A Partnership for Development with the United States of AmericaTM "Lighting Up the Future of Latin America and the Caribbean " TM Contents Financial Model & Simulation Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) By Enrique A. Woll B. September 18, 1999 to June 16, 2000 "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One " TM © Enrique A. Woll B. 1992-2014. All Rights Reserved. COPYRIGHT 1992-2014 Enrique A. Woll B. ALL RIGHTS RESERVED. By opening this book you have agreed that all information it contains is the Intellectual Property of Enrique A. Woll B. and to refrain from using any of it in any manner whatsoever and from disclosing it wholly or partially to third parties without his prior written consent unless already sold to you, licensed to you, or already in the public domain.  A Partnership for Development with the United States of America TM "Lighting Up the Future of Latin America and the Caribbean " TM Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Financial Model & Simulation Table of Contents Part I Title Page Table of Contents Chapter 1. Philosophy · Philosophical Foundations ...A series of three articles dated October 12, 1993, March 1, 1997, and June 16, 2000, which present the philosophical origins, essence, benefits, and value of, A Partnership for Development with the United States of AmericaTM, to Latin American and Caribbean Countries, and the United States of America, in the early attainment of hemispheric Sustainable Development, Peace, and ProsperityTM in the 21st century Chapter 2. Scenarios · Investment Scenarios ...A simple device to facilitate the enactment of different investment Scenarios, within a base range of 234,375, by implementing as many allowed value combinations of the 8 main investment variables affecting performance of Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) and A Partnership for Development with the United States of AmericaTM Chapter 3. Subscription · Participation Certificates ...A limited Simulation of Participation Certificates on Special IssueTM Subscription Closing, in the Special IssueTM Shares Subscription process of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter- American · Peru Trust) Investment Pool placement, to fund Select Development ProjectsTM in Peru, identified, proposed, and formulated by Peru Development Consortium, with support from Inter-American · Development Capital Institute (I-ADCI) Chapter 4. Toombstone · Investment Pool Placement ...A full Simulation of a The Wall Street Journal Toombstone, descriptive of A Partnership for Development with the United States of AmericaTM, and subsequent and corresponding to an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Investment Pool placement to fund Select Development ProjectsTM in Peru, identified, proposed, and formulated by Peru Development Consortium, with support from Inter- American · Development Capital Institute (I-ADCI) Chapter 5. Investments · Investment Pool Portfolio ...A full Simulation of Investment Reports pertaining to pool funds investments concurrent with the Special Issue TM Shares Subscription process of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter- American · Peru Trust) Investment Pool placement, to fund Select Development Projects TM in Peru, identified, proposed, and formulated by Peru Development Consortium, with support from Inter-American · Development Capital Institute (I-ADCI) Chapter 6. Performance · Portfolio Performance ...A full Simulation of pool funds Investment Performance Reports pertaining to pool funds investments corresponding to an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Investment Pool, placed to fund Select Development ProjectsTM in Peru, identified, proposed, and formulated by Peru Development Consortium, with support from Inter-American · Development Capital Institute (I-ADCI) "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" © Enrique A. Woll B. 1992-2014. All Rights Reserved.  A Partnership for Development with the United States of America TM "Lighting Up the Future of Latin America and the Caribbean " TM Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Financial Model & Simulation Table of Contents Part II Chapter 7. Redemption · Redemption Certificates ...A limited Simulation of Special IssueTM Shares Redemption Certificates on Special IssueTM Maturity, consequent to Participation Certificates in the Special IssueTM Shares Subscription process of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Investment Pool placement, to fund Select Development ProjectsTM in Peru, identified, proposed, and formulated by Peru Development Consortium, with support from Inter-American · Development Capital Institute (I-ADCI) Chapter 8. Consortium · Consortium Financials ...A full Simulation of a Peru Development Consortium Special IssueTM Cumulative Cash Profit & Loss Statement, indicative of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Investment Pool Shares Special IssueTM Financial Effectiveness to Peru Development Consortium and its Strategic Members, and to Inter-American · Development Capital Institute (I-ADCI), built on Core Intellectual PropertyTM centered on the Inter-American · Country Trust ShareTM, key to A Partnership for Development with the United States of AmericaTM Chapter 9. I-ADCI · I-ADCI Financials ...A full Simulation of an Inter-American · Development Capital Institute (I-ADCI) Special Issue TM Cumulative Cash Profit & Loss Statement, indicative of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter- American · Peru Trust) Investment Pool Shares Special IssueTM Financial Effectiveness to Inter-American · Development Capital Institute (I-ADCI) and its Strategic Partners, built on Core Intellectual PropertyTM centered on the Inter-American · Country Trust ShareTM, key to A Partnership for Development with the United States of AmericaTM Chapter 10. Jobs Creation · Economic Impact - Peru ...A full Simulation of a Peru Development Consortium Special IssueTM Cumulative Jobs Creation & Economic Impact Statement, indicative of an Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter- American · Peru Trust) Investment Pool Shares Special IssueTM Economic Impact on Peru, including on GNP and Employment, built on Core Intellectual PropertyTM centered on the Inter-American · Country Trust ShareTM, key to A Partnership for Development with the United States of AmericaTM Note: Chapters 4, Toombstone, 8, Consortium, 9, I-ADCI, and 10, Jobs Creation, are oversized assembled documents. Philosophy *** "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" © Enrique A. Woll B. 1992-2014. All Rights Reserved.  16 de junio de 2000 Página 1 de 3 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © 2000 Enrique A. Woll B. El Problema Número Uno del Perú En el Perú de esta década hemos vivido la paradójica realidad de mejorías notables en los indicadores macro-económicos, simultáneamente con el deterioro creciente de los ingresos reales per cápita de las mayorías. Esto es particularmente preocupante si esos ingresos y su decrecimiento se comparan con los ingresos per cápita, con crecimiento real, de que gozan sus contrapartes en los países con los cuales tenemos que competir comercialmente en un mundo altamente industrializado y globalizado. Es decir, la brecha de bienestar que nos separa de nuestros socios comerciales del primer mundo, como los E.E.U.U., está creciendo ominosamente a pesar del aparente bienestar, simbolizado por las franquicias de “Fast Food”, que disfrutan los más afortunados en nuestro medio, sobre todo en Lima. Sin embargo este colorido espectáculo no es más que un espejismo del desarrollo que deja con hambre al pueblo. Más grave aún, el vistoso consumismo de élite, que en todos sus géneros es de una insensibilidad social peligrosa, frente a esta realidad, parece haber llevado a ciertos políticos importantes y empresarios influyentes, premiados seguramente por sus esfuerzos y el destino, con el poder, a concluir convenientemente que hemos alcanzado el sistema político, económico, y social, óptimo para nuestro desarrollo integral como nación; que la apertura comercial por sí misma se encargará de resolver nuestros problemas; que sólo tenemos que hacer más de lo mismo para progresar en términos reales; que de esta forma se eliminará la pobreza peruana. Es decir, que el continuismo llenará la olla. Falso. La brecha seguirá creciendo, y tendrá consecuencias funestas si no llegamos pronto al fondo del asunto y corregimos nuestro rumbo. Las mayorías peruanas no pueden ahorrar todavía en montos suficientes para empezar a mellar, ni su pobreza, ni mucho menos esa brecha que cada vez con mayor severidad los separa y los margina del primer mundo, al no gozar de empleo efectivo en la industria --menos aún industria de alto valor agregado-- que les permita remuneraciones promedio crecientes y por encima de los niveles de inflación, por no haber tenido ahorros significativos para invertir durante los últimos 30 años, y por haberse desalentado sistemáticamente a la inversión privada extranjera por razones que todos los peruanos conocemos y que mermaron nuestra estabilidad y desarrollo industrial. No podemos entonces empezar a cubrir, sólo con nuestros ahorros, los enormes requerimientos de capital de riesgo que tenemos que invertir en el Perú para resolver nuestro atraso: es decir, el problema número uno del Perú; el de la lentitud e insuficiencia de la generación de empleo creador de riqueza. Es de suma importancia entonces aumentar la captación, inversión, y retención ordenada pero ágil, de capitales de riesgo privados y de tecnologías provenientes de los países más desarrollados del orbe, si se ha de reducir sustancialmente, y en el más corto plazo posible, el gran desempleo y enorme subempleo que nos aquejan, a la vez subyacentes y consecuentes al problema mismo del ahorro y la inversión, que limitan nuestro desarrollo nacional, y que visiblemente reducen cada vez más la tasa per cápita de nuestro producto bruto real, el indicador más burdo pero incuestionable del bienestar social. Es más, el proceso neoliberal de desarrollo que nos ha embargado se ha tornado cada vez más cuestionado, por ricos y pobres, por su aparente inefectividad en aliviar los apuros de los desposeídos. Inocentemente conceptuado, quizá, supone que a través de la simple apertura comercial y la consecuente globalización, con el apoyo del Banco Mundial, el FMI, y el BID, y otras instituciones multilaterales, surgirá en plazos razonables, el bienestar común. Esto también es falso. Estas instituciones, primordialmente financieras, aunque sientan marcadamente las macro reglas de juego monetario y financiero, como las aplicadas esta década a nuestro país, prestan auxilio poco más que simbólico, generalmente endeudante, y supeditado a recursos tributarios y presupuestos gubernamentales de los mismos países del primer mundo cuyos ahorros requerimos, cuando son esos recursos, en forma de ahorros adicionales, en cambio, los que deben fluir por conveniencia comercial mutua, y libre, entre países. Avenida León Barandiarán 270. Lima 12. Perú. Telefax: (511) 479-0137  16 de junio de 2000 Página 2 de 3 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © 2000 Enrique A. Woll B. La Solución Más allá del establecimiento de la legalidad y la justicia insobornables, de la institucionalidad amplia e irreversible, de la independencia inamalgable de poderes, de la reforma franca y efectiva del estado, y del respeto palpable por la voluntad política de nuestro pueblo, que en otras latitudes se dan por sentado, está clarísimo que necesitamos establecer con urgencia un sistema privado, permanente, y de largo alcance, no sólo capaz de identificar los mejores proyectos de desarrollo industrial que apelen a nuestras ventajas relativas como país, para la generación masiva de empleo creador de riqueza, sino también capaz de empaquetar dichos proyectos para su financiación internacional y nacional. Un sistema creado para la captación en cantidad necesaria de los ahorros de los países del primer mundo para su inversión en el Perú, aumentando nuestra competitividad y asegurando nuestro bienestar y progreso, en vista de los grandes cambios que hemos sufrido y que se anticipan en el hemisferio americano, como resultado de la carrera vertiginosa hacia su integración comercial y económica en el ALCA 2005. Como parece ser evidente, a futuro, estos cambios serían trascendentalmente positivos para América Latina y el Caribe. Pero es importante recalcar que no han venido ni vendrán desprovistos de ajustes penosos para nuestros pueblos, pudiendo marginar todavía por entero, quizá, a algunos. Cabría entonces aliviar la penuria del disloque adicional que los referidos ajustes conllevarán en los próximos años, incluyéndose también a nuestros demás países en tal sistema, cuya dirección y control, en todo momento, y en todos sus aspectos y niveles, así como los capitales de inversión que captaría, tendrían sus orígenes y aplicaciones dentro de los sectores privados de los países participantes, y que obraría a través de entidades privadas, con el apoyo especializado de organismos públicos, hoy en día fundamental, para fomentar activamente la presencia y capitalización accionaria de la empresa privada, y elevar la capacidad de producción y consumo de nuestros pueblos, sin aumentar su endeudamiento. Para estos efectos, dichas entidades captarían concertadamente a través del sistema, en los países del OCDE y los nuestros, grandes capitales de riesgo privados para su inversión en los grandes proyectos de desarrollo industrial de mejor retorno y riesgo, que gocen de las ventajas relativas señaladas, llevados conjuntamente por las empresas privadas multinacionales más calificadas y sus contrapartes de América Latina y el Caribe, y de otras empresas interesadas en nuestra región, prolongando, indefinidamente, sobre bases reales, el impulso económico del programa regional de privatizaciones que se dejó sentir en años recientes. De otro lado, es cada vez más importante y evidente la participación que la clase financiera de productos y servicios tiene, en combinación con otras tecnologías, como el software, las telecomunicaciones, y el Internet, en la continua mejoría del caudal, prontitud, y legitimidad del flujo transnacional de capitales, y de la efectividad y estabilidad de la aplicación de los ahorros que éstos representan. Es más, este flujo mejorado de capitales transnacionales está posibilitando y coadyuvando el mutuo desarrollo de los países a través de la inversión parcial de los ahorros de los más desarrollados en los menos, y necesariamente pero en menor medida, a la inversa, de acuerdo a las ventajas relativas de cada cual, para la creación general de empleo efectivo, y el incremento consiguiente de la producción y del intercambio comercial equilibrado entre ambos grupos. Por tanto ese sistema contaría necesariamente con apoyo y participación multilateral ampliada y reconfigurada, convocando la participación central de instituciones financieras privadas de primer nivel, de la banca de inversión, banca comercial, y de seguros, así como de las de apoyo legal, contable, consultoría administrativa, y otras, de los E.E.U.U., superpotencia única y socio natural de los países americanos, y de sus contrapartes de América Latina y el Caribe, conllevando la entrega y aplicación mancomunada de los servicios y tecnologías requeridas por sus fines, incluyendo a nuevos instrumentos financieros y de seguros, y productos afines, especialmente estructurados, con la debida protección y respeto a la propiedad intelectual, de acorde con nuestros tiempos, cuya importancia ya no se puede exagerar. Avenida León Barandiarán 270. Lima 12. Perú. Telefax: (511) 479-0137  16 de junio de 2000 Página 3 de 3 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © 2000 Enrique A. Woll B. No habrá solución oportuna y conveniente para nosotros sin un plan de desarrollo que incorpore a tal sistema, que sería a todas luces cuando menos un complemento crítico al proceso. Por ello la Sociedad para el Desarrollo con los Estados Unidos de AméricaTM (“A Partnership for Development with the United States of AméricaTM”), según artículos del 12 de octubre de 1993 y del 1 de marzo de 1997, que señalan el apremio del pobre en el hemisferio americano ante el disloque que su integración comercial acelerada desataría, pintan, desde una perspectiva histórica, la visión geo-política-económica que inspira este ambicioso pero factible sistema para la generación masiva de empleo creador de riqueza y desarrollo nacional sostenido, que tanta falta nos hace en el Perú y en muchos otros pueblos de América Latina y el Caribe, y contienen el germen del sistema, cuyos conceptos han adquirido aún mayor validez de cara a la grave crisis que nos afecta, y que sería ventajoso implantar en nuestra patria por iniciativa y voluntad política propia. *** Avenida León Barandiarán 270. Lima 12. Perú. Telefax: (511) 479-0137  October 12, 1993 Page 1 of 2 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1993 As Mr. David Rockefeller wisely admonishes in his excellent article "A Hemisphere in the Balance" in The Wall Street Journal of October 1, with the basic groundwork already in place--after 500 years--to build a true "new world" through the creation by the year 2000 of an American hemisphere-wide free-trade system, within a democratic context, it would be no less than a crime if NAFTA, a key turning point in its accomplishment, were frustrated or delayed in Congress. As honorary chairman of The Americas Society and the Council of the Americas, and as a man who has shown a life-long active interest in the well-being and prosperity of all of the People of the Americas, which includes of course the people of Canada, Latin America, and the Caribbean, as well as the people of the United States, he has a clear vision of the potential for growth which would be unleashed by such a colossal creation. A free trading area stretching from Canada´s Hudson Bay to Tierra del Fuego at the tip of South America: a true and significant empowerment of the American Hemisphere, a community of nations with a predominantly young population of more than 700 million people that already generates a combined gross national product of more than U.S.$7 trillion. On the verge of such momentous and promising change however, which will no doubt come to pass sooner than later, it is an obvious imperative to also note, on the one hand, the marked developmental disparities amongst Latin American and Caribbean countries, and on the other hand, the abysmal developmental difference between these countries (excepting perhaps Mexico and Brazil), and the U.S. and Canada. With such an imbalanced inter-American economic scenario, and in the light of their own harsh national realities, how are the critically-disadvantaged masses of the most underdeveloped countries in the American hemisphere going to fare in their shoeless climb to paradise? Who, then, is able to help them? Who is willing to help them? How can they be helped? But a few seconds pondering such questions should suffice to make responsible officials in the OAS and elsewhere, and most thinking persons on the planet, keenly aware of the absolute necessity of expediting massive private risk-capital flows from developed countries into the less developed nations in the American hemisphere, well in advance of the final toppling of inter-American trade barriers. Indeed, one quickly and unequivocally realizes that for these vulnerable nations, fueling their private sectors, the economic engines that drive efficient job-creation, is the only pragmatic way to minimize the human suffering which the coming tremendous dislocation of their workers, forced to compete at even greater disadvantage, will inevitably bring. To be sure, a mercy ride for the financially handicapped on the steep road to economic salvation; and in the dusty fall of communism´s gilded leaden angel, the only visible ride. But an indispensable one, and not of necessity, a free one. In fact, they are not economically disabled and should not be forsaken, lest they become so, permanently, and a needless burden to themselves and the world. After all, the most developed nations of the American hemisphere, and the world, are expectantly banking on cheap labor and vast untapped consumption potential, to spur mankind into a great surge of general economic activity and prosperity lasting well into the next century. Truly, the poorest of Latin American countries include some of the hardest-striving and most deserving people on earth, whose daily torment will now be greatly increased by a step-up of the media´s penetrating non-stop free-market-hawking of more goods, services, and lifestyles, typical of developed countries, currently afforded, and as is human, flaunted, only by their upper-middle-class compatriots; a minuscule but highly-visible stratum. The world cannot afford to simply stand by, watching, while hemispheric free trade slowly resolves their atavistic poverty through an upward harmonization of their standards of living with those of the rich. Relative economic idleness by the extremely disadvantaged would carry an opportunity cost which is by far too great to bear. Worse, it would be borne to an unfairly disproportionate and intolerable degree by those who cannot and will not afford it: the dislocated poor without savings or welfare systems to support them, during the long transition to a system whose success ultimately and ironically depends on their political support. P.O. Box 373. Lake Oswego, OR. 97034. Phone-Fax: (503) 636-4656  October 12, 1993 Page 2 of 2 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1993 Moreover, through the formation of Sendero Luminoso and Movimiento Revolucionario Tupac Amaru, and their gruesome and destructive activities in Peru, recent history has again shown us the horrific effects which the sudden perception by the innocent, of their prolonged extreme poverty and suffering, will have in an emerging free-market economy; effects which by their very nature serve only to exacerbate their causes. In truth, without substantial and timely external aid for development during this painful transition period and beyond, many a fragile democracy may literally be threatened by hungry hordes descending on the capital, or by new Tarata Street incidents, affecting mainly the very same Andean countries whose populations stand the most to gain, and to give, if the desired inter-American system were successfully implemented. Clearly, regional and inter-American prosperity and security, and eventual political integration, will not be served by ignoring this lesson and risking an escalation of such effects. What underdeveloped Latin American countries need then, at this time in which a new world order is emerging, and what the world expects from its only remaining superpower, is no less than A Partnership for Development with the United States of America that would work to the advantage of all of the People of the Americas. Prominent institutions and individuals who share our view of the urgent Latin American need, and opportunity, would be convened to establish Development Consortiums in appropriately prioritized Target Country capitals in Latin America, selected from amongst the most underdeveloped nations. These Development Consortiums would provide a means of structuring and coordinating symbiotic efforts between private, public, and multilateral institutions in the inter-American community, including the U.S. Treasury, to effectively channel private-resource outflows from OECD-Source Countries seeking acceptable risk-capital investments with the highest total rates of return, for their focused application to balanced economic, social, and environmental development. To ensure their acceptance and success, Development Consortiums should be convened and sponsored by a prestigious inter-American multilateral organization, and would operate under the leadership of recognized players in the U.S. Securities and insurance industry in partnership with local financial institutions, in order to underwrite massive local IPOs and new issues through the worldwide sale of a new and suitable ad hoc financial instrument of universal appeal, aimed primarily at OECD and local institutional investors. If successful, all participants, and indeed the entire American hemisphere would stand to benefit. Hark! O good and mighty People of the Americas, prepare anew to hear your liberty bells toll! *** P.O. Box 373. Lake Oswego, OR. 97034. Phone-Fax: (503) 636-4656  March 1, 1997 Page 1 of 9 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 Clearly, American hemisphere Less Developed Countries (LDCs), and especially the Andean and Caribbean LDCs, require explicit attention as we enter the 21st century: As a class, they are visibly and steadily falling behind their wealthy OECD-country trading partners, and very noticeably so in comparison with the U.S.A, their neighbor and friend, even as they dramatically quicken their pace of economic development, with recent cases of two digit GNP growth rates. As is widely known, all countries need to incorporate new funds to fuel economic development. These new funds, in mature economies, come mostly from growth of internal savings. Less obvious is the fact that LDC countries cannot keep pace with development in countries pertaining to the OECD, the control group "de rigueur," without first achieving monotonic growth in locally-invested-savings per capita. This, in turn, cannot be achieved by the LDCs by simply tapping their own internal savings growth; foreign countries' savings growth in significant amounts must be tapped as well, and retained. In order to tap and retain local or foreign savings growth in LDCs, a concept of development as a holistic process must be espoused by them, which would include economic development, the cornerstone of all forms of development, as well as intangible but vital cultural elements such as social, political, and environmental development that provide it with synergistic feedback and stability. This would be called true development or for simplicity, Development; the antithesis of the regional stagnation and backsliding evidenced by overindebtedness and the "flight of capitals," which has beleaguered Latin America and the Caribbean throughout most of the 20th century, "the lost century." The last thing our American LDCs need, is further growth of public or private indebtedness, of domestic or foreign origins, as an engine to fuel Development; it simply does not work. Especially in the case of public debt or debt guarantees, where it often leads to economic and political instability through gargantuan waste, malfeasance, corruption, and massive losses. A near reminder is México some ten years ago, and more recently and visibly in January and December 1994, and June 1996. Another visible case is Perú in the 1980s, early 1990s, and despite heroic efforts and progress, at this very moment. And yet another case is Venezuela today. But examples abound. Ask Citibank. On the other hand, as we enter the 21st century, the U.S.A, as is the case with OECD countries in general, will increasingly be dependent on its ability to develop, improve, and market new technologies, and products and services that incorporate them, if it is to remain competitive in a world of increasingly unrestricted trade. It has an overwhelming advantage over LDCs in this arena, particularly those in the Americas, because of a relatively massive accumulation of resources both in the nature of capital and skilled labor. But, in order to maintain this advantage, the U.S.A will have to increasingly invest in R&D, the ultimate service industry, while simultaneously using its very considerable political influence, including at WIPO, WTO, and other world forums, to increase worldwide intellectual property protection for its technologies. Especially important will be effective protection for certain symbiotic Development tools, which are vitally synergistic with the process, such as sophisticated software products and financial derivatives and other financial instrument designs key to financial services, which have little and no protection, respectively, despite requiring massive R&D expenditures, and exhibiting specificity of design, function, purpose, and benefit, and other attributes comparable to those of, say, micro chips, or of chemical processes. Why? Because the system of intellectual property rights, though perhaps greatly improved in its enforcement effectiveness, is still basically the one used in the 19th century to protect rights to farm implement designs and processes such as those of harvesters or threshers, and graphic designs such as picture postcards, and even cartoons. If the incentive to continue the required massive R&D investment in the emerging body of intangible but 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997  Page 2 of 9 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 crucial intellectual property is to be preserved, as it must, the U.S.A will need to help define such property, recognize certain rights and disallowances to the use of such property, and apply some of these very same process-driven technologies to the business of enforcing the resulting intellectual property rights legislation, in an international context, instead of allowing such property to be dismissed as unprotectable "ways of doing business" or "mathematical algorithms," etc., as is currently done. Of equally critical importance will be the U.S.A.'s ability to continue to secure ever larger markets for technology-driven products and services; its current domestic and international markets, and outlook, no longer suffice. Thus, it must find new, near, and growing trading partners, and participate proactively in their Development. In view of the foregoing, those in positions of influence and leadership in the U.S.A must aggressively focus on the American LDCs and the U.S.A’s evident self-interest, in the context of mutually sustained Development. Indeed, in this vein, NAFTA is a progressive and clearly beneficial trade treaty between American neighbors. Nevertheless, we have seen but a glimpse of what is to come: As the North American Free Trade Zone expands and merges with other American hemisphere trade blocs, and NAFTA evolves into an IAFTA, or Inter-American Free Trade Agreement, the initially adverse effects it has had on México and its people may be nefarious on the weaker economies of the American LDCs and their people. After all, these countries also are devoid of the U.S.A.'s social safety net of unemployment insurance, Medicaid, food stamps, and welfare. The immediately painful consequences may include parallels to Mexican subcomandante Marcos' EZLN and the EPR, its armed cousin which surfaced in Guerrero in June 1996, or their more violent Peruvian counterparts, MRTA, currently basking in the blinding limelight of political insanity, and with which it is reported the EPR has ties, and Sendero Luminoso. In the mid-term, further strengthening of the many deadly and sinister transborder narco-terrorist links, could be expected. More gradual and insidious consequences may include a revitalization of Fidel's regime, however unlikely that may seem at this time of improved coordination between the U.S.A and the EU, or another event like the recently-failed Russian communists' parliamentary and electoral attempts at reversing the clock. All of these costly distractions from Development are symptomatic of the same political disease: Desperately rapid and financially unsupported fundamental social change, or desperate attempts at having non at all, which is economically unfeasible. This inadequate handling of social change is consequential to illusory enthusiasm for the more visible aspect of Development, i.e. economic development, on the part of well-meaning leaders naively focusing on the most obvious tool at their disposal, international trade, for either its immediate liberation from all restrictions heretofore acting to contain it, or its virtual suffocation. In the extreme, the physical parallel to rapid trade liberation, the currently popular neoliberal strategy for economic development, and Development, is the recent tragic lighting of fireworks inside a fireworks store in Ohio: Unintentional terror, but terror nevertheless. The world has witnessed the tragic consequences of this foolishly unthinking act; the weaker, the less strategically positioned, the most vulnerable, paid directly for it. Many with their lives. So can it be with LDC nations and trade. Indeed, the rapid liberation of trade exerts a self-reinforcing force visible in the national legislative and executive wills of LDCs in the American hemisphere. It will not abate; big business and government have allied to foster it, as it is, in the long run, a fundamentally sound direction for these countries to evolve in, despite the grave side effects it can be expected to bear in the near and mid terms for the weaker LDCs. Examples of this national will abound, with ALADI, the Río Group, MERCOSUR, the Andean Common Market, the Group of Three, CARICOM, ACS, the Central American Common Market, and others, which support the rapid convergence with NAFTA, and will bring about IAFTA and the Free Trade Area of the Americas by the year 2005. So a way must be found to both 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997  Page 3 of 9 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 ameliorate growth pains and encourage Development. As with the post-WWII Marshall Plan in Europe, and the aid given Japan, proactivity in channeling OECD investment flows into LDCs in the American hemisphere would provide a much needed element for Development, absent in the rather passive and slow paced investments typical of growth through mere trade expansion: Aggressively focused attention to the intangible elements requisite to holistic or true development, by OECD investors risking their savings, hungry for higher returns than those available in their mature economies. Again, as with the Marshall Plan in Europe, and Japan, the hidden reward, and rather a significant treasure for the U.S.A, would be strong, sustained, and growing markets for itself, not just across the Atlantic or Pacific but in its back yard, leading to full employment, a reversal of the disturbing, confusing, and inefficient self-employment mirage, strengthening of the U.S. corporate entity, more job satisfaction for workers, and new opportunities for executives in the "million lost men" and such. The U.S.A. would be able to focus more fully on its relative advantage of effective R&D, for technology development vital to its remaining competitive in the 21st century. The relative lack of a well-trained work force in Latin America and the Caribbean, as compared to post- WWII Europe, in the Marshall Plan context, and Japan, would be greatly compensated for by two important factors. Today's new world legal framework, stronger democracies, and greater acceptance of universal human rights, and by superior technologies in communications, education, transportation, finance, engineering, and management, supported by two new, very powerful, and truly revolutionary technologies, operations research and computer science. An even more important compensatory factor waiting to fuel Development in the American hemisphere, is the collective will for self-betterment of its 300 million person Latin American and Caribbean work force, which is generally sympathetic to immigrants, and is eager for an opportunity to apply its considerable talents and energies to fill its own needs. Clearly, the U.S.A.'s self-interest would not be served, if it disallowed this opportunity by not leading. Who would its industrial, commercial, professional, civic, and government leaders expect should lead us into Development now and in the 21st century? The EU? Japan? Russia? If not the U.S.A, who would, and why? Then why not the U.S.A? Indeed, why not? Because of the crucial factor of credibility... the greatest challenge facing the LDCs of Latin America and the Caribbean, is their relative lack of it. Only now are their developed peers in the northern hemisphere beginning to take them seriously, as peoples with equal rights and potential. This malady is not exclusive to us; it typifies the experience of almost all southern- hemisphere and Asian nations, since long before the Industrial Revolution, with the most notable exceptions of Australia, New Zealand, South Africa, and Japan. This attitude has its roots in the Crusades and the empire-building wars of the 15th through 19th centuries, the Boer War, and other conflicts spilling into the 20th century, between the English, Spanish, Portuguese, French, and Dutch, all struggling to conquer, dominate, and exploit the African, Indian, Asian, and American natives and their wealthy territories. In these epic struggles, there was little serious regard for the natives of the "new" continents as human beings with rights, or even as human in many cases. With the exception of the Spanish and Portuguese Roman Catholic conquerors, often influenced by the Church in the conduct of conquest and government, which fostered domination through catechization and education, all other conquerors of the Americas favored mostly repression and violence. The reasons for these proclivities appear plain; in practice, and on site, conquests were not generally directed or carried out by pious, educated, philanthropists desirous of bettering their neighbors. Rather, they were planned and effected more often than not by ambitious, ruthless, ignorant men motivated by greed, tempered only by rudiments of chivalry left over from the Middle Ages and by fear of displeasing 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997 Page 4 of 9  "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 their monarchs, or their priests, within a context of almost absolute operative independence, lawlessness, and power. They were mainly accountable for results, which generally justified the means, and the results that mattered were an accumulation of raw material sources, precious metals, and cheap labor, through constant acquisition and subjugation of new territories and peoples to their English or European monarchs. The lopsided vision of such limited men, further biased by monotheistic religions, aggravated by the intolerance of the Inquisition, rendered the native people of the southern hemisphere in general, and of the southern Americas in particular, as savages with little personal worth, except perhaps as curious proofs of conquest, in the eyes of their foreign monarchs and masters, or exceptionally, as souls to be saved, by their priests. Even the Creoles were not considered equals by their English and European compatriots, never mind the "Mestizos" or the "Indians" (today, even after the human rights achievements exemplified by the American Revolution, the Constitution of the United States, the French Revolution, the League of Nations, the Organization of American States, the United Nations, the Declaration of Human Rights, and others, witness the Microsoft International Spanish Dictionary). Against this backdrop, Latin America and Caribbean Development was slowed by the cultural tourniquet resulting from the 19th and 20th century emancipation of southern-hemisphere territories, from the Spanish, Portuguese, Dutch, French and British empires. Moreover, isolated by relatively larger geographical distances from Europe and the British Isles, and aggravated by the adverse impact of W.W.I and W.W.II, Latin America and the Caribbean have not attracted a sufficient share of learned resourceful immigrants or investment, to even remotely approach the Development attained by the U.S.A or Canada. The gradual industrial, commercial, and political dominance of the Anglos over their European neighbors, led in the 19th century by the English and in the 20th century by the U.S.A, has exacerbated the relative difference in Development between the English speaking, and the Spanish and Portuguese speaking peoples