Payment Progress

Payment Progress No Description 1 2 3 1 Total contract ### 10% 10% 2 Progress of works (%) 10% 20% 3 Total progress of works 4 Down payment 20% ### 5 Progress payment ### ### 6 Deduct Down Payment 5 X -500,000.00 -500,000.00 7 Sub Total Payment ### 750,000.00 750,000.00 8 Total Paid ### ### ### Payment Progress No Description 1 2 3 1 Total contract ### 10% 10% 2 Progress of works (%) 10% 20% 3 Total progress of works 4 Down payment 20% ### 5 Progress payment ### ### 6 Deduct Down Payment 7 x -400,000.00 -400,000.00 7 Sub Total Payment ### 850,000.00 850,000.00 8 Total Paid ### ### ### Payment Progress No Description 1 2 3 1 Total contract ### 10% 10% 2 Progress of works (%) 10% 20% 3 Total progress of works 4 Down payment 20% ### 5 Progress payment ### ### 6 Deduct Down Payment As progress -250,000.00 -250,000.00 7 Sub Total Payment ### ### ### 8 Total Paid ### ### ###

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Payment Progress

No DescriptionPayments (US $)

1 2 3 41 Total contract 12,500,000.00 10% 10% 10%2 Progress of works (%) 10% 20% 30%3 Total progress of works4 Down payment 20% 2,500,000.005 Progress payment 1,250,000.00 1,250,000.00 1,250,000.006 Deduct Down Payment 5 X -500,000.00 -500,000.00 -500,000.007 Sub Total Payment 2,500,000.00 750,000.00 750,000.00 750,000.008 Total Paid 2,500,000.00 3,250,000.00 4,000,000.00 4,750,000.00

Payment Progress

No DescriptionPayments (US $)

1 2 3 41 Total contract 12,500,000.00 10% 10% 10%2 Progress of works (%) 10% 20% 30%3 Total progress of works4 Down payment 20% 2,500,000.005 Progress payment 1,250,000.00 1,250,000.00 1,250,000.006 Deduct Down Payment 7 x -400,000.00 -400,000.00 -400,000.007 Sub Total Payment 2,500,000.00 850,000.00 850,000.00 850,000.008 Total Paid 2,500,000.00 3,350,000.00 4,200,000.00 5,050,000.00

Payment Progress

No DescriptionPayments (US $)

1 2 3 41 Total contract 12,500,000.00 10% 10% 10%2 Progress of works (%) 10% 20% 30%3 Total progress of works4 Down payment 20% 2,500,000.005 Progress payment 1,250,000.00 1,250,000.00 1,250,000.006 Deduct Down Payment As progress -250,000.00 -250,000.00 -250,000.007 Sub Total Payment 2,500,000.00 1,000,000.00 1,000,000.00 1,000,000.008 Total Paid 2,500,000.00 3,500,000.00 4,500,000.00 5,500,000.00

Payments (US $)5 6 7 8 9 10

10% 15% 15% 15% 10% 5%40% 55% 70% 85% 95% 100%

1,250,000.00 1,875,000.00 1,875,000.00 1,875,000.00 1,250,000.00 625,000.00-500,000.00 -500,000.00750,000.00 1,375,000.00 1,875,000.00 1,875,000.00 1,250,000.00 625,000.00

5,500,000.00 6,875,000.00 8,750,000.00 10,625,000.00 11,875,000.00 12,500,000.00

Payments (US $)5 6 7 8 9 10

10% 15% 15% 15% 10% 5%40% 55% 70% 85% 95% 100%

1,250,000.00 1,875,000.00 1,875,000.00 1,875,000.00 1,250,000.00 625,000.00-400,000.00 -300,000.00 -300,000.00 -300,000.00850,000.00 1,575,000.00 1,575,000.00 1,575,000.00 1,250,000.00 625,000.00

5,900,000.00 7,475,000.00 9,050,000.00 10,625,000.00 11,875,000.00 12,500,000.00

Payments (US $)5 6 7 8 9 10

10% 15% 15% 15% 10% 5%40% 55% 70% 85% 95% 100%

1,250,000.00 1,875,000.00 1,875,000.00 1,875,000.00 1,250,000.00 625,000.00-250,000.00 -375,000.00 -375,000.00 -375,000.00 -250,000.00 -125,000.00

1,000,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,000,000.00 500,000.006,500,000.00 8,000,000.00 9,500,000.00 11,000,000.00 12,000,000.00 12,500,000.00