MR. JOSEPH MAKALE DEPARTMENT OF MINERALS AND ENERGY PRETORIA, SOUTH AFRICA. May 20TH., 2003

Sir,

It is my great pleasure to write you this letter on behalf of my colleagues.
Your information was given to me by a member of the South African Export
Promotion Council (SAEPC) who was with the Government delegation on a trip to
your country for a United Nations bilateral conference talk on sustainable
development to encourage foreign investors. I have decided to seek a
confidential co-operation with you in the execution of a deal hereunder for the
benefit of all parties and hope you will keep it confidential because of the
nature of the business.

Within the Department of Minerals and Energy where I work as an assistant
Director of Audit, with the co-operation of two other top officials, we have in
our possession an overdue contractor payment in US Dollars funds.

The said funds represent certain percentage of the contract value executed on
behalf of my Department by a foreign contracting firm, (Pearls Ltd) which we the
officials over-invoiced to the amount of US$15,200,000 (Fifteen Million Two
Hundred Thousand US Dollars).

Since the present elected Government is determined to pay foreign contractors
all debts owed, so as to maintain good relations with foreign governments and
non-governmental agencies, we included our bills for approvals with the
Department of Finance and the Reserve Bank of South Africa (RBSA). We are 100+%
sure of funds approvals to anyone or company we (The Audit Committee) recommend
as part of the sub-contractors who did jobs for the Department. We are seeking
your assistance to front as the sub-contractor of the unclaimed funds, since we
are not allowed to operate foreign accounts. Details and change of beneficiary
information upon application for claim to reflect payment and approvals will be
secured on behalf of You/your Company.

My colleagues and I are prepared to give you US$2.5m while we take US$7.4m and
the balance of US$5.3m for taxes and miscellaneous expenses incurred.

This business is completely safe and secure, provided you treat it with utmost
confidentiality. It does not matter whether You/your Company does contract
projects, as a transfer of rights will be secured in favor of You/your Company
through the Federal high Court of South Africa before we can proceed. I have reposed my confidence in you and hope that you will not disappoint us.
Kindly notify me immediately for further details upon your acceptance of this
proposal. You can contact me by email. Yours Faithfully,