May 2009

LOCATION AND SERVICES

The property is located on Avenida Hipólito Yrigoyen (ex Pavon) No. 598 to 680 of the town of Avellaneda only 7,300 meters from center of the Autonomous City of Buenos Aires, the Obelisk, a freeway access. Has 148 mts. Linear on one of the greatest avenues of vehicles that allows direct access to the towns of Lanús, Lomas de Zamora, Adrogue among others. Circulating in his face several bus lines, including 33, 37, 45, 51, 93, 100, 231, 247, 271, 277, 293, 421, etc. .. A 50 mts. Avellaneda station is that within minutes you can bring Temperley.Cuenta Constitution or a shopping center within 100 mtrs.

FIELD

The property where the work is done 13.194.95 m2 has nearly four acres of which will deal as one area departments fourth part, the rest of the spaces are intended for gardens, playground, swimming pools and recreation centers, the huge common area for exclusive use of owners of the apartments.

BUILDING

The building has a number of services that distinguish it from others and especially those buildings located in the area, allowing the inhabitants of the same have an array of amenities and enjoy their surroundings, such as security by providing two pedestrian and one vehicular access, security cameras all around the property, business premises that will meet the needs only of the people thereof, ballrooms, three pools, including one heated in the floor 26, with excellent views, nursery and kindergarten, gym, sauna, cafes with service delivery, etc. .. All these services can be used by owners and may be benefiting not only for the convenience of having them close at hand, but also with the security provided by the site and also with great benefit to provide income sectors leased, which will decrease the amount of monthly expenses.

BUSINESS BASIC SCHEME

a) .- Establishment of a guarantee trust by the transfer of ownership by Bainter Trust Real Estate Investments SA for Bapro Mandates and Business SA The company is currently transferring the only ownership of the property owner, who does not record encumbrances of any kind. The trust agreement and was signed on March 26, 2009.
b). Implementation of the work through a system of construction cost, with funding for a portion of the price to be paid after possession, in 48 installments, without need for justification of income.
c) .- Sale of units to be constructed through a system of basic price determined by reference to the areas covered, half covered and uncovered, proper, common and destined to rent for each unit, adjusted for location and height, which establishing a base tax rate to be used for all subsequent determination based on actual costs.

d) .- The prices will not be indexed but will only reflect the true cost of work plus the value of the land and required fees for full implementation, which are pre-determined percentage of the contract of sale .
e) .- Financing of the implementation of the work with contributions from both buyers and developer equity.
f) .- The contribution of the land, municipal infrastructure work already completed, the fees and contributions of the project and the calculation of structures and municipal rights and paid a portion of their fees for the management of all the project and their own contributions, will be recovered by Bainter Real Estate Investments SA after the delivery of possession, within 48 months through the provision of mortgages for the price balance in their favor or its designee.

g) .- The collection of funds from the buyers will be received only by the Banco de la Provincia de Buenos Aires. After charges of possession and deed will be made by the developer or his designee. The release of such funds shall be made by the labor certification process to measure its progress, with the consent of Bainter Real Estate Investments SA, owner of the land, Circle Real Estate Ventures SA, a developer of construction management and trust: Mandates and Business SA Bapro
h) .- The cost audit on behalf of purchasers will be performed by Deloitte & Co., a subsidiary in Argentina, a major international companies in the area.

i) .- The costs involved in administering the trust by the bank acting and the audit will form part of the cost of the work.
j) .- It is not useful to the trustee provides originator, although a fee of 8.5% of the total sale price, which will include all management of project management, which include the recruitment of all jobs in the work, with the various contractors and subcontractors, implementing controls, compliance and delivery and administrative management of sales and collections and, of course, the payment by the originator of the whole technical and administrative staff necessary for the task of this purpose.
k) .- The professional fees and agreed with the architectural firm that conducted the project, the construction management phase, were 3.3% on the cost of actual work and will be included in the cost. The fees and pension contributions for the project and design of structures has already been paid by Bainter Real Estate Investments SA and are in exclusive charge.
l) .- The sale of the units will be made solely by the network of agents Circle Real Estate. " Buyers must pay them the commission of 4% (including VAT) for all concepts that will be your only consideration. Such payment shall be made at the time they subscribe the final sale purchase tickets.
ll) .- Bainter Real Estate Investments SA shall determine the order of sale of units and the possible reservation of units for wholesale institutions or associations or delivery from suppliers.
m) .- All costs of advertising and promotion will be the exclusive responsibility of the developer and not part of the cost.
n) .- The basic value units, as explained above, be paid in 120 equal installments, in weight. Of which 5 will be in the nature reserve of purchase, another 15 shares, plus commission, to be paid in the act of signing the final contract of adhesion, during the development of work to be paid over 42 installments over 36 months (there are two contributions bonus per year in July and January), 10 monthly payments will be paid at the time of possession and 48 shares remaining after the possession. This is true for sectors 2 and 4 will be released after 36 months. For sectors 1 and 3 the amount the other plan is payable in 42 installments in those two sectors will be paid in 56 installments and possession is at 48 months.
o) .- The adjustments to be representing the possible increases in prices or lower costs obtained are set twice a year, in all cases audited by the firm hired for that purpose and shall be paid from the first installment of the next semester and so on . The large volume purchases that involve in this project will provide important economic benefits

p) .- At the end of the entire enterprise adjustment will be made on overall cost, depending on the balance sheets certified by the auditing acting, deducting all payments made by buyers during the course of the work. The balance will be paid after possession, in 48 installments as the balance of price, in pesos. This balance will accrue an interest rate equal to the Bank's lending rate of the Province of Buenos Aires for their mortgage operations, more than 4 percentage points.
q) .- The 924 units are distributed in 425 apartments with 2 rooms, 3 room 350, 125, 4 rooms, 24 exclusive duplex 4 rooms on floors 25 and 26 and 728 open and covered parking.

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