George Georgiou and Judith Georgiou A.K.A. Judy Georgiou, et al. - Page 15

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            Georgiou                                                                                       
                  In 1980, Kolonaki extended a line of credit of $500,000 to                               
            Georgiou, its sole shareholder.  The credit limit was                                          
            subsequently increased as follows:                                                             

             Date                                     Amount of Credit Limit                               
             Feb. 15, 1980                            $  500,000                                           
             Feb. 15, 1982                            1,000,000                                            
             Feb. 17, 1984                            1,500,000                                            
             Feb. 14, 1986                            2,000,000                                            
             June 30, 1988                            3,000,000                                            
             June 30, 1989                            5,000,000                                            


                  During the years in issue, transactions reflected in                                     
            Kolonaki's Account 121--Loan to Shareholder can be summarized as                               
            follows:                                                                                       

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