Subject: Response to your note of October 8, 2002 Date: Fri, 25 Oct 2002 09:10:13 -0700 (PDT) From: "George Salzman" To: "Boysen Hodgson and Jessamyn Smyth" Friday, October 25, 2002 Dear Jessamyn and Boysen, This responds to your note, Jessamyn, of October 8, 2002. I have given a great deal of thought to what you wrote and what you didn't write, both on Oct 8, 2002 and during the preceeding year. As I stated on October 5, 2002, my preference is not to demand full immediate amortization of the mortgage. I propose a resolution which I hope will be acceptable to all of us. My idea is that we negotiate an arrangement that simultaneously (1) transfers the one-third ownership you hold back to me, (2) guarantees your long-term sole occupancy of the stone house as your private residence, with your financial responsibilities essentially unchanged from what they now are during the remaining 19 years the mortgage would have run, with full respect for your privacy and desire for quiet, and with provision for your continued private residency beyond the first 20 years, and (3) deeds my one-third ownership to the Grassroots Infrastructure Charitable Foundation. In formulating this proposal I have sought to both guarantee your legitimate need for a secure place to live and your wish to continue in your present physical circumstances, and to eliminate the possibility that, as owners, you would be in a position to prevent use of some of the farmland for additonal socially beneficial purposes. In order to negotiate a detailed arrangement satisfactory to us, to Eric Entemann, and to the Trustees, a useful first step would be for you to invite Eric and a few Trustees to meet with you at the farm at a mutually convenient time. You can arrange for a meeting by contacting either Eric eentemann@hotmail.com or me. We both are in touch with each other and with all the Trustees. Sincerely yours, George Salzman