Ronald B. and Annette C. Talmage - Page 20




                                        - 20 -                                        
               Dear Mr. Seki,                                                         
               Attached herewith please find the record of payments                   
               (inclusive of bank remittance documentation) received                  
               to date by A.C. Schommer & Sons, Inc. for RiverCliff                   
               construction work, from New Century Properties Limited.                
               The total received as of the date of this letter stands                
               at:  $3,666,084.62 (Three million six hundred sixty-six                
               thousand eighty-four US dollars and sixty-two cents).                  
               We appreciate your kind letter of the 16th of June                     
               reconfirming your commitment to continue with payments                 
               through completion of the project.                                     
               Should there be any questions, please contact me at any                
               time.                                                                  
               Petitioner’s July 23, 2000, e-mail message to Mr. Schommer             
          also stated:                                                                
               For your information the “June 16 letter” from Mr. Seki                
               referred to above, contains the following text.  The                   
               signed original of this letter shall be presented to                   
               you upon my return from Asia on the 2nd.                               
               The text petitioner referred to in his July 23, 2000, e-mail           
          message was a letter allegedly written by Mr. Seki, which stated:           
               Dear Mr. Schommer,                                                     
               We hereby confirm that we have paid in full all of your                
               invoices issued us to date, subject to construction                    
               work for RiverCliff Farm.  As of the date of this                      
               letter we have paid you the sum total of:                              
               US$3,431,319.65 (Three million four hundred thirty-one                 
               thousand three hundred nineteen US Dollars and sixty-                  
               five cents).                                                           
               These funds have been paid you on behalf of our                        
               borrowers, Ronald B. & Kumiko W. Talmage collectively,                 
               in accordance with the terms of a loan agreement we                    
               executed with them dated January 25, 1999.                             








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