1

Exhibit 2.5

                                  EXHIBIT "E"
                                 BILL OF SALE

       In consideration of $2,500,000 and other good and valuable consideration
       the receipt and sufficiency of which are hereby acknowledged, United
       Payphone Services, Inc. ("SELLER"), hereby grants, bargains, sells and
       conveys unto Tru-Tel Communications, LLC ("BUYER"), the property
       described on Exhibit Aattached hereto and made a part hereof, now in
       possession and control of SELLER (the "Purchased Assets").
  
       SELLER represents and warrants to BUYER that SELLER has good and
       marketable title to all of the Purchased Assets and none of such
       properties or assets is subject to any security interests, mortgages,
       encumbrances, liens or charges of any kind or character.
  
       SELLER does hereby covenant and agree to warrant and defend the Purchased
       Assets against the lawful claims of every person and persons whomsoever.
  
       EXECUTED effective as of the 15th day of November, 1996.
  
          UNITED PAYPHONE SERVICES, INC.

          BY:
          David Westfere, President

        STATE OF

     COUNTY OF  

     On   before me personally appeared David Westfere, known to me to
        be the individual described in and who executed the foregoing instrument
        and acknowledged the he executed it.

In witness whereof, I have hereunto signed my name and affixed my seal the  day
of November, 1996.

                                               Notary Public
My commission expires:

 2

                                  BILL OF SALE

       In consideration of $2,500,000 and other good and valuable consideration
       the receipt and sufficiency of which are hereby acknowledged, United
       Payphone Services, Inc. ("SELLER"), hereby grants, bargains, sells and
       conveys unto Tru-Tel Communications, LLC ("BUYER"), the property d
       escribed on Exhibit A attached hereto and made a part hereof, now in
       possession and control of SELLER (the "Purchased Assets").
  
       SELLER represents and warrants to BUYER that SELLER has good and
       marketable title to all of the Purchased Assets and none of such
       properties or assets is subject to any security interests, mortgages,
       encumbrances, liens or charges of any kind or character.
  
       SELLER does hereby covenant and agree to warrant and defend the Purchased
       Assets against the lawful claims of every person and persons whomsoever.
  
       EXECUTED effective as of the 15th day of November, 1996.
  
          UNRMD PAYPHONE SERVICES, INC.


                BY:
          David Westfere, President

     STATE OF   

     COUNTY OF  

        On November 7, 1996 before me personally appeared David Westfere,
        known to me to be the individual described in and who executed the
        foregoing instrument and acknowledged the he executed it.

In witness whereof, I have hereunto signed my name and affixed my seal the 7th
day of November, 1996.

                                                 Notary Public
  
My commission expires:
March 8, 1998

 3
  
                                   EXHIBIT "F"
                               LOCATION AGREEMENTS


   Page No.       1
   11/08/96
                                        EXHIBIT F
                                   LOCATION AGREEMENTS

        ANI                 CUSTOMER                CONTRACT       EXPIRATION
                                                    DATE           DATE


