[Escriba texto] FAQ. (Frequently Asked Questions) Version 15.06.1. Public Version. Exchange Rate: US $ 1.00 = MXN $ 15.50. June 2015.



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[Escriba texto] FAQ (Frequently Asked Questions) Version 15.06.1 Public Version Exchange Rate: US $ 1.00 = MXN $ 15.50 June 2015.

CONTENT 1. Services Infrastructure... 7 1.1. Electric Power... 8 1.1.1. What is the maximum electricity supply? (Kw/H)... 8 1.1.2. What is the price of electricity? (USD/Kw)... 8 1.1.3. How reliable is the supply of power?... 8 1.2. Water... 9 1.2.1. What is the maximum water supply (m 3 /Ha.)?... 9 1.2.2. What is the price of water for most Industrial Parks (USD)?... 9 1.3. Natural and LP Gas... 9 1.3.1. Are natural gas and liquid propane gas available?... 9 1.3.2. What is the maximum natural gas supply (Kg/h, or m 3 /h)?... 9 1.3.3. What is the price for natural gas and LP gas? (USD)... 9 1.4. Sewage Discharge... 10 1.4.1. What is the maximum sewage discharge allowed (m3/ha. or m3/day)?... 10 1.4.2. What is the cost of sewage discharge (USD)?... 10 1.5. Maintenance Fees... 10 2. Industrial Construction... 12 2.1. Industrial Parks Construction Regulations... 12 2.2. Construction companies... 12 2.3. Average construction times... 12 2.4. What is the construction cost by such companies?... 12 3. Weather... 13 2

3.1. Temperature... 13 3.2. Rainfall... 13 3.3. Wind speed... 13 3.4. Natural Disasters (recorded in the last 40 years)... 13 4. Environmental Regulations... 15 4.1. Environmental Impact Report... 15 5. Logistics... 16 5.1. International Airport... 16 5.1.1. Departure Flights... 16 5.1.2. Arrival Flights... 17 5.2. Distances from Aguascalientes to Automotive Plants... 18 5.3. Distances to Main Ports of Mexico and USA Border... 19 5.4. Distance to nearest railroad spur and related services... 20 5.5. Civil protection... 20 5.6. Transportation means available to workers... 20 6. Demographics... 22 6.1. Main demographics... 22 6.2. Population Growth History and Ratio... 22 6.3. Population of nearby cities... 23 6.4. Human Development National Index... 23 7. Education Data... 24 7.1. How many schools operate in Aguascalientes?... 24 7.2. How many students are registered?... 24 3

7.3. What is the ratio of students graduating from Middle School to High School?... 24 7.4. What is the ratio of students graduating from High School to College?... 24 7.5. Number of universities, colleges and high schools in Aguascalientes?... 24 7.6. Number of graduates per year, with middle, technical and higher education levels in Aguascalientes?... 25 7.7. The future of education in Aguascalientes... 25 7.8. What are the available education programs in Aguascalientes?*... 26 7.9. International Schools.... 35 8. Labor Market... 40 8.1. What kind of labor force will I find?... 40 8.2. What are the average monthly salaries for operators?... 40 8.3. What is the unemployment rate?... 40 8.4. What is the annual salary increase?... 41 8.5. Municipal Classification of Minimum Wage Tiers on nearby areas (2015)... 41 8.6. Evolution of Minimum wage for Aguascalientes (2005-2015)... 41 8.7. What are the employment-related regulations?... 42 8.8. Overtime Wages:... 44 8.9. How do unions operate in Aguascalientes?... 46 9. Tax Rates... 47 10. Economic Information... 48 10.1. What has been the GDP behavior for the past 10 years?... 48 10.2. What is the GDP distribution by industry?... 49 10.3. What is the distribution of employees by industry?... 49 10.4. Automotive industry indicators?... 50 4

11. Government Incentives... 53 11.1. Support for employee recruitment... 53 11.2. Significantly low turnover rate... 53 11.3. Competitive personnel education... 53 11.4. State Payroll Taxes:... 54 11.5. Direct connection with local education institutions and R&D centers... 54 11.6. Government support... 55 11.7. Other Incentives... 55 11.7.1. Import Tax Refund to Exporters... 55 11.7.2. Manufacturing, sublet and export services industries (IMMEX):... 56 11.7.3. Programs of Sectorial Promotion (PROSEC)... 57 11.7.4. Competitiveness Program For Logistics And Supply Markets (PROLOGYCA)... 57 11.7.5. High technology industries development program (PRODIAT):... 57 11.7.6. Program For The Developement Of Software Industry (PROSOFT)... 58 11.7.7. Incentive programs to stimulate innovation:... 58 12. Living environment for foreign executives... 60 12.1. What is the cost of living in Aguascalientes?... 60 12.2. How receptive is the population towards foreign executives?... 61 12.3. What are the typical Immigration procedures for expats?... 61 12.4. Living Environment... 62 12.4.1. Where do foreign executives usually live in Aguascalientes?... 62 12.4.2. Where can one purchase groceries and imported foods?... 62 12.4.3. Are there international schools for immigrant families?... 62 12.4.4. Are there associations or support groups for the Japanese community?... 62 5

12.4.5. Are there any Japanese Speaking Health Centers?... 62 12.4.6. Are there leisure activities for expats?... 63 12.4.6.1. Golf Courses in Aguascalientes... 63 12.4.6.2. Ojocaliente Thermal Springs... 63 12.4.7. How is public safety in Aguascalientes?... 63 13. Invest in Aguascalientes - Media... 65 14. Contact Information... 66 Attachment 1, Aguascalientes Industrial Parks... 68 6

1. SERVICES INFRASTRUCTURE Aguascalientes has an enviable geographical location which allows access to the main ports, borders and cities in the Country. It s located in the center of the economic triangle formed by the cities of Guadalajara, Mexico and Monterrey, where more than 55% of the Country s GDP is generated. An extensive network of modern highways (2,325 km 1,400 miles) is complemented by an International Airport, strategic Free-Trade Zone and the two largest rail cargo-hubs in Mexico. Thus Aguascalientes is able to guarantee efficient transportation of goods and services throughout the country and the Americas. As mentioned above, land communications include two main rail and highways that intersect in the City of Aguascalientes, allowing efficient connections to the North with Tampico, Nuevo Laredo, the USA and Canada, and to the South with Mexico City and Central America. The Logistics Corridors: Manzanillo Aguascalientes Altamira; and Mexico City Aguascalientes Juarez play a very important role in the transportation of goods to and from Europe and Asia. Also worthy of note is the reliability of electricity supply in Aguascalientes, made possible by a triple redundancy power ring, providing a stable and uninterrupted power feed. Likewise, there is a secured Natural Gas supply, through the main pipeline network crossing the State from North to South. Please bear in mind that services in industrial parks (water, electricity, natural gas) are all provided by individual utility companies and it is important that you contact each one of them directly regarding your particular needs. 7

1.1. ELECTRIC POWER 1.1.1. WHAT IS THE MAXIMUM ELECTRICITY SUPPLY? (KW/H) Electric power supply is only limited to the amount of power agreed to be provided by the Federal Electricity Commission (CFE), but some infrastructure adjustments may be needed: 115, 220 and 440 Kilovolts are available. 1.1.2. WHAT IS THE PRICE OF ELECTRICITY? (USD/KW) Electricity in Mexico is provided by CFE nationwide, prices are set by this government institution. Source: http://app.cfe.gob.mx/aplicaciones/ccfe/tarifas/tarifas/tarifas_negocio.asp Fees for High-Tension Power are (HT) (USD): Demand Bill Cost Peak Time Mid Time Slow Time USD/Kw) (USD/Kw) (USD/Kw) (USD/Kw) $ 7.07 $ 0.1362 $ 0.0498 $ 0.0448 1.1.3. HOW RELIABLE IS THE SUPPLY OF POWER? Aguascalientes has a unique Electrical Power Ring providing energy from the National Power Grid through three different supply lines: North, West and South-East. These lines converge and provide triple redundancy, which makes service virtually blackout free. Electric power is provided by CFE, a Federal utility company and the only supplier in Mexico. All companies are required to contract their electricity needs directly with them. * To contract this service, please contact: Comisión Federal de Electricidad Héroe de Nacozari Norte 703 Tel (449) 916-6110 http://app.cfe.gob.mx/aplicaciones/ccfe/selindustria/solicitudes/contratalaluz.aspx 8

1.2. WATER 1.2.1. WHAT IS THE MAXIMUM WATER SUPPLY (M 3 /HA.)? It is usually (but not always) standardized to 0.6164 m 3 /Hr. /Ha. (Or 0.171233 Lt./Sec./Ha. 8.809 ft 3 /Hr./Ac), depending on the project. Reclaimed water is available at our Industrial Parks. Source: Fideicomiso Desarrollos Industriales (FDIA) 1.2.2. WHAT IS THE PRICE OF WATER FOR MOST INDUSTRIAL PARKS (USD)? Well Water: from US $1.74/m 3 with a minimum charge of 20m 3. Treated Water: $ 0.68/m 3 Source: Fideicomiso Desarrollos Industriales (FDIA) * To contract this service (only for the following industrial parks: PISFI-IV, PIVA, Chichimeco, Calvillo, El Llano, & Tecnopolo), please contact: Fideicomiso Desarrollos Industriales (FDIA) Av. Universidad 1001, Edificio Torreplaza Bosques, Piso 8, Fracc. Bosques, CP 20127, Aguascalientes. Phone (449) 910-2611, Ext 5948. 1.3. NATURAL AND LP GAS 1.3.1. ARE NATURAL GAS AND LIQUID PROPANE GAS AVAILABLE? Both Natural and LP gas are available. Natural Gas line, runs along the Panamerican Highway, covering of the major industrial parks in Aguascalientes. 1.3.2. WHAT IS THE MAXIMUM NATURAL GAS SUPPLY (KG/H, OR M 3 /H)? It may range from 1 Kg/cm 2 to 3 Kg/cm 2 (14.22 42.67 lb. / in 2 ) or above, depending on company requirements. 1.3.3. WHAT IS THE PRICE FOR NATURAL GAS AND LP GAS? (USD) - Natural Gas US $ 524.10/Month (Service charge). US $ 0.732/G Joule (0-3.488 G joule/month) Natural Gas is provided by Gas Natural FENOSA, a private company and the only one authorized in the region. All companies are required to contract natural gas needs directly with them. 9