of the Americas. But reality is changing fast in Latin America and the Caribbean. Indeed, their LDCs are already pole- vaulting over some of the Development stages most susceptible to improvement through application of superior communication, education, transportation, financial, engineering, and management technologies empowered by truly revolutionary information systems. Thus, the groundwork for the massive foreign private risk-capital investment flows required for Development has largely been laid: Strengthening of democracy, legal reform, taming of inflation, new and sophisticated banking and financial systems and institutions, a huge, eager, and intelligent work force, and a new educated bilingual management class. And even though the region's LDCs continue to fall behind their OECD trading partners in Development, their credibility is rising at last. A look at the last three or four years' issues of Latin Finance will reveal vertiginous progress in financial sophistication of the region's financial institutions. Mutual funds and derivatives are widely used, and the harbinger of accelerated real estate development, securitization, loosely defined as the packaging of loans into securities, is on the horizon. The region is ready for more effective investment vehicles in raising foreign investment than common stock, ADRs, and mutual funds. And clearly, by itself, even the complete and total unharnessing and liberation of trade will not be enough to level the field before, on, or after the year 2005. Then why not start focusing on the big picture now? After all, in our hemisphere, in the area of Development, there is a growing strategic leadership vacuum as perceived even by the man on the street. And he is not alone. Why else a subcomandante Marcos and his "Encuentro Intercontinental por la Humanidad y Contra el Neoliberalismo," or Intercontinental Encounter for Humanity and Against Neoliberalism, held in August 1996? Indeed, other, more conventional and illustrious leaders have also initiated attempts to fill that vacuum. According to Miami's "El Nuevo Herald," early in September that year, Dr. Julio María Sanguinetti, president of Uruguay, hosted in Montevideo a private 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997 Page 5 of 9  "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 forum "Los Nuevos Caminos de América Latina," or The New Roads of Latin America, to which distinguished European and American members of government, politicians, economists, and thinkers were invited, as private individuals. The purpose of the forum? For these accomplished individuals to reflect on the roads that can lead to "desarrollo pleno," Development, in Latin America, convinced as they are, that the models applied till now do not work. According to the Uruguayan president, "socialist orthodoxy and neoliberal orthodoxy are both in retreat. Reality has overcome them." Among his invitees to the forum, which was sponsored by the UN's economic development agency, were the Uruguayan Enrique Iglesias, president of the IDB, and Michael Camdessus, executive director of the IMF. Also invited were leading sociologist Alain Touraine, of France, who provided a starting point for discussions with his Six Hypothesis about Latin America, and his Brazilian and Argentinian counterparts, including Luciano Martins, Brazilian president Henrique Cardoso's chief advisor. The president of Cataluña, Jordi Pujol, and Spain's ex president Felipe Gonzalez, as well as Colombia's ex president Belisario Betancur and Chile's Ricardo Lagos, minister of public works, were also invited. In addition, the EU's vice president, Manuel Marin, Fernando Zumbado, Latin America regional director of the UN's economic development agency, and German Rama, head of Uruguay's education agency, were invited to attend. The Uruguayan president declared at the outset, that all participants in the forum were clear that their task was not to create a catalog of past errors. He explained, however, that what was not as clear, was the travel guide for the new times that are approaching. To him, government heads are "pretty desolate characters," as they lack a theory to apply. He stated that "There is nothing more practical than a good theory. Society cannot live without theory and nowadays we do not have one." The forum was conducted behind closed doors, to ensure the freedom required for creativity in the formulation of an effective Development strategy for Latin America. It goes without saying that, for it to be realistic, a prime role would have to be played by the U.S.A. in any such strategy; its historical and future significance in the context of hemispheric Development simply cannot be overlooked. Thus, it behooves the private sector and government of the U.S.A. to lead the way to Development in the Americas in the 21st century, by devising, proposing, and implementing a private method, means, or plan, privately administered, to proactively tap and harness massive foreign private risk-capital flows originating in OECD countries for investment in the Americas, under the U.S.A.'s leadership with multilateral support. "A Partnership for Development with the United States of America TM,” with its "Capitals Capture Plan [CCP] TM,” may provide an acceptable paradigm. The CCPTM would benefit not only the LDCs in the American hemisphere, but the U.S.A. and its OECD fellows as well. Because of the relative geographic, cultural, commercial, and political proximity between the U.S.A. and the American LDCs, the U.S.A. would stand more to gain from the CCPTM than other OECD countries; a just reward for true leadership. But all participants would gain from the implementation of the CCPTM's proposed privately managed, loosely but soundly structured investment banking scheme, to tap and retain massive private risk capitals seeking the highest total returns of acceptable risk in Latin America and the Caribbean. In essence, the CCPTM would have the newly-founded I-ADCI or Inter-American Development Capital Institute as its for-profit central entity in Miami, the "Business Capital of the Americas," which in turn would have franchise-like relationships to the CCPTM's non-profit Development Consortiums in LDCs in the American hemisphere (Target Countries). Each of these Development Consortiums would make issues of a specially designed proprietary investment vehicle, the "Inter-American Assured Capital Growth Share CertificateTM," for sale in local and 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997 Page 6 of 9  "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 OECD country exchanges (Source Countries). To fund the I-ADCI, seed money could be sought and/or provided by the "Florida Partnership of the Americas," recently created in order to ensure a star role for Florida in the expansion of trade and investment in the Americas, together with Enterprise Florida, Incorporated, a new public/private partnership created in lieu of Florida's dissolved Department of Commerce. A prime international U.S. broker dealer/investment banker would then be selected to head the I-ADCI as the main strategic partner, after which the U.S.AID should provide the startup capital. The U.S. broker dealer/investment banker would provide post-startup capital, and other key types of prominent private international U.S. financial and service institutions, including a law firm, an accounting firm, and a business consulting firm, would participate as partners, and provide additional capital. The IDB and the IIC should participate as associate partners, to provide technical and oversight advice, and multilateral political support through the OAS. In the same vein, the World Bank and the IFC should participate as associate partners, as should the IMF, vis- à-vis the UN and the larger OECD community. I-ADCI partners would also participate as members in Development Consortiums in each Target Country, together with their local counterparts, providing startup and post-startup capital, investment banking services, and related, in consideration of commission fees, as would be the case with services to the I-ADCI by partners. All required external services common to all Development Consortiums would be rendered by the I-ADCI, which would own all intellectual property, including investment vehicle designs, trademarks, etc., and would serve as an idea exchange and clearinghouse, and policy coordinator, for Development Consortiums. The U.S. broker dealer/investment banker would underwrite and sell Development Consortium investment vehicle issues in each respective Target Country, in syndicate with its local Development Consortium-member counterpart, and in appropriate U.S. exchanges and all main OECD exchanges external to the Americas. Partners in the I-ADCI, and Development Consortium members, would maintain the capitalization of each institution at appropriate levels. Because of the above, the SEC's regulatory arm would provide real and perceived safety to all investors purchasing Development Consortium investment vehicle issues, making available the massive funding required for select strategic investment projects catering to regional relative advantages in Latin America and the Caribbean, through equity investments by Development Consortiums in the whole or partial underwriting of local blue-chip new issues and joint-venture initial public offerings in their respective Target Countries. The newly-formed Miami-based U.S. office of Programa Bolivar, a match-making service for Latin American, Caribbean, and U.S. corporations backed by the IDB and the World Bank, could participate by assisting the I-ADCI in finding appropriate local members and facilities for each CCPTM Development Consortium. In this manner, by encouraging investment, technology transfer, and qualified immigration from OECD countries, the CCPTM would proactively grow LDC markets in the Americas, for future massive consumption of the U.S.A.'s superior technology-driven products and services. To achieve this, the CCPTM would provide the requisite capitals to create new employment, production, and consumption capacity within the LDCs in our hemisphere, while returning handsome dividends to U.S. and other OECD corporations choosing to operate in these countries, as well as to participating local and OECD institutional and individual private investors. Development Consortium investment vehicles would be massively purchased by private and public, local and foreign, pension funds the world over, because of safety, liquidity, income, and growth potential inherent in their proprietary design and application, which by itself could have a greater beneficial impact on the region than the combined effect of the Brady bond and the massive privatization programs completed, and currently under way. 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 March 1, 1997 Page 7 of 9  "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 Starting in October 30, 1992, the CCPTM has been discussed confidentially with several important players in the financial world, and has been proposed to many high-level government officials in the U.S.A. and in Latin America and the Caribbean, and to world religious leaders. Some have taken a "more than passive" interest in the CCPTM. Among the first, in 1992, were the "Bolsa de Valores de Lima" (Lima Stock Exchange), whose president and manager of development projects were very enthusiastic about the project's potential, and endorsed it in a letter intended for use with the Pacific Stock Exchange in San Francisco. Prudential Securities, which had recently successfully raised some U.S.$20MM using a vehicle similar to the CCPTM's in California, promptly submitted the CCPTM for consideration as a joint-venture project to its Investments Committee. In mid 1993, confidential talks regarding the CCPTM as a joint-venture project were held in Lima with the Merhav Group of Companies of Israel, which includes Metropolitan Investment Corporation (MIC) active in Latin America, and whose president expressed great enthusiasm for the CCPTM's investment vehicle and its potential to attract investment to the region. Later that year The Principal Financial Group exchanged correspondence on general aspects of the CCPTM, as "A Partnership for Development with the United States of AmericaTM,” for consideration as a joint-venture project, at the highest levels, all the way down to the president of Principal International and his vice president for Latin America. In 1995, Mexican president Ernesto Zedillo Ponce de León, through his office, shared that the CCPTM, as "A Partnership for Development with the United States of America TM,” was under consideration, and in February 1996 had SECOFI, the Mexican administration's commerce and finance ministry, telephone on the eve of several significant international trade meetings, which included "ALCA 2005" in Colombia, in connection with the establishment of the "Free Trade Area of the Americas" by the year 2005. Yet other positive replies received in 1996 to the CCPTM in that vein, are those of the president of Costa Rica, José María Figueres, whose office replied in apparent approval, and of then minister of economy and public works of Argentina, Domingo Cavallo, a recognized Latin American authority in public finance, whose office indicated the matter was being considered. In October, after considering the CCPTM, as described here, Lawton Chiles, Governor of Florida, replied and suggested contacting the president of Enterprise Florida, Incorporated, considered a revolutionary step to further privatize the business of doing business in the state. Also, Dr. Julio María Sanguinetti, president of Uruguay, replied through his office that he considered the proposal's ideas for Latin American Development in partnership with the United States of America to be of great interest, and intellectual import. Also, in October 1996, Mexican president Ernesto Zedillo Ponce de León's office again confirmed his interest in the CCPTM as described here, by courteously expressing his appreciation at being apprised of the same, as did the president of the University of Miami, and the director of the UM's North-South Center, a leading U.S. think tank concerned with Development in the Americas, who indicated a willingness to consider future UM cooperation. Similarly, the publisher and chairman of The Miami Herald replied, indicating that he would share these thoughts with his international business staff, as well as the Herald editor and the El Nuevo Herald publisher. In November 1996, responding to the CCPTM proposal, as described here, Treasury Department secretary Robert E. Rubin indicated through the director of the Office of Multilateral Development Banks that these ideas are greatly appreciated and would be considered as they formulate future policies. Likewise, the president of Florida International University, responding through his vice provost, indicated that FIU is actively involved in promoting democracy in Latin America and the Caribbean, and that through its Latin American and Caribbean Center's Summit of the Americas Center, FIU is currently monitoring the movement toward hemispheric economic integration, and 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878  March 1, 1997 Page 8 of 9 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 offered additional information on their pertinent programs. George Soros, renowned philanthropist, and chairman of Soros Fund Management, the Emma Lazarus Fund, and the Open Society Institute, through his office at the latter, expressed his appreciation for being apprised of the CCPTM proposal, as described here, and his best wishes for success. Early this year, Henrique de Campos Meirelles newly-appointed president and chief operating officer of the Bank of Boston, courteously acknowledged and declined through his office an invitation to participate on the board, on account of his busy schedule. At various times since the original meeting at the Lima Stock Exchange four years ago, other notable individuals such as Pope John Paul II and David Rockefeller, have acknowledged the good sense of the CCPTM by courteously expressing their good wishes through their offices. Others have kindly acknowledged correspondence on the topic, such as president Bill Clinton, the Editor of The Wall Street Journal, and why not say it, Carlos Salinas de Gortari while president of México. What does it all mean? That, in principle, the CCPTM makes sense; at least to the extent that existing differences in Development are serious and growing problems in the American hemisphere, which present concomitant opportunities, and that both ends of this issue could and should be addressed by the U.S.A. As the NAFTA expands and merges with other regional trade agreements in the Americas, and quickly evolves into an IAFTA, or Inter-American Free Trade Agreement by 2005, the removal of the many rough edges this process will bear on the poorest, will become essential to the preservation of the very hemispheric political stability on which it feeds. This would best be done by promoting the direct holistic development of our less developed countries, from Miami, which is at the focal point of regional economic development for Latin America and the Caribbean, and is destined to play a major role in sustaining and furthering the economic growth of the U.S.A. in the 21st century. This is evident to the world in terms of Latin American and Caribbean trade with the U.S.A. But from a strategic standpoint, it is crucial to consider Miami's significance and relative advantage in terms of flow- throughs of goods and services between Latin America and the Caribbean, and trading partners other than the U.S.A., and conversely, including with a new and EU-empowered Africa in the 21st century. Especially when it comes to capital goods and investment. And above all, investment. Strategically speaking, Miami, by hosting the I-ADCI, is in a unique position to profit from the CCPTM, becoming what would be the vortex at the waist of an American "hourglass" devised for attracting and funneling private risk-capital equity investment from the developed countries of the north, to the less developed countries of the south, the last frontier; from OECD countries such as the U.S.A. and its G-7 counterparts, to poor countries in Latin America and the Caribbean. Potentially, above and beyond the effects of an IAFTA, in ten years, the CCPTM could funnel one trillion dollars of OECD-institutional and individual private risk capital equity investments into Latin America and the Caribbean, to create new jobs in massive numbers, relieve extreme poverty, and create huge "instant" markets of 50 billion dollars per year for new U.S. technology-driven products and services, building up to 200 billion dollars per year by the end of the decade. Indeed, when Miami, as the "Business Capital of the Americas," was chosen to host the historic 1994 Hemispheric Congress and "Summit of the Americas," president Clinton clearly stated that the summit was concerned with "First, how to strengthen our democracies, defend them collectively and improve our governments," and, "Second, how to promote economic growth while advancing a strategy of sustainable development that protects the environment and alleviates poverty." As a result, the common goal of establishing the "Free Trade Area of the Americas" by the year 2005 was set by the galvanized leaders of all 34 American democracies. 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878  March 1, 1997 Page 9 of 9 "A Partnership for Development with the United States of America " TM (Sociedad para el Desarrollo con los Estados Unidos de América ) TM © Enrique A. Woll B. 1997 Quite clearly then, history would not be kind to the U.S.A., the world's only remaining superpower, if despite its young, resourceful, and visionary business and government leadership, it did not rise to lead the transformation of the Americas on the eve of the 21st century. Other nations and trade blocs are visibly interested, and rightly, will not be easily discouraged. Spain, a much smaller and distant OECD country, considered the "Madre Patria" or motherland by most of the region, is heavily invested in it, holding almost 40% of all foreign investment in Perú, for instance. Japan, France, and Germany are interested and are increasingly participating in funding the region's Development. The EU and ASEAN are knocking at the door. It is time then, for the U.S.A. to take the more proactive stance of fostering and supporting the creation and implementation of private Development firms for the Americas, that would both facilitate and capitalize on the pending IAFTA, in order to, through increased prosperity, extend and consolidate the protective mantle of democracy for the benefit of all People of the Americas. The time for action is now! *** 2105 Brickell Avenue, No. 322. Miami, FL 33129. U.S.A. Phone-Fax: (305) 859-9878 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 SCENARIOS The purpose of this Scenarios Sheet is to facilitate the enactment of different Investment Scenarios, within a base range of 234,375, by implementing as many allowed Value combinations of the 8 main Investment Variables affecting Inter-American · Peru Trust performance, relating to U.S. Treasury Zero Coupon Bonds (2), Inter-American · Peru Fund (4), and the U.S. Economy (2), generally within domains of 5 user-defined Values in each case, except for one with only two, including Pessimistic, Conservative, Normal, Sunny, and Optimistic Values, by specifying a set of 8 Value choices by number and clicking the Implement icon. Rename altered base range Scenarios in Scenario Results Summary. Do not alter Macros. Any Variable in this Book can be modified at will, with Error messages for guidance, and subject to display and printing size considerations. Original Values for all Variables in this Book can be Recovered and Reverted to by clicking the Full Revert icon, and Previous Scenario Variable Values modified by clicking the Implement icon can be Recovered and Reverted to by clicking the Partial Revert icon. Original Values for all Variables in any Sheet can be Recovered and Reverted to from Scenarios in the Tools menu by selecting Original Scenario and clicking Show, except for the Toombstone and Jobs Creation Sheets which require clicking their Revert to Original Scenario icons. Protect document design by preserving File menu Page Configuration and Print settings. Correct all Errors before printing. Calculate before printing single Sheets. Print this Sheet by clicking the Print Scenarios icon in Scenario Results Summary. Print the Title, Contents, Scenarios, Subscription, and Redemption Sheets by clicking the Partial Print icon. Print this Book by clicking the Full Print icon. Toombstone, Consortium, I-ADCI, and Jobs Creation Sheets require assembly. Inter-American · Peru Trust Investment Scenario: Original Scenario Full Print Partial Print 1 2 3 4 5 Pessimistic Conservative Normal Sunny Optimistic Choice No. Choice U.S. Treasury Zero Coupon Bonds Forecast Effective Price Percentage of Face Value and Equivalent Appreciation Rate to Maturity: 70.0000 % 60.0000 % 50.0000 % 40.0000 % 30.0000 % 0 49.9203 % 3.63 % 5.24 % 7.18 % 9.60 % 12.79 % 7.19 % Actual Effective Redemption Value Percentage of Face Value and Appreciation Rate to Maturity1: 50.0000 % 95.0000 % 100.0000 % 100.0000 % 100.0000 % 0 100.0000 % (3.31)% 4.70 % 7.18 % 9.60 % 12.79 % 7.19 % Inter-American · Peru Fund Forecast Effective Common Stock Application Investments Annual Appreciation Rate to Special Issue TM Maturity4: 10.00 % 15.00 % 20.00 % 25.00 % 30.00 % 0 25.50 % Actual Effective Common Stock Application Investments Annual Appreciation Rate to Special Issue TM Maturity4: 10.00 % 15.00 % 20.00 % 25.00 % 30.00 % 0 26.40 % Forecast Effective Common Stock Application Investments Annual Dividends Rate to Special IssueTM Maturity7: 5.00 % 6.00 % 7.00 % 8.00 % 9.00 % 0 9.75 % Actual Effective Common Stock Application Investments Annual Dividends Rate to Special Issue TM Maturity7: 5.00 % 6.00 % 7.00 % 8.00 % 9.00 % 0 9.37 % U.S. Economy Forecast Effective U.S. Inflation Rate to Special IssueTM Maturity8: 10.00 % 5.00 % 3.00 % 2.00 % 1.00 % 0 3.50 % Actual Effective U.S. Inflation Rate to Special IssueTM Maturity8: 10.00 % 5.00 % 3.00 % 2.00 % 1.00 % 0 2.50 % No. 33-3333-33-00 No. 00-0000-00-00 Inter-American · Peru Trust Investment Scenario Recover and Full Revert to Book Original Scenario: All Variable Values in Book will be Reset at Book Original Scenario Values* Full Revert Partial Revert Implement *Current Variable Values will be Permanently Lost Orig. Scenario Previous Scenario New Scenario Scenario Results Summary: Original Scenario Sheets: Investments Performance NR (Forecast) (Actual) Positive Real Return Assured Capital GrowthTM Rate of R.O.I.9: 3.57 % 3.57 % Lloyds of London Positive Real Return Assurance ClaimTM 10: -- -- Effective Annual Capital Growth Rate of R.O.I. 11: 16.05 % 16.70 % Effective Annual Dividends Rate of R.O.I.12: 6.38 % 6.22 % Effective Total Annual Rate of Return on Investment 13: Print Scenarios 22.43 % 22.92 % Note: Footnotes as per Partial Pool Investment Reports and Consolidated Pool Investment Report in Investments Sheet, and per Pool Investment Performance Report in Performance Sheet. Original_Scenario_C Page 19 Original_Scenario_C NR Page 20 Original_Scenario_C Page 21 Original_Scenario_C Page 22  Original_Scenario_C 0 Page 23 Original_Scenario_C Page 24  Original_Scenario_C Original ScenaNo. 33-3333-3No. 33-3333-33-00 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 Page 25 Original_Scenario_C Page 26 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTICIPATION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** PARTICIPATION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0005001 Subscriptor: AFP Nueva Vida Unión, Adminis- . tradora de Fondos de Pensiones. . Peru Development Consortium is a Privately Held Non Profit TM Address: Canaval y Moreyra 320. . Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Lima 27, . Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Peru. . Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, Subscription Size in Shares: 10,000,000 . in connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 15, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 10,000,000.00 Issue Redemption Value at Maturity Per Pool Liquidation Proceeds Subscription Guaranteed Minimum Redemption Value at Maturity1: 10,000,000.00 With Assured Capital Growth & Dividends 2 3 TM Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock, all Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development ConsortiumTM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Subscription Minimum Redemption Value at Special IssueTM Maturity Guarantee, for a Full Return of Capital, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity. Notwithstanding any Pool Bonds Redemption Below Face Value, Subscription Redemption Value at Special IssueTM Maturity may Meet or Exceed the Guarranteed Minimum, depending on Pool Bonds Redemption Value, and on Pool Inter-American · Peru FundTM Common Stock Appreciation to Redemption, and Redemption Value, on Special IssueTM Maturity. 2. Subscription Capital Growth is Tax Free and enjoys Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London Contingent on the Full Faith and Credit of the U.S. Government, per Item 1. A Pool Minimum Effective Capital Growth Rate from Subscription Closing Date to Special Issue TM Maturity specification will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999, of Growth at the greater of, Rate implied by Capital Growth equal to Gross Funds Available for Investment in Inter-American · Peru FundTM, after Investment in U.S. Treasury Zero Coupon Bonds, or Forecast Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity, 3.50 %, or, if greater, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. Depending on Pool Inter- American · Peru FundTM Common Stock Appreciation to Redemption on Special IssueTM Maturity, its Redemption Value, and Pool Capital Growth to Special IssueTM Maturity, may Meet or Exceed values at Assured Minimum Effective Capital Growth Rate, despite any Pool Bonds Redemption Below Face Value, per Item 1, as would Subscription Capital Growth. 3. Subscription Dividends are Tax Free Monthly Pass Through DividendsTM by Pool Inter-American · Peru FundTM Common Stock, from Application InvestmentsTM in Select Development ProjectsTM Common Stock. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTICIPATION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** PARTICIPATION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0007011 Subscriptor: Deutsch Bank Omnibus National . Retirement Plan. . Peru Development Consortium is a Privately Held Non Profit TM Address: Lufthausen 1. . Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Berlin, . Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Germany. . Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, Subscription Size in Shares: 100,000,000 . in connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 16, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 100,000,000.00 Issue Redemption Value at Maturity Per Pool Liquidation Proceeds Subscription Guaranteed Minimum Redemption Value at Maturity1: 100,000,000.00 With Assured Capital Growth & Dividends 2 3 TM Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock, all Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development ConsortiumTM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Subscription Minimum Redemption Value at Special IssueTM Maturity Guarantee, for a Full Return of Capital, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity. Notwithstanding any Pool Bonds Redemption Below Face Value, Subscription Redemption Value at Special IssueTM Maturity may Meet or Exceed the Guarranteed Minimum, depending on Pool Bonds Redemption Value, and on Pool Inter-American · Peru FundTM Common Stock Appreciation to Redemption, and Redemption Value, on Special IssueTM Maturity. 2. Subscription Capital Growth is Tax Free and enjoys Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London Contingent on the Full Faith and Credit of the U.S. Government, per Item 1. A Pool Minimum Effective Capital Growth Rate from Subscription Closing Date to Special Issue TM Maturity specification will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999, of Growth at the greater of, Rate implied by Capital Growth equal to Gross Funds Available for Investment in Inter-American · Peru FundTM, after Investment in U.S. Treasury Zero Coupon Bonds, or Forecast Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity, 3.50 %, or, if greater, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. Depending on Pool Inter- American · Peru FundTM Common Stock Appreciation to Redemption on Special IssueTM Maturity, its Redemption Value, and Pool Capital Growth to Special IssueTM Maturity, may Meet or Exceed values at Assured Minimum Effective Capital Growth Rate, despite any Pool Bonds Redemption Below Face Value, per Item 1, as would Subscription Capital Growth. 3. Subscription Dividends are Tax Free Monthly Pass Through DividendsTM by Pool Inter-American · Peru FundTM Common Stock, from Application InvestmentsTM in Select Development ProjectsTM Common Stock. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTICIPATION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** PARTICIPATION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0009023 Subscriptor: The Prudential Insurance Co. of . America. . Peru Development Consortium is a Privately Held Non Profit TM Address: One Prudential Way. . Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange New York, NY 17767. . Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional U.S.A. . Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, Subscription Size in Shares: 75,000,000 . in connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 17, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 75,000,000.00 Issue Redemption Value at Maturity Per Pool Liquidation Proceeds Subscription Guaranteed Minimum Redemption Value at Maturity1: 75,000,000.00 With Assured Capital Growth & Dividends 2 3 TM Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock, all Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development ConsortiumTM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Subscription Minimum Redemption Value at Special IssueTM Maturity Guarantee, for a Full Return of Capital, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity. Notwithstanding any Pool Bonds Redemption Below Face Value, Subscription Redemption Value at Special IssueTM Maturity may Meet or Exceed the Guarranteed Minimum, depending on Pool Bonds Redemption Value, and on Pool Inter-American · Peru FundTM Common Stock Appreciation to Redemption, and Redemption Value, on Special IssueTM Maturity. 2. Subscription Capital Growth is Tax Free and enjoys Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London Contingent on the Full Faith and Credit of the U.S. Government, per Item 1. A Pool Minimum Effective Capital Growth Rate from Subscription Closing Date to Special Issue TM Maturity specification will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999, of Growth at the greater of, Rate implied by Capital Growth equal to Gross Funds Available for Investment in Inter-American · Peru FundTM, after Investment in U.S. Treasury Zero Coupon Bonds, or Forecast Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity, 3.50 %, or, if greater, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. Depending on Pool Inter- American · Peru FundTM Common Stock Appreciation to Redemption on Special IssueTM Maturity, its Redemption Value, and Pool Capital Growth to Special IssueTM Maturity, may Meet or Exceed values at Assured Minimum Effective Capital Growth Rate, despite any Pool Bonds Redemption Below Face Value, per Item 1, as would Subscription Capital Growth. 3. Subscription Dividends are Tax Free Monthly Pass Through DividendsTM by Pool Inter-American · Peru FundTM Common Stock, from Application InvestmentsTM in Select Development ProjectsTM Common Stock. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTICIPATION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** PARTICIPATION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0073982 Subscriptor: Peter T. Fly, . Esquire. . Peru Development Consortium is a Privately Held Non Profit TM Address: 1 Humble Street. . Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Christian City, Sursum 3210 . Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Corda. . Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, Subscription Size in Shares: 10 . in connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 18, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 10.00 Issue Redemption Value at Maturity Per Pool Liquidation Proceeds Subscription Guaranteed Minimum Redemption Value at Maturity1: 10.00 With Assured Capital Growth & Dividends 2 3 TM Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock, all Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development ConsortiumTM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Subscription Minimum Redemption Value at Special IssueTM Maturity Guarantee, for a Full Return of Capital, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity. Notwithstanding any Pool Bonds Redemption Below Face Value, Subscription Redemption Value at Special IssueTM Maturity may Meet or Exceed the Guarranteed Minimum, depending on Pool Bonds Redemption Value, and on Pool Inter-American · Peru FundTM Common Stock Appreciation to Redemption, and Redemption Value, on Special IssueTM Maturity. 2. Subscription Capital Growth is Tax Free and enjoys Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London Contingent on the Full Faith and Credit of the U.S. Government, per Item 1. A Pool Minimum Effective Capital Growth Rate from Subscription Closing Date to Special Issue TM Maturity specification will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999, of Growth at the greater of, Rate implied by Capital Growth equal to Gross Funds Available for Investment in Inter-American · Peru FundTM, after Investment in U.S. Treasury Zero Coupon Bonds, or Forecast Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity, 3.50 %, or, if greater, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. Depending on Pool Inter- American · Peru FundTM Common Stock Appreciation to Redemption on Special IssueTM Maturity, its Redemption Value, and Pool Capital Growth to Special IssueTM Maturity, may Meet or Exceed values at Assured Minimum Effective Capital Growth Rate, despite any Pool Bonds Redemption Below Face Value, per Item 1, as would Subscription Capital Growth. 3. Subscription Dividends are Tax Free Monthly Pass Through DividendsTM by Pool Inter-American · Peru FundTM Common Stock, from Application InvestmentsTM in Select Development ProjectsTM Common Stock.  Original_Scenario AFP Nueva Vida Unión, Adminis- tradora de Fondos de Pensiones. Canaval y Moreyra 320. Lima 27, Peru. 10000000 Page 31 Original_Scenario Page 32  Original_Scenario Deutsch Bank Omnibus National Retirement Plan. Lufthausen 1. Berlin, Germany. 100000000 Page 33  Original_Scenario The Prudential Insurance Co. of America. One Prudential Way. New York, NY 17767. U.S.A. 75000000 Page 34 Original_Scenario Page 35 Original_Scenario 10 Page 36 Financial Tools´ June 6, 2015 01:22 TOOMBSTONE September 21, 1999 The Wall Street Journa "A Partnership for Development with the Un Inter-American Development C "Leadership for Prosperit U.S.$ 340,000,000,000 Assets Under *** Free Trade Area of the Am (Inter-American Free Trade Agree Target Countries Argentina Development Consortium Bahamas Development Consortium Barbados Development Consortium Belise Development Consor Development Consortium Colombia Development Consortium Costa Rica Development Consortium Cuba Development Consortium Domin Salvador Development Consortium Grenada Development Consortium Guaiana Development Consortium Guatemala Development Consorti Development Consortium Nicaragua Development Consortium Panama Development Consortium Paraguay Development Consortium Peru D Development Consortium Surinam Development Consortium Tenerife Development Consortium Trinidad y Tobago Deve Organization for Economic Cooperation Source Countries United States of America Australia Austria Belgium Canada the Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Japan L Switzerland Turkey the United Ki ** Peru Development Con "They Live in Harmony Who Reap Together; They Inter-American · Assured Capital Grow (Inter-American · Peru "Sustainable Development, Peace, U.S.$ 10,000,000,000 In September 21, 1999 ** Tax Free ** U.S.$ 1,000,000,000 Inve Funded by Special Issue No. AAA-1000-1999-0 1,000,000,000 Negotiable S ** Non Voting ** Placed at U.S.$ 1.00 Per S With a Minimum Placement Block Si ** Redeemable Upon 10  © Enrique A. Woll B. 1992-2014. All Rights Reserved. TOOMBSTONE he Wall Street Journal Page 23 opment with the United States of America " TM Development Capital Institute adership for ProsperityTM" 000,000 Assets Under Management *** Trade Area of the Americas -American Free Trade Agreement) Target Countries lise Development Consortium Bolivia Development Consortium Brazil Development Consortium Canada Development Consortium Chile ment Consortium Dominica Development Consortium Dominican Republic Development Consortium Ecuador Development Consortium El la Development Consortium Haiti Development Consortium Honduras Development Consortium Jamaica Development Consortium Mexico pment Consortium Peru Development Consortium Puerto Rico Development Consortium San Vicente Development Consortium Santa Lucia m Trinidad y Tobago Development Consortium Uruguay Development Consortium Venezuela Development Consortium conomic Cooperation and Development Source Countries United States of America and Ireland Italy Japan Luxembourg Mexico the Netherlands New Zealand Norway Poland Portugal the Republic of Korea Spain Sweden and Turkey the United Kingdom ** evelopment Consortium Together; They Reap Together Who Sow as One " TM apital Growth & Dividends Trust · Peru American · Peru Trust) elopment, Peace, and Prosperity " TM 0,000,000,000 In Assets September 21, 1999 ** Tax Free ** 000,000 Investment Pool Issue No. AAA-1000-1999-09-15, Comprised of 000,000 Negotiable Shares ** Non Voting ** ed at U.S.