Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Exports have become more diversified in the past 10 years due to the growth of the high-tech manufacturing sector, which is dominated by the microprocessor industry. Tourism continues to bring in foreign exchange, as Costa Rica's impressive biodiversity makes it a key destination for ecotourism. Foreign investors remain attracted by the country's political stability and high education levels, as well as the fiscal incentives offered in the free-trade zones. Costa Rica has attracted the second largest amount of foreign direct investment in Latin America. Poverty has remained around 20% for nearly 20 years, and the strong social safety net that had been put into place by the government has eroded due to increased financial constraints on government expenditures. Immigration from Nicaragua has increasingly become a concern for the government. The estimated 300,000-500,000 Nicaraguans estimated to be in Costa Rica legally and illegally are an important source of - mostly unskilled - labor, but also place heavy demands on the social welfare system. The government continues to grapple with its large internal and external deficits and sizable internal debt. Reducing inflation remains a difficult problem because of rising import prices, labor market rigidities, and fiscal deficits, though lower oil prices will decrease upward pressures. The Central Bank is moving towards a more flexible exchange rate system to focus on inflation targeting by 2010. The US-Central American Free Trade Agreement (CAFTA) will enter into force in January 2009, after significant delays within the Costa Rican legislature. Nevertheless, economic growth will slow in 2009 as the global slowdown reduces export demand and invesment inflows. Costa Rica Ranked 5th Cleanest Globally On the Environmental Protection Index (EPI) developed by Columbia and Yale Universities, Costa Rica has been ranked #5 worldwide, best in the Americas and far ahead of the US. Costa Rica was bested only by famously clean European countries like Switzerland, Norway, and Sweden. Costa Rica even placed ahead of pristine New Zealand. The U.S., once a leader in environmental protection, failed to keep pace. Its overall EPI score of 81 puts it in 39th place on the list. With a per capita income $11,600, far below the developed countries that dominated the top ten, Costa Rica accomplished more than any other country globally on a cleanliness-per-dollar basis. Its strong ranking was thanks to its high percentage of permanently protected lands, ongoing reforestation, clean air except in its capital, and its fight against global warming. Costa Rica also has very strict environmental regulations, including those on new real estate development.

1. P ho t o a re a
FOR SALE
CALA DEL SOL Business
PLAYAS DEL COCO , COSTA RICA Opportunity
On the
Costa Rica
Market
Are a fo r m a p ,
s e co nd a ry
p ho t o o r
s c he m a t ic
c o nt a c t info rm a t io n
R o na ld Um a na
Co m m e rc ia l R e a l E s ta te
Co ns ult a nt
E s c a zu ,S a n Jo s e
Co s t a R ic a
www.na ic o s ta ric a .c o m
Ce ll 506-8878-9988
t e l 506-22287760
fa x 506-22287753
The information contained herein has been given to us by the owner of the property or other sources rum a na @na ic o s ta ric a .c o m
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease.

2. P ho t o a re a
Location The property is located
Cala del Sol, Ocotal approximately 25 minutes
west of the Liberia airport
COSTA RICA and 5 kilometers south
of Playa del Coco in Ocotal.
Over 80% of the established lots
have spectacular views
of Ocotal Bay and the Pacific Ocean.
The roads to the property are
paved asphalt all the way
Are a fo r m a p , from the Liberia airport to the
entrance of the property.
s e co nd a ry The total project area is approximately
p ho t o o r 82 acres. There is approximately
55 acres of titled property and 27
s che m a t ic acres of concession property.
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
tel 506-22287760
The information contained herein has been given to us by the owner of the property or other sources fax 506-22287753
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease.
rumana@naicostarica.com

3. Tittle Property
Cala del Sol
Costa Rica
TITLE PROPERTY
We certify all property to be free of
liens or encumbrances of any
kind.
The overall size of the titled
property as surveyed in July
2006 is 22 ha 0506M2.
The project is registered in the
National Registry as 19 different
pieces of property each one
P ho to a re a being in excess of 5,000 square
meters and each one owned by
its own Costa Rican corporation.
This was done for several
reasons. At the time of
registration their size qualified
them as “finca” or agricultural
parcels and eliminated the need
for environmental study. This
also offered some tax
consequence advantages if the
lots were sold individually for a
secured gated luxury
community.
Every one of these lots has been
registered in the National
Registry in separate Costa
Rican Corporation names for
liability and tax consequence
reasons.
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
tel 506-22287760
fax 506-22287753
The information contained herein has been given to us by the owner of the property or other sources rumana@naicostarica.com
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease.

4. Master Plan
Cala del Sol
Costa Rica
MASTER LAYOUT MAP
Although we have a master layout
of the property and have
conceptual ideas of what could
be developed on the property
our actual plan and construction
permit applications have been
limited to the development of Lot
19
If a decision was made to convert
P ho to a re a to a total condominium project
the titled property could easily
accommodate approximately
350 condominiums.
The well with the planned water
holding tanks could sufficiently
supply the needs of this many
condominiums without any
problems. The sewage
treatment was planned with
servicing the needs of the entire
project. And the electrification
requirements will be adequately
met with the transformers that
are already installed.
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
tel 506-22287760
fax 506-22287753
The information contained herein has been given to us by the owner of the property or other sources
rumana@naicostarica.com
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease.

