Accommodation & Amenities

This presentation and information contained within is provided for informational purposes only and has been prepared to assist interested

parties in making their own evaluation with respect to a potential business combination (the “proposed business combination”) with

Young Island Resort Limited  (the “Company” or “YIRL”) and related transactions and for no other purpose. No representations or

warranties, express or implied are given in, or in respect of, this presentation. To the fullest extent permitted by law in no circumstances

will YIRL or any of their respective subsidiaries, stockholders, affiliates, representatives, partners, directors, officers, employees, advisers

or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this presentation, its

contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise

arising in connection therewith. Industry and market data used in this presentation have been obtained from third-party industry

publications and sources as well as from research reports prepared for other purposes. YIRL has not independently verified the data

obtained from these sources and cannot assure you of the data’s accuracy or completeness. This data is subject to change. In addition, this

presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of YIRL or

the proposed business combination. Viewers of this presentation should each make their own evaluation of YIRL and of the relevance and

adequacy of the information and should make such other investigations as they deem necessary.

Forward Looking Statements

This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private

Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate”,  “plan,”

“project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or

indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not

limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and

market share, expectations and timing related to commercial product launches, potential benefits of the transaction and the potential

success of YIRL’s go-to-market strategy, and expectations related to the terms and timing of the transaction. These statements are based

on various assumptions, whether or not identified in this presentation, and on the current expectations of YIRL’s management and are not

predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to

serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or

probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events

and circumstances are beyond the control of YIRL. These forward-looking statements are subject to a number of risks and uncertainties,

including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to

successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not

obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected

benefits of the proposed business combination or that the approval of the stockholders of YIRL is not obtained; failure to realize the

anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with

respect to YIRL; risks related to the rollout of YIRL’s business and the timing of expected business milestones and commercial launch; risks

related to future market adoption of YIRL’s offerings; risks related to YIRL’s go-to-market strategy or the effects of competition on YIRL’s

future business. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results

implied by these forward-looking statements. There may be additional risks that YIRL presently know or that YIRL currently believes are

immaterial that could also cause actual results to differ from those contained in the forward-looking  statements. In addition, forward-

looking statements reflect YIRL’s expectations, plans or forecasts of future events and views as of the date of this presentation. YIRL

anticipates that subsequent events and developments will cause YIRL’s assessments to change. However, while YIRL may elect to update

these forward-looking statements at some point in the future, YIRL specifically disclaims any obligation to do so. These forward-looking

statements should not be relied upon as representing YIRL’s assessments as of any date subsequent to the date of this presentation.

Accordingly, undue reliance should not be placed upon the forward-looking statements.

Use of Projections and Description of Key Partnerships

This presentation contains projected financial information with respect to YIRL, namely revenue, gross profit, operating capital

expenditures, EBITDA and EBIT for 2022-2028. Such projected financial information constitutes forward-looking information and is

for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and

estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant

business,  economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained

in the prospective financial information. See “Forward-Looking Statements” above. Actual results may differ materially from the

results contemplated by the projected financial information contained in this presentation, and the inclusion of such information in this

presentation should not be regarded as a representation by any person that the results reflected in such projections will be achieved. 

This presentation contains descriptions of certain key business partnerships of YIRL. These descriptions are based on the YIRL management

team’s discussions with such counterparties and the latest available information and estimates as of the date of this presentation. In each

case, such descriptions are subject to negotiation and execution of definitive agreements with such counterparties which have not been

completed as of the date of this presentation and, as a result, such descriptions of key business partnerships of YIRL, remain subject to

change.

Financial Information; Non-GAAP Financial Measures

The financial information and data contained in this presentation is unaudited and does not conform to Regulation S-X. Accordingly, such

information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement, registration

statement, or prospectus to be filed with the SEC. Some of the financial information and data contained in this presentation, such as

EBITDA and EBITDA margin, have not been prepared in accordance with United States generally accepted accounting principles (“GAAP”).

EBITDA is defined as net earnings (loss) before interest expense, income tax expense (benefit), depreciation and amortization. YIRL

believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial

and business trends relating to YIRL’s financial condition and results of operations. YIRL believes that the use of these non-GAAP financial

measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing YIRL’s

financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management

does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP.

The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by

GAAP to be recorded in YIRL’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of

judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures.

In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. YIRL is

not providing a reconciliation of our projected EBITDA for full years 2021-2028 to the most directly comparable measure prepared in

accordance with GAAP because YIRL is unable to provide this reconciliation without unreasonable effort due to the uncertainty and

inherent difficulty of predicting the occurrence, the financial impact, and the periods in which the adjustments may be recognized. For the

same reasons, YIRL is unable to address the probable significance of the unavailable information, which could be material to future results.

You should review YIRL’s audited financial statements relating to the proposed business combination. In addition, all YIRL financial

information included herein is preliminary and subject to change pending finalization of the 2021 audit of YIRL in accordance with PCAOB

auditing standards.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER

REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY

OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

No Offer or Solicitation

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or

approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to

registration or qualification under the securities laws of any such jurisdiction.

Trademarks

This presentation contains trademarks, service marks, trade names and copyrights of YIRL and other companies, which are the property of

their respective owners.