Document:

EXHIBIT 10.15.05

COMPASS BANK

                                 LOAN AGREEMENT

         This Loan Agreement (the "Agreement")  dated as of June 1, 2000, by and
between  COMPASS  BANK  ("Bank")  and ROBERTS  PROPERTIES  RESIDENTIAL,  L.P., a
Georgia limited partnership (the "Borrower").

         In  consideration  of the Loan described below and the mutual covenants
and agreements  contained herein, and intending to be legally bound hereby, Bank
and Borrower agree as follows:

     1.  DEFINITIONS AND REFERENCE TERMS. In addition to any other terms defined
         herein,  the  following  terms  shall have the  meaning  set forth with
         respect thereto:

         A.   Loan.  Any loan  described in Section 2 hereof and any  subsequent
              loan which states that it is subject to this Loan Agreement.

         B.   Loan  Documents.  Loan Documents means this Loan Agreement and any
              and all promissory notes executed by Borrower in favor of Bank and
              all other  documents,  instruments,  guarantees,  certificates and
              agreements executed and/or delivered by Borrower, any guarantor or
              third party in connection with any Loan.

         C.   Accounting Terms. All accounting terms not specifically defined or
              specified herein shall have the meanings  generally  attributed to
              such  terms  under  generally   accepted   accounting   principles
              ("GAAP"),  as in effect from time to time,  consistently  applied,
              with respect to the  financial  statements  referenced  in Section
              3.F. hereof.

     2.  LOAN.  Bank  hereby  agrees to make (or has made) one or more  loans to
         Borrower in the  aggregate  principal  face amount of  $2,000,000.  The
         obligation  to repay the loans is  evidenced  by a  promissory  note or
         notes dated as of June 1, 2000 (the  promissory  note or notes together
         with any and all renewals,  extensions or rearrangements  thereof being
         hereafter  collectively  referred to as the  "Note")  having a maturity
         date,  repayment  terms and interest rate as set forth in the Note. The
         Loan  provides for a revolving  line of credit (the "Line") under which
         Borrower may from time to time, borrow, repay and re-borrow funds.

     3.  REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants
         to Bank as follows:

         A.   Good Standing. Borrower is a limited partnership,  duly organized,
              validly  existing and in good  standing  under the laws of Georgia
              and has the power and  authority  to own its property and to carry
              on its  business  in each  jurisdiction  in  which  Borrower  does
              business.

<PAGE>

         B.   Authority and Compliance. Borrower has full power and authority to
              execute and deliver  the Loan  Documents  and to incur and perform
              the obligations  provided for therein, all of which have been duly
              authorized by all proper and necessary  action of the  appropriate
              governing  body of Borrower.  No consent or approval of any public
              authority  or other third party is required as a condition  to the
              validity  of  any  Loan  Document,  and  Borrower,  to  Borrower's
              knowledge,   is  in  compliance   with  all  laws  and  regulatory
              requirements to which it is subject.

         C.   Binding  Agreement.  This  Agreement and the other Loan  Documents
              executed  by  Borrower   constitute   valid  and  legally  binding
              obligations  of Borrower,  enforceable  in  accordance  with their
              terms.

         D.   Litigation.  There is no proceeding involving Borrower pending or,
              to the  knowledge  of  Borrower,  threatened  before  any court or
              governmental  authority,  agency or arbitration  authority,  which
              would  have a  material  adverse  affect  on  Borrower,  except as
              disclosed to Bank in writing and acknowledged by Bank prior to the
              date of this Agreement.

         E.   No  Conflicting  Agreements.  There is no  charter,  bylaw,  stock
              provision,  partnership  agreement or other document pertaining to
              the organization,  power or authority of Borrower and no provision
              of any existing agreement, mortgage, indenture or contract binding
              on  Borrower  or  affecting  its  property,  which  would  have  a
              materially  adverse effect on the execution,  delivery or carrying
              out of the terms of this Agreement and the other Loan Documents.

         F.   Financial   Statements.   The  financial  statements  of  Borrower
              heretofore delivered to Bank have been prepared in accordance with
              GAAP applied on a consistent  basis throughout the period involved
              and fairly present Borrower's  financial  condition as of the date
              or dates thereof. All factual information furnished by Borrower to
              Bank  in  connection  with  this  Agreement  and  the  other  Loan
              Documents  is and will be accurate  and complete on the date as of
              which such  information  is  delivered to Bank and is not and will
              not be incomplete  by the omission of any material fact  necessary
              to make such information not misleading.

