Hollund Industrial Marine Inc. (HIMR)

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Yep; and,

During the three-month period ended June 30, 2014 the holders of the convertible note #8 (note 4)
converted $80,000 of principal into 1,296,009,600 common shares. As the restricted common stock was
issued at below the Company’s market price ($0.0001), the Company recorded interest expense relating to Exhibit 1-16 the estimated value of these shares of approximately $129,600.

During the three-month period ended March 31, 2014, the Company sold 300,000,000 common shares for
$1,050.
During the three-month period ended June 30, 2014, the Company sold 100,000,000 common shares for
$350. The holder of the shares remitted payment during July 2014.