$ 1.00 Per Share m Placement Block Size of 10 Shares emable Upon 10 Years **  On September 18, 200 Per Pool Liquidation Pr At U.S.$ 1.00 Per Share - Guarranteed Minimum - Contingent on th ** Assured Capital Gro Post-Issuance-Defined-Minimum Positive R By Lloyds of London At Minimum Effective to Maturity Equal to the Greater of 3.57% Contingent on the Full Faith and Credit of & ** Dividends ** Monthly Pass Throug * Subscription Opened on 09-1 Subscription Closed on 09-1 * Investment Pool Por U.S. Treasury Zero Coupo Maturity Value U.S.$ 1,00 Inter-American · Capital Growth & D · (Inter-American · Peru F Common Stock Assured Minimum Redemption Va * Pool Funds Application Investments · In TM Combined Common Stock Pu Select Development Proje U.S.$ 391,244,30 Target Country Political Risk AssuranceTM by Latin American and C Common Stock · Camisea Pipeline Corp. J.V. · Royal Dutch Sh Common Stock · Farm Services Corp. J.V. · Archer Daniels Mi Common Stock · Lima Mass Transit Corp. J.V. · Fluor Cor Common Stock · Ro-Ro Multi Ports Development Corp. J.V. · Bec Common Stock · Panamerican Highway Service Station a ** Organized with Support from Florida Partnership of the A Seed Money granted by Enterprise Florida Startup Capital granted by U.S. Aid for International *** "Lighting Up the Future of Latin America On September 18, 2009 ool Liquidation Proceeds m - Contingent on the Full Faith and Credit of the U.S. Government ured Capital Growth ** -Minimum Positive Real Return AssuranceTM By Lloyds of London o the Greater of 3.57% Per Annum or Actual U.S. Inflation Rate l Faith and Credit of the U.S. Government & ** Dividends ** Monthly Pass Through * iption Opened on 09-15-1999 iption Closed on 09-18-1999 * stment Pool Portfolio asury Zero Coupon Bonds Value U.S.$ 1,000,000,000 · pital Growth & Dividends Fund · Peru r-American · Peru Fund) Redemption Value U.S.$ 419,564,933 · Contingent * vestments · Inter-American · Peru Fund TM ned Common Stock Purchases ct Development ProjectsTM U.S.$ 391,244,300 ceTM by Latin American and Caribbean Investment Guarrantee, Ltd. .V. · Royal Dutch Shell, Mobil Oil, Bechtel Corp., Cosapi S.A. · Archer Daniels Midland, Cargil Corp., Graña y Montero S.A. orp. J.V. · Fluor Corp., Graña y Montero S.A., Cosapi S.A. ment Corp. J.V. · Bechtel Corp., U.S. President Line, ENAPU S.A. way Service Station and Truck Stop Network · Exxon Peru ** Florida Partnership of the Americas and Programa Bolivar granted by Enterprise Florida, Incorporated by U.S. Aid for International Development (USAID) *** re of Latin America and the Caribbean TM" Financial Tools´ June 6, 2015 01:22 TOOMBSTONE September 21, 1999 The Wall Street Journa Inter-American · Capital Growth & D (Inter-American · Peru "Select Projects for Sustainable De U.S.$ 4,992,030,000 In As Miami, USA "Business Capital of th Inter-American · Peru FundTM is a Mutual Fund Investment Company established in the United States of America, subject to regulation by th funded exclusively through the issuance of Common Stock to the Inter-American · Assured Capital Growth & Dividends Trust · Peru TM (Inter-A Stock Exchange, issued chiefly by Prime foreign and domestic corporations and their joint venture companies only for the whole or partia ConsortiumTM, and committed to and characterized throughout by All Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by On behalf of Peru Development "They Live in Harmony Who Reap Together; They Reap To Underwriter: Merril Lynch & Co. Fund Manager: Morgan Stanley Dean Witter & Co. Investment Advisor: Moody´s Investors Services, Inc. Custodian: City Bank N.A., Inc. Registrar: City Bank N.A., Inc. * Inter-American · Assured Capital Growth (Inter-American · Peru "Sustainable Development, Peace, an U.S.$ 10,000,000,000 In A Miami, USA "Business Capital of th Inter-American · Peru TrustTM is an Investment Company established in the United States of America, subject to regulation by the Securit Organization for Economic Cooperation and Development (OECD) member country major Exchanges, including electronic, and in the Lim Shares with Assured Capital Growth & DividendsTM, or Inter-American · Country Trust SharesTM, each intended solely to fund a specific Inves FundTM in connection with Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development Co It enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applie ConsortiumTM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Spec all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru Fund TM, its Revenues and Expenses, a American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business T Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors o On behalf of Peru Development "They Live in Harmony Who Reap Together; They Reap To Underwriter: Merril Lynch & Co. Fund Manager: Morgan Stanley Dean Witter & Co. Investment Advisor: Moody´s Investors Services, Inc. Custodian: City Bank N.A., Inc. Registrar: City Bank N.A., Inc. ** Peru Development Con "They Live in Harmony Who Reap Together; They Rea U.S.$ 10,000,000,000 Assets Under Lima, "Ciudad de los Rey Capital U.S.$ 10,000,000  © Enrique A. Woll B. 1992-2014. All Rights Reserved. TOOMBSTONE he Wall Street Journal Page 24 ital Growth & Dividends Fund · Peru r-American · Peru Fund) cts for Sustainable DevelopmentTM" $ 4,992,030,000 In Assets "Business Capital of the Americas" ubject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, ds Trust · Peru TM (Inter-American · Peru TrustTM), and investing solely in Common Stock Listed in both the New York Stock Exchange and Lima ly for the whole or partial funding of Select Development Projects TM in Peru, Formulated and with Special Support by Peru Development racterized throughout by a Clear Preference for Equity FundingTM tical Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Peru Development Consortium ho Reap Together; They Reap Together Who Sow as One " TM Credibolsa S.A.B. Continental S.A.F.I. D. C. R. Evaluadora de Riesgos & Inversiones S.A. Banco Wiese Sudameris S.A. Banco Wiese Sudameris S.A. * Capital Growth & Dividends Trust · Peru r-American · Peru Trust) evelopment, Peace, and ProsperityTM" $ 10,000,000,000 In Assets "Business Capital of the Americas" regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, other electronic, and in the Lima Stock Exchange, funded exclusively through Special Issues TM of Tax Free Negotiable Non Voting Investment Pool y to fund a specific Investment Pool consisting only of U.S. Treasury Zero Coupon Bonds and Common Stock issued by Inter-American · Peru by Peru Development ConsortiumTM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter- Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as e benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues Peru Development Consortium ho Reap Together; They Reap Together Who Sow as One " TM Credibolsa S.A.B. Continental S.A.F.I. D. C. R. Evaluadora de Riesgos & Inversiones S.A. Banco Wiese Sudameris S.A. Banco Wiese Sudameris S.A. ** evelopment Consortium ap Together; They Reap Together Who Sow as OneTM" 000,000 Assets Under Management ma, "Ciudad de los Reyes" Capital U.S.$ 10,000,000 Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States of America, in Lima, Peru, subject to regulation by the Comisión Nacional Supervisora de Empresas y Valores, and is funded exclusively through the issu Special Support for, Select Development ProjectsTM in Peru, committed to and characterized throughout by a Clear Preference for Equity Fu Investment Companies established in the Unit It is Administered by Strategic Members, with the Main Strategic MemberTM as Manager, and Supported by Associate Members, under a S Development Capital InstituteTM, I-ADCITM, as a General Services and Core Intellectual Property Usage Rights Client TM, under a Standard De Administration, and through Associate Partners in respect of Support, in ac It includes, under the Standard Autonomous Development Consortium Operating AgreementTM, as Strategic Members, only I-ADCITM Stra PartnerTM as Main Strategic MemberTM, requiring them to remain vigorously solvent, and that they jointly and severally maintain specified Dev to I-ADCITM Associate Partners, not to exceed Strategic Members in number, requiring that Strategic Members and Associate Members be adm once Identified, Select Development ProjectsTM are Proposed, Formulated, and Underwritten, and that these actions be approved with a sim Strategic MemberTM and Manager, who is entitled to pro It Administers and Supports Inter-American · Peru TrustTM and Inter-American · Peru FundTM, as General Services and Core Intellectual Pr AgreementTM, implemented through Strategic Members in respect of Administration, and Associate Members in respect of Supp It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Inter-American · P Special Support AgreementTM, with General Services Commission FeesTM fully passed through to and shared between Strategic Members, Development Consortium Operating AgreementTM, and to I-ADCITM in accordance with the Standard Development Consortium Special Suppor to I-ADCITM also in accordance with the Standard Development C Members "They Live in Harmony Who Reap Together; They Reap To On Behalf of I-ADC "Leadership for Prosperity " TM Main Strategic MemberTM & Manager: Merril Lynch & Co. Other Strategic Members: Morgan Stanley Dean Witter & Co. Moody´s Investors Services, Inc. City Bank N.A., Inc. Andersen Consulting, LLC Peat, Marwick, & Mitchell, LLC Baker & McKenzie, LLC Peruvian Local Counterp "A foundation for Development " TM Other Strategic Members: Credibolsa S.A.B. Continental S.A.F.I. D. C. R. Evaluadora de Riesgos & Inversiones S.A. Banco Wiese Sudameris S.A. Apoyo y Asociados S.A. Contadores y Auditores Asociados S.A. Muñiz, Forsyth, Ramírez, Pérez-Taiman & Luna-Victoria "For a World Sustainable and Unite Associate Members: Ministerio de Economía y Finanzas y Corporación Financiera de Desarrollo S.A. Instituto de Defensa de la Competencia y de la Protección de la Propiedad Intelectual Ministerio de Educación Ministerios de Trabajo y Promoción Social y de Industria, Turismo, Integración, y N.C.I. Ministerio de Agricultura Ministerio de Salud Dirección General de Salud Ambiental ** Organized with Support from Inter-American Devel *** "A Partnership for Development with the Un United States of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating clusively through the issuance of Interest Certificates to Strategic Members, in connection only with the Formulation of, and the provision of Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Peru TrustTM through Inter-American · Peru FundTM, es established in the United States of America ciate Members, under a Standard Autonomous Development Consortium Operating Agreement TM, with Special Support by Inter-American tTM, under a Standard Development Consortium Special Support AgreementTM, implemented through I-ADCITM Strategic Partners in respect of respect of Support, in accordance with the I-ADCI Operating Agreement TM bers, only I-ADCITM Strategic Partners and their vigorously solvent Peruvian Local Counterparts TM, equal in number, with Main Strategic ly maintain specified Development Consortium capitalization levels, and includes as Associate Members, only Peruvian Local Counterparts TM ssociate Members be admitted or renewed, only by a favorable vote from all current Strategic Members, and only for five year terms, and that s be approved with a simple majority of favorable votes by Strategic Members, by number, which must include a favorable vote by the Main er, who is entitled to project Underwriting Prioritization and Core Intellectual Property Usage Rights Clients TM, under a Standard Inter-American Country Trust and Country Fund Special Support embers in respect of Support, in accordance with the Standard Autonomous Development Consortium Operating Agreement TM M from Inter-American · Peru TrustTM and Inter-American · Peru FundTM, under the Standard Inter-American Country Trust and Country Fund ween Strategic Members, as fixed Commission Fees for Specific Administrative Services TM, in accordance with the Standard Autonomous nsortium Special Support AgreementTM, and with Core Intellectual Property Usage Rights Royalty FeesTM exclusively and fully passed through Standard Development Consortium Special Support AgreementTM Members ho Reap Together; They Reap Together Who Sow as One " TM On Behalf of I-ADCI "Leadership for Prosperity " TM Broker Dealer Investment Banker and Underwriter, all OECD Country Stock Exchanges, all Client Development ConsortiumTM Stock Exchanges Fund Manager, Country Funds and Unit Trusts, First and Third World Investment Advisor, Common Stock Mutual Funds, First and Third World Securities Custodian and Registrar, Account Services, First and Third World Management Consulting, Investment Projects, First and Third World Accounting, Auditing, and Standards and Practices, First and Third World Law, Joint Ventures, Investments, and Intellectual Property, First and Third World vian Local CounterpartsTM "A foundation for Development " TM Local Counterpart to Merril Lynch & Co. Local Counterpart to Morgan Stanley Dean Witter & Co. Local Counterpart to Moody´s Investors Services, Inc. Local Counterpart to City Bank N.A., Inc. Local Counterpart to Andersen Consulting, LLC Local Counterpart to Peat, Marwick, & Mitchell, LLC Local Counterpart to Baker & McKenzie, LLC or a World Sustainable and United " TM Local Counterpart to Inter-American Development Bank, World Bank, and International Monetary Fund Local Counterpart to World Intellectual Property Organization Local Counterpart to United Nations Educational Scientific and Cultural Organization Local Counterpart to International Labor Office and World Trade Organization Local Counterpart to Food & Agricultural Organization Local Counterpart to Panamerican Health Organization Local Counterpart to Panamerican Center for Sanitary Engineering and Environmental Sciences ** from Inter-American Development Capital Institute *** opment with the United States of America TM" Financial Tools´ June 6, 2015 01:22 TOOMBSTONE September 21, 1999 The Wall Street Journa "A Partnership for Development with the Un Inter-American Development C "Leadership for Prosperit U.S.$ 340,000,000,000 Assets Under Miami, USA "Business Capital of th Capital U.S.$ 50,000,000 *** Free Trade Area of the Am (Inter-American Free Trade Agree Target Countries Argentina Development Consortium Bahamas Development Consortium Barbados Development Consortium Belise Development Consor Development Consortium Colombia Development Consortium Costa Rica Development Consortium Cuba Development Consortium Domin Salvador Development Consortium Grenada Development Consortium Guaiana Development Consortium Guatemala Development Consorti Development Consortium Nicaragua Development Consortium Panama Development Consortium Paraguay Development Consortium Peru D Development Consortium Surinam Development Consortium Tenerife Development Consortium Trinidad y Tobago Deve Organization for Economic Cooperatio Source Countries United States of America Australia Austria Belgium Canada the Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Japan L Switzerland Turkey the United Ki ** Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United S operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provis Special Support AgreementTM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean coun partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Comp It is Administered by Strategic Partners, with the Main Strategic Partner TM as Manager, and Supported by Associate Partners, under the I-AD Country TrustsTM and Inter-American · Country FundsTM, in the United States of America, domiciled in Miami, with each Development Consor American · Country FundsTM operating in Miami, preparing the required Standard Development Consortium Special Support AgreementTM, St and Country Fund Special Support AgreementTM, as contracts of adhesion, and reserving the right to make modifications, from time to time, w number, which must include a favorable vo It has seven Strategic Partners and twelve Associate Partners under the I-ADCI Operating Agreement TM, which admits, as Strategic Partners, as Associate Partners, only Organization of American States (OAS) and United Nations (UN) related Multilateral Organizations concerned wi Environmental Protection, solely for Mutual Informational Exchange, Technical and Oversight Advice, and Multilateral Political Support, Strategic Partners, and commit to five year terms in the I-ADCITM, renewable only with a favorable vote It requires, under the I-ADCI Operating AgreementTM, as Main Strategic PartnerTM, a Broker Dealer Investment Banker and Underwriter act Country Stock Exchanges, and, as additional Strategic Partners, a Fund Manager with broad First and Third World Country Fund and Unit T Service firms in Third World countries, a Bank long established in First and Third World Corporate and Personal Banking, Brokerage Accou Investment Project Formulation experience, and a long record in Corporate Management Consulting in the First and Third Worlds, a Big Six A Law Firm with major experience in First and Third World Joint Ventures It requires, under the I-ADCI Operating AgreementTM, that Strategic Partners remain vigorously solvent, that they jointly and severally mai ConsortiumTM with deliverables required of I-ADCITM under the Standard Development Consortium Special Support AgreementTM, and that Autonomous Development Consortium Operating AgreementTM, which requires, in turn, that Strategic Members remain vigorously solvent, Associate Members, provide the Inter-American · Country TrustTM and Inter-American · Country FundTM, in each case, with deliverables requi Support AgreementTM  © Enrique A. Woll B. 1992-2014. All Rights Reserved. TOOMBSTONE he Wall Street Journal Page 25 opment with the United States of America " TM Development Capital Institute adership for ProsperityTM" 000,000 Assets Under Management "Business Capital of the Americas" Capital U.S.$ 50,000,000 *** rade Area of the Americas -American Free Trade Agreement) Target Countries lise Development Consortium Bolivia Development Consortium Brazil Development Consortium Canada Development Consortium Chile ment Consortium Dominica Development Consortium Dominican Republic Development Consortium Ecuador Development Consortium El la Development Consortium Haiti Development Consortium Honduras Development Consortium Jamaica Development Consortium Mexico pment Consortium Peru Development Consortium Puerto Rico Development Consortium San Vicente Development Consortium Santa Lucia m Trinidad y Tobago Development Consortium Uruguay Development Consortium Venezuela Development Consortium conomic Cooperation and Development Source Countries United States of America and Ireland Italy Japan Luxembourg Mexico the Netherlands New Zealand Norway Poland Portugal the Republic of Korea Spain Sweden and Turkey the United Kingdom ** stablished in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and tion only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium ican and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity Funding TM, to be funded wholly or undsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums Partners, under the I-ADCI Operating AgreementTM, and establishes Client Development ConsortiumsTM, and corresponding Inter-American · ach Development Consortium headquartered and operating in the respective country capital, and Inter-American · Country Trusts TM and Inter- Support AgreementTM, Standard Autonomous Development Consortium Operating AgreementTM, and Standard Inter-American · Country Trust ons, from time to time, without advance warning and at its sole discretion, with a simple majority of favorable votes by Strategic Partners, by st include a favorable vote by the Manager s, as Strategic Partners, only prime multinational U.S. firms pertaining to Foremost U.S. Global Financial and Support Service Groups TM, and anizations concerned with International Finance, International Trade, Intellectual Property, Education, Employment, Agriculture, Health, and ateral Political Support, and requires that Strategic Partners and Associate Partners be admitted only by a favorable vote from all current nly with a favorable vote by all Strategic Partners, as with I-ADCI Operating Agreement TM modifications nker and Underwriter active in all Stock Exchanges in every OECD Country, including electronic, and all Client Development Consortium TM Country Fund and Unit Trust experience, a Common Stock Mutual Fund Investment Advisor with wide expertise in First World Industrial and anking, Brokerage Account Services, and as Mutual Fund related Securities Custodian and Registrar, a Business Consulting Firm with broad Third Worlds, a Big Six Accounting Firm greatly familiar with First and Third World Accounting and Auditing Standards and Practices, and a hird World Joint Ventures, Investment Projects, and Intellectual Property jointly and severally maintain specified I-ADCI TM capitalization levels, that they, and Associate Partners, provide each Client Development ort AgreementTM, and that Strategic Partners be Strategic Members in all Development Consortiums, adhering in each case to the Standard main vigorously solvent, that they jointly and severally maintain specified Development Consortium capitalization levels, and that they, and e, with deliverables required of each Development Consortium under the Standard Inter-American · Country Trust and Country Fund Special Support AgreementTM It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty Fees TM from Client Developme Commission FeesTM partially passed through to and shared between Strategic Partners, as fixed Commission Fees for Specific Administrativ specific Core Intellectual PropertyTM, credited to Strategic Partners per their respective Interest Certi · Core Intellectual PropertyTM is any Intellectual Property developed, acquired, or Licensed by I-ADCITM, that is used or applied, or potentially Trusts, and Country Funds, and includes, but is not limited to, Financial Instrument Designs, such as that of Tax Free Negotiable Non Voting Special Insurance Designs, such as Post-Issuance-Defined-Minimum Positive Real Return Assurance TM, Business Plans, Organizational Desi and Materials, whether or not protected or protectable by Patents, Trademarks, Copyrights, Industrial Secret Protection Agreements, or oth Strategic Members, or others, unless Licensed, or that p · A Partnership for Development with the United States of America , Conceptually Designed in 1993, to promote Development with Reciprocit TM 1996 as a Chapter C Delaware Corporation, and incorporates and expands the Plan for the Promotion of Public and Private Savings and o Capture PlanTM (CCPTM), a private Conceptual Design formulated in 1992, in response to the marked Developmental cesation, resulting fro ConsortiumTM, and was rooted in, and relied on, the issuance of Tax Free Negotiable Non Voting Investment Pool Shares with Assured C Participation CertificatesTM, Conceptually Its versatile Organizational Design, led by I-ADCITM, with thirty four autonomous Client Development ConsortiumsTM, Country Trusts, and C with appropriate Country Local CounterpartsTM, the talents and influence of the Foremost U.S. Global Financial and Support Service Groups Underwriting, and Funding by OECD Source CountriesTM, of Select Development Projects of Relative Advantage with the Highest Returns an Country Trust ShareTM, a powerful Financial Instrument of Universal Investment AppealTM to Individuals, Corporations, Institutions, and State Tax Free, for the massive tapping of Foreign and National It recognizes that, within and amongst nations...They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM, creati inspired in prominent political players and thinkers in the American hemisphere and beyond, and so is expected, by the grace of God, with...Le through Special IssuesTM of Inter-American · Country Trust SharesTM, recently enhanced by Post-Issuance-Defined-Minimum Positive Real London, effectively...Lighting Up the Future of Latin America and the CaribbeanTM, by diminishing, and eventually eliminating, its abject p ProsperityTM for all participants, well into t Partners "Leadership for Prosperity " TM Main Strategic PartnerTM & Manager: Merril Lynch & Co. Other Strategic Partners: Morgan Stanley Dean Witter & Co. Moody´s Investors Services, Inc. City Bank N.A., Inc. Andersen Consulting, LLC Peat, Marwick, & Mitchell, LLC Baker & McKenzie, LLC "For a World Sustainable and Unite Associate Partners: Inter-American Development Bank Inter-American Investment Corporation World Bank International Finance Corporation International Monetary Fund World Trade Organization World Intellectual Property Organization United Nations Educational Scientific and Cultural Organization International Labor Office Food & Agricultural Organization Panamerican Health Organization Panamerican Center for Sanitary Engineering and Environmental Sciences ** Organized with Support from Florida Partnership of the A Seed Money granted by Enterprise Florida Startup Capital granted by U.S. Aid for International *** "Lighting Up the Future of Latin America M from Client Development ConsortiumsTM, under the Standard Development Consortium Special Support AgreementTM, with General Services or Specific Administrative Services TM, and with Profits or Losses after all I-ADCITM expenses, including Royalty Fees due to other owners of respective Interest Certificate participations, in accordance with the I-ADCI Operating Agreement TM · or applied, or potentially could, to distinct advantage, in connection with the Core Business of I-ADCI TM, Development Consortiums, Country ee Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, ans, Organizational Designs, Software, Logos and Graphic Designs, Trademarks, Brands, Slogans, Jingles, and Advertisements, Promotions, ction Agreements, or other forms of protection, but does not include Intellectual Property that is pre-existing property of Strategic Partners, nless Licensed, or that pre-existed in the Public Domain · elopment with ReciprocityTM, in the American hemisphere, is Core Intellectual PropertyTM that led to the tentative establishment of I-ADCITM in nd Private Savings and of National and Foreign Investment for the Reconstruction and Development of the Republic of Peru TM, or Capitals tal cesation, resulting from the aberrant terrorism visited on Peru from 1980 till then, calling for the establishment of a Peru Development ol Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, then denominated Peru Trust Shares tificatesTM, Conceptually Designed in 1986 M , Country Trusts, and Country Funds, and Effective Functional Policies and Tools TM, including Core Intellectual PropertyTM, brings together, Support Service Groups TM, and pertinent Multilateral Organizations in Support, for the Identification, Proposal, Formulation, Prioritization, h the Highest Returns and Acceptable Risks TM, in Target CountriesTM in the FTAA, in a true Partnership, at whose Core is the Inter-American · ns, Institutions, and States, because of its inherent Safety, Liquidity, Stability, Assured Capital Growth, and Monthly Pass Through Dividends TM, of Foreign and National Private and Public Equity Capital Who Sow as OneTM, creating...A foundation for DevelopmentTM...For a World Sustainable and UnitedTM, thus the approval and support it has he grace of God, with...Leadership for Prosperity TM by I-ADCITM, to harness a net U.S.$ 1 Trillion for...Select Development ProjectsTM by 2005, -Minimum Positive Real Return AssuranceTM, an improved Special Financial Investment Insurance Design now underwritten by LLoyds of y eliminating, its abject poverty, containing, and ultimately preventing, social unrest, and ensuring ...Sustainable Development, Peace, and ll participants, well into the next millenium Partners "Leadership for Prosperity " TM Broker Dealer Investment Banker and Underwriter, all OECD Country Stock Exchanges, all Client Development ConsortiumTM Stock Exchanges Fund Manager, Country Funds and Unit Trusts, First and Third World Investment Advisor, Common Stock Mutual Funds, First and Third World Securities Custodian and Registrar, Account Services, First and Third World Management Consulting, Investment Projects, First and Third World Accounting, Auditing, and Standards and Practices, First and Third World Law, Joint Ventures, Investments, and Intellectual Property, First and Third World or a World Sustainable and United " TM Organization of American States related Multilateral Organizations concerned with International Finance for Public and Private Investment United Nations related Multilateral Organizations concerned with International Finance in connection with Governmental and Private Investment Projects, Economic Development, Financial Stability, and International Trade United Nations related Multilateral Organizations concerned with Intellectual Property, its Promotion, and Protection, and with Education and Employment, their Standards, Provision, Productivity, and Fairness United Nations related Multilateral Organizations concerned with Food Production, its Quality and Quantity, and its Processing, Preservation, and Distribution, and with Health and Environmental Improvement ** Florida Partnership of the Americas and Programa Bolivar granted by Enterprise Florida, Incorporated by U.S. Aid for International Development (USAID) *** re of Latin America and the Caribbean TM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000 Partial Pool Percentage: 35.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 15, 1999 Partial Pool Gross Amount: U.S.$ 350,000,000.00 Placement General Services Commission Fee: 5.00 % 17,500,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 7,000,000.00 Net Funds Available for Investments: 325,500,000.00 Guaranteed Minimum Redemption Value at Maturity: 350,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 350,000,000.00 Redemption Date: September 15, 2009 Price and Price Discount: 50.0000 % 50.0000 % 50.0000 % Implied Annual Appreciation Rate to Redemption: 7.18 % Investment Amount: 175,000,000.00 Brockerage General Services Commission Fee: 1.00 % 1,750,000.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 2,187,500.00 Investment Cost: 178,937,500.00 Effective Total Annual Rate of Return on Investment: 6.94 % 171,062,500.00 Net Redemption Amount1: 350,000,000.00 Effective Total Cash Flow Return on Investment: 350,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 146,562,500.00 Brockerage General Services Commission Fee: 4.00 % 5,862,500.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,832,031.25 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 1,465,625.00 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 732,812.50 Net Funds Available for Application Investments: 136,669,531.25 Redemption Date: September 15, 2009 Application Investments Performance Forecast Effective Annual Appreciation Rate4: 25.50 % 1,061,976,132.37 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 48,922,843.73 Effective Net Annual Appreciation Rate of R.O.I. to Redemption 6: 24.25 % 1,061,943,292.76 Net Redemption Proceeds: 1,198,612,824.01 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 12.11 % 530,484,581.33 Effective Total Annual Rate of Return on Investment: 36.37 % 1,592,427,874.09 Effective Total Cash Flow Return on Investment: 1,729,097,405.34 Preliminary Subscribers Investment Performance Forecast Partial Pool Liquidation Amount: 1,548,612,824.01 Return of Capital Included in Liquidation Amount: 350,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 3.50 % 16.03 %43,709,566.22 1,198,612,824.01 Positive Real Return Assured Capital Growth Rate of R.O.I. 9: TM 3.56 % 146,562,500.00 Lloyds of London Positive Real Return Assurance Claim 10: TM Effective Annual Capital Growth Rate of R.O.I.11: 16.03 % 1,198,612,824.01 Effective Annual Dividends Rate of R.O.I.12: 6.37 % 530,484,581.33 Effective Total Annual Rate of Return on Investment13: 22.40 % 1,729,097,405.34 Effective Total Cash Flow Return on Investment: 2,079,097,405.34 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000 Partial Pool Percentage: 35.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 15, 1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity is Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return AssuranceTM By Lloyds of London, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate applied to Gross Funds Available for Investment in Inter-American · Peru FundTM, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments is increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equals or exceeds in value the greater of Gross Funds Available for Investment, at a rate of 3.56 % Per Annum, estimated on a Partial Pool basis, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, per Item 8, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM are all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd, at its Peru Rate. 4. Forecast Effective Annual Appreciation Rate applies to Partial Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre-existing, current, and future Pool Inter-American · Peru Fund Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applies to Partial Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, and Partial Pool Forecast, U.S.$ 48,922,843.73, Cumulative from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. Its value on Redemption Date is Forecast at U.S.$ 32,839.61. 6. Forecast Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applies to Investment in Partial Pool Inter- American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, and would set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Partial Pool Forecast Inter- American · Peru Fund Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. 7. Forecast Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applies to Partial Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, Partial Pool based Forecast Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, and Partial Pool Forecast Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. 8. Forecast Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, Partial Pool based Forecast Capital Growth Rate of Return on Investment, or Pool Subscribers Forecast Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, on a Partial Pool Basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, prior to any claim per Item 2. 9. Partial Pool based Positive Real Return Assured Capital Growth Rate of Return on Investment, is Partial Pool estimate of Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification, which, estimated on a partial Pool Basis, is of 3.56 % Per Annum, and implies Partial Pool Capital Growth of U.S.$ 146,562,500.00, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999. (Partial Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 146,562,500.00, which implies a Capital Growth Rate of 3.56 % Per Annum, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implies a Partial Pool Capital Growth of U.S.$ 143,709,566.22, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim is not expected, as on a Partial Pool Basis, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, Forecast Effective Capital Growth Rate of Return on Investment, 16.03 % Per Annum, per Item 8, is greater or equal to Partial Pool Positive Real Return Assured Capital Growth Rate, 3.56 % Per Annum, per Item 9, at a cost of U.S.$ 1,465,625.00, and a Gross Margin of U.S.$ 1,465,625.00, or 100.00 %, to Lloyds of London. 11. Partial Pool based Forecast Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, which is estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, on a Partial Pool basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, after any claim per Item 2. 12. Partial Pool based Forecast Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, which is estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009. Figure shown of U.S.$ 530,484,581.33, is Partial Pool Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. Their Future Value would be U.S.$ 1,093,382,382.65, at 22.40 % Per Annum, if continuously reinvested in identical new issues of Inter-American · Peru Trust, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. 13. Partial Pool based Forecast Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009, which is estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Partial Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 15, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 16, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 250,000,000 Partial Pool Percentage: 25.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 16, 1999 Partial Pool Gross Amount: U.S.$ 250,000,000.00 Placement General Services Commission Fee: 5.00 % 12,500,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 5,000,000.00 Net Funds Available for Investments: 232,500,000.00 Guaranteed Minimum Redemption Value at Maturity: 250,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 250,000,000.00 Redemption Date: September 16, 2009 Price and Price Discount: 49.9500 % 49.9500 % 50.0500 % Implied Annual Appreciation Rate to Redemption: 7.19 % Investment Amount: 124,875,000.00 Brockerage General Services Commission Fee: 1.00 % 1,248,750.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,560,937.50 Investment Cost: 127,684,687.50 Effective Total Annual Rate of Return on Investment: 6.95 % 122,315,312.50 Net Redemption Amount1: 250,000,000.00 Effective Total Cash Flow Return on Investment: 250,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 104,815,312.50 Brockerage General Services Commission Fee: 4.00 % 4,192,612.50 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,310,191.41 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 1,048,153.13 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 524,076.56 Net Funds Available for Application Investments: 97,740,278.91 Redemption Date: September 16, 2009 Application Investments Performance Forecast Effective Annual Appreciation Rate4: 25.50 % 759,480,495.91 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 34,987,552.44 Effective Net Annual Appreciation Rate of R.O.I. to Redemption 6: 24.25 % 759,457,010.41 Net Redemption Proceeds: 857,197,289.32 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 12.11 % 379,380,176.84 Effective Total Annual Rate of Return on Investment: 36.37 % 1,138,837,187.25 Effective Total Cash Flow Return on Investment: 1,236,577,466.16 Preliminary Subscribers Investment Performance Forecast Partial Pool Liquidation Amount: 1,107,197,289.32 Return of Capital Included in Liquidation Amount: 250,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 3.50 % 16.05 %02,649,690.16 857,197,289.32 Positive Real Return Assured Capital Growth Rate of R.O.I.9: TM 3.56 % 104,815,312.50 Lloyds of London Positive Real Return Assurance Claim 10: TM Effective Annual Capital Growth Rate of R.O.I.11: 16.05 % 857,197,289.32 Effective Annual Dividends Rate of R.O.I.12: 6.37 % 379,380,176.84 Effective Total Annual Rate of Return on Investment13: 22.42 % 1,236,577,466.16 Effective Total Cash Flow Return on Investment: 1,486,577,466.16 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 16, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 250,000,000 Partial Pool Percentage: 25.