         G.   Continuation    of    Representations    and    Warranties.    All
              representations  and warranties made under this Agreement shall be
              deemed  to be made at and as of the date  hereof  and at and as of
              the date of any advance under any Loan.

     4.  AFFIRMATIVE  COVENANTS.  Until  full  payment  and  performance  of all
         obligations of Borrower under the Loan Documents, Borrower will, unless
         Bank   consents   otherwise  in  writing  (and  without   limiting  any
         requirement of any other Loan Document):

         A.   Financial    Condition.    Maintain   its   financial    condition
              substantially as it exists as of the date of this Agreement.

                                       2
<PAGE>

         B.   Financial  Statements and Other Information.  Maintain a system of
              accounting  satisfactory  to  Bank  and in  accordance  with  GAAP
              applied on a  consistent  basis  throughout  the period  involved,
              permit Bank's officers or authorized  representatives to visit and
              inspect  Borrower's  books of  account  and other  records at such
              reasonable  times and as often as Bank may desire.  Unless written
              notice of another location is given to Bank,  Borrower's books and
              records will be located at Borrower's  chief executive  office set
              forth above.  All financial  statements  called for below shall be
              prepared in form and content acceptable to Bank and by independent
              certified public accountants.

         C.   Existence and  Compliance.  Maintain its existence,  good standing
              and  qualification to do business,  where required and comply with
              all laws,  regulations and  governmental  requirements  including,
              without limitation,  environmental laws applicable to it or to any
              of its property, business operations and transactions.

         D.   Adverse  Conditions or Events.  Promptly advise Bank in writing of
              (i) any condition,  event or act which comes to its attention that
              would materially  adversely affect Borrower's  financial condition
              or operations or Bank's rights under the Loan Documents,  (ii) any
              litigation filed by or against Borrower that would have a material
              adverse  affect,  and (iii) any event that has occurred that would
              constitute an event of default under any Loan Documents.

     5.  DEFAULT.  Borrower  shall be in default under this  Agreement and under
         each of the other Loan  Documents if it shall default in the payment of
         any  amounts  due and owing  under the Loan or should it fail to timely
         and properly observe, keep or perform any term, covenant,  agreement or
         condition  in any Loan  Document or in any  promissory  note,  or other
         contract securing or evidencing payment of any indebtedness of Borrower
         to Bank or any affiliate or subsidiary of Bank.

     6.  REMEDIES UPON DEFAULT.  If an event of default shall occur,  Bank shall
         have all rights,  powers and remedies  available under each of the Loan
         Documents  as well as all rights and  remedies  available  at law or in
         equity.

     7.  COSTS,  EXPENSES  AND  ATTORNEYS'  FEES.  Borrower  shall  pay to  Bank
         immediately  upon  demand  the full  amount of all costs and  expenses,
         including  actual  attorneys'  fees , incurred  based on the attorney's
         normal  hourly  rate  and  the  number  of  hours  worked  and  not the
         attorneys' fees statutorily defined in O.C.G.A.  ss.13-1-11 incurred by
         Bank  in  connection  with  (a)  negotiation  and  preparation  of this
         Agreement and each of the Loan  Documents,  and (b) all other costs and
         attorneys'  fees  incurred by Bank for which  Borrower is  obligated to
         reimburse Bank in accordance with the terms of the Loan Documents.

     8.  MISCELLANEOUS. Borrower and Bank further covenant and agree as follows,
         without limiting any requirement of any other Loan Document:

                                       3
<PAGE>

         A.   Cumulative  Rights and No Waiver.  Each and every right granted to
              Bank under any Loan Document, or allowed it by law or equity shall
              be  cumulative  of each other and may be  exercised in addition to
              any and all other rights of Bank,  and no delay in exercising  any
              right shall operate as a waiver  thereof,  nor shall any single or
              partial exercise by Bank of any right preclude any other or future
              exercise  thereof or the  exercise  of any other  right.  Borrower
              expressly waives any presentment,  demand, protest or other notice
              of any  kind,  including  but not  limited  to notice of intent to
              accelerate and notice of  acceleration.  No notice to or demand on
              Borrower in any case  shall,  of itself,  entitle  Borrower to any
              other  or  future   notice  or   demand   in   similar   or  other
              circumstances.

