South Pacific Beachfront Investment Teouma Bay Efate Island Vanuatu

& The Bungalow Residences& The Bungalow ResidencesPacific Haven ResortPacific Haven Resort

INVESTMENT HIGHLIGHTS

Growing Tourist Destination with Positive Market FundamentalsThe Pacific Asia Travel Association (PATA) forecasts visitor arrivals to Vanuatu will reach almost 130,000 by the end of 2012, representing exceptional growth of approximately 42% since 2008. With the introduction of low cost carriers and improving accessibility by both air and sea, Vanuatu continues to strengthen its reputation as one of the most popular holiday and conference destinations in the South Pacific.

This, coupled with a constrained supply of tourist accommodation and no further hotels or resorts under construction, will ensure that an incoming owner is well placed to capitalise on future income and capital growth potential..

Exclusive Location with Great Accessibility Located just 15 minutes drive from Port Vila, the capital city and main financial hub of Vanuatu, Pacific Haven Resort benefits from ease of access to a wide range of amenities and services. It is also within close proximity of Bauerfield Airport - Vanuatu's main international and domestic airport and main gateway to the Pacific Island nation.

In addition, the resort close proximity to Port Vila means that utilities (including water, electricity and telecommunications) are supplied directly To the resort, reducing the need for costly installation and ongoing servicing of plant and equipment.

International Tax HavenIn a study carried out by the World Bank and Pricewaterhouse Coopers in 2007, Vanuatu topped the list as the lowest taxed country in the world. Long established as an international tax haven, the government of Vanuatu does not levy any income taxes, corporation taxes, capital gains taxes, VAT (or sales taxes) or withholding taxes.

International company investment is governed by the International Companies Act, which provides foreign investors with tax exemptions for a minimum of 20 years.

"The Secret is Vanuatu"With an Exclusive Location

& The Bungalow ResidencesPacific Haven Resort

3

INVESTMENT HIGHLIGHTS

Growing Tourist Destination with Positive Market FundamentalsThe Pacific Asia Travel Association (PATA) forecasts visitor arrivals to Vanuatu will reach almost 130,000 by the end of 2012, representing exceptional growth of approximately 42% since 2008. With the introduction of low cost carriers and improving accessibility by both air and sea, Vanuatu continues to strengthen its reputation as one of the most popular holiday and conference destinations in the South Pacific.

This, coupled with a constrained supply of tourist accommodation and no further hotels or resorts under construction, will ensure that an incoming owner is well placed to capitalise on future income and capital growth potential..

Exclusive Location with Great Accessibility Located just 15 minutes drive from Port Vila, the capital city and main financial hub of Vanuatu, Pacific Haven Resort benefits from ease of access to a wide range of amenities and services. It is also within close proximity of Bauerfield Airport - Vanuatu's main international and domestic airport and main gateway to the Pacific Island nation.

In addition, the resort close proximity to Port Vila means that utilities (including water, electricity and telecommunications) are supplied directly To the resort, reducing the need for costly installation and ongoing servicing of plant and equipment.

International Tax HavenIn a study carried out by the World Bank and Pricewaterhouse Coopers in 2007, Vanuatu topped the list as the lowest taxed country in the world. Long established as an international tax haven, the government of Vanuatu does not levy any income taxes, corporation taxes, capital gains taxes, VAT (or sales taxes) or withholding taxes.

International company investment is governed by the International Companies Act, which provides foreign investors with tax exemptions for a minimum of 20 years.

"The Secret is Vanuatu"With an Exclusive Location

& The Bungalow ResidencesPacific Haven Resort

3

AIR ACCESSInternational TourismVisitor ArrivalsSince 2002, visitor arrivals to Vanuatu have recorded strong growth, averaging 7.3% each year and reaching record levels of over 90,000 in 2008. The Pacific Asia Travel Association (PATA) expects this trend to continue, forecasting visitor arrivals to reach almost 130,000 by 2012.

The current port of entry to Vanuatu is Bauerfield International and Domestic Airport, located 10 minutes from the capital city Port Vila.Vanuatu has its own international airline, Air Vanuatu, which provides direct services to and from Sydney (3 hrs 20 mins), Brisbane (2 hrs 30 mins), Melbourne (3 hrs 55 mins), Auckland (3 hrs 10 mins), Noumea (1 hr 45 mins) and Nadi (2 hrs). Other airlines that operate in Vanuatu include Air Caledonia, Air New Zealand, Air Pacific and Pacific Blue.Two additional airports capable of receiving international flights – Pekoa Airport and Whitegrass Airport – are located on Espiritu Santo and Tanna Island respectively.

Tourism Demand Generators Vanuatu is one of the closest South Pacific destinations to Australia and New Zealand and enjoys a compatible time zone with most of the important tourist sources around the eastern Pacific rim. This proximity/ease of access, along with a trend towards short breaks, are significant demand drivers underpinning the local tourism industry in Vanuatu.

Port Vila also regularly features on the itinerary of many South Pacific cruises, including P&O's Pacific Sun, Pacific Princess and Pacific Star, with between seven and nine ships visiting Port Vila and Luganville each month. In addition, more than 500 yachts call in each year and find safe anchorage in Port Vila Harbour.

Tourist AccommodationCurrently there are only three larger hotels and resorts in Port Vila, being Iririki Island Resort, Le Lagon Resort and the Grand Hotel & Casino. Collectively these properties provide just 345 rooms. In addition, there are a number of smaller hotels in the Port Vila area and approximately 15 hotels and resorts either on other islands or further than one hour's drive from the capital.

As such, Vanuatu is significantly underrepresented in terms of visitor accommodation when compared with neighbouring Pacific Island nations. With no further hotels or resorts currently under construction, coupled with strong growth forecast for international visitor arrivals, existing visitor accommodation facilities in Vanuatu are well placed to enjoy trading upside over the short to medium term.

VANUATU TOURISM MARKET OVERVIEWVanuatu is an archipelago of some 83 volcanic and coral-lined islands covering over 12,000 square kilometres of the South Pacific Ocean. It is situated approximately 2,250 kilometres north-east of Sydney, 800 kilometres west of Nadi and 2,000 kilometres north of Auckland.Europeans first discovered the islands of Vanuatu with the arrival of the Spanish in 1605. In the 1880's France and the United Kingdom claimed parts of the country, and in 1906 they agreed on a framework for jointly managing the archipelago as the New Hebrides. An independence movement arose in the 1970's, and the Republic of Vanuatu was created in 1980.

