Dear Mrs. Nga!

I have received a letter from “Duyen Hai Investment and Construction” Co Ltd addressed to both you and
myself. Thank you for your attention.

I am writing to answer the questions raised in this letter. As you know, international regulations require
that the general contractor for construction work on the territory of any country must be a domestic
company. Therefore, we agree to cooperate with “Duyen Hai Investment and Construction” Co Ltd.

Funding for the construction can be provided in two ways. I sent you the details earlier.

The first option involves transferring funds from the European Central Bank to a joint venture company
in Euros under an investment agreement. The money would have been received only under the terms of
the contract that I sent you.

Since you rejected the first option, we can consider the second financing option.

According to the second option, we will be able to finance government and commercial projects under
bonds or promissory notes issued by the Ministry of Finance or the National Bank of the country
(hereinafter referred to as "securities").

To start working, our joint company (Vietnam, Cambodia or Laos) must sign a project financing
agreement with the Ministry of Finance or the National Bank.

In this case, securities issued by the Ministry of Finance or the National Bank will be a guarantee of
settlements or financing of projects.

These securities must be backed by the country's national currency. All commercial transactions relating
to the financing of these projects, including the construction of buildings in the country, should be
conducted in the local currency in order to preserve the country's national monetary stability.

In order to prevent the placement of government securities on the secondary market, these securities will
be deposited with the agreed bank's depository and transferred to the Joint Company.

The Joint Company will use the securities to provide funding for commercial operations related to the
financing of facility construction. Additionally, the securities will be used as a guarantee to ensure the
supply of goods, equipment, machinery and technologies produced outside the country for delivery to this
country.

Please specify the total amount of securities in national currency that you have agreed to issue.

Please note that securities, in the form of bonds and promissory notes, must be interest-free and urgent.
As I mentioned earlier and previously wrote to you, the issued securities will be returned to the Ministry
of Finance or National Bank of this country in 10 years.

Yours sincerely, Valeriy.