Fairfield Inn & Suites by Marriott Development

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A UNIQUE EXEMPLAR EB-5 REGIONAL CENTER PROJECT EB-5 Rohnert Park, CA Fairfield Inn & Suites by Marriott Development Disclaimer: The information included herein is for informational purposes only and

1 A UNIQUE EXEMPLAR EB-5 REGIONAL CENTER PROJECT EB-5 Rohnert Park, CA Fairfield Inn & Suites by Marriott Development Disclaimer: The information included herein is for informational purposes only and is not intended, in any way, shape or form, for the purposes of soliciting the sale or purchase of securities. For more information about this opportunity, please refer to the Private Placement Memorandum. PROPERTY MANAGEMENT

Project Overview Project Overview Shivam Property Management will develop and manage a 58,000 +/- SF Marriott Fairfield Inn & Suites offering 100 rooms and suites.

2 Project Overview Project Overview Shivam Property Management will develop and manage a 58,000 +/- SF Marriott Fairfield Inn & Suites offering 100 rooms and suites. The project is located in the Northwestern gateway to Sonoma and Napa Valley, in the central business district of Sonoma County. Walking distance to the new Graton Casino and a 10 minute drive to Downtown Santa Rosa; this location provides easy access to attractions of Sonoma County including Russian River Valley, Alexander Valley and many renowned California breweries and wineries. Investment Offering Project will offer 8 units for $4,000,000 in preferred equity Project will create 114 permanent new jobs from operation of the facility each investor will create 14.3 jobs providing a 43% buffer between the minimum requirement of 10 jobs Investors will be paid via cash flows from operations and through refinancing at investor s exit year All EB-5 Investors will benefit from one of the best EB-5 immigration attorneys in the U.S. and a highly established regional center sponsorship 2

Safe and Stable Capital Structure Furniture, Fixtures & Equipment Soft Costs Land $1,500,000 $1,700,000 $2,200,000 Developer Equity 20.1% $3.

9 MM TOTAL PROJECT COST $14,900,000 Senior Loan Targeted Employment Area (TEA) The California Governor s Office of Business and Economic Development, the state

minimum Capital Investment to $500,000 per investor.

3 Safe and Stable Capital Structure Furniture, Fixtures & Equipment Soft Costs Land $1,500,000 $1,700,000 $2,200,000 Developer Equity 20.1% $3.0 MM Total Project Cost $14.9 MM 26.9% $4 MM EB-5 Preferred Equity Construction Costs $9,500, % $7.9 MM TOTAL PROJECT COST $14,900,000 Senior Loan Targeted Employment Area (TEA) The California Governor s Office of Business and Economic Development, the state of California s economic development agency has confirmed that the Project is located in a contiguous set of census tracts that qualify as a TEA, reducing the minimum Capital Investment to $500,000 per investor. Collateral & Repayment EB-5 Investors will be given Preferred Equity position in the project that is subordinate only to the Senior Loan. The Developer s Equity will ONLY be repaid once the Senior Loan is paid off and EB-5 investors are returned their investment. The EB-5 Exit will be repaid through cash from operations and refinancing. 3

Development Summary LOCATION Rohnert Park, California 45 Minutes from San Francisco Address Zoning Classification Site Area Enclosed Building Area Building Height Building Type Suites 405 Martin

4 Development Summary LOCATION Rohnert Park, California 45 Minutes from San Francisco Address Zoning Classification Site Area Enclosed Building Area Building Height Building Type Suites 405 Martin Avenue, Rohnert Park, CA (GC) General Commercial By-right hotel zoning 1.84 Acres or 80,150 SF Approximately 58,000 SF 5 Floors, 70 Feet Height Wood with Steel Reinforcement 100 Rooms & Suites 4

5 Lobby Rendering Fairfield Inn & Suites Rohnert Park 5

6 6

Investment Highlights LOCATION 405 Martin Avenue, Rohnert Park, CA 94928 The proposed Fairfield

proximity to Santa Rosa Airport with Smart Train access.

