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FORM OF PRICING RECOMMENDATION LETTER
[Letterhead]
Date: August __, 2000
C. Paul Sandifur, Jr., President
Metropolitan Investment Securities, Inc.
601 W. 1st Ave.
Spokane, Washington 99201
Re: Pricing Recommendation Letter of Roth Capital Partners Incorporated
Summit Securities, Inc., Offering of $22,500,000 in
Principal Amount of 9.50% Notes due 2005
Dear Mr. Sandifur:
This letter will serve to confirm our engagement as a "qualified
independent underwriter" as that term is defined in subparagraph (b)(15) of Rule
2720 to the NASD Conduct Rules, as amended ("Rule 2720").
Based upon our review of the registration statement, and the performance
of "due diligence" as required in subparagraph (c)(3) to Rule 2720, it
appears that the yield on the 9.50% Notes due 2005 is no lower than we would
recommend, and it appears that the exchange value of the 9.50% Notes due 2005
is no lower than we would recommend.
We hereby consent to the use of our name as a "qualified independent
underwriter," in the Registration Statement filed by Summit Securities, Inc.
with respect to the above-referenced matter.
Very truly yours,
ROTH CAPITAL PARTNERS INCORPORATED
By:
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cc: National Association of Securities Dealers, Inc.
