Proposed Proposed Proposed Proposed Trading & Trading & Trading & Trading & ReDevelopmentReDevelopmentReDevelopmentReDevelopment Maharashtra - India

( t rading-@-us$35M + re ’development-@-us$14M )

TotalProjectCost – US$-49M

Issued by

Ar’.KotaAssociates (e’mail : <kota.architects@gmail.com>)

Oct’11

CONTENTS

NOTE NOTE NOTE NOTE (Owner/Sel ler’s)(Owner/Sel ler’s)(Owner/Sel ler’s)(Owner/Sel ler’s)

Expression of InterestExpression of InterestExpression of InterestExpression of Interest

Project QuestionnaireProject QuestionnaireProject QuestionnaireProject Questionnaire (Acquisit ions)(Acquisit ions)(Acquisit ions)(Acquisit ions)

Executive SummaryExecutive SummaryExecutive SummaryExecutive Summary

PhotosPhotosPhotosPhotos

Non Solicitat ion LetterNon Solicitat ion LetterNon Solicitat ion LetterNon Solicitat ion Letter

Return on InvestmentReturn on InvestmentReturn on InvestmentReturn on Investment

1

NOTE (Owner/Sel ler’s)NOTE (Owner/Sel ler’s)NOTE (Owner/Sel ler’s)NOTE (Owner/Sel ler’s)

2

Expression of InterestExpression of InterestExpression of InterestExpression of Interest | Retainer| Retainer| Retainer| Retainer

3

Project Project Project Project Questionnaire (Acquisit ions)Questionnaire (Acquisit ions)Questionnaire (Acquisit ions)Questionnaire (Acquisit ions)

Executive SummaryExecutive SummaryExecutive SummaryExecutive Summary

5

PhotosPhotosPhotosPhotos

6.5 acre full plot (shown in red border) AerialView - Hotel site & City Lake Hotel-View from Lake

Front View Two Side View Side View 6

Restaurant Reception VIP Suit

OpenAir Cafe Night View Porch

7

Non Solicitat ion LetterNon Solicitat ion LetterNon Solicitat ion LetterNon Solicitat ion Letter

8

Return on InvestmentReturn on InvestmentReturn on InvestmentReturn on Investment

Buyer wi l l gain/prof i t in this Buyer wi l l gain/prof i t in this Buyer wi l l gain/prof i t in this Buyer wi l l gain/prof i t in this SHALINI HeritagePalaceHotel ’sSHALINI HeritagePalaceHotel ’sSHALINI HeritagePalaceHotel ’sSHALINI HeritagePalaceHotel ’s

TradingTradingTradingTrading----&&&&----ReDevelopment pro ject as fol lowsReDevelopment pro ject as fol lowsReDevelopment pro ject as fol lowsReDevelopment pro ject as fol lows

• Buyer is expected to Buyer is expected to Buyer is expected to Buyer is expected to buy this property of 6 .5buy this property of 6 .5buy this property of 6 .5buy this property of 6 .5 ----carecarecarecare ----estate + Heri tagePalaceHotel estate + Heri tagePalaceHotel estate + Heri tagePalaceHotel estate + Heri tagePalaceHotel on i t at US$on i t at US$on i t at US$on i t at US$----35M35M35M35M (appx’-Rs.155.36/-Cr’s) & possess al l of i t for wel l& possess al l of i t for wel l& possess al l of i t for wel l& possess al l of i t for wel l ----over over over over 250250250250---- ( two(two(two(two ---- f i vef i vef i vef i ve ---- zero)zero)zero)zero) ---- years of leaseyears of leaseyears of leaseyears of lease ----ownership .ownership .ownership .ownership .