7 Investment Highlights LOCATION 405 Martin Avenue, Rohnert Park, CA The proposed Fairfield Inn & Suites would be conveniently located in Sonoma County adjacent to Highway 101, close proximity to Santa Rosa Airport with Smart Train access. Guests have convenient access to world class breweries and wineries. Neighbors include the new Graton Casino, Costco, major restaurants and shopping. 7

Walking distance from our hotel Walking distance to

fullamenity gaming resort with a high-energy casino

poker, along with an abundant array of table games,

8 Walking distance from our hotel Walking distance to casino Graton Resort & Casino is the region s newest, fullamenity gaming resort with a high-energy casino floor featuring an endless variety of slots and video poker, along with an abundant array of table games, including Blackjack, Pai Gow Poker, Baccarat, and a dedicated poker room. 8

9 Sonoma County Airport Minutes from the proposed hotel site is Sonoma County Airport servicing direct flights from Los Angeles, Seattle, Portland, San Diego, San Francisco and Phoenix. 9

10 Smart Train Smart Train services Sonoma with quick access from San Francisco area to bring visitors to explore the area. Proposed Fairfield Inn & Suites Rohnert Park, CA Cloverdale (planned) Healdsburg (planned) Sonoma County Airport Santa Rosa - Guerneville Rd. Santa Rosa - Railroad Square Rohnert Park Cotati Petaluma - North (planned) Petaluma - Downtown Novato - San Marin/Atheron Novato - Hamilton San Rafael - Marin Civic Center San Rafael Downtown Larkspur Ferry (planned) * Only 45 minutes from Rohnert Park to San Rafael 10

11 MAJOR ATTRACTIONS/ DEMAND GENERATORS The following table lists several attractions and demand generators and their respective distance to the Hotel. DEMAND GENERATORS Spreckels Performing Arts Center Sonoma State University Agilent Technologies/Hewlett Packard Luther Burbank Home and Gardens Amy s Kitchen Railroad Square Historic District Santa Rosa Plaza JDS Uniphase Sonoma County Fairgrounds St. Joseph Health System Coddingtown Mall Charles M. Schulz Museum Santa Rosa Junior College Kaiser Permanente Medical Center Sutter Medical Center of Santa Rosa Medtronic/Arterial Vascular Engineer Kendall Jackson Wine Center Sonoma County Airport Infineon Raceway DISTANCE TO HOTEL 2.2 miles 3.5 miles 5.7 miles 6.7 miles 6.9 miles 6.9 miles 7.0 miles 7.3 miles 7.5 miles 7.6 miles 8.1 miles 8.8 miles 8.9 miles 9.2 miles 10.3 miles 10.6 miles 13.0 miles 14.6 miles 24.8 miles 11

12 ABOUT SPONSOR SHIVAM PROPERTY MANAGEMENT Shivam Property Management is a hotel management and development company located in California. Founded in 1998, Shivam Property Management has developed over 14 hotels throughout the United States. Collectively, ownership and senior executives have owned and operated brands from Hilton Worldwide, Marriott International, Starwood Hotels, Intercontinental Hotels Group (IHG), Best Western International and Wyndham Hotels. Awards and Notable Distinctions Four Points by Sheraton in Jacksonville Beach Ranked #1 in Guest Satisfaction in North America Holiday Inn Express Monterey, California Top 5 RevPAR in United States Four Points by Sheraton in Jacksonville Beach Best Renovation Award from Starwood Hotels, 2014 Holiday Inn Express Jacksonville Beach Torch Bearer Award from IHG, 2009, and 2010 Four Points by Sheraton in Jacksonville Beach Best TripAdvisor Growth, 2015 Best Western Oceanfront Jacksonville Beach Director s Award - Top 20% Quality Assurance,

Developer s Projects 1 2 Four Points by Sheraton Jacksonville Beach, FL Best Western Oceanfront Jacksonville Beach, FL Market Influence Over the last 20 years, Shivam Property Management has

13 Developer s Projects 1 2 Four Points by Sheraton Jacksonville Beach, FL Best Western Oceanfront Jacksonville Beach, FL Market Influence Over the last 20 years, Shivam Property Management has developed significant experience managing hotels in high demand markets across the United States. 3 Holiday Inn Express Jacksonville Beach, FL Construction Naran Construction, an experienced and awarded construction company, will ensure a smooth and timely construction process while being strictly on budget. 4 Best Western Beachside Inn South Padre Island, TX 5 Inn at San Luis Obispo San Luis Obispo, CA 6 Holiday Inn Express Monterey, CA 7 Canvas Hotel Hollywood, CA 13

