000,000 (Thirty Million) PEX Tokens. No further PEX Tokens will be generated. THRESHOLD: Until the Threshold of US$2.5 million equivalent is raised, the proceeds of the Pre- ICO and the ICO will be held in escrow. If the Threshold is not met then the proceeds will be returned to prospective PEX tokens. On the Threshold being met the proceeds will be released to Prime Ex S.A for investment. PAYOUT STRUCTURE PEX is a dividend token. 80% of the company s net profit, as determined by an external thirdparty auditor, will be distributed to PEX token holders at the end of each fiscal year. Proceeds for distribution will be transferred to a WAVES wallet owned by Prime-Ex Perpetual in the form of Waves tokens, which will then be transferred to all holders of PEX tokens in a proportional manner to their corresponding WAVES wallets. PEX ON DEX As previously stated, members wanting to purchase PEX tokens within the Prime-Ex Perpetual Pre-ICO and ICO must set up their own WAVES wallet on the DEX Exchange by downloading the WAVES Lite Client for use on their Chrome browser. Users will log in to their Prime-Ex Perpetual Account at and will share their WAVES APl Deposit Key on their profile page. Lastly, Prime-Ex will distribute the PEX tokens from our WAVES wallet to the buyer s WAVES wallet after the completion of the lco. Prime-Ex Perpetual Whitepaper 13

14 The DEX wallet features a fast and secure GUl, requiring no sophisticated blockchain knowledge or blockchain downloads. It is intended that PEX tokens will trade freely on various token exchanges, but will initially trade on the Waves decentralized DEX Exchange. Trade your PEX tokens for WAVES tokens, Bitcoin, Ethereum, and many other alternative tokens on the DEX Exchange. Any trading of PEX Tokens on the DEX Exchange will be settled on the blockchain for security purposes. Prime-Ex Perpetual is open to allowing the trading of PEX on any number of public token exchanges in the future, such as Kraken, Poloniex, Bittrex, etc. as opportunities to do so arise. ADJUSTABLE Yes. Only in the catastrophic event that Prime-Ex dissolves, then the Prime-Ex Administrator will enter the market to purchase the then defunct PEX Active Tokens for the express purpose that they be burned. PEX Tokens are Perfect for Business in the Real Estate World Home buyers in our Proof of Concept will be encouraged to make their mortgage payments with PEX Tokens via a favorable interest rate discount that makes their effective monthly mortgage payments less than by paying with fiat. Providing that our buyers would like to save money, they will enter the Token Markets and seek to purchase their PEX tokens from the lco PEX holders, at market rates for PEX at the time of purchase. This will create a natural and increasing demand for PEX tokens against the PEX Tokens lifetime limited supply of 30,000,000. Prime-Ex Perpetual Whitepaper 14

15 TOKEN DISTRIBUTION 83.3% PUBLIC RELEASE TOKENS 13.3% FOUNDERS 2.5% PRE-ICO BONUS 0.83% BOUNTY PROGRAM 100% The 30,000,000 PEX tokens created represent the grand total of PEX tokens that are to be created within the Prime-Ex Perpetual ecosystem. Following the proposed payout structure, 80% of future net profit earnings of Prime-Ex Perpetual will be split evenly across the 30,000,000 PEX tokens. At the onset of the offering there will be 30,000,000 PEX tokens consisting of the 25,000,000 Public Release Tokens, 4,000,000 Founder & Service Provider Tokens, 750,000 Pre-lCO lncentive Tokens and 250,000 Bounty Tokens. Any unrewarded incentive or bounty tokens will remain the property of Prime-Ex and may be reoffered to the public in a future offering or in a release with one or several of the major exchanges or to pay service providers. PRE-ICO BONUS PROGRAM The pre-ico begins on Monday, September 18 th at 12:00 p.m. Panama Time. PEX tokens may be purchased at beginning at that time. This early-bird portion of the PEX rollout will last as long as the 750,000 incentive tokens remain in supply or until Sunday 1 October at 11:59 a.m. Panama Time, whichever occurs first. Upon the closing of the pre-ico, PEX tokens will again be made available on Monday, October 16 th at 12:00 p.m. Panama Time when the formal ICO is launched. Pre-ICO PEX token buyers shall benefit by receiving additional tokens through the incentive program as follows: 12% 10% Pre-ICO incentive tokens are calculated as total number of Tokens purchased multiplied by the corresponding percentage award at the day of purchase. For example, purchasing 1,000 PEX tokens on Day 5 of the Pre-ICO will result in 1,000 x 10% = 100 bonus PEX Tokens, for a total of 1,100 PEX Tokens issued to the buyer at escrow disbursement. Prime-Ex Perpetual Whitepaper 15