         B.   Applicable Law. This Loan Agreement and the rights and obligations
              of the parties  hereunder  shall be governed by and interpreted in
              accordance  with the laws of Georgia and applicable  United States
              federal law.

         C.   Amendment.  No modification,  consent,  amendment or waiver of any
              provision of this Loan Agreement,  nor consent to any departure by
              Borrower therefrom, shall be effective unless the same shall be in
              writing  and  signed  by an  officer  of Bank,  and then  shall be
              effective  only in the specified  instance and for the purpose for
              which given.  This Loan  Agreement is binding upon  Borrower,  its
              successors  and  assigns,  and inures to the benefit of Bank,  its
              successors and assigns;  however,  no assignment or other transfer
              of Borrower's rights or obligations  hereunder shall be made or be
              effective  without  Bank's  prior  written  consent,  nor shall it
              relieve Borrower of any obligations  hereunder.  There is no third
              party beneficiary of this Loan Agreement.

         D.   Documents.  All documents,  certificates  and other items required
              under this Loan Agreement to be executed and/or  delivered to Bank
              shall be in form and content satisfactory to the parties and their
              counsel.

         E.   Partial  Invalidity.  The  unenforceability  or  invalidity of any
              provision   of  this  Loan   Agreement   shall  not   affect   the
              enforceability  or validity of any other provision  herein and the
              invalidity  or  unenforceability  of any  provision  of  any  Loan
              Document  to any  person  or  circumstance  shall not  affect  the
              enforceability  or validity of such  provision  as it may apply to
              other persons or circumstances.

         F.   Survivability.  All  covenants,  agreements,  representations  and
              warranties  made  herein  or in the  other  Loan  Documents  shall
              survive  the making of the Loan and shall  continue  in full force
              and effect so long as the Loan is outstanding or the obligation of
              the Bank to make  any  advances  under  the  Line  shall  not have
              expired.

     9.  NO ORAL AGREEMENT.  This written Agreement and the other Loan Documents
         represent  the  final  agreement  between  the  parties  and may not be
         contradicted by evidence of prior,  contemporaneous  or subsequent oral
         agreements of the parties.

                                       4
<PAGE>

     IN  WITNESS  WHEREOF,  the parties  hereto have caused this Agreement to be
         duly executed under seal by their duly authorized representatives as of
         the date first above written.

BANK:                                      BORROWER:

COMPASS BANK                               ROBERTS PROPERTIES RESIDENTIAL, L.P.,
                                           a Georgia limited partnership

                                           By: ROBERTS  REALTY   INVESTORS,
                                               INC.,  its  general partner

By:  /s/ John L. Davis                       By: /s/ Charles R. Elliott
     --------------------                        -------------------------------
 Name:  John L. Davis                        Name: Charles R. Elliott
 Title: Senior Vice President                Title: Chief Financial Officer

                                                          [CORPORATE SEAL]

                                       5EXHIBIT 10.15.06

Compass
Bank

                               CONTINUING GUARANTY

                                   (UNLIMITED)

    (1) FOR VALUABLE  CONSIDERATION,  the receipt and  sufficiency  of which are
hereby   acknowledged,   the  undersigned   (hereinafter   called   "Guarantor")
unconditionally  guaranties  and  promises to pay to COMPASS  BANK  (hereinafter
called  '"Bank")  or order in lawful  money of the  United  States,  any and all
Indebtedness  of  ROBERTS  PROPERTIES  RESIDENTIAL,   L.P.,  a  Georgia  limited
partnership  (hereinafter called "Borrower") to Bank. The word 'Indebtedness" is
used herein in its most  comprehensive  sense and includes any and all advances,
debts,  obligations  and  liabilities of Borrower to Bank,  heretofore,  now, or
hereafter existing,  made, incurred or created, whether voluntary or involuntary
and however arising, whether due or not due, absolute or contingent,  liquidated
or  unliquidated,  determined  or  undetermined,  not limited to, but  including
principal,  interest,  cost of collection,  attorney's fees and all other lawful
charges, and whether Borrower may be liable individually or jointly with others,
or whether recovery upon such  Indebtedness  maybe or hereafter become barred by
any statute of limitations, or whether such Indebtedness may be now or hereafter
become otherwise unenforceable.

