GLOSCORE PHILIPPINES, INC.

Summary of Reserved Fund

PAUL M. DIAZ DE RIVERA

PROJECT GROSS SALES NET CM % AMOUNT' W/TAX RECEIVED DATE RECEIVED R.FUND

MR. VARGAS 1,412,239.14 811,330.26 0.5 6,210.08 621.01 5,030.16 07.17.07 558.91

558.91

ARVIN J. TORRES
PROJECT GROSS SALES NET CM % AMOUNT' W/TAX RECEIVED DATE RECEIVED R.FUND

MR. VARGAS 1,412,239.14 811,330.26 0.5 3,105.04 310.50 2,515.08 07.17.07 279.45

279.45

MARK ANTHONY A. ALEJO

PROJECT GROSS SALES NET CM % AMOUNT' W/TAX RECEIVED DATE RECEIVED R.FUND
MR. VARGAS 1,412,239.14 811,330.26 0.5 12,420.16 1,242.02 10,060.33 07.17.07 1,117.81

1,117.81

RAFAEL S. DORADO
PROJECT GROSS SALES NET CM % AMOUNT' W/TAX RECEIVED DATE RECEIVED R.FUND

MR. VARGAS 1,412,239.14 811,330.26 0.25 3,105.04 310.50 2,515.08 07.17.07 279.45
Kabayan Kaloocan 263,842.40 63,274.19 0.25 494.49 49.45 400.53 44.51

323.96

HOUSE ACCOUNT
PROJECT GROSS SALES % AMOUNT' R.FUND

MR. VARGAS 1,412,239.14 811,330.26 0.25 2,515.08 279.45

279.45
GLOSCORE PHILIPPINES, INC.
Commission / Incentive
M.R. VARGAS Quezon City Hall
TOTAL CONTRACT W/H TAX NET SALES LABOR MATERIALS
MISCELLANEOUSNET CM %
1,412,239.14 151,311.34 ### 18,169.30 ### ### 811,330.26 64.34%
- - -
Commission - based on Net sales
GROSS SALES NET SALES 1% MAA 0.5% PMD 0.025% RSD 0.025% AJT 0.025% Workers 0.025% HA
Collected ### ### 12,420.16 6,210.08 3,105.04 3,105.04 3,105.04 3,105.04 commission

Uncollected 21,181.56 18,912.11 378.24 94.56 94.56 94.56 94.56 94.56 remaining
### ### 12,798.40 6,304.64 3,199.60 3,199.60 3,199.60 3,199.60
% after Commission 61.84%
Commission based on Net Margin NET CM
Collected 811,330.26 535,477.97
Uncollected 811,330.26 275,852.29
###
Note: All commission are based on Net sales
PMD Commission Total contract CollectedNet Collected
Margin (CM) TOTAL
.5% Net collected
M.R. Vargas ### ### ### ### 6,210.08 6,210.08
less Wtax 621.01
Total 5,589.07
less 10% reserved fund 558.91
Net commission 5,030.16
RSD Commission Total contract CollectedNet Collected
Margin (CM) TOTAL
.25% Net collected
M.R. Vargas ### ### ### ### 3,105.04 3,105.04
Kabayan 263,842.40 ### ### ### 494.49 494.49
total 3,599.53
less Wtax 359.95
Total 3,239.58
less 10% reserved fund 323.96
Net commission 2,915.62
MAA Commission Total contract CollectedNet Collected
Margin (CM) TOTAL
.1% Net collected
- - -
M.R. Vargas ### ### ### ### ### ###
less Wtax 1,242.02
Total ###
less 10% reserved fund 1,117.81
Net commission ###
AJT Commission Total contract CollectedNet Collected
Margin (CM) TOTAL
.25% Net collected
M.R. Vargas ### ### ### ### 3,105.04 3,105.04
less Wtax 310.50
Total 2,794.54
less 10% reserved fund 279.45
Net commission 2,515.08
WORKERS Total contract CollectedNet Collected
Margin (CM) TOTAL
.25% Net collected
M.R. Vargas ### ### ### ### 3,105.04 3,105.04
less Wtax 310.50
Total 2,794.54
less 10% reserved fund 279.45
Net commission 2,515.08
HOUSE ACCOUNT Total contract CollectedNet Collected
Margin (CM) TOTAL
.25% Net collected
M.R. Vargas ### ### ### ### 3,105.04 3,105.04
less Wtax 310.50
Total 2,794.54
less 10% reserved fund 279.45
Net commission 2,515.08
TOTAL COMMISSION ###

note: PMD Cash Advance ###

Partial Payment ### COMMISION/Incentive ###
12.16.07 ### Less CashPMD
Advance 3,373.07
01.30.07 ### MAA 800.00
02.09.07 ### for check Preparation P ###
07.02.07 ###
07.16.07 ###
Balance ###

