The Merchant Guarantee and Trust Company
Since 1977

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PHONE 1-800-501-00 36 - FAX & VOICE MAIL 1-212-658 93 33
E-MAIL: cbodusa@aol.com

İcbodusa 2001

FUNDS FOR (HYI) HIGH YIELD INVESTMENT PROGRAMS & (PP) PRIVATE PLACEMENT PROGRAMS
<<FUNDING IS PROVIDED FOR MOST TYPES OF INVESTMENT PROGRAM AND BANK 
INSTRUMENT TRADING INCLUDING H.Y.I.P. HIGH YIELD INVESTMENT PROGRAMS.>>


BANK COMMITMENT PROGRAM TO TRIGGER OR TRADE IN MEDIUM TERM NOTES AND TREASURY BILLS


BANK COMMITMENT, BANK DEBENTURE, BANK FUNDING ADVICE, BANK INSTRUMENT, BANK 
INSTRUMENT TRADING, BANK PURCHASE ORDER, CASH AVAILABILITY,CONDITIONAL SWIFT, 
DISCOUNTING, FUNDING OF PRIME BANK GUARANTEE, FUNDING OF HIGH YIELD 
INVESTMENT PROGRAM, HIGH-YIELD LOW RISK INVESTMENT, HYIP, L/C, LETTER OF 
CREDIT, MEDIUM TERM NOTE, MTN, PRIME BANK GUARANTEE, PROOF OF FUNDS LETTER, 
RESERVED FUNDS LETTER, RESERVED FUNDS, SBLC, SLC, TOP 100 WORLD BANK, TOP 25 
EUROPEAN BANK, TRADING


<FUNDS FOR HYI & PP PROGRAMS>

(1.1) BASICS
AVAILABILITY AND REQUIREMENTS

US$ 200 M. IN <CASH FUNDS> AT YOUR DISPOSAL ONE OF THE MAJOR WORLD BANKS 
CONFIRMS THE <AVAILABILITY OF CASH FUNDS>, CLEAR, CLEAN AND UNENCUMBERED 
THROUGH THE MEANS OF AN OFFICIAL BANK STATEMENT OF ACCOUNT. YOU WILL RECEIVE 
THIS BANK STATEMENT CONFIRMING THE <FUNDS ARE ON DEPOSIT>. WE WILL ALSO PUT 
YOU IN CONTROL OF THE FUNDS, CONDITIONALLY, SUBJECT TO CONTRACT AND CORPORATE 
DOCUMENTATION. THROUGH OUR CONCEPT, ANY <INVESTMENT> THAT YOU WILL EXECUTE 
WILL ALWAYS BE PLACED BY THE "OWNER OF THE FUNDS". 

AT YOUR OPTION, AND DEPENDING UPON YOUR CONCEPT YOU CAN EXCHANGE CASH AGAINST 
THE BANK-TO-BANK DELIVERY OF ACCEPTABLE, NEGOTIABLE ONE YEAR BANK 
INSTRUMENTS, ISSUED BY WESTERN EUROPEAN BANKS, RATED AA- OR LEAVE CASH FUNDS 
ON DEPOSIT TO SERVE YOU AS <PROOF OF FUNDS>, RESERVED FOR YOUR TRANSACTION, 
SUBJECT TO CONTRACT.


NON-RECOURSE <FUNDING FACILITIES> ARE AVAILABLE WHICH ARE SUITABLE FOR 
<LEVERAGING (GEARING-UP) INVESTMENTS> OF THE CLIENT USING OUR <FUNDING 
SERVICES>, THEREBY INCREASING MANY-FOLD THE POTENTIAL YIELD FROM INVESTMENT 
OPPORTUNITIES AND PROGRAMS WITHOUT INCURRING ADDITIONAL RISK.

- FOR A MODEST, -ALL-IN FUNDER'S FEE-, AN ORIGINAL HARD COPY OR S.W.I.F.T., 
BANK ISSUED CONFIRMATION OF <CASH FUNDS ON DEPOSIT> WILL BE MADE AVAILABLE TO 
THE CLIENT USING THIS FUNDING SERVICE. CASH AMOUNTS FROM $10 MILLION UP 
- 
- WE ACCESS FUNDS WHICH ARE AVAILABLE IN SPECIAL INVESTMENT ACCOUNTS IN 
<MAJOR WORLD BANK> (MIN. US$ 10,000,000)
- AGAINST YOUR PAYMENT OF ARRANGEMENT FEES, WE SHALL CAUSE THAT <FUNDS ARE 
RESERVED FOR YOU> AND YOUR <INVESTMENT PROGRAM> ACCORDING TO CONTRACT.
- MAJOR BANKS CONFIRM THE AVAILABILITY OF THE FUNDS
- FUNDS CAN BE MOVED AGAINST DELIVERY OF A ONE YEAR AA-RATED EUROPEAN 
- 

