ARGENT LTD.

1541 South Beretania Street , Suite 306

Honolulu, Hawaii 96826

Corporate Office (808) 983-1660, Fax (808) 983-1670

Sales Office (808) 734-1273, Fax (808) 734-1835, Email-chimind@prodigy.net

December 26, 2002

Mr. Todd R.Barber

President

REEF BALL DEVELOPMENT GROUP, LTD.

6916 22^ND Street West

Brandenton FL. 34207

RE: Letter of interest in Hawaii/Pacific-Rim business development

Dear Mr. Barber,

My name is Gordon Okamoto, Director, Argent Ltd. We are a Hawaii based business development corporation. About two years ago while working on a project I contacted your company in regards to your technologies and related businesses. At that time we were working under unfavorable political

conditions and the project was shelved. With a new “business-friendly” governor and administration we

would like to resume our interest in business development with RBDG.

With family ties in the funeral business I thought that the initial business opportunity would be through Eternal Reefs. What a beautiful concept! I think many of the other applications and concepts you’ve developed are applicable here. As stated, we are interested developing this business in Hawaii, the Pacific-Rim, and perhaps in Asia. Would RBDG joint-venture with us or license the technologies and marketing rights?

I have requested more detailed information on your Eternal Reefs concept through the website and look forward to discussing the possibilities with you.

Sincerely,

Gordon Okamoto

Director