Subject: "Days Out of Office".

Body: I will be out of the office Wednesday through Friday, March 15-17 to be with my children during part of their spring break. We will be in town, so I can be reached either at home (281-370=8568) or on my cell phone (713-417-1591). I will check voice mail messages during this time period, but probably once or twice a day. I will be in the London office next week. I will be in that office from about noon on Monday through the end of the day on Thursday. Patti will have a schedule of my appointments while I am there, and she will have an international cell phone number that I will have with me throughout the trip. Contact her if you need to speak directly with me. I will be responding to voice mail frequently throughout the week. I will be travelling back to Houston on Friday, March 24 (leaving my hotel in London around 1 AM Houston time). I will see you back in the office on Monday, March 27.

Subject: "attorney workload".

Body: Mark: When you have a few minutes, I'm glad to discuss continuing "training" and balancing workloads. Mary has no one to unload Canada and structured transactions (Global Finance) since Carol does not have time for either. Angela has no time for equity deals. I think we need a backup for each. Perhaps Anne Koehler fits the bill. Or Cheryl. Each of Anne and Cheryl need ISDA experience. I don't know Francisco's longer term schedule and maybe you need to speak with him and/or Mark Haedicke about his contined international workload. This could turn into a "Yao long term project."

Subject: "Contact Info".

Body: I have enjoyed my years working with all of you. Hopefully, our paths will continue to cross in the future. Since our days may be numbered, below is my personal contact info. Best of luck in the future.

Subject: "Deerfield Guarantee".

Body:
Bart: This is Fred. I am working on Kathleen's computer to facilitate easy Livelink access. It appears that an Unconditional Guarantee Agreement was executed between the City of Deerfield and DBEC, L.L.C. prior to the execution of the Agreement Related to The Use and Development of Real Property (dated June 29, 2001). We do not have a copy of the executed version of the Guarantee Agreement, but Greenberg & Traurig should have one. The Guarantee Agreement obligates DBEC to make a non-refundable payment on or before 9/30/01 (this payment was made) and a second payment of $1,000,000 "subsequent to DBEC's application but prior to its receipt of the first building permit or engineering work permit for the Facility". Kay has more detailed knowledge of this Guarantee and other Deerfield and Pompano documents through her role in the development of these projects. Please call her for specific information on project Agreements. Call Kathleen or I if we can help in this process. Fred