Guo Wengui / Miles Guo — bankruptcy case · DECLARATION · ECF #203-3

UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

Debtor.

v.

Respondent.

I, Russell Stockil, hereby declare as follows:

1. I am the Yacht Management Director for Yachtzoo SARL ("Yachtzoo"), the yacht management company for the vessel, the "Lady May," and I am personally involved in the daily management of the Lady May. As such, I have personal knowledge of the facts set forth in this declaration.

2. HK International Funds Investments (USA) Limited, LLC and Yachtzoo signed a management contract with respect to the Lady May on May 1, 2021. That contract requires Yachtzoo to provide financial administration, technical support and management, safety management, and human resources services for the Lady May's crew members. Yachtzoo continues to perform under that contract.

3. The Lady May is currently alongside the shipyard MB92 La Ciotat SAS ("MB92"), 46 Quai François Mitterrand, 13600 La Ciotat, France, and completing service and maintenance tasks that can be completed in water – such as HVAC servicing, duct cleaning, servicing of lifesaving appliances and firefighting equipment. A true and genuine copy of the original Quotation dated March 16, 2022, provided by MB92 is appended hereto as Exhibit 1. The time frame set forth in the Quotation was estimated before the discovery of the sea inlet valve issue described below.

4. The timing of such service had originally been dictated by a necessary stabilizer service. Stabilizers are an integral part of the vessel's operation. In this instance, stabilizer service became necessary because an unusual noise was observed emitting from the stabilizers. The stabilizer service is also considered mandatory at this time because there was no record of a prior service and oil change.

5. The stabilizer service must be carried out by the stabilizer's manufacturer, Quantum Marine Stabilizer ("Quantum"). Quantum dictated the schedule based on its availability. We requested stabilizer service from Quantum in December 2021 and paid a deposit on 22nd December 2021 to secure the stabilizer service as soon as possible. Their earliest availability dictated by Quantum was 21st April 2022. A true and genuine copy of the Estimate dated December 9, 2021, provided by Quantum is appended hereto as Exhibit 2.

6. As soon as this stabilizer service is completed, there will be a sea trial to confirm correct function and then the Lady May will be hauled out of the water to complete other engineering work, including (but not limited to) as follows:

- a. Overboard valves (the scope of this service is still under discussion and this matter could potentially increase the time required in the drydock); - b. Antifouling; - c. Clearance measurements for rudder and propeller shafts (need to confirm that they are within the stipulated ranges); - d. Tank cleaning, inspections and repair (grey/black/water); - e. Anode replacements; - f. Windlass service and anchor chain inspection; and - g. Sea inlet valves replacement.

7. With respect to the replacement of the sea inlet valve (item g above), the bolts on the valves are rusted. Unbolting them will be very difficult and some bolts may need to be cut, causing damage to the surrounding elements. There is also a possibility that the hull flanges and filter may be corroded which would then necessitate their replacement. Considering the bolts' and valves' conditions, it will take a minimum of 3 weeks to complete this work assuming the best case scenario and that no cutting and no welding will be necessary. Worst case scenario, this work may require at least 6 weeks in drydock. During this sea inlet valve replacement work, no other work can be done in the engine room. A true and genuine copy of the See Inlet Valves Replacement report is appended hereto as Exhibit 3. As a consequence, the originally contemplated schedule for service and maintenance may be delayed.

8. These services and maintenance are essential to the proper functioning of the vessel and necessary to avoid more complicated and costly issues in future operation as well as to ensure the safety of the passengers and crew.

9. Once the services, maintenance and repairs described above are complete, annual surveys by the vessel Class Society (Lloyds Register) and Flag State (Cayman Islands) are due to be carried out. These will be scheduled based on the progress of the shipyard period and conducted during the final period of the stay at La Ciotat shipyard. These surveys consist of an annual Hull and Machinery survey, Annual Large Yacht Code Compliance (safety) survey, annual safety radio survey, and annual Marine Pollution (air and oil) surveys.

10. In the absence of any unanticipated delays, it is presently expected that the Lady May will be available for travel from France in June, 2022. 11. However, given the design characteristics of the vessel, the Lady May is not capable of safely voyaging across the Atlantic Ocean to the United States of America. Accordingly, it must be transported in a freighter. Arrangements are currently being made for such freighter transportation to take place as soon as the service and maintenance is complete.

12. Ordinarily, it takes approximately 12 to 15 days to load a yacht onto a freighter and transport the yacht by freighter from the South of France, across the Atlantic Ocean to New York or Baltimore. Baltimore is presently the discharge port for the transport freighter. From there, the Lady May can proceed directly to Connecticut.

13. Assuming everything proceeds without any extenuating circumstances causing a delay, including the timely loading of the Lady May onto a freighter, I reasonably anticipate that the Lady May should arrive in the navigable waters of Connecticut by 1st July, 2022.

Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury under the laws of the United States of America that the forgoing is true and correct.