* To contract this service, please contact: Gas Natural Fenosa, Ventas Industriales Héroe de Nacozari Nte. # 2206, Col. Morelos, CP 78239, Aguascalientes, Ags. Tel (449) 910-9890, Ext. 77529 / Fax (444) 144-2102, Ext. 77529 / Cel. +52 1 444 152 0789 Cesar Gomez Ruiz cgomezr@gasnatural.com Source:http://www.gasnaturalfenosa.com.mx/servlet/ficheros/1297141047414/20140218DOF- AvisoListadeTarifasBaj%C3%ADo.pdf - Liquid Propane (LP) gas $ 0.93/kg. $ 0.52/Lt. (1 Lt. = 0.50 Kg.) Source: http://www.energia.gob.mx/res/91/precios.xls 1.4. SEWAGE DISCHARGE 1.4.1. WHAT IS THE MAXIMUM SEWAGE DISCHARGE ALLOWED (M3/HA. OR M3/DAY)? The standard is usually 0.8 Lt/Sec/Ha (or 2.88 m3/h 101.71 ft 3 / Ha.) depending on the project. 1.4.2. WHAT IS THE COST OF SEWAGE DISCHARGE (USD)? $0.34 usd/m3 with a minimum use of 16m3 Source: Fideicomiso Desarrollos Industriales (FDIA) 1.5. MAINTENANCE FEES Fees at most State-owned Industrial Parks are: Hectares Fee Plus 16%Value Added Tax 0-1 $ 0.032 USD / m 2 / Month $ 0.0024 USD / ft 2 / Month 1-3 $ 0.024 USD / m 2 / Month $ 0.0022 USD / ft 2 / Month 3-5 $ 0.016 USD / m 2 / Month $ 0.0010 USD / ft 2 / Month 5-6.5 $ 0.012 USD / m 2 / Month $ 0.0008 USD / ft 2 / Month 6.5-10 $ 0.008 USD / m 2 / Month $ 0.0007 USD / ft 2 / Month + 10 $ 0.007 USD / m 2 / Month $ 0.0006 USD / ft 2 / Month Source: Fideicomiso Desarrollos Industriales (FDIA) 10

Fuel The price of gasoline (USD) is subsidized in Mexico; current prices are*: Magna (87 Octane) US $ 0.90 / Lt Premium (92 Octane) US $ 0.91 / Lt Diesel (sulfur content =.03%) US $ 0.91 / Lt Source: www.onexpo.com.mx *These prices rise at a fixed annual rate, and such increase is dependent on fuel type. Therefore international fuel price fluctuations have no substantial impact in Mexico. 11

2. INDUSTRIAL CONSTRUCTION 2.1. INDUSTRIAL PARKS CONSTRUCTION REGULATIONS In the interest of efficiency and development in our industrial parks the use of land is distributed as follows: 70% for building, 5% green areas and the remaining 25% may be used for service areas, open warehouse, truck maneuvering, cargo patio etc. 2.2. CONSTRUCTION COMPANIES Several local and foreign construction companies can build industrial facilities to meet your requirements. A listing of these is available upon request. 2.3. AVERAGE CONSTRUCTION TIMES According to local Mexican and foreign contractors, the average times for construction are as follows: PLANT SIZE AVERAGE TIME 4,000 m 2 43,055 ft 2 6 months 6,000 m 2 64,580 ft 2 9 months 10,000 m 2 107,640 ft 2 12 months 2.4. WHAT IS THE CONSTRUCTION COST BY SUCH COMPANIES? Construction costs may go from US $ 100/m 2, up to US $ 600/m 2 (US $ 9.30/ft 2 US $ 56.07/ft 2 ) The price depends on the contractor you choose, the complexity of the facility, and special requirements. The average rent for an industrial facility, could go from US $ 1/m 2 to US $ 4/m 2. 12

3. WEATHER Semi-Arid in 86% of the State. 3.1. TEMPERATURE Monthly average temperature Average maximum temperature Average minimum temperature 18.8 C (65.8 F) 30 C (86 F) 4 C (32 F) 3.2. RAINFALL Average annual rainfall in the State is 522 mm, higher in the West (mountain region) with 605 mm, and lower in the Eastern plains, with 491mm. 3.3. WIND SPEED Average wind speed 8 km/h Prevailing wind direction SW, N Source: INEGI http://cuentame.inegi.org.mx/monografias/informacion/ags/territorio/clima.aspx?tema=me&e=01 3.4. NATURAL DISASTERS (RECORDED IN THE LAST 40 YEARS) There are no major natural disasters. Climate data for Aguascalientes (1951 2010) Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Record high 29.5 32.0 34.0 36.5 39.5 40.0 36.0 34.0 36.0 32.0 31.0 29.5 40 C ( F) (85.1) (89.6) (93.2) (97.7) (103.1) (104) (96.8) (93.2) (96.8) (89.6) (87.8) (85.1) (104) Average 22.3 24.0 26.5 29.0 30.7 29.5 27.3 27.2 26.3 25.7 24.6 22.5 26.3 high C ( F) (72.1) (75.2) (79.7) (84.2) (87.3) (85.1) (81.1) (81) (79.3) (78.3) (76.3) (72.5) (79.3) Daily mean 13.4 15.0 17.5 20.3 22.4 22.5 20.9 20.8 20.1 18.5 16.0 14.0 18.5 C ( F) (56.1) (59) (63.5) (68.5) (72.3) (72.5) (69.6) (69.4) (68.2) (65.3) (60.8) (57.2) (65.3) Average low 4.5 5.9 8.5 11.5 14.1 15.4 14.6 14.5 13.9 11.2 7.4 5.4 10.6 C ( F) (40.1) (42.6) (47.3) (52.7) (57.4) (59.7) (58.3) (58.1) (57) (52.2) (45.3) (41.7) (51.1) Record low 6.0 7.0 1.0 1.0 4.5 6.0 6.5 9.0 5.0 0.0 5.5 5.0 7 C ( F) (21.2) (19.4) (30.2) (33.8) (40.1) (42.8) (43.7) (48.2) (41) (32) (22.1) (23) (19.4) 13

Average rainfall mm (inches) 14.1 (0.55) 9.5 (0.37) 4.3 (0.16) 8.8 (0.34) 17.9 (0.70) 88.1 (3.46) 119.9 (4.72) 120.4 (4.74) 90.1 (3.54) 35.4 (1.39) 10.3 (0.40) 11.9 (0.46) 530.7 (20.89) Avg. rainy days ( 0.1 mm) Average rela tive humidity (%) Mean monthly sun shine hours 2.4 1.5 1.0 1.6 3.6 9.7 13.5 13.2 9.5 4.9 1.6 2.2 64.7 58 52 47 45 46 59 66 68 68 65 60 62 58 237.6 238.1 257.9 249.6 270.4 227.0 223.6 231.8 198.9 231.2 245.6 213.2 2,824.9 Source #1: Servicio Meteorologico Nacional [10] Source #2: Colegio de Postgrgduados (sun and humidity) [11] 14

4. ENVIRONMENTAL REGULATIONS There are two legal standards companies must comply with: Environmental Protection Law of the State of Aguascalientes General Law of Ecological Equilibrium and Environmental Protection [Federal] New construction projects must include an Environmental Impact Study, or a corresponding risk survey in accordance with Articles 89 and 90 of the Ecological Equilibrium and Environmental Protection Law of the State of Aguascalientes. 4.1. ENVIRONMENTAL IMPACT REPORT The procedure involves the drafting and submission of an environmental report to the Environment Agency (SMA), which includes: - Project Overview Description of activity (site selection, preparation and construction) Information regarding natural environment and socioeconomic status of the site. Compliance with rules and regulations on land use. Identification of environmental impact. Prevention and mitigation of identified environmental impact. Conclusions and references. Legal Exhibit: certificate of land use, RFC (federal tax number), certificate of incorporation with power of attorney, document certifying legal status on property, signed affidavit. Technical Exhibit: site location blueprint, construction plan with detailed engineering installation, site's overall program (schedule of events, Gant chart), engineering calculation report, geotechnical study, plant layout, scheduled program for measures to control and reduce environmental risk, and to mitigate environmental impact. Note: There are several local environmental consulting companies available for hire to comply with environmental reports and documents. This listing is available upon request. 15

5. LOGISTICS 5.1. INTERNATIONAL AIRPORT Our International Airport offers direct flights to several major cities such as Dallas, Houston, Los Angeles and Tijuana on a regular basis, as well as 12 daily flights to and from Mexico City. Mexico City 20 km. from City Center (20 Minutes) 12 km. from Nissan A1 (10 Minutes) 5 km. from Nissan A2 (6 minutes) 1.5 km. from Automotive Logistics Industrial Park PILA (2 Minutes) 5.1.1. DEPARTURE FLIGHTS Destiny Flight # Departure Arrival Frequency Air Line 2631 6:00 07:10 Mon Sat. 2633 7:40 08:50 Sun Fri. 2629 11:26 12:39 Daily 2635 14:11 15:30 Daily 2637 17:20 18:33 Daily 2585 20:00 21:10 Daily Mexico City 3964 3964 3966 08:00 11:00 20:20 09:00 12:00 21:25 Mon Fri. Saturday Sun Fri. Tijuana 461 15:00 15:50 Tue, Thu & Sat Tijuana 491 11:17 12:22 Thu Mon. Cancun 636 14:10 16:36 Mon & Fri Los Angeles, CA Dallas, TX Houston, TX 924 19:00 20:34 Wed, Thu, Sat. 3454 6:00 08:25 Daily 2936 13:57 16:17 Daily 4192 06:38 08:38 Daily Monterrey 784 10:20 11:35 Mon, Wed, Fri. Puerto Vallarta 445 13:45 14:55 Thu & Sun. Monterrey 2322 10:20 11:40 Sun Fri. 2321 21:35 22:55 Daily 16

