SUMMARY OF THE PROJECT

1. INVESTMENT FORM

+ Establish a joint-venture corporation among the four companies below:

1. Vietland Group (Viet Nam)

2. Invested Development International Co-operation Joint Stock Company (Viet Nam)

3. Your Company

+ Period of validity: 50 years

2. PROJECTS PURPOSE

Constructing a complex area that includes Resorts, Hotels, Houses, Seaside villas and Entertainment services located in Do Son and Cat Ba (Hai Phong).

3. CAPITAL AND INVESTMENT PLAN

+ Total capital in the first Phase (infrastructure): US$80 million

+ Total capital of complex project: more than US$900 million with about 38 categories of tourism and more than 100 secondary projects.

+ Types of Investment for those secondary projects:

- Direct investment of secondary investors in the form of making joint-venture between main investor (developer) and secondary investor in the project area.

- Secondary investors rents land from the main investor to construct articles in the project area and build infrastructures (like the model of an industrial park).

- Main investor (developer) raises capital or re-invests, directly invests in some secondary projects.

+ Projects period and progress.

- Complete the construction of major infrastructure (in the first phase of project) in the period of 3 years.

Ha Long area: complete the construction of major infrastructure in the period of 2 years.

Do Son area: complete the construction of major infrastructure in the period of 3 years.

- Complete the left in 3 years after.

- Main investor (Developer) expects to attract more than US$ 50- 100 million for `secondary projects before having investment license.

Truong Ngoc Son

VIETLAND GROUP
R.2202, 22th Floor, M3, M4 Building
91 Nguyen Chi Thanh Str.,Hanoi, Vietnam
Tel: 84-4-2751173
Fax: 84-4-2750227
Mobile: 0983538356