David Legault

2938 West Bay Drive

Suite A

Belleair Bluffs, FL 33770

RE: Non-Binding Letter of Intent

49er Industrial Park, Clearwater, Florida

Dear Mr. Legault:

Please accept this as a Non-Binding Letter of Intent for the above referenced property:

2. Due Diligence Period: 30 Days after acceptance execution by all parties

3. Closing: 30 days after due diligence period

4. Terms & Conditions: CASH at Closing

5. Sold "AS IS" no representations, warranties

6. Security Deposit: $100,000.00

7. Bank reference - Name, phone number

This offer shall expire on __________________, if not executed by both parties.

Sincerely,                                                                      ACCEPTED:

David Legault

Court Appointed Receiver                                             Dated: ______