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 16, 1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity is Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return AssuranceTM By Lloyds of London, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate applied to Gross Funds Available for Investment in Inter-American · Peru FundTM, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments is increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equals or exceeds in value the greater of Gross Funds Available for Investment, at a rate of 3.56 % Per Annum, estimated on a Partial Pool basis, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, per Item 8, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM are all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd, at its Peru Rate. 4. Forecast Effective Annual Appreciation Rate applies to Partial Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre-existing, current, and future Pool Inter-American · Peru Fund Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applies to Partial Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, and Partial Pool Forecast, U.S.$ 34,987,552.44, Cumulative from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. Its value on Redemption Date is Forecast at U.S.$ 23,485.50. 6. Forecast Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applies to Investment in Partial Pool Inter- American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, and would set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Partial Pool Forecast Inter- American · Peru Fund Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. 7. Forecast Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applies to Partial Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, Partial Pool based Forecast Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, and Partial Pool Forecast Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. 8. Forecast Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, Partial Pool based Forecast Capital Growth Rate of Return on Investment, or Pool Subscribers Forecast Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, on a Partial Pool Basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, prior to any claim per Item 2. 9. Partial Pool based Positive Real Return Assured Capital Growth Rate of Return on Investment, is Partial Pool estimate of Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification, which, estimated on a partial Pool Basis, is of 3.56 % Per Annum, and implies Partial Pool Capital Growth of U.S.$ 104,815,312.50, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999. (Partial Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 104,815,312.50, which implies a Capital Growth Rate of 3.56 % Per Annum, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implies a Partial Pool Capital Growth of U.S.$ 102,649,690.16, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim is not expected, as on a Partial Pool Basis, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, Forecast Effective Capital Growth Rate of Return on Investment, 16.05 % Per Annum, per Item 8, is greater or equal to Partial Pool Positive Real Return Assured Capital Growth Rate, 3.56 % Per Annum, per Item 9, at a cost of U.S.$ 1,048,153.13, and a Gross Margin of U.S.$ 1,048,153.13, or 100.00 %, to Lloyds of London. 11. Partial Pool based Forecast Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, which is estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, on a Partial Pool basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, after any claim per Item 2. 12. Partial Pool based Forecast Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, which is estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009. Figure shown of U.S.$ 379,380,176.84, is Partial Pool Cumulative Dividends, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. Their Future Value would be U.S.$ 782,383,514.20, at 22.42 % Per Annum, if continuously reinvested in identical new issues of Inter-American · Peru Trust, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. 13. Partial Pool based Forecast Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009, which is estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Partial Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 16, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 16, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 17, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 220,000,000 Partial Pool Percentage: 22.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 17, 1999 Partial Pool Gross Amount: U.S.$ 220,000,000.00 Placement General Services Commission Fee: 5.00 % 11,000,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 4,400,000.00 Net Funds Available for Investments: 204,600,000.00 Guaranteed Minimum Redemption Value at Maturity: 220,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 220,000,000.00 Redemption Date: September 17, 2009 Price and Price Discount: 49.8500 % 49.8500 % 50.1500 % Implied Annual Appreciation Rate to Redemption: 7.21 % Investment Amount: 109,670,000.00 Brockerage General Services Commission Fee: 1.00 % 1,096,700.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,370,875.00 Investment Cost: 112,137,575.00 Effective Total Annual Rate of Return on Investment: 6.97 % 107,862,425.00 Net Redemption Amount1: 220,000,000.00 Effective Total Cash Flow Return on Investment: 220,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 92,462,425.00 Brockerage General Services Commission Fee: 4.00 % 3,698,497.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,155,780.31 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 924,624.25 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 462,312.13 Net Funds Available for Application Investments: 86,221,211.31 Redemption Date: September 17, 2009 Application Investments Performance Forecast Effective Annual Appreciation Rate4: 25.50 % 669,972,799.94 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 30,864,134.89 Effective Net Annual Appreciation Rate of R.O.I. to Redemption 6: 24.25 % 669,952,082.29 Net Redemption Proceeds: 756,173,293.61 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 12.11 % 334,668,764.62 Effective Total Annual Rate of Return on Investment: 36.37 % 1,004,620,846.92 Effective Total Cash Flow Return on Investment: 1,090,842,058.23 Preliminary Subscribers Investment Performance Forecast Partial Pool Liquidation Amount: 976,173,293.61 Return of Capital Included in Liquidation Amount: 220,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 3.50 % 16.07 %90,331,727.34 756,173,293.61 Positive Real Return Assured Capital Growth Rate of R.O.I.9: TM 3.57 % 92,462,425.00 Lloyds of London Positive Real Return Assurance Claim 10: TM Effective Annual Capital Growth Rate of R.O.I.11: 16.07 % 756,173,293.61 Effective Annual Dividends Rate of R.O.I.12: 6.38 % 334,668,764.62 Effective Total Annual Rate of Return on Investment13: 22.45 % 1,090,842,058.23 Effective Total Cash Flow Return on Investment: 1,310,842,058.23 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 17, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 220,000,000 Partial Pool Percentage: 22.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 17, 1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity is Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return AssuranceTM By Lloyds of London, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate applied to Gross Funds Available for Investment in Inter-American · Peru FundTM, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments is increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equals or exceeds in value the greater of Gross Funds Available for Investment, at a rate of 3.57 % Per Annum, estimated on a Partial Pool basis, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, per Item 8, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM are all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd, at its Peru Rate. 4. Forecast Effective Annual Appreciation Rate applies to Partial Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre-existing, current, and future Pool Inter-American · Peru Fund Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applies to Partial Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, and Partial Pool Forecast, U.S.$ 30,864,134.89, Cumulative from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. Its value on Redemption Date is Forecast at U.S.$ 20,717.64. 6. Forecast Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applies to Investment in Partial Pool Inter- American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, and would set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Partial Pool Forecast Inter- American · Peru Fund Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. 7. Forecast Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applies to Partial Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, Partial Pool based Forecast Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, and Partial Pool Forecast Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. 8. Forecast Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, Partial Pool based Forecast Capital Growth Rate of Return on Investment, or Pool Subscribers Forecast Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, on a Partial Pool Basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, prior to any claim per Item 2. 9. Partial Pool based Positive Real Return Assured Capital Growth Rate of Return on Investment, is Partial Pool estimate of Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification, which, estimated on a partial Pool Basis, is of 3.57 % Per Annum, and implies Partial Pool Capital Growth of U.S.$ 92,462,425.00, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999. (Partial Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 92,462,425.00, which implies a Capital Growth Rate of 3.57 % Per Annum, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implies a Partial Pool Capital Growth of U.S.$ 90,331,727.34, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim is not expected, as on a Partial Pool Basis, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, Forecast Effective Capital Growth Rate of Return on Investment, 16.07 % Per Annum, per Item 8, is greater or equal to Partial Pool Positive Real Return Assured Capital Growth Rate, 3.57 % Per Annum, per Item 9, at a cost of U.S.$ 924,624.25, and a Gross Margin of U.S.$ 924,624.25, or 100.00 %, to Lloyds of London. 11. Partial Pool based Forecast Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, which is estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, on a Partial Pool basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, after any claim per Item 2. 12. Partial Pool based Forecast Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, which is estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009. Figure shown of U.S.$ 334,668,764.62, is Partial Pool Cumulative Dividends, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. Their Future Value would be U.S.$ 690,957,415.70, at 22.45 % Per Annum, if continuously reinvested in identical new issues of Inter-American · Peru Trust, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. 13. Partial Pool based Forecast Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009, which is estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Partial Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 17, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 17, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 18, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 180,000,000 Partial Pool Percentage: 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 18, 1999 Partial Pool Gross Amount: U.S.$ 180,000,000.00 Placement General Services Commission Fee: 5.00 % 9,000,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 3,600,000.00 Net Funds Available for Investments: 167,400,000.00 Guaranteed Minimum Redemption Value at Maturity: 180,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 180,000,000.00 Redemption Date: September 18, 2009 Price and Price Discount: 49.8100 % 49.8100 % 50.1900 % Implied Annual Appreciation Rate to Redemption: 7.22 % Investment Amount: 89,658,000.00 Brockerage General Services Commission Fee: 1.00 % 896,580.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 1,120,725.00 Investment Cost: 91,675,305.00 Effective Total Annual Rate of Return on Investment: 6.98 % 88,324,695.00 Net Redemption Amount1: 180,000,000.00 Effective Total Cash Flow Return on Investment: 180,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 75,724,695.00 Brockerage General Services Commission Fee: 4.00 % 3,028,987.80 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 946,558.69 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 757,246.95 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 378,623.48 Net Funds Available for Application Investments: 70,613,278.09 Redemption Date: September 18, 2009 Application Investments Performance Forecast Effective Annual Appreciation Rate4: 25.50 % 548,693,006.20 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 25,277,048.50 Effective Net Annual Appreciation Rate of R.O.I. to Redemption 6: 24.25 % 548,676,038.90 Net Redemption Proceeds: 619,289,316.99 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 12.11 % 274,086,366.73 Effective Total Annual Rate of Return on Investment: 36.37 % 822,762,405.63 Effective Total Cash Flow Return on Investment: 893,375,683.72 Preliminary Subscribers Investment Performance Forecast Partial Pool Liquidation Amount: 799,289,316.99 Return of Capital Included in Liquidation Amount: 180,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 3.50 % 16.08 %73,907,776.91 619,289,316.99 Positive Real Return Assured Capital Growth Rate of R.O.I.9: TM 3.57 % 75,724,695.00 Lloyds of London Positive Real Return Assurance Claim 10: TM Effective Annual Capital Growth Rate of R.O.I.11: 16.08 % 619,289,316.99 Effective Annual Dividends Rate of R.O.I.12: 6.39 % 274,086,366.73 Effective Total Annual Rate of Return on Investment13: 22.46 % 893,375,683.72 Effective Total Cash Flow Return on Investment: 1,073,375,683.72 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 PARTIAL INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM PARTIAL POOL INVESTMENT REPORT September 18, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 180,000,000 Partial Pool Percentage: 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 Partial Pool Investment Date: September 18, 1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity is Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return AssuranceTM By Lloyds of London, is Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate applied to Gross Funds Available for Investment in Inter-American · Peru FundTM, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments is increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equals or exceeds in value the greater of Gross Funds Available for Investment, at a rate of 3.57 % Per Annum, estimated on a Partial Pool basis, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, per Item 8, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM are all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd, at its Peru Rate. 4. Forecast Effective Annual Appreciation Rate applies to Partial Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre-existing, current, and future Pool Inter-American · Peru Fund Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applies to Partial Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and Partial Pool Forecast, U.S.$ 25,277,048.50, Cumulative from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Its value on Redemption Date is Forecast at U.S.$ 16,967.30. 6. Forecast Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applies to Investment in Partial Pool Inter- American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and would set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Partial Pool Forecast Inter- American · Peru Fund Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 7. Forecast Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applies to Partial Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, Partial Pool based Forecast Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, and Partial Pool Forecast Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 8. Forecast Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, Partial Pool based Forecast Capital Growth Rate of Return on Investment, or Pool Subscribers Forecast Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, on a Partial Pool Basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, prior to any claim per Item 2. 9. Partial Pool based Positive Real Return Assured Capital Growth Rate of Return on Investment, is Partial Pool estimate of Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification, which, estimated on a partial Pool Basis, is of 3.57 % Per Annum, and implies Partial Pool Capital Growth of U.S.$ 75,724,695.00, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999. (Partial Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 75,724,695.00, which implies a Capital Growth Rate of 3.57 % Per Annum, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implies a Partial Pool Capital Growth of U.S.$ 73,907,776.91, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim is not expected, as on a Partial Pool Basis, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, Forecast Effective Capital Growth Rate of Return on Investment, 16.08 % Per Annum, per Item 8, is greater or equal to Partial Pool Positive Real Return Assured Capital Growth Rate, 3.57 % Per Annum, per Item 9, at a cost of U.S.$ 757,246.95, and a Gross Margin of U.S.$ 757,246.95, or 100.00 %, to Lloyds of London. 11. Partial Pool based Forecast Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, on a Partial Pool basis, and Partial Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, after any claim per Item 2. 12. Partial Pool based Forecast Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009. Figure shown of U.S.$ 274,086,366.73, is Partial Pool Cumulative Dividends, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Their Future Value would be U.S.$ 566,134,712.94, at 22.46 % Per Annum, if continuously reinvested in identical new issues of Inter-American · Peru Trust, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 13. Partial Pool based Forecast Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Partial Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 18, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 CONSOLIDATED INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM CONSOLIDATED POOL INVESTMENT REPORT September 18, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000250,000,000220,000,000180,000,000 Partial Pool Percentages: 35.00 % 25.00 % 22.00 % 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 Partial Pool Investment Dates: 9-15-1999 9-16-1999 9-17-1999 9-18-1999 Pool Gross Amount: U.S.$ 1,000,000,000.00 Placement General Services Commission Fee: 5.00 % 50,000,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 20,000,000.00 Net Funds Available for Investments: 930,000,000.00 Guaranteed Minimum Redemption Value at Maturity: 1,000,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 350,000,000.00 250,000,000.00 220,000,000.00 180,000,000.00 1,000,000,000.00 Redemption Dates: 9-15-2009 9-16-2009 9-17-2009 9-18-2009 Price and Price Discount: 49.9203 % 50.0797 % Implied Annual Appreciation Rate to Redemption: 7.19 % Investment Amount: 499,203,000.00 Brockerage General Services Commission Fee: 1.00 % 4,992,030.00 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 6,240,037.50 Investment Cost: 510,435,067.50 Effective Total Annual Rate of Return on Investment: 6.96 % 489,564,932.50 Net Redemption Amount1: 1,000,000,000.00 Effective Total Cash Flow Return on Investment: 1,000,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 419,564,932.50 Brockerage General Services Commission Fee: 4.00 % 16,782,597.30 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 5,244,561.66 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 4,195,649.33 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 2,097,824.66 Net Funds Available for Application Investments: 391,244,299.56 Redemption Dates: 9-15-2009 9-16-2009 9-17-2009 9-18-2009 Application Investments Performance Forecast Effective Annual Appreciation Rate4: 25.50 % 3,040,122,434.42 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 140,051,579.55 Effective Net Annual Appreciation Rate of R.O.I. to Redemption 6: 24.25 % 3,040,028,424.37 Net Redemption Proceeds: 3,431,272,723.92 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 12.12 % 1,518,619,889.52 Effective Total Annual Rate of Return on Investment: 36.37 % 4,558,648,313.89 Effective Total Cash Flow Return on Investment: 4,949,892,613.45 Subscribers Investment Performance Forecast Pool Liquidation Amount: 4,431,272,723.92 Return of Capital Included in Liquidation Amount: 1,000,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 3.50 % 16.05 % 10,598,760.62 3,431,272,723.92 Positive Real Return Assured Capital Growth Rate of R.O.I.9: TM 3.57 % 419,564,932.50 Lloyds of London Positive Real Return Assurance Claim 10: TM Effective Annual Capital Growth Rate of R.O.I.11: 16.05 % 3,431,272,723.92 Effective Annual Dividends Rate of R.O.I.12: 6.38 % 1,518,619,889.52 Effective Total Annual Rate of Return on Investment13: 22.43 % 4,949,892,613.45 Effective Total Cash Flow Return on Investment: 5,949,892,613.45 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 CONSOLIDATED INVESTMENT REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM CONSOLIDATED POOL INVESTMENT REPORT September 18, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000250,000,000220,000,000180,000,000 Partial Pool Percentages: 35.00 % 25.00 % 22.00 % 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 Partial Pool Investment Dates: 9-15-1999 9-16-1999 9-17-1999 9-18-1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity is Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return AssuranceTM By Lloyds of London, is Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate applied to Gross Funds Available for Investment in Inter-American · Peru FundTM, U.S.$ 419,564,932.50, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments, U.S.$ 391,244,299.56, is increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equals or exceeds in value the greater of Gross Funds Available for Investment, U.S.$ 419,564,932.50, at a Pool rate of 3.57 %, expected U.S. inflation, U.S.$ 410,598,760.62, at a rate of 3.50 %, per our Forecast Effective U.S. Inflation Rate, per Item 8, from Subscription Opening Date, September 15, 1999, through Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM are all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd, at its Peru Rate. 4. Forecast Effective Annual Appreciation Rate applies to Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre-existing and future Pool Inter-American · Peru Fund Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter- American · Peru Fund Common Stock Redemption Date, September 18, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applies to Partial Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and Pool Forecast, U.S.$ 140,051,579.55, Cumulative from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Its value on Redemption Dates is Forecast at U.S.$ 94,010.05, in total. 6. Forecast Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applies to Investment in Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and would set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Pool Forecast Inter-American · Peru FundTM Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 7. Forecast Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applies to Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, Pool Forecast Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, and Pool Forecast Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter- American · Peru Fund Common Stock Redemption Date, September 18, 2009. 8. Forecast Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, Pool Forecast Capital Growth Rate of Return on Investment, or Pool Subscribers Forecast Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, and Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, prior to any claim per Item 2. 9. Pool Positive Real Return Assured Capital Growth Rate of Return on Investment, is Pool estimate of Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification, of 3.57 % Per Annum, which implies Pool Capital Growth of U.S.$ 419,564,932.50, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, will appear in the Investment Pool Wall Street Journal toombstone on September 21, 1999. (Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 419,564,932.50, which implies a Capital Growth Rate of 3.57 % Per Annum, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implies a Pool Capital Growth of U.S.$ 410,598,760.62, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim is not expected, as from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, Pool Forecast Effective Capital Growth Rate of Return on Investment, 16.05 % Per Annum, per Item 8, is greater or equal to Pool Positive Real Return Assured Capital Growth Rate, 3.57 % Per Annum, per Item 9, at a cost of U.S.$ 4,195,649.33, and a Gross Margin of U.S.$ 4,195,649.33, or 100.00 %, to Lloyds of London. 11. Pool Forecast Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Pool Forecast Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, after any claim per Item 2. 12. Pool Forecast Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009. Figure shown of U.S.$ 1,518,619,889.52, is Pool Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Their Future Value would be U.S.$ 3,132,853,187.41, at 22.43 % Per Annum, if continuously reinvested in identical new issues of Inter- American · Peru Trust, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 13. Pool Forecast Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which is estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 INVESTMENT PERFORMANCE REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM POOL INVESTMENT PERFORMANCE REPORT September 18, 2009 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000250,000,000220,000,000180,000,000 Partial Pool Percentages: 35.00 % 25.00 % 22.00 % 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 Partial Pool Investment Dates: 9-15-1999 9-16-1999 9-17-1999 9-18-1999 Pool Gross Amount: U.S.$ 1,000,000,000.00 Placement General Services Commission Fee: 5.00 % 50,000,000.00 Core Intellectual Property Usage Rights Royalty Fee: 2.00 % 20,000,000.00 Net Funds Available for Investments: 930,000,000.00 Guaranteed Minimum Redemption Value at Maturity: 1,000,000,000.00 Investments U.S. Treasury Zero Coupon Bonds Required Aggregate Face Value: 350,000,000.00 250,000,000.00 220,000,000.00 180,000,000.00 1,000,000,000.00 Redemption Dates: 9-15-2009 9-16-2009 9-17-2009 9-18-2009 Price and Price Discount: 49.9203 % 50.0797 % Implied Annual Appreciation Rate to Redemption: 7.19 % Investment Amount: 499,203,000.00 Brockerage General Services Commission Fee: 1.00 % 4,992,030.00 Core Intellectual Property Usage Rights Royalty Fee: 6,240,037.50 Investment Cost: Expected Actual 510,435,067.50 Effective Total Annual Rate of Return on Investment: 6.96 % 6.96 % 489,564,932.50 Net Redemption Amount1: 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 Effective Total Cash Flow Return on Investment: 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 Inter-American · Peru Fund Common Stock Gross Funds Available for Investment: 419,564,932.50 Brockerage General Services Commission Fee: 4.00 % 16,782,597.30 Core Intellectual Property Usage Rights Royalty Fee: 1.25 % 5,244,561.66 Lloyds of London Positive Real Return Assurance Peru Rate2: TM 1.00 % 4,195,649.33 Target Country Political Risk Assurance Peru Rate3: TM 0.50 % 2,097,824.66 Net Funds Available for Application Investments: 391,244,299.56 Redemption Dates: 9-15-2009 9-16-2009 9-17-2009 9-18-2009 Application Investments Performance Expected Actual Effective Annual Appreciation Rate4: 25.50 % 26.40 % 3,294,291,362.58 Per Annum NAV DMF General Services Commission Fee5: 1.00 % 146,926,869.92 Effective Net Annual Appreciation Rate of R.O.I. to Redemption6: 25.14 % 3,294,190,389.00 Net Redemption Proceeds: Expected Actual 3,685,434,688.55 Effective Annual Dividends Rate and Rate of R.O.I.7: 9.75 % 9.37 % 11.73 % 1,536,341,159.83 Effective Total Annual Rate of Return on Investment: 36.87 % 4,830,531,548.83 Effective Total Cash Flow Return on Investment: 5,221,775,848.38 Subscribers Investment Performance Pool Liquidation Amount: 4,685,434,688.55 Return of Capital Included in Liquidation Amount: 1,000,000,000.00 Effective U.S. Inflation and Capital Growth Rate of R.O.I.8: 2.50 % 16.70 % 280,084,544.20 3,685,434,688.55 Positive Real Return Assured Capital Growth Rate of R.O.I.9: 3.57 % 419,564,932.50 Lloyds of London Positive Real Return Assurance Claim 10: TM Expected Actual Effective Annual Capital Growth Rate of R.O.I. 11: 16.05 % 16.70 % 3,685,434,688.55 Effective Annual Dividends Rate of R.O.I.12: 6.38 % 6.22 % 1,536,341,159.83 Effective Annual Total Rate of Return on Investment13: 22.43 % 22.92 % 5,221,775,848.38 Effective Total Cash Flow Return on Investment: 6,221,775,848.38 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 INVESTMENT PERFORMANCE REPORT Inter-American Development Capital Institute Peru Development Consortium Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM POOL INVESTMENT PERFORMANCE REPORT September 18, 2009 Investment Pool Size: U.S.$ 1,000,000,000.00 Special Issue No.: TM AAA-1000-1999-09-15 Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Maturity Date: September 18, 2009 Partial Pool Aggregate Shares: 350,000,000250,000,000220,000,000180,000,000 Partial Pool Percentages: 35.00 % 25.00 % 22.00 % 18.00 % Issue Subscription Price Per Share: U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 U.S.$ 1.00 Partial Pool Investment Dates: 9-15-1999 9-16-1999 9-17-1999 9-18-1999 1. Net Redemption Amount of U.S. Treasury Zero Coupon Bonds on Maturity was Contingent on the Full Faith and Credit of the U.S. Government. 2. Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London , is Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and its Peru Rate was applied to Gross Funds Available for Investment in Inter-American · Peru Fund TM, U.S.$ 419,564,932.50, to ensure that, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, value of Net Funds Available for Application Investments was increased sufficiently that Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equaled or exceeded in value the greater of Gross Funds Available for Investment, U.S.$ 419,564,932.50, at a Pool rate of 3.57 %, per Item 9, expected U.S. inflation, U.S.$ 410,598,760.62, at a rate of 3.50 %, per our Forecast Effective U.S. Inflation Rate from Subscription Opening Date, September15, 1999, to Special Issue Maturity Date, September 18, 2009, or actual U.S. inflation, U.S.$ 280,084,544.20, at the Actual Effective U.S. Inflation Rate, which was 2.50 % Per Annum, per Item 8, from Subscription Opening Date, September15, 1999, to Special Issue Maturity Date, September 18, 2009. 3. Inter-American · Peru FundTM Application InvestmentsTM were all in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target CountryTM Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd., at its Peru Rate. 4. Expected and Actual Effective Annual Appreciation Rate which applied to Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, combined with all pre- existing and subsequent Pool Application Investments Common Stock, while concurrent, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 5. NAV DMF General Services Commission Fee, of 1.00 % Per Annum, which applied to Pool Inter-American Peru Fund Application Investments Common Stock, and to other as in Item 4, as a Daily Management Fee (DMF) on Net Asset Value (NAV), from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and Pool Actual amount, U.S.$ 146,926,869.92, Cumulative from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Its value on Redemption Dates was U.S.$ 100,973.58, in total. 6. Actual Effective Net Annual Appreciation Rate of Return on Investment to Redemption, to Inter-American · Peru FundTM, which applied to Investment in Pool Inter-American · Peru FundTM Application InvestmentsTM Common Stock, with other as in Item 4, after NAV DMF General Services Commission Fees per Item 5, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, and set Effective Annual Appreciation Rate of Return on Investment to Redemption in Inter-American · Peru FundTM, to Inter-American · Peru TrustTM, at the same value, and Pool Actual Inter-American · Peru FundTM Application Investments Common Stock Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 7. Expected and Actual Effective Annual Dividends Rate, to Inter-American · Peru FundTM, which applied to Pool Inter-American · Peru FundTM Application Investments Common Stock, with other as in Item 4, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, Pool Actual Dividends Rate Impact on Effective Total Annual Rate of Return on Investment in Inter-American · Peru Fund, to Inter-American · Peru Trust, and Pool Actual Inter-American · Peru Fund Application Investments Common Stock Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 8. Actual Effective Annual U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009, versus our Forecast 3.50 % Per Annum, Pool Actual Capital Growth Rate of Return on Investment, or Pool Subscribers Actual Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, and Pool Actual Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, prior to any claim per Item2. 9. Pool Positive Real Return Assured Capital Growth Rate was Pool Subscribers Minimum Appreciation Rate of Return on Investment in Inter-American · Peru TrustTM, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, per Item 2. The Investment Pool Wall Street Journal toombstone of September 21, 1999, specified a Pool Minimum Effective Capital Growth Rate to Special Issue Maturity, of 3.57 % Per Annum, which implied Pool Capital Growth of U.S.$ 419,564,932.50, or of Actual Effective U.S. Inflation Rate to Special Issue Maturity Date, if greater, which was 2.50 % Per Annum, per Item 8, with Pool Capital Growth of U.S.$ 280,084,544.20, yielding, in practice, a Pool Minimum Capital Growth of U.S.$ 419,564,932.50. (Pool Gross Funds Available for Investment in Inter-American · Peru Fund was U.S.$ 419,564,932.50, which implied a Capital Growth Rate of 3.57 % Per Annum, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, versus Expected U.S. inflation, per our Forecast of 3.50 % Per Annum, per Item 8, which implied a Pool Capital Growth of U.S.$ 410,598,760.62, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity Date, September 18, 2009). 10. Pool Lloyds of London Positive Real Return Assurance Claim was not required, as from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, Pool Actual Effective Capital Growth Rate of Return on Investment, 16.70 % Per Annum, per Item 8, was greater or equal to Pool Positive Real Return Assured Capital Growth Rate, 3.57 % Per Annum, per Item 9, at a cost of U.S.$ 4,195,649.33, and a Gross Margin of U.S.$ 4,195,649.33, or 100.00 %, to Lloyds of London. 11. Pool Expected Effective Annual Capital Growth Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which was estimate of Pool Subscribers expected Appreciation Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, Pool Subscribers Actual Appreciation Rate of Return on Investment in Inter-American · Peru Trust, and Pool Actual Capital Appreciation, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, after any claim per Item 2. 12. Pool Expected Effective Annual Dividends Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which was estimate of Monthly Pass Through Dividends expected Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, and Actual Monthly Pass Through Dividends Impact on Pool Subscribers Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust. Pool Cumulative Dividends, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, were U.S.$ 1,536,341,159.83. Their Future Value would have been U.S.$ 3,190,152,560.47, at 22.92 % Per Annum, if continuously reinvested in identical new issues of Inter-American · Peru Trust, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. 13. Pool Expected Total Annual Rate of Return on Investment, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009, which was estimate of Pool Subscribers expected Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, from Subscription Closing Date, September 18, 1999, to Special Issue Maturity Date, September 18, 2009, Pool Subscribers Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, and Pool Net Cash Return to Subscribers, from Partial Pool Investment Date, September 15, 1999, to Partial Pool Inter-American · Peru Fund Common Stock Redemption Date, September 18, 2009. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 REDEMPTION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** REDEMPTION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0005001 Subscriptor: AFP Nueva Vida Unión, Adminis- tradora de Fondos de Pensiones. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States Address: Canaval y Moreyra 320. of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Lima 27, Lima, Peru, subject to regulation by the Comisión Nacional Peru. Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in Subscription Size in Shares: 10,000,000 connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 15, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 10,000,000.00 Subscription Guaranteed Minimum Redemption Value at Maturity: 10,000,000.00 Issue Redemption Value Per Pool Liquidation Proceeds: 46,854,346.89 Subscribers Investment Performance Return of Capital Included in Redemption Amount1: 10,000,000.00 Positive Real Return Assured Capital Growth Rate2: TM 3.57 % 4,195,649.33 Effective Annual Capital Growth Rate of Return on Investment 3: 16.70 % 36,854,346.89 Effective Annual Dividends Rate of Return on Investment 4: 6.22 % 15,363,411.60 Effective Total Annual Rate of Return on Investment5: 22.92 % 52,217,758.48 Effective Total Cash Flow Return on Investment6: 62,217,758.48 Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock. All Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Full Return of Capital in Redemption Amount at Special Issue TM Maturity Guarrantee, to Investment Pool Subscribers, as a Subscription Minimum Redemption Value, was Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and on any Pool Bonds Redemption Below Face Value, measure of Actual Return of Capital would have been determined only by Pool Bonds Redemption Value, and Pool Inter-American · Peru Fund Common Stock Appreciation to Redemption, and Redemption Value, on Special Issue Maturity, September 18, 2009.  ... 2. Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London, Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption, was applied to ensure that from Subscription Closing Date, September 18, 1999, to Special Issue Maturity, September 18, 2009, Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equaled or exceeded in value the greater of, Gross Funds Available for Investment in Inter-American · Peru Fund, after investment in U.S. Treasury Zero Coupon Bonds, at an implied rate of 3.57 % Per Annum, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification of 3.57 % Per Annum, or at the Actual Effective U.S. Inflation Rate to Special Issue Maturity, if greater, appeared in the Investment Pool Wall Street Journal toombstone on September 21, 1999. Actual Pool Minimum was 3.57 % Per Annum, with Capital Growth of U.S.$ 419,564,932.50, and Actual Minimum for this Subscription was 3.57 % Per Annum, with Capital Growth of U.S.$ 4,195,649.33, as Actual Effective U.S. Inflation Rate to Special Issue Maturity was 2.50 % Per Annum. 3. Investment Pool Subscribers Actual Effective Appreciation Rate of Return on Investment in Inter-American · Peru Trust, of 16.70 %, was 4.68 times greater than Pool Positive Real Return Assured Capital Growth Rate, 3.57 %, due to a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter- American · Peru Fund Common Stock Appreciation Rate to Redemption, 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009. Pool Actual Capital Growth, to Special Issue Maturity, was U.S.