Client: Unique Venture Capital

Subject: Cost Estimation for monitoring of UBN projects.

Date: 11th of October, 2010.

S/NO COMPANY LOCATION Airfare Out of Local Airport 3 days Accmd Period of Cost of Visit Mgt Fees Profit /
(Return) Station Runs Shuttle & Feeding TOTAL Visit per Anum from UBN (Loss)
A South-South (=N=) (=N=) (=N=) (=N=) (=N=) (=N=) (=N=) (=N=)
1 Ekpoma 30,000 9,000 10,000 5,000 45,000 99,000 Monthly 1,188,000 900,000 (288,000)
2 Benin 30,000 9,000 5,000 5,000 60,000 109,000 Monthly 1,308,000 600,000 (708,000)
3 Benin 30,000 9,000 5,000 5,000 60,000 109,000 Monthly 1,308,000 1,200,000 (108,000)
4 Calabar 40,000 9,000 5,000 10,000 90,000 154,000 Quarterly 616,000 800,000 184,000
5 Portharcourt 40,000 9,000 5,000 10,000 90,000 154,000 Quarterly 616,000 1,200,000 584,000
Sub Total 5,036,000 4,700,000 (336,000)
B South-East
1 Aba 40,000 9,000 7,000 15,000 60,000 131,000 Monthly 1,572,000 900,000 (672,000)
2 Aba 40,000 9,000 7,000 15,000 60,000 131,000 Monthly 1,572,000 900,000 (672,000)
3 Umuahia 40,000 9,000 7,000 15,000 60,000 131,000 Monthly 1,572,000 900,000 (672,000)
4 Aba 40,000 9,000 7,000 15,000 60,000 131,000 Monthly 1,572,000 1,200,000 (372,000)
5 Aba 40,000 9,000 7,000 15,000 60,000 131,000 Monthly 1,572,000 600,000 (972,000)
6 Onitsha 30,000 9,000 7,000 15,000 60,000 121,000 Quarterly 484,000 1,000,000 516,000
Sub Total 8,344,000 5,500,000 (2,844,000)
C (One day)
1 Otta - 9,000 10,000 - 20,000 39,000 Monthly 468,000 900,000 432,000
2 Lagos - - 5,000 - - 5,000 Monthly 60,000 600,000 540,000
3 Lagos - - 5,000 - - 5,000 Quarterly 20,000 1,200,000 1,180,000
4 Lagos - - 5,000 - - 5,000 Quarterly 20,000 1,000,000 980,000
5 Lagos - - 5,000 - - 5,000 Monthly 60,000 1,200,000 1,140,000
6 Lagos - - 5,000 - - 5,000 Monthly 60,000 1,200,000 1,140,000
Sub Total 688,000 6,100,000 5,412,000

COST PER ANNUM Grand Total 14,068,000 16,300,000 2,232,000