ALD Inmobiliaria S.A., a Costa Rica corporation (“Developer”) is developer of Puerto Papagayo, a master planned resort and residential community located on Península Papagayo, Sardinal, Carrillo, Guanacaste, Costa Rica 50503. (“Puerto Papagayo” or “Project”). Oral representations cannot be relied upon as correctly stating representations of Developer. For correct representations, please refer to this brochure and to the Purchase Agreement to be furnished by Developer.