CIVIL TECH PTE LTD

No. 121 KAKI BUKIT AVENUE 1, SHUN LI INDUSTRIAL PARK, SINGAPORE (415995)

Tel: 6891 6119, Fax: 6891 6187 / 6297 7187

PROJECT TITLE : PROPOSED ADDITIONS & ALTERATIONS WORKS TO CAUSEWAY POINT

LOCATION : WOODLANDS SQUARE

SCOPE OF WORK : STAINLESS STEEL LETTER BOX

SUB-CONTRACTOR : KAI ENGINEERING & CONSTRUCTION PTE LTD

SUB-CONTRACT AGREEMENT REF: L001-SUBCON-CWP-LOA-KAI-Letter box (15TH JUL 2010)

1 Accumulated aggregrate amount of Work Done (312 nos of SS letter box) S$ 46,800.00

2 Accumulated aggregrate amount of Variation order ( 24 nos Top cladding) S$ 1,800.00

3 Accumulated aggregrate amount of Day work S$ 0.00

4 Accumulated aggregrate amount of Omission works S$ 0.00

5 FINAL adjusted contract sum S$ 48,600.00

6 Less Previous Accum. aggregate Payment amount include Contra if applicable (Excl. GST) S$ -42,120.00

7 Balance Amount After This Statement of Final Account (Exclusive of GST) S$ 6,480.00

8 Less 2.5% of retention sum (Payable upon hand over to client) S$ 0.00

9 Less 2.5% of retention sum (Payable upon DLP ended) S$ 0.00

10 Balance Amount After This Statement of Final Account (Exclusive of GST) 6,480.00

(Balance amount shall be paid off to the Sub-contractor within 45 working days after this settlement)

On behalf of CIVIL TECH PTE LTD

I / We, on behalf of (KAI ENGINEERING & CONSTRUCTION PTE LTD) in respect to the scope of work within Sub-contract agreement and or Purchase Order that are

Signature : relate to the Project title as mentioned above; I / WE hereby confirmed, agreed Prepared by : Batanan Dimson and accepted ALL amount as detailed and stated above, Designation : Quantity Surveyor as Full and Final settlement of the entire Sub-contract works and further confirmed Date : 30th June 2011 and agreed that we have NO further claims whatsover under this Sub-contract and or

in Common Law.

Signature : I / We, agreed to indemnify and save harmless the Company (CIVIL TECH PTE LTD) Verified by : Salmi Nordin and its officers, directors, and employees, from all liens and claims, arising out of Designation : Account Dpt. or in connection with the Works, including but not limited to the labor, materials or Date : 30th June 2011 services furnished by us or any of our Subcontractors, suppliers, employees or agents.

I / We, expressively agree that all defective Warranted works or part thereof Signature : if Applicable shall be repaired, rectified or replaced by us at our own cost and Approved by : Lai Yoong Heng expenses within a reasonable time frame from the date of notification in writing from Designation : Project Director CIVIL TECH. Failing which, CIVIL TECH has the right to recover all costs from us. Date : 30th June 2011

Signature : Approved by : Tan Hang Meng Designation : Managing Director Date : 30th Feb 2011 Name/Designation/Signature & Company's Stamp Date

STATEMENT OF FINAL ACCOUNT

Declaration and Acceptance by the Sub-contractor