DEPENDING UPON YOUR REQUIREMENTS, OUR FUNDING SERVICE INCLUDES PROVISION OF 
FUNDS ACCORDING TO CONTRACT, <BANK STATEMENT/CONFIRMATION OF AVAILABILITY OF 
FUNDS> SIGNED BY TWO BANK OFFICERS, PROVISION OF LETTER OF INTENT FOR PROGRAM 
MANAGER, CONFIRMATION OF CLEAR AND CLEAN FUNDS <SOURCE OF FUNDS> DECLARATION, 
CORPORATE RESOLUTION TO ENTER PROGRAM POWER OF ATTORNEY FOR YOU TO DEAL WITH 
THE FUNDS ACCORDING TO CONTRACT
CORPORATE RESOLUTION TO APPOINT SIGNATORY, COMPANY REGISTRATION DOCUMENTS, 
PASSPORT COPIES, ETC. IN MOST CASES, WE CAN TAILOR ANY DOCUMENTS TO YOUR 
SPECIFIC NEEDS.


<BANK LETTER> / BANK STATEMENT: THE BANK LETTER WILL BE PROVIDED AS SPECIFIED 
AND AGREED BY CONTRACT.

<CORPORATE DOCUMENTS> ALL CORPORATE DOCUMENTS WILL BE PROVIDED AS SPECIFIED 
AND AGREED BY CONTRACT. IF YOU REQUIRE ADDITIONAL CORPORATE DOCUMENTS, WE 
WILL BE PLEASED TO ASSIST YOU TO PROVIDE LETTERS OF INTENT OR ANY OTHER 
DOCUMENTS AGREED BY CONTRACT AND AS REQUIRED.

<BANK INSTRUMENT> FUNDED: IF YOU WISH TO EXCHANGE CASH FUNDS ON ACCOUNT FOR A 
BANK INSTRUMENT, THE BANK INSTRUMENT ADVISED WILL HAVE TO BE NEGOTIABLE, 
ISSUED BY A FIRST CLASS EUROPEAN BANK RATED AA- BY S&P OR MOODY'S MATURING 
WITHIN ONE YEAR.


RESPONSE FROM YOUR BANK: YOUR BANK HAS 15 BANKING DAYS TO RESPOND TO THE 
<RESERVED FUNDS LETTER> (IF REQUIRED) IN ACCORDANCE TO THE TERMS OF THE 
PRINCIPAL AGREEMENT. IN THE EVENT OF AN EXCHANGE FUNDS FOR A GUARANTEE, THE 
FUNDING BANK AND YOUR BANK DEAL DIRECTLY WITH EACH OTHER. THERE SHALL BE 
TOTAL FREEDOM OF COMMUNICATION BETWEEN BANKS, AT ALL TIMES. 



(2) <BANK COMMITMENT PROGRAM> 

(2.1) BASICS

ARRANGEMENTS CAN BE MADE FOR THE ISSUE OF A <BANK FUNDING COMMITMENT> OR BANK 
<FUNDING ADVICE> IN AN INITIAL AMOUNT OF BETWEEN $10 MILLION AND $200 MILLION 
FOR THE FUNDING OF THE FOLLOWING: <MEDIUM TERM BANK NOTES>, UNCONDITIONAL 
<LETTERS OF CREDIT>, UNCONDITIONAL <DEMAND GUARANTEES> AND UNDERTAKINGS, 
WESTERN GOVERNMENT ISSUED <TREASURY BILLS> AND BONDS. 

(2) BANK COMMITMENT PROGRAM

(2.2) ALL YOU WANT TO KNOW

BANK COMMITMENT PROGRAMOR <BANK PURCHASE ORDERS> WILL BE PROVIDED AS 
SPECIFIED AND AGREED BY CONTRACT.

PAYMENT OF FEES: FEES ARE DUE TO BE PAID AGAINST THE DELIVERY <S.W.I.F.T.> OR 
<KTT>. NO DEFFERED PAYMENT IS POSSIBLE, NO DEDUCTION FROM ANY PROFITS THAT 
YOU MIGHT EXPECT IN THE FUTURE. WE ARE NOT WILLING TO ENTER ANY JOINT VENTURE 
ARRANGEMENTS, OR, CHANGE ANY OF THESE CONDITIONS.