Today, Vanuatu is a parliamentary democracy, and boasts one of the most stable political systems in the South Pacific. The total population as at 2009 was almost 250,000, of which indigenous Melanesians made up over 90%.Vanuatu is a tax haven with no income tax, estate duty, succession duty, gift duty, tax treaties or withholding tax. International banking services are available and several major accounting firms have offices in the capital city of Port Vila. Following negative growth in the early 2000's, the Vanuatu economy experienced strong and sustained GDP growth, averaging 5.5% since 2002.

In 2006 the New Economics Foundation and Friends of the Earth environmentalist group published the Happy Planet Index which ranked Vanuatu as the “Happiest Place on Earth”.

5

AIR ACCESSInternational TourismVisitor ArrivalsSince 2002, visitor arrivals to Vanuatu have recorded strong growth, averaging 7.3% each year and reaching record levels of over 90,000 in 2008. The Pacific Asia Travel Association (PATA) expects this trend to continue, forecasting visitor arrivals to reach almost 130,000 by 2012.

The current port of entry to Vanuatu is Bauerfield International and Domestic Airport, located 10 minutes from the capital city Port Vila.Vanuatu has its own international airline, Air Vanuatu, which provides direct services to and from Sydney (3 hrs 20 mins), Brisbane (2 hrs 30 mins), Melbourne (3 hrs 55 mins), Auckland (3 hrs 10 mins), Noumea (1 hr 45 mins) and Nadi (2 hrs). Other airlines that operate in Vanuatu include Air Caledonia, Air New Zealand, Air Pacific and Pacific Blue.Two additional airports capable of receiving international flights – Pekoa Airport and Whitegrass Airport – are located on Espiritu Santo and Tanna Island respectively.

Tourism Demand Generators Vanuatu is one of the closest South Pacific destinations to Australia and New Zealand and enjoys a compatible time zone with most of the important tourist sources around the eastern Pacific rim. This proximity/ease of access, along with a trend towards short breaks, are significant demand drivers underpinning the local tourism industry in Vanuatu.

Port Vila also regularly features on the itinerary of many South Pacific cruises, including P&O's Pacific Sun, Pacific Princess and Pacific Star, with between seven and nine ships visiting Port Vila and Luganville each month. In addition, more than 500 yachts call in each year and find safe anchorage in Port Vila Harbour.

Tourist AccommodationCurrently there are only three larger hotels and resorts in Port Vila, being Iririki Island Resort, Le Lagon Resort and the Grand Hotel & Casino. Collectively these properties provide just 345 rooms. In addition, there are a number of smaller hotels in the Port Vila area and approximately 15 hotels and resorts either on other islands or further than one hour's drive from the capital.

As such, Vanuatu is significantly underrepresented in terms of visitor accommodation when compared with neighbouring Pacific Island nations. With no further hotels or resorts currently under construction, coupled with strong growth forecast for international visitor arrivals, existing visitor accommodation facilities in Vanuatu are well placed to enjoy trading upside over the short to medium term.

VANUATU TOURISM MARKET OVERVIEWVanuatu is an archipelago of some 83 volcanic and coral-lined islands covering over 12,000 square kilometres of the South Pacific Ocean. It is situated approximately 2,250 kilometres north-east of Sydney, 800 kilometres west of Nadi and 2,000 kilometres north of Auckland.Europeans first discovered the islands of Vanuatu with the arrival of the Spanish in 1605. In the 1880's France and the United Kingdom claimed parts of the country, and in 1906 they agreed on a framework for jointly managing the archipelago as the New Hebrides. An independence movement arose in the 1970's, and the Republic of Vanuatu was created in 1980.

Today, Vanuatu is a parliamentary democracy, and boasts one of the most stable political systems in the South Pacific. The total population as at 2009 was almost 250,000, of which indigenous Melanesians made up over 90%.Vanuatu is a tax haven with no income tax, estate duty, succession duty, gift duty, tax treaties or withholding tax. International banking services are available and several major accounting firms have offices in the capital city of Port Vila. Following negative growth in the early 2000's, the Vanuatu economy experienced strong and sustained GDP growth, averaging 5.5% since 2002.

In 2006 the New Economics Foundation and Friends of the Earth environmentalist group published the Happy Planet Index which ranked Vanuatu as the “Happiest Place on Earth”.

5

OVERVIEW

What is Pacific Haven Resort and The Bungalow Residences ?Pacific Haven Resort and The Bungalow Residences, is an exclusive, privately owned, beachfront Resort Development at Teouma Bay approx 13 minutes to Port Vila. Port Vila is the Capital of The Republic of Vanuatu, where majority of commerce and tourism takes place on the island of Efate, Vanuatu.

Pacific Haven Resort and The Bungalow ResidencesPacific Haven Resort and the Bungalow Residences are an exclusive, privately owned beachfront resort development at Teouma Bay, which is just 13 minutes from Port Vila. Port Vila is the Capital of the Republic of Vanuatu, situated on the island of Efate, where the majority of commerce and tourism takes place.

The Development of Pacific Haven Resort and The Bungalow ResidencesStage 1. Development consists of eight, three bedroom, two storey, island style bungalow residences. We call them 'upmarket tribal' in design. The Bungalow Residences sit on 430 m² lots and range in building size from 235 m² up to 275 m².

Pacific Haven Resort and The Bungalow Residences are architecturally designed, ideally positioned at Teouma Bay, the development reflects the beauty and tranquility in this private haven of the Resort and its surroundings. It is an absolute waterfront sanctuary in paradise! Pacific Haven Resort and the Bungalow Residences are architecturally designed and ideally positioned at Teouma Bay. The development reflects the beauty and tranquillity in this private haven of the Resort and its surrounding. It is an absolute waterfront sanctuary in paradise!

These spacious three bedroom Bungalow Residences, all feature a luxurious master bedroom with fabulous panoramic Pacific Ocean views. A fully appointed kitchen, spacious living area which features soaring spaces above crafted with superb timbers. Owners will leisurely enjoy the front and rear patios which provide shade and excellent outdoor areas. Each bungalow residence has its own private swimming pool.

Stage 2. Development will consist of a further eight, one bedroom Bungalows and three more 3 x bedroom Residences plus a main Resort building. The main Resort building in Stage 2 is to be built in the style of the traditional Nakamal (Chief's house), a place where traditionally the men of Vanuatu retreat to enjoy the traditional kava drink. The Nakamal building will have a 40 to 50 seat Restaurant and Bar facility. Reception and Administration will also be included in the Nakamal building providing a seven day a week service.