        602 216-9942        JAVA CENTRALE           08/16/96        08/16/06
        602 232-9902        ELENA'S CAFE            04/26/95        04/26/05
        602 233-0128        PAYLESS CASHWAY         07/17/95        07/17/97
        602 233-2580        RAINBOW DONUT           12/03/90        12/03/00
        602 233-3192        MCDONALD'S #5455        07/26/93        07/26/03
        602 235-9530        FILIBERTO'S             07/20/94        07/20/04
        602 235-9802        KYOTO BOWL #3           04/04/95        04/04/05
        602 235-9807        TUNEUP MASTERS #624     03/05/93        03/05/03
        602 235-9829        MCDONALD'S              07/28/93        07/28/03
        602 235-9830        MCDONALD'S              07/28/93        07/28/03
        602 235-9888        FILIBERTO'S             07/20/94        07/20/04
        602 235-9895        15TH AVENUE LAUNDROMAT  09/13/94        09/13/99
        602 235-9910        MCDONALD'S #3571        04/25/96        04/25/99
        602 235-9922        MCDONALD'S #7816        04/25/96        04/25/99
        602 240-9948        JACK IN THE BOX         08/04/95        08/04/05
        602 240-9982        JACK IN THE BOX         08/04/95        08/04/05
        602 243-5501        ARC THRIFT TOWN         08/18/92        08/18/02
        602 243-7059        FEDERICO'S BILLIARDS    02/28/91        02/28/01
        602 243-7549        HI DREAM'S              05/08/92        05/08/02
        602 244-0067        LAUNDRY BAG             12/05/90        12/05/00
        602 245-8907        MCDONALD'S              11/15/93        11/15/03
        602 245-8908        MCDONALD'S              11/15/93        11/15/03
        602 245-8909        DIRECT MARKETING        09/04/96        09/04/02
        602 245-8910        DIRECT MARKETING        09/04/96        09/04/02
        602 245-8911        DIRECT MARKETING        09/04/96        09/04/02
        602 247-5812        MCDONALD'S              11/15/93        11/15/03
        602 247-7873        LONG JOHN SILVER'S #54  07/14/94        07/14/04
        602 248-9509        CONVENIENCE STATION ONE 02/13/95        02/13/03
        602 248-9511        CONVENIENCE STATION ONE 02/13/95        02/13/03
        602 248-9542        JOE'S LIQUOR            05/25/93        05/25/03
        602 248-9572        PETER PIPER PIZZA #119  06/08/93        06/08/03
        602 248-9652        MANUEL'S #8             12/04/95        12/04/05
        602 248-9662        CONVENIENCE STATION ONE 02/13/95        02/13/03
        602 248-9664        Q LUBE #1130            12/15/93        12/15/03
        602 248-9694        MCDONALD'S #7835        09/21/94        09/21/97
        602 249-9301        DENNIS PRO TECH UNOCAL7611/23/94        11/23/04
        602 249-9360        ARBY'S                  06/12/93        06/12/03
        602 249-9387        PARKS MOBILE            09/22/94        09/22/04
        602 249-9389        CMMCH'S CHICKEN #840    08/30/93        08/30/03
        602 249-9464        PARKS MOBILE            09/22/94        09/22/04
        602 249-9467        ASTRO AUTOMOTIVE        08/30/94        08/30/04
        602 249-9470        MCDONALD'S #12439       09/21/94        09/21/97
        602 249-9471        MCDONALD'S #12439       09/21/94        09/21/97
        602 249-9493        ISBERTO'S               06/15/95        06/15/05
        602 249-9910        MIDAS MUFFLER           12/24/92
        602 249-9986        ECONO LUBE n' TUNE #126 04/30/93        04/30/03
        602 252-9942        THE WASHOUSE            09/04/92        09/07/97
        602 253-9876        RUDY ANAYA REALTY       04/26/95        04/26/05
        602 253-9890        LOS OLIVOS HAND CAR WASH07/29/93        07/29/03

 4

        Page No. 2
     11/08/96
                                      EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER                CONTRACT        EXPIRATION
                                                    DATE            DATE

