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Caribbean shoreline, Hopkins, Belize
NALUUM Boutique Resort, Hopkins, Belize

Private Investment Overview

Prepared By Mycelium Capital Inc.
NALUUM

River Estate Community

Hopkins, Belize

Private Investment Opportunity Prepared by Mycelium Capital Inc.

The Executive Disclosure.

This presentation has been prepared by Mycelium Capital Inc. in connection with a proposed private investment opportunity.

The securities described herein are available solely to Accredited Investors (as defined under NI 45-106) or other qualified exempt purchasers, as defined under applicable securities laws in Canada and the United States. This presentation is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Any investment will be made exclusively pursuant to definitive legal documentation and in compliance with applicable securities legislation.

This material contains forward-looking statements, projections, and estimates that involve risk and uncertainty. Prospective investors are encouraged to conduct independent due diligence and consult their professional advisors before making any investment decision.

Executive Summary

NALUUM River Estate Community

NALUUM is a 16-acre oceanfront and river landholding in Hopkins, Belize, positioned adjacent to proven, successful resort developments. We are seeking capital strictly for Phase One of this master-planned community.

Preferred Share Offering

Structured as a preferred share investment within a Canadian lending corporation, with preferred equity priority over common shareholders upon dissolution of the Corporation.

Total Raise
$4.0M USD
Term
2 Years
12% annual targeted preferred dividend paid semi-annually
12% redemption premium at maturity
Total Target Return  36%
Use of Funds: 90% allocated to land acquisition ($3.6M USD), with 10% dedicated to consultancy, legal, and initial project launch costs.

The Asset & Monetization

Phase One Scope

Acquisition of the 16-acre site and the launch of 54 residential river estate lots.

Projected Gross Sales

$12.42M – $16.74M USD (gross revenue).

Current Appraised Land Value

$16,622,131

Capital Protection

Investor capital is supported through ownership in the Special Purpose Vehicle (NALUUM Lending Corp) holding the underlying land. Residential lot sales alone provide sufficient coverage to repay investor principal and returns.

Paddleboarding on the Caribbean, Belize
Investment Structure Overview

Key Terms

The investment is structured through a Special Purpose Vehicle (NALUUM Lending Corp) established and managed by Mycelium Capital Inc.

$4MUSD
Total Capital Raise
12%
Targeted Preferred Dividend
12%
Redemption Premium
36%
Total Target Return
Semi-Annual
Distributions
2 Years
Term
  • Investment focus: Phase One only
  • Underlying asset: 16 acres North Hopkins Community landholding
  • Investor protections derive from preferred share rights
  • No promoter fees charged to the Corporation
  • Preferred share structure through Canadian lending corporation
  • First priority equity in underlying asset

The offering is available to accredited investors (as defined under NI 45-106) only.

Project Economics & Investor Coverage

More Than 2× Coverage

Number of Lots54
Average Lot Price$230,000* appraised $275,000
Total Gross Sales$12,420,000
Current Appraised Land Value$16,622,131* current appraised
Preferred Capital Raised$4,000,000
Targeted Preferred Total Return$1,440,000
Total Investor Obligation$5,440,000
Total Gross Sales~$12,420,000More than 2× Coverage

Projected project profits fully cover investor obligations under conservative pricing assumptions. Lot sale projections are based on current underwriting assumptions.

*Average appraised lot price: $275,000

Hopkins Beach Area
Capital Repayment, Exit & Investor Security

Capital Recovery & Protection

Capital repayment is supported through multiple independent pathways.

Primary Source

Sale of 54 residential lots totalling $12.42M – $16.74M

Secondary Source

Refinancing of the land as infrastructure and value are further established

Preferred Equity Priority

Investors hold preferred equity priority over common shareholders upon dissolution of the Corporation.

Redemption

Redemption funded through residential lot sales.

This investment is designed to prioritise capital preservation through asset-backed security while delivering consistent income and a defined exit premium.

Use of Funds

Investor capital will be allocated as follows

Land Acquisition: 90%  ·  $3.6 million USD
Consultancy, legal, and structuring fees: 5%  ·  $200,000 USD
Initial marketing and project launch costs: 5%  ·  $200,000 USD
Total raise: USD $4 million
No promoter fees
Belize Beach Area
Master Plan Overview & Phasing

Two Defined Phases

The North Hopkins Community master plan is structured across two defined phases.

01

Phase One: Land Acquisition and Residential Sell-Down

  • Acquisition of all project land
  • Launch and execution of residential lot sales
02

Phase Two: Boutique Hotel Development

  • Construction of a 50-room boutique waterfront hotel
  • Activation of shared amenities and beach club
Only Phase One is included in the current investment offering.
Activities in North Hopkins
Phase One Strategy

Acquisition and Residential Lot Sales

Phase One is focused on land acquisition and monetisation through residential lot sales.

