ABSTRACT

Revised October 11, 2001 Organized by:

USA 5 June 2001 International Center for Dispute Resolution American Arbitration Association 1633 Broadway 10th Floor New York, NY 10019-6708 USA Dear Sirs: I represent Futura Investment Bank, which hereby gives notice that it wishes to commence an arbitration against West Equatoriana Bobbins SA under the American Arbitration Association International Arbitration Rules. A copy of this letter with the Notice of Arbitration has been sent to West Equatoriana Bobbins SA as called for in Article 2.1 of the Rules. Futura Investment Bank became the assignee of the right to receive the payments due from West Equatoriana Bobbins SA to Tailtwist Corp under a contract dated 1 September 1999. The contract between West Equatoriana Bobbins SA and Tailtwist Corp included an arbitration clause providing for arbitration by the American Arbitration Association. Futura Investment Bank claims as assignee of the rights of Tailtwist Corp. I enclose five copies of the Notice of Arbitration with its supporting exhibits. I also enclose US$8,500 for the Initial Filing Fee as an advance payment on the administrative costs, as provided in the Rules. Sincerely,

(Signed) Counsel for Futura Investment Bank

Claimant

v West Equatoriana Bobbins SA

Respondent

NOTICE OF ARBITRATION I Parties 1 Futura Investment Bank (hereafter referred to as ‘INVESTMENT’) is a

corporation organized under the laws of Mediterraneo. It has its principal office at 395 Industrial Place, Capitol City, Mediterraneo. The telephone number is 483-5800 and the fax number is 483-5810. INVESTMENT is an investment bank with interests in numerous countries.