Dear Sirs,

Dear Mr. Schmidt,

after having finally realized by this time the sale of my practise, the removal to
Marbella has been effected, my house now is fully equipped, I today would like not
to fail to thank you again also on behalf of my wife for your perfect assistance and
your efforts.

Now I am a human again and I feel glad being able to follow up my hobbies, “golf,
tennis, watersports and oldtimer in a sufficient way.

Owing to your consultance I finally have kept behind me the German hundrum
routine and have invested in Marbella. For the good sale of my former home and the
purchase-consulting of my new property. I do thank you cordially and feel glad to
invite you and your wife to our inauguration-ceremony on 5th of August 2000.

Please be good enough as to confirm your participation on the attached reply card.

Looking forward to your visit I remain for today

with best regards

Yours thankfully K.S.

Dear Mr. Bauer,

as desired I would like to confirmn your competence and your sensibility - even in
difficult contract negotiation and -conclusions such as in my case of object purchase
in Marbella Carib Playa in May of this year.

The reconstruction steps coordinated through your company are now meeting my
ideas even if the costs and the construction time has been “slightly” exceeded. But
we will talk about this once again at next opportunity when having dinner in Puerto
Banus.

Altogether, nevertheless a lucrative investment as now found out through a
bank-valuation of the object.

I have recommended your company to our friends in Salzburg Mr. Kurt S. and will
invite together for lunch in my house in June to discuss in detail his investment
requests.

Yours Peter N.

Marbella Invest

Attn. Director

Robert Schmidt

Dear Robert

thanks a lot for the second meeting with you and your clients. At this moment we
are busy with the planning of the house and just close the precontract.

End of May we are prepared to start the construction. We keep in contact the next
days and enclose and send you the check from Banco Bilbao for your transaction.

All the best to you and your wife.

Yours sincerely

P.R.

Encl.