Dear Udachu Group Members,

As most of you have already been informed that the funds that fall
under the Vielko Cielo Corporation Panama known as Silver Gate Forex
Hedging, Udachu Invest and Udachu Fund has been sold to a third party.
The purpose of the third party is to close out each individual account
and dispense the member’s funds. The current form of payment is set
to be with E-Gold. However until there is sufficient legal proof that
E-Gold will be a safe medium they will be looking at all other
options.

An explanation of why the funds are closing is in order. Due to the
ever increasing legalities involved it is not profitable or prudent to
continue in this fashion. It has been the group’s goal to always make
sure that any investments carried the lowest possible risk. However,
risk comes in many forms. And it is decided that the over exposure and
speculation of these funds create more of a risk that it is worth to
continue.

The returning of funds is not a simple process, yet it is quite
doable. With any type of investment, such as volatile market trading,
real estate, venture capital etc., it is not possible to withdraw
funds as if it were in a bank account. In the sense of real estate,
the property must be sold. As with any real estate sale, a determined
sell offer has to be below current market value.

Venture capital is a little trickier, but can and will be done. In
the case of the Foreign Currency Market there may be offside positions
that need to wait for market correction to be in profit. There may be
locked trades where a position is hedged and the market needs to swing
one way or the other to get out with profit. All in all, it is not
just a matter of closing a bank account and withdrawing the money.

How will the funds will be returned? As each aspect is liquidated it
will free up cash. As it is received, it will be returned to the
members on a monthly basis based on the percentage of stake you have
total in each or any fund. We feel that this is the quickest and
safest way to having all funds returned. There is no way to answer
with any accuracy how fast this process will take. We can only assure
you that is in our best interest as much as it is yours to have the
process done as quickly and efficiently as possible.

We know that most of you are very disappointed to see such a
successful program go. I assure you that Udachu Group and the Silver
Gate Board are hard at work creating new and better things. We have
outgrown our position as an HYIP and have moved on to much bigger,
better and more strictly regulated structures that will continue to
provide opportunities for investors.

Because of legal issues with registered Hedge Funds, Mutual Funds
and similar investments, we are only able to accept the legal
definition of accredited investors, which are $100,000 USD minimums.
Some of the Silver Gate Board Members have been working on a smaller
fund for the “little guys” so to speak. This fund is in no way
attached to Udachu or the Silver Gate Board.

This is something that has been set up as an alternative for those
that are looking to remain in this type of business. I cannot speak on
behalf of them as I am not involved in their group. However, I can say
that I have worked closely with them for years and a better fund
structure has never come across my desk. We have agreed to let those
that are having their funds returned, if they wish, have their money
be directly deposited in an account with this new fund. It is my
understanding that their fund will not accept too many members but
first priority will go to Udachu Group members. For further
information you will have to contact them. Your information will only
be passed on at your request.

In order to expedite this procedure we will need you to reply to this
email with your accurate account information.

1) The Name you used when opening your account
2.) Email associated with this account
3.) Account ID number if known.
4.) E Gold account number (we will notify if there is another payment
system)
5.) Would you like more information about direct deposit into the new
fund?

As we will make every effort to conclude this business in a timely
manner, we must remind you that until funds are in cash form, there is
still the inherent risks associated with any and all investments as
always. We will update you with further news prior to June 1st 2007

Please electronically sign that you accept the terms of this agreement
and reply to refund@udachufnd.com

Type Name Here _____________________________

Regards,
Udachu Administration