TABLE-0: Executive Summary of Geotech Financial Status

INVOICE AMOUNT
CLIENT
DATE (SAR)

(1) TABLE-1: Receivables Prior to Transaction - NOT PART OF ACQUISITION

Najran Cors x10 30-Apr-16 183,249
P153- Ground Control Points for Qaseem Area 21-Mar-18 1,400,000
P150-1 Makkah Mapping 30-Dec-18 2,800,000
KLM- Al Ahsa Mobile Mapping 30-Aug-19 555,000
Gizan Pilot 5-Dec-19 584,000
TOTAL = 5,522,249

INVOICE AMOUNT
CLIENT
DATE (SAR)

(2) TABLE-2: Receivables at the Time of Transaction - PART OF ACQUISITION

NPP - KACARE 6-May-19 0
NIC - MOI 2-Apr-20 94,500
PIF - RMO 6-Oct-19 95,025
PIF - RMO - Extension 5-Jan-20 363,563
Work completed
PIF Palaces 194,000
(to be invoiced)
Royal Commission Al Ula Khaybar Contract (Already signed) 19-Feb-20 1,057,350
Royal Commission Al Ula Framework Contract (will be signed soon) 11-Feb-20 212,044
Royal Commission Al Ula Change Detection Contract (will be signed soon) 5-Mar-20 798,000
ASSYSTEMS NEOM 12-Jan-20 57,750
ASSYSTEMS NEOM 2 15-Mar-20 89,250
Work completed
Gizan SEC Project 1,520,000
(to be invoiced)
TOTAL = 4,481,482

(3) TABLE-3: LG Cash Margin at the Time of Transaction - PART OF ACQUISITION

Jeddah Survey - Cash Margin 02.04.19 18,000
SEC-Gizan Performance Bond 19.09.19 83,527
Uraira Bid Bond 26.03.20 22,500
CORS Maintenance 07.04.20 24,000
Mulaysah Performance Bond 07.04.20 463,666
Riyadh Municipality Cors (Will Expire on 10-Jun-2020) 10.03.20 10,500
Al Madinah Performance Bond (Will Expire on 05-Jun-2021) 26-06-18 114,488
TOTAL = 736,681

(4) TABLE-4: End of Service Benefits at the Time of Transaction - PART OF ACQUISITION TOTAL = 3,194,183

(5) Cash Money in the Bank at the Time of Transaction - PART OF ACQUISITION TOTAL = 1,000,000

BALANCE at the Time of Transaction - PART OF ACQUISITION → (2)+(3)+(5) - (4) = SAR 3,023,980

MADINAH PROJECT at the Time of Transaction (to be invoiced in April 20) - PART OF ACQUISITION = SAR 3,916,500