Pacific Haven Resort is perfectly positioned to provide the best of the relaxed Vanuatu lifestyle with all Bungalow Residences featuring generous patios and expansive views of the natural surrounding beauty of this eco-resort.

"Welcome"Every visit is a getaway of a lifetime

7

OVERVIEW

What is Pacific Haven Resort and The Bungalow Residences ?Pacific Haven Resort and The Bungalow Residences, is an exclusive, privately owned, beachfront Resort Development at Teouma Bay approx 13 minutes to Port Vila. Port Vila is the Capital of The Republic of Vanuatu, where majority of commerce and tourism takes place on the island of Efate, Vanuatu.

Pacific Haven Resort and The Bungalow ResidencesPacific Haven Resort and the Bungalow Residences are an exclusive, privately owned beachfront resort development at Teouma Bay, which is just 13 minutes from Port Vila. Port Vila is the Capital of the Republic of Vanuatu, situated on the island of Efate, where the majority of commerce and tourism takes place.

The Development of Pacific Haven Resort and The Bungalow ResidencesStage 1. Development consists of eight, three bedroom, two storey, island style bungalow residences. We call them 'upmarket tribal' in design. The Bungalow Residences sit on 430 m² lots and range in building size from 235 m² up to 275 m².

Pacific Haven Resort and The Bungalow Residences are architecturally designed, ideally positioned at Teouma Bay, the development reflects the beauty and tranquility in this private haven of the Resort and its surroundings. It is an absolute waterfront sanctuary in paradise! Pacific Haven Resort and the Bungalow Residences are architecturally designed and ideally positioned at Teouma Bay. The development reflects the beauty and tranquillity in this private haven of the Resort and its surrounding. It is an absolute waterfront sanctuary in paradise!

These spacious three bedroom Bungalow Residences, all feature a luxurious master bedroom with fabulous panoramic Pacific Ocean views. A fully appointed kitchen, spacious living area which features soaring spaces above crafted with superb timbers. Owners will leisurely enjoy the front and rear patios which provide shade and excellent outdoor areas. Each bungalow residence has its own private swimming pool.

Stage 2. Development will consist of a further eight, one bedroom Bungalows and three more 3 x bedroom Residences plus a main Resort building. The main Resort building in Stage 2 is to be built in the style of the traditional Nakamal (Chief's house), a place where traditionally the men of Vanuatu retreat to enjoy the traditional kava drink. The Nakamal building will have a 40 to 50 seat Restaurant and Bar facility. Reception and Administration will also be included in the Nakamal building providing a seven day a week service.

Pacific Haven Resort is perfectly positioned to provide the best of the relaxed Vanuatu lifestyle with all Bungalow Residences featuring generous patios and expansive views of the natural surrounding beauty of this eco-resort.

"Welcome"Every visit is a getaway of a lifetime

7

Investor Ownership OptionsRepresenting coastal living at its' very best Pacific Haven Resort and residents enables Owners, to experience the pleasure and privacy of a second residence, complete with a full complement of leisure amenities without many of the hassles of second residence ownership. The Ownership can be tailored to suit individual lifestyles which can include the choice of Whole Ownership or Co-Ownership option or Syndicate Ownership option.

Option 1. Outright Purchase Equals Whole OwnershipThe outright purchase price is from $530,000 Australian. In the case of an outright purchase, the owner can use the property for one month a year at no charge, except for cleaning. The owner can book anytime of the year and the Resort Management will work around that booking The Resort Management will fully manage and promote the Resort Development with the ideal usage or occupancy factor, target of 80% within 24 months of opening and an estimate approximately 60 to 70% ,over the first 12 months.

Option 2. Co-OwnershipPacific Haven Resort Co-Ownership represents an astute opportunity for those wishing to balance demanding lifestyle to benefit with having a second residence ownership and enjoy truly memorable holiday experiences.The Pacific Haven Resort Co-Ownership enables Investors to purchase an equity Co-Ownership interest in a luxury three-bedroom, waterfront Bungalow Residence at 4.5 star resort rating. Each Co-Ownership offers one week's use per year to enjoy their Investment.Each Bungalow Residence sits on its' own 430 m² strata titled building lot and shares the common property of the 80m waterfront and beachfront plus the Pacific Haven Resort facilities such as the Central Infinity Pool and The Nakamal.

& The Bungalow ResidencesPacific Haven Resort

& The Bungalow ResidencesPacific Haven Resort

Pacific Haven Resort Site Plan

Lot 1Type E Villa

Lot 2Type E Villa

Lot 9Type E Villa

Lot 4Type E Villa

Lot 3Type E Villa

Lot 6Type E Villa

Lot 5Type E Villa

Lot 8Type A Villa

Lot 7Type E Villa

Lot 13Type A Villa

Lot 12Type A Villa

Lot 11Future Dvlpment Pool Bar

Site

Beach

Reception,Restaurant, Bar

& Spa

9

Investor Ownership OptionsRepresenting coastal living at its' very best Pacific Haven Resort and residents enables Owners, to experience the pleasure and privacy of a second residence, complete with a full complement of leisure amenities without many of the hassles of second residence ownership. The Ownership can be tailored to suit individual lifestyles which can include the choice of Whole Ownership or Co-Ownership option or Syndicate Ownership option.

Option 1. Outright Purchase Equals Whole OwnershipThe outright purchase price is from $530,000 Australian. In the case of an outright purchase, the owner can use the property for one month a year at no charge, except for cleaning. The owner can book anytime of the year and the Resort Management will work around that booking The Resort Management will fully manage and promote the Resort Development with the ideal usage or occupancy factor, target of 80% within 24 months of opening and an estimate approximately 60 to 70% ,over the first 12 months.

Option 2. Co-OwnershipPacific Haven Resort Co-Ownership represents an astute opportunity for those wishing to balance demanding lifestyle to benefit with having a second residence ownership and enjoy truly memorable holiday experiences.The Pacific Haven Resort Co-Ownership enables Investors to purchase an equity Co-Ownership interest in a luxury three-bedroom, waterfront Bungalow Residence at 4.5 star resort rating. Each Co-Ownership offers one week's use per year to enjoy their Investment.Each Bungalow Residence sits on its' own 430 m² strata titled building lot and shares the common property of the 80m waterfront and beachfront plus the Pacific Haven Resort facilities such as the Central Infinity Pool and The Nakamal.

