September 26, 2006 The Manager ONE Bank limited Mirpur Branch Dhaka.

Subject: Request for a Term Loan facility of Tk.60.00 lac. Dear Sir, I, M.A Elahi Shimul, Managing Director of Haitans Properties Ltd. has been involved House Building Development business since 3 years. So far we have 17 projects in hand out of which 2 project already completed and sold out all flats. Other 7 projects are running under construction and rest projects are under processing. At present, I am approaching you for 18 months Term Loan of Tk. 60.00 lac against our 6-storied commercial building project on 5-katha lands located at plot-136, Road-8, Block-B, Section-12. The site of the project is considered as aristocratic residential area of Mirpur. I am already entrusted power of Attorney through power of Attorney by the landowners so that I can provide mortgage of the land and ongoing construction building to your Bank. Estimated time for completion of the project 24 months. I have already completed up to plinth Level of the building as under: 1. 2. 3. 4. 5. 6. Pilling Work: 38 nos, 65'-90' Base: 18 Base Water Reserver Lift Shape Waste Water Reserver Grid Beam Level

I would like to inform you that if necessary I could provide additional security like my own apartment of 1050 sft at Shawpna Chowaa, 5-B Unit, 13/8, Pallabi, Dhaka against the loan I applied for. Mentionable here that I have been maintaining a CD A/C of Haitan Properties Ltd. With you since March 2004. In the above circumstances I would like to request you to allow us a 18 months Term loan of Tk. 60.00 lac at your earliest possible time in order to complete the project in time. Thanking you. M.A. Elahi Shimul Managing Director