        602 253-9893        CHURCH'S CHICKEN #681   08/30/93        08/30/03
        602 253-9894        CHURCH'S CHICKEN #1047  08/30/93        08/30/03
        602 254-2257        ECONOMY INN             08/08/92        08/08/02
        602 254-2359        CHICO'S PLACE           08/07/92        08/07/02
        602 254-4394        WINCHELL'S DONUTS #302  01/25/90        01/25/00
        602 256-9097        MONTE VISTA LIQUORS     06/01/93        06/01/03
        602 256-9098        MCDONALD'S              07/28/93        07/28/03
        602 256-9792        HERNANDEZ TIRE CO.      05/02/93        05/02/03
        602 256-9798        MCDONALD'S              07/28/93        07/28/03
        602 256-9859        WASH & DRY              12/01/95        12/01/05
        602 256-9860        WASH & DRY              12/01/95        12/01/05
        602 256-9884        MCDONALD'S              05/17/96        05/17/99
        602 256-9885        MCDONALD'S              05/17/96        05/17/99
        602 256-9965        THE WASHOUSE            09/04/92        09/04/97
        602 256-9975        MCDONALD'S              06/12/95        06/12/05
        602 256-9983        MCDONALD'S              06/12/95        06/12/05
        602 257-1838        ORFEON CLUB             03/07/91        03/07/01
        602 257-7531        THE WASHOUSE            09/04/92        09/04/97
        602 262-0537        GOLDEN MOON             09/23/94        09/23/04
        602 262-5425        BUFFALO BROWNS          10/05/94        10/05/04
        602 262-5429        HALLS MOTEL             10/10/94        12/15/04
        602 262-5436        ARBYS                   11/14/94        11/14/04
        602 262-9800        THE WASHOUSE            09/04/92        09/04/97
        602 262-9856        B & R LIQUORS           02/08/95        02/08/05
        602 263-5684        THE WASHOUSE            09/04/92        09/04/97
        602 263-8474        THE WASHOUSE            09/04/92        09/04/97
        602 263-9843        MCDONALD'S #7835        09/21/94        09/21/97
        602 263-9862        AHO ALS #3              04/13/95        04/13/05
        602 263-9882        VILLA CONTENDA          09/14/90        09/14/00
        602 263-9940        A-1 LIQUORS             06/02/93        06/02/03
        602 263-9941        CELEBRITY DRY CLEANERS  06/07/93        06/07/03
        602 265-0808        MCDONALD'S #3511        09/21/94        09/21/97
        602 265-0809        MCDONALDIS #3511        09/21/94        09/21/97
        602 267-9091        SAGUARO MOBIL HOME PARK 12/02/94        12/02/04
        602 267-9983        NAVAHO TRAILER PARK     11/07/94        11/07/04
        602 268-2472        RIVERBOTTOM LOUNGE      09/01/90        09/01/00
        602 268-3036        EL TACAZO               08/09/94        08/09/04
        602 268-3138        SOUTH MOUNTAIN PLAZA    07/24/92        07/24/02
        602 268-6735        CHUY'S JEWELRY          08/29/90        08/29/00
        602 268-9791        DUNKIN DONUTS           08/07/92        08/07/02
        602 268-9810        RUDY ANAYA REALTY       04/26/95        04/26/05
        602 268-9855        CHURCH'S CHICKEN #841   08/30/93        08/30/03
        602 268-9859        CHMCHIS CHICKEN #675    08/30/93        08/30/03
        602 268-9878        ARBY'S                  10/28/93        10/28/03
        602 268-9881        U- PULL IT              04/26/95        04/26/05
        602 268-9886        OLD REDDY'S CORNER LIQUOR11/22/93       11/22/99
        602 268-9978        HOT)GE'S CARWASH        06/03/93        06/03/03
        602 269-8221        CAPNICERIA EL CAMINO    07/25/90        07/25/00
        602 269-9906        BEST TIRE CO.           04/01/93        04/01/03

 5
 
       Page No. 3
     11/08/96
                                    EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER                CONTRACT         EXPIRATION
                                                    DATE             DATE

