In Mark Baldwin's June 19 letter, he proposed the following fee schedule for project development: Retainer: $1000/month plus expenses Accepted project (meets TW's predetermined financial hurdles): Proposal $5000 Each month TW actively negotiating project: $1500/month (each project) Letter of Intent: $5000 Signed Agreement: $10,000 Incentive Fee: To be determined When I spoke with Mark, he explained that this schedule was based on reaching certain milestones in the development of individual projects. In his letter he also proposed monthly fees for regulatory services ($5000/mo.) and market development services (including SoCal OIR related services --

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