Dear Mr. Hanks,

I am sorry to tell you that our Board of Directors have rejected your proposed business project to the company.

I have read your proposal and together with the other member of the Board of Directors, we discussed, deliberate, consider all possibilities and risks involved and after contemplation majority of us decided to reject it. It is not that we don’t like your proposal but there are things that are not compatible to our company goals. We consider to try other things but it will affect the entire business proposal.

I know that it is such a huge business proposal and offer wonderful points however the Board has decided collectively. I am sorry but I do wish that you continue making bright projects that we can finally accept. We might someday become partner after another try.

Thank you and God bless!

Truly yours,

Mr. Gerry S. Roth

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