        602 269-9971        EL COMAL                08/09/94        08/09/04
        602 272-6073        TIENDA LA MEXICANA      08/23/90        08/23/00
        602 272-7484        TAQUERIA 3 AMIGOS       08/17/90        08/17/00
        602 272-8934        WESTERN TOWING          03/24/93        03/24/03
        602 274-7918        MOE'S LIQUOR            01/19/90        01/19/98
        602 275-1035        HONEY BEARS BAR BQ      10/25/90        10/25/00
        602 275-6980        LUBO'S ACE HARDWARE     09/13/90        09/13/00
        602 276-0842        COTTAGE LIQUOR          05/26/93        05/26/03
        602 276-3911        LAS GLORIAS             08/17/90        08/17/00
        602 276-4213        WASH & CLEAN            06/05/93        06/05/03
        602 276-4619        THE WASHOUSE            09/04/92        09/04/97
        602 276-6405        TUNEUP MASTERS #605     11/10/92        11/10/02
        602 276-9920        BURGER KING #9867       08/14/96        08/14/06
        602 278-0319        SAM'S CONVENIENT MART   08/07/92        08/07/02
        602 278-0340        SAM'S CONVENIENT MART   08/07/92        08/07/02
        602 278-0904        THE WASHOUSE            09/04/92        09/07/97
        602 278-6486        THE WASHOUSE            09/04/92        09/04/97
        602 278-6541        THE WASHOUSE            09/04/92        09/04/97
        602 278-9032        THOMAS DRIVE-THRU LIQUORS 07/09/93      07/09/03
        602 278-9047        MCDONALD'S #5455        07/26/93        07/26/03
        602 278-9053        CHURCHTS CHICKEN #670   08/30/93        08/30/03
        602 278-9825        MCDONALD'S #10839       09/21/94        09/21/97
        602 278-9826        MCDONALI)'S #10839      09/21/94        09/21/97
        602 278-9844        SUNSET HARBOR MOTEL     08/01/94        08/01/04
        602 278-9845        TRAIL INN LODGE         08/02/94        08/02/04
        602 278-9848        BLUE PALM TRAILER COURT 08/12/94        08/12/04
        602 278-9859        MERCADITO PLAZA         09/20/94        09/20/04
        602 278-9874        MCDOWELL EXXON          08/29/94        08/29/04
        602 278-9879        MCDOWELL EXXON          08/29/94       08/29/04
        520 282-8103        SEDONA AIRPORT RESTAURANT03/28/94
        520 282-8111        ARTISAN'S GUILD         03/02/95        03/02/05
        520 282-8112        ARTISAN'S GUILD         03/02/95        03/02/05
        520 282-8113        RAINBOW'S END RESTAURANT08/29/94        08/29/04
        520 282-8114        FRIENDLY BOB'S          03/06/95        03/06/05
        520 282-8136        RAINBOW'S END RESTAURANT08/29/94        08/29/04
        520 282-8139        KENTUCKY FRIED CHICKEN  12/14/94        12/14/04
        520 282-8145        SEDONA CHEVRON          01/27/95        01/27/05
        520 282-8147        WRENWOOD BAR            03/07/95        03/07/05
        520 282-9872        COWBOY CLUB             04/27/95        04/27/97
        520 284-9980        CASTLE ROCK PLAZA       01/30/95        01/30/05
        520 284-9982        THE VILLAGE PUB         03/07/95        03/07/05
        520 284-9986        CASTLE ROCK PLAZA       03/07/95        03/07/05
        520 286-9946        PINEWOOD CHEVRON SERVICE08/23/94        08/23/04
        520 286-9947        PINEWOOD CHEVRON SERVICE08/23/94        08/23/04
        602 304-9843        7TH STREET BEAUTY SUPPLY05/17/95        05/17/05
        602 304-9845        ISOM'S PLACE APARTMENTS 07/28/95        07/28/05
        602 304-9846        SOUTH CENTRAL PLAZA     07/22/95        07/22/05
        602 304-9848        TOMBSTONE RESTAURANT    07/12/95        07/12/05
        602 304-9853        SOUTHERN ACRES MHP      08/23/95        08/23/05

 6

Page No. 4
11/08/96
                                  EXHIBIT F
                             LOCATION AGREEMENTS

        ANI                  CUSTOMER               CONTRACT       EXPIRATION
                                                    DATE           DATE