Case 22-50073 Doc 203-3 Filed 04/11/22 Entered 04/11/22 12:34:01 Page 7 of 50

Ref: MYY-005220316-V3 Date: 16 March 2022

Estimated Date of Departure Wed 18 May 22

Ref: MYY-006220316-V3 Date: 16 March 2022

- Temporary shipyard importation formalities will allow the vessel to be invoiced HT (without tax), this is only applicable to vessels registered outside of the EU. - Temporary shipyard importation formalities will not exempt the vessel from payment of tax on the following items; State supplied services (electricity, water and rubbish), items purchased directly by the vessel, services conducted outside of the shipyard and/or any travel expenses. - Valuable objects such as artworks or potentially restricted items such as morphine, shells or exotic animal products should only be brought into France with their accompanying documentation (invoice, certificate of authenticity, etc.) Quote: 006 - Customs Type: Pro Rata Period: Initial Offer

Vessel Customs Arrival Formalities 1 un €400 €400

Shipyard "PA" VAT Exemption Fee 0.2 % €0.00

VAT exemption to be calculated as 0.2% on final invoice value if required

Ref: MYY-009220316-V3 Date: 16 March 2022

The payment of the Insurance contribution depends on the level of the Insurance coverage you subscribe.

You can choose between 3 Waivers of Insurance: 3M €, 5M € or 10M €\*.

Please liaise with your insurers to ensure the Waiver of Insurance is countersigned before your arrival.

\* 10M € Waiver - upon request and subject to MB92 approval

Quote: 009 - Insurance Contribution Title: % To Be Billed on Final Invoice Type: Pro Rata Period: Initial Offer

3M € Waiver - To be levied on final invoice amount 1.25 % 5M € Waiver - To be levied on final invoice amount 1.5 % *10M € Waiver - To be levied on final invoice amount 1.75 %

Ref: MYY-011220316-V3 Date: 16 March 2022

Dock place allocation will be made on acceptance of the vessel in an alongside berth.

7 days alongside are offered to finish the quotation process.

Quote: 011 - Alongside Dockage Title: Dockage & Line Handling Type: Pro Rata Period: Initial Offer

7 days alongside offered to finish quotation process -7 dy €280 €-1,960 Line Handling - Arrival 1 un €150 €150 Line Handling - Departure 1 un €150 €150

Section 013 - Electricity Connect & Supply

Ref: MYY-013220316-V3 Date: 16 March 2022 Type: Pro Rata

All shore power requirements will be provided by the client prior to arrival.

Quote: 013 - Electricity Connect & Supply

Electricity Connect - Arrival 1 un €277 €277 Electricity Disconnect - Departure 1 un €185 €185

Section 014 - Fresh Water Connect & Supply

Ref: MYY-014220316-V3 Date: 16 March 2022

Number of hose connections required to be specified by client prior to arrival.

Quote: 014 - Fresh Water Connect & Supply

Water Connect - Arrival 1 un €100.00 €100.00 Water Disconnect - Departure 1 un €50.00 €50.00

Ref: MYY-015220316-V3 Date: 16 March 2022

This quote assumes a waste disposal system which includes recycling facilities within the yard. For a dedicated bin recycling system, please inquire prior to arrival.

Quote: 015 - Rubbish & Waste Disposal Type: Pro Rata Period: Initial Offer

Waste Management and Recycling 57 dy €11.00 €627

Chemical Waste Disposal (paint etc.) 0 litres €1.41

Ref: MYY-016220316-V3 Date: 16 March 2022

All vessels are required to conduct a safety awareness briefing on arrival and to sign off the security plan.

Fire and Security Plan (incl. Briefing) on Arrival 1 un €290 €290 Health, Safety and Environmental Compliance & Monitoring 57 dy €35.00 €1,995

Ref: MYY-031220316-V3 Date: 16 March 2022 Type: Pro Rata

All office and storage fees will be billed on a pro rata basis.

Prices shown are for the supply of containers to a single location in the shipyard. Subsequent movements requested around the shipyard will be invoiced additionally.

Container shelving will be quoted on a case by case basis.

x 40' Container(s) Rental 57 dy €22.00 x 40' Owner Supply Container(s) Ground Rental 57 dy €15.00 40' Container(s) Return Delivery un €540 x 20' Container(s) Rental 57 dy €11.00 x 20' Owner Supply Container(s) Ground Rental 57 dy €7.00

x 20' Portacabin Office(s) Rental 57 dy €13.00 x 20' Canteen(s) for 15 People 57 dy €11.00 x 20' Changing Room(s) for 15 People 57 dy €12.00

20' Block Installation & Dismantling 0 un €788

x 10' Refrigerator/Freezer Container(s) Rental 57 dy €30.00 10' Refrigerator/Freezer Return Delivery un €1,050

Ref: MYY-033220316-V3 Date: 16 March 2022 Type: Pro Rata

In addition to the guest shipyard wifi, hi-speed internet can be provided at all locations around the shipyard. Fibre optic access is available in certain berths, please inquire for further details.

Daily internet Access Fee 57 dy €5.20 €296

Ref: MYY-048220316-V3 Date: 16 March 2022

A Project Management and Technical Team will be dedicated to Lady May and would be composed of a lead PM, additional PMs and foremen – all of whom will be assisted by our internal Paint Surveyor

and our technical office.

This can be fine-tuned according to the final approved scope of works.

Lead PM will be dedicated to the project from start to finish except in case of Force Majeure or Health/Family Reasons.

Rates listed are for MB92 La Ciotat staff only and do not apply to any sub-contracted labour rates.