5.1.2. ARRIVAL FLIGHTS Origin Flight # Departure Arrival Frequency Air Line 2632 06:00 07:15 Mon Fri. 2628 09:45 11:00 Daily 2634 12:30 13:42 Daily 2636 15:30 16:46 Daily 2584 18:15 19:30 Daily 2640 22:05 23:20 Daily Mexico City México City 3963 3963 3965 06:30 09:30 18:55 07:30 10:30 19:55 Mon - Fri. Saturday Sun Fri Tijuana 460 9:50 14:50 Tue, Thu & Sat. Tijuana 490 06:00 10:47 Thu Mon. Cancun 637 10:50 13:41 Mon & Fri. Los Angeles, CA Dallas, TX Houston, TX 925 13:13 18:17 Wed, Thu, Sat. 2936 10:40 13:11 Daily 3109 18:35 21:07 Daily 4102 17:35 19:40 Daily Puerto Vallarta 446 12:20 13:20 Thu & Sun. Monterrey 783 08:45 9:55 M, W, F, Sun Monterrey 2331 08:15 09:35 Sun Fri. 2332 19:55 21:15 Daily 17

5.2. DISTANCES FROM AGUASCALIENTES TO AUTOMOTIVE PLANTS Company Location San José Chiapa, Pue. 2012 Unit Production 2013 Unit Production -- -- San Luis Potosí -- -- Aguascalientes Estimated distance to: (Km) Product 150,000 (2016) 677 Audi Q5 150,000 (2019) 165 N/A 480 Engines, Promaster Saltillo, Coah. Ram, 455,334 409,913 Toluca, Edo. Mex. 500 Fiat 500, Journey Cuautitlan, Edo. Mex. 465 Ford Fiesta 451,648 496,193 Hermosillo, Son. 1,610 Chihuahua, Chi. 965 Engines Ramos Arizpe, Coah. Silao, Gto. 570,942 605,238 160 Fusión y MKZ hybrid 500 SRX, Captiva y Sonic Escalade, GMC Sierra and Pick up Silverado Toluca, Edo. Mex. 500 Engines San Luis Potosí 210 Aveo, Trax El Salto, Jal. 63,256 59,451 240 CR- V Celaya, Gto. -- -- Monterrey, N.L. -- -- Salamanca Gto. -- -- CIVAC, Mor. Aguascalientes 1 Aguascalientes 2 Aguascalientes -- 683,520 641,639 200,000 (2014) 300,000 (N/A) 230,000 (2016) 300,000 (2017) 250 Honda Fit, City 569 Kia Sedan 210 Mazda 2, Mazda 3 595 0 Trucks, Frontier L4, Tsuru, Tiida Sedán. Sentra, Versa y March 0 Infiniti / Mercedes Tecate, B.C. 55,661 59,701 2,430 Tacoma Beetle, Jetta 6, Bora Puebla, Pue. 630 604,508 497,109 4, Golf Var. 6 Silao, Gto 160 Engines YEAR TOTAL 2 884,597 2 933465 18

Source: Asociación Mexicana de Industria Automotriz (AMIA), 2013 data for individual automakers is through November of that year. N/A. not available *All data on distance and time is expressed in rounded numbers. 5.3. DISTANCES TO MAIN PORTS OF MEXICO AND USA BORDER Location Name Distance Time US Border Rio Grande, TX 730 Km. (450 mi) 7:40 Pacific Ocean Port Manzanillo, Col. 500 Km. (310 mi) 5:00 Gulf of Mexico Port Altamira, Tam. 580 Km. (360 mi) 7:00 19

5.4. DISTANCE TO NEAREST RAILROAD SPUR AND RELATED SERVICES Railway container loading, unloading and storage services are provided by private companies both in the Northern and Southern exits of Aguascalientes. The nearest to Nissan A2 facilities is almost 6 kilometers away, just across the street from Nissan A1 and Jatco plants. Prices depend on your project specifications and need to be quoted accordingly. 5.5. CIVIL PROTECTION Along with police and firefighter surveillance, there are ambulance and fire stations, as well as hospitals within 15 km (9 mi.) from any Industrial Parks. 5.6. TRANSPORTATION MEANS AVAILABLE TO WORKERS Aguascalientes has an efficient Public Transportation system integrated by buses in the City of Aguascalientes, vans connecting the City of Aguascalientes with suburbs and cabs with fare meters. There are also several personnel transportation companies, usually hired by factories to provide transportation service to their workers as a non-mandatory benefit. 20

Transportation system at the City of Aguascalientes 21

6. DEMOGRAPHICS Information according to the 2010 population census provided by the National Institute of Statistics and Geography (INEGI) http://www.censo2010.org.mx/ 6.1. MAIN DEMOGRAPHICS Aguascalientes State s population is 1,184,996 inhabitants Aguascalientes Metropolitan Area s population is 932,369 inhabitants Average age in State is 24 years of age 65% of State s population (770,000 inhabitants) is under 34 years of age. 543,085 inhabitants are economically active (data for 3 rd quarter of 2014). 39,390 are college students. 34 universities & colleges with 38 campuses for less than 1.2 million inhabitants. Population estimated by mid-2014: 1,270,174 inhabitants, with 1,002,450 living in the Metropolitan Area. 6.2. POPULATION GROWTH HISTORY AND RATIO Source: http://www.censo2010.org.mx/ 22

6.3. POPULATION OF NEARBY CITIES San Luis P. Silao Irapuato Zacatecas Querétaro Celaya Salamanca 772,828 172,984 529,379 138,152 801,883 468,469 260,732 6.4. HUMAN DEVELOPMENT NATIONAL INDEX State Rating Position Aguascalientes 0.7521 8 th /32 Guanajuato 0.7059 26 th / 32 Jalisco 0.7434 15 th / 32 Querétaro 0.7471 12 th / 32 San Luis Potosí 0.7144 23 rd / 32 Zacatecas 0.7057 27 th / 32 National Average 0.7390 17 th 18 th Source: United Nations Development Program, 2010 23

7. EDUCATION DATA 7.1. HOW MANY SCHOOLS OPERATE IN AGUASCALIENTES? There are 1,958 schools. 7.2. HOW MANY STUDENTS ARE REGISTERED? 282,927 in Elementary and Middle School, 50,481 in High School and 42,308 in Technical and higher Education Schools. 7.3. WHAT IS THE RATIO OF STUDENTS GRADUATING FROM MIDDLE SCHOOL TO HIGH SCHOOL? Estimated 92.2%. 7.4. WHAT IS THE RATIO OF STUDENTS GRADUATING FROM HIGH SCHOOL TO COLLEGE? Close to 85%. The number of graduates from technical and engineering schools annually is 1,480+ in the following areas: Computer Science, Electronic, IT, Industrial, Mechanical, Robotics, Chemical, Mechatronics, Maintenance, and others. 7.5. NUMBER OF UNIVERSITIES, COLLEGES AND HIGH SCHOOLS IN AGUASCALIENTES? 982 Elementary, Middle and High Schools 53 Training Centers for Arts and Crafts 10 Technical Schools 34 Universities & Colleges 24

7.6. NUMBER OF GRADUATES PER YEAR, WITH MIDDLE, TECHNICAL AND HIGHER EDUCATION LEVELS IN AGUASCALIENTES? 17,500+ Students 7.7. THE FUTURE OF EDUCATION IN AGUASCALIENTES On 2012 the Aguascalientes State University, opened a new campus on the south of the city, across the road from Nissan s A1 Plant. The programs on this new campus focus on fields considered to be the future if industry in Aguascalientes: Automotive, mechatronics, alternative energies, and biomedical. Higher education institutions maintain close contact with the industrial sector in order to update their courses in response to present and future needs in terms of talent. 25

7.8. WHAT ARE THE AVAILABLE EDUCATION PROGRAMS IN AGUASCALIENTES?* Major Degree Institution Administration Accounting Electricity Electro-mechanics Automotive Electronics Computer Sciences Maintenance Production Manager Assistant Technical Several Technical Institutions Automotive Maintenance Quality Control Industrial Electronics Alternative Energy Sources Textile Industry Automatic Systems Maintenance Tools Shop Computers and Digital Control Equipment Maintenance Electronics Industrial Mechanics *Note: Not all technical degrees are mentioned, we show only those related to the industry. 26

Major Degree Institution Agro-industries Bio-Chemical Analysis Biology Bio-Chemistry Bio-technology Intelligent Computer Systems Industrial Statistics Engineering Electronics Computer Sciences Applied Mathematics Biology Information Technologies Biotechnology Computers Systems Architecture Bachelor UAA (University of Aguascalientes State) Graphic Design Industrial Design Textile Design Civil Engineering Business Administration Financial Administration Production and Services Administration International Commerce Accounting Economy Marketing Industrial Relations Company Communication Communication and Information Robotics Engineering Biomedical Engineering Automotive Engineering Bachelor E-Commerce Bio-Computer Sciences Economic and Administration Sciences Master Taxes Bio-Information Technologies Specialty 27

Major Degree Institution Human Resources Administration Accounting Marketing for Business Development Industrial Maintenance Mechatronics Automation Mechatronics for Flexible Manufacturing Industrial Manufacturing Processes IT and Communication for Systems IT and Communication for Nets and Telecommunications Business Development and Innovation Engineering Industrial Robotics Engineering Human Resources Administration Marketing for Business Development Industrial Maintenance Information and Communication Technologies Accounting Mechatronics Automation Mechatronics for Flexible Manufacturing Industrial Manufacturing Processes Business Development and Innovation Engineering Tax and Finances Engineering Information and Communication Technologies Engineering Higher Technician Bachelor Higher Technician Bachelor Bachelor 28 UTA (Technological University of Aguascalientes State) UTNA (Technological University of North Aguascalientes State) Mechatronics Engineering Industrial Maintenance Engineering Mechatronics Engineering Business and Administration Automotive Mechanical Engineering Bachelor UPA (Polytechnic University of Aguascalientes State) Industrial Engineering Strategic Information Systems Engineering Electronics Engineering Energy Engineering Master Engineering Sciences ITA (Aguascalientes State Institute of Technology) Business Administration Engineering Industrial Engineering Bachelor

Major Degree Institution Administration Electronics Engineering Mechanical Engineering Chemistry Engineering Bachelor Electric Engineering ITA (Aguascalientes State Institute of Technology) IT and Communication Engineering Administration Sciences Master Chemistry Engineering Sciences Engineering Sciences PhD IT and Communication Engineering Administration Bachelor ITEL (Technological Public University) Business Administration Engineering Logistics Engineering Business Administration Engineering Bachelor ITPA (Technological Public University) Mechatronics Engineering IT and Communication Engineering International Business and Administration Marketing and Administration Management and Administration Energy Technologies Engineering Mechanical-Electronics Engineering Finances and Administration Industrial Engineering Electronics and Digital Systems Engineering Bachelor Accounting Innovation and Design Engineering Artificial Intelligence Engineering UPCB (Pan-American University, Bonaterra Campus) International Finances and Commerce Operations Management Robotics Human Capital Management Human Capital Development Specialty Ethics and Anthropology Taxes Electronic Business Finances and Administration Bio-Interactive Innovation International Marketing Value Chain Administration 29