        602 304-9854        DOLLAR STORE            08/15/95        08/15/05
        602 345-6704        DESERT DONUTS           08/01/93        08/01/03
        602 345-7922        MARICOPA COUNTY HOUSING 03/22/91        03/22/01
        602 352-8909        PIZZA HUT               11/01/95        11/01/98
        602 352-8951        CARL'S JR.              02/21/94        02/21/04
        602 352-8952        CARL'S JR.              02/21/94        02/21/04
        602 352-8953        CARL'S JR.              02/21/94        02/21/04
        602 375-1808        PETER PIPER PIZZA #82   11/01/92
        602 380-9006        MARICOPA COUNTY HOUSING 03/22/91        03/22/01
        602 392-0087        AIRPORT BUSINESS PARK   08/10/92        08/10/02
        602 396-3566        APACHE SQUARE (DONUT)   11/01/92
        602 396-6688        JACK IN THE BOX         10/18/89        10/18/99
        602 404-9022        ROADRUNNER CARWASH      05/27/93        05/27/03
        602 404-9818        ECONO LUBE N' TUNE      01/29/96        01/29/06
        602 404-9819        ROLBERTO'S              01/30/96        01/30/06
        602 404-9823        MCDONALD'S #06085       11/05/93        11/05/03
        602 404-9824        MCDONALD'S #11346       11/05/93        11/05/03
        602 404-9863        MCDONALD'S #06085       11/05/93        11/05/03
        602 404-9864        MCDONALD'S #11346       11/05/93        11/05/03
        602 404-9866        MOBIL OIL #18AYM        01/31/95        01/31/97
        602 404-9894        MCDONALD'S              08/03/94        08/03/02
        602 404-9895        MOBIL OIL #18AYM        01/31/95        01/31/97
        602 404-9896        KYOTO BOWL              11/16/94        11/17/04
        602 404-9908        FILIBERTO'S #11         01/13/95        01/13/05
        602 412-3488        ARBY'S                  04/30/93        04/30/03
        602 412-9962        PAYLESS CASHWAY         07/17/95        07/17/97
        602 412-9967        KYOTO BOWL #11          07/19/95        07/19/05
        602 415-9745        THE WASHOUSE            09/04/92        09/01/97
        602 415-9757        SHADY ELMS TRAILER PARK 05/08/95        05/08/05
        602 415-9760        PAWN SHOP PLAZA         05/18/95        05/18/05
        602 433-2346        WINCHELL'S DONUTS #380  01/25/90        01/25/00
        602 435-8024        CHURCH'S CHICKEN        07/27/94        07/27/04
        602 435-8025        GOLDEN DRAGON           02/05/96        02/G5/06
        602 435-8029        MANISTEE MALL (EAST)    06/20/96        06/20/06
        602 435-8032        TACO BELL               08/18/92        08/18/02
        602 435-8035        TOM'S 13AR B Q          10/22/93        10/22/03
        602 435-8037        OLIVE SQUARE EXXON      08/11/94        08/11/99
        602 435-8038        OLIVE SQUARE EXXON      08/11/94        08/11/99
        602 435-8046        GREEN BRIAR APARTMENTS  08/24/95        08/24/05
        602 435-8049        PIZZA HUT               11/01/95        11/01/98
        602 435-8070        MCDONALD'S              03/02/94        03/02/04
        602 435-8099        SOUTH CHINA BUFFET      03/29/96        03/29/06
        602 435-8822        MCDONALD'S #1440        04/25/96        04/25/99
        602 435-8833        MANISTEE MALL (WEST)    06/20/96        06/20/06
        602 435-8882        MANISTEE MALL (NORTH)   06/20/96        06/20/06
        602 438-1501        ARBY'S                  06/07/93        06/07/03
        602 439-9333        ARBY'S                  09/16/94        09/16/04
        602 439-9351        IRONWORKS RESTAURANT    01/05/95        01/05/05
        602 439-9680        BELLAIR GOLF COURSE,INC.01/11/95        01/11/05

 7

Page No. 5
11/08/96
                                EXHIBIT F
                            LOCATION AGREEMENTS

        ANI                  CUSTOMER               CONTRACT        EXPIRATION
                                                    DATE            DATE