- Internal labour may be supplied only at the discretion of MB92 La Ciotat . - Except where specifically included in quotes, all labour hours including (but not limited to) concierge, designers, engineering and technical supervision will be billed on a pro rata basis. - All works listed in this quote are based on Normal Hours. Unless mentioned otherwise, works outside of these hours will be invoiced as per the following timetable:

Quote: 048 - Standard Labour Title: MB92 La Ciotat Internal Labour Rates Type: Pro Rata Period: Initial Offer

MB92 Internal Labour - Carpenter hr €65.00 MB92 Internal Labour - Composite hr €65.00 MB92 Internal Labour - Designer hr €90.00

MB92 Internal Labour - Electricity hr €65.00 MB92 Internal Labour - Engineering hr €85.00 MB92 Internal Labour - General hr €50.00 MB92 Internal Labour - Hardware hr €58.00

MB92 Internal Labour - Machining hr €85.00 MB92 Internal Labour - Mechanic hr €80.00 MB92 Internal Labour - Metal Work hr €80.00 MB92 Internal Labour - Plumbing hr €65.00 MB92 Internal Labour - Stores hr €45.00 Quote: 048 - Standard Labour Title: % of Project Management to be Billed on Final Invoice Type: Pro Rata Period: Initial Offer Description Qty Un Unit

To be levied on final invoice amount 3 % €0.00

Section 049 - Forklift & Crane Crew Items

Ref: MYY-049220316-V3 Date: 16 March 2022 Type: Pro Rata

- These items will be invoiced on a time and materials basis. - All equipment rates include a driver, except scissor lifts. - Equipment listed below may not be driven by non-MB92 employees unless they have the required permits. - Crane rates may be negotiable if rented on a long term bases. - Cranes operated after 21:00 on Weekdays, Saturday, and Sunday are subject to an additional charge. Quote: 049 - Forklift & Crane Crew Items Title: MB92 La Ciotat Equipment Rates Type: Pro Rata Period: Initial Offer

Return Delivery 16m Cherry Picker un €350

Section 052 - Shipyard Access - Owner's Contractors

Ref: MYY-052220316-V3 Date: 16 March 2022

- The vessel may request entry into the shipyard for directly engaged sub-contractors (i.e. MB92 La Ciotat does not pay them) up to a maximum value of 10% of the total amount invoiced by MB92 La Ciotat. - For each vessel direct contractor there will be a one-off administrative charge per person to cover the process of checking their fiscal and insurance status. This is to ensure that any future exposure is minimised, as well as for providing the shipyard access badge. - An additional daily rate per person will be levied as contribution to the site development and investment made by the companies based in the shipyard.

- Daily fees are based on Monday to Friday only (5 day working week) - Any directly engaged contractors must conform to the requirements laid out in the document "Owner's Contractor Requirements" which will be provided upon arrival by default or if requested. - Due to the varying implications concerning warranty, social security payment liabilities, on site health and safety, and payment conditions, MB92 La Ciotat is obliged to discuss any handling of the Owner's Contractors on a case by case basis.

- Any handling of materials tools or other equipment supplied or received from any Owner's Contractor - Fees do not include any management or support to any Owner's Contractor.

Ref: MYY-061220316-V3 Date: 16 March 2022

- All docking and associated fees will be billed on a pro rata basis. - All dry docking operations are weather dependent. - All dry docking operations are subject to signature of docking plan before commencement of operation. - Price for chocking is with a maximum keel chock height of 500mm. If an increased chocking height is required for rudder, stabilizer, shaft or other works this will be invoiced additionally. Quote: 061 - Haul Out & Launch Type: Fixed Price Period: Initial Offer

2000t Synchro Lift 1 un €12,000 €12,000 Block Preparation & Line Handling 1 un €2,670 €2,670 Design Hours for Docking Plan 1 un €320 €320 Divers for Verifications 1 un €1,470 €1,470 Cleaning Area after Launch 5 hr €50.00 €250

Ref: MYY-062220316-V3 Date: 16 March 2022 Type: Pro Rata

Hardstanding rates will be invoiced on a pro rata basis.

Ground Rental on Hard 17 dy €455 €7,735

According to health and safety regulations a scaffolding boarding access will be provided with steps.

Could be revised if additional access tower is required for safety reason.

To billed on a pro rata basis.

Access Tower Installation 1 un €529 €529 Access Tower Rental - Based on 1 off 17 dy €20.00 €340

Ref: MYY-064220316-V3 Date: 16 March 2022 Type: Pro Rata

A single standard ISC fresh water fire connection is obligatory for all vessels.

To billed on a pro rata basis.

Fire Main Installation 1 un €48.00 €48.00 Fire Main Maintenance 17 dy €25.00 €425

Section 065 - Grey & Black Water Disposal

Ref: MYY-065220316-V3 Date: 16 March 2022

Grey and black water solutions are dependent on the vessels location in the shipyard, this quote is linked only to the vessel's position on the hardstanding and does not apply to vessels in the water.

To billed on a pro rata basis.

Grey & Black Water System Connection 1 un €265 €265 Grey Water System Maintenance Fee 17 dy €25.00 €425 Grey Water Disposal - Incl. in Maintenance Fee (Direct to Filtration System) un €0.00

Type: Pro Rata Ref: MYY-066220316-V3 Date: 16 March 2022

- Cooling water will be supplied at approximately 1.5 bar. - To billed on a pro rata basis.

