GE guaranty, opinion of counsel and letter of credit

In conversations with GE, it is their understanding that their guaranty will
not be transmitted until there is a fed ref number tomorrow. The opinion
letter will be faxed as soon as the GC is available, or Kent can sign for Dan
Rowley if that is acceptable. DRowley can sign originals on Thursday.

The LOC is in the works, and GE understands that 10% will be retained in
escrow until the LOC is delivered.

There will be three original opinions. There is one original guaranty, and
I'm not certain of GE's willingness to give more than that. Obviously, there
will be only one LOC.

Kay