MAA Cash Advance

fully paid

Prepared by: Approved by:

M. S. Javier G.S. Correa

Commission/ Incentive

PMD Commission Total contract Collected Net CollectedMargin (CM) Com Received
2% Net collected
Legend Hotels - kalookan ### 221,532.14 197,796.55 63,274.19 3,955.93
Benson Yu ### 135,000.00 120,535.71 19,918.02 2,410.71
Fortune Tobacco Corp 2,200.00 2,200.00 1,964.29 1,064.29 39.29
Clean Living / Armadillo 4,250.00 4,250.00 3,794.64 1,769.64 75.89
Kalinisan/ Armadillo 2,025.00 2,025.00 1,808.04 1,735.76 36.16
1% Net Collected
F.R. Sevilla PU Pipe Fab. 59,745.13 59,745.13 53,343.87 8,343.87 533.44
(Overriding Commission) .25% Net Collected
O.B. Montessorri ### 300,000.00 267,857.14 135,077.99 669.64
Redgold Logistics ### 150,000.00 133,928.57 34,228.57 334.82
PLDT/ IEEI 53,250.00 53,250.00 47,544.64 19,736.29 118.86
P/
Less :w/h tax
Total P/
Less :10% reserved fund
Net Commission TOTAL

MAA Commission Total contract Collected Net CollectedMargin (CM) Com Received
2% net collected
Redgold Logistics ### 150,000.00 133,928.57 34,228.57 2,678.57
PLDT/IEEI 53,250.00 53,250.00 47,544.64 19,736.29 950.89
Implementation .25% Net Collected
Legend Hotels - kalookan ### 221,532.14 197,796.55 63,274.19 494.49
P/
Less :w/h tax
Total P/
Less :10% reserved fund
TOTAL

AJT Commission Total contract Collected Net CollectedMargin (CM) Com Received
Implementation .25% Net Collected
Benson Yu ### 135,000.00 120,535.71 19,918.02 301.34
Redgold Logistics ### 150,000.00 133,928.57 34,228.57 334.82
PLDT/IEEI 53,250.00 53,250.00 47,544.64 19,736.29 118.86
O.B. Montessorri ### 300,000.00 267,857.14 135,077.99 669.64
P/
Less :w/h tax
Total P/
Less :10% reserved fund
TOTAL

HOUSE ACCOUNT Total contract Collected Net CollectedMargin (CM) Com Received
2% Net Collected
Daruma Corp. 39,000.00 39,000.00 34,821.43 13379.83 696.43
Double Share 32,000.00 32,000.00 28,571.43 15795.43 571.43
Dos Palmas Arreceffi ### 326,800.00 291,785.71 154443.71 5,835.71
Arch Vincent Caisip 16,000.00 16,000.00 14,285.71 7897.72 285.71
Southcall Builders 9,000.00 9,000.00 8,035.71 4841.71 160.71
 P/
Less :w/h tax
Total P/
Less :10% reserved fund
TOTAL

TOTAL COMMISSION

Commission/Incentive P/ 17,231.43
Less: PMD Cash Advance (3,500.00)
For Check Preparation 13,731.43

Prepared by: Approved by:

Eugene L. Galanao G.S. Correa

Note: PMD cash Advance

less Payment Mode P/ 45,000.00
partial pay (15,000.00)
com 12/11/06 (6,219.07)
com 01/30/07 (5,550.23)
com 02/09/07 (8,857.63)
com 07/02/07 (3,000.00)
Balance 6,373.07
TOTAL

3,955.93
2,410.71
39.29
75.89
36.16

533.44

669.64
334.82
118.86
8,174.75
(817.47)
7,357.27
(735.73)
6,621.55

TOTAL

2,678.57
950.89

494.49
4,123.96
(412.40)
3,711.56
(371.16)
3,340.40

TOTAL

301.34
334.82
118.86
669.64
1,424.67
(142.47)
1,282.20
(128.22)
1,153.98

TOTAL

696.43
571.43
5,835.71
285.71
160.71
 7,550.00
(755.00)
6,795.00
(679.50)
6,115.50

