GATEWAY INVESTMENT COMPANY

#709, CCMM BLDG., YEOUIDO-DONG, YOUNGDEUNGPO-GU, SEOUL, KOREA T +82-2-555-1917 F +82-2-555-1914

Doing the usual… unusually well.

Gateway to Investment

Introduction

Established in 2008, Gateway Investment Company (GIC) is an Investment & Project Management Company (IPMC) under the Real Estate Investment Company Act in Korea.

GIC is a comprehensive project management company engaging in all aspects of project phases from project investment, investment management, investment consultation, planning and corporation management.

GIC has abundant capital strength and professional and proven management with tight and invaluable connections with other investment organizations. Added to its industry knowledge, GIC draws upon its good relationships with government bodies and other development resources so that each project begins with and maintains a good reputation from the project inception to completion.

GIC is the premier Investment and Project Management in the Korean market.

Investment

Business

Comprehensive Investment Services

•∙ Attracting Foreign Investment

•∙ Foreign Investment Organizing Service

• IR Documentation & Process Control

OverseasReal Estates

•∙Diversification of Product Portfolio

•∙Joint Investment with Overseas Organization,

Real Estate Investment Companies, Developers, etc.

Development

Business

ProjectManagementService

•∙Development Scheme& Structure

• Project Integration Management

• Project Scope Management

• Customer Expectation Management

• Project Human Resource Management

• Project Risk Management

• Project Quality management

• Configuration Management

• Project Communication Management

• Project Time management

• Project Cost management

Ad Hoc Business

•∙Project Financing Vehicle(PFV) & Asset Management

•∙Entry in the field of Infrastructure Funds

•∙Real Estate Investment Advice

Areas of Core Competencies

Board of Directors Name Title

Erica Young-Zee Yoon Chairman

Young-Kook Yang CEO

Byung-Do Kim CFO & General Affairs

Park Sang-Do Auditor

Company Organization

Chairman

CEO & COO

CFO

AuditorAdvisor

Operations Organization

International Relations Dept.

Marketing Dept.

PM & DM Dept.

R&D / Consulting Dept.

Emerging Dept.

Management Organization

Finance / Treasury Dept.

PSNL / General Affairs Dept.

Accounting Dept.

Strategic Alliances

Construction Company

SAMSUNG HYUNDAI GS

STX SSANGYONG POSCO

FinancingOrganization

Korea Exchange Bank Korea Industrial Bank KOOKMIN Bank

WOORI Bank / Securities SHINHAN Bank Group KTB Securities

Architect &Engineering

MOOYOUNG HEERIM SAMWOO

MarketingConsulting

CHEIL Communications WOPARK PARTNERS HSAD

Accounting& Legal

SAMIL PWC SAMJONG KPMG TAEPYUNGYANG

IT& CM Services

SAMSUNG SDI DLS HANMI PARSONS

Gateway to Development SERVICES – PROJECT MANAGEMENT

All over the world, organizations invest billions of dollars in the development, execution and delivery of projects annually. Whether capital or operational, these projects are diverse in nature in terms of location, desired outcome and the circumstances that lead to their implementation.

For any project to be successful, it must effectively deliver on safety, quality, time and budget. This is what we strive to do in world-class fashion.

The four major phases of a project that we excel in are initiation, definition, execution, and handover & close-out. Each of these phases must be effectively managed. The process of ensuring effective project delivery defines project management and it is what GIC does best.

Thus our projects have: • A desired outcome (encompassing quality/performance & safety) • Start & finish dates, and • An established budget (in terms of men, money, machines, materials & man-hours – the 5ms of a project)

