I N V I G O R AT E A F R I C AB A S T I A T C A P I TA L P R E S E N T S :

H Y P O T H E T I C A L :

Individual inherits 10,000 acres of beach front property. Condition: None of it can be sold to raise

capital for development.

O P P O R T U N I T Y:

How does one partner with experienced investors to take advantage of the property?

C A P I TA L I Z E :

Leasehold: Developer buys the right to occupy land for a set period of time (often measured in decades).

L A N D O W N E R R E C E I V E S

• Long-term guaranteed annual lease payment

• Developer agrees to spend a minimum amount developing the property

• Developed property returns to landowner after leasehold expires

W I N - W I NL e s s e e r e c e i v e s r e t u r n o n c a p i t a l e a s i l y e x c e e d i n g c o s t o f i n v e s t m e n t

L a n d o w n e r m a i n t a i n s l o n g - t e r m o w n e r s h i p o f l a n d

P R E C E D E N T:

China leased Hong Kong to Great Britain for 99 Years

H O N G K O N G : A N E C O N O M I C B R I D G E

• Hong Kong transferred back to China in 1997

• Hong Kong’s 1997 GDP: $212 billion, China’s 1997 GDP: $953 billion

• Hong Kong’s Population was only 0.6% of China

• Hong Kong’s GDP was an incredible 18% of combined GDP

H O N G K O N G ’ S I N F L U E N C E

• Hong Kong influenced China’s adoption of capitalist ideals

• Hong Kong remains the ‘gateway to China’ for further investor capital

A N O T H E R P R E C E D E N T:

United States built the Panama Canal using similar leasehold model

PA N A M A C A N A L

• Hay-Bunau-Varilla Treaty (1903) granted the U.S. rights to build & administer the Panama Canal Zone and its defenses

• Construction cost the U.S. $375 million (>$9 billion today) making it the most expensive construction project in U.S. history

• The U.S. paid Panama $250,000 per year

M U T U A L LY B E N E F I C I A L

• Canal revolutionized world-shipping patterns - the trip from San Francisco to N.Y. became 7,800 miles shorter

• Without a leasehold arrangement, this level of spending and development would not have been possible

• 65 years since construction, the U.S. returned full control of the Canal to Panama in 1979

S H E R B R O I S L A N DS I E R R A L I O N E - H O N G K O N G R E D U X ?

S H E R B R O I S L A N D

• Located along the Atlantic Ocean

• 230 Square Miles - 1/2 size of Hong Kong

• More than 65 miles of tropical beaches

• Earmarked by Sierra Leone’s Ministry of Tourism for tourism development

• Population only 29,000

O P P O R T U N I T Y:

Norway has a sovereign wealth fund totaling $900 billion. And very cold winters.

C A P I TA L I Z E :

Leasehold: Sierra Leone negotiates a multi-decade leasehold on Sherbro Island

with the Norwegian Government

W I N - W I N

N o r w e g i a n s i n v e s t u s i n g t h e i r $ 9 0 0 b i l l i o n s o v e r e i g n w e a l t h f u n d t o s e e k a n i n v e s t m e n t r e t u r n a n d c r e a t e a w i n t e r r e f u g e .

S i e r r a L e o n e b e n e f i t s f r o m a g a t e w a y t o f u r t h e r i n v e s t m e n t f r o m N o r w a y a n d o t h e r w e a l t h y c o u n t r i e s .

P O S S I B L E A R R A N G E M E N T

• Siera Leone negotiates a 66-year leasehold on Sherbro Island with Norwegian government

• Norway commits to invest $20 billion over the leasehold period.

• Norway pays Sierra Leone $5 million to maximum of $50 million, based on 0.25% tax on property values of $20 billion

E N D R E S U LT

• Assuming private investment matches Norwegian government investment at 3:1, Sierra Leone will receive back a developed island worth more than $80 billion

• Properties would include tourist attractions, airport, hospitals, residential communities, schools, office complexes

• Facilitate further successful external investment in other parts of Africa

C O N TA C T

Albert Meyer President, Bastiat Capital

972-267-2031 ameyer@bastiatfunds.com

Ejike Okpa The OKPA Company

972-960-1417 eokpa@airmail.net