Major Degree Institution Development and Management of Human Capital Evaluation and Administration of Investment Projects Master UPCB (Pan-American University, Bonaterra Campus) Taxes Engineering International Commerce and Marketing Marketing and Communication Companies Administration International Commerce Communication Accounting Graphic Design Bachelor Computer Systems Engineering Computer Systems Marketing Advertising UCPA (Cuauhtémoc University Aguascalientes) Financial Administration Marketing Administration Human Resources Administration Industrial Administration Master Institutional Image and Strategic Communication Computer Systems Economy and Companies Administration Informatics and Administration Industrial Engineering, Human Capital Marketing and International Business Bachelor ULC (La Concordia University) Marketing and Media Inter-institutional Communication Bachelor Financial Accounting ULC (La Concordia University) International Business Master Systems Engineering Computer Administration Systems Public and Financial Accounting International Commerce Bachelor UVM (Mexico Valley University) Marketing International Relations Administration 30

Major Degree Institution Public Relations Companies Administration Sales Management Finances Bachelor Mechanical-Electronics Engineering Computer Systems Engineering Production Engineering UVM (Mexico Valley University) Computer Engineering Sales Systems and Industrial Engineering Administration External Commerce Master Corporate Law and International Business Administration and Commerce Public Accounting Industrial Engineering Administration Bachelor UNEA (Advanced Studies University) Administration Computer Systems Engineering Marketing and Advertising Communication Business Administration Master Human Resources Administration Business Administration Communication Sc. and Techniques Accounting Bachelor Information Technologies Engineering Marketing UNID (Inter-American University for Financial Administration Development) Textile Industry and Design Corporate Law Business Administration Master Marketing Information Technologies Business Administration International Commerce Bachelor UVA (Atajemac Valley University) Marketing Organizations and Human Development Master Financial Administration International Business Bachelor ITESM (Monterrey Technological Institute) Business Innovation and Management 31

Major Degree Institution Marketing and Communication Industrial Design Mechanical-Electronics Engineering Bachelor IT and Communications Engineering Industry and Innovation Engineering Finances Marketing Business Administration Financial Administration Innovation for Business Development Master ITESM (Monterrey Technological Institute) Energy and Renewable Sources Administration Quality and Productivity Systems Eng. IT Administration Quality for Competitiveness Administration Specialty Business Administration Bachelor CESEA (Aguascalientes High Studies Center) Communication Sciences International Negotiation Bachelor ISSADE (Open Teaching Institute) Taxes Master Taxes Specialty IPES (Institute for Specialties and Post Finances Graduate Degrees) Public Accounting International Commerce Business Administration Bachelor Marketing and Advertising UNIDEP (Professional Development University) Industrial Psychology Computer Systems Engineering Business Administration Master Public Accounting Communication Bachelor ULCA (Leon University, Aguascalientes Campus) Business Administration Computer Engineering IT Engineering Industrial Engineering and Administration Bachelor UVAS (Villasuncion University) Environmental Control Eng. and Ecology Public Accounting Bachelor CUG (Galilea University Center) Taxes Administration Master Taxes Administration Master IEE (Excellence Education Institute) *Note: Not all higher degrees are mentioned, we show only those related to the industry. 32

# Institutions for Professional Learning 1 Centro de Estudios Superiores del Aguascalientes State Higher Studies Estado de Aguascalientes Center Private 2 Centro de Investigación y Docencia Center Zone Economic Research and Económicas Región Centro Teaching Center Public 3 Centro de Investigación y Research and Training Center for Entrenamiento en Psicoterapias Gestalt, Perls Psychotherapy Gestalt, Fritz Perls Private 4 Centro Universitario Británico de México British University Center of Mexico Private 5 Centro Universitario Galilea Galilea University Center Private 5 Colegio Latinoamericano de Educación Advanced Education Latin-American Avanzada College Private 6 Instituto de Educación de Excelencia Excellence Education Institute Private 7 Instituto de Posgrados y Especialidades Postgraduate Programs and Specialties Institute Private 8 Instituto de Psicoterapias Humanistas Humanist Psychotherapies Institute Private 9 Instituto Estatal de Seguridad Pública Aguascalientes State Public Security de Aguascalientes Institute Public 10 Instituto Superior de Sistema Abierto Open System Teaching Higher de Enseñanza Institute Private 11 Aguascalientes Technological Instituto Tecnológico de Aguascalientes Institute Public 12 Instituto Tecnológico de la Building Industry Technological Construcción Institute Private 13 Instituto Tecnológico de Pabellón de Pabellón de Arteaga Municipality Arteaga, Aguascalientes Technological Institute Public 14 Instituto Tecnológico El Llano, El Llano Municipality Technological Aguascalientes Institute Public 15 Instituto Tecnológico y de Estudios Monterrey Higher Education and Superiores de Monterrey Technological Institute Private 16 Universidad Tecnológica de Calvillo Aguascalientes Technological University Public 17 Universidad Autónoma de Aguascalientes Autonomous Aguascalientes University Public 18 Universidad Autónoma de Aguascalientes Autonomous Aguascalientes Campus Sur University South Campus Public Source: Secretaría de Desarrollo Económico. 33

Institutions for Professional Learning 19 Universidad Cuauhtémoc Plantel Cuauhtémoc University Aguascalientes Aguascalientes Campus Private 20 Universidad de Durango Campus Durango University Aguascalientes Aguascalientes Campus Private 21 Universidad de Estudios Avanzados Advanced Studies University Private 22 Universidad de las Artes Arts University Public 23 Universidad de León Campus Aguascalientes León University Aguascalientes Campus Private 24 Universidad del Desarrollo Profesional Professional Development University Private 25 Universidad del Valle de Atemajac Atemajac Valley University Private 26 Universidad del Valle de México Mexico Valley University Private 27 Universidad Interamericana para el Inter-american University for Desarrollo Development Private 28 Universidad la Concordia Campus Centro Concordia University Center Campus Private 29 Universidad la Concordia Campus Concordia University International Fórum Internacional Forum Campus Private 30 Universidad la Concordia Campus Paraíso Concordia University Paradise Campus Private 31 Universidad Panamericana Campus Pan-American University Bonaterra Bonaterra Campus Private 32 Universidad Politécnica de Aguascalientes Aguascalientes Polytechnic University Public 33 Universidad Tecnológica de Aguascalientes Technological Aguascalientes University Public 34 Universidad Tecnológica del Norte de Aguascalientes North Technological Aguascalientes University Public 35 Universidad Tecnológica El Retoño El Retoño Technological University Public 36 Universidad Villasunción Villasunción University Private 34

7.9. INTERNATIONAL SCHOOLS. COMMON SCHOOL AGES: Early stimulation: Early childhood or kindergarten: Elementary school: Junior high school or middle school: High school: 3 months old to 3 years old. 3 years old to 5 years old. 6 years old to 12 years old. 12 years old to 15 years old. 15 years old to 18 years old. INTERNATIONAL SCHOOLS Escuela Japonesa de Aguascalientes A.C. Kindergarten, elementary school, middle school Address: Av. Del Lago 161 Fracc. Jardines Del Parque, CP 20276 Aguascalientes Phone: (449) 978-5888 Web: http://www.pek.mx/escuela-japonesa-de-aguascalientes-a-c/ Colegio Bosques Early stimulation, kindergarten, elementary school, middle school, high school Address: Blv. Luis Donaldo Colosio 313, Fracc. La Concepción, CP 20128 Aguascalientes Phone: (449) 162-0400 Web: www.colegiobosques.edu.mx 35

Instituto Cumbres Aguascalientes (boys only) Early stimulation, kindergarten, elementary school, middle school, high school Address: Av. Alcaldes 101, Fracc. Parras, CP 20175 Aguascalientes Phone: (449) 972-0444, (449) 972-2310 E-mailbuzcumags@cumbresaguascalientes.com Web: http://www.cumbresaguascalientes.com/nuevo/ Instituto Alpes Aguascalientes (girls only) Early stimulation, kindergarten, elementary school, middle school, high school Address: Prolongación Zaragoza #3402, San José del Arenal, CP 20130 Aguascalientes Phone: (449) 912-1383 (449) 914-7228 E-mail: promocion@alpesaguascalientes.com Web: http://www.alpesaguascalientes.com/nuevo/contacto.html Colegio Americano de Aguascalientes A.C. Kindergarten, elementary school, middle school Address: Carretera a Paso Blanco Km 1.2, Col. Tepetates, CP 20900 Aguascalientes Phone: (449) 973-5384 Web: http://americanschoolags.wikifoundry.com/ Colegio Angloamericano Address: Enrique Olivares Santana 310, Boulevares, Aguascalientes Phone: (449) 186-6207 Web: http://www.angloamericano.com.mx/ingles.html Colegio Francés Hidalgo de Aguascalientes Kindergarten, elementary school, middle school Address: Av. Del Lago 141, CP 20276, Aguascalientes Phone: (449) 913-8282 Web: http://www.cfhags.edu.mx/ 36

Centro Escolar El Encino, A.C. (boys only) Elementary school, junior high school, high school Address: Av. Aguascalientes Oriente 101, Ojocaliente, CP 20190 Aguascalientes Phone: (449) 970-0346 Web: http://www.encino.edu.mx/ Instituto Triana (girls only) Kindergarten, elementary school, junior high school, high school Address: López Mateos Ote. 1704, Col. Bona Gens, 20255 Aguascalientes Phone: (449) 146-7938, (449) 145-5444, (449) 970-4991 Web: www.triana.edu.mx/ ACCREDITED BILINGUAL SCHOOLS Colegio Marista Kindergarten, elementary school, middle school, high school Address: Calle 26 de Marzo No. 602, Col. San Marcos, Aguascalientes. Phone: (449) 915-7976 y (449) 916-1587 Web: http://www.primariamaristaaguascalientes.edu.mx/landpage.html Colegio Villalobos Kindergarten, elementary school, middle school Address: Valle de Guadalupe 601, Frac. Valle de las Trojes, Aguascalientes. Phone: (449) 912-4789 Web: http://www.colegiomariavillalobos.com/ Comunidad Educativa Entorno Kindergarten, elementary school, middle school, high school Address: Av. Eugenio Garza Sada 72, Pocitos, Aguascalientes Phone: (449) 915-4957 Web: http://www.entorno.edu.mx/cee/index.asp 37