- Seawater Cooling connection & disconnection will be carried out in Time & Material - Cooling Tower size will be determined according to the vessel requirements - Cooling Tower size could be reassessed upon final inspection on board - Fresh Water consumption will be charged according to section 014

Supply of chemical product for cleaning - recycling Quote: 066 - Seawater Cooling Type: Pro Rata

Seawater Cooling Connection & Disconnection 1 un T&M Cooling tower type 1 - Small Tower : 10m3/hour 17 dy €65.00 €1,105 Cooling tower type 2 - Large Tower : 25m3/hour 0 dy €75.00

Date: 16 March 2022 Type: Budgetary Estimate

Deck protection once yacht is out of the water- Swimming platform , Main deck sides and MD aft

External protection of the vessel as per client specification

- Teak protection with outside carpet 120 m²

- Quote to be issued following confirmation/ agreement of exact scope of works and subsequent inspection, at which time various options will be presented. - Level of maintenance requirement to be determined and agreed at time of works. Quote: 071 - Protection Type: Budgetary Estimate Period: Initial Offer

Teak protection with outside carpet 120 m² - Labour 1 un €1,248 €1,248 Teak protection with outside carpet 120 m² - Material 1 un €1,846 €1,846 Bulkheads and windows on 1.2m 1 un €2,782 €2,782

Section 106 - E0113 - Valve Pressure Testing

Ref: MYY-106220316-V3 Date: 16 March 2022

- Take off , clean and replace if necessary - Following is to be looked at : - V4020 - Overboard Cooling Water - Globe DN65 - V4036 - Exhaust Overboard - Globe DN150

- V4004 - Sea Inlet - Butterfly DN250 V4052 - Sea Inlet - Gate DN50

- V4035 - Exhaust Overboard - Globe DN150 - V4025 - Overboard Cooling Water - Globe DN65

- Cleaning of the valve at the workshop an reassembling - Hydraulic test on bench at 6 bars with report - Re-installation on board of existing valve if test is acceptable, or with new valve supplied by shipyard

- Reconditioning of nuts, bolts and studs - Re-assembling and re-installation on board - Hydraulic test on bench at 6 bars with report

- Assumes all parts are in good working order and does not include work on damaged or worn parts or threads - Assumes free access to all valves for removal and does not include the removal of any peripheral equipment or piping

- Purchase or replacement of valves, gaskets, or any other parts not mentioned above

- Removal of pipes, flooring, or wall covers

- Replacement of bolting with A4 stainless steel - Painting, repairs, replacement of any damaged mounting hardware such as threaded rod, nuts and bolts - Painting of valves: - Full system with offshore paint - protection, blasting, 1 layer of zinc, 1 layer of primer, 2 layers of finish - Single layer of white paint - Sanding, protection, and 1 layer of white paint

V4020 - Overboard Cooling Water - Globe DN65 DN65_Globe 1 un €546 €546 V4036 - Exhaust Overboard - Globe DN150 DN150_Globe 1 un €924 €924 V4021 - Overboard - Globe DN80 DN80_Globe 1 un €626 €626 V4051 - Sea inlet - Gate DN50 DN50_Gate 1 un €517 €517 V4001 - Sea inlet - Butterfly DN300 DN300_Butterfly 1 un €1,212 €1,212 V4003 - Sea Inlet - Butterfly DN250 DN250_Butterfly 1 un €868 €868 V4023 - Overboard - Globe DN32 DN32_Globe 1 un €440 €440 V4024 - Overboard - Globe DN32 DN32_Globe 1 un €440 €440 V4002 - Sea Inlet - Butterfly DN300 DN300_Butterfly 1 un €1,212 €1,212 V4004 - Sea Inlet - Butterfly DN250 DN250_Butterfly 1 un €868 €868 V4052 - Sea Inlet - Gate DN50 DN50_Gate 1 un €517 €517 V4026 - Overboard - Globe DN32 DN32_Globe 1 un €440 €440 V4035 - Exhaust Overboard - Globe DN150 DN150_Globe 1 un €924 €924 V4025 - Overboard Cooling Water - Globe DN65 DN65_Globe 1 un €546 €546 Access - estimated, to be confirmed upon inspection 1 un €2,175 €2,175

Quote: 106 - Valve Pressure Testing Title: T&M Rates for Painting Valves Period: Initial Offer

Single Layer of White Paint (DN15 to DN150) un €126 Single Layer of White Paint (DN200 to DN350) un €168 Single Layer of White Paint (DN400 to DN600) un €224 Full Paint System (DN15 to DN150) un €168 Full Paint System (DN200 to DN350) un €224 Full Paint System (DN400 to DN600) un €280

Section 116 - E0109 - E0110 - E0112 - Shaft Survey Ref: MYY-116220316-V3 Date: 16 March 2022

- Inspection , check clearance on cutlass bearings - Inspection of seals and Water pump rebuild - Propellers Inspection , Straightened and rebalance if needed

- Removal of the rope guards (if existing) - Take measurement of bearing tolerances where access is possible

Assumes all parts are in good working order and does not include work on damaged or worn parts or threads - Scope based on supply of correct technical information / drawings from vessel - Scope to be clarified once Vessel is alongside

- Measurement of inboard shaft tube bearing

- Access Removal other than rope guards covers if any

- OEM service engineer if requested by vessel.