14 Top Tier EB-5 Project Partners Legal EB5 Investment Representative Regional Center Escrow Bank Economist Extensive experience in EB-5 financing and 47 years collectively in immigration practice Voted Top 25 Attorneys in EB-5 by eb5investors. com magazine Founded the first EB-5 regional center in NYC, which has raised over $1 billion dollars from EB-5 in the past 4 years Filed over 400 investor petitions, some with complex sources of investment funds Authenticated by the U.S. State and Chinese consulate for conducting EB-5 business Experienced in global business through China, South Korea, and Vietnam SEC securities broker/ dealer compliance and diversity Proven partner relations and endorsed by highly ranked government officials 70+ Active EB-5 Projects $500+ Million in EB-5 Capital $3+ Billion in Total Project Cost 100% USCIS Approval Rate for I-526 Specializes in providing a full range of financial services to Companies seeking EB-5 and financing through unique platforms Work with many of the largest Regional Centers and have clients who are significant players in the EB-5 space Founder Kim Atteberry, was previously the Chief Economist of United States Citizenship and Immigration Services (USCIS) As the Chief of the Investment & Economic Analysis Division at USCIS, Kim refined the Immigrant Investor Program (EB-5) Her expertise in EB-5 is unsurpassed. 14

15 Contact Information 301 Sea Island Road, Suite 6, St. Simons Island, GA United States of America Telephone: +1 (800) Facsimile: +1 (912) Mr. Curtis Poling CEO/Founder, CN Global Partners Mr. Sean Rhee Head of Partnership in Asia 15

16 EB-5 Job Creation Process The creation of jobs for Sonoma Lodging Investments, LLC results from the investment of EB-5 capital into Rohnert Park Lodging, LLC, the job-creating enterprise. Limited Partnership Formation of special purpose entity to organize EB-5 investors and pool EB-5 capital. The General Partner will manage and control day-to-day operations. Path of Funds The Regional Center, the General Partner, and immigration counsel conducts its internal due diligence regarding the lawful source of funds. Capital will be placed in escrow pending the submission of the I-526 visa petitions. Investment of Capital The Limited Partnership will invest the money into the Company, which will be responsible for the development of the Project. The full EB-5 Capital Raise is placed at risk throughout the investors conditional residency periods in accordance with USCIS requirements. Job Creation Money is spent and revenue is generated in accordance with the details provided herein, the jobs described in this document and the econometrics report. Based on the Economic Analysis, the Project will create sufficient permanent jobs for all investors before the end of their conditional residency periods. Verification The Regional Center will prepare evidence of EB-5 capital expenditures and revenues generated before the end of the 2-year conditional period of residency for use as part of the Form I-829 Removal of Conditions to validate the required job creation. 16

17 Strong Job Creation Economic Study Vermillion Consulting, led by the former Chief Economist at the USCIS, Kim Atteberry, wrote Shivam Property Management s Fairfield Inn & Suites by Marriott, Rohnert Park econometrics jobs study. 114 Job Coverage: The project is slated to open early next year, 43% Cushion 80 and when it does open, the needed job creation for all of our EB-5 investors will have been met. EB-5 Capital as Replacement Capital: As per the USCIS May 30th, 2013 memo [Section IV, C entitled The Creation of Jobs ; pg. 15 & 16], If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital, the new commercial enterprise may still receive credit for the job creation under the regulations. Jobs Required by USCIS Jobs Created by Shivam Property Management 14.3 jobs per investor 42.8 construction jobs per investor 17

18 Letter of Regional Center Designation Target Employment Area (TEA) Designation Letter 18

19 EB-5 Program Overview The fastest, simplest and most reliable way to achieve permanent residency in the United States The EB-5 Investor Visa Program provides an opportunity for qualified immigrant investors and their immediate families (children up to the age of 21) to obtain U.S. green cards and permanent residency through a one-time investment of $500,000 USD into a new U.S. business that creates 10 or more full time American jobs. Administered by the United States Citizenship The U.S. Congress voted in early December and Immigration Services (USCIS), the EB to extend the EB-5 Regional Center Background program approves and designates Regional Centers to attract foreign investment into the U.S. Important Update program through late April 2017 to September 30th, Importantly, however, the USCIS also announced that it would be announcing The EB-5 program has experienced explosive growth starting from a base of $300 million of EB-5 capital in 2009 to over $7 billion in 2015, suggested changes/improvements to the EB-5 program including increases to required investment amounts. primarily due to its long established guidelines and high individual approval rates. This Could Be the Quickest May 2016 Way to Get a Green Card. July 2014 #1 Best Way For Investors To Immigrate To The U.S. 19

