Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 108

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 108
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 Ventilation Works |     | L1    |     | 02/01/2027 |
| ME04        |     | Communication                     
 & Security Systems                |     | L1    |     | 02/01/2027 |
| ME05        |     | Electrical                        
 Engineering                       |     | L5    |     | 02/01/2027 |
| ME06        |     | Fire                              
 Prevention & Protection Systems   |     | L1    |     | 02/01/2027 |

| 88 |

The registration for Herlin is set out as follows:

| Workhead(s) |     | Description |     | Grade |     | Expiry     
 Date       |
| ME05        |     | Electrical  
 Engineering |     | L3    |     | 01/01/2026 |

Building and Construction Industry Security of Payments

Under the Building and Construction Industry Security of Payment Act 2004 of Singapore, or BCISPA, any person who has carried out construction work or supplied any goods or services under a contract relating to, amongst others, (i) the construction, alteration, repair, restoration, maintenance, extension, demolition or dismantling of buildings or structures (whether permanent or not) that form, or are to form part of the land, (ii) the installation in any building, structure or works of fittings that form or are to form part of the land, including systems of heating, lighting, air-conditioning, ventilation, power supply, drainage, sanitation, water supply or fire protection and security or communications systems, is entitled to progress payment. Such definition of “construction works” under the BCISPA applies to the works provided by our Company in relation to electrical and mechanical installations.

The BCISPA contains provisions relating to, amongst others, the amount of the progress payment to which a person is entitled under a contract, the valuation of the construction work carried out under a contract and the date on which a progress payment becomes due and payable. In addition, the BCISPA, amongst others, endorses the following rights:

| (a) | the                                                                                              
 right of a claimant (being the person who is or claims to be entitled to a progress payment)     
 who, in relation to a construction contract, fails to receive payment by the due date of         
 an amount that is proposed to be paid by the respondent (being the person who is or may be       
 liable to make a progress payment under a contract to a claimant) and accepted