Quote: 116 - E0109 - E0110 - Shaft Survey Type: Budgetary Estimate Period: Initial Offer

Bearing Clearance measurement 16 hr €80.00 €1,280

Ref: MYY-126220316-V3 Date: 16 March 2022

- Install scaffolding; - Measure neck bearing clearances;

- Remoaval of access plate if any to be carried our in T&M

Quote: 126 - E0111 - Rudder Survey Type: Budgetary Estimate Period: Initial Offer

Take Rudder Clearances 8 hr €80.00 €640

Section 150 - Grey & Black Water Tank Cleaning

Ref: MYY-150220316-V3 Date: 16 March 2022

- B&G Water tanks as per "E0110-Tanks and shaftline.pdf"

- Cleaning of tank using high pressure washing - Removal and destruction of cleaning residue

- Assumes tanks are in condition appropriate for age of vessel. - Assumes free access to tank tops and does not include removal of any peripheral items or furniture. - Local protection of runs for pipe work will be charged on a T&M basis

- MARPOL destruction of existing liquid in tank, solids or cleaning residue

- Any repairs to tanks including any damaged threads or fittings on access hatches - Replacement of hatch gaskets where necessary

Quote: 150 - Grey & Black Water Tank Cleaning Type: Fixed Price

Opening & Closing of Hatch(es) 1 un €130 €130 Cleaning of Tank 6.0 m³ €1,352 €1,352 Permit for Enclosed Spaces 1 un €140 €140 Additional Pumping of Existing Liquids in Tank 0 hr €205 MARPOL Certified Destruction of Fluids 0 m³ €55.00

Quote: 150 - Grey & Black Water Tank Cleaning Type: Fixed Price

Opening & Closing of Hatch(es) 1 un €130 €130 Cleaning of Tank 6.0 m³ €1,352 €1,352 Permit for Enclosed Spaces 1 un €140 €140 Additional Pumping of Existing Liquids in Tank 0 hr €205 MARPOL Certified Destruction of Fluids 0 m³ €55.00

Ref: MYY-166220316-V3 Date: 16 March 2022

- Motor service, bearings, cleaning ,varnish, brake adjustment

- Assumes adequate access for motor removal difficult access may incur additional cost - Removal of planetary drive reduction box and service will be quoted separately, oil samples will give a good - indication of gearbox condition. How ever may be required for deck seal replacement - Work on seized or damaged components may incur additional cost

- Any replacement of parts except when mentioned - Scaffold or steel structure to allow access

Running Test and visual inspection 2 hr €85.00 €170 Install deck protection 4 hr €85.00 €340 Materials for protection 2 un €218 €435 Strip deck gear stow on deck 16 hr €85.00 €1,360 Measure brake band thickness 2 hr €85.00 €170 Disconnect electric motor 8 hr €85.00 €680 Take oil sample from gearbox 2 hr €85.00 €170 Drain , flush and change oil 4 hr €85.00 €340

Shell Omala S2 GX 220 10 litres €4.75 €47.50 Remove electric motor to workshop 14 hr €80.00 €1,120 Motor service , bearings, cleaning ,varnish, brake adjustment 54 hr €80.00 €4,320 Remount and connect motors 14 hr €80.00 €1,120 Remount deck gear 14 hr €80.00 €1,120

Ref: MYY-281220316-V3 Date: 16 March 2022

- Inspection , change gear oil and replace Zinc where needed - Bow thruster model: ZF TT 1000 , L-Drive Unit - Stern Thruster: ZF TT 1000, L-Drive Unit - Scope of work: Zinc replacement and basic oil replacement and inspection

- On both bow and stern thrusters:

- Control of the propellers and internal plays

- Opening of the bottom cover for visual inspection

- Zinc anodes replacement including supply Tests & controls

- If some additional works have to be done, another estimate will be issued - Parts if needed: Available in 3-4 weeks

- Access to the thruster, tunnel, and protection around the working areas. - Dismantling of the grills - see section 695 - Any paint work needed in the tunnel.

- Cleaning of the tunnel. - Treatment of wasted oil.

- Cranage & Logistic assistance will be charged on pro-rata basis Quote: 281 - E0120 - Thrusters Type: Budgetary Estimate Period: Initial Offer

Liters of Shell OMALA 100 (estimated) 40 litres €5.71 €229 Rags, absorbers, cleaning product,… 1 un €37.91 €37.91 Packing and transport for parts 1 un €163 €163 Labour for work described above - estimated 1 un €1,920 €1,920 Travelling expenses and fees 2 un €97.50 €195

Section 327 - I0082 - Duct and Vent Cleaning

Ref: MYY-327220316-V3 Date: 16 March 2022

- The vents are blocked and spitting out black deposits , hair and etc even though the air handlers has been cleaned once a week.

- Galley exhaust network cleaning and degreasing

- Access :

- Cleaning includes hood filters, galley hood plenum, exhaust duct, firedamper and exhaust fan turbine - Laundry exhaust network cleaning and dedusting

- Access :

- Cleaning includes dryers filters, 2 exhaust ducts and 2 exhaust fans turbines - Air Conditioning Units cleaning and disinfection - 3 AC Units inventoried and connected with ducts on: - Bridge deck : - FA 1 serving Galley, Main saloon and Dining and 4 Guest cabins - Lower deck : - FA 2 serving 5 Crew cabins, Crew mess, Laundry and Bridge deck

- Cleaning includes connected ducts as far as possible - Fan coils cleaning and disinfection : 21 fan coils inventoried and connected with ducts :

- 2 Twin Guest cabins : 2 2 Double Guest cabins : 2 - Cleaning includes filters, evaporators, turbines and connected ducts. - Ventilation exhaust network cleaning and disinfection - 23 air vents inventoried and connected with exhaust ducts :

- 2 Twin Guest cabins : 4 2 Double Guest cabins : 6

- 3 Exhaust units not located for Crew, Guest and Owner areas - Cleaning includes exhaust units turbines and connected ducts.