Escuela de la ciudad de Aguascalientes ECA Kindergarten, elementary school, middle school, high school Address: Prol. Zaragoza 101 B, Jardines de la Concepción, 20128 Aguascalientes Phone: (449) 912-3119 Web: http://www.eca.edu.mx/index.html Colegio Cristóbal Colón Kindergarten, elementary school, middle school, high school Address: Luis Donaldo Colosio Nº 722, La Concepción, CP 20128 Aguascalientes Phone: (449) 914-0222 Web: http://www.cristobalcolonags.edu.mx/ Colegio Cedros Kindergarten, elementary school, middle school Address: Av. Independencia No. 1912, Fracc. Trojes, Aguascalientes Phone: (449) 914-7484 Web: http://www.colegiocedrosags.edu.mx/ Instituto Tecnológico y de Estudios Superiores de Monterrey (Monterrey Tech) High school, (also college) Address: Av. Eugenio Garza Sada 1500, Pocitos, CP 20328 Aguascalientes Phone: (449) 910-0900 Web: http://www.itesm.mx/wps/wcm/connect/campus/ags/aguascalientes Universidad Cuauhtémoc High school, (also college) Address: Av. Independencia No. 100, Fracc. Trojes de Alonso, Aguascalientes Phone: (449) 973-1122 Web:http://www.ucuauhtemoc.edu.mx/site/index.php?option=com_content&view=category&layout=b log&id=39&itemid=28 38

Universidad del Valle de México High school, (also college) Address: Blvd. Juan Pablo II No. 1144, Col. Loma Bonita, Aguascalientes Phone: (449) 910-2810 Web: http://www.uvmmexico.mx/ For more schools, please visit: http://www.investinaguascalientes.gob.mx/cap_humano.html http://www.guiaeduca.com.mx/preescolar-en-aguascalientes/preescolar-1-105620122.html 39

8. LABOR MARKET 8.1. WHAT KIND OF LABOR FORCE WILL I FIND? Abundance of young population, highly qualified human capital (INEGI 4 th quarter 2014). Labor Force Available Un-occupied 29,428 Under-occupied 13,645 Inactive Available Population 50,199 Total 93,272 8.2. WHAT ARE THE AVERAGE MONTHLY SALARIES FOR OPERATORS? This is a survey from 8 of the main automotive companies located in Aguascalientes area, regarding daily wages for operators: Daily Salary for an Operator Position* (MXN) (USD) Company 1 $ 119.17 $ 7.68 Company 2 $ 124.00 $ 8.00 Company 3 $ 137.57 $ 8.87 Company 4 $ 142.48 $ 9.19 Company 5 $ 161.38 $ 10.41 Company 6 $ 170.00 $ 10.96 Company 7 $ 260.00 $ 16.77 Company 8 $ 293.00 $ 18.90 *Range is wide because it depends on each worker s seniority and skills. 8.3. WHAT IS THE UNEMPLOYMENT RATE? 4.66 % Statewide (data for february 2015). Source: Encuesta Nacional de Ocupación y Empleo (ENOE) INEGI, 2015 40

8.4. WHAT IS THE ANNUAL SALARY INCREASE? The annual increase to minimum wage is determined in regard to prior year s inflation rate by the National Commission of Minimum Wages (www.conasami.gob.mx), which dictated a 4.19% increase in minimum wages for the year 2012 and a 3.9% for 2013, 3.89 in 2014and 4.2 in 2015. However, there is no specific regulation for other than minimum wages, and the salary increase is usually negotiated between companies and unions. 8.5. MUNICIPAL CLASSIFICATION OF MINIMUM WAGE TIERS ON NEARBY AREAS (2015). Area A $ 70.10 MXN/day ($4.52 USD / day) Area B $ 68.28 MXN/day ($ 4.40 USD / day) Source: (www.conasami.gob.mx) Jalisco (El Salto, Guadalajara, Tlajomulco, Tlaquepaque, Tonalá and Zapopan) Aguascalientes Guanajuato / Querétaro / San Luis Potosí Zacatecas / Jalisco (other municipalities) 8.6. EVOLUTION OF MINIMUM WAGE FOR AGUASCALIENTES (2005-2015) Source: (www.conasami.gob.mx) Year Daily Mexican Pesos Variation (%) 2005 $ 44.05-2006 $ 45.81 4.00 2007 $ 47.60 3.90 2008 $ 49.50 4.00 2009 $ 51.95 4.20 2010 $ 54.47 4.90 2011 $ 56.70 4.10 2012 $ 59.08 4.19 2013 $ 61.38 3.89 2014 $ 63.77 4.39 2015 $ 66.45 4.20 41

8.7. WHAT ARE THE EMPLOYMENT-RELATED REGULATIONS? In terms of working days, working hours, paid leave, overtime wages and benefits: Mandatory Benefits Paid Vacation and vacation Premium (see below) Social Security (IMSS) Home fund retention (INFONAVIT) Christmas Bonus (Aguinaldo) Retirement Fund (AFORE) Profit Sharing (PTU) Non-mandatory benefits Cafeteria Grocery Coupons Attendance bonus Punctuality bonus Productivity bonus Transportation Loaded salary: All compensations are based on agreements regulated by the Federal Labor Law. Minimum wages are updated every year, based on inflation rate. Most salaries are updated accordingly. Mandatory benefits: After a year of work, employees acquire the right to enjoy a minimum 6 paid days of holidays. The number increases with seniority, as well as the premium, as follows: Seniority (Years) Paid Vacation (Days) Multiply by (Factor) 1 6 1.0452 2 8 1.0466 3 10 1.0479 4 12 1.0493 9 14 1.0507 14 16 1.0521 19 18 1.0534 As an example, a worker earning 100 pesos daily, with 3-year seniority, will have 10 days off at 104.79 pesos per day (basic wage = 100 x 1.0479). 42

Social Security (IMSS) is comprised of the following: CONCEPT PERCENTAGE OF SALARY Illness and Maternity 20.400% Medicare 1.050% Injury and Life 2.375% Daycare 1.000% Risk at Work (average)* 2.598% Retirement 2.000% Old Age 3.150% Housing 4.275% TOTAL 36.850% *Percentage changes according to activity and track record (such as in workman s comp), from 0.54355 to 7.58875 with an average rate of 2.5984 Calculation of loaded salary, for tax and SPT payroll purposes, is as follows: Daily salary $ 100.00 Times Factor (seniority) 1.0479 Equals Basic wage $ 104.79 Plus IMSS (36.85%) 38.62 Equals loaded salary $ 143.41 43

There are also additional benefits, negotiated between companies and workers (through their union representatives): CONCEPT Additional Christmas Bonus (days in addition to 15 days mandatory) Savings Fund Grocery Coupons (monthly) Life Insurance Holydays (in addition to 7 days mandatory) Measure Union Range Companies that grant the benefit Measure Non-Union Range Companies that grant the benefit Days 15-30 10 Salary Days 15-30 21 Percentage of salary Percentage of salary Months of Salary 5% - 13% 6 5-13% 5 10-24 5 Percentage of salary Percentage of salary Months of Salary 5% - 13% 17 5% - 14% 8 12-24 7 Days 3-8 7 Days 1-8 10 Marriage license (days off) Days 2-4 3 Days 2-5 7 Direct family death license (days off) Days 1-4 4 Days 1 6 6 Funeral Expense USD 52 130 4 USD 86.8 1 Transportation USD.08 2.25 2 USD 0.08 2.25 2 Cafeteria N/A - - USD 0.76-1.1 2 Attendance Bonus Salary Days 3 1 Annual Salary 10% 2 Uniforms Uniforms 2 2 N/A N/A N/A 8.8. OVERTIME WAGES: The law establishes a maximum 48-hour week, in 8-hour workdays. The first 8 hours of overtime are to be paid double and the subsequent hours are to be paid triple. Day shift is comprehended between 6:00 a.m. and 8:00 p.m. Night shift is comprehended between 8:00 p.m. and 6:00 a.m., workday is 7 hours for this shift. Sundays are to be paid 25% more than regular compensation. Oficial Holidays are to paid triple, they are: 44

January 1 st First Monday of February Third Monday of March May 1 st September 16 th Third Monday of November December 1 st (Every 6 years) December 25 th Source: Ley federal del Trabajo. 45

8.9. HOW DO UNIONS OPERATE IN AGUASCALIENTES? One of the main characteristics of Aguascalientes is labor stability, which it has maintained without a strike for over 40 years. National award for efficient legal labor system. Excellent relationship Union Company Government. In Aguascalientes, Unions understand the fundamental aspects of an open economy, which leads them to focus their efforts on customer needs, having as main goals profitability and growth. Direct dialogue and cordial relationships between unions, businesses and government, ensures prompt resolution to problems that may arise. There is a strong and healthy relationship between the Industry and the Unions: o Japanese Automotive companies in Aguascalientes work with CTM Union. 46

9. TAX RATES Main taxes paid by commercial and industrial enterprises operating in Mexico are levied by the Federal Government. State and Municipal Governments have limited tax collection abilities and receive allocations from some federal taxes collected within their boundaries. The main taxes are explained below. Federal taxes: Income tax (ISR) 35% Value-added tax (IVA) 16% Customs and duties depending on type and origin of goods. State taxes: Payroll Tax at a competitive 2.0% Municipal (County) taxes: Property Tax is approx. $ 0.21 USD / m 2. Real-Estate Transactions 2%. In addition to the above, there are other special Federal taxes on specific products and services, such as alcoholic beverages, cigarettes and fuel. There is a small tax for owning real-estate properties, in Aguascalientes the average is 0.002% of real estate value. Source: Ley de Ingresos Municipio Aguascalientes, 2015 47

