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<page> Formula Ventures September 12, 2000 To: Leonardo Berezovski, CFO Constellation 3d, Inc. From: Shai Beilis, Formula Ventures, L.P. Re: Loan Conversation Please Convert the Outstanding Loan (Originally $600,000) to 380,000 Shares That Will Be Registered for Trading in the Next Coming Registration of the C3d Inc. Shares. the Shares Should Be Allocated to the Following Entities: Formula Ventures L.P. 242,326 Fv-Peh L.P. 68,628 Formula Ventures (Israel) L.P. 69,045 380,000 Please Approve These Terms by Return Fax. We'll Prepare a More Detailed Legal Document for the Signatures of Both Parties Next Week. Best Regards, /S/ Shai Beilis - Shai We Approve the Conversation at the Terms Above: Constellation 3d Inc. - 11 Galgalei Haplada, P. O. Box 2062 Herzliya, 48120, Israel Office@formulaventures.com / Tel: +972 9 960 1800 / Fax +972 9 960 1818