16 BOUNTY PROGRAM The PEX ICO marketing and advertising campaign includes a comprehensive Bounty Program. It will run for almost 9 weeks, encompassing the Pre-ICO and ICO timelines, from Monday, September 10 th at 12:00 p.m. Panama Time until November 11 th at 8:00 p.m. Panama Time. Qualified members will be able to earn PEX tokens in a variety of ways from social media shares and retweets to translating this Whitepaper into various languages, to thread support and signature promotion at BitcoinTalk.org. Additionally, users may submit custom ideas on how they propose to earn PEX tokens in a 20% Custom Bounty Bucket allotted for the campaign. The bounty program pool of tokens will be distributed as follows: 10% Bitcointalk Translation Campaign 15% Prime-Ex Thread Support 20% Facebook Campaign 15% Bitcointalk Signature Campaign 20% Twitter Campaign 20% Custom Bounty Campaign Bounty Campaign rules are published at Bounty tokens are provided after the ICO closes to the members WAVES wallets. Prime-Ex Perpetual Whitepaper 16

17 THE PORTAL AT PRIME-EX.COM Prime-Ex Perpetual s website is the intellectual property of Prime-Ex S.A. The website is designed to be a location of not only company information but also a portal by which members can register to be part of the Prime-Ex Perpetual real estate ecosystem. Users will be able to pay their monthly mortgage payments and monthly maintenance fees in PEX tokens or a number of fiat currencies. Users will be able to access their specific property details, including data encompassing their individual corporation, their title/property registry documentation, their appraisal information, and their mortgage history. During the PEX token launch period, users will be able to purchase PEX tokens upon registration from a country not specifically excluded from participation such as the US and Panama. Users will be able to access company press releases that will occur from time to time such as the public announcement of an upcoming PEX dividend distribution. We see the portal increasing in both information and user enjoyment as time goes by. This will be more than just a mortgage portal or a real estate portal or a PEX portal. We see it as a window into both a specific home s history as well as documenting the history of the Prime-Ex real estate ecosystem. Prime-Ex Perpetual Whitepaper 17

18 INTRODUCING THE PRIME-EX PERPETUAL TEAM EXECUTIVE TEAM JOHN GILBERT Co-Founder Director - Prime-Ex S.A. Head of Concepts, Originations & Philosophy Integration John brings a 25 year career built on residential mortgage origination, commercial lending, homebuilding and financial advising in the United States to Prime-Ex Perpetual. He heads up the concepts, mortgage originations and philosophy integration teams. He has been working closely with the tech team to ensure that the revolutionary Prime-Ex Perpetual concepts are fully expressed in the design and usability of the digital space and that this revolutionary concept is implemented across the spectrum of the Prime-Ex Perpetual real estate ecosystem. He is the Prime-Ex Perpetual philosophy guru. ULRICH SCHWARK Co-Founder Director - Prime-Ex S.A. Head of Finance, Design & Construction Ulrich parlayed a career in investment banking and success as the owner of one of the largest indoor/outdoor furniture companies on the Iberian Peninsula into an award-winning property development enterprise spanning Europe and Panama. Over the last 29 years his real estate endeavors have achieved success in everything from low income housing to 5 star beach resorts. His knowledge on the construction site and expertise in worldwide materials sourcing as well as in the Board room is only matched by his savant number skills, enabling design, management and worldwide material sourcing excellence thus ensuring that our builders are building quality, efficient homes by working with quality materials purchased at the right price. THERESA SCHWARK Director - Prime-Ex S.A. Head of Sales & Publicity Theresa is a globetrotting networker. With over ten thousand followers on her social media platform she has created brands in Hospitality and Real Estate. She is equally at home in real estate development in Central America where she oversees sales and execution of multimillion-dollar projects. Being German by passport and educated in 6 different countries, she speaks 5 languages. Theresa combines real estate knowledge with a truly multi-cultural perspective. Prime-Ex Perpetual Whitepaper 18

