Rice - owner income

Projected annual yield US$ and %

Villa accommodation Annual Total nights Annual Owner 55%

Rate US$ Occupancy per annum Gross revenue share per annum $

380 50% 182.5 69,350.00 28,607

1/2 day Spa villa usage Annual Total nights Annual Owner 55%

Rate US$ Occupancy per annum Gross revenue share per annum $

190 15% 54.75 10,402.50 4,863

Full day Spa villa usaege Annual Total nights Annual Owner 55%

Rate US$ Occupancy per annum Gross revenue share per annum $

380 10% 36.5 13,870.00 6,484

SUB TOTAL 39,954

Annual maintenance fee @ $175 month 2100

Annual domestic services fee @$95 month 1140

NET TOTAL OWNER ANNUAL INCOME 36,714

% Yield per annum based on villa purchase price of US$295'000 12.45%