FINANCING PROGRAM FOR HOTELS Renovation, Expansion and Implantation

BNB and ProCopa Constitutional Fund

FLAVIO PINTO – ATTORNEY AT LAW LEGAL & BUSINESS ADVISORY

Banco do Nordeste – BNB

• The biggest regional development bank in Latin America. • One of the leading banks in microfinance in the world. • Manages the FNE – the Constitutional Fund for Investing in the Brazilian Northeast.

BNB Website: http://www.bnb.com.br/

BNB ProCopa Tourism Fund

Energy Efficiency Hotel Sustainable Hotel

Certification

Energy Efficiency (1) Sustainable Hotel (1)

Adherence to the Hospitality Certification System of the

Ministry of Tourism

Total Term Renovation: up to10 years Renovation: up to12 years

New Hotels: up to15 years New Hotels: up to18 years

Participation 80% 80%

Interest Rates

National Machinery &

Equipment: 6,9% 6,9%

Other Items: 7,8%

Plus Financial Agent Credit Risk Rates

Endowment R$1 Billion

(1) The “Energy Efficiency Hotel” and “Sustainable Hotel” must be recognized by the INMETRO

BNB ProCopa Interest Rates

Nominal With 15% Bonus

(Nondefault) With 25% Bonus (Semi-Arid Region)

Participation

Interest Rates

Microenterprise 6,75% 5,73% 5,06% 100%

Small Size 8,25% 7,01% 6,18% 100%

Medium Size 9,5% 8,07% 7,12% 85% to 95%

Big Size 10,0% 8,50% 7,50% 70% to 90%

Term Up to 20 years

Up to 5 years of Grace period (interests counting and being paid)

•Microenterprise – Billing up to 240 thousand/year •Small Size – R$ 240 thousand to R$ 2,4 million/year •Medium Size – R$ 2,4 million to R$ 35 million/year •Big Size – Above R$ 35 million/year

PS 20:7

FLAVIO PINTO – LEGAL & BUSINESS ADVISORY HTTP://WWW.FLAVIOPINTO.COM

FLAVIOPINTO@GMAIL.COM PHONE: +55-85-8802-8139 – SKYPE: FLAVIOPINTO_BR

RUA GONCALVES LEDO, 1170 – 60110-261, FORTALEZA/CE - BRAZIL