        602 439-9708        MIDAS MUFFLER           12/24/92
        602 439-9743        CHURCH'S CHICKEN #679   08/30/93        08/30/03
        602 439-9764        COUNTRY CLEAN           06/05/95        06/05/05
        602 443-0638        TACO BELL #5030         05/15/94        05/15/97
        602 443-9813        MCDONALD'S #4442        11/22/93        11/22/03
        602 443-9814        MCDONALD'S #11120       11/22/93        11/22/03
        602 443-9815        HOME DEPOT #0457        12/16/94        12/16/98
        602 443-9826        TACO BELL #5030         05/15/94        05/15/97
        602 443-9828        TACO BELL #3706         05/15/94        05/15/97
        602 443-9829        TACO BELL #4475         05/15/94        05/15/97
        602 443-9830        COFFEE PLANTATION       04/05/95        04/05/05
        602 443-9831        PAVILLION UNOCAL        03/08/95        03/08/02
        602 443-9841        PAVILLION UNOCAL        03/08/95        05/08/02
        602 443-9845        JACK IN THE BOX         09/13/93        09/13/03
        520 445-9023        PETER PIPER PIZZA #35   07/13/93        07/13/03
        602 460-9882        BURGER KING #9316       08/08/95        08/08/05
        602 461-3272        DUNKIN DONUTS           07/15/94        07/15/04
        602 464-4824        ROL13ERTO'S TACO SHOP   03/08/95        03/08/05
        602 468-0718        TACO BELL               08/18/92        08/18/02
        602 468-9804        HOME DEPOT #0463        12/16/94        12/16/98
        602 468-9819        HOME DEPOT #0463        12/16/94        12/16/98
        602 468-9824        HOME DEPOT #0463        12/16/94        12/16/98
        520 472-6188        WENDY'S                 10/31/94        10/31/04
        520 472-6388        LA CASA PEQUENA         10/26/94        02/20/04
        520 474-9073        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9074        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9075        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9076        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9877        CHARLESTON MOTOR INN    10/25/94        10/25/04
        520 474-9897        PAYSON BOWL             10/25/94        10/25/04
        520 474-9965        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9967        MAZATZAL CASINO         10/21/94        10/21/04
        520 474-9976        MAZATZAL CASINO         10/21/94        10/21/04
        602 481-9416        MALEE'S THAI GOURMET    10/10/91        10/10/01
        602 482-2014        CARL'S JR. #7091        12/09/93        12/09/03
        602 483-1663        HOME DEPOT #0457        12/16/94        12/16/98
        602 483-7348        HOME DEPOT #0457        12/16/94        12/16/98
        602 483-9862        COFFEE PLANTATION #125  10/03/95        10/03/05
        602 484-7044        CHARLIE'S PLACE         08/17/90        08/17/00
        602 484-9850        BURGER SHOPPE #2        08/10/94        08/10/04
        602 484-9858        REYES UPHOLSTERY        02/06/95        02/06/05
        602 484-9877        FRED'S GROCERY          05/18/95        05/18/05
        602 484-9882        FRED'S GROCERY          05/18/95        05/18/05
        602 486-1694        HOME DEPOT #0459        12/16/94        12/16/98
        602 486-1733        HOME DEPOT #0459        12/16/94        12/16/98
        602 487-9919        MIKE'S MARKET           10/04/96        10/04/06
        602 491-0196        TOM'S BAR B Q           08/12/92        08/12/02
        602 491-6478        RURAL ROAD LIQUOR       08/21/92        08/21/02
        602 493-5913        HOME DEPOT #0460        12/16/94        12/16/98

 8

Page No. 6
11/08/96
                                    EXHIBIT F
                               LOCATION AGREEMENTS

         ANI                CUSTOMER               CONTRACT       EXPIRATION
                                                   DATE           DATE