GIC’s Project Management History

1 2

3

1. UIM Korea Boat GP World Champ 2005(Promoter & Producer)

2. Dave & Busters Korea Launch Consulting(Launching Feasibility Judge) 2006

3. Korea SPEEDOM (Bike Race Dome) Rehabilitation PM 2006

1 2

3

1. Seaside Resort BUSAN KOREA 2008(Place Making & Brand Tapping)

2. KOREA Veterans Asso. Re Construction 2008(Place Making & Chief in TFT)

3. SEOUL HEONIN Luxury Town House 2008 (PFV Organizing & Brand Tapping, IR)

GIC’s Project Management History

1 2

3

1. MONACO SVCD Residence 2008(Korean SPC Structuring, Place Making)

2. CINEMA City BUCHEON KOREA 2009(Place Making, CI, FI, SI Structuring)

3. HWAYANG Free Economic Zone 2009 (TONGILGYO Resort City Project Chief in TFT)

GIC’s Project Management History

1 2

3

1. FIERA INCHEON Project CPM 2009(Korean SPC Structuring, Place Making)

2. BUSAN HAEUNDAE Mermaid Project 2009(Chief in TFT for City Competition)

3. YEOSU EXPO 2012 2010 (Place Making for Resort Area)

GIC’s Project Management History

1 2

3

1. GEOJE Island Destination Resort 2010(SPA & Water Park Consulting, Brand Tapping)

2. KYUNGPO Beach Condo Re Development 2010(Place Making, SPC Structuring with City)

3. STAR City SEOUL Life Gallery 2010 (Medical SPA PM)

Medical Zone Life Gallery ”LA’FIUM”

GIC’s Project Management History

1 2

3

1. SLOW City Korea GOHEUNG Project 2011(Place Making, Chief in TFT)

2. BONGEUN Temple SEOUL Rehabilitation 2011(Place Making, Government Proposal)

3. CINEMA City NAMYANGJU 2011 (Place Making, Brand Tapping)

GIC’s Project Management History

1 2

3

1. Regency S SPA Hotel Project 2011(Place Making, SPA Brand Tapping)

2. JEJU BERJAYA Resort (Malaysia) 2011(Place Making, Government Proposal)

3. Local Market (YOUNGDONG Market Place)Rehabilitation Project 2011 (Place Making)

GIC’s Project Management History

1

2

1. JIRI Mountain Water Park & Golf 2011(SPA & Water Park Consulting, Brand Tapping)

2. ILSAN KINTEX Hotel & Residence 2012(Place Making, Brand Tapping)

GIC’s Project Management History

Location Gijang District, Busan

Area Size 3,638,310 ㎡

Annual visitor About 6,000,000

Project Duration 2009 ~ 2015 (Grand open)

Theme Park Marvel theme park

Commercial Central Mall, Trendy Mall, Landmark Mall, etc.

Sports and Entertainment Water Park, Golf course, Sports Academy, etc

Accommodation Facilities Casino Hotel, Landmark Hotel, Ocean Condo, Spa Condo, etc.

Recreation Facilities Space Camp, Kid's Edutainment Park, Maze Garden, Life Gallery, Air Force Museum, etc.

1

2

3

1. Master Plan for EBTC(Master Developer)

2. Signing Ceremony with Government3. BUSAN City Mayor4. Congressman5. Chairman Erica Young Zee Yoon6. Minister

4 5 6

GIC’s Project Management History - Master Developer for ‘East Busan Tourism Complex’

SERVICES – INVESTMENT

Capital investment decisions that involve the purchase of items suchas land, machinery, buildings, or equipment are among the most important decisions undertaken by the business manager. These decisions typically involve the commitment of large sums of money, and they will affect the business over a number of years. Furthermore, the funds to purchase a capital item must be paid outimmediately, whereas the income or benefits accrue over time.

Because the benefits are based on future events and the ability to foresee the future is imperfect, you should make a considerable effort to evaluate investment alternatives as thoroughly as possible. The most important task of investment analysis is gathering the appropriate data.

Selecting investments that will improve the financial performance of thebusiness involves two fundamental tasks:

• Economic profitability analysis and • Financial feasibility analysis.

Economic profitability will show if an alternative is economicallyprofitable. However, an investment may not be financially feasible: that is, the cash flows may be insufficient to make the requiredprincipal and interest payments.

Gateway to Investment

SERVICES - TENANT RELATIONS

This topic is one which often receives insufficient coverage and yet is so obviousas to be paramount in the success of any building. It is also one in which everyone has vast experience.