& The Bungalow ResidencesPacific Haven Resort

& The Bungalow ResidencesPacific Haven Resort

Pacific Haven Resort Site Plan

Lot 1Type E Villa

Lot 2Type E Villa

Lot 9Type E Villa

Lot 4Type E Villa

Lot 3Type E Villa

Lot 6Type E Villa

Lot 5Type E Villa

Lot 8Type A Villa

Lot 7Type E Villa

Lot 13Type A Villa

Lot 12Type A Villa

Lot 11Future Dvlpment Pool Bar

Site

Beach

Reception,Restaurant, Bar

& Spa

9

Option 3. Group Purchase Equals Syndicate OwnerPacific Haven Resort Developers, have just introduced the opportunity of investment, for buyers to purchase a really unique beachfront property. In the form of a small property syndicate, made up of six shares. Each Syndicate Owner, will own 1/6th of The Bungalow Residence, including the land. Your name will be included on the Strata Title Deed along with the other five owners and will be responsible for 1/6th of the Strata Title Fee of $1000 Australian each per year. Finance can be arranged through the ANZ Bank in Vanuatu on 20% deposit, with repayments over 20 to 25 years to approved applicants. Syndicate Ownership can start with as little as $17,500 deposit and the rental income on 60 % projection occupancy would cover repayments

Each of the shareholders will be offered the use of the Resort Bungalow Residence for one week per year, free of charge except cleaning. The Bungalow Residence can accommodate up to 8 people and again the Resort Management allows the owners to advise of the time frame of usage. The only proviso here is, that if we have group bookings, that the bookings of the paying holidaymaker takes precedence over the owners booking, so we advise you to make your bookings in advance! The Resort Management will enter into a 10 year mgt agreement with owners and also is willing to accommodate short notice bookings 30 days or less if there was no commercial loss in the rental income.

Rental of the Bungalow Residences To preserve the integrity and exclusivity and the privacy of Pacific Haven Resort and the Bungalow Residences; the Resort Management will not take bookings in the residences for more than four couples or a total family of eight people. The vast percentage of Resorts in Vanuatu do not accept children under the age of 15. The Resort Management intend to only accept children, under the age of 15, in school holiday periods.

& The Bungalow ResidencesPacific Haven Resort

"Absolute beachfront accommodation"Comfortable with absolute privacy

11

Option 3. Group Purchase Equals Syndicate OwnerPacific Haven Resort Developers, have just introduced the opportunity of investment, for buyers to purchase a really unique beachfront property. In the form of a small property syndicate, made up of six shares. Each Syndicate Owner, will own 1/6th of The Bungalow Residence, including the land. Your name will be included on the Strata Title Deed along with the other five owners and will be responsible for 1/6th of the Strata Title Fee of $1000 Australian each per year. Finance can be arranged through the ANZ Bank in Vanuatu on 20% deposit, with repayments over 20 to 25 years to approved applicants. Syndicate Ownership can start with as little as $17,500 deposit and the rental income on 60 % projection occupancy would cover repayments

Each of the shareholders will be offered the use of the Resort Bungalow Residence for one week per year, free of charge except cleaning. The Bungalow Residence can accommodate up to 8 people and again the Resort Management allows the owners to advise of the time frame of usage. The only proviso here is, that if we have group bookings, that the bookings of the paying holidaymaker takes precedence over the owners booking, so we advise you to make your bookings in advance! The Resort Management will enter into a 10 year mgt agreement with owners and also is willing to accommodate short notice bookings 30 days or less if there was no commercial loss in the rental income.

Rental of the Bungalow Residences To preserve the integrity and exclusivity and the privacy of Pacific Haven Resort and the Bungalow Residences; the Resort Management will not take bookings in the residences for more than four couples or a total family of eight people. The vast percentage of Resorts in Vanuatu do not accept children under the age of 15. The Resort Management intend to only accept children, under the age of 15, in school holiday periods.

& The Bungalow ResidencesPacific Haven Resort

"Absolute beachfront accommodation"Comfortable with absolute privacy

11

Annual ContributionsAnnual Contributions fund the common cost for the Resort Estate and covers all services, common facilities, amenities, reserves/replacements, utility bills, and cleaning that is required, to ensure, an immaculate level of presentation, maintenance, of the common property. Refer to the Projected Costs and Incomes (see page 20) which lists levels of return on various occupancy percentages and responding costs to each Owner, Co -Owner or to its' Syndicate Owner of 1/6th.

Furnishings, Fixtures and FittingsAll Bungalow Residences are fully furnished. The interiors of the Bungalow Residences, are of unique design and craftsmanship, showcasing exquisite timbers, artwork, hand crafted imported teak furniture, which includes, four poster beds, side tables, lounge suites, outdoor and patio furnishings, plus all white goods, fans, solar air-conditioning, linen, towels, cutlery and crockery for eight guests in the fully equipped kitchens.

"Just the best swimming & diving in Teouma Bay"

Type A Villa Floor Plan

Ground FloorFirst Floor13

Annual ContributionsAnnual Contributions fund the common cost for the Resort Estate and covers all services, common facilities, amenities, reserves/replacements, utility bills, and cleaning that is required, to ensure, an immaculate level of presentation, maintenance, of the common property. Refer to the Projected Costs and Incomes (see page 20) which lists levels of return on various occupancy percentages and responding costs to each Owner, Co -Owner or to its' Syndicate Owner of 1/6th.

Furnishings, Fixtures and FittingsAll Bungalow Residences are fully furnished. The interiors of the Bungalow Residences, are of unique design and craftsmanship, showcasing exquisite timbers, artwork, hand crafted imported teak furniture, which includes, four poster beds, side tables, lounge suites, outdoor and patio furnishings, plus all white goods, fans, solar air-conditioning, linen, towels, cutlery and crockery for eight guests in the fully equipped kitchens.

"Just the best swimming & diving in Teouma Bay"

Type A Villa Floor Plan

Ground FloorFirst Floor13

Amenities and ServicePacific Haven Resort and the Bungalow Residences, will become a vibrant community of Investors, whom seek to enrich their lives and the lives of others by becoming an Investor with the status as 1. Ownership 2. Co-Ownership or 3. Syndicate Ownership, of this truly unique waterfront Development in beautiful Vanuatu.

Vanuatu Tourism is boomingP & O Cruises, estimate that by 2015, they will have 200 cruises per annum and over 450,000 tourists to the idyllic shores of Vanuatu. Vanuatu is serviced by direct flights ex-Sydney, Melbourne, Brisbane, Auckland with code shared services, coming in from Fiji. We have been advised, that with Vanuatu's new Airline open sky policy, that the Government is encouraging direct flights in from the Asian hub, such as Hong Kong, Kuala Lumpur, Phuket, and Singapore. In the last three years, we have seen the tourist occupancy factors increase. Tourists arriving to Vanuatu by air transit have already increased most favourably by approximately 75%. There are approximately 4000 airline seats per week into Vanuatu. There is currently only 354 four star Hotel rooms available on the main island and only a total of 1200 Hotel rooms throughout the islands of Vanuatu.