$ 3,685,434,688.55, and Subscription Actual Capital Growth was U.S.$ 36,854,346.89. 4. Investment Pool Subscribers Actual Monthly Pass Through DividendsTM Impact on Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru TrustTM, of 6.22 %, reflects the relative significance of Actual Monthly Pass Through Dividends, in the context of a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, 25.14 %, per Item 3, which determined Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, 22.92 %, per Item 5. Pool Actual Cumulative Dividends were U.S.$ 1,536,341,159.83. Their Present Value would have been U.S.$ 3,190,152,560.47, at 22.92 % Per Annum, had they been reinvested in identical new Special Issues of Inter-American · Peru Trust until Special Issue Maturity Date, September 18, 2009. Subscription Actual Cumulative Dividends were U.S.$ 15,363,411.60. Their Present Value would have been U.S.$ 31,901,525.60, at 22.92 % Per Annum, had they been reinvested in like manner. 5. Investment Pool Subscribers Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, of 22.92 %, reflects Actual Monthly Pass Through Dividends, with Pool Actual Cumulative Value, of U.S.$ 1,536,341,159.83, and an Impact of 6.22 %, per Item 4, a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, of 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009, with Pool Capital Growth of 16.70 %, per Item 3, and Pool Total Return Over Pool Capital, Long of Pool Capital, by U.S.$ 5,221,775,848.38, and Subscription Total Return Over Subscription Capital, Long of Subscription Capital, by U.S.$ 52,217,758.48. 6. Investment Pool Subscribers Effective Total Cash Flow Return on Investment, U.S.$ 6,221,775,848.38, consisting of Pool Liquidation Amount, U.S.$ 4,685,434,688.55, and Pool Cumulative Dividends, U.S.$ 1,536,341,159.83, per Item 4, is Tax Free, as is Subscription Effective Total Cash Flow Return on Investment, U.S.$ 62,217,758.48, consisting of Return of Capital Included in Redemption Amount, U.S.$ 10,000,000.00, per Item 1, Effective Subscription Capital Growth, U.S.$ 36,854,346.89, per Item 3, and Subscription Cumulative Dividends, U.S.$ 15,363,411.60, per Item 4. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 REDEMPTION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** REDEMPTION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0007011 Subscriptor: Deutsch Bank Omnibus National Retirement Plan. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States Address: Lufthausen 1. of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Berlin, Lima, Peru, subject to regulation by the Comisión Nacional Germany. Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in Subscription Size in Shares: 100,000,000 connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 16, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 100,000,000.00 Subscription Guaranteed Minimum Redemption Value at Maturity: 100,000,000.00 Issue Redemption Value Per Pool Liquidation Proceeds: 468,543,468.86 Subscribers Investment Performance Return of Capital Included in Redemption Amount1: 100,000,000.00 Positive Real Return Assured Capital Growth Rate2: 3.57 % 41,956,493.25 Effective Annual Capital Growth Rate of Return on Investment 3: 16.70 % 368,543,468.86 Effective Annual Dividends Rate of Return on Investment 4: 6.22 % 153,634,115.98 Effective Total Annual Rate of Return on Investment5: 22.92 % 522,177,584.84 Effective Total Cash Flow Return on Investment6: 622,177,584.84 Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock. All Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Full Return of Capital in Redemption Amount at Special Issue TM Maturity Guarrantee, to Investment Pool Subscribers, as a Subscription Minimum Redemption Value, was Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and on any Pool Bonds Redemption Below Face Value, measure of Actual Return of Capital would have been determined only by Pool Bonds Redemption Value, and Pool Inter-American · Peru Fund Common Stock Appreciation to Redemption, and Redemption Value, on Special Issue Maturity, September 18, 2009.  ... 2. Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London, Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption, was applied to ensure that from Subscription Closing Date, September 18, 1999, to Special Issue Maturity, September 18, 2009, Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equaled or exceeded in value the greater of, Gross Funds Available for Investment in Inter-American · Peru Fund, after investment in U.S. Treasury Zero Coupon Bonds, at an implied rate of 3.57 % Per Annum, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification of 3.57 % Per Annum, or at the Actual Effective U.S. Inflation Rate to Special Issue Maturity, if greater, appeared in the Investment Pool Wall Street Journal toombstone on September 21, 1999. Actual Pool Minimum was 3.57 % Per Annum, with Capital Growth of U.S.$ 419,564,932.50, and Actual Minimum for this Subscription was 3.57 % Per Annum, with Capital Growth of U.S.$ 41,956,493.25, as Actual Effective U.S. Inflation Rate to Special Issue Maturity was 2.50 % Per Annum. 3. Investment Pool Subscribers Actual Effective Appreciation Rate of Return on Investment in Inter-American · Peru Trust, of 16.70 %, was 4.68 times greater than Pool Positive Real Return Assured Capital Growth Rate, 3.57 %, due to a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter- American · Peru Fund Common Stock Appreciation Rate to Redemption, 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009. Pool Actual Capital Growth, to Special Issue Maturity, was U.S.$ 3,685,434,688.55, and Subscription Actual Capital Growth was U.S.$ 368,543,468.86. 4. Investment Pool Subscribers Actual Monthly Pass Through DividendsTM Impact on Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru TrustTM, of 6.22 %, reflects the relative significance of Actual Monthly Pass Through Dividends, in the context of a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, 25.14 %, per Item 3, which determined Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, 22.92 %, per Item 5. Pool Actual Cumulative Dividends were U.S.$ 1,536,341,159.83. Their Present Value would have been U.S.$ 3,190,152,560.47, at 22.92 % Per Annum, had they been reinvested in identical new Special Issues of Inter-American · Peru Trust until Special Issue Maturity Date, September 18, 2009. Subscription Actual Cumulative Dividends were U.S.$ 153,634,115.98. Their Present Value would have been U.S.$ 319,015,256.05, at 22.92 % Per Annum, had they been reinvested in like manner. 5. Investment Pool Subscribers Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, of 22.92 %, reflects Actual Monthly Pass Through Dividends, with Pool Actual Cumulative Value, of U.S.$ 1,536,341,159.83, and an Impact of 6.22 %, per Item 4, a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, of 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009, with Pool Capital Growth of 16.70 %, per Item 3, and Pool Total Return Over Pool Capital, Long of Pool Capital, by U.S.$ 5,221,775,848.38, and Subscription Total Return Over Subscription Capital, Long of Subscription Capital, by U.S.$ 522,177,584.84. 6. Investment Pool Subscribers Effective Total Cash Flow Return on Investment, U.S.$ 6,221,775,848.38, consisting of Pool Liquidation Amount, U.S.$ 4,685,434,688.55, and Pool Cumulative Dividends, U.S.$ 1,536,341,159.83, per Item 4, is Tax Free, as is Subscription Effective Total Cash Flow Return on Investment, U.S.$ 622,177,584.84, consisting of Return of Capital Included in Redemption Amount, U.S.$ 100,000,000.00, per Item 1, Effective Subscription Capital Growth, U.S.$ 368,543,468.86, per Item 3, and Subscription Cumulative Dividends, U.S.$ 153,634,115.98, per Item 4. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 REDEMPTION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** REDEMPTION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0009023 Subscriptor: The Prudential Insurance Co. of America. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States Address: One Prudential Way. of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in New York, NY 17767. Lima, Peru, subject to regulation by the Comisión Nacional U.S.A. Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in Subscription Size in Shares: 75,000,000 connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 17, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 75,000,000.00 Subscription Guaranteed Minimum Redemption Value at Maturity: 75,000,000.00 Issue Redemption Value Per Pool Liquidation Proceeds: 351,407,601.64 Subscribers Investment Performance Return of Capital Included in Redemption Amount1: 75,000,000.00 Positive Real Return Assured Capital Growth Rate2: 3.57 % 31,467,369.94 Effective Annual Capital Growth Rate of Return on Investment 3: 16.70 % 276,407,601.64 Effective Annual Dividends Rate of Return on Investment 4: 6.22 % 115,225,586.99 Effective Total Annual Rate of Return on Investment5: 22.92 % 391,633,188.63 Effective Total Cash Flow Return on Investment6: 466,633,188.63 Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock. All Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Full Return of Capital in Redemption Amount at Special Issue TM Maturity Guarrantee, to Investment Pool Subscribers, as a Subscription Minimum Redemption Value, was Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and on any Pool Bonds Redemption Below Face Value, measure of Actual Return of Capital would have been determined only by Pool Bonds Redemption Value, and Pool Inter-American · Peru Fund Common Stock Appreciation to Redemption, and Redemption Value, on Special Issue Maturity, September 18, 2009.  ... 2. Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London, Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption, was applied to ensure that from Subscription Closing Date, September 18, 1999, to Special Issue Maturity, September 18, 2009, Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equaled or exceeded in value the greater of, Gross Funds Available for Investment in Inter-American · Peru Fund, after investment in U.S. Treasury Zero Coupon Bonds, at an implied rate of 3.57 % Per Annum, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification of 3.57 % Per Annum, or at the Actual Effective U.S. Inflation Rate to Special Issue Maturity, if greater, appeared in the Investment Pool Wall Street Journal toombstone on September 21, 1999. Actual Pool Minimum was 3.57 % Per Annum, with Capital Growth of U.S.$ 419,564,932.50, and Actual Minimum for this Subscription was 3.57 % Per Annum, with Capital Growth of U.S.$ 31,467,369.94, as Actual Effective U.S. Inflation Rate to Special Issue Maturity was 2.50 % Per Annum. 3. Investment Pool Subscribers Actual Effective Appreciation Rate of Return on Investment in Inter-American · Peru Trust, of 16.70 %, was 4.68 times greater than Pool Positive Real Return Assured Capital Growth Rate, 3.57 %, due to a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter- American · Peru Fund Common Stock Appreciation Rate to Redemption, 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009. Pool Actual Capital Growth, to Special Issue Maturity, was U.S.$ 3,685,434,688.55, and Subscription Actual Capital Growth was U.S.$ 276,407,601.64. 4. Investment Pool Subscribers Actual Monthly Pass Through DividendsTM Impact on Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru TrustTM, of 6.22 %, reflects the relative significance of Actual Monthly Pass Through Dividends, in the context of a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, 25.14 %, per Item 3, which determined Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, 22.92 %, per Item 5. Pool Actual Cumulative Dividends were U.S.$ 1,536,341,159.83. Their Present Value would have been U.S.$ 3,190,152,560.47, at 22.92 % Per Annum, had they been reinvested in identical new Special Issues of Inter-American · Peru Trust until Special Issue Maturity Date, September 18, 2009. Subscription Actual Cumulative Dividends were U.S.$ 115,225,586.99. Their Present Value would have been U.S.$ 239,261,442.04, at 22.92 % Per Annum, had they been reinvested in like manner. 5. Investment Pool Subscribers Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, of 22.92 %, reflects Actual Monthly Pass Through Dividends, with Pool Actual Cumulative Value, of U.S.$ 1,536,341,159.83, and an Impact of 6.22 %, per Item 4, a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, of 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009, with Pool Capital Growth of 16.70 %, per Item 3, and Pool Total Return Over Pool Capital, Long of Pool Capital, by U.S.$ 5,221,775,848.38, and Subscription Total Return Over Subscription Capital, Long of Subscription Capital, by U.S.$ 391,633,188.63. 6. Investment Pool Subscribers Effective Total Cash Flow Return on Investment, U.S.$ 6,221,775,848.38, consisting of Pool Liquidation Amount, U.S.$ 4,685,434,688.55, and Pool Cumulative Dividends, U.S.$ 1,536,341,159.83, per Item 4, is Tax Free, as is Subscription Effective Total Cash Flow Return on Investment, U.S.$ 466,633,188.63, consisting of Return of Capital Included in Redemption Amount, U.S.$ 75,000,000.00, per Item 1, Effective Subscription Capital Growth, U.S.$ 276,407,601.64, per Item 3, and Subscription Cumulative Dividends, U.S.$ 115,225,586.99, per Item 4. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 REDEMPTION CERTIFICATE Inter-American Development Capital Institute Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as OneTM" Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) "Sustainable Development, Peace, and ProsperityTM" ** Tax Free ** U.S.$ 1,000,000,000 Investment Pool Funded by Special Issue No. AAA-1000-1999-09-15, Comprised of 1,000,000,000 Negotiable Shares ** Non Voting ** Placed at U.S.$ 1.00 Per Share With a Minimum Placement Block Size of 10 Shares ** REDEMPTION CERTIFICATE ** Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM Participation Certificate No.: AAA-1000-1999-09-15-0073982 Subscriptor: Peter T. Fly, Esquire. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States Address: 1 Humble Street. of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Christian City, Sursum 3210 Lima, Peru, subject to regulation by the Comisión Nacional Corda. Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in Subscription Size in Shares: 10 connection only with the Formulation of, and the provision of Special Support for, Select Development ProjectsTM in Peru, Issue Subscription Opening Date: September 15, 1999 committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter- Subscription Date: September 18, 1999 American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America, Issue Subscription Closing Date: September 18, 1999 which it administers with Special Support by Inter-American Development Capital InstituteTM. Issue Term in Years: 10 Issue Maturity Date: September 18, 2009 U.S.$ Issue Subscription Price Per Share: 1.00 Subscription Price Total: 10.00 Subscription Guaranteed Minimum Redemption Value at Maturity: 10.00 Issue Redemption Value Per Pool Liquidation Proceeds: 46.85 Subscribers Investment Performance Return of Capital Included in Redemption Amount1: 10.00 Positive Real Return Assured Capital Growth Rate2: 3.57 % 4.20 Effective Annual Capital Growth Rate of Return on Investment 3: 16.70 % 36.85 Effective Annual Dividends Rate of Return on Investment 4: 6.22 % 15.36 Effective Total Annual Rate of Return on Investment5: 22.92 % 52.22 Effective Total Cash Flow Return on Investment6: 62.22 Inter-American · Peru TrustTM Investment Pool Portfolios consist only of U.S. Treasury Zero Coupon Bonds and Inter-American · Peru FundTM Common Stock. All Inter-American · Peru FundTM investments are Application InvestmentsTM in Select Development ProjectsTM Common Stock, and all Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd. Inter-American · Peru TrustTM enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. 1. Full Return of Capital in Redemption Amount at Special Issue TM Maturity Guarrantee, to Investment Pool Subscribers, as a Subscription Minimum Redemption Value, was Contingent on the Full Faith and Credit of the U.S. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption at Face Value on Maturity, and on any Pool Bonds Redemption Below Face Value, measure of Actual Return of Capital would have been determined only by Pool Bonds Redemption Value, and Pool Inter-American · Peru Fund Common Stock Appreciation to Redemption, and Redemption Value, on Special Issue Maturity, September 18, 2009.  ... 2. Post-Issuance-Defined-Minimum Positive Real Return Assurance TM By Lloyds of London, Contingent on the Full Faith and Credit of the US. Government in respect of Pool U.S. Treasury Zero Coupon Bonds Redemption, was applied to ensure that from Subscription Closing Date, September 18, 1999, to Special Issue Maturity, September 18, 2009, Capital Growth of the Investment Pool Gross Amount, U.S.$ 1,000,000,000.00, equaled or exceeded in value the greater of, Gross Funds Available for Investment in Inter-American · Peru Fund, after investment in U.S. Treasury Zero Coupon Bonds, at an implied rate of 3.57 % Per Annum, expected U.S. inflation, at a rate of 3.50 % Per Annum, per our Forecast Effective U.S. Inflation Rate, from Subscription Opening Date, September 15, 1999, to Special Issue Maturity, or actual U.S. inflation, at the Actual Effective U.S. Inflation Rate from Subscription Opening Date to Special Issue Maturity. A Pool Minimum Effective Capital Growth Rate to Special Issue Maturity specification of 3.57 % Per Annum, or at the Actual Effective U.S. Inflation Rate to Special Issue Maturity, if greater, appeared in the Investment Pool Wall Street Journal toombstone on September 21, 1999. Actual Pool Minimum was 3.57 % Per Annum, with Capital Growth of U.S.$ 419,564,932.50, and Actual Minimum for this Subscription was 3.57 % Per Annum, with Capital Growth of U.S.$ 4.20, as Actual Effective U.S. Inflation Rate to Special Issue Maturity was 2.50 % Per Annum. 3. Investment Pool Subscribers Actual Effective Appreciation Rate of Return on Investment in Inter-American · Peru Trust, of 16.70 %, was 4.68 times greater than Pool Positive Real Return Assured Capital Growth Rate, 3.57 %, due to a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter- American · Peru Fund Common Stock Appreciation Rate to Redemption, 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009. Pool Actual Capital Growth, to Special Issue Maturity, was U.S.$ 3,685,434,688.55, and Subscription Actual Capital Growth was U.S.$ 36.85. 4. Investment Pool Subscribers Actual Monthly Pass Through DividendsTM Impact on Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru TrustTM, of 6.22 %, reflects the relative significance of Actual Monthly Pass Through Dividends, in the context of a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, 25.14 %, per Item 3, which determined Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, 22.92 %, per Item 5. Pool Actual Cumulative Dividends were U.S.$ 1,536,341,159.83. Their Present Value would have been U.S.$ 3,190,152,560.47, at 22.92 % Per Annum, had they been reinvested in identical new Special Issues of Inter-American · Peru Trust until Special Issue Maturity Date, September 18, 2009. Subscription Actual Cumulative Dividends were U.S.$ 15.36. Their Present Value would have been U.S.$ 31.90, at 22.92 % Per Annum, had they been reinvested in like manner. 5. Investment Pool Subscribers Actual Effective Total Annual Rate of Return on Investment in Inter-American · Peru Trust, of 22.92 %, reflects Actual Monthly Pass Through Dividends, with Pool Actual Cumulative Value, of U.S.$ 1,536,341,159.83, and an Impact of 6.22 %, per Item 4, a below average Pool Zero Coupon Bonds Purchase Price, of 49.9203 %, substantially leveraging the excellent Inter-American · Peru Fund Common Stock Appreciation to Redemption, of 25.14 %, and Pool Inter-American · Peru Fund Common Stock Redemption Value, U.S.$ 3,685,434,688.55, on Special Issue Maturity, September 18, 2009, with Pool Capital Growth of 16.70 %, per Item 3, and Pool Total Return Over Pool Capital, Long of Pool Capital, by U.S.$ 5,221,775,848.38, and Subscription Total Return Over Subscription Capital, Long of Subscription Capital, by U.S.$ 52.22. 6. Investment Pool Subscribers Effective Total Cash Flow Return on Investment, U.S.$ 6,221,775,848.38, consisting of Pool Liquidation Amount, U.S.$ 4,685,434,688.55, and Pool Cumulative Dividends, U.S.$ 1,536,341,159.83, per Item 4, is Tax Free, as is Subscription Effective Total Cash Flow Return on Investment, U.S.$ 62.22, consisting of Return of Capital Included in Redemption Amount, U.S.$ 10.00, per Item 1, Effective Subscription Capital Growth, U.S.$ 36.85, per Item 3, and Subscription Cumulative Dividends, U.S.$ 15.36, per Item 4. Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 CONSORTIUM FINANCIALS "A Partnership for Development with the United States of America TM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Tax Free Negotiable Non Voting Investment Pool Size: U.S.$ 1,000,000,000.00 Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 CUMULATIVE REVENUES U.S.$ Standard I-A Country Trust and Country Fund Special Support Agreement TM 1 Fixed General Services Commission FeesTM 2 Consortium From Inter-American · Peru Trust 54,992,030.00 54,992,030.00 From Inter-American · Peru Fund 163,709,467.22 163,709,467.22 218,701,497.22 218,701,497.22 Fixed Core Intellectual Property Usage Rights Royalty Fees TM 3 From Inter-American · Peru Trust 26,240,037.50 26,240,037.50 From Inter-American · Peru Fund 5,244,561.66 5,244,561.66 31,484,599.16 31,484,599.16 250,186,096.37 CUMULATIVE EXPENSES Standard Autonomous Development Consortium Operating Agreement TM 4 To Strategic Members as Fixed Commission Fees for Specific Administrative Services: 5 67.00 % 218,701,497.22 (146,530,003.14) (146,530,003.14) Standard Development Consortium Special Support Agreement TM 6 To I-ADCI as Fixed General Services Commission Fees: 7 33.00 % 218,701,497.22 (72,171,494.08) (72,171,494.08) 100.00 % (218,701,497.22) (218,701,497.22) To I-ADCI as Fixed Core Intellectual Property Usage Rights Royalty Fees : TM 8 100.00 % 31,484,599.16 (31,484,599.16) (31,484,599.16) (250,186,096.37) CUMULATIVE CONTRIBUTION TO FIXED COSTS AND PROFIT 0.00 CUMULATIVE FIXED COSTS Standard Autonomous Development Consortium Operating Agreement TM 4 Consortium Office Facility Owned, Price to Monthly Rent Ratio, and Inflation Rate: 9 No 120 6.00 % Purchased, and Mortgaged. Use Term, Lease Term, Footage, and per Foot Monthly Amount: 10 25 25 5,000 2.50 0.00 Use Term, Mortgage Term, Mortgage Rate, and Salvage Rate: 11 25 15 12.50 % 25.00 % 18,487.83 (2,218,539.75) (103,276.89) Office F&E Owned, Price to Monthly Rent Ratio, and Inflation Rate: 12 Yes 40 (5.00)% Sold, and Leased Back. Use Term, Lease Term, and Monthly Rent Amount: 13 5 5 3,000.00 3,000.00 (274,463.93) (12,776.77) Use Term, Mortgage Term, Mortgage Rate, and Salvage Rate: 14 5 3 15.00 % 20.00 % 0.00 Office Utilities & MS Inflation Rate and Monthly Amount: 15 4.50 % 7,500.00 (1,105,938.84) (51,483.38) Advertising & PR Inflation Rate and Monthly Program Amount: 16 6.50 % 10,000.00 (1,619,330.71) (75,382.67) Office Staff Inflation Rate, Premium, and Monthly Payroll Amount: 17 11.00 % 5.00 % 10,000.00 (2,628,484.05) (122,360.51) Extraordinary Expenditures Inflation Rate and Monthly Amount: 18 7.00 % 2,000.00 (331,594.75) (15,436.31) Initial Outstanding Special IssuesTM Combined Face Amount: 19 10,000,000,000.00 Combined Special IssuesTM Face Amount Net Growth Rate and Net Growth: 20 15.00 % 30,455,577,357.08 Final Outstanding Special IssuesTM Combined Face Amount and Cumulative Fixed Costs: 21 40,455,577,357.08 (8,178,352.03) (380,716.54) Special IssueTM Face Amount and Corresponding Cumulative Fixed Costs: 22 1,000,000,000.00 (8,178,352.03) (380,716.54) (380,716.54) CUMULATIVE LOSS CAPITAL CALLS 8,178,352.03 380,716.54 380,716.54 CUMULATIVE INFLATION CAPITAL CALLS Consortium Peru Inflation Rate Applied to Consortium Capital on Inflation Capital Calls: 23 4.50 % 10,000,000.00 5,529,694.22 Peru Inflation Rate Applied to Special IssueTM Capital on Inflation Capital Calls: 24 4.50 % 1,000,000.00 552,969.42 552,969.42 CUMULATIVE GROWTH CAPITAL CALLS Capital Growth Index and Consortium Capital Net Growth Rate: 25 95.00 % 14.25 % 15,529,694.22 43,317,395.80 Capital Growth Index and Special IssueTM Capital Net Growth Rate: 26 0.00 % 0.00 % 1,552,969.42 0.00 0.00 In Special IssuesTM Capital Growth Adjustment to Calls: 27 (45,402,318.92) (1,875,905.70) (1,875,905.70) CUMULATIVE COMBINED CAPITAL CALLS 11,623,123.13 (942,219.74) (942,219.74) CUMULATIVE FINANCIAL EFFECTIVENESS Cumulative Fees to Strategic Members and I-ADCI: 28 In Special IssuesTM Consortium 250,186,096.37 Initial Capital on Subscription Closing Date: 29 P.A. 10,000,000.00 P.A. 10,000,000.00 P.A. 1,000,000.00 (1,000,000.00) Final Capital on Special IssueTM Maturity Date: 30 18.50 % 58,847,090.02 19.39 % 58,847,090.02 4.50 % 1,552,969.42 1,875,905.70 Cumulative Inflation Capital Calls and Adjusted Growth Capital Calls: 31 3.00 % 3,444,771.10 (1,322,936.27) Cumulative Loss Capital Calls and Special Issue TM Cumulative Combined Calls: 32 6.16 % 8,178,352.03 3.28 % 380,716.54 942,219.74 Cumulative Combined Calls and Net Capital Return to Strategic Members and I-ADCI: 33 8.02 % 11,623,123.13 (24.81)% (942,219.74) 252,004,221.81 Initial Outstanding Special IssuesTM Combined Face Amount: 19 10,000,000,000.00 1,000,000,000.00 Final Outstanding Special IssuesTM Combined Face Amount: 21 15.00 % 40,455,577,357.08 0.00 % 1,000,000,000.00 Cumulative Fixed Costs Per Million Face Value: 34 53.05 350.26 202.16 53.05 380.72 380.72 252,004,221.81 Marginal Implied IRR, Marginal Gross Return Index, and Marginal Net Return Index: 35 1,138.76 % 13.67 12.67 252,004,221.81 Relative Implied IRR, Relative Gross Return Index, and Relative Net Return Index: 36 10,695.10 % 4,362.42 4,361.42 252,004,221.81 Special IssueTM Marginal IRR and Net Capital Return, and Relative IRR and Net Capital Return: 37 1,138.76 % 273,965,292.16 10,695.10 % 252,004,221.81 273,965,292.16 252,004,221.81 CUMULATIVE NET CAPITAL RETURN TO STRATEGIC MEMBERS S.I. Fixed Commission Fees for Specific Administrative Services: 38 67.00 % 146,530,003.14 67.00 % 146,530,003.14 S.I. Cumulative Combined Capital Calls: 39 100.00 % 942,219.74 100.00 % 942,219.74 S.I. Net Capital Return Distribution: 40 100.00 % 147,472,222.87 100.00 % 147,472,222.87 I-ADCI Partner Strategic Members: Interest Participations 41 Fixed Commission Fees 42 IRR 43 Other Strategic Members: Interest Participations 41 Fixed Commission Fees 42 IRR 43 S.I. Fixed Commission Fees for S.A.S.: 67.00 % 6,700,000.00 67.00 % 98,175,102.10 4,931.56 % S.I. Fixed Commission Fees for S.A.S.: 33.00 % 3,300,000.00 33.00 % 48,354,901.03 4,931.56 % S.I. Cumulative Combined Capital Calls: Calls: 32,727,550.31 67.00 % 631,287.22 0.13 % S.I. Cumulative Combined Capital Calls: Calls: 16,119,539.71 33.00 % 310,932.51 0.13 % S.I. Net Capital Return Distribution: Capital: 39,427,550.31 67.00 % 98,806,389.32 4,931.69 % S.I. Net Capital Return Distribution: Capital: 19,419,539.71 33.00 % 48,665,833.55 4,931.69 % Main Strategic MemberTM & Manager: Main Local Peruvian Counterpart:TM Merril Lynch & Co. 80.00 % 5,360,000.00 67.00 % 65,777,318.41 4,114.98 % Credibolsa S.A.B. 80.00 % 2,640,000.00 67.00 % 32,397,783.69 4,114.98 % Broker Dealer Investment Banker and Underwriter, all OECD Calls: 26,182,040.25 80.00 % 505,029.78 0.16 % Local Counterpart to Merril Lynch & Co. Calls: 12,895,631.76 80.00 % 248,746.01 0.16 % Country Stock Exchanges, all Client Development Consortium Stock Exchanges Capital: 31,542,040.25 67.08 % 66,282,348.19 4,115.14 % Capital: 15,535,631.76 67.08 % 32,646,529.70 4,115.14 % Other Strategic Members: Other Local Peruvian Counterparts:TM Morgan Stanley Dean Witter & Co. 7.50 % 502,500.00 9.00 % 8,835,759.19 5,936.60 % Continental S.A.F.I. 7.50 % 247,500.00 9.00 % 4,351,941.09 5,936.60 % Fund Manager, Country Funds and Unit Trusts, First and Third Calls: 2,454,566.27 7.50 % 47,346.54 0.11 % Local Counterpart to Morgan Stanley Dean Witter & Co. Calls: 1,208,965.48 7.50 % 23,319.94 0.11 % World Capital: 2,957,066.27 8.99 % 8,883,105.73 5,936.71 % Capital: 1,456,465.48 8.99 % 4,375,261.03 5,936.71 % Moody´s Investors Services, Inc. 2.50 % 167,500.00 4.50 % 4,417,879.59 8,951.74 % D. C. R. Evaluadora de Riesgos & Inversiones S.A. 2.50 % 82,500.00 4.50 % 2,175,970.55 8,951.74 % Investment Advisor, Common Stock Mutual Funds, First and Calls: 818,188.76 2.50 % 15,782.18 0.07 % Local Counterpart to Moody´s Investors Services, Inc. Calls: 402,988.49 2.50 % 7,773.31 0.07 % Third World Capital: 985,688.76 4.49 % 4,433,661.78 8,951.81 % Capital: 485,488.49 4.49 % 2,183,743.86 8,951.81 % City Bank N.A., Inc. 2.50 % 167,500.00 4.50 % 4,417,879.59 8,951.74 % Banco Wiese Sudameris S.A. 2.50 % 82,500.00 4.50 % 2,175,970.55 8,951.74 % Securities Custodian and Registrar, Account Services, First Calls: 818,188.76 2.50 % 15,782.18 0.07 % Local Counterpart to City Bank N.A., Inc. Calls: 402,988.49 2.50 % 7,773.31 0.07 % and Third World Capital: 985,688.76 4.49 % 4,433,661.78 8,951.81 % Capital: 485,488.49 4.49 % 2,183,743.86 8,951.81 % Andersen Consulting, LLC 2.50 % 167,500.00 5.00 % 4,908,755.11 9,956.79 % Apoyo y Asociados S.A. 2.50 % 82,500.00 5.00 % 2,417,745.05 9,956.79 % Management Consulting, Investment Projects, First and Third Calls: 818,188.76 2.50 % 15,782.18 0.07 % Local Counterpart to Andersen Consulting, LLC Calls: 402,988.49 2.50 % 7,773.31 0.07 % World Capital: 985,688.76 4.98 % 4,924,537.29 9,956.85 % Capital: 485,488.49 4.98 % 2,425,518.36 9,956.85 % Peat, Marwick, & Mitchell, LLC 2.50 % 167,500.00 5.00 % 4,908,755.11 9,956.79 % Contadores y Auditores Asociados S.A. 2.50 % 82,500.00 5.00 % 2,417,745.05 9,956.79 % Accounting, Auditing, and Standards and Practices, First and Calls: 818,188.76 2.50 % 15,782.18 0.07 % Local Counterpart to Peat, Marwick, & Mitchell, LLC Calls: 402,988.49 2.50 % 7,773.31 0.07 % Third World Capital: 985,688.76 4.98 % 4,924,537.29 9,956.85 % Capital: 485,488.49 4.98 % 2,425,518.36 9,956.85 % Baker & McKenzie, LLC 2.50 % 167,500.00 5.00 % 4,908,755.11 9,956.79 % Muñiz, Forsyth, Ramírez, Pérez-Taiman & Luna-Victoria 2.50 % 82,500.00 5.00 % 2,417,745.05 9,956.79 % Law, Joint Ventures, Investments, and Intellectual Property, Calls: 818,188.76 2.50 % 15,782.18 0.07 % Local Counterpart to Baker & McKenzie, LLC Calls: 402,988.49 2.50 % 7,773.31 0.07 % First and Third World Capital: 985,688.76 4.98 % 4,924,537.29 9,956.85 % Capital: 485,488.49 4.98 % 2,425,518.36 9,956.85 % ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the CaribbeanTM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 CONSORTIUM FINANCIALS "A Partnership for Development with the United States of America TM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Tax Free Negotiable Non Voting Investment Pool Size: U.S.$ 1,000,000,000.00 Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 1. Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, per Item A Paragraphs 4 and 5, Item B Paragraph 1, Item C Paragraph 1, and Item D Paragraphs 2 and 5. 2. Consortium Cumulative Tax Exempt Fixed General Services Commission FeesTM, per Item B Paragraph 2, earned from Inter-American · Peru TrustTM and from Inter-American · Peru FundTM, per Item 1, on Special IssueTM Subscription Closing Date, and on a Monthly basis to Special Issue TM Maturity. 3. Consortium Tax Exempt Fixed Core Intellectual Property Usage Rights Royalty Fees TM, per Item B Paragraph 2, and Item D Paragraph 7, earned from Inter-American · Peru TrustTM and Inter-American · Peru FundTM, per Item 1, on Special IssueTM Subscription Closing Date. 4. Standard Autonomous Development Consortium Operating Agreement TM, per Item A Paragraphs 2, 3, 4, and 5, and Item D Paragraphs 2 and 5. 5. Consortium Cumulative Earnings to Special Issue Maturity, per Item 2, passed through to and shared between Strategic Members, per Item 4, at 67.00 %, as Tax Exempt Fixed Commission Fees for Specific Administrative Services, per Item B Paragraph 2, on a Monthly basis. 6. Standard Development Consortium Special Support AgreementTM, per Item A Paragraphs 2 and 5, and Item D Paragraphs 1, 2, 5, and 6. 7. Consortium Cumulative Earnings to Special Issue Maturity, per Item 2, passed through to I-ADCI, per Item 6, at 33.00 %, as Tax Exempt Fixed General Services Commission Fees, per Item B Paragraph 2, on a Monthly basis, partially passed through to and shared between Strategic Partners, as Tax Exempt Fixed Commission Fees for Specific Administrative Services, and with Tax Exempt Profits or Losses after all I-ADCITM expenses, per Item B Paragraph 2, and Item D Paragraph 6. 8. Consortium Earnings, per Item 3, paid to I-ADCI, per Item 6, at 100.00 %, as Tax Exempt Fixed Core Intellectual Property Usage Rights Royalty Fees, per Item B Paragraph 2, on Special Issue Subscription Closing Date, shared by Strategic Partners, with Tax Exempt Profits or Losses after all I-ADCI expenses, including Royalty Fees due to other owners of specific Core Intellectual PropertyTM, paid as Tax Exempt Fixed Usage Rights Royalty FeesTM, per Item B paragraph 2, and Item D Paragraph 6. 9. Consortium Office Facility Ownership Indicator, Price to Monthly Rent Amount Ratio on Special Issue Subscription Closing Date, and Effective Real Estate Price Inflation Rate to Special Issue Maturity per Peru Real Estate Facts. Note that Office Facility was not Owned, but was Purchased under Mortgage. 10. Consortium Office Facility Use Term, Lease Term, Square Footage, Per Foot Monthly Rent Amount, and Monthly Rent Amount, Quoted on Special Issue Subscription Closing Date. Cumulative Monthly Rent Payments to Special Issue Maturity are estimated, a-posteriori, on this basis, and per Effective Real Estate Price Inflation Rate to Special Issue Maturity, per Item 9, at U.S.$ 2,095,746.40, had the Facility, instead, been Rented under Lease. 11. Consortium Office Facility Use Term, Mortgage Term, Mortgage Rate, Forecast Salvage Rate per Effective Real Estate Price Inflation Rate to Special Issue Maturity, per Item 9, and per concurrent Facility Valuations on Special Issue Subscription Closing Date and Special Issue Maturity, and Facility Cumulative Monthly Mortgage Payments to Special Issue Maturity. 12. Consortium Office Furniture & Equipment Package Ownership Indicator, Price to Monthly Rent Amount Ratio, including all Furniture, Software, Computers, Communication Devices, Networks, and Reprographics, on Special Issue Subscription Closing Date, and Effective Package Price Inflation Rate to Special Issue Maturity, per Peru Office Facts. Note that Package was Owned, but Sold and Leased Back, and Similarly Replaced every 5 years. 13. Consortium Office Furniture & Equipment Package Use Term, Lease Term, Monthly Rent Amount on Special Issue Subscription Closing Date, and Cumulative Monthly Rent Payments to Special Issue Maturity. 14. Consortium Office Furniture & Equipment Package Use Term, Mortgage Term, Mortgage Rate per Quote on Special Issue Subscription Closing Date, and Forecast Salvage Rate per Effective Package Price Inflation Rate to Special Issue Maturity, per Item 12, and per concurrent Package Valuations on Special Issue Subscription Closing Date and Special Issue Maturity. On this basis, Cumulative Monthly Mortgage Payments are estimated, a-posteriori, at U.S.$ 397,392.90, had the Package, instead, been Retained under Mortgage at 15.00 % for 3 years, and Similarly Replaced every 5 years. 15. Consortium Office Utilities, Maintenance, including Fire and Liability Insurance, and Supplies Monthly Amount, on Special Issue TM Subscription Closing Date, Effective Price Inflation Rate to Special Issue TM Maturity, and Cumulative Monthly Amount to Special IssueTM Maturity. 16. Consortium Advertising and Public Relations Monthly Program Amount, on Special Issue TM Subscription Closing Date, Effective Price Inflation Rate to Special Issue TM Maturity, and Cumulative Monthly Amount to Special IssueTM Maturity. 17. Consortium Office Staff Average Monthly Gross Payroll Amount, including Benefits, on Special IssueTM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, Premium Over Inflation, and Cumulative Monthly Amount to Special IssueTM Maturity. 18. Consortium Extraordinary Expenditures Monthly Amount, on Special Issue TM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, and Cumulative Monthly Amount to Special IssueTM Maturity. 19. Inter-American · Peru TrustTM Initial Outstanding Combined Special IssuesTM Face Amount on Special IssueTM Subscription Closing Date, a measure of Assets which appeared on the respective Wall Street Journal Toombstone. 20. Inter-American · Peru TrustTM Combined Special IssuesTM Face Amount Effective Net Growth Rate and Net Growth, from Special IssueTM Subscription Closing Date to Special IssueTM Maturity. 21. Inter-American · Peru TrustTM Final Outstanding Combined Special IssuesTM Face Amount on Special IssueTM Maturity Date, and Consortium Cumulative Fixed Costs to Special IssueTM Maturity. It shouild be noted that Consortium Cumulative Fixed Costs correspond to all Inter-American · Peru TrustTM Special IssuesTM Outstanding at each Month End during Special IssueTM Term. 22. Special Issue Face Amount, included in Items 19 and 21, and Corresponding Consortium Cumulative Fixed Costs, per Item 21, applied to Special Issue, on an Monthly Face Value Weighted Basis, with Special Issue underwritten in whole, by Special Issue Subscription Opening Date, by Merril Lynch & Co., as Leader, in Syndicate with Credibolsa S.A.B., and others, per the I-ADCI Operating Agreement, Item D Paragraphs, 4, 5, 6, and in the context of Paragraphs 1, 2, 3, 7, 8, and 9, and per Items 1, 4, 5, 6, 7, and 8. 23. Peru Effective Inflation Rate to Special IssueTM Maturity, as determined on Special IssueTM Maturity, corresponding to Consortium Monthly Inflation Capital Calls, which include Special Issue TM Monthly Inflation Capital Calls, per application of Actual Monthly Peru Inflation Rate as advised or reported by the International Monetary Fund, per the Standard Autonomous Development Consortium Operating Agreement, Item A Paragraph 3, and per the I-ADCI Operating Agreement, Item D Paragraph 5, Consortium Initial Capital on Special Issue Subscription Closing Date, and corresponding Cumulative Inflation Capital Calls to Special IssueTM Maturity. 24. Peru Effective Inflation Rate to Special IssueTM Maturity, as determined on Special IssueTM Maturity, corresponding to Special IssueTM Monthly Inflation Capital Calls, which are included in Consortium Monthly Inflation Capital Calls, per Item 23, Special Issue TM Initial Capital on Special IssueTM Subscription Closing Date, and corresponding Cumulative Inflation Capital Calls to Special Issue TM Maturity. 25. Consortium Capital Growth Index to Special IssueTM Maturity, as determined on Special IssueTM Maturity, in respect of Combined Special IssuesTM Face Amount Effective Net Growth Rate, per Item 20, Consortium Capital Effective Net Growth Rate to Special Issue TM Maturity, per Consortium Initial capital, per Item 29, and corresponding Consortium Monthly Growth Capital Calls, and Consortium Cumulative Growth Capital Calls to Special Issue TM Maturity, before Monthly In Special IssuesTM Capital Growth Adjustments. 26. Special IssueTM Capital Growth Index, as in Item 25, but which is nill here, as there is no Special IssueTM Monthly Growth Capital Calls obligation per Item 20, as per Item 23, or corresponding Calls included in Item 25, resulting nill Special Issue TM Capital Effective Net Growth Rate, and nill Special IssueTM Cumulative Growth Capital Calls to Special IssueTM Maturity. 