FINANCIAL MODEL ASSUMPTIONS

• The finances of the two companies (Conservatory & Villas) are run within the single model presented.

• Dynamic pricing / seasonal pricing is included in these models.

• Retreats are calculated for 5-day package rates per person ($2,450).

• Calculations assume rental villa occupancy at 50%, ramping up to 55% occupancy in year 5. Profitability could increase dramatically with higher occupancy.

• Employee head count starts at 5 in FY2023, average local salary is $750/month, plus December bonus, and 38% burden.

• Kimberly is paid $50,000/year.

• A $36,000 year position is included for a general manager.

• Currently, volunteers come from all over the world for an average stay of 6 weeks (1-month minimum). They help with operations and run tours. In low season, there may be 1 volunteer on site; during high season, 3-4. Needs may increase with increased visitor numbers.

• Volunteers receive free lodging in the volunteer house and a food stipend of $170/month.