We are all consumers and can fully comprehend what it is about a product orservice that has left us with the feeling of satisfaction. Experience has taught us that there are three key components to ensure a mutually satisfying long-term relationship with tenants These components include:

Intensive involvement on the part of management; Constant and meaningful measurement and feedback; and Sincere people orintention. As qualified as leasing representatives may be, their marketing efforts pale in comparison to the ability of the existing tenants to attract new ones. It is the task of the Property Management firm to ensure that each of the existingtenants are converted to word-of-mouth leasing representatives for the project.

Our program for building a rewarding landlord/tenant relationship starts with ourlistening ability. The initial tenant interviews (at commencement of management) are followed by regular updates. This process allows for prompt response to a variety of significant tenant concerns. Of course, any concerns on a day-to-day operational level will be handled by the on-site building staff or the Property Manager.

For the most part, the vast majority of landlord/tenant relationships foster under the implementation of the golden rule. We are, however, also familiar with and prepared to deal with the "problem" tenant. Usually, an arrears problem is a matter of educating the tenant as to their obligations. Where this process breaks down and is likely not repairable, even with involvement of senior management, we are well versed in the litigation procedures available for remedy.

Gateway to Management

SERVICES - PROPERTY MAINTENANCE

Our objectives is to provide a level of maintenance necessary toa. Protect the owner's investmentb. Maximize occupancyc. Provide the highest possible return on investment; andd. Provide an image for the property that assists in the creation of the

property's highest value.

Our maintenance program is planned and systematic and takes into account a "Preventative Maintenance Schedule" for the project. The Manager and appropriate site staff will design a comprehensive preventative maintenance program. We have found from experience that attention to such detail has resulted in substantial savings to both tenants and owners in both actual repairbills and "downtime".

All major renovations and contractual repairs are tendered to ensure the best workmanship at the fairest costs. Constant comparison of supplier and trade invoices ensure that the best dollar value is obtained. Wherever possible, bulk purchases and contracts are obtained to reduce costs. For certain types of ongoing repair and maintenance items, reputable trades are requested to provide a rigid fee structure for the property. The fee structure is required to beexpressed in hourly rates (plumbing, carpentry) and includes a fixed percentage"mark-up" on materials. Firms able to provide efficiency and economy are thenawarded the work. All suppliers are paid within 30 days or less of the receipt of their invoice.

Gateway to Maintenance

SERVICES – COMMUNICATIONS

At GIC, we take great pride in the lack of rigidity incorporated into the communication with our clients and associates. That is not to say that financial reporting deadlines are not met, however, it is vital that ownership is advised in a timely manner as to significant events occurring within the building,the marketplace, the tenants' business and our business. We believe that in thiscase, content overcomes form and thus our reporting may be by way of a telephone call, facsimile, memo or a personal visit, all re-capped as necessary in the monthly report. We view our function as a partnership and expect that full and open disclosure will be provided by the partners.

Monthly Reporting

Many companies use a standardized reporting system. While we, at GIC, have a standard, we do have the ability to modify it to match the clients requiredchart of accounts. However, most of us are not accountants. The full value of thereport will only be realized if it is used as a management tool, to assist in the operation of the facility. We will interpret the monthly results and incorporatethem into a concise management narrative, placing the emphasis on where it should be. We encourage ownership scrutiny and propose that at a minimum, annual performance evaluations of both the property and ourselves be conducted in the form of face to face meetings with owners.

As with all managed properties, extra hard copies of monthly reports are maintained at our office for review and assistance to auditors.

Gateway to Communication

SERVICES – REAL ESTATE WORKOUTS

Often, through a combination of events ranging from inexperience, to over-leveraging to lack of tenant servicing to lack of planning and a host of other ills, landlords and lenders are faced with significant exposure to losses. These projects, often referred to as "distressed properties" require immediate and extensive attention in order to minimize the aforementioned loss exposureOur objective in such engagements usually coincides with that of the directly related parties, namely to maximize the value of each individual asset.

Our services include market analysis, budget analysis or preparation, disposition impact analysis, asset evaluation, design and implementation ofrehabilitation plans, construction management, receivership appointments, power of sale, refinancing and disposition.

Gateway to Real Estate