Private & Confidential

NATIONAL OIL LIMITED
4sd Wibaustraaft, Amsterdam, Netherlands
Tel: 31-630-111-553 Fax: 31-645-570-757

Ref:NOL/364598.UTO Date: 27-06-03

PERSONAL AND CONFIDENTIAL

Sir,

It is my great pleasure to write you this letter on behalf of my Colleagues. 
Your information was given to me by a member of the Economic Society of 
Netherlands Chambers of Trade and Commerce (ESNLCTC) who was with the 
Government delegation on a trip to your country for a bilateral conference 
talk to encourage foreign investors. I have decided to seek a confidential 
co-operation with you in the execution of a deal hereunder for the benefit of 
all parties and hope you will keep it confidential because of the nature of 
this business.

My name is MR.GARY WITTE, the executive chairman, National Oil Limited (NOL).
THE PREPOSITION:

We have the sum of US$40,200,000.00 (Forty Million, Two Hundred Thousand 
United States Dollars) that we intend to transfer overseas through the 
assistance of a foreign partner. This money came as a result of the unclaimed 
pension funds over the years due to the over invoiced claim put forward by my 
committee but the pensioner had already been paid for their claim What is left 
is the over invoice amount of US$40,200,000.00 which has been deposited in a 
bank.
I have agreed to transfer the funds overseas for my campaign funding, private 
use and for investment purposes with your help. I am contacting you therefore, 
to stand in as the beneficiary to process this fund into your custody. I will 
provide you with 20% for assisting us and 5% for expenses. The fund shall be 
transferred to you legally in accordance to all laid down procedures governing 
transfer of funds. I have perfected all modalities for the successful transfer 
of this money to you as the beneficiary.

This business is completely safe and secure, provided you treat it with utmost 
confidentiality. It does not matter whether you/your Company does contract 
projects, as a transfer of powers will be secured in favour of you/your 
Company. Your specialization is not a hindrance to the successful execution of 
this transaction. I have reposed my confidence in you and hope that you will 
not disappoint us.

Presently, you can reach me by return mail, [email protected] or telephone 
number: 31-630-111-553, fax: 31-645-570-757,you should also include your 
telephone, fax and or cell phone numbers if any, for secured and effective 
communication between us.
Thank you for your anticipated cooperation.
I await your response.

Mr. Gary Witte
Executive Chairman,
National Oil Limited.
Tel: 31-630-111-553.
Fax: 31-645-570-757
E-mail: [email protected]

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