10. ECONOMIC INFORMATION 10.1. WHAT HAS BEEN THE GDP BEHAVIOR FOR THE PAST 10 YEARS? Source: INEGI, Banco de Información Económica BIE, 2014. According to Banamex, GDP growth in Aguascalientes has risen from 3.9 in 2012 to 4.1 in 2013 and is estimated at 4.8 in 2014. In 2013, Aguascalientes showed the second largest increase among all federal states; just behind Baja California s and in 2014 it will present the third largest increase just beneath Guanajuato and Puebla. Middle Mexico, where Aguascalientes is located, is the region which most contributed to national GDP growth in 2013 with 21.2%, and within this region, Aguascalientes contributed the most among all neighboring states. The per capita GDP of Aguascalientes of $ 142.701 pesos is higher than the national average of $ 135.791 pesos and higher than those of Jalisco, Guanajuato, San Luis Potosí and Zacatecas. 48

10.2. WHAT IS THE GDP DISTRIBUTION BY INDUSTRY? Source: Instituto Nacional de Estadística, Geografía e Informática INEGI. 10.3. WHAT IS THE DISTRIBUTION OF EMPLOYEES BY INDUSTRY? Source: Instituto Mexicano del Seguro Social IMSS. 49

10.4. AUTOMOTIVE INDUSTRY INDICATORS? INVESTMENT AND EMPLOYMENT Investment IMSS 2015 This administration Investment Projects 2 109 (73 automotive & 36 others) Investment in MXN $ 3,400 $ 83,065 Estimated Jobs 330 44,050 Japanese Companies -- 74 (30,595 jobs) Jobs Generated 3,639 54,879 Jobs (February) 2,932 ---- New Employers 58 1002 (116 % more than the past decade) AUTOMOTIVE SECTOR IN AGUASCALIENTES Concept Quantity Source Automotive Investment Projects in present administration Sector participation in Aguascalientes GDP Sector participation in Aguascalientes FDI Sector participation in Aguascalientes Exports Nissan vehicle production 73 projects 71 Billion MXN 33,567 jobs 35.30% 74.0 % Secretary of Economic Development February 2015 BBVA Bancomer Research, 2012 SE, Gral Dir of Foreign Investment, Accumulated 1999 3 T 2014 78.0 % SE, INEGI 2013 752,408 vehicles Jan-Nov 2014 680,213 vehicles in 2013 204,870 vehicles, Jan March 2015 National leader in production AMIA, total production statistics, 2013-2015 50

ECONOMIC INDICATORS INEGI Unemployment February 2015 Inflation February 2015 Manufacturing Industry (Production Volume) Dec 2014 Manufacturing Industry (Production Value) Jan 2014 IMMEX (Income Value) Dec 2014 Construction (Production value) Aug 2014 Quarterly State Economic Activity Indicator Dec 2014 Retail turnover Feb 2015 4.66 % in Aguascalientes. (National 4.33 %) 2.99% annual. (National 3.0% annual). 4 lowest in the region, 20 th lowest National. 31 consecutive months where inflation is below the national average. 30.4 % annual production growth. (National 5.7 %). 1 st national, 1 st regional. 12 % annual growth November (National 0.6 %) 10 th national, 4 st regional. MXN $ 520,919 million accumulated production value (Jan 2011 Jan 2015) 64,252 workers (2,741 new jobs Jan 2014 Jan 2015) 14.5% annual growth in Jan- Nov 2014. (National 14.3 %) 7 h national, 5 th regional. MXN $421,560 accumulated 2011-2014. 36.1 % Annual Growth, Oct 2014 (National 2.7 %) 8 th national, 2 nd regional. 11.7 % annual growth Jan Sept 2014 (National 1.7%) 1 st national. 11.1 % accumulated Apr - Jun 2014. (National 2.2 %) 1 st national. 4.7 % GDP growth 2013 3.8% GDP growth 2012 4.3% GDP growth 2011 1.4 % annual growth at March. 2014 (National 4.7 %). 19 national, 4 st regional. 51

RATINGS BY FINANCIAL PUBLICATIONS Banamex Research Aguascalientes GDP growth for 2015 7.8% Aguascalientes GDP growth for 2014 11.4% Research and Ratings Banorte Welfare Index Standard & Poor's Fitch Ratings American Cities of the Future 2013/14 fdi Intelligence (The Financial Times Ltd.) Dynamic and growing economy Score 200 points (National average 100) 1st National Place Stable perspective with AA mx score International Scoring, Qualification AA+ (mex) Healthy loan and fiscal policies. Comparable to thriving cities like Barcelona, Moscow and Sao Paulo. Above cities like Buenos Aires, Lisbon and Río de Janeiro. Top 10 large city ranking. Cost Effectiveness category. Ranked among 52 cities World Bank Doing Business May 2014 2 nd National Place (ease of doing business) 2 st Place, Property registration 2 nd Place, Granting of construction permits 2 rd Place, Contract enforcement 8 th Place, Business startup IMCO. Instituto Mexicano para la competitividad Observatorio Económico México Cómo vamos? Feb. 2015 3 rd. Most competitive city in México National leader in growth 52

11. GOVERNMENT INCENTIVES Aguascalientes has: Great quality of life, constantly ranking as one of the top places to live. One of the 5 States with the lowest crime rates in Mexico. The World Bank, through its Doing Business in Mexico report, identifies Aguascalientes as the #2 State in which it easiest to do business in Mexico. The state has consistently proven to be a competitive location for business, with legal certainties and government efficiency. No strikes in the industrial sector in more than 45 years. 11.1. SUPPORT FOR EMPLOYEE RECRUITMENT Through the National Employment Service office (SNE), we will provide support gathering candidates for your project at no cost for Your company. The SNE will aid recruiting for a full range of positions, from line operators to upper management. 11.2. SIGNIFICANTLY LOW TURNOVER RATE Employee turnover rate in Aguascalientes is among the lowest in Mexico. Some of the benefits companies get from this fact are: Low costs of hiring and training. Low costs from covering vacancies. Lower cost of quality and rework. Stable and efficient work force. 11.3. COMPETITIVE PERSONNEL EDUCATION The population of Aguascalientes has an average of 9.4 years of schooling, the highest in the Bajío region (Aguascalientes, Zacatecas, San Luis Potosi, Guanajuato and Queretaro States). *National Information, Statistics and Geography Institute, INEGI 53

11.4. STATE PAYROLL TAXES: Each State determines its own payroll tax rate. Aguascalientes is among the lowest in the Country. Aguascalientes 2.0 % Chiapas 2.0 % Baja California Sur 2.5 % Estado de México 2.5 % Campeche 3.0 % Nuevo León 3.0 % 11.5. DIRECT CONNECTION WITH LOCAL EDUCATION INSTITUTIONS AND R&D CENTERS Through our State Government, companies connect with top universities and colleges, as well as centers for research and development, focused on automotive and other industries as well. The Center for the Development of the Automotive Industry (CeDIAM) is an excellent example of how the private sector, the academia and government work together for the development of our economy. By creating a permanent channel though which companies are able to share best practices, consolidate logistics, develop suppliers and harmonize university study programs with the needs of industry, we are establishing a solid cluster not only dedicated to manufacturing, but also to innovation. Among its most important features, CeDIAM provides quality training courses and certification plans in different areas related to manufacturing, such as injection mold design, die casting, maintenance and so on. Furthermore, it feeds and manages a supplier database for the automotive sector, bolstered by an annual showroom expo called ExpoPartes, where OEM s and Tier 1 companies can present their input needs and potential suppliers can present their bids through a business meeting system. The Center also has a packaging and logistics testing lab, where manufacturers can simulate the behavior of their merchandise through land, air and sea travel conditions, thus lowering damages and reducing the possibility of unexpected product casualties. It is a great asset for companies to have an organization like CeDIAM strengthening the competitiveness of our State s industrial sector. 54

11.6. GOVERNMENT SUPPORT The State Government, through its Economic Development Office, will permanently assist companies already established and newcomers. We provide guidance on permits and other procedures, such as construction licenses and environmental regulations, among other. 11.7. OTHER INCENTIVES Source: ProMéxico 11.7.1. IMPORT TAX REFUND TO EXPORTERS The Import Tax Refund to Exporters program is the oldest Export Promotion Program. Since 1985, Mexican exporters enjoy the benefit of the general import tax refund, through the mechanism known internationally as drawback, which has led them to increase their competitiveness. The Ministry of Economy has continuously modified this program with the purpose of making more transparent and simplified rules so the exporting firms under this scheme can operate in optimal conditions. Brings to the beneficiary exporters the possibility to obtain a return for the general import tax paid for the goods having been incorporated to export commodities, or from the import of commodities being returned in their original state or having undergone repair or alteration processes. The return amount is determined based on the amount paid for the general import tax in Mexican currency, divided by the exchange rate between the Mexican peso and US dollars on the date the payment was made. Reference: Secretaría de Economía - DrawBack 55

11.7.2. MANUFACTURING, SUBLET AND EXPORT SERVICES INDUSTRIES (IMMEX): The Federal Government s IMMEX Program (formerly PITEX) is an instrument aimed to simplify the procedures and requirements, as well as to incorporate services into the former sublet industry regime. IMMEX allows for the temporary import of the necessary goods used in an industrial or services process required for the making, transforming or repairing of commodities of foreign origin temporarily imported for exportation. Beneficiaries are legal entities resident in national territory, referred to in Section II of Article 9 of the Federal Tax Code, is taxable in accordance with Title II of the Law on Income Tax, IMMEX one, which may include the controller modalities companies, industrial, services, shelter and outsourcing, only to meet the requirements of the Decree for the Promotion of Manufacturing, Maquiladora and Export Services (IMMEX), published in the Official Gazette and the Federation on November 1, 2006. A company may file for the IMMEX program through the local delegation of the Ministry of Economy, where the company has its address and it will carry out is operations and filing it through electronic means within the web portal of the corresponding Ministry. In Aguascalientes, the Federal Ministry of Economy s office address is: Av. Tecnológico # 106, Fracc. 4º. Centenario, CP 20190, Aguascalientes. Phone numbers: (449) 970-2501, (449) 970-2502, (449) 970-2503, (449) 970-3315. To file for a new IMMEX program a company needs the following: Certificate of Advanced Electronic Signature; Active Federal Taxpayer Registration Code Number (RFC); Registered address where operations are carried out under the Program (must be registered and active under Federal Taxpayer Registration). Reference: Secretaría de Economía - IMMEX 56