The Amenities and Services provided by the Resort Management at Pacific Haven Resort and The Bungalow Residences, ensure that every visit is, 'The Getaway Of A Lifetime.'

These include:-Main Resort Building or Nakamal, Restaurant and Bar, Commercial Kitchen, Wine Cellar, Library, Central Infinity Pool and seven days per week Resort Management, Staff, Reception Staff and Administration.

! Private and secluded 80 m absolute beach frontage.! 25 m Infinity Pool.! Bocce Court.! Concierge Service.! Housekeeping.

! Private Chef on request! Food and Beverage Service.! Full use of non-motorised Water Vehicles,

Watersports equipment! Private Spa treatments

"Beautiful" Teouma Bay, Efate Island, Vanuatu

15

Amenities and ServicePacific Haven Resort and the Bungalow Residences, will become a vibrant community of Investors, whom seek to enrich their lives and the lives of others by becoming an Investor with the status as 1. Ownership 2. Co-Ownership or 3. Syndicate Ownership, of this truly unique waterfront Development in beautiful Vanuatu.

Vanuatu Tourism is boomingP & O Cruises, estimate that by 2015, they will have 200 cruises per annum and over 450,000 tourists to the idyllic shores of Vanuatu. Vanuatu is serviced by direct flights ex-Sydney, Melbourne, Brisbane, Auckland with code shared services, coming in from Fiji. We have been advised, that with Vanuatu's new Airline open sky policy, that the Government is encouraging direct flights in from the Asian hub, such as Hong Kong, Kuala Lumpur, Phuket, and Singapore. In the last three years, we have seen the tourist occupancy factors increase. Tourists arriving to Vanuatu by air transit have already increased most favourably by approximately 75%. There are approximately 4000 airline seats per week into Vanuatu. There is currently only 354 four star Hotel rooms available on the main island and only a total of 1200 Hotel rooms throughout the islands of Vanuatu.

The Amenities and Services provided by the Resort Management at Pacific Haven Resort and The Bungalow Residences, ensure that every visit is, 'The Getaway Of A Lifetime.'

These include:-Main Resort Building or Nakamal, Restaurant and Bar, Commercial Kitchen, Wine Cellar, Library, Central Infinity Pool and seven days per week Resort Management, Staff, Reception Staff and Administration.

! Private and secluded 80 m absolute beach frontage.! 25 m Infinity Pool.! Bocce Court.! Concierge Service.! Housekeeping.

! Private Chef on request! Food and Beverage Service.! Full use of non-motorised Water Vehicles,

Watersports equipment! Private Spa treatments

"Beautiful" Teouma Bay, Efate Island, Vanuatu

15

FREQUENTLY ASKED QUESTIONS

What is the advantage of Co-Ownership in Pacific Haven Resort and The Bungalow Residences.

Co-Ownership in Pacific Haven Resort and the Bungalow Residences, provides Investors with an opportunity to own a Bungalow Residence, on a fabulous tropical island. The Investment fronting onto a magnificent Bay, for millions of dollars less, than what it costs to wholly own equivalent properties on this unique coastline. The Teouma Bay / Narpow Point coastline, is currently being developed by both local and international developers, with asking prices from $800,000 to $3.9 million aus for houses within 1000 m either side of the Pacific Haven Resort and the Bungalow Residences site. Not to mention one of three of the proposed International PGA 18-hole Golf Course Hotel known as White Sands, which has just finalised earthworks and expenditure of a reported $14 .5 million on the construction of the 18 hole PGA golf course alone. White Sands is now advertising new home (house and land) prices as high as$ 1.1 million.

The professional reassurance of the Investment Property of Pacific Haven Resort and the Bungalow Residences are expertly maintained and operated at all times by the Resort Management and Staff.

Ability to on sell your Investment with Pacific Haven Resort and the Bungalow Residences with a Licensed Real Estate Australian Agent at any time.

Is Co -Ownership of The Bungalow Residence a property investment?Yes, each Co-Owner will own interest in the Bungalow Residence and will be Registered on the Land Title, as well as, Co-Ownership of the Common Facilities.

Type E Villa Floor Plan

Ground FloorFirst Floor

0

17

FREQUENTLY ASKED QUESTIONS

What is the advantage of Co-Ownership in Pacific Haven Resort and The Bungalow Residences.

Co-Ownership in Pacific Haven Resort and the Bungalow Residences, provides Investors with an opportunity to own a Bungalow Residence, on a fabulous tropical island. The Investment fronting onto a magnificent Bay, for millions of dollars less, than what it costs to wholly own equivalent properties on this unique coastline. The Teouma Bay / Narpow Point coastline, is currently being developed by both local and international developers, with asking prices from $800,000 to $3.9 million aus for houses within 1000 m either side of the Pacific Haven Resort and the Bungalow Residences site. Not to mention one of three of the proposed International PGA 18-hole Golf Course Hotel known as White Sands, which has just finalised earthworks and expenditure of a reported $14 .5 million on the construction of the 18 hole PGA golf course alone. White Sands is now advertising new home (house and land) prices as high as$ 1.1 million.

The professional reassurance of the Investment Property of Pacific Haven Resort and the Bungalow Residences are expertly maintained and operated at all times by the Resort Management and Staff.

Ability to on sell your Investment with Pacific Haven Resort and the Bungalow Residences with a Licensed Real Estate Australian Agent at any time.

Is Co -Ownership of The Bungalow Residence a property investment?Yes, each Co-Owner will own interest in the Bungalow Residence and will be Registered on the Land Title, as well as, Co-Ownership of the Common Facilities.

Type E Villa Floor Plan

Ground FloorFirst Floor

0

17

How often can I use my Bungalow Residence?If you are a complete Ownership, you can stay for one month per year. If you are a Co-Ownership or Syndicate Ownership, each share represents one week per year.

Can my family and friends use my Bungalow Residence?Absolutely! Immediate family members are considered to be, Owners or Co-Owners or Syndicate Owners according to your Investment Ownership status. They are welcome along with their guests at any time under the Agreement Terms of Contract.Unaccompanied immediate friends and their guests are welcome to use your Bungalow Residence, for the initial four planned weeks, each year if you wish, under the terms of your Investment Ownership Status under the Agreement Terms of Contract.

