Annex F Letter-of-cancellation.docx

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Annex "F" YUNGCHOW CORPORATION TGU Tower, IT Park Cebu City

March 07, 2018

Novem Khan Valenzona President Penshone, Inc. JDY Building, A.S. Fortuna Street Mandaue, City, Cebu 6014 Philippines

Dear Mr. Novem: After the recent concluded meeting with the Board of Directors, we regret to inform you that the management is rescinding the purchase agreement and cancelling the order we have made with you on February 18, 2018 for the Cisco AS5350.

Sincerely,

APRIL JOYCE ISRAEL President Yungchow Corporation

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