Masking of areas are include in sucbontractor scope but not overall protection

- The supply and replacement of defective parts found during disassembly - Dismounting & remounting of deck heads, fairing, dampers in T&M - Dismounting & remounting of access hatches in engine room and saloon in T&M - Logistics, staging, cranes, etc...

Quote: 327 - I0082 - Duct and Vent Cleaning Type: Fixed Price Period: Initial Offer

Galley exhaust network cleaning and degreasing 1 un €2,882 €2,882 Laundry exhaust network cleaning and dedusting 1 un €1,607 €1,607 Fresh Air Units cleaning and disinfection 1 un €4,077 €4,077 Fan coils cleaning and disinfection 1 un €5,534 €5,534 Ventilation exhaust network cleaning and disinfection 1 un €3,934 €3,934

Ref: MYY-341220316-V3 Date: 16 March 2022

Oily Water Separator 1000h service and certification Brand: Brannstrom Sweden AB. Model:BM488

- Remove sensor unit, calibrate Sensor and re-install. Provide Certificate

- OPTION : Remove & replace particle filter

Pressure reducer installation to be quoted upon visual & functional inspection

- Repair or replace unpredicted defective parts

Quote: 341 - E0117 - OWS Period: Initial Offer

Disassemble unit, service pumps and replace prefilter 1 un €1,485 €1,485 Calibrate Sensor. Certificate 1 un €1,050 €1,050

Shipping fees of spare kits 1 un €300 €300 Option : Particle Filter kit 1 un €1,800 ◊ €1,800

Section 401 - D0056 - Carbon Fiber Swim Ladder Repair

Ref: MYY-401220316-V3 Date: 16 March 2022

- Carbon fiber swim ladder is broken severely - The entire system have to be improved as at the moment the ladder is pivoting too much , doesn't have enough support to the hull and it is floating away from the hull instead of staying close to it

- Swinging arm junction metal part removal - Cleaning up and repairing swingning arm junction - Gluing of new metal swinging arm pieces - Dry fit onboard vessel Adjustment of top step and making of landing pad on ladder to suit rub rail form for a nice snug fit and suppor the ladder

Carbon finish on passerelle will need topcoat varnishing after works

- Any other parts or service works than listed - Cranage & Logistic assistance will be charged on pro-rata basis - Painting or top coat varnishing of any parts - Any parts replacement if found worn, other than listed

Quote: 401 - D0056 - Carbon Fiber Swim Ladder Repair Type: Budgetary Estimate Period: Initial Offer Description Qty Un Unit

Labour - Estimated 1 un €5,550 €5,550 Material - Estimated 1 un €5,155 €5,155

Name Carbon Fiber ladder 2.JPG Name Carbon fiber ladder 3.JPG Name Carbon fiber ladder 4.JPG

MY Lady May Quotation Case 22-50073 Doc 203-3 Filed 04/11/22 Entered 04/11/22 12:34:01 Page 30 of

Section 402 - D0067 - Anchor Pocket Stainless Fashion Plate Ref: MYY-402220316-V3 Date: 16 March 2022

Anchor pocket stainless plate on hull, needs deep sanding and polishing. Damage caused from picking/dropping Anchor

- Surfaces grinding/rectification with finishing sanding - Cleaning of the sanded areas by using a passivation acid

- Polishing of the anchor pockets mirror polishing finishing

- This quote is a budgetary estimate and will be confirmed upon inspection - Works to be carried out from a cherry picker

- Polish finishing quality to be discussed and agreed by both parties

- Material recharging by means of welding

Quote: 402 - D0067 - Anchor Pocket Stainless Fashion Plate Period: Initial Offer

Anchor Pocket sanding and polishing 1 un €8,840 €8,840

Section 421 - D0063 - MD and Upper Deck Teak Sanding and Caulking Ref: MYY-421220316-V3 Date: 16 March 2022

- Teak on Main deck needs to be sanded and re-caulked in places - On numerous places the caulking is higher than the teak and teak grains are as deep as 5mm - Roughly 120 Sq. m of surface is to be sanded

- Inspection needs to done to send a proper quotation - The repairs or removal of margin planks will be charged on a time and material base or quoted case by case or quoted on arrival measurement will be revised on board and final invoice will be pro-rata

- Removal of hardware / deck fittings in T&M

Quote: 421 - D0063 - MD and Upper Deck Teak Sanding and Caulking Period: Initial Offer Description Qty Un Unit

Sanding and recaulking 120 m² €60.75 €7,290 Caulking (price per linear meter) m €35.00

Ref: MYY-601220316-V3 Date: 16 March 2022

- Various areas around the boat are to be repaired, painted and/or polished - This includes: - Guest areas- Main deck , passages PS and SB side and stairs to upper deck. - Swimming platform - numerous blistering and scratches

- Corrosion opening using cisel and grinding machine P24/36

- Apply as necessary Awlfair trowable compound to match surrounding areas - Fine filler Awlgrip surfacing filler can be applied to fill sanding scratches and porosity of Awlfair FW - Seal out any new applied fairing with Highbuild Epoxy Primer - Application of 3 coats of 545 Epoxy primer - Application of 3 coats wet on wet of Awlgrip Gline - colour to be confirmed

- This is a budgetray estimate based on pictures (please refer to document in Appendix) - To be confirmed upon inspection after yacht arrival - Work to be carried out outside. Climatic conditions cannot be guaranteed, however the products will be applied in the best condition possible - No guarantee is applicable on local repairs - Only local spot repairs with hard cut line

