BIJAO RESORT COMMUNITY & GOLF

BIJAO is a premier master planned development located on 250 acres on the Pacific Coast near Santa Clara, just over one hour from Panama City that features a magnificent beach, unlike any other found along the Pacific Coast. This development will feature beautifully landscaped homes and condos along with many great amenties making BIJAO a great investment.

General BIJAO Information:

- Super Clubs, 300 room, Breezes Hotel (scheduled to open in Feb.09) offering residents an opportunity to include their

property in the hotel rental pool, and to enjoy the amenities of the hotel at a reduced cost.

- Project completion projected date 2012
- Seven percent of the development is sold as of Jan 07
- 300 million dollar project that is fully funded by an international investment group
- Infrastructure scheduled to be completed by June 2008 (this will include underground electrical, sewage treatment plant,

and roads). Water will be supplied from two wells and the Rio Hato water plant.

BIJAO Residences:
- Architecture will be reminiscent of the homes built in the early Canal Era; the architect for BIJAO is the respected Gustavo

Arango

- Beach Front Custom Built Homes (minimum area is 480m2 -400 m2 is interior area and there is a 9 meter height restriction)

- Homes and lots overlooking the beach with the choice of 5 unique floor plans (the first is to be completed in June 2008)

- Condominiums priced from $185,000 (the first building is to be completed in Oct. 2008)
- Total number of planned housing units: 700

BIJAO Amenities (55% of the development has been designated for amenities):

- World class beach club will include infinity and tanning pools, event room, BBQ, sauna, Wet Bar, volleyball, ping pong,

billiards

- Wellness spa with massage, Turkish bath, and sauna
- World class workout facility
- Bar-restaurant
- Swimming pool with Jacuzzi
- Locker rooms with showers and bathroom facilities
- Sundeck with lounge chairs and towel service
- Billiard room
- Social area for group events
- Tennis Courts
- Private swimming pools with deck chairs and bohios for the exclusive use of the residents and their guests

- Nine hole golf course-par 36, designed by renowned golf course architect, Ron Garl (rongarl.com) is scheduled for

completion in mid 2008. There will be a Club house with pro shop, and a driving range

- Restaurants
- Town Center will feature deli, coffee shop, and various other services

BIJAO Ocean Front Lots Information:

- 10 lots available; 5 on the east side & 5 on the west side of the property

- 1640 feet of beach front property

- Custom Built Homes

- Must be larger than 480 m2 – total area with a height restriction of 9 meters

- Homes will be approx. 1 meter above the beach with a partial brick retaining wall below them

- Clients will retain Provivienda’s architect, Gustavo Arango at the cost of the client

- Construction will be completed by Provivienda

- Swimming pool packages available for purchase and installation

BIJAO Homes and Lots Information:

- All lots are sold with the clients choice of 6 floor plans all which include covered garages

- All lots feature spectacular views

- Ocean View all B Lots

- Golf and Lake View C & D Lots

- Mountain View C & D Lots

- All homes will be constructed for use with ‘splits’ air conditioning units, except for the Chagres model which can

accommodate central air conditioning.

- Air conditioning packages will be available for purchase and installation.

- All homes will have stainless steel kitchen appliances-Ariston stove and hood fan; refrigerator, dishwasher, microwave, and

washer and dryer brands TBD.

- Finishes: imported porcelain tiles throughout, granite kitchen countertops, marble countertops in the bathrooms, cabinets

will have high quality German hinges and extended rails. Bathroom walls will be tiled. Bathroom fixtures will be American Standard and high quality faucets will be installed.

- Professional landscaping will be included in the price of the homes

- Propane gas BBQ lines will be installed

- Swimming pool packages available for purchase and installation

BIJAO Ocean Front Lots & Homes Maintenance Fees:

- Maintenance Fees

- $1.30/m2

- Maintenance fees include:

- Landscaping for each home and of the common area

- 24 hour security

- Trash removal

- Exterior maintenance of the homes.

- Electricity is the owners’ responsibility

- Water & Gas will be metered

· COCOLI CONDOS

From US$ 297,000.00

Cocoli Building Information:

- 20 stories high with 64 units

- 73% of the units have unobstructed ocean

views (Units A1, A2, B1, D, D1, E, E1, F)

- 22% of units have partial ocean views

(Units C) (1st and 2nd floors do not have ocean view)

- 2 elevators per building

- Lobby areas include washrooms and

concierge

- Ceilings are 10 feet high

Cocoli Units Include:

- Ariston stainless steel stove and hood fan

- Refrigerator

- Dishwasher

- Microwave

- Washer and dryer

- Central A/C

- Parking Spaces: 2 uncovered spaces for

units larger than 153 m2 & 1 space for units smaller than 153 m2

Cocoli Finishes:

- Imported porcelain tile throughout

- Granite countertops in the kitchen

- Marble countertops in the bathrooms

- All cabinets will have high quality German

rails and hinges

- High quality faucets

- American Standard bathroom fixtures

- Bathroom walls will be tiled

Cocoli Amenities:

- The building will feature it’s own swimming

pool with swim-up bar, pool deck with chairs and loungers

- Bohios

- 24 hour concierge

Cocoli Maintenance Fees:

- Includes 24 hour concierge

- Garbage removal

- Maintenance of the common grounds including

exterior painting

- Maintenance fees are $1.30/m2

- Gas will be metered for each unit

- Water will be metered for each unit

- Electricity is owners’ responsibility

- Auxiliary electrical and water supply

Cocolí Condos
Ground Level/Social Area

Cocolí Condos
Level 100 to 600

Cocolí Condos
Level 700

Cocolí Condos
Level 800 & 900

Cocolí Condos
Level 1000

Cocolí Condos
Level 1100

Cocolí Condos
Level 1200 & 1300

Cocolí Condos
Level 1400

Cocolí Condos
Level 1500 to 1600

Cocolí Condos
Level 1700

A1 Floor Plant
Cocolí Condos

· BALBOA CONDOS

From US$ 414,500.00

Projected completion date: June 2009

Balboa Building Information:
- 2 buildings located on the east side of the development
- 10 meters in distance from the beach & 12 meters in height from the

beach

- Each building is 4 stories high
- 22 condos per building with 2 elevators in each building
- Ceilings are 10 feet high
- Buildings will share pool and recreation area with bar
- All units are suitable for spilt A/C units
- Storage units of 2 feet by 6.5 feet will be available for sale

Balboa Units Include:
- Ariston stainless steel stove and hood fan
- Refrigerator
- Dishwasher
- Microwave
- Washer and dryer
- One covered and one uncovered parking space

Balboa Finishes:
- Imported porcelain tile throughout
- Granite countertops in the kitchen
- Marble countertops in the bathrooms
- All cabinets will have high quality German rails and hinges
- High quality faucets
- American Standard bathroom fixtures
- Bathroom walls will be tiled

Balboa Condos
Floor Plan

Balboa Condos
Perspective

Balboa Maintenance Fees:
- Includes 24 hour concierge, garbage removal,

and maintenance of the common grounds including exterior painting.

- Maintenance fees are $1.30 per sq meter
- Gas and water will be metered for each unit
- Electricity – owners’ responsibility
- Auxiliary electrical and water supply

Balboa Condos Model A:

205m2, 3 bedrooms, 3.5 bathrooms, Maid bedroom with bathroom.

Balboa Condos Model B: 165m2, 2 bedrooms, 2.5 bathrooms.

Balboa Condos Model C: 185m2, 3 bedrooms, 3.5 bathrooms, Maid bedroom with bathroom.

· ANCON MODEL

From US$ 654,000.00

Ancon Model
Upper level