17,231.43
GLOSCORE PHILIPPINES, INC.
COMMISSION/INCENTIVE as of January 2007

FORTUNE TOBACCO
Contract Amount Subject W.Tax Labor Cost Material Cost
-
-
- -
Net margin afterw/h tax

Less Tax and Vat 2% com

Collected - - -

- - -
ATENEO DE MANILA Rockwell
Contract Amount W.Tax Labor Cost Material cost
785,000.00 Upper deck ### 79,789.60 273,120.41
686,773.02 Plant boxes
49,309.12 Addil Plant box
62,000.00 Gravel bed
798,082.14 ### ### 277,767.00
1,583,082.14 ### ### 550,887.41 -
Net margin afterw/h tax
Less Tax and Vat .5% com 2% com
Collected ### 956,893.56 4,784.47 ###
Uncollected 125,712.45 102,855.64 514.28 2,057.11
### ### 5,298.75 ###

ATENEO DE MANILA Salcedo

Contract Amount W.Tax Labor Cost Material Cost
1,900,000.00 ###
1,900,000.00 ### 253,213.00 274,821.90
Net margin afterw/h tax

LESS TAX AND VAT .5% com 2% com

Collected ### ### 6,995.45 ###
Uncollected 190,000.00 155,454.55 777.27 3,109.09
### ### 7,772.73 ###
FR SEVILLA
Contract Amount W.Tax Labor Cost Material Cost
1,400,000.00 ###
1,400,000.00 ### 72,694.79 439,205.60
Net margin afterw/h tax
 Actual accomplishment Amount
932,789.21 111,934.71 72,694.79 439,205.60
Less Tax and Vat 2% com
Collected 490,160.49 401,040.40 8,020.81
Uncollected 909,839.51 744,414.14 ###
### ### ###
RSTI
Contract Amount W.Tax Labor Cost Material Cost
689,600.00 564,218.18
689,600.00 ### 17,439.10 230,390.00
Net margin afterw/h tax

Less Tax and Vat .5% com 2% com

Collected 150,000.00 122,727.27 613.64 2,454.55
Uncollected 539,600.00 441,490.91 2,207.45 8,829.82
### ### 2,821.09 ###
MOLDEX
Contract Amount W. Tax Labor Cost Material Cost
SI#2624 P/ 54,000.00 44,181.82
SI#2625 P/ 54,000.00 44,181.82
SI#2626 P/108,000.00 88,363.64
216,000.00 ### 39,988.00 74,247.00
Net margin after w/h tax and commission

Less Tax and Vat 2% commission

Collected 216,000.00 176,727.27 3,534.55
### ### - 3,534.55

MOLDEX
Contract Amount W. Tax Labor Cost Material Cost
128,250.00 88,363.64
128,250.00 88,363.64 18,922.50 44,735.00
Net margin after w/h tax and commission

Less Tax and Vat 2% commission

Collected 128,250.00 104,931.82 2,098.64
### ### - 2,098.64

PMD Commission Total contract Collected Uncollected

 2% contract
FR. Sevilla ### 401,040.40 8,020.81
Moldex 216,000.00 176,727.27 3,534.55
128,250.00 104,931.82 2,098.64
Monolith
Metrostone
.5% contract
Ateneo SDC-AVR/Irwin theater - - -
Ateneo Rockwell ### ### 125,712.45 4,784.47
Ateneo Salcedo ### ### 190,000.00 6,995.45

Less :w/h tax on commission

Total
Less :10% reserved fund
Net Commission

Essel Commission Collected 2% contract

Ateneo SDC-AVR/Irwin theater - - -
Ateneo Rockwell ### ### 125,712.45 ###
Ateneo Salcedo ### ### 190,000.00 ###

Total
Less :w/h tax on commission
Total
Less :10% reserved fund
Net Commission

MARK Commission Collected 2% contract

Total
Less :w/h tax
Total
Less :10% reserved fund
Net Commission
TOTAL COMMISSION

Prepared by: Approved by:

_________ _______________
MSJ / DCC G.S. Correa

Commission / Incentive
P/ (25,271.95)
 Less: Pmd CA (5,550.23)

TOTAL for check preparation (30,822.18)