- Extra works due to silicon polishing or other polishing compounds

- Sign writing, application of names etc ( or Removal ) - Cranes, Windlass, etc (unless otherwise mentioned above) - Removal or painting of deck heads (unless otherwise mentioned above) - Interior locker/door faces (unless otherwise mentioned ). When dismantled, to be paint up to watertight seal. If not exterior faces only

- Accommodation / boarding ladders (unless otherwise mentioned)

- More than one protection of top coated surfaces - All other works not directly involving a high gloss super yacht quality finish

- Rub rail of the swim platform to be re used Quote: 601 - P0022 - Paint works Type: Budgetary Estimate Period: Initial Offer

Paint works - Budgetary estimate 1 un €26,000 €26,000

Ref: MYY-691220316-V3 Date: 16 March 2022

MB92 La Ciotat will not be held responsible for any damage caused to existing paint systems during this operation Quote assumes that the vessel antifouling system is still functioning correctly and that the underwater area is not covered by growth other than slime and has no patina residue that cannot be removed using the standard pressure washing procedure outlined above

- Scrapping works below waterline, these are to be conducted on a time and materials basis - Crossover pipes and tanks – quotation after inspection

Cherry Picker Rental Based on 2 Used 1 dy €328 €328

Ref: MYY-692220316-V3 Date: 16 March 2022

- Antifouling: Trilux 33 - 24 months Specification

- Protection using appropriate tape for area not to be painted (e.g. boot top line, stainless bow plate, anodes , sensor, plimsole marks, etc.)

- Assumes that existing antifouling is in reasonable condition - Antifouling of vessels on the yacht lift or dry docks will not cover areas under the chocks - Vessels antifouled on the travel lift will have the chock areas antifouled after the lifting from the chocks and before the launch. No priming or other works can be completed; the areas antifouled in the way of the chocks will only be covered by warranty if the launch time falls out of the manufacturers recommended time - The cherry picker pricing is for antifouling works only - A spray application is only possible in tented conditions - The antifouling calculation is based on the number of coats applied. For thickness based calculations please inquire. \*denotes low volume solids antifouls which could result in additional coats required to achieve manufactures recommended DFTs

- Any local repair - to be quoted separately after pressure washing is complete - The antifouling of jet drives or intakes which will be billed on a time and materials basis or quoted separately - Crossover pipes and tanks – quotation after inspection - Hull pipe fittings – antifouling stops 50mm inside pipes from hull surface

Application of 3 Coats of Antifoul 1381.25 m² €5.60 €7,735

Cherry Picker Rental Based on 1 Used 5.0 dy €164 €820 Supply of Antifoul - International - Trilux 33 200 litres €42.86 €8,573

Ref: MYY-695220316-V3 Date: 16 March 2022

Seachest : Inspection , clean all valves , clean strainer basket and repair if needed

Remove and replace grills below WL.

- Fixing of damaged threads or replacement of fastenings - Any materials, works other than stated, or any resulting works

Section 696 - P0037 - P0036 - P0035 - Propspeed Works Ref: MYY-696220316-V3 Date: 16 March 2022

Propspeed works for propellors, rudders and shafts

- 1. Preparation of propellers, bow, and stern thrusters - 2. Application of Propspeed to propellers, bow, and stern thrusters

- Yard can't be held responsible in case of noise or vibrations if no sea trials were conducted with yard attendance prior haul out - Painting of the propeller blade Leading and Trailing edge is not recommended and if done is the responsibility of the client

- Any materials, works other than stated, or any resulting works

Quote: 696 - P0037 - P0036 - P0035 - Propspeed Works

Labour for Preparation & Application 48 hr €65.00 €3,120 Supply Kits of Prop Speed 6 un €493 €2,958

Total ◊ Optional items €1,800 not included in total. €192,249

Signature - Owner's Representative Signature - Yard Representative

Notes i. All works subject to MB92 La Ciotat's Standard Terms & Conditions or ICOMIA Yacht Repair Contract

MB92 La Ciotat Internal Labour Rates €0.00

% of Project Management to be Billed on Final Invoice €0.00

052 - Shipyard Access - Owner's Contractors Administration Fee per Badge - T&M Rates €0.00 052 - Shipyard Access - Owner's Contractors Daily Contribution Fee - T&M Rates €0.00

116 - E0109 - E0110 - Shaft Survey €1,984

150 - Grey & Black Water Tank Cleaning €1,622 150 - Grey & Black Water Tank Cleaning €1,622

Case 22-50073 Doc 203-3 Filed 04/11/22 MY Lady May Quotation

327 - I0082 - Duct and Vent Cleaning €18,032

401 - D0056 - Carbon Fiber Swim Ladder Repair €10,705 402 - D0067 - Anchor Pocket Stainless Fashion Plate €9,660 421 - D0063 - MD and Upper Deck Teak Sanding and Caulking €7,290

696 - P0037 - P0036 - P0035 - Propspeed Works

Total ◊ Optional items €1,800 not included in total. €192,249

Quantum Contact: B. STAUFFER Direct Phone: +1 (954) 587-8971 EMAIL: bstauffer@quantumhydraulic.com

ESTIMATE Page 1/2 Date 09-Dec-2021 Quote QS-16008 Builder Hull No FDV 688 Vessel Name LADY MAY Contract No QS-16008 REV.1

3685 SW 30th. Avenue Ft. Lauderdale FL 33312

**Note: Quantum is proud of its reputation for quality and service. To ensure this position, Quantum's policy is to develop and maintain its own team of highly trained service technicians. Quantum does NOT have service agreements with or endorse third party service providers.**