We don't have a large family. We will probably come just as husband-and-wife, what happens to the rest of the three-bedroom Bungalow Residence?As our Pacific Haven Resort design has been set up to 3 separate keys to the double bedrooms and ensuite on the ground floor. Separate access from the front of the bungalow allows you to enjoy the facilities of the second floor, which incorporates the kitchen and the pool and back patio, while still gaining an income from the two downstairs letting areas. The hallway has double locked doors which can be opened up for a large family of up eight people. It can be let out to three separate couples or holiday makers at the same time, giving all guests complete privacy to enjoy their stay.

So you can be enjoying your holiday or sleeping upstairs, while the Bungalow Residence is still providing a rental income up to $800 per day!

The design of the three-bedroom Pacific Haven Resort and the Bungalow Residences provide a new opportunity that you can bring your family and friends, to stay with you, when it comes time to celebrate and enjoy your Investment.

"Barefoot Luxury"Only foot steps away from the water

19

How often can I use my Bungalow Residence?If you are a complete Ownership, you can stay for one month per year. If you are a Co-Ownership or Syndicate Ownership, each share represents one week per year.

Can my family and friends use my Bungalow Residence?Absolutely! Immediate family members are considered to be, Owners or Co-Owners or Syndicate Owners according to your Investment Ownership status. They are welcome along with their guests at any time under the Agreement Terms of Contract.Unaccompanied immediate friends and their guests are welcome to use your Bungalow Residence, for the initial four planned weeks, each year if you wish, under the terms of your Investment Ownership Status under the Agreement Terms of Contract.

We don't have a large family. We will probably come just as husband-and-wife, what happens to the rest of the three-bedroom Bungalow Residence?As our Pacific Haven Resort design has been set up to 3 separate keys to the double bedrooms and ensuite on the ground floor. Separate access from the front of the bungalow allows you to enjoy the facilities of the second floor, which incorporates the kitchen and the pool and back patio, while still gaining an income from the two downstairs letting areas. The hallway has double locked doors which can be opened up for a large family of up eight people. It can be let out to three separate couples or holiday makers at the same time, giving all guests complete privacy to enjoy their stay.

So you can be enjoying your holiday or sleeping upstairs, while the Bungalow Residence is still providing a rental income up to $800 per day!

The design of the three-bedroom Pacific Haven Resort and the Bungalow Residences provide a new opportunity that you can bring your family and friends, to stay with you, when it comes time to celebrate and enjoy your Investment.

"Barefoot Luxury"Only foot steps away from the water

19

The unique design of Pacific Haven Resort and the Bungalow Residences provides an Investor with a choice of having outright Ownership or Co-Ownership or Syndicate Ownership with fabulous projected return.

ValuationsValuations, recently done by a local Bank Panel Valuer, confirms rental income and valuation of each Bungalow Residence and the Resort Development, providing an opportunity for Investors to invest with an entry level as low as $17,500 Aus. deposit and repayments of only $128 per week (1/6th share). This weekly repayment will be offset by the income stream which you will find in the attached projected rental returns and occupancy levels from 65% to 95% (see page 20).

It should be noted the average occupancy of the better four star plus resort properties in Vanuatu are currently averaging 80% occupancy. The Resort Management wishes to advise that our target in the first 12 months will be 60% average occupancy and we believe we can achieve 80% occupancy within 24 months.

We do advise each Investor to do their own due diligence and please be advised, that tourism occupancy levels can be effected by international events ,the weather and other unforeseen circumstances.

We can provide an intending Investor with several Vanuatu based professionals for due diligence e,g.Lawyers and Accountants. This is only a service. There is no monetary gain in any referrals that are provided to you.

"Spacious Interiors"Absolute privacy

21

The unique design of Pacific Haven Resort and the Bungalow Residences provides an Investor with a choice of having outright Ownership or Co-Ownership or Syndicate Ownership with fabulous projected return.

ValuationsValuations, recently done by a local Bank Panel Valuer, confirms rental income and valuation of each Bungalow Residence and the Resort Development, providing an opportunity for Investors to invest with an entry level as low as $17,500 Aus. deposit and repayments of only $128 per week (1/6th share). This weekly repayment will be offset by the income stream which you will find in the attached projected rental returns and occupancy levels from 65% to 95% (see page 20).

It should be noted the average occupancy of the better four star plus resort properties in Vanuatu are currently averaging 80% occupancy. The Resort Management wishes to advise that our target in the first 12 months will be 60% average occupancy and we believe we can achieve 80% occupancy within 24 months.

We do advise each Investor to do their own due diligence and please be advised, that tourism occupancy levels can be effected by international events ,the weather and other unforeseen circumstances.

We can provide an intending Investor with several Vanuatu based professionals for due diligence e,g.Lawyers and Accountants. This is only a service. There is no monetary gain in any referrals that are provided to you.

"Spacious Interiors"Absolute privacy

21

Invitation to InspectPacific Haven Resort and the Bungalow Residences Development are willing to fly Investors to Vanuatu from Sydney, Brisbane, Melbourne and Auckland to inspect our Development. You can secure your property with $3,000 Aus and the Development Company will provide return air fares for 2 people, with accommodation at beautiful Ramada Breakers Resort, including all transfers plus tropical breakfast, lunch and dinner. If you decide to purchase the Investment Property, up to $3,000 Aus securing deposit comes off the purchase price of the said Property. If you decide not to purchase the said Property, Pacific Haven Resort Developers will refund the $3,000 Australian, minus the cost of plane and travel, transfers and accommodation back to the prospective Investor. Please ensure you have appropriate Passport with at least 3 months validation left for travelling to Vanuatu. Allow plenty of time for your International Flight. You will be met at the International Airport by Richard Butler for your flight to Vanuatu.

The general public has shown great affection and admiration for the similar design of the successful development in Vanuatu known as the Ramada Breakas Resort. Pacific Haven Resort and Residences has no current connection with the Ramada Breakas Resort. We would like to acknowledge however, the close association with the developers and publicly thank them in this document for their assistance, to the directors of Pacific Haven Resort and Residences.

