18 July 2000

1) Rental can start any time after about August 7
2) Rental $1500 per month through Dec 31 2000 (prorated for initial partial month)
3) Rental $2500 per month after Dec 31 2000
4) Rental prorated for final month

5) During Rental, Repairs should be handled through Tedd Webber (Home Doctors)
   He should check "winterizing house" and other issues
   GCF will pay Tedd Webber a retainer of $250 per month to check house. Small items
   can be covered by this with renter responsible if exceed retainer and are less than
   $250 "capital limit"
6) all expenses greater than $250 responsibility of GCF
   smaller items responsibility of Renters

7) Willing to sell at very cheap price "bleached oak furniture" on main floor
   Need to know now before I ship
8) Willing (and happy) to leave 2 black cats.

9) $10,000 is to be placed in escrow and can be applied to cost of house if house purchased
   before March 31 2001. Otherwise $10,000 becomes property of GCF
10) House price $450K if closed before Dec 31 2000. $460K if closed after between Jan 1 2001
    and March 31 2001.
11) Rental agreement ends March 31 2001

12) Willing to give a loan to allow closing before Dec 31 2000 with loan to be repaid
    before June 30 2001. Loan has normal rates and comes out of "closing".
    Maximum loan is $150K

13) Real Estate Commission 6%
14) House taken off market until Dec 31 2000. If not sold then, will be placed on market
    and renter must allow potential buyers accompanied by Margaret Karim or approved
    agent to view house.
    House could be put on market at price greater than $460K. Price of $460K is guaranteed
    to renter through March 31 2001 ($450K through Dec 31 2000)
15) Some rules to cover what happens if offer from another party after Jan 1 2001 and
    before March 31 2001.