Thus one of the Trustees, Mr. Lahti, wrote to Mr. Holmaranta on the 4th November 1997 as follows:-

"Matter - agreement with Karl Lindroos.

The bankruptcy estate has made an agreement with Karl Lindroos that the bankruptcy estate will give up all claims for its own part in the Man Isle trial upon receiving payment of $10,000 US Dollars. The purpose of the agreement is that the bankruptcy estate will not participate in the trial. The agreement pertains only to the procedural stand of the bankruptcy estate. The agreement does not address the merits of the matter itself.

Because a position has been presented that the agreement is made based on KS 71 / 5 regarding the bankruptcy estate's funds, I am inquiring on behalf of the bankruptcy estate, if you will as the bankruptcy debtor make the agreed payment of $10,000 US Dollars or provide a guarantee to the estate.

Please notify me in writing as soon as possible; however, no later than on Thursday, November 6, 1997.

Sincerely,

Tero Lahti."

The following day the 5th November 1997 Mr. Lahti wrote a further letter to Mr. Holmaranta which states:-

"Matter - Agreement with Karl Lindroos

On November 5, 1997, you. informed me regarding my November 4, 1997, inquiry, that Eila Viitta will give guarantee during November. Please notify the bankruptcy estate that this guarantee will be in order to estimate its value. The guarantee has to be such that its value will secure the agreed $10,000 US Dollars sum. I presume that either a bank deposit or a bank guarantee would be enough for this type of security.

The bankruptcy estate will immediately notify the court in the Isle of Man of receipt of such guarantee when guarantee for the agreed amount has been delivered to the bankruptcy estate."