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[TowerTalk] Update

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Subject: [TowerTalk] Update
From: (Alan Gray (agray))
Date: Tue, 04 Mar 1997 12:03:20 -0500
Dear Randy/Shyamal-

Spoke with Alan Gedrich a few minutes ago.  In a nutshell, his client's
position is:

1.   ICS security interest will be subordinated to up to $500,000 of funded
debt; and

2.  ICS's security interest will be limited to $192,000.

Call me at your earliest convenience to discuss.

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