Contact details in the first instance is to:

Richard Butler of Pacific Haven Resort call now on 02 9214 6777 24 hour, seven-day a week or directly on mobile 0417 007 792 or E-mail: Richard@Pacifichavenresort.com Pacific Haven Resort, Sydney Office, Suite 203/414 Gardeners Road, Rosebery Sydney, NSW. Australia 2068.Pacific haven resort Brisbane office 30 Wandoo Street, Fortitude Valley, Brisbane Queensland.4066 Website www.Pacifichavenresort.com

"A combination of pristine pacific wilderness & Luxury beachfront living"

23

Invitation to InspectPacific Haven Resort and the Bungalow Residences Development are willing to fly Investors to Vanuatu from Sydney, Brisbane, Melbourne and Auckland to inspect our Development. You can secure your property with $3,000 Aus and the Development Company will provide return air fares for 2 people, with accommodation at beautiful Ramada Breakers Resort, including all transfers plus tropical breakfast, lunch and dinner. If you decide to purchase the Investment Property, up to $3,000 Aus securing deposit comes off the purchase price of the said Property. If you decide not to purchase the said Property, Pacific Haven Resort Developers will refund the $3,000 Australian, minus the cost of plane and travel, transfers and accommodation back to the prospective Investor. Please ensure you have appropriate Passport with at least 3 months validation left for travelling to Vanuatu. Allow plenty of time for your International Flight. You will be met at the International Airport by Richard Butler for your flight to Vanuatu.

The general public has shown great affection and admiration for the similar design of the successful development in Vanuatu known as the Ramada Breakas Resort. Pacific Haven Resort and Residences has no current connection with the Ramada Breakas Resort. We would like to acknowledge however, the close association with the developers and publicly thank them in this document for their assistance, to the directors of Pacific Haven Resort and Residences.

Contact details in the first instance is to:

Richard Butler of Pacific Haven Resort call now on 02 9214 6777 24 hour, seven-day a week or directly on mobile 0417 007 792 or E-mail: Richard@Pacifichavenresort.com Pacific Haven Resort, Sydney Office, Suite 203/414 Gardeners Road, Rosebery Sydney, NSW. Australia 2068.Pacific haven resort Brisbane office 30 Wandoo Street, Fortitude Valley, Brisbane Queensland.4066 Website www.Pacifichavenresort.com

"A combination of pristine pacific wilderness & Luxury beachfront living"

23

Accommodation Availability to Rent

Total Days 365 365 365 365 365

Owner Use (Days) 30 30 30 30 30

Days Available to Rent p.a. 335 335 335 335 335

Occupancy Rate (%) p.a. 65% 80% 95% 65% 80% 95%

Occupancy Days p.a. 217 268 318 217 268

Daily Rental Rates (incl VAT)

Studio (Upstairs) 350.00$ 350.00$ 350.00$ 550.00$ 550.00$ 550.00$

Apartment 1 (Downstairs) 228.00$ 228.00$ 228.00$ 400.00$ 400.00$ 400.00$

Apartment 2 (Downstairs) 228.00$ 228.00$ 228.00$ 400.00$ 400.00$ 400.00$

Total Gross Rental Rate per Day (incl. VAT) 806.00$ 806.00$ 806.00$ 1,350.00$ 1,350.00$ 1,350.00$

Rental Share % to Owner 40% 40% 40% 40% 40% 40%

Total Gross Rental to Owner p.a. (incl VAT) 322.40$ 322.40$ 322.40$ 540.00$ 540.00$ 540.00$

Total Gross Rental to Owner p.a. 69,960.80$ 86,403.20$ 102,523.20$ 117,180.00$ 144,720.00$ 171,720.00$

Outgoings (incl VAT)

Weekly Cleaning (@ $250 per day) 8,450.00$ 10,400.00$ 12,350.00$ 8,450.00$ 10,400.00$ 12,350.00$

Body Corporate 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$

Electricity 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$

Building Maintenance & Pool Cleaning 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$

Total Outgoings incl VAT p.a. 16,450.00$ 18,400.00$ 20,350.00$ 16,450.00$ 18,400.00$ 20,350.00$

Less Adjustment: VAT payable / (refundable) 6,688.85$ 8,500.40$ 10,271.65$ 12,591.25$ 15,790.00$ 18,921.25$

Surplus / (Deficit) p.a. 46,821.95$ 59,502.80$ 71,901.55$ 88,138.75$ 110,530.00$ 132,448.75$

Average Monthly Surplus / (Deficit) 3,901.83$ 4,958.57$ 5,991.80$ 7,344.90$ 9,210.83$ 11,037.40$

Standard Room Rates Premium Room Rates

Pacific Haven Resort, Vanuatu4.5 star resort investment house

net of booking fee

Standard Room Rates Premium Room Rates

Property Value 499,000$ 499,000$ 499,000$ 499,000$ 499,000$ 499,000$

Less Deposit (30%) 149,700$ 149,700$ 149,700$ 149,700$ 149,700$ 149,700$

Property Loan Principal 349,300$

$

349,300$

$

349,300$

$

349,300$

$

349,300$

$

349,300$

$

Interest Rate p.a. 8% 8% 8% 8% 8% 8%

Loan Term (Years) 15 15 15 15 15 15

Monthly Repayment 3,338.09 3,338.09 3,338.09 3,338.09 3,338.09 3,338.09

11.39 7.95 6.17 4.78 3.66 2.97Years Years Years Years Years Years

Payback Period - to Settle Principal(using Average Monthly Surplus)

365

30

335

318

Disclaimer Pacific Haven Resort Pty Limited for themselves and as Vendors of this property give notice that:i. The particulars of this Information Memorandum are set out as a general outline only for the guidance of Purchasers and do not constitute an offer or

contract by Pacific Haven Resorts Pty Ltd or any of the Vendors or their related bodies corporate;ii. All descriptions, dimensions, references to conditions and projected returns and all necessary permissions for use and occupation and other details

are given in good faith but any intending Purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, their own independent enquiries or otherwise as to the correctness of each of them.

iii. A draft Contract for Sale of Land is available for inspection at the offices of Pacific Haven Resorts Pty Ltd. In the event of inconsistency between this Information Memorandum and the Contract for Sale of Land or building contract the provisions of the Contract for Sale of Land shall prevail.

iv. No Person in the employ of Pacific Haven Resorts Pty Ltd or any of the Vendors has any authority to make or give any representation or warranty whatsoever in relation to this property.

v. To the extent permitted by law, Pacific Haven Resort Pty Ltd the Vendors and each of their related bodies corporate and associates and every person involved in the preparation of this Information Memorandum expressly disclaim any liability on any grounds whatsoever for any direct, indirect or consequential loss or damage (whether foreseeable or not) which may arise out of or result from any party, or its agents or nominees, acting on or relying upon all or any part of the information contained in this Information Memorandum notwithstanding any negligence, default or lack of care.

vi. To the extent permitted by law, the property will be traded or sold “as is” and “with all faults”, without any representation or warranty as to its condition, fitness for any particular purpose or compliance with any relevant law.

vii. The Vendors reserve the right, at their sole discretion, to postpone or cancel the proposed trade or sale of the property and to modify or add any terms and conditions to any proposed contract, vendor's statement or other material associated with the proposed sale, which may be made available to a potential purchaser.

viii. The Vendor does not warrant that it has any ownership in the documents or the copyright of the documents listed above. The inclusion of the documents in the Information Memorandum is for information purposes only. The Purchaser must make their own enquiries as to the ownership of the above listed documents and should refer back to the Contract for Sale of Land and building contract for all inclusions.