Key Phase One activities include:

  • Acquisition of the development land
  • Establishment of the project under the North Hopkins Community banner
  • Engagement of Anchorpoint Advisors as exclusive sales partner
  • Launch and execution of sales for 54 residential lots

Phase One is designed to generate sufficient proceeds to support investor returns while positioning the project for subsequent development phases.

NALUUM River Area
Market Context

Proven Neighbouring Developments

North Hopkins Community is located immediately beside two established and successful resort developments: Hopkins Bay Resort and Seiri Del Mar.

Both neighbouring developments were brought to market by Rob Wilcox, of Anchorpoint Advisors and Russel Moore, land owner and resort developer. They are an integral part of our team providing direct experience with:

Buyer Demand

Buyer demand specific to this location

Market Pricing

Market-supported pricing

Absorption Rates

Absorption rates for waterfront and resort-adjacent real estate

This adjacency to proven developments materially reduces market risk and supports confidence in residential lot sell-through.

NALUUM Site Satellite Image
Asset & Site Snapshot

A De-Risked Development Profile

NALUUM is a fully planned, development-ready site surrounded by proven market comparables, materially reducing execution and absorption risk.

The NALUUM Landholding (16 Acres)

  • Premium Footprint: 16 acres of combined oceanfront and river landholding located in North Hopkins, Belize.
  • Development-Ready: Site mapping is completed, and both the residential lots and the hotel parcel are clearly defined.
  • Phase One Inventory: 54 fully planned residential lots, featuring river-front parcels designed for direct boat pull-up access.
  • Future Masterplan Integration: Features dedicated ocean frontage allocated for the future boutique hotel, alongside adjacent river systems supporting boating and water access.

Proven Market Context & Adjacency

  • Established Neighbors: The North Hopkins Community is located immediately beside two highly successful, established resort developments: Hopkins Bay Resort and Seiri Del Mar.
  • Reduced Market Risk: This direct physical adjacency to proven developments validates the location and supports strong confidence in the residential lot sell-through.
  • Proprietary Market Intelligence: Because NALUUM team members (Rob Wilcox and Russel Moore) brought these neighboring projects to market, NALUUM benefits from direct, proven intelligence on buyer demand, market-supported pricing, and historic absorption rates.
Satellite View of Property

Located in Hopkins, Belize

Belize
BELIZE
NALUUM
NALUUM development land outlined
NALUUM LAND
Market Fundamentals

Why Belize?

Belize offers a rare combination of sustained global tourism demand and a highly favorable, friction-reducing environment for North American investors.

15+ direct international flights to Belize
15+ direct international flights to Belize

Exceptional Tourism Demand & Accessibility

  • Rapid Accessibility: Belize is serviced by 15+ direct international flights from major North American hubs, including Houston, Miami, Dallas, Atlanta, and Toronto.
  • Unmatched Geography: It features the largest barrier reef in the Western Hemisphere, the iconic Great Blue Hole, over 100 offshore islands, and ancient, climbable Maya ruins all in close proximity.
  • Strategic Market Position: Belize delivers world-class adventure (diving, fly fishing, jungle exploration) and rich cultural diversity (Maya, Garifuna, Creole) with much lower visitor density than marquee Caribbean markets, driving strong repeat visitation.

Pro-Investor Business & Legal Climate

  • Legal Familiarity: As an English-speaking country with a legal framework based on British common law, Belize allows foreigners to hold fee-simple land ownership, ensuring enforceability and straightforward due diligence.
  • Currency Stability: The Belize dollar is permanently pegged at 2:1 to the US dollar, protecting against regional currency volatility.
  • Tax Advantages: The jurisdiction imposes no capital gains, estate, or wealth tax on most assets, and offers established structures like IBCs and QRP regimes for zero tax on foreign-source income.
  • Government Support: Belize operates as a stable parliamentary democracy with an independent judiciary and a stated pro-foreign investment policy.
NALUUM River Area
Vision, Development Philosophy & Stewardship

A Living Cultural Corridor

NALUUM is not designed as a themed resort or surface-level lifestyle development.

It is conceived as a living cultural corridor positioned between two ancestral narratives that converge at the sea: Mayan land-rooted cosmology and Garifuna rhythm and shoreline culture.

The name NALUUM reflects shared meanings of land, sea, movement, and dwelling. It represents a place where cultures meet through lived experience rather than performance.

