REAL ESTATE

Investment Objective

Alioth Asset Management Sarl (from now on“Alioth Asset Management”, or “the Company”) offers advisory services and General Partner with the objective of implementing a competitive process to develop identified Real Estate opportunities mainly in Madrid, Spain, and with a minor exposure, to other cities such as Valencia, Málaga, Mallorca, Menorca, Ibiza and other metropolitan areas (from now on “Investment Opportunity”).

Alioth Asset Management has reached leadership on the market by developing, both, present and future opportunities with the support of a Project Manager and several well-established local developers.

The main aspects of Alioth Asset Management are summarized below:

Legal Structure of the Fund

Institutional Suppliers

Terms and Conditions

Investment Phases and Principal Repayment

Sensitivity Analysis

This sensitivity analysis is based on the annual profitability of investors. It is calculated on a percentage variation of the expected target sale price of the promotion or a monthly variation of the expected time to complete the sale of the units built.

It includes the consideration of the preferred performance of the investors and the penalty/reward mechanisms for the deviation from the deadlines.

For example, if the project was to be delivered 2 months in advance and the sale price was -10% below the target sale price, it would continue to offer an annual yield of 9.15 % compared to the objective of 17.57 %.

This analysis should only be used as a reasonable estimate. Other variables such as sales and tax costs may also affect specific returns.