Anthony Teong-Chan Gaw as Transferee of Radcliffe Investment LTD. - Page 176

                                                 - 74 -                                                    
                  The instrument of transfer with respect to Traveluck, dated                              
            January 3, 1985, stated, inter alia, that Ms. Gaw was transfer-                                
            ring the one share of the stock of Traveluck held in her name to                               
            Mme. Koo, subject to the same conditions under which Ms. Gaw held                              
            that share.  There are two instruments of transfer with respect                                
            to Double Wealth.  In one such instrument, entitled "Transfer of                               
            Subscription" and dated January 8, 1985, S.B. Goweh, inter alia,                               
            (1) stated that he was transferring to Mme. Koo all his interest                               
            as a subscriber to the stock of Double Wealth to the extent of                                 
            one share of the common stock of that corporation; (2) requested                               
            Double Wealth to issue a certificate in her name for that one                                  
            share; and (3) directed Double Wealth to register that transfer                                
            on its books, effective January 8, 1985.  A second instrument of                               
            transfer with respect to Double Wealth, dated June 5, 1988,                                    
            stated, inter alia, that Mme. Koo was transferring the one share                               
            of the stock of that corporation held in her name to Pioneer,                                  
            subject to the same conditions under which Mme. Koo held that                                  
            share.  In the instrument of transfer with respect to Forward,                                 
            entitled "Transfer of Subscription" and dated December 4, 1980,                                
            S.B. Goweh, inter alia, (1) stated that he was transferring to                                 
            Mme. Koo all his interest as a subscriber to the stock of Forward                              
            to the extent of one share of the common stock of that corpora-                                
            tion; (2) requested Forward to issue a certificate in her name                                 
            for that one share; and (3) directed Forward to register that                                  
            transfer on its books, effective December 4, 1980.                                             




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