G.C.P., S.A. GRUPO DE PLANIFICACION Y CONSTRCCION CIF A-79248654 Ref.: PROJECT IN COSTA DEL SOL- BENATALAYA By means of the present, G.C.P, S.A, would like to confirm that we will be able to offer a 5% rental return for the real estate properties in the Benatalaya project in the Spanish Costa del Sol for a period of nine months per year, during two consecutive years, renewable every year by mutual agreement of the parties. ‘This rate will be guaranteed through tour operator companies, such as Globalia and others. Although 5% is the current guaranteed rate, there is a possibility that we will be able to provide higher return rates for the same properties in the future. Inscrita en el R iro Mere, de Madrid Tomo 9946, Folio 200 Secci6n 3° Hoja n” 9082-1