EMAIL DETAILS

Ok see below . Need to discuss.

From: Nagi M Ghawi [mailto:nghawi@mercantileinvestment.com]
Sent: Wednesday, June 22, 2011 10:27 PM
To: Sean Conlon
Cc: Gamperl David <dgamperl@gamperl.com>
Subject: Engagement

Dear Sean,

I would like to confirm that I accept this letter of engagement based on 7% fees + 3% fees as a bonus if the first structured instrument (LTN) is executed within 60 days.

This fee should cover all intermediaries' fee and any additional fee should come out from this one.

We have access through Andre Lasserre connection to at least 10 LTN's but if we do not perform on the said meeting ASAP, we may not be in a position to have those LTN's at our disposal.

Regards

Nagi Ghawi