27. Cumulative Monthly In Special IssuesTM Capital Growth Adjustments to Consortium Monthly Growth Capital Calls with Cumulative value per Item 25, to Special Issue TM Maturity, and Cumulative Monthly In Special IssuesTM Capital Growth Adjustments to Special IssueTM Monthly Growth Capital Calls with Cumulative value per Item 26, to Special IssueTM Maturity, where In Special IssuesTM Capital Growth and its applications and distributions are Tax Exempt, per Item B Paragraph 2. 28. Consortium Cumulative Fees to Strategic Members and I-ADCITM, to Special IssueTM Maturity, per Items 5, 7, and 8, in line with Item 22. 29. Consortium Initial Capital and Corresponding Special IssueTM Initial Capital, on Special IssueTM Subscription Closing Date. 30. Consortium Final Capital and Corresponding Special IssueTM Final Capital, on Special IssueTM Maturity Date, reflecting Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and In Special Issues TM Capital Growth, per Items 23, 25, and 27, and Items 24, 26, and 27, and Special Issue share of In Special Issues Capital Growth, per Item 27. Note 18.50 % In Special Issues Capital Effective Per Annum Total Rate of Return. 31. Consortium Cumulative Combined Inflation Capital Calls and Adjusted Growth Capital Calls to Special Issue TM Maturity, per Items 23, 25, and 27, and Corresponding Special IssueTM Cumulative Combined Inflation Capital Calls and Adjusted Growth Capital Calls to Special IssueTM Maturity, per Items 24, 26 and 27. 32. Consortium Cumulative Monthly Loss Capital Calls to Special IssueTM Maturity, per Item 21, Corresponding Special IssueTM Cumulative Monthly Loss Capital Calls to Special IssueTM Maturity, applied on a Monthly Face Value Weighted Basis, as Fixed Costs are a Net Capital Loss, per Item 22, and Special Issue TM Cumulative Combined Inflation Capital Calls and Adjusted Growth Capital Calls, per Item 31, and Loss Capital Calls, to Special Issue TM Maturity. 33. Consortium Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special IssueTM Maturity, per Items 31 and 32, Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special IssueTM Maturity, per Items 31 and 32, and Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Items 28, 29, 30, 31, and 32. 34. Consortium Annual Fixed Costs on the first Anniversary of Special IssueTM Subscription Closing Date, Per Million Face Value Combined Special IssuesTM, in respect of Outstanding Special IssuesTM Combined Face Amount, Consortium Cumulative Fixed Costs to Special Issue TM Maturity, Per Million Face Value Combined Special IssuesTM, in respect of Average Outstanding and Final Outstanding Consortium Special Issues TM Combined Face Amounts, per items 19 and 21, and Consortium Annual Fixed Costs on the first Anniversary of Special Issue TM Subscription Closing Date, applied to Special IssueTM on a Monthly Face Value Weighted Basis, Per Million Face Value Special IssueTM, in respect of Special IssueTM Face Amount, and Consortium Cumulative Fixed Costs to Special IssueTM Maturity, applied to Special IssueTM on a Monthly Face Value Weighted Basis, Per Million Face Value Special Issue TM, in respect of Average Outstanding and Final Outstanding Special IssueTM Combined Face Amounts, per items 19 and 21. Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 33, is repeated for reference and comparison. 35. Special IssueTM Marginal Implied Internal Rate of Return by Consortium Revenues, including Fixed General Services Commission Fees, per Item 2, Fixed Core Intellectual Property Usage Rights Royalty Fees TM, per Item 3, and In Special IssuesTM Capital Growth, per Item 27, in respect of Consortium Initial Capital per Item 29, and of Consortium Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special Issue TM Maturity, with Cumulative value per Item 33, Special IssueTM Marginal Gross Return Index in respect of Consortium Revenues, Consortium Initial Capital, per Item 29, and of Consortium Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls, per Item 33, and Special Issue TM Marginal Net Return Index in respect of Consortium Revenues, Consortium Initial Capital, per Item 29, and of Consortium Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls, per Item 33. Special Issue TM Relative Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 33, repeated for perspective, is the Consortium Net Return on Special IssueTM to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, and after reversing adjustments for Special Issue TM Initial Capital and Special IssueTM share of In Special IssuesTM Capital Growth, per Items 29 and 30, is the Revenue allowing them to render Consortium deliverables to Inter-American · Peru TrustTM and to Inter-American · Peru FundTM, per Items 1, 2, and 3, as per Items 4, 5, 6, 7, and 8, at a profit. 36. Special IssueTM Relative Implied Internal Rate of Return by Consortium Revenues, per Item 35, including only the Special IssueTM share of In Special IssuesTM Capital Growth, per Item 27, in respect of Special IssueTM Initial Capital, per Item 29, and of Special IssueTM Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special IssueTM Maturity, with Cumulative value per Item 33, Special IssueTM Relative Gross Return Index in respect of corresponding Consortium Revenues, Special IssueTM Initial Capital, per Item 29, and of Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls, per Item 33, and Special Issue TM Relative Net Return Index in respect of corresponding Consortium Revenues, Special Issue TM Initial Capital, per Item 29, and of Special Issue TM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls, per Item 33, and Special IssueTM Relative Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 33, revisited as Special IssueTM Return to Consortium to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, reveal outstanding Special IssueTM Financial Effectiveness, built on Core Intellectual PropertyTM centered on the Inter-American · Country Trust ShareTM, per Items 3 and 8. 37. Special IssueTM Marginal Internal Rate of Return, per Item 35, and corresponding Marginal Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Consortium Initial Capital recovery, per Item 29, and Special Issue TM Relative Internal Rate of Return, per Item 36, and corresponding Relative Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 36, where the former set, Special IssueTM Marginal Internal Rate of Return, per Item 35, and corresponding Marginal Cumulative Net Capital Return to Strategic Members and I-ADCITM to Special IssueTM Maturity, beyond full Consortium Initial Capital recovery, per Item 29, include all Consortium Revenues, and reflect Initial Capital and all Capital Calls, per Item 35, and where positive, in the absence of any other Special Issues TM Revenue, indicate extraordinary Consortium Financial Effectiveness. 38. Special Issue Fixed Commission Fees for Specific Administrative Services are Consortium Cumulative Earnings, per Item 2, passed through to and shared between Strategic Members, per Item 4, at 67.00 %, as Tax Exempt Fixed Commission Fees for Specific Administrative Services, per Item B Paragraph 2, on a Monthly basis, as in Item 5, on a fixed percentual basis for each. Note that data set structure in distinct boxes are identical in this report section. 39. Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls, to Special Issue TM Maturity, per Items 31 and 32, per Item 33, apportioned to Strategic Members per respective Interest Participations, on a Tax Exempt basis, per Item B Paragraph 2. 40. Special IssueTM Net Capital Return Distribution is the Consortium Net Cash Return on Special IssueTM to Strategic Members to Special IssueTM Maturity, and is the Tax Exempt Revenue, per Item B Paragraph 2, allowing them to render their share of Consortium deliverables to Inter-American · Peru TrustTM and to Inter-American · Peru FundTM, per Item 35. 41. Interest Participations are Strategic Member fixed percentual Consortium ownership interests and corresponding invested amounts on Special Issue TM Subscription Closing Date, and together with Consortium Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, Loss Capital Calls, per Items 31 and 32, per Item 33, and In Special IssuesTM Capital Growth, per Item 27, to Special IssueTM Maturity, apportioned to Strategic Members per respective Interest Participations on a Tax Exempt basis, per Item 39, determine final invested amounts on Special Issue TM Maturity, per Item 30. 42. Fixed Commission Fees are Strategic Member fixed percentual shares of Consortium Fixed General Services Commission Fees TM Revenue and corresponding Tax Exempt Gross amounts, per Item 38, and after Special Issue TM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special IssueTM Maturity, apportioned to Strategic Members on a Tax Exempt basis, per Item 39, constitute the respective Special Issue TM Net Capital Return Distributions, per Item 40. 43. Internal Rates of Return are Strategic Member Participation Interest defined Consortium level Tax Exempt profitability indicators, corresponding to Special Issue TM Relative Internal Rate of Return, per Item 36, on a Tax Exempt Gross basis, per Item 38, and after Special Issue TM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Loss Capital Calls to Special IssueTM Maturity, apportioned to Strategic Members on a Tax Exempt basis, per Item 39, are rendered to a Net Tax Exempt Cash Revenue basis in respect of their shares of Consortium deliverables to Inter-American · Peru TrustTM and to Inter-American · Peru FundTM, per Item 40. Note: Special Issue CONSOLIDATED POOL INVESTMENT REPORT of September 18, 1999, and supporting documents, and Special Issue POOL INVESTMENT PERFORMANCE REPORT of September 18, 2009, are made an integral part of this Peru Development Consortium Special Issue Cumulative Cash Profit & Loss Statement, by reference. ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the CaribbeanTM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 CONSORTIUM FINANCIALS "A Partnership for Development with the United States of America TM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Tax Free Negotiable Non Voting Investment Pool Size: U.S.$ 1,000,000,000.00 Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 A. Peru Development Consortium 1. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in connection only with the Formulation of, and the provision of Special Support for, Select Development Projects TM in Peru, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America. 2. It is Administered by Strategic Members, with the Main Strategic MemberTM as Manager, and Supported by Associate Members, under a Standard Autonomous Development Consortium Operating Agreement TM, with Special Support by Inter-American Development Capital InstituteTM, I-ADCITM, as a General Services and Core Intellectual Property Usage Rights ClientTM, under a Standard Development Consortium Special Support AgreementTM, implemented through I-ADCITM Strategic Partners in respect of Administration, and through Associate Partners in respect of Support, in accordance with the I-ADCI Operating AgreementTM. 3. It includes, under the Standard Autonomous Development Consortium Operating AgreementTM, as Strategic Members, only I-ADCITM Strategic Partners and their vigorously solvent Peruvian Local CounterpartsTM, equal in number, with Main Strategic PartnerTM as Main Strategic MemberTM, requiring them to remain vigorously solvent, and that they jointly and severally maintain specified Development Consortium capitalization levels, and includes as Associate Members, only Peruvian Local Counterparts TM to I-ADCITM Associate Partners, not to exceed Strategic Members in number, requiring that Strategic Members and Associate Members be admitted or renewed, only by a favorable vote from all current Strategic Members, and only for five year terms, and that once Identified, Select Development Projects TM are Proposed, Formulated, and Underwritten, and that these actions be approved with a simple majority of favorable votes by Strategic Members, by number, which must include a favorable vote by the Main Strategic MemberTM and Manager, who is entitled to project Underwriting Prioritization. 4. It Administers and Supports Inter-American · Peru TrustTM and Inter-American · Peru FundTM, as General Services and Core Intellectual Property Usage Rights Clients TM, under a Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, implemented through Strategic Members in respect of Administration, and Associate Members in respect of Support, in accordance with the Standard Autonomous Development Consortium Operating Agreement TM. 5. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Inter-American · Peru TrustTM and Inter-American · Peru FundTM, under the Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, with General Services Commission FeesTM fully passed through to and shared between Strategic Members, as fixed Commission Fees for Specific Administrative Services TM, in accordance with the Standard Autonomous Development Consortium Operating AgreementTM, and to I-ADCITM in accordance with the Standard Development Consortium Special Support AgreementTM, and with Core Intellectual Property Usage Rights Royalty FeesTM exclusively and fully passed through to I-ADCITM also in accordance with the Standard Development Consortium Special Support AgreementTM. B. Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) 1. Inter-American · Peru TrustTM is an Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, other Organization for Economic Cooperation and Development (OECD) member country major Exchanges, including electronic, and in the Lima Stock Exchange, funded exclusively through Special IssuesTM of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & DividendsTM, or Inter-American · Country Trust SharesTM, each intended solely to fund a specific Investment Pool consisting only of U.S. Treasury Zero Coupon Bonds and Common Stock issued by Inter-American · Peru FundTM in connection with Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development ConsortiumTM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. It enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special Issues TM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. C. Inter-American · Capital Growth & Dividends Fund · Peru (Inter-American · Peru Fund) 1. Inter-American · Peru FundTM is a Mutual Fund Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, funded exclusively through the issuance of Common Stock to the Inter-American · Assured Capital Growth & Dividends Trust · PeruTM (Inter-American · Peru TrustTM), and investing solely in Common Stock Listed in both the New York Stock Exchange and Lima Stock Exchange, issued chiefly by Prime foreign and domestic corporations and their joint venture companies only for the whole or partial funding of Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development ConsortiumTM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. All Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd.. D. Inter-American Development Capital Institute (I-ADCI) 1. Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium Special Support AgreementTM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums. 1. Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium Special Support AgreementTM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums. 2. It is Administered by Strategic Partners, with the Main Strategic PartnerTM as Manager, and Supported by Associate Partners, under the I-ADCI Operating AgreementTM, and establishes Client Development ConsortiumsTM, and corresponding Inter-American · Country TrustsTM and Inter-American · Country FundsTM, in the United States of America, domiciled in Miami, with each Development Consortium headquartered and operating in the respective country capital, and Inter-American · Country TrustsTM and Inter-American · Country FundsTM operating in Miami, preparing the required Standard Development Consortium Special Support AgreementTM, Standard Autonomous Development Consortium Operating AgreementTM, and Standard Inter-American · Country Trust and Country Fund Special Support Agreement TM, as contracts of adhesion, and reserving the right to make modifications, from time to time, without advance warning and at its sole discretion, with a simple majority of favorable votes by Strategic Partners, by number, which must include a favorable vote by the Manager. 3. It has seven Strategic Partners and twelve Associate Partners under the I-ADCI Operating AgreementTM, which admits, as Strategic Partners, only prime multinational U.S. firms pertaining to Foremost U.S. Global Financial and Support Service Groups TM, and as Associate Partners, only Organization of American States (OAS) and United Nations (UN) related Multilateral Organizations concerned with International Finance, International Trade, Intellectual Property, Education, Employment, Agriculture, Health, and Environmental Protection, solely for Mutual Informational Exchange, Technical and Oversight Advice, and Multilateral Political Support, and requires that Strategic Partners and Associate Partners be admitted only by a favorable vote from all current Strategic Partners, and commit to five year terms in the I-ADCITM, renewable only with a favorable vote by all Strategic Partners, as with I-ADCI Operating AgreementTM modifications... 4. It requires, under the I-ADCI Operating AgreementTM, as Main Strategic PartnerTM, a Broker Dealer Investment Banker and Underwriter active in all Stock Exchanges in every OECD Country, including electronic, and all Client Development Consortium TM Country Stock Exchanges, and, as additional Strategic Partners, a Fund Manager with broad First and Third World Country Fund and Unit Trust experience, a Common Stock Mutual Fund Investment Advisor with wide expertise in First World Industrial and Service firms in Third World countries, a Bank long established in First and Third World Corporate and Personal Banking, Brokerage Account Services, and as Mutual Fund related Securities Custodian and Registrar, a Business Consulting Firm with broad Investment Project Formulation experience, and a long record in Corporate Management Consulting in the First and Third Worlds, a Big Six Accounting Firm greatly familiar with First and Third World Accounting and Auditing Standards and Practices, and a Law Firm with major experience in First and Third World Joint Ventures, Investment Projects, and Intellectual Property. 5. It requires, under the I-ADCI Operating AgreementTM, that Strategic Partners remain vigorously solvent, that they jointly and severally maintain specified I-ADCITM capitalization levels, that they, and Associate Partners, provide each Client Development ConsortiumTM with deliverables required of I-ADCITM under the Standard Development Consortium Special Support AgreementTM, and that Strategic Partners be Strategic Members in all Development Consortiums, adhering in each case to the Standard Autonomous Development Consortium Operating Agreement TM, which requires, in turn, that Strategic Members remain vigorously solvent, that they jointly and severally maintain specified Development Consortium capitalization levels, and that they, and Associate Members, provide the Inter-American · Country TrustTM and Inter-American · Country FundTM, in each case, with deliverables required of each Development Consortium under the Standard Inter-American · Country Trust and Country Fund Special Support Agreement TM. 6. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Client Development ConsortiumsTM, under the Standard Development Consortium Special Support AgreementTM, with General Services Commission FeesTM partially passed through to and shared between Strategic Partners, as fixed Commission Fees for Specific Administrative ServicesTM, and with Profits or Losses after all I-ADCITM expenses, including Royalty Fees due to other owners of specific Core Intellectual PropertyTM, credited to Strategic Partners per their respective Interest Certificate participations, in accordance with the I-ADCI Operating AgreementTM. · 7. Core Intellectual Property is any Intellectual Property developed, acquired, or Licensed by I-ADCI , that is used or applied, or potentially could, to distinct advantage, in connection with the Core Business of I-ADCITM, Development Consortiums, Country Trusts, and Country Funds, and includes, but is not limited TM TM to, Financial Instrument Designs, such as that of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, Special Insurance Designs, such as Post-Issuance-Defined-Minimum Positive Real Return Assurance TM, Business Plans, Organizational Designs, Software, Logos and Graphic Designs, Trademarks, Brands, Slogans, Jingles, and Advertisements, Promotions, and Materials, whether or not protected or protectable by Patents, Trademarks, Copyrights, Industrial Secret Protection Agreements, or other forms of protection, but does not include Intellectual Property that is pre-existing property of Strategic Partners, Strategic Members, or others, unless Licensed, or that pre-existed in the Public Domain. · 8. A Partnership for Development with the United States of America , Conceptually Designed in 1993, to promote Development with Reciprocity , in the American hemisphere, is Core Intellectual PropertyTM that led to the tentative establishment of I-ADCITM in 1996 as a Chapter C Delaware Corporation, and TM TM incorporates and expands the Plan for the Promotion of Public and Private Savings and of National and Foreign Investment for the Reconstruction and Development of the Republic of Peru TM, or Capitals Capture PlanTM (CCPTM), a private Conceptual Design formulated in 1992, in response to the marked Developmental cesation, resulting from the aberrant terrorism visited on Peru from 1980 till then, calling for the establishment of a Peru Development Consortium TM, and was rooted in, and relied on, the issuance of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, then denominated Peru Trust Shares Participation CertificatesTM, Conceptually Designed in 1986. 9. Its versatile Organizational Design, led by I-ADCITM, with thirty four autonomous Client Development ConsortiumsTM, Country Trusts, and Country Funds, and Effective Functional Policies and ToolsTM, including Core Intellectual PropertyTM, brings together, with appropriate Country Local CounterpartsTM, the talents and influence of the Foremost U.S. Global Financial and Support Service GroupsTM, and pertinent Multilateral Organizations in Support, for the Identification, Proposal, Formulation, Prioritization, Underwriting, and Funding by OECD Source Countries TM, of Select Development Projects of Relative Advantage with the Highest Returns and Acceptable RisksTM, in Target CountriesTM in the FTAA, in a true Partnership, at whose Core is the Inter-American · Country Trust ShareTM, a powerful Financial Instrument of Universal Investment Appeal TM to Individuals, Corporations, Institutions, and States, because of its inherent Safety, Liquidity, Stability, Assured Capital Growth, and Monthly Pass Through DividendsTM, Tax Free, for the massive tapping of Foreign and National Private and Public Equity Capital. ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the CaribbeanTM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 I-ADCI FINANCIALS "A Partnership for Development with the United States of AmericaTM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Miami, USA "Business Capital of the Americas" Capital U.S.$ 356,898,597 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: Tax Free Negotiable Non Voting U.S.$ 1,000,000,000.00 Issue Subscription Closing Date: September 18, 1999 Effective U.S. Inflation Rate to Maturity (U.S.$): Investment Pool Shares with Assured 2.50 % Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 CUMULATIVE REVENUES U.S.$ From Peru Development Consortium Standard Development Consortium Special Support AgreementTM 1 I-ADCI Fixed General Services Commission FeesTM 2 72,171,494.08 72,171,494.08 Fixed Core Intellectual Property Usage Rights Royalty Fees TM 3 31,484,599.16 31,484,599.16 103,656,093.24 CUMULATIVE EXPENSES I-ADCI Operating AgreementTM 4 To Strategic Partners as Fixed Commission Fees for Specific Administrative Services: 5 67.00 % 72,171,494.08 (48,354,901.03) (48,354,901.03) Standard Development Consortium Special Support AgreementTM 1 To Other Owners Fixed Core Intellectual Property Usage Rights Royalty Fees TM: 6 67.00 % 31,484,599.16 (21,094,681.43) (21,094,681.43) (69,449,582.47) CUMULATIVE CONTRIBUTION TO FIXED COSTS AND PROFIT 34,206,510.77 CUMULATIVE FIXED COSTS I-ADCI Operating AgreementTM 4 I-ADCI Office Facility Owned, Price to Monthly Rent Ratio, and Inflation Rate: 7 Yes 100 6.00 % Ownership Retained, and Mortgaged. Use Term, Lease Term, Footage, and per Foot Monthly Amount: 8 30 30 10,000 5.00 0.00 Use Term, Mortgage Term, Mortgage Rate, and Salvage Rate: 9 30 15 8.50 % 25.00 % 49,236.98 (5,908,437.35) (5,634.57) Office F&E Owned, Price to Monthly Rent Ratio, and Inflation Rate: 10 Yes 40 (5.00)% Sold, and Leased Back. Use Term, Lease Term, and Monthly Rent Amount: 11 5 5 10,000.00 10,000.00 (914,879.78) (872.47) Use Term, Mortgage Term, Mortgage Rate, and Salvage Rate: 12 5 3 11.00 % 20.00 % 0.00 Office Utilities & MS Inflation Rate and Monthly Amount: 13 3.00 % 12,000.00 (1,650,798.62) (1,574.28) Advertising & PR Inflation Rate and Monthly Program Amount: 14 5.00 % 25,000.00 (3,773,367.76) (3,598.46) Office Staff Inflation Rate, Premium, and Monthly Payroll Amount: 15 5.00 % 10.00 % 25,000.00 (6,241,806.11) (5,952.48) Extraordinary Expenditures Inflation Rate and Monthly Amount: 16 4.00 % 5,000.00 (720,366.43) (686.98) Initial Outstanding Special Issues TM Combined Face Amount: 17 340,000,000,000.00 Combined Special IssuesTM Face Amount Net Growth Rate and Net Growth: 18 25.00 % 2,826,496,753,692.63 Final Outstanding Special IssuesTM Combined Face Amount and Cumulative Fixed Costs: 19 3,166,496,753,692.63 (19,209,656.04) (18,319.25) Special IssueTM Face Amount and Corresponding Cumulative Fixed Costs: 20 1,000,000,000.00 (19,209,656.04) (18,319.25) (18,319.25) CUMULATIVE PROFIT CAPITAL DISTRIBUTIONS (14,996,854.72) (34,188,191.52) (34,188,191.52) CUMULATIVE INFLATION CAPITAL CALLS I-ADCI U.S. Inflation Rate Applied to I-ADCI Capital on Inflation Capital Calls: 21 2.50 % 50,000,000.00 14,004,227.21 U.S. Inflation Rate Applied to Special Issue TM Capital on Inflation Capital Calls: 22 2.50 % 147,058.82 41,188.90 41,188.90 CUMULATIVE GROWTH CAPITAL CALLS Capital Growth Index and I-ADCI Capital Net Growth Rate: 23 75.00 % 18.75 % 64,004,227.21 292,894,370.21 Capital Growth Index and Special IssueTM Capital Net Growth Rate: 24 0.00 % 0.00 % 188,247.73 0.00 0.00 In Special IssuesTM Capital Growth Adjustment to Calls: 25 (279,856,283.09) (209,615.74) (209,615.74) CUMULATIVE CAPITAL DISTRIBUTIONS AND CAPITAL CALLS 12,045,459.61 (34,356,618.36) (34,356,618.36) CUMULATIVE FINANCIAL EFFECTIVENESS Cumulative Fees to Strategic Partners and Other Owners of Core Intellectual Property: 26 69,449,582.47 To Other Owners Fixed Core Intellectual Property Usage Rights Royalty Fees TM: 6 In Special IssuesTM I-ADCI (21,094,681.43) Initial Capital on Subscription Closing Date: 27 P.A. 50,000,000.00 P.A. 50,000,000.00 P.A. 147,058.82 (147,058.82) Final Capital on Special IssueTM Maturity Date: 28 20.50 % 356,898,597.42 21.72 % 356,898,597.42 2.50 % 188,247.73 209,615.74 Cumulative Inflation Capital Calls and Adjusted Growth Capital Calls: 29 4.42 % 27,042,314.34 (168,426.84) Cumulative Profit Capital Distributions and Special Issue TM Cumulative Calls and Distributions: 30 (3.50)% (14,996,854.72) (34,188,191.52) 34,356,618.36 Cumulative Calls and Distributions and Net Capital Return to Strategic Partners: 31 2.18 % 12,045,459.61 (34,356,618.36) 82,774,076.31 Initial Outstanding Special Issues TM Combined Face Amount: 17 340,000,000,000.00 1,000,000,000.00 Final Outstanding Special IssuesTM Combined Face Amount: 19 25.00 % 3,166,496,753,692.63 0.00 % 1,000,000,000.00 Cumulative Fixed Costs Per Million Face Value: 32 3.55 13.59 6.07 3.55 18.32 18.32 82,774,076.31 Marginal Implied IRR, Marginal Gross Return Index, and Marginal Net Return Index: 33 82.18 % 3.77 2.77 82,774,076.31 Relative Implied IRR, Relative Gross Return Index, and Relative Net Return Index: 34 23,655.05 % (27,149.03) (27,150.03) 82,774,076.31 Special IssueTM Marginal IRR and Net Return, and Relative IRR and Net Return: 35 82.18 % 266,165,724.51 23,655.05 % 82,774,076.31 266,165,724.51 82,774,076.31 CUMULATIVE NET CAPITAL RETURN TO STRATEGIC PARTNERS S.I. Fixed Commission Fees for Specific Administrative Services: 36 67.00 % 48,354,901.03 50.38 % 146,530,003.14 S.I. Cumulative Combined Capital Calls and Profit Distributions: 37 100.00 % 34,356,618.36 99.12 % 34,987,905.58 S.I. Net Capital Return Distribution: 38 100.00 % 82,711,519.39 55.65 % 181,517,908.72 I-ADCI Results to Strategic Partners: Interest Participations 39 Fixed Commission Fees 40 IRR 41 I-ADCI and Peru Development ConsortiumTM Combined: Interest Participations 41 Fixed Commission Fees 42 IRR 43 S.I. Fixed Commission Fees for S.A.S.: 100.00 % 50,000,000.00 100.00 % 48,354,901.03 10,967.13 % S.I. Fixed Commission Fees for S.A.S.: 95.33 % 56,700,000.00 100.00 % 146,530,003.14 6,035.19 % S.I. Cumulative Combined C.C. and P.D.: Calls & P.D.: 306,898,597.42 100.00 % 34,356,618.36 12,687.84 % S.I. Cumulative Combined C.C. and P.D.: Calls & P.D.: 339,626,147.73 100.00 % 34,987,905.58 2,319.47 % S.I. Net Capital Return Distribution: Capital: 356,898,597.42 100.00 % 82,711,519.39 23,654.98 % S.I. Net Capital Return Distribution: Capital: 396,326,147.73 100.00 % 181,517,908.72 8,354.65 % Main Strategic PartnerTM & Manager: Main Strategic Member & Manager: TM Merril Lynch & Co. 80.00 % 40,000,000.00 67.00 % 32,397,783.69 9,169.74 % Merril Lynch & Co. 76.26 % 45,360,000.00 67.00 % 98,175,102.10 5,039.25 % Broker Dealer Investment Banker and Underwriter, all Calls & P.D.: 245,518,877.94 80.00 % 27,485,294.69 12,687.68 % Broker Dealer Investment Banker and Underwriter, all OECD Country Stock Calls & P.D.: 271,700,918.19 80.00 % 27,990,324.47 2,319.33 % OECD Country Stock Exchanges, all Client Development Exchanges, all Client Development Consortium Stock Exchanges Consortium Stock Exchanges Capital: 285,518,877.94 72.40 % 59,883,078.38 21,857.42 % Capital: 317,060,918.19 69.51 % 126,165,426.57 7,358.59 % Other Strategic Partners: Other Strategic Members: Morgan Stanley Dean Witter & Co. 7.50 % 3,750,000.00 9.00 % 4,351,941.09 13,179.31 % Morgan Stanley Dean Witter & Co. 7.15 % 4,252,500.00 9.00 % 13,187,700.28 7,260.95 % Fund Manager, Country Funds and Unit Trusts, First and Calls & P.D.: 23,017,394.81 7.50 % 2,576,746.38 12,688.01 % Fund Manager, Country Funds and Unit Trusts, First and Third World Calls & P.D.: 25,471,961.08 7.50 % 2,624,092.92 2,319.59 % Third World Capital: 26,767,394.81 8.38 % 6,928,687.47 25,867.32 % Capital: 29,724,461.08 8.71 % 15,811,793.20 9,580.54 % Moody´s Investors Services, Inc. 2.50 % 1,250,000.00 4.50 % 2,175,970.55 19,815.86 % Moody´s Investors Services, Inc. 2.38 % 1,417,500.00 4.50 % 6,593,850.14 10,938.29 % Investment Advisor, Common Stock Mutual Funds, First Calls & P.D.: 7,672,464.94 2.50 % 858,915.46 12,688.36 % Investment Advisor, Common Stock Mutual Funds, First and Third World Calls & P.D.: 8,490,653.69 2.50 % 874,697.64 2,319.81 % and Third World Capital: 8,922,464.94 3.67 % 3,034,886.01 32,504.22 % Capital: 9,908,153.69 4.11 % 7,468,547.78 13,258.11 % City Bank N.A., Inc. 2.50 % 1,250,000.00 4.50 % 2,175,970.55 19,815.86 % City Bank N.A., Inc. 2.38 % 1,417,500.00 4.50 % 6,593,850.14 10,938.29 % Securities Custodian and Registrar, Account Services, First Calls & P.D.: 7,672,464.94 2.50 % 858,915.46 12,688.36 % Securities Custodian and Registrar, Account Services, First and Third World Calls & P.D.: 8,490,653.69 2.50 % 874,697.64 2,319.81 % and Third World Capital: 8,922,464.94 3.67 % 3,034,886.01 32,504.22 % Capital: 9,908,153.69 4.11 % 7,468,547.78 13,258.11 % Andersen Consulting, LLC 2.50 % 1,250,000.00 5.00 % 2,417,745.05 22,028.05 % Andersen Consulting, LLC 2.38 % 1,417,500.00 5.00 % 7,326,500.16 12,164.08 % Management Consulting, Investment Projects, First and Calls & P.D.: 7,672,464.94 2.50 % 858,915.46 12,688.45 % Management Consulting, Investment Projects, First and Third World Calls & P.D.: 8,490,653.69 2.50 % 874,697.64 2,319.86 % Third World Capital: 8,922,464.94 3.96 % 3,276,660.51 34,716.50 % Capital: 9,908,153.69 4.52 % 8,201,197.80 14,483.94 % Peat, Marwick, & Mitchell, LLC 2.50 % 1,250,000.00 5.00 % 2,417,745.05 22,028.05 % Peat, Marwick, & Mitchell, LLC 2.38 % 1,417,500.00 5.00 % 7,326,500.16 12,164.08 % Accounting, Auditing, and Standards and Practices, First Calls & P.D.: 7,672,464.94 2.50 % 858,915.46 12,688.45 % Accounting, Auditing, and Standards and Practices, First and Third World Calls & P.D.: 8,490,653.69 2.50 % 874,697.64 2,319.86 % and Third World Capital: 8,922,464.94 3.96 % 3,276,660.51 34,716.50 % Capital: 9,908,153.69 4.52 % 8,201,197.80 14,483.94 % Baker & McKenzie, LLC 2.50 % 1,250,000.00 5.00 % 2,417,745.05 22,028.05 % Baker & McKenzie, LLC 2.38 % 1,417,500.00 5.00 % 7,326,500.16 12,164.08 % Law, Joint Ventures, Investments, and Intellectual Calls & P.D.: 7,672,464.94 2.50 % 858,915.46 12,688.45 % Law, Joint Ventures, Investments, and Intellectual Property, First and Third World Calls & P.D.: 8,490,653.69 2.50 % 874,697.64 2,319.86 % Property, First and Third World Capital: 8,922,464.94 3.96 % 3,276,660.51 34,716.50 % Capital: 9,908,153.69 4.52 % 8,201,197.80 14,483.94 % ** Organized with Support from Florida Partnership of the Americas and Programa Bolivar Seed Money granted by Enterprise Florida, Incorporated Startup Capital granted by U.S. Aid for International Development (USAID) *** "Lighting Up the Future of Latin America and the Caribbean TM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 I-ADCI FINANCIALS "A Partnership for Development with the United States of America TM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Miami, USA "Business Capital of the Americas" Capital U.S.$ 356,898,597 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special Issue : TM No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Tax Free Negotiable Non Voting Issue Subscription Closing Date: September 18, 1999 Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Investment Pool Shares with Assured Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 1. Standard Development Consortium Special Support AgreementTM, per Item A Paragraphs 2 and 5, and Item D Paragraphs 1, 2, 5, and 6. 2. I-ADCITM Cumulative Tax Exempt Fixed General Services Commission FeesTM, per Item B Paragraph 2, earned from Peru Development ConsortiumTM, per Item 1, on Special IssueTM Subscription Closing Date, and on a Monthly basis to Special IssueTM Maturity. 3. I-ADCITM Tax Exempt Fixed Core Intellectual Property Usage Rights Royalty Fees TM, per Item B Paragraph 2, and Item D Paragraph 7, earned from Peru Development ConsortiumTM, per Item 1, on Special IssueTM Subscription Closing Date. 4. I-ADCI Operating AgreementTM, per Item A Paragraph 2, and Item D Paragraphs 2, 3, 4, 5, and 6. 5. I-ADCI Cumulative Earnings to Special Issue Maturity, per Item 2, partially passed through to and shared between Strategic Partners, at 67.00 %, as Tax Exempt Fixed Commission Fees for Specific Administrative Services, with remaining amount shared between Strategic Partners, with Tax Exempt Profits or Losses after all I-ADCITM expenses, on a Monthly basis in each case, per Item 4, and Item B Paragraph 2. 6. I-ADCI Earnings, per Item 3, paid to Other Owners of specific Core Intellectual Property, per Item 1, at 67.00 %, as Tax Exempt Fixed Core Intellectual Property Usage Rights Royalty Fees, per Item B Paragraph 2, with remaining amount shared between Strategic Partners, per Item 4, with Tax Exempt Profits or Losses after all I-ADCITM expenses, per Item B Paragraph 2, on Special IssueTM Subscription Closing Date, in each case. 7. I-ADCI Office Facility Ownership Indicator, Price to Monthly Rent Amount Ratio on Special Issue Subscription Closing Date, and Effective Real Estate Price Inflation Rate to Special Issue Maturity per Florida Real Estate Facts. Note that Office Facility was Owned, and Retained under Mortgage. 8. I-ADCI Office Facility Use Term, Lease Term, Square Footage, Per Foot Monthly Rent Amount, and Monthly Rent Amount, Quoted on Special Issue Subscription Closing Date. Cumulative Monthly Rent Payments to Special Issue Maturity are estimated, a-posteriori, on this basis, and per Effective Real Estate Price Inflation Rate to Special Issue Maturity, per Item 7, at U.S.$ 8,382,985.58, had the Facility, instead, been Sold and Leased Back. 9. I-ADCI Office Facility Use Term, Mortgage Term, Mortgage Rate, and Forecast Salvage Rate per Effective Real Estate Price Inflation Rate to Special Issue Maturity, per Item 7, and per concurrent Facility Valuations on Special Issue Subscription Closing Date and Special Issue Maturity, and Facility Cumulative Monthly Mortgage Payments to Special Issue Maturity. 10. I-ADCITM Office Furniture & Equipment Package Ownership Indicator, Price to Monthly Rent Amount Ratio, including all Furniture, Software, Computers, Communication Devices, Networks, and Reprographics, on Special Issue TM Subscription Closing Date, and Effective Package Price Inflation Rate to Special Issue Maturity per Florida Office Facts. Note that Package was Owned, but Sold and Leased Back, and Similarly Replaced every 5 years. 11. I-ADCI Office Furniture & Equipment Package Use Term, Lease Term, Monthly Rent Amount on Special Issue Subscription Closing Date, and Cumulative Monthly Rent Payments to Special Issue Maturity. 12. I-ADCI Office Furniture & Equipment Package Use Term, Mortgage Term, Mortgage Rate per Quote on Special Issue Subscription Closing Date, and Forecast Salvage Rate per Effective Package Price Inflation Rate to Special Issue Maturity, per Item 10, and per concurrent Package Valuations on Special Issue Subscription Closing Date and Special Issue Maturity. On this basis, Cumulative Monthly Mortgage Payments are estimated, a-posteriori, at U.S.$ 1,275,432.62, had the Package, instead, been Retained under Mortgage at 11.00 % for 3 years, and Similarly Replaced every 5 years. 13. I-ADCITM Office Utilities, Maintenance, including Fire and Liability Insurance, and Supplies Monthly Amount, on Special Issue TM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, and Cumulative Monthly Amount to Special Issue TM Maturity. 14. I-ADCITM Advertising and Public Relations Monthly Program Amount, on Special IssueTM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, and Cumulative Monthly Amount to Special Issue TM Maturity. 15. I-ADCITM Office Staff Average Monthly Gross Payroll Amount, including Benefits, on Special IssueTM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, Premium Over Inflation, and Cumulative Monthly Amount to Special IssueTM Maturity. 16. I-ADCITM Extraordinary Expenditures Monthly Amount, on Special IssueTM Subscription Closing Date, Effective Price Inflation Rate to Special IssueTM Maturity, and Cumulative Monthly Amount to Special IssueTM Maturity. 17. Inter-American · Country TrustsTM Initial Outstanding Combined Special IssuesTM Face Amount on Special IssueTM Subscription Closing Date, a measure of Assets under management by I-ADCITM Client Development Consortiums. 18. Inter-American · Country TrustsTM Combined Special IssuesTM Face Amount Effective Net Growth Rate and Net Growth, from Special Issue TM Subscription Closing Date to Special IssueTM Maturity. 