19 ADVISORS HATSTONE Legal Advisors Hatstone is a leading boutique multi-jurisdictional law firm with offices in Jersey, London, Panama and South Africa. Hatstone specializes in investment funds, corporate and commercial and private client law. For more information about Hatstone, please visit its website LUIS CORDERO Luis is a founding member of Novavision Group, a leading Digital Services company in Panama. He brings 12 years of experience in information technology, project management and business administration to the Prime-Ex Perpetual launch. As a passionate team builder with a keen attention to detail, Luis loves to make thing happen. In his words, the digital economy represents the new era of business opportunity for the masses. TIM WALTERS Tim is a seasoned IT executive with over 15 years experience developing innovative products and solutions from idea-phase through launch and realized Return of Investment. He is also an avid entrepreneur, and the original creator of CasinoBitco.in in He and his development team are responsible for all P2P blockchain and PEX token development and integration built and leveraged for the Prime-Ex Perpetual concept by Prime-Ex S.A. JONATHAN MILLET Jonathan is the founder/creator of NewsBTC, an advisor to Live Bitcoin News, and the principal marketer for Fintechist. He has been involved with bringing numerous successful ICOs to market including most recently KICKICO, Encrypgen, and SONM. He is passionate about the development of blockchain technology for ever-increasing applications as a crypto token investor and is an enthusiastic ambassador for the crypto world. Prime-Ex Perpetual Whitepaper 19

20 ROADMAP: OUR TIMELINE FOR SUCCESS LEADING TO MARCH 2017 PEX ICO Officially Announced. SEPTEMBER 4, 2017 Evolution and adaptation of the Prime-Ex perpetual business model to disrupt residential building and lending. JUNE - AUGUST 2017 ICO planning begins. Whitepaper development, blockchain platform selected, marketing plan finalized. PEX selected as token. MARCH 2017 MAY 2017 Prime-Ex Administration offices open in Panama City. Hatstone selected as Escrow Agent firm. Banking relationships established. Prime-Ex Perpetual created as a legal entity in Panama. APRIL 2017 Chiriqui chosen as the primary location for Proof Of Concept, given its popularity among expats retirees and young families. SEPTEMBER 18, 2017 OCTOBER PEX Pre-ICO 16, 2017 launches. ICO Launches. NOVEMBER 11, 2017 ICO Closes. DECEMBER O18 20 houses Pre-Sold, 10 Houses delivered and serviced with Revolution Loan. First Dividend Communication and Distribution. DECEMBER O19 30 additional houses Pre-Sold, 20 Houses delivered and serviced with Revolution Loan. Dividend Communication and Distribution. DECEMBER O20 30 additional houses Pre-Sold, 30 Houses delivered and serviced with Revolution Loan. Dividend Communication and Distribution. DECEMBER O21 45 additional houses Pre-Sold, 30 Houses delivered and serviced with Revolution Loan. Dividend Communication and Distribution. DECEMBER O22 35 Houses delivered and serviced with Revolution Loan. Dividend Communication and Distribution. DECEMBER 2022 Prime-Ex Perpetual Whitepaper 20