5. Water
Cala del Sol
Costa Rica
Water
WATER
Our underground well water
source comes from a small
parcel of land that we own that
P ho to a re a is remote from the property.
The well produces 4 liters of
water per second which will
adequately supply the needs
for the property. The tubing is
in place from the well to the
large 65,000 gallon water tank
on lot 18 next to the proposed
tennis court site. Additionally
we have plans to construction
two additional 50,000 gallon
tanks next to the Amarabi
building sites on Lot 19. We
also have plans to contruct
another 50,000 gallon tank
next to lot number 9 that will
furnish water to the highest
elevations. The tubing has
already been laid to both of
these areas where the tanks
are to be located.
In September 2004 MINAE
granted to PLAYA GRINGO
G.B.P.I. S.A. a water
exploitation concession.
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
tel 506-22287760
The information contained herein has been given to us by the owner of the property or other sources fax 506-22287753
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease. rumana@naicostarica.com

6. Project For Sale
Price Details
Price: $20.000.000
Terms: Cash
Will Exchange: No
Lots 1 through 12 were originally created for building single
residential dwellings but are not
necessarily limited to this purpose.
Lot 13 (King of the Mountain) has breath taking 360 views and
was designed to allow installation of its
own private security gate to permit
entry solely by the owner/owners of this
P ho to a re a most spectacular lot. The footprint is
extremely large and suitable for a very
large villa and pool. This lot could also
be used for multiple large million dollar
luxury condos or townhouses.
Lot 14 has 2 building pads which provide adequate room for the
construction of 6 to 8 condo’s units.
All of the above lots have superb ocean views as well as valley
views.
Lots 15 and 16 are valley view only and were created with single
residential dwellings in mind.
Lot 17 has 2 separate building pads.
Land Detail The lower one was created for a helicopter landing pad while
Land Area: 82 acres (subject to survey) the upper one was planned for a
Dimensions: Irregular swimming pool and exercise facilities.
Lot 18 includes the secured entrance way, a security guard
Water: 10” city water and well
office, a small sales office, large water
Sanitary: 8” sanitation @ building holding tank and the proposed tennis
Storm: 12” storm @ buildin court area.
Electric: First Energy Lot 19 is the largest of all lots with several building sites and
Interior electric parking area sites which have been
zoned commercial and designated for
condominium construction.
BUILDING PLANS & PERMITS (LOT 19 ONLY)
We have building plans for the construction of three buildings
(57 condo units) The plans have been
approved by the College of Engineers,
INVU and the Municipality of Carrillo.
The permits are in the final stages of
being issued.
The environmental study enabling construction has been
approved by Setena and the deposit
required for this has been paid.
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
The information contained herein has been given to us by the owner of the property or other sources
tel 506-22287760
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All fax 506-22287753
information should be verified prior to purchase or lease.
rumana@naicostarica.com

7. Additional Information
Cala del Sol
Costa Rica
P ho to a re a
ADDITIONAL WATER SOURCE: ELECTRIFICATION
For Sale
To insure that we have a back up The electrical service
source of water on July 19, 2006 leading up to
we have paid a 50% deposit to the property is supplied
A y A for 60 connections to the via power lines above ground.
new water system be brought Once the service starts
into this area. up the concrete road
. they become underground
SEWAGE TREATMENT PLANT and will continue to be
We have the drawings completed underground from this point on
and health department approval . We have electrical service
to build the sewage treatment with transformers installed
plan necessary for. in the area where condominiums
are scheduled to be built
Ronald Umana
Commercial Real Estate
Consultant
Escazu ,San Jose
Costa Rica
www.naicostarica.com
Cell 506-8878-9988
tel 506-22287760
The information contained herein has been given to us by the owner of the property or other sources
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All fax 506-22287753
information should be verified prior to purchase or lease. rumana@naicostarica.com

8. P ho to a re a
CONCESSION PROPERTY
For Sale The entire maritime area adjacent to the
title property as surveyed in July 2006
Prime Location
measured 11 ha 0351M2.
A large portion of this maritime area has
Guanacaste , Costa Rica
been designated as a “forest area”
and all of this lush vegetation must be
preserved as it is today in its natural
state of beauty. Several nature trails
exist throughout the trees. The actual
Ma p p la c e ho ld e r o r a d d it io na l pho to footprint of the concession building
area is somewhat less than described
above because of this “forest area”.
The pristine beach fronting the maritime
area is a light sandy color and
accessible only through the titled
property or by boat and cannot be
reached by walking the shoreline.
The southernmost point of the concession
property contains 6 building areas that
Ronald Umana have been proposed as restaurant
and condo/hotel sites.
Commercial Real Estate The northernmost point of the
Consultant concession property has elevations
Escazu ,San Jose high above the ocean with spectacular
views suitable for single dwelling
Costa Rica residences. There 14 areas that are
www.naicostarica.com suitable as building sites for
Cell 506-8878-9988 villas.
tel 506-22287760
fax 506-22287753
rumana@naicostarica.com
The information contained herein has been given to us by the owner of the property or other sources
we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All
information should be verified prior to purchase or lease.