PARTICIPATION ASSOCIATION CONTRACT FOR

CONSTRUCTION OF A ROOM HOUSE

This document establishes the Joint Partnership Contract, which is entered into by
a party ____________, identified with RUC N°______, registered in the electronic
item N°______ of the Registry of Legal Entities of _________, with address at
__________, duly represented by its general manager Mr. __________, identified
with DNI No.________, with powers registered in the _________ entry of the
electronic item, who from now on will be called THE ASSOCIANT ; and, on the
other hand _________, identified with DNI No.________, with address at
__________, who from now on will be called THE ASSOCIATE ; in the following
terms:

FIRST

THE ASSOCIANT is a private legal entity established under the regime of a public
limited company, whose main corporate purpose is to dedicate itself to the
preparation of Studies, Remodeling, Building, Construction, Conditioning, Design of
Real Estate Projects and Sale to third parties in the city. of Lima, an activity that will
be called THE PROJECT for these purposes. Activities carried out on your own
account or with the Contracting or Subcontracting of third parties, at a fixed price or
by administration.

THE ASSOCIANT needs to have land suitable for building residential buildings,
thus making them suitable for marketing, sale to third parties, whether natural or
legal, but without purchasing them previously, due to the investment that this
represents, which is why has decided to invite THE ASSOCIATE , whom it knows
to be the owner of a Land suitable for the aforementioned purpose, and to
participate by contributing said property (Land), whose construction, promotion,
marketing and sale to third parties will be borne by THE ASSOCIANT ,
participating in a pecuniary value determined in advance according to the
project , which you will receive for your contribution when transforming a Land
into a Modern House, with cutting-edge finishes and facilities, which will allow
the increase in the value of the land, on which it will be built. the House and in
this way be able to sell it optimally.

In this sense, THE ASSOCIANT has decided to participate in the business of

BUILDING the House in his property (Land), for which he deems it appropriate to
enter into a joint association contract with another person under private law, having
sufficient powers. general manager to enter into said contract.

SECOND
THE ASSOCIATE is a natural person who, as an investor, hereby expresses his or
her express willingness to participate in THE PROJECT of THE ASSOCIANT under
the terms of this document.

THIRD

THE MEMBER is the owner of real estate (Land) located in ___________,

registered in electronic item No. ______ of the Real Estate Registry of
____________, where its boundaries and perimeter measurements are described.

THE ASSOCIATE has become aware of the commercial activities of THE

ASSOCIANT , so he has decided to have the participation of THE ASSOCIANT , in
his desire to contribute to the development of THE PROJECT, the property of his
property mentioned above, the same one that is is totally free of Charges and/or
Encumbrances or any type of responsibility with any public or private entity.

ROOM

By this contract, the parties agree to participate in the business described in the
following clause under the form of joint venture. Consequently, THE ASSOCIATE is
obliged to facilitate the development of THE PROJECT, providing all the physical
and documentary facilities of its property described in the third clause of this
contract. For its part, in consideration, THE ASSOCIANT undertakes to develop
according to the construction budget of the Residential House provided for in the
seventh clause, in the agreed manner and opportunity.

FIFTH

The business to be developed by the joint venture consists of the Construction of a

House by THE ASSOCIANT , on THE ASSOCIATE 'S land; and its subsequent
marketing to a third party, who will be the one who presents the most
advantageous purchase option, according to the criteria and experience of THE
ASSOCIANT , the real estate owned by THE ASSOCIATE and THE
ASSOCIANT , once it has been built in accordance to THE PROJECT as
ANNEX ONE, duly signed by the parties, and which forms an integral part of
this contract.

SIXTH
In order to guarantee the investment that THE ASSOCIANT will make on the
land provided by THE ASSOCIATE , the ASSOCIATE undertakes to establish a
mortgage first in favor of ________________, a mortgage that will be extended
upon completion of the constructions in accordance with clauses NINTH and
TENTH paragraph b) following.

SEVENTH
_______________, guarantees THE ASSOCIATE , that once the house is built
and sold to a third party, according to THE PROJECT, THE ASSOCIATE will
receive the amount of US$ ________(__________American Dollars), which he
accepts, and agrees to grant the remainder of said price, whatever the utility
that may result, to THE ASSOCIANT , committing to transmit said amount as
payment for its construction, promotion, marketing and sale services to the
third-party purchaser, unless it is obtained from the bank and/or entity. of the
financial system that finances the buyer, his agreement to pay THE
ASSOCIATE what corresponds to him as the value of the Land and THE
ASSOCIATE the value of the constructions, to each one, by check or bank
transfer in his name; and the notary before whom the sale is granted, to express
in this way the price clause, that is, to say that the original owner the Sale value
of the land and the value of the construction to the builder.