19. Inter-American · Country TrustsTM Final Outstanding Combined Special IssuesTM Face Amount on Special IssueTM Maturity Date, and I-ADCITM Cumulative Fixed Costs to Special IssueTM Maturity. Note that I-ADCITM Cumulative Fixed Costs correspond to all Inter-American · Country TrustsTM Special IssuesTM Outstanding at each Month End during Special IssueTM Term. 20. Special Issue Face Amount, included in Items 17 and 19, and Corresponding I-ADCI Cumulative Fixed Costs, per Item 19, applied to Special Issue, on an Monthly Face Value Weighted Basis, with Special Issue underwritten in whole, by Special Issue Subscription Opening Date, by Merril Lynch & Co., as Leader, in Syndicate with Credibolsa S.A.B., and others, per the I-ADCI Operating Agreement, Item D Paragraphs, 4, 5, 6, and in the the context of Paragraphs 1, 2, 3, 7, 8, and 9, and per Items 1, 4, 5 and 6, and per Peru Development Consortium Special Issue Cumulative Cash Profit & Loss Statement of September 19, 2009 , Items 1, 4, 5, 6, 7, and 8. 21. U.S. Effective Inflation Rate to Special IssueTM Maturity, as determined on Special IssueTM Maturity, corresponding to I-ADCITM Monthly Inflation Capital Calls, which include Special IssueTM Monthly Inflation Capital Calls, per application of Actual Monthly U.S. Inflation Rate as advised or reported by the International Monetary Fund, per the I-ADCI Operating Agreement, per Item D Paragraph 5, I-ADCI Initial Capital on Special Issue Subscription Closing Date, and corresponding Cumulative Inflation Capital Calls to Special Issue Maturity. 22. U.S. Effective Inflation Rate to Special IssueTM Maturity, as determined on Special IssueTM Maturity, corresponding to Special IssueTM Monthly Inflation Capital Calls, which are included in I-ADCITM Monthly Inflation Capital Calls, per Item 21, Special IssueTM Initial Capital on Special IssueTM Subscription Closing Date, and corresponding Cumulative Inflation Capital Calls to Special IssueTM Maturity. 23. I-ADCITM Capital Growth Index to Special IssueTM Maturity, as determined on Special IssueTM Maturity, in respect of Combined Special IssuesTM Face Amount Effective Net Growth Rate, per Item 18, I-ADCITM Capital Effective Net Growth Rate to Special IssueTM Maturity, per I-ADCITM Initial Capital, per Item 27, and corresponding I-ADCITM Monthly Growth Capital Calls, and I-ADCITM Cumulative Growth Capital Calls to Special IssueTM Maturity, before In Special IssuesTM Monthly Capital Growth Adjustments. 24. Special IssueTM Capital Growth Index, as in Item 23, but which is nill here, as there is no Special IssueTM Monthly Growth Capital Calls obligation per Item 18, as per Item 21, or corresponding Calls included in Item 23, resulting nill Special Issue TM Capital Effective Net Growth Rate, and nill Special IssueTM Cumulative Growth Capital Calls to Special IssueTM Maturity. 25. Cumulative Monthly In Special IssuesTM Capital Growth Adjustments to I-ADCITM Monthly Growth Capital Calls with Cumulative value per Item 23, to Special IssueTM Maturity, and Cumulative Monthly In Special IssuesTM Capital Growth Adjustments to Special IssueTM Monthly Growth Capital Calls with Cumulative value per Item 24, to Special IssueTM Maturity, where In Special IssuesTM Capital Growth and its applications and distributions are Tax Exempt, per Item B Paragraph 2. 26. I-ADCITM Cumulative Fees to Strategic Partners and Other Owners of Core Intellectual PropertyTM, to Special IssueTM Maturity, per Items 5 and 6, in line with Item 20. 27. I-ADCITM Initial Capital and Corresponding Special IssueTM Initial Capital, on Special IssueTM Subscription Closing Date. 28. I-ADCITM Final Capital and Corresponding Special IssueTM Final Capital, on Special IssueTM Maturity Date, reflecting Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and In Special IssuesTM Capital Growth, per Items 21, 23, and 25, and Items 22, 24 and 25, and Special Issue share of In Special Issues Capital Growth, per Item 25. Note 20.50 % In Special Issues Capital Effective Per Annum Total Rate of Return. 29. I-ADCITM Cumulative Combined Inflation Capital Calls and Adjusted Growth Capital Calls to Special IssueTM Maturity, per Items 21, 23 and 25, and Corresponding Special IssueTM Cumulative Combined Inflation Capital Calls and Adjusted Growth Capital Calls to Special IssueTM Maturity, per Items 22, 24, and 25. 30. I-ADCITM Cumulative Monthly Operating Profit Capital Distributions to Special Issue TM Maturity, after Fixed Costs per Item 19, Corresponding Special Issue TM Cumulative Monthly Operating Profit Capital Distributions to Special IssueTM Maturity, after Fixed Costs applied on a Monthly Face Value Weighted Basis,  per Item 20, and Special IssueTM Cumulative Combined Inflation Capital Calls and Adusted Growth Capital Calls, per Item 29, and Operating Profit Capital Distributions, to Special Issue TM Maturity, where Operating Profit and its applications and distributions are Tax Exempt, per Item B Paragraph 2. 31. I-ADCITM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special Issue TM Maturity, per Items 29 and 30, Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special IssueTM Maturity, per Items 29 and 30, and Cumulative Net Capital Return to Strategic Partners to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Items 26, 27, 28, 29, and 30. 32. I-ADCITM Annual Fixed Costs on the first Anniversary of Special IssueTM Subscription Closing Date, Per Million Face Value Combined Special IssuesTM, in respect of Outstanding Special IssuesTM Combined Face Amount, I-ADCITM Cumulative Fixed Costs to Special IssueTM Maturity, Per Million Face Value Combined Special IssuesTM, in respect of Average Outstanding and Final Outstanding I-ADCITM Special IssuesTM Combined Face Amounts, per items 17 and 19, and I-ADCITM Annual Fixed Costs on the first Anniversary of Special Issue TM Subscription Closing Date, applied to Special IssueTM on a Monthly Face Value Weighted Basis, Per Million Face Value Special IssueTM, in respect of Special IssueTM Face Amount, and I-ADCITM Cumulative Fixed Costs to Special IssueTM Maturity, applied to Special IssueTM on a Monthly Face Value Weighted Basis, Per Million Face Value Special Issue TM, in respect of Average Outstanding and Final Outstanding Special IssueTM Combined Face Amounts, per items 17 and 19. Cumulative Net Capital Return to Strategic Partners to Special Issue TM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 31, is repeated for reference and comparison. 33. Special IssueTM Marginal Implied Internal Rate of Return by I-ADCITM Net Revenues, including Fixed General Services Commission Fees, per Item 2, Fixed Core Intellectual Property Usage Rights Royalty Fees TM, per Item 3, net of Fixed Core Intellectual Property Usage Rights Royalty FeesTM, per Item 6, and In Special IssuesTM Capital Growth, per Item 25, in respect of I-ADCITM Initial Capital, per Item 27, and of I-ADCITM Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special Issue TM Maturity, with Cumulative value per Item 31, Special IssueTM Marginal Gross Return Index in respect of I-ADCITM Net Revenues, I-ADCITM Initial Capital, per Item 27, and of I-ADCITM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions, per Item 31, and Special Issue TM Marginal Net Return Index in respect of I-ADCITM Net Revenues, I-ADCITM Initial Capital, per Item 27, and of I-ADCITM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions, per Item 31. Special Issue TM Relative Cumulative Net Capital Return to Strategic Partners to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 31, repeated for perspective, is the I-ADCITM Net Return on Special IssueTM to Strategic Partners, beyond full Special IssueTM Initial Capital recovery, and after reversing adjustments for Special IssueTM Initial Capital and Special IssueTM share of In Special IssuesTM Capital Growth, per Items 27 and 28, is the Revenue allowing them to render I-ADCITM deliverables to Peru Development ConsortiumTM, per Items 1, 2, and 3, as per Items 4, 5, and 6, at a profit. 34. Special IssueTM Relative Implied Internal Rate of Return by I-ADCITM Net Revenues, per Item 33, including only the Special Issue TM share of In Special IssuesTM Capital Growth, per Item 25, in respect of Special IssueTM Initial Capital, per Item 27, and of Special IssueTM Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special IssueTM Maturity, with Cumulative value per Item 31, Special IssueTM Relative Gross Return Index in respect of corresponding I-ADCITM Net Revenues, Special IssueTM Initial Capital, per Item 27, and of Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions, per Item 31, and Special IssueTM Relative Net Return Index in respect of corresponding I-ADCITM Net Revenues, Special IssueTM Initial Capital, per Item 27, and of Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions, per Item 31, and Special IssueTM Relative Cumulative Net Capital Return to Strategic Partners to Special Issue TM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 31, revisited as Special IssueTM Net Return to I-ADCITM beyond full Special IssueTM Initial Capital recovery, reveal outstanding Special IssueTM Financial Effectiveness, built on Core Intellectual PropertyTM centered on the Inter-American · Country Trust ShareTM, per Items 3 and 8. 35. Special IssueTM Marginal Internal Rate of Return, per Item 33, and corresponding Marginal Cumulative Net Capital Return to Strategic Partners to Special Issue TM Maturity, beyond full I-ADCITM Initial Capital recovery, per Item 27, and Special IssueTM Relative Internal Rate of Return, per Item 34, and corresponding Relative Cumulative Net Capital Return to Strategic Partners to Special IssueTM Maturity, beyond full Special IssueTM Initial Capital recovery, per Item 34, where the former set, Special IssueTM Marginal Internal Rate of Return, per Item 33, and corresponding Marginal Cumulative Net Capital Return to Strategic Partners to Special IssueTM Maturity, beyond full I-ADCITM Initial Capital recovery, per Item 27, include all I-ADCITM Net Revenues, and reflect Initial Capital and all Capital Calls and Distributions, per Item 33, and where positive, in the absence of any other Special Issues TM Revenue, indicate extraordinary I-ADCITM Financial Effectiveness. 36. Special Issue Fixed Commission Fees for Specific Administrative Services are I-ADCI Cumulative Earnings, per Item 2, passed through to and shared between Strategic Partners, per Item 4, at 67.00 %, as Tax Exempt Fixed Commission Fees for Specific Administrative Services, per Item B Paragraph 2, on a Monthly basis, as in Item 5, on a fixed percentual basis for each. Note that data set structure in distinct boxes are identical in this report section. 37. Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions, to Special Issue TM Maturity, per Items 29 and 30, per Item 31, apportioned to Strategic Members per respective Interest Participations, on a Tax Exempt basis, per Item B Paragraph 2. 38. Special IssueTM Net Capital Return Distribution is the I-ADCITM Net Cash Return on Special IssueTM to Strategic Partners to Special IssueTM Maturity, and is the Tax Exempt Revenue, per Item B Paragraph 2, allowing them to render their share of I-ADCITM deliverables to Peru Development ConsortiumTM, per Item 33. 39. Interest Participations are Strategic Partner fixed percentual I-ADCITM ownership interests and corresponding invested amounts on Special IssueTM Subscription Closing Date, and together with I-ADCITM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, Operating Profit Capital Distributions, per Items 29 and 30, per Item 31, and In Special IssuesTM Capital Growth, per Item 25, to Special IssueTM Maturity, apportioned to Strategic Partners per respective Interest Participations on a Tax Exempt basis, per Item 37, determine final invested amounts on Special Issue TM Maturity. 40. Fixed Commission Fees are Strategic Partner fixed percentual shares of I-ADCITM Fixed General Services Commission FeesTM Revenue and corresponding Tax Exempt Gross amounts, per Item 36, and after Special Issue TM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special IssueTM Maturity, apportioned to Strategic Partners on a Tax Exempt basis, per Item 37, constitute the respective Special Issue TM Net Capital Return Distributions, per Item 38. 41. Internal Rates of Return are Strategic Partner Participation Interest defined I-ADCITM level Tax Exempt profitability indicators, corresponding to Special IssueTM Relative Internal Rate of Return, per Item 34, on a Tax Exempt Gross basis, per Item 36, and after Special IssueTM Cumulative Combined Inflation Capital Calls, Adjusted Growth Capital Calls, and Operating Profit Capital Distributions to Special IssueTM Maturity, apportioned to Strategic Partners on a Tax Exempt basis, per Item 37, are rendered to a Net Tax Exempt Cash Revenue basis in respect of their shares of I-ADCITM deliverables to Peru Development ConsortiumTM, per Item 38. Note: Special Issue CONSOLIDATED POOL INVESTMENT REPORT of September 18, 1999, and supporting documents, Special Issue POOL INVESTMENT PERFORMANCE REPORT of September 18, 2009, and Peru Development Consortium Special Issue Cumulative Cash Profit & Loss Statement of September 19, 2009 , are made an integral part of this I-ADCI Special Issue Cumulative Cash Profit & Loss Statement, by reference. ** Organized with Support from Florida Partnership of the Americas and Programa Bolivar Seed Money granted by Enterprise Florida, Incorporated Startup Capital granted by U.S. Aid for International Development (USAID) *** "Lighting Up the Future of Latin America and the Caribbean TM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 I-ADCI FINANCIALS "A Partnership for Development with the United States of America TM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Miami, USA "Business Capital of the Americas" Capital U.S.$ 356,898,597 ** Special Issue Cumulative Cash Profit & Loss Statement TM September 18, 1999 to September 18, 2009 Special Issue : TM No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: Tax Free Negotiable Non Voting U.S.$ 1,000,000,000.00 Issue Subscription Closing Date: September 18, 1999 Effective U.S. Inflation Rate to Maturity (U.S.$): Investment Pool Shares with Assured 2.50 % Issue Maturity Date: September 18, 2009 Capital Growth & DividendsTM Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 A. Peru Development Consortium 1. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in connection only with the Formulation of, and the provision of Special Support for, Select Development Projects TM in Peru, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America. 2. It is Administered by Strategic Members, with the Main Strategic Member TM as Manager, and Supported by Associate Members, under a Standard Autonomous Development Consortium Operating Agreement TM, with Special Support by Inter-American Development Capital InstituteTM, I-ADCITM, as a General Services and Core Intellectual Property Usage Rights ClientTM, under a Standard Development Consortium Special Support AgreementTM, implemented through I-ADCITM Strategic Partners in respect of Administration, and through Associate Partners in respect of Support, in accordance with the I-ADCI Operating AgreementTM. 3. It includes, under the Standard Autonomous Development Consortium Operating Agreement TM, as Strategic Members, only I-ADCITM Strategic Partners and their vigorously solvent Peruvian Local Counterparts TM, equal in number, with Main Strategic PartnerTM as Main Strategic MemberTM, requiring them to remain vigorously solvent, and that they jointly and severally maintain specified Development Consortium capitalization levels, and includes as Associate Members, only Peruvian Local Counterparts TM to I-ADCITM Associate Partners, not to exceed Strategic Members in number, requiring that Strategic Members and Associate Members be admitted or renewed, only by a favorable vote from all current Strategic Members, and only for five year terms, and that once Identified, Select Development Projects TM are Proposed, Formulated, and Underwritten, and that these actions be approved with a simple majority of favorable votes by Strategic Members, by number, which must include a favorable vote by the Main Strategic Member TM and Manager, who is entitled to project Underwriting Prioritization. 4. It Administers and Supports Inter-American · Peru TrustTM and Inter-American · Peru FundTM, as General Services and Core Intellectual Property Usage Rights Clients TM, under a Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, implemented through Strategic Members in respect of Administration, and Associate Members in respect of Support, in accordance with the Standard Autonomous Development Consortium Operating Agreement TM. 5. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Inter-American · Peru TrustTM and Inter-American · Peru FundTM, under the Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, with General Services Commission FeesTM fully passed through to and shared between Strategic Members, as fixed Commission Fees for Specific Administrative Services TM, in accordance with the Standard Autonomous Development Consortium Operating AgreementTM, and to I-ADCITM in accordance with the Standard Development Consortium Special Support AgreementTM, and with Core Intellectual Property Usage Rights Royalty FeesTM exclusively and fully passed through to I-ADCITM also in accordance with the Standard Development Consortium Special Support Agreement TM. B. Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) 1. Inter-American · Peru TrustTM is an Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, other Organization for Economic Cooperation and Development (OECD) member country major Exchanges, including electronic, and in the Lima Stock Exchange, funded exclusively through Special Issues TM of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, each intended solely to fund a specific Investment Pool consisting only of U.S. Treasury Zero Coupon Bonds and Common Stock issued by Inter-American · Peru FundTM in connection with Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development Consortium TM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. It enjoys a Special Universal General and Unlimited Tax-Exemp Status TM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. C. Inter-American · Capital Growth & Dividends Fund · Peru (Inter-American · Peru Fund) 1. Inter-American · Peru FundTM is a Mutual Fund Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, funded exclusively through the issuance of Common Stock to the Inter-American · Assured Capital Growth & Dividends Trust · PeruTM (Inter-American · Peru TrustTM), and investing solely in Common Stock Listed in both the New York Stock Exchange and Lima Stock Exchange, issued chiefly by Prime foreign and domestic corporations and their joint venture companies only for the whole or partial funding of Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development ConsortiumTM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. All Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd.. D. Inter-American Development Capital Institute (I-ADCI) 1. Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium Special Support Agreement TM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums. 2. It is Administered by Strategic Partners, with the Main Strategic PartnerTM as Manager, and Supported by Associate Partners, under the I-ADCI Operating AgreementTM, and establishes Client Development ConsortiumsTM, and corresponding Inter-American · Country TrustsTM and Inter-American · Country FundsTM, in the United States of America, domiciled in Miami, with each Development Consortium headquartered and operating in the respective country capital, and Inter-American · Country TrustsTM and Inter-American · Country FundsTM operating in Miami, preparing the required Standard Development Consortium Special Support AgreementTM, Standard Autonomous Development Consortium Operating AgreementTM, and Standard Inter-American · Country Trust and Country Fund Special Support AgreementTM, as contracts of adhesion, and reserving the right to make modifications, from time to time, without advance warning and at its sole discretion, with a simple majority of favorable votes by Strategic Partners, by number, which must include a favorable vote by the Manager. 3. It has seven Strategic Partners and twelve Associate Partners under the I-ADCI Operating AgreementTM, which admits, as Strategic Partners, only prime multinational U.S. firms pertaining to Foremost U.S. Global Financial and Support Service Groups TM, and as Associate Partners, only Organization of American States (OAS) and United Nations (UN) related Multilateral Organizations concerned with International Finance, International Trade, Intellectual Property, Education, Employment, Agriculture, Health, and Environmental Protection, solely for Mutual Informational Exchange, Technical and Oversight Advice, and Multilateral Political Support, and requires that Strategic Partners and Associate Partners be admitted only by a favorable vote from all current Strategic Partners, and commit to five year terms in the I-ADCITM, renewable only with a favorable vote by all Strategic Partners, as with I-ADCI Operating AgreementTM modifications. 4. It requires, under the I-ADCI Operating AgreementTM, as Main Strategic PartnerTM, a Broker Dealer Investment Banker and Underwriter active in all Stock Exchanges in every OECD Country, including electronic, and all Client Development Consortium TM Country Stock Exchanges, and, as additional Strategic Partners, a Fund Manager with broad First and Third World Country Fund and Unit Trust experience, a Common Stock Mutual Fund Investment Advisor with wide expertise in First World Industrial and Service firms in Third World countries, a Bank long established in First and Third World Corporate and Personal Banking, Brokerage Account Services, and as Mutual Fund related Securities Custodian and Registrar, a Business Consulting Firm with broad Investment Project Formulation experience, and a long record in Corporate Management Consulting in the First and Third Worlds, a Big Six Accounting Firm greatly familiar with First and Third World Accounting and Auditing Standards and Practices, and a Law Firm with major experience in First and Third World Joint Ventures, Investment Projects, and Intellectual Property. 5. It requires, under the I-ADCI Operating AgreementTM, that Strategic Partners remain vigorously solvent, that they jointly and severally maintain specified I-ADCITM capitalization levels, that they, and Associate Partners, provide each Client Development Consortium TM with deliverables required of I-ADCITM under the Standard Development Consortium Special Support AgreementTM, and that Strategic Partners be Strategic Members in all Development Consortiums, adhering in each case to the Standard Autonomous Development Consortium Operating Agreement TM, which requires, in turn, that Strategic Members remain vigorously solvent, that they jointly and severally maintain specified Development Consortium capitalization levels, and that they, and Associate Members, provide the Inter-American · Country TrustTM and Inter-American · Country FundTM, in each case, with deliverables required of each Development Consortium under the Standard Inter-American · Country Trust and Country Fund Special Support AgreementTM... 6. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Client Development ConsortiumsTM, under the Standard Development Consortium Special Support AgreementTM, with General Services Commission FeesTM partially passed through to and shared between Strategic Partners, as fixed Commission Fees for Specific Administrative Services TM, and with Profits or Losses after all I-ADCITM expenses, including Royalty Fees due to other owners of specific Core Intellectual PropertyTM, credited to Strategic Partners per their respective Interest Certificate participations, in accordance with the I-ADCI Operating AgreementTM. · 7. Core Intellectual PropertyTM is any Intellectual Property developed, acquired, or Licensed by I-ADCITM, that is used or applied, or potentially could, to distinct advantage, in connection with the Core Business of I-ADCITM, Development Consortiums, Country Trusts, and Country Funds, and includes, but is not limited to, Financial Instrument Designs, such as that of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, Special Insurance Designs, such as Post-Issuance-Defined-Minimum Positive Real Return Assurance TM, Business Plans, Organizational Designs, Software, Logos and Graphic Designs, Trademarks, Brands, Slogans, Jingles, and Advertisements, Promotions, and Materials, whether or not protected or protectable by Patents, Trademarks, Copyrights, Industrial Secret Protection Agreements, or other forms of protection, but does not include Intellectual Property that is pre-existing property of Strategic Partners, Strategic Members, or others, unless Licensed, or that pre-existed in the Public Domain. · 8. A Partnership for Development with the United States of AmericaTM, Conceptually Designed in 1993, to promote Development with ReciprocityTM, in the American hemisphere, is Core Intellectual PropertyTM that led to the tentative establishment of I-ADCITM in 1996 as a Chapter C Delaware Corporation, and incorporates and expands the Plan for the Promotion of Public and Private Savings and of National and Foreign Investment for the Reconstruction and Development of the Republic of Peru TM, or Capitals Capture PlanTM (CCPTM), a private Conceptual Design formulated in 1992, in response to the marked Developmental cesation, resulting from the aberrant terrorism visited on Peru from 1980 till then, calling for the establishment of a Peru Development Consortium TM, and was rooted in, and relied on, the issuance of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, then denominated Peru Trust Shares Participation CertificatesTM, Conceptually Designed in 1986. 9. Its versatile Organizational Design, led by I-ADCITM, with thirty four autonomous Client Development ConsortiumsTM, Country Trusts, and Country Funds, and Effective Functional Policies and ToolsTM, including Core Intellectual PropertyTM, brings together, with appropriate Country Local CounterpartsTM, the talents and influence of the Foremost U.S. Global Financial and Support Service Groups TM, and pertinent Multilateral Organizations in Support, for the Identification, Proposal, Formulation, Prioritization, Underwriting, and Funding by OECD Source Countries TM, of Select Development Projects of Relative Advantage with the Highest Returns and Acceptable RisksTM, in Target CountriesTM in the FTAA, in a true Partnership, at whose Core is the Inter-American · Country Trust ShareTM, a powerful Financial Instrument of Universal Investment AppealTM to Individuals, Corporations, Institutions, and States, because of its inherent Safety, Liquidity, Stability, Assured Capital Growth, and Monthly Pass Through DividendsTM, Tax Free, for the massive tapping of Foreign and National Private and Public Equity Capital. ** Organized with Support from Florida Partnership of the Americas and Programa Bolivar Seed Money granted by Enterprise Florida, Incorporated Startup Capital granted by U.S. Aid for International Development (USAID) *** "Lighting Up the Future of Latin America and the Caribbean TM" Original_Scenario_A Yes 30 Yes 5 Page 81 Original_Scenario_A Page 82  Original_Scenario_A 0.67 0.67 100 0.06 10000 5 15 0.085 0.25 40 -0.05 10000 3 0.11 0.2 0.03 12000 0.05 25000 0.05 0.1 25000 0.04 5000 Page 83  Original_Scenario_A 0.25 0.75 0.205 Page 84 Original_Scenario_B Page 85  Original_Scenario_B 0.8 0.67 0.075 0.09 Page 86  Original_Scenario_B 0.025 0.045 0.025 0.045 0.025 0.05 0.025 0.05 Page 87 Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 JOBS CREATION "A Partnership for Development with the United States of AmericaTM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Jobs Creation & Economic Impact Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Tax Free Negotiable Non Voting Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Capital Growth & DividendsTM Issue Maturity Date: September 18, 2009 Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 COMBINED COMMON STOCK PURCHASES AND INVESTMENT U.S.$ on Special IssueTM Subscription Closing Date Select Development ProjectsTM 1 391,244,300.00 Project Main Proximate and Long Term Objectives Common Stock · Camisea Pipeline Corp. J.V. · Royal Dutch Shell, Mobil Oil, Bechtel Corp., Cosapi S.A.: 100,000,000.00 Produce & Deliver Petroleum Gas to Andean Coastal Industrial and Domestic Markets Common Stock · Farm Services Corp. J.V. · Archer Daniels Midland, Cargil Corp., Graña y Montero S.A.: 87,750,000.00 Promote & Support Agricultural Industrial Research and Investment in Land Development Common Stock · Lima Mass Transit Corp. J.V. · Fluor Corp., Graña y Montero S.A., Cosapi S.A.: 72,500,000.00 Develop & Administer an Urban Rail Mass Transit and Rail Car Truck Cargo Exchange Common Stock · Ro-Ro Multi Ports Development Corp. J.V. · Bechtel Corp., U.S. President Line, ENAPU S.A.: 90,500,000.00 Develop & Administer a Ro-Ro Cabotage Port and Rail Car Truck Cargo Exchange Network Common Stock · Panamerican Highway Service Station and Truck Stop Network · Exxon Peru: 40,494,300.00 Develop & Administer a Coastal Highway Truck and Bus Service Stop and Support Network CORRESPONDING INVESTMENT JOB CREATION FACTORS Project Investment Amount per Direct Employment Position2 Select Development ProjectsTM Jobs P. J. Investment Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V. · Royal Dutch Shell, Mobil Oil, Bechtel Corp., Cosapi S.A.: 4,710 21,231.42 10,000,000.00 200,000.00 500,000.00 25,000.00 · Farm Services Corp. J.V. · Archer Daniels Midland, Cargil Corp., Graña y Montero S.A.: 11,425 7,680.49 5,000,000.00 50,000.00 100,000.00 10,000.00 · Lima Mass Transit Corp. J.V. · Fluor Corp., Graña y Montero S.A., Cosapi S.A.: 7,257 9,990.92 11,000,000.00 90,000.00 180,000.00 12,000.00 · Ro-Ro Multi Ports Development Corp. J.V. · Bechtel Corp., U.S. President Line, ENAPU S.A.: 23,538 3,844.92 12,000,000.00 100,000.00 20,000.00 5,000.00 · Panamerican Highway Service Station and Truck Stop Network · Exxon Peru: 3,988 10,152.86 20,000,000.00 90,000.00 250,000.00 12,000.00 50,918 7,683.86 44 4,415 6,167 40,291 Investment Weighted Average Project Jobs and Jobs Weighted Average Investment per Project Job: 7,396 7,683.86 8,951,465.38 88,607.18 63,438.97 9,710.42 Average Project Jobs per Million Dollar Investment and Average Project per Job Investment: 130 7,683.86 Project Direct Employment Positions3 Select Development ProjectsTM Jobs P. J. Investment Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V. · Royal Dutch Shell, Mobil Oil, Bechtel Corp., Cosapi S.A.: 4,710 21,231.42 10 500 200 4,000 · Farm Services Corp. J.V. · Archer Daniels Midland, Cargil Corp., Graña y Montero S.A.: 11,425 7,680.49 18 1,755 878 8,775 · Lima Mass Transit Corp. J.V. · Fluor Corp., Graña y Montero S.A., Cosapi S.A.: 7,257 9,990.92 7 806 403 6,042 · Ro-Ro Multi Ports Development Corp. J.V. · Bechtel Corp., U.S. President Line, ENAPU S.A.: 23,538 3,844.92 8 905 4,525 18,100 · Panamerican Highway Service Station and Truck Stop Network · Exxon Peru: 3,988 10,152.86 2 450 162 3,375 50,918 7,683.86 44 4,415 6,167 40,291 Investment Weighted Average Project Jobs and Jobs Weighted Average Investment per Project Job: 7,396 7,683.86 7 738 373 6,113 Average Project Jobs per Million Dollar Investment and Average Project per Job Investment: 130 7,683.86 Sector Investment Amount per Position Relative to Project4 Select Development ProjectsTM Sectors R. I. P. W. I. P. W. Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V.: Basic Industrial Energy Infrastructure Sector: 1.00 99.00 90.00 % 95.00 % 97.50 % 98.00 % · Farm Services Corp. J.V.: Agricultural and Agro-Industrial Sector: 1.18 116.86 95.00 % 97.00 % 99.00 % 105.00 % · Lima Mass Transit Corp. J.V.: Urban Transportation Infrastructure Sector: 1.90 188.53 88.00 % 90.00 % 100.00 % 110.00 % · Ro-Ro Multi Ports Development Corp. J.V.: Maritime Transportation Infrastructure Sector: 5.09 503.46 85.00 % 96.00 % 99.00 % 102.50 % · Panamerican Highway Service Station and Truck Stop Network: Land Transportation Infrastructure Sector: 4.06 402.32 90.00 % 98.00 % 98.50 % 95.00 % 2.65 262.03 114.09 % 102.32 % 67.58 % 83.02 % I. P. W. Weighted Average Sector R. I. P. W. and R. I. P. W. Weighted Average Sector I. P. W.: 3.66 362.04 88.24 % 95.25 % 99.01 % 102.11 % Average Sector R. I. P. W. and Average Sector I. P. W.: 2.65 262.03 Sector Investment Amount per Employment Position5 Select Development ProjectsTM Sectors Indirect Investment I. M. Factor Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V.: Basic Industrial Energy Infrastructure Sector: 310,000,000.00 3.10 9,000,000.00 190,000.00 487,500.00 24,500.00 · Farm Services Corp. J.V.: Agricultural and Agro-Industrial Sector: 166,725,000.00 1.90 4,750,000.00 48,500.00 99,000.00 10,500.00 · Lima Mass Transit Corp. J.V.: Urban Transportation Infrastructure Sector: 507,500,000.00 7.00 9,680,000.00 81,000.00 180,000.00 13,200.00 · Ro-Ro Multi Ports Development Corp. J.V.: Maritime Transportation Infrastructure Sector: 1,086,000,000.00 12.00 10,200,000.00 96,000.00 19,800.00 5,125.00 · Panamerican Highway Service Station and Truck Stop Network: Land Transportation Infrastructure Sector: 607,414,500.00 15.00 18,000,000.00 88,200.00 246,250.00 11,400.00 2,677,639,500.00 7.80 262 29,534 62,455 332,163  I. M. Factor Weighted Average Investment per Sector and Investment Weighted Average Sector I. M. Factor: 691,628,076.92 10.07 10,212,671.14 90,663.18 42,873.39 8,061.22 Average Investment per Sector and Average Sector I. M. Factor: 535,527,900.00 7.80 Sector Relative Employment Position Frequencies6 Select Development ProjectsTM Sectors R. E. P. W. E. P. W. Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V.: Basic Industrial Energy Infrastructure Sector: 1.00 434 100 4,737 1,846 36,735 ### · Farm Services Corp. J.V.: Agricultural and Agro-Industrial Sector: 1.38 599 102 9,980 4,889 46,099 ### · Lima Mass Transit Corp. J.V.: Urban Transportation Infrastructure Sector: 2.09 908 152 18,190 8,185 111,620 ### · Ro-Ro Multi Ports Development Corp. J.V.: Maritime Transportation Infrastructure Sector: 6.02 2,613 309 32,843 159,238 615,201 ### · Panamerican Highway Service Station and Truck Stop Network: Land Transportation Infrastructure Sector: 4.28 1,857 98 19,994 7,161 154,690 ### 2.95 1,282 152 17,149 36,264 192,869 E. P. W. Weighted Average Sector R. E. P. W. and R. E. P. W. Weighted Average Sector E. P. W.: 4.18 1,817 194 22,473 68,278 312,884 Average Sector R. E. P. W. and Average Sector E. P. W.: 2.95 1,282 Indirect Employment Positions per Project7 Select Development ProjectsTM Sectors Indirect Jobs E. M. Factor Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V.: Basic Industrial Energy Infrastructure Sector: 14,955 3.18 34 1,632 636 12,653 · Farm Services Corp. J.V.: Agricultural and Agro-Industrial Sector: 21,035 1.84 35 3,438 1,684 15,879 · Lima Mass Transit Corp. J.V.: Urban Transportation Infrastructure Sector: 47,584 6.56 52 6,265 2,819 38,447 · Ro-Ro Multi Ports Development Corp. J.V.: Maritime Transportation Infrastructure Sector: 278,170 11.82 106 11,313 54,848 211,902 · Panamerican Highway Service Station and Truck Stop Network: Land Transportation Infrastructure Sector: 62,669 15.71 34 6,887 2,467 53,282 424,414 7.82 262 29,534 62,455 332,163 E. M. Factor Weighted Average Jobs per Sector and Jobs Weighted Average Sector E. M. Factor: 119,434 11.00 52 5,316 2,593 41,369 Average Jobs per Sector and Average Sector E. M. Factor: 84,883 7.82 CUMULATIVE JOBS CREATION AND ECONOMIC IMPACT Project Direct and Indirect Employment8 Select Development ProjectsTM Sectors Total Investment Total Jobs Executives Support Staff Technical Staff Workers · Camisea Pipeline Corp. J.V.: Basic Industrial Energy Infrastructure Sector: 410,000,000.00 19,665 44 2,132 836 16,653 · Farm Services Corp. J.V.: Agricultural and Agro-Industrial Sector: 254,475,000.00 32,460 53 5,193 2,562 24,654 · Lima Mass Transit Corp. J.V.: Urban Transportation Infrastructure Sector: 580,000,000.00 54,841 59 7,071 3,222 44,489 · Ro-Ro Multi Ports Development Corp. J.V.: Maritime Transportation Infrastructure Sector: 1,176,500,000.00 301,707 114 12,218 59,373 230,002 · Panamerican Highway Service Station and Truck Stop Network: Land Transportation Infrastructure Sector: 647,908,800.00 66,658 36 7,337 2,629 56,656 3,068,883,800.00 475,331 306 33,949 68,622 372,454 On Special IssueTM Subscription 9 On Special IssueTM Maturity10 S. I. Economic Impact12 U.S.$ Actual on S. I. M.14 Investment Imported Material Component: 30.00 % 25.00 % Final G. N. P.: 91,549,946,863.75 142,174,268,040.68 Investment Imported Labor Component: 10.00 % 7.50 % Cumulative G. N. P.: 720,042,941,882.58 943,149,553,684.66 Investment Imported Labor Component Productivity Factor: 7.00 5.00 Term Economic Development11 On Source CountryTM Exports On Peru G. N. P. by Components G. N. P. on S. I. S.: 100.00 % 52,028,000,000.00 100.00 % 52,028,000,000.00 52,028,000,000.00 100.00 % Direct: 117,373,290.00 I. L. Dir: 137,362,985.63 G. N. P. Growth Rate to S. I. M.: 6.00 % 41,146,223,955.73 5.50 % 36,843,339,879.22 39,521,946,863.75 5.81 % Cumul: 824,071,013.93 I. L. Cum: 3,695,034,190.50 G. N. P. on S. I. M.: 179.08 % 93,174,223,955.73 170.81 % 88,871,339,879.22 91,549,946,863.75 175.96 % G. N. P. Reconciliation13 D. L. Dir: 176,609,552.95 N. L. F. on S. I. S.: 100.00 % 18,000,000 100.00 % 18,000,000 18,000,000 100.00 % 52,028,000,000.00 D. L. Cum: 7,380,848,131.87 N. L. F. Effective Unemployment Rate: 25.00 % 4,500,000 25.00 % 4,500,000 4,500,000 25.00 % 41,146,223,955.73 D. M. Dir: 273,871,010.00 N. L. F. on S. I. M.: 100.00 % 27,487,597 100.00 % 31,289,095 31,289,095 100.00 % 93,174,223,955.73 D. M. Cum: 2,244,812,786.07 N. L. F. Effective Unemployment Rate on S. I. M.: 20.00 % 5,497,519 22.00 % 6,883,601 6,408,270 20.48 % (4,302,884,076.51) On Peru G. N. P. All Components E. N. L. F. and Population on S. I. S.: 100.00 % 13,500,000 25,700,000 13,500,000 13,500,000 25,700,000 88,871,339,879.22 Direct: 587,843,548.58 E. N. L. F. and Population Growth Rate to S. I. M.: 5.00 % 5.00 % 1.70 % 6.10 % 6.30 % 1.95 % G. N. P. I.: 2,678,606,984.53 Cumul: 13,320,695,108.44 E. N. L. F. and Population on S. I. M.: 162.89 % 21,990,077 30,418,840 24,405,494 24,880,826 31,174,926 91,549,946,863.75 3.01 % 0.30 % E. N. L. F. and Population P. C. G. N. P. on S. I. S.: 100.00 % 3,853.93 2,024.44 3,853.93 3,853.93 2,024.44 3,641.45 2,850.73 1.05 % 3.01 % E. N. L. F. and Population P. C. G. N. P. on S. I. M.: 109.94 % 4,237.10 3,063.04 3,641.45 3,679.54 2,936.65 3,679.54 2,936.65 0.10 % 0.30 % Term Investment and Employment Special IssueTM Equivalency S. I. Term Spreadout S. I. Term Spreadout S. I. Term Growth S. I. Term Growth Term Investment Equivalency Rate15 Ratio16 Face Value17 Annuity Value18 Cumulative19 Dir. Investment20 Total Investment21 Annuity Value22 Cumulative23 Cumulative G. N. P.24 Cumulative S. C. E.25 Ex Special IssueTM Term New Investment: 5.81 % 14.00 13,996,435,265.31 1,781,358,340.40 17,813,583,403.95 5,476,025,517.87 42,953,433,443.45 3,106,781,934.67 31,067,819,346.72 186,442,246,774.14 11,534,056,600.47 Special IssueTM Investment: 5.81 % 1.00 1,000,000,000.00 127,272,288.02 1,272,722,880.24 391,244,300.00 3,068,883,800.00 221,969,514.08 2,219,695,140.79 13,320,695,108.44 824,071,013.93 Total Term New Investment: 5.81 % 15.00 14,996,435,265.31 1,908,630,628.42 19,086,306,284.19 5,867,269,817.87 46,022,317,243.45 3,328,751,448.75 33,287,514,487.50 199,762,941,882.58 12,358,127,614.40 Term Employment Equivalency Rate 26 Ratio Employment Value 27 28 Annuity Value29 Cumulative 30 Dir. Employment 31 Total Employment32 Annuity Value33 Cumulative 34 Cumulative I. L. C. 35 Cumulative I. L. C.36 Ex Special IssueTM Term Employment Growth: 6.30 % 22.94 10,905,494 1,414,029 14,140,293 1,168,200 10,905,494 1,414,029 14,140,293 51,717,306,850.41 4,081,240 Special IssueTM Employment: 6.30 % 1.00 475,331 61,632 616,325 50,918 475,331 61,632 616,325 3,695,034,190.50 177,887 Total Term Employment Growth: 6.30 % 23.94 11,380,826 1,475,662 14,756,618 1,219,118 11,380,826 1,475,662 14,756,618 55,412,341,040.91 4,259,127 ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the Caribbean TM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 JOBS CREATION "A Partnership for Development with the United States of AmericaTM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Jobs Creation & Economic Impact Statement TM September 18, 1999 to September 18, 2009 Special Issue :TM No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Tax Free Negotiable Non Voting Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Capital Growth & DividendsTM Issue Maturity Date: September 18, 2009 Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 U.S.