MEMO

TO: KUBU PROJECT MEMBERS AND BTF FRIENDS

The BTF team has already completed building the new access road.

The KUBU Project is gaining enthusiastic support from local community, and we are starting to get positive media exposure as well.

The YAK Magazine is planning story for the June issue, to be followed also by BaliTV and Singapore TV.

Subleases for the first 7 hectares BTF lots expected to be signed week of February 21.

Expected completion of planting of first 7 hectares lots around March 15, 2008, with some infra structural work to be completed after (some of the water tanks, strictly not necessary until beginning of dry season, expected not earlier than mid April). March weather expected very favorable for planting (average daily rain expected).

We will keep you updated.

The BTF/KUBU Team