20 Key EB-5 Requirements There are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program: EB-5 Investor Responsibility Developer Responsibility 1 Capital Requirement $500,000 upfront investment in a new commercial enterprise 4 New U.S. Jobs Requirement $500,000 upfront investment in a new commercial enterprise 2 3 Background Check This includes proof that the investor (and, if applicable, their spouse and any unmarried children under the age of 21) is not a convicted criminal, has no history of financial fraud and has not previously violated U.S. immigration laws Legally Sourced Investment The investor must clearly document that the funds provided to 5 At Risk Investment The investment must be at risk (i.e. fully invested in the project) throughout the adjudication of the investor s I-829 petition Per U.S. law, the EB-5 investor cannot be offered any guaranteed return, on or of, capital nor possess any redemption rights on invested capital fund the investment and the administration fee come from a lawful source. Acceptable options include: Salary Gifts of money from select family members Profits made from sale of real estate or other assets Loans, properly collateralized SHIVAM PROPERTY MANAGEMENT WILL NOT ACCEPT AN EB-5 INVESTOR THAT DOES NOT MEET ALL OF THE REQUIREMENTS ABOVE 20

21 EB-5 Process & Timeline STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 Application Preparation and Funds Deposit I-526 Petition Immigrant Visa or Adjustment of Status Conditional Permanent Residency Period I-829 Petition Removal of Conditions 30 days months 4-6 months 24 months 15 months Investor signs Investor s U.S. immigration Upon I-526 approval, Investor must visit the Investor s immigration subscription agreement attorney submits I-526 investor s immigration United States within 180 attorney submits I-829 Investor deposits $500,000 and Administration Fee into U.S. escrow account petition to USCIS attorney files for adjustment of status [if investor s already in the U.S.] or files for immigrant visa [if investor s living outside the U.S.] days of approval and must visit the U.S. at least once every 6 months Petition to remove conditions by submitting proof that 10+ jobs were created. Common Reasons for I-829 Denials: Common Reasons for I-526 Denials: Source of Funds Insufficient Job Creation Violation of immigration laws while on Background Check temporary visa I-526 Approval of I-829 Approval of Conditional Green Card Permanent Green Card for for EB-5 industry EB-5 industry ~80% approval rates in ~96% approval rates in FY2016 FY2016 Investor receives conditional Green Card approval in ~12 to 18 months from I-526 petition submission. Upon I-829 approval, conditions of permanent residency are removed. *This timeline is for general informational purposes only. The actual time required to complete the EB-5 immigration process will vary based on the investment selected, each individual s case, and other factors. 21

22 Representative Economics For a Typical EB-5 Investor Total Investment Costs/Fees Timeline Application I-526 Approval I-829 Approval Sub-Totals USCIS I-526 Filing Fee $3,675 I-485 Filing Fee $1,140 I-829 Filing Fee $3,750 $8,565 Immigration 1 Attorney $15,000 $5,000 $5,000 $25,000 Total cost for permanent U.S. residency, after return of investor s $500,000 capital and $50,000 preferred return $33,565 EB-5 Administrator EB-5 Investment 3 Administration Fee 2 $50,000 $50,000 EB-5 Investment $500,000 ($550,000) ($50,000) Step Sub-totals $568,675 $6,140 $541,250 $33, Shivam Property Management works with several experienced EB-5 immigration firms. The fees shown include source of funds analysis and are representative in nature. 2. Administration fee is used to cover upfront expenses including, but not limited to, project underwriting, business plan writers, econometrics jobs report, securities attorney fees, TEA designation and escrow service. 3. Investors receive an annual preferred return of 2.0%. 22

THE EB-5 PROGRAM THE BIG

THE EB-5 PROGRAM THE BIG PICTURE THE EB-5 PROGRAM OVERVIEW The EB-5 program is diverse and ever-changing. Our objective is to help navigate you through the program by providing essential program facts