PAZIPIK VENTURES TRUCKING SERVICES INC.

Sitio Kinalablaban, Cagdianao, Claver, Surigao del Norte

TO MR. JOEL M. SOBRECARAY

President October 9, 2018

THRU ENGR. RONALD R. SUELA

VP-Operation/Marketing Manager

RE SUMMARY OF TOTAL COLLECTIBLES FOR SHIPMENT

50% ACTUAL LOAD 40% REVISED RATE for 50%

PRICE OVERPAYMEN NET AFTER

ORE 10% 50%, 10% NET AFTER 40% OR 90 PRICE
VESSEL NAME COA
GRADE
PER AMOUNT LESS 2 % NET WMT RATE AMOUNT
RETENTION
T/ LESS 2 %
% PER WMT
AMOUNT LESS 2 % NET WMT RATE
WMT OFFSETTED RETENTION &
OVERPAYMENT
S

MV JIN YUAN 6,000.00 LG 1,354.35 $ 6.400 $ 8,667.82 $ 866.78 $ 7,801.04 $ 156.02 $ 7,645.02

MV DATU SUCCESS 16,000.00 MG $ 60,000.00 $ 1,200.00 $ 58,800.00 4,854.93 $ 6.800 $ 33,013.54 $ 3,301.35 $ 60,000.00 $ (30,287.81)

MV PACIFIC AWARD 15,000.00 LG $ 48,000.00 $ 960.00 $ 47,040.00 2818.946 $ 6.400 $ 18,041.25 $ 1,804.13 $ 48,000.00 $ (31,762.87)

MV PACIFIC ACTIVITY MG 609.143 $ 7.500 $ 4,568.57 $ 456.86 $ (30,287.81) $ (26,176.09)

MV DATU SUCCESS 20,000.00 LG 11,704.82 $ 5.400 $ 63,206.04 $ 6,320.60 $ 56,885.44 $1,137.71 $ 55,747.73

MV QING PING SHAN 25,000.00 LG 16,840.23 $ 5.400 $ 90,937.24 $ 9,093.72 $ (57,938.96) $ 23,904.55 $ 478.09 $ 23,426.46

MV MANDARIN HANTONG 10,000.00 MG 3096.045 $ 6.500 $ 20,124.29 $ 2,012.43 $ 18,111.86 $ 362.24 $ 17,749.63

MV JOSCO YANGZHOU 11,000.00 MG 5,082.85 $ 6.500 $ 33,038.51 $ 3,303.85 $ 29,734.65 $ 594.69 $ 29,139.96

MV E TRAVELLER 20,000.00 LG 12,645.84 $ 5.400 $ 68,287.53 $ 6,828.75 $ 54,000.00 $ 7,458.77 $ 149.18 $ 7,309.60 $ 5.400 $ 54,000.00 $ 1,080.00 $ 52,920.00

MV CHANG HANG BINHAI 5,000.00 MG 1,544.81 $ 6.500 $ 10,041.28 $ 1,004.13 $ 9,037.16 $ 180.74 $ 8,856.41

MV EVER PRECIOUS 5,000.00 LG 7,623.56 $ 5.400 $ 41,167.22 $ 4,116.72 $ 13,500.00 $ 23,550.50 $ 471.01 $ 23,079.49 $ 5.400 $ 13,500.00 $ 270.00 $ 13,230.00

MV MEDI PORTLAND 10,000.00 LG 9,390.159 $ 5.400 $ 50,706.86 $ 5,070.69 $ 27,000.00 $ 18,636.17 $ 372.72 $ 18,263.45 $ 5.400 $ 27,000.00 $ 540.00 $ 26,460.00

MV MEDI HAKATA NO COA LG 4,638.79 $ 5.400 $ 25,049.46 $ 2,504.95 $ 22,544.51 $ 450.89 $ 22,093.62

MV TRANS AUTUMN 15,000.00 LG 11,711.304 $ 5.400 $ 63,241.04 $ 6,324.10 $ 40,500.00 $ 16,416.94 $ 328.34 $ 16,088.60 $ 5.400 $ 40,500.00 $ 810.00 $ 39,690.00

MV HAI JIN 5,000.00 MG 2,966.079 $ 6.500 $ 19,279.51 $ 1,927.95 $ 17,351.56 $ 347.03 $ 17,004.53

MV CHANG HANG HUIHAI 15,000.00 LG 5,507.29 $ 5.400 $ 29,739.36 $ 2,973.94 $ 26,765.42 $ 535.31 $ 26,230.12

MV JIN YUE NO COA LG 109.64 $ 5.400 $ 592.03 $ 59.20 $ 532.83 $ 10.66 $ 522.17

MV CHANG HANG PU HAI 15,000.00 LG 16,497.61 $ 5.400 $ 89,087.11 $ 8,908.71 $ 40,500.00 $ 39,678.40 $ 793.57 $ 38,884.83 $ 5.400 $ 40,500.00 $ 810.00 $ 39,690.00

MV HEROIC 5,000.00 MG 10,111.185 $ 6.500 $ 65,722.70 $ 6,572.27 $ 16,250.00 $ 42,900.43 $ 858.01 $ 42,042.42 $ 6.500 $ 16,250.00 $ 325.00 $ 15,925.00
MV YUE DIAN 5,000.00 MG N/A $ 6.500 $ 16,250.00 $ 325.00 $ 15,925.00

MV CHANG HANG HUI HAI 15,000.00 LG 12,263.366 $ 5.400 $ 66,222.18 $ 6,622.22 $ 40,500.00 $ 19,099.96 $ 382.00 $ 18,717.96 $ 5.400 $ 40,500.00 $ 810.00 $ 39,690.00

