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Hunter: This is a summary of our telephone conference with Roland Coston,
Sam Morison, Jim Biden, and Thomas Thornhill. The original deal offering
has changed due to circumstances related to us by Thomas Thornhill. One of
the original Buyers has changed his order to require only domestic blended
fuel. This will reduce our original contract to two Buyers who are
committing to purchase 36 million barrels each for a total of 72 million
barrels. The result is a reduction in the initial deposit to twenty million
one hundred sixty thousand dollars ($20,160,000.00). That is the total
deposit required no matter how much the Buyers increase the order. It was
related by Mr .Thornhill that we should expect both Buyers to increase
their order to 100 million gallons. Of note, Roland Coston agreed that in
the event the pricing affects the spread between the Joint Venture Partners
that Hudson West will receive its 2 cents per gallon margin and Trade Group
will absorb any short fall. Thornhill and this group will have a follow up
call at 8 am tomorrow morning to discuss any changes that may have occurred
overnight. Thornhill stated he believed he would have a final contract by
5pm tomorrow afternoon. Britt