July 26, 2004

From: ABDUL RAZAK KANYAN - ZARAZ HORIZONS

International Trding Enterprises,

Jeddah, Saudi Arabia

Tel: 00966-2-6513793

Dear Sir,

We would like to negotiate for Brazilian ICUMSA 45 RUB and Inidna ICUMSA 100 Sguar, Wheat, Base Oil, Crude Oil, and Bitumen as quickly as posisble on the basis of the follwing:

1. Payment type (must be transferable)

FULLY FUNDED LC

2. Commission needed - US Dollars 10/- per M/T for Quantities in excess of 50,000 MTs

3. Verify samples not required - If yourgoodself can dispach it quickly, it may help us positively

4. Realistic Target Price - For Sugar US $ 150 per Metric Ton

5. Shipping schedule (12 months?) - 12,500 MTs monthly

6. Do you have LOI and BCL (or LOI with banking coordinates)?
WE ARE IN POSITIION TO FURNISH EVERYTHING, BUT WE SHOULD AGREE WITH YOUR PRICE, COMMISSION, SPECS, ETC. PRIOR TO REVEAL OUR CLIENTELE CONFIDENTIALITIES, WHICH ARE IN THE LOI - LET US BE MORE WISE, SIR.

Regards