11.7.3. PROGRAMS OF SECTORIAL PROMOTION (PROSEC) PROSEC is designed for manufacturers of specific products. A company that can take advantage of this program can import non-nafta originating goods and materials to be used in the production of specific products and pay 0-7% duty. Reference: Secretaría de Economía - PROSEC 11.7.4. COMPETITIVENESS PROGRAM FOR LOGISTICS AND SUPPLY MARKETS (PROLOGYCA) The program intends to enhance the development of logistic services through temporary subsidies for projects that encourage the creation, modernizing, efficiency, consolidation, competitiveness or the sustainability of Mexican corporations in the fields of logistics and supply; as well as to foster best practices in the logistics management of corporations. Beneficiaries of this program include individuals with entrepreneurial activities, or companies operating in the fields of Logistics and Supplies; the entrepreneurial organizations, integrating corporations and nonprofit organizations, which foster the development of logistics, supply and/or integration of value chains; the academic institutions aimed at training specialized human resources for the logistics and supply sectors; public, private or mixed organizations having an interest in improving their logistics management of the supply chain, which will submit projects according to previsions. References and O.R: PROLOGYCA 11.7.5. HIGH TECHNOLOGY INDUSTRIES DEVELOPMENT PROGRAM (PRODIAT): The High Technology Industries Development Program aims to encourage the transfer and adoption of new technologies improving the competitiveness of precursory sectors and high technology, attending malfunctions in the market that hinder the growth of production, employment, productivity and competitiveness of the companies and the industry in general through temporary subsides. PRODIAT has national coverage and its target population, is subject of being beneficiary to obtain economic support for the realization of the projects that are described in their Rules of Operation. Incentives are provided in the following areas: 57

1. Technical assistance, training and other related services to reduce risk and sunk costs associated with training and consultancy specializing in the industrial application of innovative products and processes. 2. Technical assistance to increase efficiency in purchasing decisions machinery, supplies and highly specialized services. 3 Access and specialized information resources of the current situation in the markets, and technological trends, production and demand. Beneficiaries are individuals with business and corporations incorporated under Mexican law, engaged in activities falling within subsectors defined in the Classification System North American Industry (NAICS), including business organizations and first tier suppliers: Manufacture of machinery and equipment, Manufacture of computer, communication, and other measurement equipment, electronic components and accessories, Manufacture of power generation and electrical appliances and accessories, and Manufacture of transport equipment and parts for motor vehicles Reference: Programa Para el Desarrollo de las Industrias de Alta Tecnología 11.7.6. PROGRAM FOR THE DEVELOPEMENT OF SOFTWARE INDUSTRY (PROSOFT) The objective of this program is to foster the growth of the software industry and to enlarge the information technologies (ITs) market in Mexico. Beneficiaries of this program are the software and TI sector companies and the academic sector, which are supported through financing and training programs. The support granted by PROSOFT 2.0, involves infrastructure, training, legal services, among other. Support grants vary by type of project and impact, and is subject to Federal and State budgets, as appropriate. Grant support is in the form of temporary subsidies. You can access this program through a bidding process. Reference: Secretaría de Economía 11.7.7. INCENTIVE PROGRAMS TO STIMULATE INNOVATION: 58

The incentive aims to stimulate innovation and encourage investment in technological research and development through the grant of economic complementary incentives to companies that carry out activities on Research, Technological Development and Innovation (RTDI), with the purpose of increasing company competitiveness, the creation of new quality jobs and encouraging the economic growth of the country. The program is for Mexican companies registered in the Registro Nacional de Instituciones y Empresas Científicas y Tecnológicas (RENIECYT), that perform activities related to RTDI in Mexico individually or in association with other companies or high education institutions and/or national and international research centers or institutes. This program operates in three categories: INNOVAPYME, INNOVATEC and PROINNOVA. Each year CONACYT, calls for the requirements and eligibility of the companies that can participate in the programs. Reference: PEI 59

12. LIVING ENVIRONMENT FOR FOREIGN EXECUTIVES In Aguascalientes, we count with highly specialized services in education, health and entertaining, to the Japanese and foreign community settled in our State. 12.1. WHAT IS THE COST OF LIVING IN AGUASCALIENTES? The National Cost of Living Survey 2009-2010, conducted by MERCER LLC (firm dedicated to consulting, outsourcing and investment), benchmarks Mexico City as the capital of the country and then compares the cost of living for 42 other cities in Mexico. It measures the cost of 122 products and services, which are grouped into categories such as housing, education, health, and so on. The survey also evaluates data from the Bank of Mexico and the National Institute of Statistics and Geography (INEGI), with a selection of the most commonly used products and services per socioeconomic status. According to the Mercer Survey, Aguascalientes places in the middle of the chart, stating that Aguascalientes reflects good growth and is a State which is economical to live in. The average cost to rent a 200 m 2 house and 3 bedrooms is approximately $ 530.00 USD/month, depending on the area. The cost for monthly rent of a 150 m 2 apartment and 1-2 bedrooms is approximately USD $ 335.00, depending on the area. In terms of hotel infrastructure, there are 4,400 rooms from several chains and for all budgets, ranging from USD $ 38.00 to $ 168.00 per night. International and local hotels, such as Fiesta Americana, Ibis, Las Trojes, Marriot, One, Quality Inn and Quinta Real are at your disposal. 60

12.2. HOW RECEPTIVE IS THE POPULATION TOWARDS FOREIGN EXECUTIVES? Immigrant population in our state is in the order of 10,000 inhabitants, and given the great number of Japanese companies that have settled here for decades (73% of all Japanese investment in Mexico is in our State), we currently host an estimate of 500 Japanese families, as well as families from many other backgrounds and cultures. 12.3. WHAT ARE THE TYPICAL IMMIGRATION PROCEDURES FOR EXPATS? FMM (Basic Immigration Format) is required. Unit: Instituto Nacional de Migración (National Immigration Office) Address: Blvd. Miguel de la Madrid 2790 Int. 15, Fracc. Corral de Barrancos, Jesús María, Aguascalientes. Phone: (449) 915-6069, (449) 915-6085 Resolution: 15 working days. Costs (MXN): Temporary Residence (2015) 1 year MXN $ 3,243 / US $ 216.2 USD 2 years MXN $ 4,859 / US $ 323.9 3 years MXN $ 6,154 / US $ 410.2 4 years MXN$ 7.294 / US $ 486.2 Effective: The permit that certifies the status of temporary residence may be valid for one, two, three or four years, from when the expat obtained (his or her) authorization status of stay. When a temporary resident obtains a work permit, the document certifying their status will apply as long as the labor contract requires. The holder of a permit may request for a renewal within 30 natural days prior to its expiration. This can be effective up to no more than 4 years, which is the limit. Otherwise applying for a permanent residence may be suggested. Format Required: Official Immigration Format http://www.inm.gob.mx/static/tramites_lm/estancia_lm/expedicion_de_doc_migratorio/formato _Basico_Internet.pdf Source: Instituto Nacional de Migración. 61

12.4. LIVING ENVIRONMENT 12.4.1. WHERE DO FOREIGN EXECUTIVES USUALLY LIVE IN AGUASCALIENTES? Foreign companies normally settle their executives in middle-high to high income residential developments, some of them with access to golf courses and sports clubs. The commute to most Industrial Parks takes no more than 20 minutes by car. These developments are conveniently located in areas where major hospitals, shopping malls, movie theaters, restaurants, theaters and grocery stores are settled. 12.4.2. WHERE CAN ONE PURCHASE GROCERIES AND IMPORTED FOODS? You will find major stores like Sam s, Costco, Soriana, Superama and Wal-Mart. For Japanese food and ingredients, you will find a local branch of www.toyofoods.com.mx 12.4.3. ARE THERE INTERNATIONAL SCHOOLS FOR IMMIGRANT FAMILIES? Outside Mexico City, The Japanese School of Aguascalientes is the only school accredited by the Japanese Ministry of Education. There are other international and bilingual schools in the State (please refer to International Schools, in Chapter 7 of this document, Education Data). Sources: http://www.investinaguascalientes.gob.mx/cap_humano.html http://www.guiaeduca.com.mx/preescolar-en-aguascalientes/preescolar-1-105620122.html 12.4.4. ARE THERE ASSOCIATIONS OR SUPPORT GROUPS FOR THE JAPANESE COMMUNITY? There is an association (Asociación México-Japón) located in Aguascalientes. You may request additional information in Japanese language at vicepresidencia_aiimjac@prodigy.net.mx 12.4.5. ARE THERE ANY JAPANESE SPEAKING HEALTH CENTERS? The OKABE Medical Clinic, which since 1994 offers medical attention in Japanese language, and offers the best services with the most advanced health care technology. The Clinic also offers the following services: State Laboratory for Public Health State Center for Blood Transfusion State Center for Addictions Prevention Medic Specialties Units Cleft Lip - Cleft Palate Clinic 62

12.4.6. ARE THERE LEISURE ACTIVITIES FOR EXPATS? 12.4.6.1. GOLF COURSES IN AGUASCALIENTES Golf Course Membership Cost Holes Hours of Operation Cost of Green Fee Cost of Caddy Campestre Membership cost: No memberships are available for foreign nationals 18 6 am 10 pm MXN $ 1,500.00 + 16% tax (with a member) MXN $ 250.00 plus tip (20%) Pulgas Pandas Membership: MXN $ 30,000 9 6 am 10 pm MXN $ 1,260.00 + 16% tax MXN $ 250.00 plus tip (20%) Monthly fees: MXN $ 2,250 individual (with a member) MXN $ 3,300 family Santa Monica Public Course. No membership fees nor monthly fees. 9 6 am 9 pm Mon. to Fri. MXN $ 375.00 Sat., Sun. MXN $ 200.00 plus tip (20%) MXN $ 475.00 12.4.6.2. OJOCALIENTE THERMAL SPRINGS This popular complex opened in the middle of the XIX Century, one of the major touristic attractions of the city historically. The actual name of the city is given by this hot springs. 12.4.7. HOW IS PUBLIC SAFETY IN AGUASCALIENTES? 63