    (2) The  liability  of  Guarantor  shall be  unlimited  and shall  cover all
Indebtedness of Borrower to Bank. This is a continuing  guaranty relating to any
Indebtedness, including Indebtedness arising under successive transactions which
shall either continue Indebtedness or from time to time renew Indebtedness after
such Indebtedness has been satisfied. This Guaranty shall remain in effect until
Bank's written  acknowledgment of Bank's receipt of written notice of revocation
by  Guarantor  as to future  transactions,  and even after  Bank's  receipt  and
acknowledgment  or  revocation,  this  Guaranty  shall  remain  effective  as to
Indebtedness  then  outstanding,  and as to all advances or extensions of credit
made to or on behalf of Borrower  subsequent  thereto pursuant to any commitment
or credit  arrangement  relating  to any  Indebtedness  in effect at the time of
Bank's  acknowledgment  of revocation  which  commitment  or credit  arrangement
permits,  provides  for or  obligates  Bank to make such advance or extension of
credit,  including any construction  loan, line of credit or letter of credit. A
notice  of  revocation  shall be  effective  only with  respect  to those of the
Guarantors  (if more than one) as shall  have  given  notice  of  revocation  as
specified herein.  Notwithstanding anything to the contrary contained or implied
herein or in any other document, this Guaranty may not be revoked or terminated,
other  than with the prior  written  consent  of the Bank,  except  upon  strict
compliance  with the  conditions and  requirements  heretofore set forth in this
Section (2), and this  Guaranty will not be revoked or terminated by any action,
event or circumstance,  including payment in full of all of the Indebtedness. In
the event any sums or other things of value that are paid or  transferred  to or
otherwise  received  by  the  Bank  are  rescinded,  recovered,  required  to be
returned,  set aside, rendered void or otherwise adversely affected in any legal
proceeding  or for any  cause  whatsoever,  including  under  any  law,  rule or
regulation  relative to bankruptcy,  insolvency,  fraudulent  transfers or other
relief of debtors, then this Guaranty shall continue to be effective or shall be
revived  and  reinstated,  as  necessary  in order to give  full  effect  to the
Guarantor's liability hereunder, to the same extent as if such payment, transfer
and/or  receipt had never  occurred.  This Guaranty  shall not release,  modify,
revoke or terminate  any other  guaranty  heretofore  or  hereafter  executed by
Guarantor;  nor shall any other  guaranty  heretofore  or hereafter  executed by
Guarantor release,  modify,  revoke or terminate this Guaranty unless such other
guaranty  specifically  refers to this  Guaranty and the release,  modification,
revocation or termination (as applicable) is accepted by Bank in writing.

    (3) The  obligations  of the  Guarantor  hereunder  are  independent  of the
obligations  of  Borrower,  and a separate  action or actions may be brought and
prosecuted  against the Guarantor  whether action if brought against Borrower or
whether the Borrower or Guarantor is joined in any such action or actions.

    (4) It is the intent hereof that this  obligation of Guarantor  shall be and
remain  unaffected,   (a)  by  the  existence  or  non-existence,   validity  or
invalidity, of any pledge, assignment or conveyance given as security; or (b) by
any understanding or agreement that any other person, firm or corporation was or
is to  execute  this or any  other  guaranty,  any of the notes  evidencing  the
Indebtedness, or any part thereof, or any other document or instrument or was or
is to provide  collateral for any Indebtedness;  or (c) by resort on the part of
Bank,  or  failure of Bank to resort,  to any other  security  or remedy for the
collection  of  said  Indebtedness;  or  (d) by the  bankruptcy,  insolvency  or
dissolution of the Guarantor,  the Borrower or any other person,  and in case of
any such bankruptcy, the failure of Bank to file a claim against such bankrupt's
estate,  or the failure of Bank  otherwise to seek remedies as a consequence  of
such events.

    (5) The  Guarantor  authorizes  Bank,  without  notice or demand and without
affecting the Guarantor's  liability hereunder,  from time to time to (a) renew,
compromise,  extend,  accelerate,  restate,  consolidate,  replace, refinance or
otherwise  change the time for payment of, or otherwise change the terms of, the
Indebtedness or any part thereof, including increasing or decreasing the rate of
interest thereof; (b) take and hold security for the payment of this Guaranty or
any of the Indebtedness and/or exchange,  modify, enforce, waive and release any
such  security;  (c) apply such  security and direct the order or manner of sale
thereof  as  Bank  in its  discretion  may  determine;  and/or  (d)  release  or
substitute the Borrower or other obligors, endorsers or guarantors of all or any
part of the Indebtedness (including, without limitation, the Guarantor).

