Sheldon R. and Phyllis Milenbach, et al. - Page 5

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          (LAMCC) for a lease to play home games in the Los Angeles                   
          Memorial Coliseum (LA Coliseum).  On March 1, 1980, the Raiders             
          entered into a memorandum of agreement (1980 MOA) with the LAMCC.           
          This agreement provided for a $16.5-million loan to the Raiders.            
          Repayment was to be made in 30 equal annual payments with                   
          interest at 7 percent.  Under the terms of the 1980 MOA, the                
          Raiders were allowed to construct luxury suites (suites) that               
          they would own.  The Raiders agreed to begin playing their home             
          games in the LA Coliseum at the start of the 1980 NFL season.               
               When the Raiders’ move to Los Angeles was announced, the               
          City of Oakland (Oakland) filed an action against the Raiders in            
          eminent domain seeking to condemn for public use the Raiders’ NFL           
          franchise, business, and physical assets.  Oakland obtained a               
          temporary restraining order, and subsequently a preliminary                 
          injunction, prohibiting the Raiders from relocating the team and            
          playing their home games anywhere but the Oakland Coliseum.                 
               At approximately the same time the Oakland suit was filed,             
          the NFL filed suit against the Raiders seeking enforcement of the           
          NFL constitution and bylaws.  The NFL claimed the Raiders were              
          required to obtain the necessary votes of the other NFL members             
          before the team could be relocated.  The NFL obtained a temporary           
          restraining order, and subsequently a preliminary injunction,               
          prohibiting the Raiders from relocating the team and playing                
          their home games anywhere but the Oakland Coliseum.                         






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