1.   Amendments to the agreement can properly be, and frequently are, made by supplemental agreement.

2.   As part of the restructuring exercise and simultaneously with the execution of the supplemental agreement, Bernas has entered into a call option agreement with Lee.

3.   But CCT said yesterday there were additional regulatory compliance issues involved in the purchase, and it was negotiating a supplemental sales agreement.

4.   CCT said the supplemental agreement was expected to be signed as soon as terms were agreed.

5.   Following this, the previous sale and purchase agreements and supplemental agreements signed to acquire both companies were rescinded.

6.   Negotiations continued Tuesday until moments before the hearing, resulting in the supplemental agreement with a third of the states.

7.   Simultaneously with the execution of the supplemental agreement, Bernas has entered into a call option agreement with Lee.