Bill To: M/Y LADY MAY (FEADSHIP 688) Ship To: M/Y LADY MAY (FEADSHIP 688) HK INTERNATIONAL FUNDS INVESTMENTS (USA) PESTO SEA GROUP SRL C/O YACHTZOO LLC, C/O CATARINEAU & GIVENS CALATA MOLO VECCHIO MOD.3 MIAMI FLORIDA 8000 SW GENOVA 16128 UNITED STATES ITALY

Shipping Method Payment Terms VAT/Reseller Number

Quantity Item Number Description UOM Unit Price Ext. Price 2 QMFIL28003 FILTER ELEMENT PRESSURE PARKER WPF3 05 MICRON ECOGLASS III (INCLUDES O EA €138.27 €276.54 1 QMFIL14002 FILTER ELEMENT RETURN SCHROEDER K (10MICRON-SYNTH)

2 QMCAR13117 CARTRIDGE CHECK VALVE NOSE TO SIDE 80GPM 5000PSI T-16A

2 QMCAR13340 CARTRIDGE DIRECTIONAL 2WAY 2POS SOLENOID NC 4GPM (2PORT UNLOADER) <alt< td="">EA€192.93€385.86</alt<> EA €192.93 €385.86 2 QMCOI80016 COIL 28VDC SUN W/ DIN43650 PINS FORM A FLEX EA €50.25 €100.50 2 QMSUP23105-0D SUPPRESSOR W&M HYD NOISE 3000PSI 24GPM SAE16 W/ POPPET & CORE VALVE AN EA €748.14 €1,496.28 2 QMACC55007 KIT ACCUMULATOR BLADDER 5.0 GALLON HYDAC BLADDER EA €869.66 €1,739.32 NOTE: IN CASE PRE-CHARGE IS FOUND OK, BLADDERS CAN BE KEPT AS

1 QMCOO20060 TUBE STACK FOR BOWMAN HYDRAULIC COOLER FOR FC140-

2 QMCOO20071 ORING SEAL FOR BOWMAN HYDRAULIC COOLER FOR FC STYLE

1 QMFEL00850 FITTING ELBOW 90 SAEM 16 X NPTM 16 POSITIONABLE STEEL EA €28.25 €28.25 VALVE CHECK SWING HIGH FLOW 1" NPT FEMALE CLASS 125

Case 22-50073 Doc 203-3 Filed 04/11/22 Entered 04/11/22 12:34:01 Page 42 of 50

Direct Phone: +1 (954) 587-8971 EMAIL:

ESTIMATE Page 2/2 Date 09-Dec-2021 Quote QS-16008 Builder Hull No FDV 688 Vessel Name LADY MAY Contract No QS-16008 REV.1

Purchase Order No. Customer ID Salesperson ID Shipping Method

Quantity Item Number Description UOM Unit Price Ext. Price NOTE: 2 PRESSURE GAUGES MOVING FORWARD, LOCAL NEW HOSES

CYLINDER MAIN 95/60/277MM (QC1800 HD) 45MM & 57MM

BEARING ID - V00 REV EA €6,476.61 €25,906.44 4 QCPIN22100-BA02 KIT PIN CYLINDER TAPER 50MM NOMINAL 2012-DESIGN (57MM BEARING ID) FULL EA €2,126.50 €8,506.00 4 QCPIN18101-AA02 KIT PIN CYLINDER TAPER 40MM NOMINAL 2012-DESIGN (45MM BEARING ID) FULL EA €2,029.59 €8,118.36 2 AHS0000104-CA00 HOSE KIT FOR HULL UNIT 1800 COMPLETE V00 REV C EA €1,062.73 €2,125.46 4.00 LABOR 10 HOURS A DAY QM LABOR FOR 2 TECHNICIANS 2 DAYS ON SITE EA, BASED ON EA €1,600.00 €6,400.00 4.00 TRAVEL TRAVEL TIME FOR 2 TECHNICIANS, BASED ON 10 HOURS A DAY EA €900.00 €3,600.00 6 SUBSISTENCE HOTELS, FOOD, DRINKS AND SMALL TAXIS FARES EA €275.00 €1,650.00 2 TRAVEL EXPENSES TRAVEL EXPENSES ESTIMATED EA €1,000.00 €2,000.00 1 FREIGHT ESTIMATED FREIGHT CHARGES NL>IT EA €750.00 €750.00 1 FREIGHT ESTIMATED FREIGHT CHARGES USA>IT EA €750.00 €750.00

Subject to Quantum's Terms and Conditions at Misc €0.00 www.quantumhydraulic.com Tax €0.00

Case 22-50073 Doc 203-3 Filed 04/11/22 Entered 04/11/22 12:34:01 Page 44 of 50

View of filters tops – Need to access under, on hull bottom, to remove the bolts.

Space around the filters. Access very difficult. Some cut-out may be needed.

Bolts are completely rusty. Unbolting will be very difficult and may need bolts to be cut, causing damages on the surroundings elements.

No guaranty that the hull flanges and filter are not corroded and need replacement.

Considering bolts and valves conditions, 3 weeks minimum to complete the work assuming no cutting and no welding will be necessary. Worst case scenario 6 weeks +.

No guaranty on the launch date. It will highly depends on what we will find after removal.

During this work, no other works can be done in the engine room. Case 22-50073 Doc 203-3 Filed 04/11/22 Entered 04/11/22 12:34:01 Page 50 of 50