Aguascalientes is one of the safest States in the Country. Every member of our Police Corps has been submitted to trust tests by the National Security System. Aguascalientes is the first State operating under a Single Command Police, which establishes a close-knit and efficient coordination network among police and intelligence corps. This has remarkably improved security levels and quality of life in Aguascalientes. There is a high-tech, state-of-the-art C-4 (Command, Control, Communications and Computerized Data Base) Center, which is the State s Headquarters for the National Information System for Public Safety. Their prime activities are to prevent, dismantle and prosecute law infringements as well as attend emergency lines' phone calls. From this center are coordinated several Public Security and Public Safety institutions, such as the State Police, Municipal Police, Emergency Response, and other. Guided visits for investors and executives are available upon request. 64

13. INVEST IN AGUASCALIENTES - MEDIA INVEST IN AGUASCALIENTES www.investinaguascalientes.gob.mx 65

14. CONTACT INFORMATION For further information please contact: Mr. Raúl Landeros Bruni Secretary of Economic Development raul.landeros@aguascalientes.gob.mx +52 (449) 910-2611, Ext. 5914 Mr. Adalberto Ortega Under-Secretary of Economic Development adalberto.ortega@aguascalientes.gob.mx +52 (449) 910-2611, Ext. 5921 66

Attachments 67

Attachment 1, Aguascalientes Industrial Parks 1 San Francisco Industrial Park (PISFI) 2 San Francisco Industrial Park (PISF II) 3 San Francisco Industrial Park (PISF III) 4 San Francisco Industrial Park (PISF IV). 5 Automotive Logistics Industrial Park (PILA) 6 Gigante de Arellano Industrial Park (PIGA) 7 Chichimeco Industrial Park (PICH) 8 Calvillo Industrial Park (PIC) 9 El Llano Industrial Park 10 Aguascalientes Valley Industrial Park (PIVA) 11 Tecnopolo I Industrial Park 12 Tecnopolo II Industrial Park 13 Ciudad Industrial (Municipal) 14 Rafael Medina (Municipal) 15 Vergel Industrial Park (Private) 16 Altec Industrial Park (Private) 17 Siglo XXI Industrial Park (Private) 18 FINSA Industrial Park (Private). 68

1. San Francisco Industrial Park (PISF) Location 17 Km. North from Aguascalientes City Surface 205 Has. stages 1 to 3 Availability SOLD OUT. Built 1995. Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Aguascalientes State Government trough FDIA. Companies settled 51 Jobs 9,300 Main activities Automotive, Apparel & Clothing, Electronics Japanese Companies Advanced Composites, Calsonic-Kansei (factory 2), DAI Nippon Toryo, K&S Wiring Systems, Kotobukiya Treves, Marubeni Itochu Steel, Nicometal, San-S, and Unipres. Other Companies Donaldson, Cooper Standard, Cloyes Dynagear, Cartograf, Diagraph ITW, Gestamp, Hexagon Polymers, Sacred, Holcim Cost / m 2 MXN $ 405.00 US $ 26.12 Upfront MXN $ 450.00 US $ 29.03 Credit Services On Highway 45 (NASCO Corridor) Inbound warehouse Firefighting station Asphalt roads Railroad spur Fresh water well supply Sewage network Water treatment facilities Electricity sub-station (115 / 138 Kv) Natural gas network Optic fiber network Green areas Electric charge provided: 200 KVA * *Must contract with Comisión Federal de Electricidad (CFE).

San Francisco Industrial Park (PISF) Stages 1, 2 and 3 2

2. San Francisco Industrial Park, IV (PISF IV) Location 17 Km. North from Aguascalientes City Surface 122 Has. Availability 40% available. Built 2013. Developer FDIA & GP Group. Owner FDIA & GP Group. Companies settled 4. Jobs 1,300. Main activities Automotive. Japanese Companies Unipres, Fuji Kiko Tachi-S, Beyonz and Yokohama. Cost / m 2 US $ 43.00 Services On Highway 45 (NASCO Corridor) Inbound warehouse Firefighting station Asphalt roads Railroad spur Fresh water well supply Sewage network Water treatment facilities Electricity sub-station (115 / 138 Kv) Natural gas network Optic fiber network Green areas Electric charge provided: 300 KVA * *Must contract with Comisión Federal de Electricidad (CFE). 3

San Francisco Industrial Park, IV (PISF IV) Map 4

3. Automotive Logistics Industrial Park (PILA) Location Surface 18 km South of Aguascalientes City; 1.5 km from Aguascalientes Airport; with easy access to Nissan A1 and A2 Plants and to Southern States Querétaro, Jalisco (Guadalajara, El Salto) and Guanajuato (Silao, Celaya, Salamanca). 106 Ha. Availability 30% Available Built 2012. Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Companies settled 11. Jobs 910. Aguascalientes State Government trough FDIA. Main activities Automotive Japanese Companies Exedy-Dynax, Aguascalientes Steel Coil Center, Kitagawa México, Tohken Thermo, Riken, Howa Textile, Kyoei Techseed, Molitec Steel, NTN (all building facilities). Other Companies None so far. Cost / m 2 MXN $ 504.00 US $ 32.50 Upfront MXN $ 560.00 US $ 36.12 Credit Services Daycare, firefighter and police modules. Controlled access and security patrol. Perimeter wall enclosing industrial park. Asphaltic concrete paved roads. Hydraulic concrete sidewalk curbs. Acceleration and deceleration lanes. Efficient public lighting on roadways and sidewalks (by solar energy). Fresh water well supply Treated water supply. Sewage network with discharge to water treatment plant. Wastewater treatment plant. Electric power at 115 / 13.8 kv. Natural gas network. Optic fiber network. Green areas. Electric charge provided: 250 KVA * *Must contract with Comisión Federal de Electricidad (CFE). 5

Automotive Logistics Industrial Park (PILA) Map 6

4. Gigante de los Arellano Industrial Park (PIGA) Location 7 Km. South from Aguascalientes City, almost in front of Nissan A1 facilities. 1 km to TMM Logistics, a bonded warehouse with load/unload train containers facilities. Closet o State s University south campus.. 7 km to Aguascalientes International Airport and PILA Park, 5 Km to Nissan A2 facilities. Surface 14 Has. Availability SOLD OUT Built 2008 Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Aguascalientes State Government trough FDIA. Companies settled Minth, TK Minth and TST Aluminum. Jobs 720. Main activities Automotive. Japanese Companies TK Minth. Other Companies Minth México, TST Nikkei Aluminum. Cost / m 2 MXN $ 747.00 US $ 48.19 Upfront MXN $ 830.00 US $ 55.54 Credit Services Paved roads. Sewage network. Fresh water well supply. Electricity, 115 / 138 Kv. Optic Fiber network. Green areas. Electric charge provided: 200 KVA* *Must contract with Comisión Federal de Electricidad (CFE). 7

Gigante de los Arellano Industrial Park (PIGA) Map 8

5. Chichimeco Industrial Park (PICH) Location 10 km. North of Aguascalientes City Surface 54 Ha. Availability 3.5 Ha. Built 2005. Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Aguascalientes State Government trough FDIA. Companies settled 25. Jobs 1,650. Main activities Automotive (including Die Cast and Tooling Services), Software, Woodcrafting. Japanese Companies Sakaiya, Mansho, Parker. Other Companies IEWC, Microcart, WPS, Dofesa, Mattis, MC Gourmet, Berni Labs, Manufacturas Volvo, G-3, Vincitore. Cost / m 2 MXN $ 531.00 US $ 34.50 Upfront MXN $ 590.00 US $ 38.06 Credit Services Right next to Jesús María metropolitan area Controlled access Sewage network Fresh water well supply. Electricity (115 / 138 Kv) Optic fiber network Green areas Electric charge provided 75 KVA by Lot.* *Must contract with Comisión Federal de Electricidad (CFE). 9

Chichimeco Industrial Park (PICH) Map Available 10

6. Calvillo Industrial Park (PIC) Location 60 Km. West from Aguascalientes City, 5 Km. from Calvillo s Municipality largest metropolitan area. Surface 18 Has. Availability 13.45 Ha. Built 2004. Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Aguascalientes State Government trough FDIA. Companies settled 1. Jobs 1,200. Main activities Automotive. Japanese Companies Sistemas de Arneses K&S Mexicana. Other Companies None. Cost / m 2 MXN $ 434.00 $ 28.00 USD Services Paved roads. Sewage network. Fresh water well supply. Electricity, 115 / 138 Kv. Green areas. Electric charge provided 200 KVA * *Must contract with Comisión Federal de Electricidad (CFE). 11

Calvillo Industrial Park (PIC) Map 12

7. El Llano Industrial Park Location 35 Km. East from Aguascalientes City, 1 km. from El Llano s Municipality largest metropolitan area. Surface 15 Has. Availability 8 Ha. Built 2012. Developer Fideicomiso Desarrollos Industriales de Aguascalientes (FDIA). Owner Aguascalientes State Government trough FDIA. Companies settled 1. Jobs 43. Main activities Automotive. Japanese Companies VIAM Manufacturing (Japan Vilene Company). Other Companies None. Cost / m 2 MXN $ 198.00 US $ 12.77 Upfront MXN $ 220.00 US $ 14.19 Credit Services Paved roads. Sewage network. Fresh water well supply. Electricity, 115 / 138 Kv. Green areas. Electric charge provided 200 KVA * *Must contract with Comisión Federal de Electricidad (CFE). 13

El Llano Industrial Park Map 14

8. Aguascalientes Valley Industrial Park (PIVA) Location 9 km. North of Aguascalientes City Surface 103 Ha. Availability SOLD OUT. Built 1986 Developer Fideicomiso de Parques Industriales de Aguascalientes Owner Aguascalientes State Government trough FDIA. Companies settled 70 Jobs 12,100 Main activities Automotive, Textile, Apparel & Clothing. Japanese Companies Advanced Composites, Calsonic-Kansei (factory 1), Nicometal, Nippon Express, Sakaiya, Sanoh Industrial, Tachi-S, and Yaskawa Motoman. Other Companies Bosch, Legget & Platt, Unilever, La Huerta (Little Farm), Shorewood. Cost / m 2 SOLD OUT. Services On Highway 45 (NASCO Corridor) Asphalt roads. Sewage network. Fresh water well supply. Water treatment facilities. Electricity (115 / 138 Kv). Natural gas network. Optic fiber network. Green areas. Electric charge provided N/A * * Check Availability with Comisión Federal de Electricidad (CFE). 15

Aguascalientes Valley Industrial Park (PIVA) Map 16