The development philosophy is guided by:

  • Architecture rooted in earth, stone, wood, and natural materials
  • Spatial design that honours water flow, land contours, and existing vegetation
  • Low-density planning that prioritises calm, movement, and intimacy
  • Cultural integration through food, music, wellness, and gathering spaces

NALUUM is intended to feel grounded, calm, ancestral, intimate, and timeless.

The objective is to create a destination that endures culturally, environmentally, and economically while preserving the integrity of place.

Leadership & Execution Team

Capital, Sales, and Revenue Strategy

The North Hopkins Community is governed by a focused management group with clearly defined responsibilities across capital oversight, vision, sales, and hospitality operations.

David Friesen
David Friesen
Capital Oversight & Investment Structuring Lead: Founder of Mycelium Capital Inc. with 30+ years of experience in capital management. Responsible for financial governance, disciplined cost control, and safeguarding investor capital. Responsible for structuring and overseeing the preferred share investment structure and capital governance.
Rob Wilcox
Rob Wilcox
Head of Real Estate Sales & Market Execution: Founder of Anchorpoint Advisors with 30+ years of commercial real estate experience. Leads residential lot sales strategy, pricing discipline, and buyer engagement for Phase One.
Alan Griffiths
Alan Griffiths
Chief Marketing & Revenue Strategy Officer: CEO of Five Stones Consulting with over a decade of experience building scalable revenue systems. Oversees project-wide marketing, ensuring real estate and hospitality scale in a performance-driven manner.
Hospitality, Experience & Operations
Chris De Pew
Chris De Pew
Head of Hospitality Development: Co-Founder of ITA Global with 20+ years of hospitality experience. Translates the NALUUM cultural vision into executable operating systems and service standards.
Santiago Aguilar
Santiago Aguilar
Head of Destination Programming: Co-Founder of ITA Global with nearly two decades of experience across 24 countries. Ensures guest experiences and cultural programming remain scalable and aligned with brand positioning.
Thomas E. Jones
Thomas E. Jones
Head of Operations & HOA Governance: CEO of Use The System with 20+ years of executive operations experience. Oversees property management systems, financial oversight, and long-term asset performance.
Local Belize Development, Permitting & Compliance
Russel Moore
Russel Moore
Strategic Land Partner: Belize-based investor with 20+ years of local development experience, including neighboring Hopkins Bay Resort and Seiri Del Mar. Reduces execution risk and supports regulatory navigation and contractor alignment.
Bradley Rinehart
Bradley Rinehart
Legal & Regulatory Oversight: Belize-based entrepreneur with 30+ years of on-the-ground experience. Provides critical oversight across permitting, title integrity, and regulatory compliance within Belize's legal framework.
Investment Summary

A Clearly Defined, Asset-Backed Opportunity

This investment provides exposure to a clearly defined, asset-backed Phase One development featuring:

Development-Ready Land
Proven Local Sales Execution
Defined Pricing and Exit Strategy
Asset-backed preferred share structure with first priority equity, semi-annual income, and defined redemption premium
Multiple Capital Liquidity Pathways

The broader master plan enhances long-term value while remaining outside the scope of the current offering.

Investor Disclosure

This presentation has been prepared by Mycelium Capital Inc. for informational purposes only in connection with a proposed private investment opportunity.

The securities described herein are offered solely to Accredited Investors (as defined under NI 45-106) as defined under applicable securities laws in Canada and the United States and will be issued only pursuant to definitive subscription documentation and in compliance with applicable securities legislation.

This presentation does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful. Any investment decision must be based solely on the final legal documentation provided to prospective investors.

The shares are subject to resale restrictions, and the certificates will bear restrictive legends in accordance with applicable securities legislation.

The information contained herein has been prepared from sources believed to be reliable as of the date hereof but has not been independently verified. No representation or warranty, express or implied, is made as to its accuracy or completeness. Information is subject to change without notice.

This presentation contains forward-looking statements, including projections, estimates, assumptions, anticipated revenues, development timelines, and targeted returns. Such statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied.

Any financial projections or return targets are provided for illustrative purposes only and are not guarantees of performance. An investment in this opportunity involves risk, including the potential loss of capital and limited liquidity.

This offering is conditional on the completion of the Share Purchase Agreement (SPA) and other closing conditions as set out in the subscription agreement.

Prospective investors are encouraged to conduct their own independent due diligence and consult with their legal, tax, financial, and other professional advisors prior to making any investment decision.

This presentation is confidential and intended solely for the recipient. It may not be reproduced, distributed, or disclosed without prior written consent of Mycelium Capital Inc.

Hopkins Beach Area

Contact And Next Steps

For additional information or to discuss the opportunity:

Mycelium Capital Inc.
David Friesen
David@MyceliumCapital.ca
825-425-4005