25

Accommodation Availability to Rent

Total Days 365 365 365 365 365

Owner Use (Days) 30 30 30 30 30

Days Available to Rent p.a. 335 335 335 335 335

Occupancy Rate (%) p.a. 65% 80% 95% 65% 80% 95%

Occupancy Days p.a. 217 268 318 217 268

Daily Rental Rates (incl VAT)

Studio (Upstairs) 350.00$ 350.00$ 350.00$ 550.00$ 550.00$ 550.00$

Apartment 1 (Downstairs) 228.00$ 228.00$ 228.00$ 400.00$ 400.00$ 400.00$

Apartment 2 (Downstairs) 228.00$ 228.00$ 228.00$ 400.00$ 400.00$ 400.00$

Total Gross Rental Rate per Day (incl. VAT) 806.00$ 806.00$ 806.00$ 1,350.00$ 1,350.00$ 1,350.00$

Rental Share % to Owner 40% 40% 40% 40% 40% 40%

Total Gross Rental to Owner p.a. (incl VAT) 322.40$ 322.40$ 322.40$ 540.00$ 540.00$ 540.00$

Total Gross Rental to Owner p.a. 69,960.80$ 86,403.20$ 102,523.20$ 117,180.00$ 144,720.00$ 171,720.00$

Outgoings (incl VAT)

Weekly Cleaning (@ $250 per day) 8,450.00$ 10,400.00$ 12,350.00$ 8,450.00$ 10,400.00$ 12,350.00$

Body Corporate 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$

Electricity 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$ 4,000.00$

Building Maintenance & Pool Cleaning 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$ 3,000.00$

Total Outgoings incl VAT p.a. 16,450.00$ 18,400.00$ 20,350.00$ 16,450.00$ 18,400.00$ 20,350.00$

Less Adjustment: VAT payable / (refundable) 6,688.85$ 8,500.40$ 10,271.65$ 12,591.25$ 15,790.00$ 18,921.25$

Surplus / (Deficit) p.a. 46,821.95$ 59,502.80$ 71,901.55$ 88,138.75$ 110,530.00$ 132,448.75$

Average Monthly Surplus / (Deficit) 3,901.83$ 4,958.57$ 5,991.80$ 7,344.90$ 9,210.83$ 11,037.40$

Standard Room Rates Premium Room Rates

Pacific Haven Resort, Vanuatu4.5 star resort investment house

net of booking fee

Standard Room Rates Premium Room Rates

Property Value 499,000$ 499,000$ 499,000$ 499,000$ 499,000$ 499,000$

Less Deposit (30%) 149,700$ 149,700$ 149,700$ 149,700$ 149,700$ 149,700$

Property Loan Principal 349,300$

$

349,300$

$

349,300$

$

349,300$

$

349,300$

$

349,300$

$

Interest Rate p.a. 8% 8% 8% 8% 8% 8%

Loan Term (Years) 15 15 15 15 15 15

Monthly Repayment 3,338.09 3,338.09 3,338.09 3,338.09 3,338.09 3,338.09

11.39 7.95 6.17 4.78 3.66 2.97Years Years Years Years Years Years

Payback Period - to Settle Principal(using Average Monthly Surplus)

365

30

335

318

Disclaimer Pacific Haven Resort Pty Limited for themselves and as Vendors of this property give notice that:i. The particulars of this Information Memorandum are set out as a general outline only for the guidance of Purchasers and do not constitute an offer or

contract by Pacific Haven Resorts Pty Ltd or any of the Vendors or their related bodies corporate;ii. All descriptions, dimensions, references to conditions and projected returns and all necessary permissions for use and occupation and other details

are given in good faith but any intending Purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, their own independent enquiries or otherwise as to the correctness of each of them.

iii. A draft Contract for Sale of Land is available for inspection at the offices of Pacific Haven Resorts Pty Ltd. In the event of inconsistency between this Information Memorandum and the Contract for Sale of Land or building contract the provisions of the Contract for Sale of Land shall prevail.

iv. No Person in the employ of Pacific Haven Resorts Pty Ltd or any of the Vendors has any authority to make or give any representation or warranty whatsoever in relation to this property.

v. To the extent permitted by law, Pacific Haven Resort Pty Ltd the Vendors and each of their related bodies corporate and associates and every person involved in the preparation of this Information Memorandum expressly disclaim any liability on any grounds whatsoever for any direct, indirect or consequential loss or damage (whether foreseeable or not) which may arise out of or result from any party, or its agents or nominees, acting on or relying upon all or any part of the information contained in this Information Memorandum notwithstanding any negligence, default or lack of care.

vi. To the extent permitted by law, the property will be traded or sold “as is” and “with all faults”, without any representation or warranty as to its condition, fitness for any particular purpose or compliance with any relevant law.

vii. The Vendors reserve the right, at their sole discretion, to postpone or cancel the proposed trade or sale of the property and to modify or add any terms and conditions to any proposed contract, vendor's statement or other material associated with the proposed sale, which may be made available to a potential purchaser.

viii. The Vendor does not warrant that it has any ownership in the documents or the copyright of the documents listed above. The inclusion of the documents in the Information Memorandum is for information purposes only. The Purchaser must make their own enquiries as to the ownership of the above listed documents and should refer back to the Contract for Sale of Land and building contract for all inclusions.

25

www.pacifichavenresort.com

Pacific Haven Resort, Sydney Office,

Suite 203/414 Gardeners Road, Rosebery, Sydney, NSW Australia 2068

Pacific Haven Resort, Brisbane Office, 30 Wandoo Street, Fortitude Valley, Brisbane Queensland.4066

For obligation free details call nowRichard Butler of Pacific Haven Resort Ph:02 9214 6777

or E-mail: Richard@Pacifichavenresort.com

& The Bungalow ResidencesPacific Haven Resort