$ on Special IssueTM Subscription Closing Date Growth38 U.S.$ Actual to S. I. M.39 First Year First Year Final Year Indirect Gr. Cumulative Cumulative JOBS CREATION AND ECONOMIC IMPACT ANALYSIS Direct Indirect Direct and Indirect Indirect Term Gr. Direct and Indirect Direct and Indirect Incremental Exports by Source CountriesTM (O. E. C. D.): 37 30.00 % 117,373,290.00 26,360,702.92 143,733,992.92 142,814,743.55 18.41 % 26.85 % 824,071,013.93 958,427,803.65 Investment: 100.00 % 391,244,300.00 89,485,744.69 480,730,044.69 571,258,974.20 20.37 % 100.00 % 3,068,883,800.00 3,947,276,199.67 Investment Imported Material Component: 30.00 % 117,373,290.00 26,360,702.92 143,733,992.92 142,814,743.55 18.41 % 26.85 % 824,071,013.93 958,427,803.65 Investment Domestic Material Component: 70.00 % 273,871,010.00 63,125,041.77 336,996,051.77 428,444,230.65 21.11 % 73.15 % 2,244,812,786.07 2,988,848,396.02 Effective National Labor Force after Investment: 100.38 % 13,550,918 887,162 14,438,080 24,880,826 6.30 % 101.14 % 191,855,068 3,753.06 Ex Special IssueTM Effective National Labor Force: 100.00 % 13,500,000 823,500 14,323,500 24,405,494 6.10 % 100.00 % 189,684,089 3,725.79 Investment Impact on Effective National Labor Force: 100.00 % 50,918 63,662 114,580 475,331 22.27 % 100.00 % 2,170,979 6,135.80 Investment Imported Labor Component: 10.00 % 5,092 6,186 11,277 35,650 19.14 % 8.19 % 177,887 20,771.85 Investment Domestic Labor Component: 90.00 % 45,826 57,476 103,302 439,681 22.56 % 91.81 % 1,993,092 3,703.21 Gross National Product after Investment: 101.13 % 52,615,843,548.58 3,305,362,470.22 55,921,206,018.80 91,549,946,863.75 5.81 % 101.88 % 720,042,941,882.58 943,149,553,684.66 Ex Special IssueTM Gross National Product: 100.00 % 52,028,000,000.00 2,861,540,000.00 54,889,540,000.00 88,871,339,879.22 5.50 % 100.00 % 706,722,246,774.14 925,083,553,572.74 Investment Impact on Gross National Product: 100.00 % 587,843,548.58 443,822,470.22 1,031,666,018.80 2,678,606,984.53 19.69 % 100.00 % 13,320,695,108.44 18,066,000,111.91 Investment Domestic Material Component Impact on G. N. P.: 46.59 % 273,871,010.00 63,125,041.77 336,996,051.77 428,444,230.65 21.11 % 16.85 % 2,244,812,786.07 2,988,848,396.02 Investment Imported Labor Component Impact on G. N. P.: 23.37 % 137,362,985.63 160,440,103.81 297,803,089.44 649,085,409.77 15.00 % 27.74 % 3,695,034,190.50 4,955,428,662.56 Investment Domestic Labor Component Impact on G. N. P.: 30.04 % 176,609,552.95 220,257,324.64 396,866,877.59 1,601,077,344.11 21.94 % 55.41 % 7,380,848,131.87 10,121,723,053.33 Per Capita E. N. L. F. Gross National Product after Investment: 100.00 % 3,882.83 (9.65) 3,873.17 3,679.54 (0.46)% 100.00 % 3,753.06 4,915.95 Per Capita E. N. L. F. G. N. P. Domestic Material Component: 46.59 % 1,808.97 (543.79) 1,265.18 588.54 (10.62)% 16.85 % 632.47 813.30 Per Capita E. N. L. F. G. N. P. Imported Labor Component: 23.37 % 907.31 210.73 1,118.04 891.63 (0.17)% 27.74 % 1,041.06 1,348.42 Per Capita E. N. L. F. G. N. P. Domestic Labor Component: 30.04 % 1,166.54 323.41 1,489.95 2,199.36 6.55 % 55.41 % 2,079.53 2,754.23 Per Capita Ex Special IssueTM E. N. L. F. G. N. P.: 99.26 % 3,853.93 (21.79) 3,832.13 3,641.45 (0.57)% 99.27 % 3,725.79 4,876.97 Per Capita Investment Impact on E. N. L. F. G. N. P.: 100.00 % 28.90 12.14 41.04 38.09 2.80 % 100.00 % 27.27 38.98 Per Capita I. I. on E. N. L. F. G. N. P. Domestic M. C.: 46.59 % 13.46 (0.06) 13.41 6.09 (7.62)% 16.85 % 4.60 6.45 Per Capita I. I. on E. N. L. F. G. N. P. Imported L. C.: 23.37 % 6.75 5.09 11.85 9.23 3.17 % 27.74 % 7.56 10.69 Per Capita I. I. on E. N. L. F. G. N. P. Domestic L. C.: 30.04 % 8.68 7.11 15.79 22.77 10.12 % 55.41 % 15.11 21.84 Per Capita E. N. L. F. G. N. P. by Imported Labor: 100.00 % 26,977.48 (570.51) 26,406.97 18,207.24 (3.86)% 100.00 % 219,170.63 276,805.08 Per Capita E. N. L. F. G. N. P. by Domestic Labor: 14.29 % 3,853.93 (12.13) 3,841.80 3,641.45 (0.57)% 17.05 % 37,370.36 47,810.26 Per Capita Population G. N. P. after Investment: 7.59 % 2,047.31 86.99 2,134.30 2,936.65 3.67 % 11.41 % 25,011.48 32,537.14 Per Capita Ex Special IssueTM Population G. N. P.: 7.50 % 2,024.44 70.49 2,094.93 2,850.73 3.48 % 11.20 % 24,556.11 31,923.78 Per Capita Investment Impact on Population G. N. P.: 100.00 % 22.87 16.50 39.37 85.92 14.15 % 100.00 % 455.37 613.35 Per Capita I. I. on Population G. N. P. Domestic M. C.: 46.59 % 10.66 2.21 12.86 13.74 2.58 % 16.85 % 76.74 101.47 Per Capita I. I. on Population G. N. P. Imported L. C.: 23.37 % 5.34 6.02 11.37 20.82 14.57 % 27.74 % 126.31 168.24 Per Capita I. I. on Population G. N. P. Domestic L. C.: 30.04 % 6.87 8.27 15.15 51.36 22.28 % 55.41 % 252.31 343.64 1. Select Development Projects underwritten in whole, by Special Issue Subscription Opening Date, September 15, 1999 , by Merril Lynch & Co., as Leader, in Syndicate with Credibolsa S.A.B., and others, per the I-ADCI Operating Agreement, Item D Paragraphs, 4, 5, 6, and in the context of Paragraphs 1, 2, 3, 7, 8, 9, and 10. Refer to Items A, B, and C pertaining to Peru Development Consortium, Inter-American · Peru Trust, and Inter-American · Peru Fund, respectively. 2. Project Investment Amount per Direct Employment Position of a given type is the ratio of the Project Investment and the number of Employment Positions of that type actually required Directly by the Project. 3. Project Direct Employment Positions of a given type are the number of those Employment Positions actually required Directly by the Project per Item 2. 4. Sector Investment Amount per Position Relative to Project, for a position of a given type, is analogous to Item 2, but applies on average over Special Issue TM Term, to the entire Sector in question, and is expressed as a percentage of the corresponding Amount in Item 2. These values reflect the ratios of Sector Investment Amounts per Employment Position, as below, and Project Investment Amounts per Direct Employment Position per Item 2. Relative Investment Pyramid Width, or R. I. P. W., and Investment Pyramid Width, or I. P. W., are analogous measures of Sector Median Investment Amount for Positions of all types compared to Sector Investment Amount required for Workers Positions, with R. I. P. W. expressed in terms of the I. P. W. value for the Special Issue Base Project, Camisea Pipeline Corp. J.V. Values in this Item are provided for reference only. 5. Sector Investment Amount per Employment Position, for a position of a given type, is the ratio of Cumulative Sector Investment Amount, over Special Issue TM Term, and the corresponding Cumulative Sector Employment Positions of that type filled. Sector Investment Multiplier Factor, or I. M. F., reflects actual Direct Investment effectiveness in generating Indirect Investment, and is the ratio of Cumulative Indirect Investment amount attributable to a given Direct Investment, in these and other Sectors, over Special Issue TM Term, shown to the left, and the Direct Investment amount, shown in Item 1. 6. Sector Relative Employment Position Frequency, for a position of a given type, is the Cumulative Employment Positions actually required by Investment in the Sector, over Special Issue TM Term, but indexed to corresponding Executive Positions actually required by Project Indirect Investment in the Special Issue TM  Base Project Sector, Basic Industrial Energy Infrastructure Sector, and elsewhere, as below. Relative Employment Pyramid Width, or R. E. P. W., and Employment Pyramid Width, or E. P. W., are analogous measures of Combined Sector Relative Employment Position Frequencies compared to Sector Relative Employment Position Frequency for Executive Positions, with R. E. P. W. expressed in terms of the E. P. W. value for the Special Issue Base Project, Camisea Pipeline Corp. J.V. Values in this Item are provided for reference only. 7. Indirect Employment Positions per Project, for a position of a given type, is the Cumulative Employment Positions actually required by Project Indirect Investment in these and other Sectors, over Special Issue TM Term, per Item 6. Sector Employment Multiplier Factor, or E. M. F., reflects actual Direct Investment effectiveness in generating Indirect Employment, and is the ratio of Cumulative Indirect Employment Positions attributable to a given Direct Investment, over Special Issue TM Term, shown to the left, and the Project Direct Employment Positions, shown in Items 2 and 3. 8. Project Direct and Indirect Employment, for a position of a given type, is the combined Employment, Cumulative over Special Issue TM Term, attributable to the Project, or Jobs Creation Effect. Corresponding Total Investment and Total Jobs are shown to the left for reference. 9. Data in this Item reflect actual values and expected trends and results, Ex Special IssueTM, on Special IssueTM Subscription Closing Date, except for top rightmost G. N. P. and N. L. F. related data set percentages which pertain to Item below. 10. Data in this Item reflect actual final Investment Imported Component related data and actual trends and results to Special Issue TM Maturity Date. The leftmost G. N. P., N. L. F., and E. N. L. F. and Population related data set reflects actual trends and results, Ex Special Issue TM, to Special IssueTM Maturity Date, with Per Capita figures corresponding to E. N. L. F. The three remaining data sets on right include and reflect Special Issue TM Economic Impact on actual trends and results, to Special Issue TM Maturity Date, as below. Note that E. N. L.F. refers to Effective National Labor Force. 11. Term Economic Development data reflect actual Special Issue TM Economic Impact on G. N. P. and its growth, and on E. N. L. F. and Population and their growth and productivities, or Per Capita G. N. P. Values. Note that E. N. L. F. refers to Effective National Labor Force. 12. S. I. Economic Impact refers to Special IssueTM Term Economic Impact, and on left shows Impact on Source CountryTM Exports resulting from Special IssueTM Select Development ProjectsTM Direct Investment in Peru, included therein as Investment Imported Material Component, labeled as Direct, and the Cumulative Amount of Source CountryTM Exports resulting from Special IssueTM Select Development ProjectsTM Direct and Indirect Investment in Peru to Special IssueTM Maturity Date, labeled as Cumulative. No attempt has been made to determine Special IssueTM total Economic Impact on Source CountriesTM. Also shown on left within Item 13, G. N.P. Reconciliation, is Special IssueTM Term Economic Impact on Peru final Term Year G. N. P., or G. N. P. I., and, indirectly, Special Issue TM Term Economic Impact on E. N. L. F. and Population productivities, or Per Capita G. N. P. Values, where Special Issue TM Impact on N. L. F. growth and Population growth is deemed negligible. Shown on right is Special IssueTM Term Economic Impact On Peru G. N. P., by Components, Direct and Cumulative, and in toto as On Peru G. N. P. All Components, where the latter corresponds to and includes G. N. P. I., and is shown with its real and corresponding annual rate. Bottom percentage data sets on right are total growth and annual rates corresponding to Special Issue TM Term Economic Impact on E. N. L. F. and Population Per Capita G. N. P. This Item does not properly include topmost figures, actual Final G. N. P. on Special Issue TM Maturity, or G. N. P. growth significance actual G. N. P. in Special IssueTM final Term Year, and actual Cumulative G. N. P. to Special IssueTM Maturity Date, which reflect Special IssueTM Term Economic Impact. Note that E. N. L. F. refers to Effective National Labor Force. 13. G. N. P. Reconciliation data shown are Reconciliation of Ex Special IssueTM G. N. P., prior to first Special IssueTM Term Year, with its expected value on Special IssueTM Maturity, or in final Term Year, per Item 9, Reconciliation of the latter with actual Ex Special Issue TM G. N. P. on Special IssueTM Maturity, or in final Term Year, per Item 10, and Reconciliation of the latter with actual Final G. N. P. on Special IssueTM Maturity, or in final Term Year, per Item 11. The latter Reconciliation is the Special IssueTM G. N. P. Economic Impact, or G. N. P. I., on G. N. P. in final Term Year. Special IssueTM Term Economic Impact on E. N. L. F. and Population productivities, or Per Capita G. N. P. values, can be determined through Reconciliation of Ex Special Issue TM values on Special IssueTM Maturity per Item 10 with actual values on Special IssueTM Maturity per Item 11, repeated below except for Ex Special IssueTM E. N. L. F. Per Capita G. N. P. value on Special IssueTM Maturity. To this effect, the latter value can be computed from Ex Special Issue TM G. N. P. on Special IssueTM Maturity per Item 10 and Population on Special IssueTM Maturity per item 11, considering that Special IssueTM Impact on Population growth is negligible per Item 12. Note that E. N. L. F. refers to Effective National Labor Force. 14. U.S.$ Actual on S. I. M. refers to valuations in terms of U.S. Dollars on Special IssueTM Maturity Date, in distinct box, and applies only to actual Final G. N. P. on Special Issue TM Maturity, or actual G. N. P. in Special IssueTM final Term Year, with actual Cumulative G. N. P. to Special IssueTM Maturity Date being a summation of actual annual G. N. P. amounts in current U.S. dollars for each Term Year, both of which reflect Special Issue TM Term Economic Impact, and correspond to topmost data listed below Item 12, S. I. Economic Impact, but not properly included therein. All other dollar values in this report are in terms of U.S. dollars on Special IssueTM Subscription Closing Date, unless noted. 15. Rate refers to effective G. N. P. Growth Rate to Special IssueTM Maturity per Item 11. 16. Ratio refers to Ex Special IssueTM G. N. P. Term Growth, per Item 10, except Cumulative to Special IssueTM Maturity, compared to Special IssueTM G. N. P. I. Cumulative to Special IssueTM Maturity, per Item 14, Special IssueTM G. N. P. I. Cumulative to Special IssueTM Maturity in respect of itself, and G. N. P. Term Growth, per Item 11, except Cumulative to Special IssueTM Maturity, compared to Special IssueTM G. N. P. I. Cumulative to Special IssueTM Maturity. 17. Face Value refers to combined Special IssuesTM face value required to account for Ex Special IssueTM G. N. P. Term Growth per Item 10, except Cumulative to Special Issue TM Maturity, per the respective Ratio per Item 16, if such combined Special Issues TM had been the only source of Direct Investment made in Peru, and corresponding Indirect Investment, to Special IssueTM Maturity, and had been concurrent with Special IssueTM. 18. Annuity Value refers to Face Value of annual beginning-of-year combined Special Issues TM, to Special IssueTM Maturity, equivalent to Face Value per Item 17 at effective G. N. P. Growth Rate to Special Issue TM Maturity per Item 11. 19. Cumulative refers to summation of Annuity Value per Item 18 to Special IssueTM Maturity. 20. Direct Investment refers to Direct Investment that would result from Special IssuesTM Face Value per Item 17, per Special IssueTM Direct Investment amount and Ratio per Item 16. 21. Total Investment refers to Direct and Indirect Investment that would result from Special IssuesTM Face Value per Item 17, Cumulative to Special IssueTM Maturity, per Special IssueTM Direct and Indirect Investment amounts and Ratio per Item 16. 22. Annuity Value refers to annual beginning-of-year amount, to Special Issue TM Maturity, equivalent to Total Investment per Item 21 at effective G. N. P. Growth Rate to Special IssueTM Maturity per Item 11. 23. Cumulative refers to summation of Annuity Value per Item 22 to Special IssueTM Maturity. 24. Cumulative G. N. P. refers to Ex Special IssueTM G. N. P. Term Growth, per Item 10, except Cumulative to Special Issue TM Maturity, Special IssueTM G. N. P. I. Cumulative to Special IssueTM Maturity, per Item 14, and G. N. P. Term Growth, per Item 11, except Cumulative to Special IssueTM Maturity. 25. Cumulative S. C. E. Refers to Ex Special IssueTM Source CountryTM Exports to Peru Term Growth, or Cumulative to Special IssueTM Maturity, Special IssueTM Source CountryTM Exports to Peru Cumulative to Special IssueTM Maturity per Item 12, and Source CountryTM Exports to Peru Cumulative to Special IssueTM Maturity. 26. Rate refers to effective Employment Growth Rate to Special Issue TM Maturity per Item 11. 27. Ratio refers to Ex Special IssueTM Employment Term Growth, per Item 10, compared to Special IssueTM Direct and Indirect Employment Cumulative to Special IssueTM Maturity, per Item 8, Special IssueTM Direct and Indirect Employment Cumulative to Special IssueTM Maturity in respect of itself, and Employment Term Growth, per Item 11, compared to Special IssueTM Direct and Indirect Employment Cumulative to Special IssueTM Maturity. 28. Employment Value refers to combined Special IssuesTM Employment Value required to account for Ex Special IssueTM Employment Term Growth per Item 10, per the respective Ratio per Item 27, if such combined Special Issues TM had been the only source of Direct Employment made in Peru, and corresponding Indirect Employment, to Special IssueTM Maturity, and had been concurrent with Special Issue TM. 29. Annuity Value refers to Employment Value of annual beginning-of-year combined Special Issues TM, to Special IssueTM Maturity, equivalent to Employment Value per Item 28 at effective Employment Growth Rate to Special Issue TM Maturity per Item 11. 30. Cumulative refers to summation of Annuity Value per Item 29 to Special IssueTM Maturity. 31. Direct Employment refers to Direct Employment that would result from Special IssuesTM Employment Value per Item 28, per Special IssueTM Direct Employment and Ratio per Item 27. 32. Total Employment refers to Direct and Indirect Employment that would result from Special IssuesTM Employment Value per Item 28, Cumulative to Special IssueTM Maturity, per Special IssueTM Direct and Indirect Employment and Ratio per Item 27. 33. Annuity Value refers to annual beginning-of-year Employment, to Special IssueTM Maturity, equivalent to Total Employment per Item 32 at effective Employment Growth Rate to Special IssueTM Maturity per Item 11. 34. Cumulative refers to summation of Annuity Value per Item 33 to Special IssueTM Maturity. 35. Cumulative I. L. C. refers to Imported Labor Component of G. N. P. Term Growth, per Item 24, Imported Labor Component of Special Issue TM G. N. P. I. Cumulative to Special IssueTM Maturity, per Item 14, and Imported Labor Component of G. N. P. Term Growth, per Item 24. 36. Cumulative I. L. C. refers to Imported Labor Component of Ex Special IssueTM Employment Term Growth, per Item 10, except Cumulative to Special Issue TM Maturity, per Items 28 and 32, Imported Labor Component of Special IssueTM Employment Cumulative to Special IssueTM Maturity, per Item 8, and per Items 28 and 32, and Imported Labor Component of Employment Term Growth, per Item 11, except Cumulative to Special Issue TM Maturity, per Items 28 and 32. 37. Incremental Exports by Source CountriesTM (O. E. C. D.) are Impact on Source CountryTM Exports resulting from Special IssueTM Select Development ProjectsTM Direct and Indirect Investment in Peru. Direct refers to Source CountryTM Exports resulting from Select Development ProjectsTM Direct Investment, included therein as Investment Imported Material Component. First Year Direct and Indirect refers to Source CountryTM Exports resulting from Special IssueTM Select Development ProjectsTM Direct and Indirect Investment in the Special IssueTM first Term Year. Cumulative Direct and Indirect refers to such Source CountryTM Exports Cumulative to Special IssueTM Maturity Date. Note that Indirect Growth and Term Growth refer to annual rate of growth due to Select Development Projects TM Indirect Investment, and to annual rate of growth due to Select Development ProjectsTM Direct and Indirect Investment, respectively, to Special IssueTM Maturity Date in each case. 38. Indirect Growth and Term Growth refer to annual rate of growth due to Select Development Projects TM Indirect Investment, and to annual rate of growth due to Select Development Projects TM Direct and Indirect Investment, respectively, to Special Issue TM Maturity Date in each case. 39. U.S.$ Actual to S. I. M. refers to valuations as summations of actual annual amounts in current U.S. dollars for each Term Year Cumulative to Special Issue TM Maturity Date, and applies to all dollar values in this Item. Data set in distinct box are average E. N. L. F. productivities, or Per Capita G. N. P. values, to Special IssueTM Maturity Date. Average E. N. L. F. productivity after Special IssueTM Select Development ProjectsTM Cumulative Direct and Indirect Investment, analogous productivity figure corresponding to Ex Special IssueTM values, average incremental E. N. L. F. productivity corresponding to Investment Impact on G. N. P. and Investment Impact on E. N. L. F., or productivity attributable to the incremental E. N. L. F. created by Special Issue TM Select Development ProjectsTM Cumulative Direct and Indirect Investment. Also shown are analogous productivity figures corresponding to the Imported Labor Component and the Domestic Labor Component, respectively. Note that E. N. L. F. refers to Effective National Labor Force. Note: Special Issue CONSOLIDATED POOL INVESTMENT REPORT of September 18, 1999, and supporting documents, Special Issue POOL INVESTMENT PERFORMANCE REPORT of September 18, 2009, together with Peru Development Consortium Special Issue Cumulative Cash Profit & Loss Statement of September 19, 2009 , are made an integral part of this Special Issue Cumulative Jobs Creation & Economic Impact Statement, by reference. ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the Caribbean TM" Financial Tools´ © Enrique A. Woll B. 1992-2014. All Rights Reserved. June 6, 2015 01:22 JOBS CREATION "A Partnership for Development with the United States of AmericaTM" Inter-American Development Capital Institute "Leadership for ProsperityTM" *** Peru Development Consortium "They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM" Lima, "Ciudad de los Reyes" Capital U.S.$ 58,847,090 ** Special Issue Cumulative Jobs Creation & Economic Impact Statement TM September 18, 1999 to September 18, 2009 Special IssueTM: No. AAA-1000-1999-09-15 Inter-American · Peru Trust Issue Term in Years: 10 Issue Size in Shares: 1,000,000,000 Issue Subscription Opening Date: September 15, 1999 Investment Pool Size: U.S.$ 1,000,000,000.00 Tax Free Negotiable Non Voting Issue Subscription Closing Date: September 18, 1999 Investment Pool Shares with Assured Effective U.S. Inflation Rate to Maturity (U.S.$): 2.50 % Capital Growth & DividendsTM Issue Maturity Date: September 18, 2009 Effective Peru Inflation Rate to Maturity (U.S.$): 4.50 % Report Date: September 19, 2009 A. Peru Development Consortium 1. Peru Development ConsortiumTM is a Privately Held Non Profit Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled in Miami, headquartered and operating in Lima, Peru, subject to regulation by the Comisión Nacional Supervisora de Empresas y Valores, and is funded exclusively through the issuance of Interest Certificates to Strategic Members, in connection only with the Formulation of, and the provision of Special Support for, Select Development Projects TM in Peru, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Peru TrustTM through Inter-American · Peru FundTM, Investment Companies established in the United States of America. 2. It is Administered by Strategic Members, with the Main Strategic MemberTM as Manager, and Supported by Associate Members, under a Standard Autonomous Development Consortium Operating Agreement TM, with Special Support by Inter-American Development Capital InstituteTM, I-ADCITM, as a General Services and Core Intellectual Property Usage Rights ClientTM, under a Standard Development Consortium Special Support Agreement TM, implemented through I-ADCITM Strategic Partners in respect of Administration, and through Associate Partners in respect of Support, in accordance with the I-ADCI Operating AgreementTM. 3. It includes, under the Standard Autonomous Development Consortium Operating AgreementTM, as Strategic Members, only I-ADCITM Strategic Partners and their vigorously solvent Peruvian Local CounterpartsTM, equal in number, with Main Strategic PartnerTM as Main Strategic MemberTM, requiring them to remain vigorously solvent, and that they jointly and severally maintain specified Development Consortium capitalization levels, and includes as Associate Members, only Peruvian Local Counterparts TM to I-ADCITM Associate Partners, not to exceed Strategic Members in number, requiring that Strategic Members and Associate Members be admitted or renewed, only by a favorable vote from all current Strategic Members, and only for five year terms, and that once Identified, Select Development Projects TM are Proposed, Formulated, and Underwritten, and that these actions be approved with a simple majority of favorable votes by Strategic Members, by number, which must include a favorable vote by the Main Strategic MemberTM and Manager, who is entitled to project Underwriting Prioritization. 4. It Administers and Supports Inter-American · Peru TrustTM and Inter-American · Peru FundTM, as General Services and Core Intellectual Property Usage Rights ClientsTM, under a Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, implemented through Strategic Members in respect of Administration, and Associate Members in respect of Support, in accordance with the Standard Autonomous Development Consortium Operating Agreement TM. 5. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Inter-American · Peru TrustTM and Inter-American · Peru FundTM, under the Standard Inter-American Country Trust and Country Fund Special Support AgreementTM, with General Services Commission FeesTM fully passed through to and shared between Strategic Members, as fixed Commission Fees for Specific Administrative Services TM, in accordance with the Standard Autonomous Development Consortium Operating Agreement TM, and to I-ADCITM in accordance with the Standard Development Consortium Special Support AgreementTM, and with Core Intellectual Property Usage Rights Royalty FeesTM exclusively and fully passed through to I-ADCITM also in accordance with the Standard Development Consortium Special Support AgreementTM. B. Inter-American · Assured Capital Growth & Dividends Trust · Peru (Inter-American · Peru Trust) 1. Inter-American · Peru TrustTM is an Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, other Organization for Economic Cooperation and Development (OECD) member country major Exchanges, including electronic, and in the Lima Stock Exchange, funded exclusively through Special Issues TM of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & DividendsTM, or Inter-American · Country Trust SharesTM, each intended solely to fund a specific Investment Pool consisting only of U.S. Treasury Zero Coupon Bonds and Common Stock issued by Inter-American · Peru FundTM in connection with Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development ConsortiumTM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. It enjoys a Special Universal General and Unlimited Tax-Exemp StatusTM in all Target CountriesTM and Source CountriesTM, which applies to it, its Revenues, and Expenses, including as Upstream Revenue, Expense, or Profit up to Peru Development Consortium TM Strategic Members and Inter-American Development Capital InstituteTM Strategic Partners, and to its Issues, including its Special IssuesTM of Inter-American · Peru Trust SharesTM, and to their Capital Growth and Dividends, till Maturity, and to all Directly Underlying Economic Activity and Financial Results, such as that by Inter-American · Peru FundTM, its Revenues and Expenses, and its Common Stock, and corresponding Capital Growth and Dividends, and to Common Stock purchased by Inter-American · Peru FundTM per Pool Funds Application InvestmentsTM, and to their Issuers´ Revenues and Expenses, Corporate and Business Taxes, Profits, and Dividends, corresponding to that Common Stock, except for Taxes included in any Costs, such as Payroll, Equipment, Energy, Raw Materials, Supplies, and Services, for the benefit of its Investors otherwise subject to taxation in such countries in connection with its Issues. C. Inter-American · Capital Growth & Dividends Fund · Peru (Inter-American · Peru Fund) 1. Inter-American · Peru FundTM is a Mutual Fund Investment Company established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled and operating in Miami, listed in the New York Stock Exchange, funded exclusively through the issuance of Common Stock to the Inter-American · Assured Capital Growth & Dividends Trust · PeruTM (Inter-American · Peru TrustTM), and investing solely in Common Stock Listed in both the New York Stock Exchange and Lima Stock Exchange, issued chiefly by Prime foreign and domestic corporations and their joint venture companies only for the whole or partial funding of Select Development ProjectsTM in Peru, Formulated and with Special Support by Peru Development Consortium TM, and committed to and characterized throughout by a Clear Preference for Equity FundingTM. 2. All Select Development ProjectsTM enjoy Target Country Political Risk AssuranceTM by Latin American and Caribbean Investment Guarrantee, Ltd.. D. Inter-American Development Capital Institute (I-ADCI) 1. Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium Special Support AgreementTM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums. 1. Inter-American Development Capital InstituteTM, I-ADCITM, is a Privately Held Limited Liability Company (LLC) established in the United States of America, subject to regulation by the Securities and Exchange Commission, domiciled, headquartered, and operating in Miami, funded exclusively through the issuance of Interest Certificates to Strategic Partners, in connection only with the provision of General Services and Core Intellectual Property Usage Rights TM, under a Standard Development Consortium Special Support AgreementTM, to Client Development ConsortiumsTM for Select Development ProjectsTM in Latin American and Caribbean countries, committed to and characterized throughout by a Clear Preference for Equity FundingTM, to be funded wholly or partially by Inter-American · Country TrustsTM through Inter-American · Country FundsTM, Investment Companies Administered and Supported by the corresponding Development Consortiums. 2. It is Administered by Strategic Partners, with the Main Strategic PartnerTM as Manager, and Supported by Associate Partners, under the I-ADCI Operating AgreementTM, and establishes Client Development ConsortiumsTM, and corresponding Inter-American · Country TrustsTM and Inter-American · Country FundsTM, in the United States of America, domiciled in Miami, with each Development Consortium headquartered and operating in the respective country capital, and Inter-American · Country TrustsTM and Inter-American · Country FundsTM operating in Miami, preparing the required Standard Development Consortium Special Support AgreementTM, Standard Autonomous Development Consortium Operating AgreementTM, and Standard Inter-American · Country Trust and Country Fund Special Support AgreementTM, as contracts of adhesion, and reserving the right to make modifications, from time to time, without advance warning and at its sole discretion, with a simple majority of favorable votes by Strategic Partners, by number, which must include a favorable vote by the Manager. 3. It has seven Strategic Partners and twelve Associate Partners under the I-ADCI Operating AgreementTM, which admits, as Strategic Partners, only prime multinational U.S. firms pertaining to Foremost U.S. Global Financial and Support Service Groups TM, and as Associate Partners, only Organization of American States (OAS) and United Nations (UN) related Multilateral Organizations concerned with International Finance, International Trade, Intellectual Property, Education, Employment, Agriculture, Health, and Environmental Protection, solely for Mutual Informational Exchange, Technical and Oversight Advice, and Multilateral Political Support, and requires that Strategic Partners and Associate Partners be admitted only by a favorable vote from all current Strategic Partners, and commit to five year terms in the I-ADCITM, renewable only with a favorable vote by all Strategic Partners, as with I-ADCI Operating AgreementTM modifications. 4. It requires, under the I-ADCI Operating AgreementTM, as Main Strategic PartnerTM, a Broker Dealer Investment Banker and Underwriter active in all Stock Exchanges in every OECD Country, including electronic, and all Client Development Consortium TM Country Stock Exchanges, and, as additional Strategic Partners, a Fund Manager with broad First and Third World Country Fund and Unit Trust experience, a Common Stock Mutual Fund Investment Advisor with wide expertise in First World Industrial and Service firms in Third World countries, a Bank long established in First and Third World Corporate and Personal Banking, Brokerage Account Services, and as Mutual Fund related Securities Custodian and Registrar, a Business Consulting Firm with broad Investment Project Formulation experience, and a long record in Corporate Management Consulting in the First and Third Worlds, a Big Six Accounting Firm greatly familiar with First and Third World Accounting and Auditing Standards and Practices, and a Law Firm with major experience in First and Third World Joint Ventures, Investment Projects, and Intellectual Property. 5. It requires, under the I-ADCI Operating AgreementTM, that Strategic Partners remain vigorously solvent, that they jointly and severally maintain specified I-ADCITM capitalization levels, that they, and Associate Partners, provide each Client Development ConsortiumTM with deliverables required of I-ADCITM under the Standard Development Consortium Special Support AgreementTM, and that Strategic Partners be Strategic Members in all Development Consortiums, adhering in each case to the Standard Autonomous Development Consortium Operating Agreement TM, which requires, in turn, that Strategic Members remain vigorously solvent, that they jointly and severally maintain specified Development Consortium capitalization levels, and that they, and Associate Members, provide the Inter-American · Country Trust TM and Inter-American · Country FundTM, in each case, with deliverables required of each Development Consortium under the Standard Inter-American · Country Trust and Country Fund Special Support AgreementTM. 6. It earns fixed General Services Commission FeesTM and fixed Core Intellectual Property Usage Rights Royalty FeesTM from Client Development ConsortiumsTM, under the Standard Development Consortium Special Support AgreementTM, with General Services Commission FeesTM partially passed through to and shared between Strategic Partners, as fixed Commission Fees for Specific Administrative ServicesTM, and with Profits or Losses after all I-ADCITM expenses, including Royalty Fees due to other owners of specific Core Intellectual PropertyTM, credited to Strategic Partners per their respective Interest Certificate participations, in accordance with the I-ADCI Operating AgreementTM. · 7. Core Intellectual PropertyTM is any Intellectual Property developed, acquired, or Licensed by I-ADCITM, that is used or applied, or potentially could, to distinct advantage, in connection with the Core Business of I-ADCITM, Development Consortiums, Country Trusts, and Country Funds, and includes, but is not limited to, Financial Instrument Designs, such as that of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, Special Insurance Designs, such as Post-Issuance-Defined-Minimum Positive Real Return Assurance TM, Business Plans, Organizational Designs, Software, Logos and Graphic Designs, Trademarks, Brands, Slogans, Jingles, and Advertisements, Promotions, and Materials, whether or not protected or protectable by Patents, Trademarks, Copyrights, Industrial Secret Protection Agreements, or other forms of protection, but does not include Intellectual Property that is pre-existing property of Strategic Partners, Strategic Members, or others, unless Licensed, or that pre-existed in the Public Domain. 8. A Partnership for Development with the United States of AmericaTM, Conceptually Designed in 1993, to promote Development with ReciprocityTM, in the American hemisphere, is Core Intellectual PropertyTM that led to the tentative establishment of I-ADCITM in 1996 as a Chapter C Delaware Corporation, and incorporates and expands the Plan for the Promotion of Public and Private Savings and of National and Foreign Investment for the Reconstruction and Development of the Republic of Peru TM, or Capitals Capture PlanTM (CCPTM), a private Conceptual Design formulated in 1992, in response to the marked Developmental cesation, resulting from the aberrant terrorism visited on Peru from 1980 till then, calling for the establishment of a Peru Development Consortium TM, and was rooted in, and relied on, the issuance of Tax Free Negotiable Non Voting Investment Pool Shares with Assured Capital Growth & Dividends TM, or Inter-American · Country Trust SharesTM, then denominated Peru Trust Shares Participation CertificatesTM, Conceptually Designed in 1986. 9. Its versatile Organizational Design, led by I-ADCITM, with thirty four autonomous Client Development ConsortiumsTM, Country Trusts, and Country Funds, and Effective Functional Policies and Tools TM, including Core Intellectual PropertyTM, brings together, with appropriate Country Local CounterpartsTM, the talents and influence of the Foremost U.S. Global Financial and Support Service GroupsTM, and pertinent Multilateral Organizations in Support, for the Identification, Proposal, Formulation, Prioritization, Underwriting, and Funding by OECD Source Countries TM, of Select Development Projects of Relative Advantage with the Highest Returns and Acceptable RisksTM, in Target CountriesTM in the FTAA, in a true Partnership, at whose Core is the Inter-American · Country Trust ShareTM, a powerful Financial Instrument of Universal Investment AppealTM to Individuals, Corporations, Institutions, and States, because of its inherent Safety, Liquidity, Stability, Assured Capital Growth, and Monthly Pass Through DividendsTM, Tax Free, for the massive tapping of Foreign and National Private and Public Equity Capital. 10. It recognizes that, within and amongst nations...They Live in Harmony Who Reap Together; They Reap Together Who Sow as One TM, creating...A foundation for DevelopmentTM...For a World Sustainable and UnitedTM, thus the approval and support it has inspired in prominent political players and thinkers in the American hemisphere and beyond, and so is expected, by the grace of God, with...Leadership for ProsperityTM by I-ADCITM, to harness a net U.S.$ 1 Trillion for...Select Development Projects TM by 2005, through Special IssuesTM of Inter-American · Country Trust SharesTM, recently enhanced by Post-Issuance-Defined- Minimum Positive Real Return AssuranceTM, an improved Special Financial Investment Insurance Design now underwritten by LLoyds of London, effectively...Lighting Up the Future of Latin America and the Caribbean TM, by diminishing, and eventually eliminating, its abject poverty, containing, and ultimately preventing, social unrest, and ensuring ...Sustainable Development, Peace, and ProsperityTM for all participants, well into the next millenium. ** Organized with Support from Inter-American Development Capital Institute *** "Lighting Up the Future of Latin America and the Caribbean TM"