MV JIN GANG 10,000.00 MG REJECTED LOADS DUE TO WET MATERIALS $ 6.500 $ 32,500.00 $ 650.00 $ 31,850.00

MC DATU SUCCESS 10,000.00 LG 7,560.575 $ 5.400 $ 40,827.11 $ 4,082.71 $ 27,000.00 $ 9,744.39 $ 194.89 $ 9,549.51 $ 5.400 $ 27,000.00 $ 540.00 $ 26,460.00

MV CHANG HANG CANG HAI 8,000.00 MG 4,570.286 $ 5.400 $ 24,679.54 $ 2,467.95 $ 21,600.00 $ 611.59 $ 12.23 $ 599.36 $ 5.400 $ 21,600.00 $ 432.00 $ 21,168.00

MV SHENG HENG HAI 15,000.00 LG $ 4,094.356 $ 5.400 $ 22,109.52 $ 2,210.95 $ 19,898.57 $ 397.97 $ 19,500.60

MV AMOY PROGRESS 5,000.00 MG N/A $ 6.500 $ 16,250.00 $ 325.00 $ 15,925.00

MV JIN HONG 5,000.00 MG $ 6,020.27 $ 5.800 $ 34,917.57 $ 3,491.76 $ 16,250.00 $ 15,175.81 $ 303.52 $ 14,872.29 $ 6.500 $ 16,250.00 $ 325.00 $ 15,925.00

MV IKAN SELAYANG 15,000.00 LG $ 9,414.690 $ 5.400 $ 50,839.33 $ 5,083.93 $ 40,500.00 $ 5,255.39 $ 105.11 $ 5,150.29 $ 5.400 $ 40,500.00 $ 810.00 $ 39,690.00

MV JOSCO TAICANG 5,000.00 MG $ 1,486.238 $ 5.800 $ 8,620.18 $ 862.02 $ 7,758.16 $ 155.16 $ 7,603.00

MV JIN YI 10,000.00 MG $ 2,924.09 $ 7.500 $ 21,930.64 $ 2,193.06 $ 19,737.58 $ 394.75 $ 19,342.83

MV SHENG HENG HAI 20,000.00 LG $ 18,811.962 $ 5.400 $ 101,584.59 $ 10,158.46 $ 54,000.00 $ 37,426.14 $ 748.52 $ 36,677.61 $ 5.400 $ 54,000.00 $ 1,080.00 $ 52,920.00

MV E-TRADER 20,000.00 LG $ 5.400 $ 54,000.00 $ 1,080.00 $ 52,920.00

MV CHANG HANG HUAI HAI NO COA MG $ 3,117.78 $ 6.500 $ 20,265.54 $ 2,026.55 $ 18,238.99 $ 364.78 $ 17,874.21 $ 3,117.78 $ 7.500

MV SHENG HENG PING HAI NO COA LG $ 2,557.06 $ 5.400 $ 13,808.10 $ 1,380.81 $ 12,427.29 $ 248.55 $ 12,178.75

MV NEWSEAS JASPER 10,000.00 LG $ 2,674.129 $ 5.400 $ 14,440.30 $ 1,444.03 $ 12,996.27 $ 259.93 $ 12,736.34

MV PACIFIC ACHIEVEMNET 10,000.00 MG N/A

MV YANGTZE ELITE 5,000.00 MG NOTE: FOR 90% BILLING FAILURE TO LOAD THE COMMITTED WMT, WAITING FOR THE FINAL WMT (SSR) - LOADED 1,260 WMT BASED ON 18 CU3

MV ERACLEA 5,000.00 LG $ 5.400 $ 13,500.00 $ 270.00 $ 13,230.00

MV CLOE 5,000.00 MG NOTE: FOR 90% BILLING FAILURE TO LOAD THE COMMITTED WMT, WAITING FOR THE FINAL WMT (SSR) - LOADED 1,350 WMT BASED ON 18CU3

MV JOSCO DEZHOU 5,000.00 LG $ 5.400 $ 13,500.00 $ 270.00 $ 13,230.00

MV JIN TONG 5,000.00 MG LAYCAN PERIOD : OCT. 8-10, 2018 $ 8.500 $ 21,250.00 $ 425.00 $ 20,825.00

MV AQUA ATLANTIC 15,000.00 LG $ 5.400 $ 40,500.00 $ 810.00 $ 39,690.00

$ 115,475.60 $ 1,055,299.65

LEGEND:
PAID BILLING 50% COLLECTIBLES total collectibles for 40% and 90% billings $ 82,216.79
40% AND 90%COLLECTIBLES total collectibles for 50% billings $ 73,745.00
BILLED 50%

Prepared by: Noted by:

LOVELY P. GEDE ENGR. RONALD R. SUELA

Billing Officer VP-Operation/ Business Development
REVISED RATE for 40% and 90%

NET AFTER
10% OVERPAYMEN 50%, 10% NET AFTER
AMOUNT LESS 2 % TODATE COLLECTIBLES
RETENTION T/ OFFSETTED RETENTION & 40% OR 90 %
OVERPAYMEN
TS
 FINISHED LOADING

$ 23,383.32 $ 2,338.33 $ 21,044.99 $ 420.90 $ 20,624.09 FINISHED LOADING

FINISHED LOADING

FINISHED LOADING

FINISHED LOADING

FINISHED LOADING

FINISHED LOADING

ON-GOING LOADING

WAITING

ON-GOING LOADING

$ 155,961.79