21 CONCLUSION The Prime-Ex Perpetual business model revolutionizes the approach to development, sale, and financing of real estate, to bring real estate profits to you. Controlling the real estate process from beginning to end enables Prime-Ex to achieve economies of scope and scale, being able to pass the resulting profits to PEX token holders. We bring Prime-Ex Perpetual and homeowners to the same side of the table. We will maintain all homes we build to ensure they remain in top condition, and ready to go back to the market if a homeowner uses the buyback program. The terms of the Revolution Loan have no rival in Panama and come to meet the needs of an underserved market. Our financing product is different from its qualification conditions up to the lender incentives to fulfill obligations, encouraged through the buy-back program. This results in a near-zero risk of default. We have effectively created a performing, high-yielding asset, possessing minimal risk. The PEX ICO will be the crowdsourcing mechanism to fund our proof of concept, and we will create organic PEX demand by providing an interest rate cut to all homeowners participating in the Revolution Loan who make their payments using PEX tokens. Our executive team has a strong international network along with the the proven experience in Panama and abroad in homebuilding, real estate commercialization, and residential mortgages. This ensures the success of our proof of concept. We believe that the Prime-Ex Perpetual model will ultimately produce returns beneficial to all participants in our ecosystem while building into a position to become an extremely disruptive force for the good of all people who wish to develop, build, and/or purchase real estate. The Prime-Ex Perpetual model will be to real estate what text messaging was to letter writing, what VRBO or AIRBNB have been to the hotel industry, what UBER has been to the taxi industry, or what Netflix has been to Blockbuster. Let s change the world for the better! Join our PEX Token crowdfund at Prime-Ex Perpetual Whitepaper 21

22 DISCLAIMER THE INFORMATION PROVIDED IN THIS WHITE PAPER IS NOT INTENDED FOR DISTRIBUTION TO, OR USE BY, ANY PERSON OR ENTITY IN THE UNITED STATES OR THE REPUBLIC OF PANAMA, OR IN ANY JURISDICTION OR COUNTRY WHERE SUCH DISTRIBUTION OR USE WOULD BE CONTRARY TO ANY LAW OR REGULATION, OR WHICH WOULD SUBJECT PRIME-EX S.A. OR PEX- TOKEN ( PEX ), TO ANY REGISTRATION, LICENSING OR OTHER AUTHORIZATION REQUIREMENT WITHIN SUCH JURISDICTION OR COUNTRY. YOU ARE ONLY ALLOWED TO PURCHASE PEX IF AND BY BUYING PEX YOU COVENANT, REPRESENT, AND WARRANT THAT YOU ARE NOT A PERMANENT RESIDENT OF THE REPUBLIC OF PANAMA, A U.S. CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES AND NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES. IN ORDER TO BUY PEX AND BY BUYING PEX YOU COVENANT, REPRESENT, AND WARRANT THAT NONE OF THE OWNERS OF THE COMPANY, OF WHICH YOU ARE AN AUTHORIZED OFFICER, ARE A PERMANENT RESIDENT OF THE REPUBLIC OF PANAMA, A U.S. CITIZEN OR ARE A PERMANENT RESIDENT OF THE UNITED STATES AND NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES. FAILURE TO OBSERVE THESE RULES AND STIPULATIONS PERTAINING TO THE ISSUANCE AND OR PURCHASE OF PEX TOKENS DISQUALIFIES YOU FROM PARTICIPATION IN THE PRIME-EX ECOSYSTEM AS WELL AS NULLIFIES ANY AND ALL CLAIMS YOU WOULD OTHERWISE ENJOY AGAINST PRIME-EX S.A. AND AFFILIATES. SHOULD THIS CHANGE AT ANY TIME, YOU SHALL IMMEDIATELY NOTIFY PRIME-EX S.A.. PRIME- EX S.A. SHALL RESERVE THE RIGHT TO REFUSE SELLING PEX TO ANYONE WHO DOES NOT MEET CRITERIA NECESSARY FOR THEIR BUYING, AS SET OUT HEREUNDER AND BY THE APPLICABLE LAW. IN PARTICULAR, PRIME-EX S.A. MAY REFUSE SELLING PEX TO PERMANENT RESIDENTS OF THE REPUBLIC OF PANAMA, U.S. CITIZENS, PERMANENT RESIDENTS OF THE UNITED STATES AND THOSE USERS WHO DO NOT MEET ELIGIBILITY CRITERIA ESTABLISHED BY PRIME-EX S.A FROM TIME TO TIME IN ITS SOLE DISCRETION. The data content of this white paper is intended for general information purposes only and does not constitute solicitation of or an offer to purchase any securities. This white paper should be used for general research purposes only. It does not, nor does it purport to, constitute any form of professional investment advice, recommendation or independent analysis. Consequently, the information contained in this white paper has NOT been prepared in accordance with the relevant rules and regulations governing such publications in various jurisdictions. Prime-Ex Perpetual Whitepaper 22