Note: Balance from the Cash Advance

PMD (P/45thou-15thou-6,219.17) 18,230.60

Mark (P/10thou-3,700.00) 6,300.00

(Salary deduction P/500.00every
pay day effective February 2007)
 Misc. CM %

- #DIV/0!
Net margin afterw/h tax - #DIV/0!
Distribution of Commission
.5% com 2.0% Essel
- 0.5% PMD

- 3.5%

Misc CM %
### ### 39%

### ### 28%

### ### 34%
Net margin afterw/h tax 245,875.06 19%
Distribution of Commission
2.0% Essel
0.5% PMD

Misc, CM %

### ### 65%

Net margin afterw/h tax 886,321.35 57%

Distribution of Commission
2.0% Essel
0.5% PMD

Misc CM %

2,602.83 885,496.78 63%

Net margin afterw/h tax 630,951.33 55%
 2,602.83 418,285.99 45%
Distribution of Commission

2.0% PMD

Misc CM %

9,972.13 431,798.77 63%

Net margin afterw/h tax 306,416.95 54%

Distribution of Commission
0.5% PMD
2.0% Essel

Misc CM %

15,053.72 86,711.28 40%

h tax and commission 43,904.01 20%

2% commission Distribution of Commission

2.0% PMD

Misc CM %

64,592.50 50%
h tax and commission 22,607.50 18%

2% commission Distribution of Commission

2.0% PMD

COM received TOTAL

% contract
8,020.81
883.64 2,650.91
2,098.64
-
-
% contract
8,794.06 (8,794.06)
4,784.47 (0.00)
6,995.45 0.00
-
TOTAL 3,976.29
(397.63)
P/ 3,578.66
(357.87)
P/ 3,220.80

COM received TOTAL

35,176.23 ###
19,137.87 0.00
27,981.82 (0.00)
-
P/ ###
3,517.62
P/ ###
3,165.86
P/ ###

% contract TOTAL
-
-
P/ -
-
P/ -
-
P/ -

Approved by:
_______________
G.S. Correa
COMMISSION/INCENTIVE

ATENEO DE MANILA
CONTRACT AMOUNT SUBJECT W/H TAX LABOR COST MATERIALS COST MISC CM
95,000.00 SDC-AVR 77,727.27
2,282,953.60 Irwin Theater 1,867,871.13 excess espenses irwin
2,377,953.60 1,945,598.40 360,301.88 582,067.02 61,814.41 282,457.50 1,091,312.79
Net margin afterw/h tax 658,957.59
Distribution of Commission
LESS TAX AND VAT 2% com .5% com 2.0%
COLLECTED 2,377,953.60 1,945,598.40 38,911.97 9,727.99 0.5%

2,377,953.60 1,945,598.40 38,911.97 9,727.99 3.5%

ATENEO DE MANILA Rockwell
CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
785,000.00 Upper deck 642,272.73 79,789.60 273,120.41 122,492.67 309,597.32
686,773.02 Plant boxes
49,309.12 Addil Plant box
62,000.00 Gravel bed
798,082.14 652,976.30 216,711.25 277,767.00 79,493.03 224,110.86
1,583,082.14 1,295,249.02 296,500.85 550,887.41 - 201,985.70 533,708.18
Net margin afterw/h tax 245,875.06
LESS TAX AND VAT .5% com 2% com Distribution of Commission
COLLECTED 1,169,536.57 956,893.56 4,784.47 19,137.87 2.0%
UNCOLLECTED 125,712.45 102,855.64 514.28 2,057.11 0.5%
1,295,249.02 1,059,749.20 5,298.75 21,194.98

ATENEO DE MANILA Salcedo

CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
1,900,000.00 1,554,545.45
1,900,000.00 1,554,545.45 253,213.00 274,821.90 140,189.20 1,231,775.90
Net margin afterw/h tax 886,321.35

LESS TAX AND VAT .5% com 2% com Distribution of Commission

COLLECTED 1,710,000.00 1,399,090.91 6,995.45 27,981.82 2.0%
UNCOLLECTED 190,000.00 155,454.55 777.27 3,109.09 0.5%
1,900,000.00 1,554,545.45 7,772.73 31,090.91
FR SEVILLA
CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
1,400,000.00 1,145,454.55
1,400,000.00 1,145,454.55 1,400,000.00
Net margin afterw/h tax 1,145,454.55

