Problem: BODY: Gentlemen, Due to some internal comments we have made some revisions to the land option agreement. The most significant change is that it is clear that the option payment is not refundable, and will not be applied against the purchase price. There is also a clarification in paragraph 9 (re assignment) that the assignee remains responsible for any liability arising prior to assignment. I believe we are ready to go forward with signature when you are. Please advise if this version is acceptable. Also, please let me know if you would like for me to have a redline version prepared. Kay
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A: SUBJECT: Land Option

Problem: BODY: Attached is a clean and redlined versions of the Gateway and Rio Nogales with the revisions we discussed. Please review and if acceptable, please forward to Pace. Merry Christmas.
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A: SUBJECT: Pace Interconnects

Problem: BODY: Jeff and John, Attached is the most recent draft of the reorg announcement. Cathy will have this ready to go out tomorrow, close of business. Please review again and mark up any changes that you believe are required. Please read the Per and Randy section carefully for errors and wording. JN, Please change wording for Randy's most recent assignment, i put something down as a marker. Also come up with a 1 sentence lead for Randy on the expected growth and opportunities around his efforts. Please read carefully for better wording and errors. Return to Cathy by 2 pm and we will make final changes and send it out at 6pm. Thanks,
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A:
SUBJECT: Reorg draft