      (6) The Guarantor  waives any right to require Bank (a) to proceed against
the Borrower; (b) to protect,  preserve, proceed against or exhaust any security
held  from  Borrower;  or (c)  to  pursue  any  other  remedy  in  Bank's  power
whatsoever. The Guarantor waives any defense arising by reason of any disability
or other defense of the Borrower or Guarantor (including any defense based on or
arising  out of the  unenforceability  of any part of the  Indebtedness  for any
cause whatsoever) or by reason of the cessation from any cause whatsoever of the
liability of the Borrower or Guarantor.  Until all Indebtedness  shall have been
paid in full, Guarantor shall not have any rights of subrogation, reimbursement,
contribution  or indemnity or any right of recourse to any assets or  properties
of the  Borrower,  and the  Guarantor  waives (i) all such  rights,  if any,  of
subrogation, reimbursement, contribution, indemnity and recourse, (ii) any right
to enforce  any remedy  which Bank now has or may  hereafter  have  against  the
Borrower or the Guarantor and (iii) any benefit of, and any right of recourse to
or to  participate  in any security  now or hereafter  held by Bank or otherwise
constituting   collateral  for  any  Indebtedness.   The  Guarantor  waives  all
presentments,  demands for  performance,  notices of  nonperformance,  notice of
acceleration,  notice of intent to  accelerate,  protests,  notices of  protest,
notices of  dishonor,  and notices of  acceptance  of this  Guaranty  and of the
existence, creation, or incurrence of new or additional Indebtedness, and waives
any  rights  or  defenses  based,  in whole or in part,  upon an  offset  by the
Borrower or Guarantor  against any

<PAGE>

obligation  or  Indebtedness  now  or  hereafter  owed  to the  Borrower  or the
Guarantor (including to the Guarantor by the Borrower). The Guarantor waives the
benefit of any statute of limitations or other defenses affecting the Borrower's
liability for the  Indebtedness or the enforcement  thereof or such  Guarantor's
liability hereunder or the enforcement thereof, and the Guarantor further agrees
that any payment by the Borrower or other circumstances that operate to toll any
statute of  limitations  as to the  Borrower  shall  operate to toll  statute of
limitations  as to the Guarantor.  The Guarantor  waives any rights to exemption
under the  constitution  of the State of  Alabama  or any other  state as to any
indebtedness or obligation created hereunder.

    (7) In  addition to all liens upon,  and rights of setoff  against,  moneys,
securities or other  property of the Guarantor  given to Bank by law, Bank shall
have and  hereby is  granted a lien upon,  security  interest  in and a right of
setoff against all moneys, securities and other property of the Guarantor now or
hereafter  in the  possession  of or on  deposit  with Bank,  whether  held in a
general or special  account or deposit,  or for  safekeeping  or otherwise;  and
every such lien,  security  interest or right of setoff may be exercised without
demand upon or notice to the Guarantor.  No lien,  security interest or right of
setoff  shall be deemed to have been waived by any act or conduct on the part of
Bank,  or by failure to exercise such right of setoff or to enforce such lien or
security  interest,  or by any delay in so doing,  and every right of setoff and
lien shall  continue in full force and effect until such right of setoff or lien
specifically is waived or released in a written instrument executed by Bank.

    (8) Any indebtedness of the Borrower to the Guarantor, whether now existing,
hereafter arising,  secured or unsecured, and if secured, the security for same,
hereby is subordinated to the Indebtedness;  and such subordinated indebtedness,
if Bank so requests, shall be collected, enforced and received by such Guarantor
as trustee for Bank and be paid over to Bank on account of the  Indebtedness but
without reducing or affecting in any manner the liability of the Guarantor under
this Guaranty.

    (9) Where the Borrower or Guarantor are  corporations,  partnerships,  joint
ventures,  trusts,  limited  liability  companies,   business  organizations  or
enterprises,  it shall not be  necessary  for Bank to inquire  into the power or
authority  of  Borrower  or  Guarantor  or the  officers,  directors,  partners,
trustees or agents acting or purporting to act on their behalf.

