MASTERS CAPITAL INC.

By signing this agreement, we hereby mutually and irrevocably agree not to divulge each other’s named sources and not to circumvent, either directly or indirectly, the relationships either directly or indirectly that each party has with their named sources, principals, agents, brokers and associates and also hereby confirm that the identities or the banks, lending institutions, corporations, individuals, and/or trusts, syndicates, lenders, borrowers, buyers, sellers, agents or brokers currently the property of the introducing signatory and shall remain so for the duration of this agreement and they shall not be disclosed except by written permission granted by the introducing party.

This agreement shall be effective for five (5) years from the date of this agreement and is to be applied to any and all transactions that may be entertained by signatories, including subsequent renewals, extensions, renegotiations, additions, rollovers, or parallel or third party agreements of the same including transactions which involve parent, subsidiary and/or companies or entities. It also covers initial transaction, regardless of the success of the project.

Should circumvention be attempted, in addition to other legal remedies, fee or compensation equal to those paid, committed or agreed to be paid per unit in the original agreement (s) are due and payable. It is agreed and acknowledged by the signatories that mutual consideration exists and that this agreement is a reciprocal one between signatories concerning their mutual information and contacts and that is shall be binding on the parties hereto, their assigns, employee, representatives, agents, heirs and successor(s) that signatories on facsimile transaction will have the same effect as originals.

Agreed to on this ? day of  ? 1999.

Masters Capital Inc.

Address: ______________________

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