EIGHTH

THE ASSOCIATE agrees with THE ASSOCIATE to go before the authorities to

request and sign as many documents as may be necessary or convenient to
carry out THE PROJECT, among which are mentioned, but not limited to,
construction license, reception of work, regularization (if necessary). required),
designating THE ASSOCIANT as his representative, being able to grant him
powers, including before a notary, the cost of which, as well as that of the
licenses or permits, will be borne by him.

NINETH

If the sale of the residential home is carried out once it has been built, each
seller will be responsible for the income tax for the sale of properties under
his/her responsibility, declaring what is appropriate regarding the profit
obtained, but if they cannot be carried out independently, THE ASSOCIATE
undertakes to provide you with reliable evidence of the way in which the price of
the property was paid, whether in part by cash, electronic transfer of funds or
check in your favor, as payment for the price of the property, so that by
subtracting from said amount, the predetermined price of the land in the SIXTH
clause above, the remainder that will be for the benefit of THE ASSOCIANT is
determined , constituting this contract, along with a copy of the check, proof of
the electronic transfer that records the price paid by the buyer or certified copy
of the deed of sale, if part of the payment was made with cash, which THE
ASSOCIATE will receive, an executive title for the collection of the difference
that exists, which will be the profit of THE ASSOCIANT .

TENTH

As a guarantee for THE ASSOCIATE , that the amount of his investment will be
recognized and paid in the event that THE ASSOCIATE no longer wants or can
sell at the end of the construction of the Project's Residential House in his
property, he undertakes to mortgage it to the start of the work and to extend the
mortgage up to the amount of the value of the Building that is carried out for this
purpose, once the construction of the House has been completed, a mortgage
that THE ASSOCIANT , in turn, undertakes to Cancel/Lift prior to the sale of the
same or once payment for the construction is received according to the
Commercial Appraisal if THE ASSOCIATE declines from the sale.

ELEVENTH

The following will be cause for termination of this contract for THE ASSOCIANT
or THE ASSOCIATE , as applicable:

a) If THE ASSOCIATE does not attend to the management and processing of

the permits and licenses necessary to carry out THE PROJECT, or does not
grant the necessary powers to THE ASSOCIANT or to whomever he indicates,
for this purpose.

b) If THE ASSOCIATE does not mortgage the property in the name of the
Builder/ ASSOCIANT that allows him to respond to his obligations personally.

c) If THE ASSOCIATE does not attend to sign the deed of sale of the Built
property when required by the notary office before which said contract is
granted or THE ASSOCIATE does not cancel the mortgage that encumbers it
prior to its sale.

d) If on the day ______________, THE PARTNER had not finished THE

PROJECT at his expense and for reasons attributable to him.

e) If THE ASSOCIATE transfers the mortgaged property, assigns it in trust or

gives it as bailment or lease, without prior written permission from THE
ASSOCIANT or it is seized.

TWELFTH

The contracting parties establish as a penalty payable by anyone who fails to

comply with what is agreed in this contract, the amount of
US$____________(________American Dollars).

TWELFTH

Likewise, the parties expressly declare that THE ASSOCIANT will be responsible
for any economic relationship that is agreed upon with third parties in the
development of the business, for which THE ASSOCIANT will act in its own name
when entering into contracts, assuming obligations or acquiring credits.

Consequently, it is agreed that there will be no legal relationship between the third
parties and THE ASSOCIATE ; and, likewise, third parties will not acquire rights or
assume obligations towards THE ASSOCIATE nor the ASSOCIATE towards them.
THIRTEENTH

The parties expressly agree that the expenses required by the provisions of the
previous clause and others incurred in the course of the business will be assumed
solely by THE PARTNER .

TWENTIETH

Failure to comply with the provisions of clause eleven and thirteen will constitute
grounds for termination of this contract, under article 1430 of the Civil Code.
Consequently, the resolution will occur by operation of law when THE ASSOCIATE
communicates, by notarial letter, to THE ASSOCIATE that he or she wishes to avail
himself of this clause.

TWENTY FIRST

In all matters not provided for by the parties in this contract, both are subject to the
provisions of the General Companies Law, the Civil Code and other applicable legal
systems.

TWENTY SECOND

Any dispute or controversy, derived from or related to this legal act, will be resolved
by arbitration, in accordance with the Arbitration Regulations of the Arbitration
Center of the Lima Chamber of Commerce, to whose rules, administration and
decision the parties submit unconditionally. , declaring to know them and accept
them in their entirety.

As a sign of agreement, the parties sign this document in the city of Lima, on ___
days of the month of ______, 2016.

_______________ _______________
THE ASSOCIATE THE ASSOCIATE