    (10)  Guarantor  shall pay  attorney's  fees actually  incurred based on the
attorney's  normal  hourly  rate  and the  number  of hours  worked  and not the
attorneys' fees statutorily  defined in O.C.G.A.  ss.13-1-11 and all other costs
and expenses which are incurred by Bank in the enforcement of this Guaranty.

    (11) No right or power of Bank hereunder shall be deemed to have been waived
by any act or  conduct  or failure or delay to act on the part of Bank or any of
its agents,  employees or  representatives;  and the terms and provisions hereof
may not be waived,  altered,  modified, or amended except in writing duly signed
by a duly authorized  officer of the Bank. In the event that Bank shall waive in
writing any provision or requirement  hereunder,  such waiver shall be effective
only for the  specific  purposes,  circumstances  and  duration  stated  in said
waiver.  Bank may without  notice  assign this  Guaranty in whole or in part and
each  reference  herein to Bank shall be deemed to include  its  successors  and
assigns.  The  provisions of the Guaranty are binding upon the Guarantor and the
legal representatives, personal representatives,  successors and assigns thereof
and  shall  inure to the  benefit  of the Bank  and each of its  successors  and
assigns.  THIS GUARANTY AND THE RIGHTS AND  OBLIGATIONS OF THE GUARANTOR AND THE
BANK HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE  STATE OF  GEORGIA.  The  Guarantor  acknowledges  that any  cause of action
arising  under this  Guaranty  will be a cause of action  arising from a Georgia
transaction  and that it is foreseeable  that this Guaranty and the  performance
hereof have and will have significant effects in the State of Georgia,  and that
Guarantor's  execution  of this  Guaranty  will  subject  Guarantor  to judicial
jurisdiction in the State of Georgia.  If any of the provisions of this Guaranty
or the application  thereof to any person or circumstance  shall, to any extent,
be invalid or  unenforceable,  the remainder of the provisions of this Guaranty,
or the  application of such provision or provisions to persons or  circumstances
other than those as to whom or which it is held invalid or unenforceable,  shall
not be affected thereby, and every provision of this Guaranty shall be valid and
enforceable  to the fullest  extent  permitted by law.  Except as expressly  set
forth in this Guaranty,  this Guaranty is the entire  agreement of the Guarantor
and the Bank with respect to the guarantee of the  Indebtedness by the Guarantor
and no  representation,  understanding,  promise  or  condition  concerning  the
subject  matter hereof shall be binding upon the Bank unless  expressed  herein.
Any notice by a Guarantor  to the Bank shall be  effective  only upon the actual
receipt thereof by an officer of Bank at the address specified below, and in the
event no such address is  specified,  at Bank's  principal  corporate  office in
Birmingham, Alabama, Attention: General Counsel.

    (12) This Guaranty is given under the seal of all parties hereto,  and it is
intended  that this  Guaranty is and shall  constitute  and have the effect of a
sealed instrument according to law.

                                       2
<PAGE>

IN WITNESS WHEREOF,  the undersigned  Guarantor has executed this Guaranty under
seal effective as of the 1st day of June, 2000.

                                   GUARANTOR:

8010 Roswell Road, Suite 120       Roberts Realty Investors, Inc., a Georgia
----------------------------       corporation
Atlanta, Georgia  30350

ADDRESS OF GUARANTOR               By:   /s/ Charles R. Elliott
                                         -----------------------------------
                                   Title: Chief Financial Officer
                                         -----------------------------------

                                                 [CORPORATE SEAL]

STATE OF Georgia )
COUNTY OF Hall )

         I,  Laurie  Heberle,  a Notary  Public  in and for such  County in said
State,  hereby  certify that Charles R. Elliott,  whose name as Chief  Financial
Officer  of  Roberts  Realty  Investors,   Inc.,  is  signed  to  the  foregoing
instrument,  and is known to me,  acknowledged before me on this day that, being
informed of the contents of the instrument,  he, as such Chief Financial Officer
and with full  authority,  executed the same  voluntarily  for and as the act of
said Chief Financial Officer on the day the same bears date.

         Given under my hand this 16th day of May, 2000.

                                      /s/ Laurie Heberle
                                     ------------------------------------------
                                      Notary Public

                                     My commission expires: 8/19/03
                                                          ----------------------

(NOTARIAL SEAL)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]