• To successful ly procure ReturnTo successful ly procure ReturnTo successful ly procure ReturnTo successful ly procure Return ----onononon---- Investments , sooner or later Buyer must Investments , sooner or later Buyer must Investments , sooner or later Buyer must Investments , sooner or later Buyer must furtfurtfurtfurt her invest US$her invest US$her invest US$her invest US$----14M14M14M14M(appx’-Rs.65/-Cr’s , for HighEnd, for HighEnd, for HighEnd, for HighEnd----commercialcommercialcommercialcommercial ----NewConstruct ions of @ 630’000/NewConstruct ions of @ 630’000/NewConstruct ions of @ 630’000/NewConstruct ions of @ 630’000/----Sq’Mts , as UrbanReDevelopmentPro ject , on Sq’Mts , as UrbanReDevelopmentPro ject , on Sq’Mts , as UrbanReDevelopmentPro ject , on Sq’Mts , as UrbanReDevelopmentPro ject , on seeking NewBui ldingPermiss ions . seeking NewBui ldingPermiss ions . seeking NewBui ldingPermiss ions . seeking NewBui ldingPermiss ions .

• both above wi l l fetch with in 2both above wi l l fetch with in 2both above wi l l fetch with in 2both above wi l l fetch with in 2 ---- totototo ----5 years m in’ US$5 years m in’ US$5 years m in’ US$5 years m in’ US$----55M55M55M55M(appx’-Rs.235/-Cr’s , , , , af ter af ter af ter af ter t rading/sel l ing above NewConstruct ions ,t rading/sel l ing above NewConstruct ions ,t rading/sel l ing above NewConstruct ions ,t rading/sel l ing above NewConstruct ions ,

• above’ l l addi t ional ly offer him a gainabove’ l l addi t ional ly offer him a gainabove’ l l addi t ional ly offer him a gainabove’ l l addi t ional ly offer him a gain ---- (RoI)(RoI)(RoI)(RoI) ----of US$ 8of US$ 8of US$ 8of US$ 8 ---- totototo----20M, as fol lows 20M, as fol lows 20M, as fol lows 20M, as fol lows –––– a )a)a)a) Buyer’ l l prof i t i n cash by m in’ US$Buyer’ l l prof i t i n cash by m in’ US$Buyer’ l l prof i t i n cash by m in’ US$Buyer’ l l prof i t i n cash by m in’ US$----2M +2M +2M +2M + b)b)b)b) exist ing above HeritagePalaceHotel cost ing upto US$exist ing above HeritagePalaceHotel cost ing upto US$exist ing above HeritagePalaceHotel cost ing upto US$exist ing above HeritagePalaceHotel cost ing upto US$----12.75M wi l l remain in 12.75M wi l l remain in 12.75M wi l l remain in 12.75M wi l l remain in

se l fse l fse lfse lf ----ownership &’ l l come ownership &’ l l come ownership &’ l l come ownership &’ l l come in f ree +in f ree +in f ree +in f ree + c)c)c)c) (present ly cost ing US$(present ly cost ing US$(present ly cost ing US$(present ly cost ing US$----1.25M of) open1.25M of) open1.25M of) open1.25M of) open ---- land of @land of @land of @land of @----2222---- acres between CityLake acres between CityLake acres between CityLake acres between CityLake

& above& above& above& above ----Hotel w i l l remain in se l fHotel w i l l remain in se l fHotel w i l l remain in se l fHotel w i l l remain in se l f ----ownership & ’ l l come in free.ownership & ’ l l come in free.ownership & ’ l l come in free.ownership & ’ l l come in free. Above are the ga ins for any buyer in purchas ing above 6.5 ’acredAbove are the ga ins for any buyer in purchas ing above 6.5 ’acredAbove are the ga ins for any buyer in purchas ing above 6.5 ’acredAbove are the ga ins for any buyer in purchas ing above 6.5 ’acred---- ‘sha l in i ’‘sha l in i ’‘sha l in i ’‘sha l in i ’ ----

HeritagePalaceHotel .HeritagePalaceHotel .HeritagePalaceHotel .HeritagePalaceHotel .

9

PropPropPropProposed osed osed osed Trading & Trading & Trading & Trading & ReDevelopmentReDevelopmentReDevelopmentReDevelopment Maharashtra - India

Issued by

Ar’.KotaAssociatesAr’.KotaAssociatesAr’.KotaAssociatesAr’.KotaAssociates (e ’ ma i l : <k ot a.ar c hi te cts @gma i l . c om >)

Oct’11