Common use of Summarised Forecast Financial Statements Clause in Contracts

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: Operating Statement 2010/11 Budget 2009/10 Forecast $ $ Revenue $22,463,000 $21,803,461 Operating Expenses $18,623,247 $17,256,320 Net Surplus/Deficit $3,839,753 $4,474,283 Balance Sheet As at 30 June As at 30 June 2011 2010 $ $ Assets $61,029,019 $57,623,266 Liabilities $8,166,225 $8,600,225 Net Worth $52,862,794 $49,023,041 Statement of Cash Flows 2010/11 Budget 2009/10 Forecast $ $ Net cash flows from operating activities ($1,435,247) ($1,126,718) Net cash flows from investing activities ($1,117,832) $6,281,437 Net cash flows from financing activities ($459,000) ($7,464,580)

Summarised Forecast Financial Statements. A full set of forecast financial statements for the Cayman Islands Airports Authority Development Bank is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: Operating . Statement 2010/11 Budget 2009/10 of Comprehensive Income 2012/13 Target $ 2011/12 Forecast $ (Restated) $ Revenue $22,463,000 $21,803,461 3,106,274 3,193,217 Operating Expenses $18,623,247 $17,256,320 (3,172,138) (3,252,750) Net Surplus/Deficit $3,839,753 $4,474,283 Balance Sheet (65,864) (59,533) Statement of Financial Position As at 30 June 2013 $ As at 30 June 2011 2010 $ 2012 (Restated) $ Assets $61,029,019 $57,623,266 44,559,935 43,170,583 Liabilities $8,166,225 $8,600,225 39,360,549 38,905,332 Net Worth $52,862,794 $49,023,041 5,199,386 4,265,251 Statement of Cash Flows 2010/11 Budget 2009/10 2012/13 Target $ 2011/12 Forecast $ (Restated) $ Net cash flows from operating activities ($1,435,247) ($1,126,718) 1,663,547 21,276 Net cash flows from investing activities ($1,117,83276,237) $6,281,437 - Net cash flows from financing activities 656,468 ($459,000) ($7,464,580501,335)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Monetary Authority is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2010/11 2007/8 Budget 2009/10 $ 2006/7 Forecast $ $ Revenue $22,463,000 $21,803,461 19,351,500 16,790,000 Operating Expenses $18,623,247 $17,256,320 16,087,936 13,379,928 Extraordinary Item (1,000,000) Net Surplus/Deficit $3,839,753 $4,474,283 2,263,564 3,410,072 Balance Sheet As at 30 June 2008 Budget $ As at 30 June 2011 2010 $ 2007 Forecast $ Assets $61,029,019 $57,623,266 100,432,484 100,087,752 Liabilities $8,166,225 $8,600,225 74,014,864 75,118,832 Net Worth $52,862,794 $49,023,041 26,417,620 24,968,920 Statement of Cash Flows 2010/11 2007/8 Budget 2009/10 $ 2006/7 Forecast $ $ Net cash flows from operating activities ($1,435,247) ($1,126,718) 2,675,313 6,764,400 Net cash flows from investing activities ($1,117,8321,623,700) $6,281,437 (1,342,152) Net cash flows from financing activities ($459,0002418,832) ($7,464,5802,004,121)

Summarised Forecast Financial Statements. A full set of forecast financial statements for Cayman Islands Airports Authority Airways Limited is provided in the Appendix to this Ownership Agreement. A summary of those forecasts is as follows: . Operating Statement 2011/12 Target $ 2010/11 Budget 2009/10 Forecast $ $ Revenue $22,463,000 $21,803,461 63,383,772 61,483,587 Operating Expenses $18,623,247 $17,256,320 (64,696,863) (63,783,302) Net Surplus/Deficit $3,839,753 $4,474,283 (1,313,091) (2,299,715) Balance Sheet As at 30 June 2012 $ As at 30 June 2011 2010 $ $ Assets $61,029,019 $57,623,266 40,661,964 35,876,049 Liabilities $8,166,225 $8,600,225 86,169,050 85,170,044 Net Worth $52,862,794 $49,023,041 (45,507,086) (49,293,995) Statement of Cash Flows 2011/12 Target $ 2010/11 Budget 2009/10 Forecast $ $ Net cash flows from operating activities 1,874,876 ($1,435,247) ($1,126,7183,671,663) Net cash flows from investing activities ($1,117,8326,426,400) $6,281,437 (226,800) Net cash flows from financing activities ($459,000) ($7,464,580)1,979,741 2,489,347 11 2011/12 Ownership Agreements