LESS TAX AND VAT 2% com Distribution of Commission

COLLECTED 490,160.49 401,040.40 8,020.81
UNCOLLECTED 909,839.51 744,414.14 14,888.28 2.0%
1,400,000.00 1,145,454.55 22,909.09
RSTI
CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
689,600.00 564,218.18
689,600.00 564,218.18 17,666.00 230,390.00 9,972.13 431,571.87
Net margin afterw/h tax 306,190.05

LESS TAX AND VAT .5% com 2% com Distribution of Commission

COLLECTED 150,000.00 122,727.27 613.64 2,454.55 0.5%
UNCOLLECTED 539,600.00 441,490.91 2,207.45 8,829.82 2.0%
 689,600.00 564,218.18 2,821.09 11,284.36
MOLDEX
CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
SI#2624 P/ 54,000.00 44,181.82
SI#2625 P/ 54,000.00 44,181.82
SI#2626 P/108,000.00 88,363.64
216,000.00 176,727.27 39,988.00 74,247.00 15,053.72 86,711.28
Net margin after w/h tax and commission 43,904.01

LESS TAX AND VAT 2% commission Distribution of Commission

COLLECTED 216,000.00 176,727.27 3,534.55 2.0%
216,000.00 176,727.27 - 3,534.55

MOLDEX
CONTRACT AMOUNT W/H TAX LABOR COST MATERIALS COST MISC CM
128,250.00 88,363.64
128,250.00 88,363.64 18,922.50 44,735.00 64,592.50
Net margin after w/h tax and commission 22,607.50

LESS TAX AND VAT 2% commission Distribution of Commission

COLLECTED 128,250.00 104,931.82 2,098.64 2.0%
128,250.00 104,931.82 - 2,098.64

PMD Commission Total contract Collected Uncollected COM received

2% contract
FR. Sevilla 1,400,000.00 401,040.40 8,020.81
Moldex 216,000.00 176,727.27 3,534.55 883.64
128,250.00 104,931.82 2,098.64
Monolith
Metrostone
.5% contract
Ateneo SDC-AVR/Irwin theater 2,377,953.60 2,377,953.60 9,727.99 8,794.06
Ateneo Rockwell 1,583,082.14 1,169,536.57 125,712.45 4,784.47 4,784.47
Ateneo Salcedo 1,900,000.00 1,710,000.00 190,000.00 6,995.45 6,995.45
RSTI 689,600.00 122,727.27 441,490.91 777.27
TOTAL
Less :w/h tax on commission
Total P/
Less :10% reserved fund
Net Commission P/

Essel Commission Collected 2% contract COM received

Ateneo SDC-AVR/Irwin theater 2,377,953.60 2,377,953.60 38,911.97 35,176.23
Ateneo Rockwell 1,583,082.14 1,169,536.57 125,712.45 19,137.87 19,137.87
Ateneo Salcedo 1,900,000.00 1,710,000.00 190,000.00 27,981.82 27,981.82
RSTI 689,600.00 122,727.27 441,490.91 2,454.55
Total P/
Less :w/h tax on commission
Total P/
Less :10% reserved fund
Net Commission P/

MARK Commission Collected 2% contract

Total P/
Less :w/h tax
Total P/
Less :10% reserved fund
Net Commission P/
TOTAL COMMISSION

Prepared by: Approved by:

Marilou Sanchez G.S. Correa

Commission / Incentive P/ 16,744.19

Less: Mark CA (3,700.00)
Pmd CA (6,219.07)
TOTAL for check preparation 6,825.12

Note : PMD Cash Advance Balance

(P/45thou-15thou-6,219.17) 23,780.83
Mark Cash Advance Balance
(P/10thou-3,700.00) 6,300.00
 %

46%
34%
n of Commission
Essel
PMD

%
39%

28%
34%
19%
n of Commission
Essel
PMD

65%
57%

n of Commission
Essel
PMD

100%
100%

n of Commission

PMD

63%
54%

n of Commission
PMD
Essel
 %

40%
20%

n of Commission
PMD

50%
18%

n of Commission
PMD

TOTAL

8,020.81
2,650.91
2,098.64
-
-

933.93
(0.00)
0.00
777.27
14,481.56
(1,448.16)
13,033.40
(1,303.34)
11,730.06

TOTAL
3,735.74
0.00
(0.00)
2,454.55
6,190.28
(619.03)
5,571.25
(557.13)
5,014.13

TOTAL
-
-
-
-
-
-
-