EXHIBIT B January 31, 2001 VIA FACSIMILE ------------- Daniel M. Lewis, Esq. Arnold & Porter 555 Twelfth Street, N.W. Washington, D.C. 20004-1202 Dear Mr. Lewis: We have received the draft term sheet sent by your office yesterday. The agreement in...Term Sheet • February 8th, 2001 • California Investment Fund LLC • Real estate investment trusts
We have received the draft term sheet sent by your office yesterday. The agreement in principle between CIF and your clients referred to in my letter to Dynex of January 29, 2001 is obviously no longer extant. We will get back to you shortly with our response to the new term sheet.
