I appreciate your agreement to conduct a feasibility on the west pacific market before

venturing into investment plans. The first submission has showed a lot of inconsistencies that
did not objectively present the market as it is. Our aim this time to objectively find out the
strengths and weakness, opportunities and threats om out of proposal to extend our
operations. Feasibility, economic feasibility, operational and schedule feasibility
I understand that you have given us until march 15 to complete. the study and that you are
willing to view drop in progress to give us helpful feedback. We plan to have the proposal ready
for presentation by march 10. We really appreciate your confidence
Best regards,
A. CAY