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Wyeth Holdings LLC <br />Project Panda <br />Exhibit B - Investment <br />Total J$100,000,0001 $2,345,250 $1,412,715 <br />Estimated <br />Exhibit B <br />Estimated Appraised Value for <br />Added Tax <br />Estimated local tax <br />Estimated <br />Panda <br />Investment <br />Tax Purposes <br />Value <br />liability @.00795 <br />Grant Amount <br />FY 2017-2018 <br />$20,000,000 <br />90% of $20MM <br />$18,000,000 <br />$143,100 <br />$100,170 <br />80% of $20MM, 90% of <br />FY 2018-2019 <br />$50,000,000 <br />$50MM <br />$61,000,000 <br />$484,950 <br />$339,465 <br />70% of $20MM, 80% of <br />FY 2019-2020 <br />$20,000,000 <br />$50MM, 90% of $20MM <br />$72,000,000 <br />$572,400 <br />$343,440 <br />60% of $20MM, 70% of <br />FY 2020-2021 <br />$10,000,000 <br />$50MM, 80% of $20MM, 90% <br />$72,000,000 <br />$572,400 <br />$343,440 <br />60% of $20MM, 70% of <br />FY 2021-2022 <br />1$50MM, <br />80% of $20MM, 90% 1 <br />$72,000,000 <br />$572,400 <br />$286,200 <br />Total J$100,000,0001 $2,345,250 $1,412,715 <br />