Lowell L. and Marilyn A. Robertson - Page 6




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             Foreign Equipment between Systems and Equilease C.V.  We                 
             shall refer to all Equilease entities as Equilease.  Under               
             each master lease, Systems, as lessor, leased the equipment              
             to Equilease, as lessee, and assigned to Equilease all of                
             the lessor's rights under the initial user leases.  The                  
             term of both master leases was 96 months.  In return,                    
             Equilease agreed to pay fixed rent, contingent rent, and                 
             taxes.  Generally, fixed rent refers to the rent to be paid              
             by Equilease.  The amount of the fixed rent was equal to                 
             the payments the Trust was required to make under the Trust              
             Note, as further discussed below.  Contingent rent refers                
             to the rent that might be received from re-leasing the                   
             equipment between expiration of the initial user leases                  
             and the end of the master leases.  Under the terms of the                
             master leases, the Trust and Equilease shared any                        
             contingent rent.                                                         
                  Under the Sale Agreement, the Trust purchased an                    
             interest in the subject computer equipment and received                  
             assignment of Systems' interest in the master leases.                    
             The stated purchase price was $5,170,392.  The Trust                     
             paid Systems $954,000 in cash, of which $917,392 was                     
             characterized as a downpayment and $36,608 was                           
             characterized as a prepayment of interest due on the                     
             Trust Note in 1983.  The Trust issued a promissory note                  






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