All concern,

Even though that we all believe that Philippines is a corrupt country, but there are still good guys in the
Internal Revenue. The question here is the legality of procedure in establishing the agency. Its not
appropriate for me to email this information, but for everyone’s concern I would stretch this out. We all know
that the proceedings in the establishing of our agency is illegal due to the fact that we the investors
( Randolf, danny and Me ) doesn’t have any money to use as start up. An agreement agreed between
PMCO and DNR doesn’t have any credibility here in the Philippines due to the fact that existing
Government Policy always supersedes to other contract, but they’re might be liabilities on the way. That’s
what we are experiencing now. The reason why we are delaying the money we owe is for us to have an
enough interval to show bank details transaction to have an interval for weeks or month maybe. I would say
that you have just received on the 1st of June, and asking for the rest on the 3 rd of June could be our
grounds for hidden suspicious transactions and money laundering activities. Institutions effected by AMLA
includes the bank we are dealing with. Our remittances and other manning charges has exceeds these
threshold, therefore our bank is submitting to BSP ( Banko Sentral ng Pilipinas )a report of transactions,
particularly if there is a suspect of money laundering or illegal activities. The bank should be able to
determine the legitimacy of business activities of the client and should be able to report those considered
suspicious transactions under AMLA. I need you to be aware that what we are doing is illegal if we follow
the right rules and regulations in establishing an agency.

We are going to be in the right tract if we’ve been assess by Tax mapping in good standing, in were we are
expecting a visit this month. If they will visit and never have some questions then lucky for us, but if ever
they would confirm the irregularities then Punishment is impose imprisonment of from 12 years to 20 years
and fine of 1M Phil peso to 2M Phil peso anti Dummy Law which is part POEA policy.

“Conviction shall cause automatic revocation of the manning license. *SEC. 5.  “ Section 6 of Republic Act No. 8042,
states: *The persons criminally liable for the above offenses are the principals, accomplices and accessories. In case
of juridical persons, the officers having ownership, control, management or directors of their business who are
responsible for the commission of the offense and the responsible employees / agents thereof shall be
liable.”

Im not a lawyer who make decisions, but its very clear that what im doing here is maneuvering a wrecked
ship that’s need to pass standardization. I will assure that in the proper time, you will have your money
back, we just need to wait. Anyway as decided by the board 20th of June.

For the DNR Manpower ( Subic Poject ) there are still lots of changes regarding activities and accounting, it
was extended to September, everything will be handed over to you and post project review will be carried
out for the close out of the project. What ever has been discussed with the shares, is noted. Will have to
coordinate with the board if ever close out of the local agency is to be consider since there might be no
project after all.