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<br /> <br />Ms. Gwen Fraser <br />January 16, 1992 <br />Page 2 <br />We are forwarding a copy of this letter contemporaneously <br />with transmittal to you to Messrs. Munn and Johnson. We would be <br />happy to work with either of your legal representatives in <br />finalizing and documenting a sale. <br />Very truly yours, <br />VRANESH ISCH n <br />By 1 <br />JRH/jeg <br />cc: Clayton "Swede" Johnson, Esq. <br />Rodney Knutson, Esq. <br />James Munn, Esq. <br />Mr. Mark Steen <br />stem\fraserif <br />