        602 493-7521        HOME DEPOT #0460        12/16/94        12/16/98
        602 494-3925        ARBY'S                  10/05/93        10/05/03
        602 494-5678        CHURCH'S CHICKEN #862   08/30/93        08/30/03
        602 494-7576        CARL'S JR. #7093        12/09/93        12109103
        602 496-9893        MCDONALD'S              11/06/93        11/06/01
        602 496-9984        TACO  BELL #016652      12/06/94        12/06/02
        602 504-9935        BELL  RD & 1-17 EXXON   08/11/94        08111199
        602 504-9936        BELL  RI) & I-17 EXXON  08/11/94        08/11/99
        602 504-9957        HOME  DEPOT #0468       12/16/94        12/16/98
        602 504-9958        HOME  DEPOT #0468       12/16/94        12/16/98
        602 504-9959        HOME  DEPOT #0468       12/16/94        12/16/98
        602 504-9972        MANUEL'S #6             05/02/95        05/02/05
        602 516-9807        T.J. HANNIGANIS         08/03/95        08/03/05
        602 516-9898        TACO BELL #016549       12/06/94        12/06/02
        520 525-8004        MOUNTAINAIRE STORE      08/23/94        08/23/04
        520 525-8005        MOUNTAINAIRE TAVERN     10/12/94        10/12/04
        520 526-9735        PICQUIC FOOD STORE #101 01/12/96        01/12/06
        520 526-9741        PICQUIC FOOD STORE #101 01112196        02112106
        520 526-9767        ARBY'S                  08/04/94        08/04/02
        520 526-9769        GLENNS UNOCAL 76        08/09/94        08/09/04
        602 545-9907        MCDONALD'S              08/14/96        06/14/06
        602 553-9933        MCDONALD'S #1403        04/25/96        04/25/99
        602 553-9939        32ND STREET LAUNDROMAT  11/17/93        11/17/98
        602 553-9975        JUAN VIZEARRA APT. COMPLEX08/25/94      08/25/04
        602 561-9936        BURGER KING #9242        05/26/95        05/26/05
        602 566-9710        CAMPBELL MERCANTILE      10/24/96        10/24/98
        602 566-9711        CAMPBELL MERCANTILE      10/24/96        10/24/98
        520 567-2669        TACO BELL #4240          05/15/94        05/15/97
        520 567-2673        TACO BELL #4240          05/15/94        05/15/97
        520 567-3415        CAMP VERDE EXXON         09/25/93        09/25/03
        520 567-3517        OUTPOST MALL             09/21/93        09/21/03
        520 567-3523        OUTPOST MALL             09/21/93        09/21/03
        602 583-9197        PETER PIPER PIZZA #139   07/08/93        07/08/03
        602 589-9836        FILIBERTO'S              05/18/94        05/18/04
        602 604-9821        MCDONALD'S #18959        05/17/96        05/17/99
        602 604-9826        MCDONALD'S               05/17/96        05/17/99
        520 632-9002        FLICKS & SUBS            01/12/95        01/12/05
        520 632-9024        MAYER MARKET             09/05/96        09/05/02
        520 634-0859        PETER PIPER PIZZA        09/14/93        09/14/03
        520 634-7110        SHEP'S LIQUORS           09/01/93        09/01/03
        520 634-7203        KENTUCKY FRIED CHICKEN   09/09/93        09/09/03
        520 639-0633        SOSSA'S DELI             09/17/93        09/17/03
        520 639-0658        SOSSA'S DELI             09/17/93        09/17/03
        520 639-1205        BURGER KING              07/23/93        07/23/03
        520 639-2262        TACO BELL #3805          05/15/94        05/15/97
        602 650-1362        MIKE ARNOLD'S 76         02/06/95        02/06/02
        602 650-1363        MIKE ARNOLD'S 76         02/06/95        02/06/02
        602 661-8607        TACO BELL #017331        08/04/95        08/04/03
        602 661-8609        MCDONALD'S #11075        11/22/93        11/22/03

 9

Page No. 7
11/08/96
                                   EXHIBIT F
                              LOCATION AGREEMENTS

         ANI                 CUSTOMER               CONTRACT         EXPIRATION
                                                    DATE             DATE

        602 661-8612        TACO BELL #017331       08/04/95        08/04/03
        602 661-8617        MCDONALD'S #11075       11/22/93        11/22/03
        602 661-8635        TACO BELL #016938       03/27/95        03/27/03
        602 661-8636        TACO BELL #016938       03/27/95        03/27/03
        602 681-9914        CARL'S JR. #7092        12/09/93        12/09/03
        602 681-9938        HIGHLANDER CENTER LAUNDRY08/26/94       08/26/04
        602 681-9952        BURGER KING #9258       09/19/95        09/19/05
        520 684-9854        ARBY'S                  04/24/95        04/24/05
        520 717-1286        TACO BELL #5684         07/13/93        07/13/03
        602 732-9617        SUN SHINE VALLEY MHP    08/11/92        08/11/02
        602 736-9965        BURGER KING             09/10/96        09/10/06
        602 756-0257        FIESTA CHEVRON          09/27/90        09/27/00
        602 756-0259        FIESTA CHEVRON          09/27/90        09/27/00
        602 759-8810        MCDONALD'S              07/28/93        07/28/03
        602 759-8830        TACO BELL #016241       09/29/93        09/29/03
        602 759-8855        BURGER KING #8787       01/01/95        01/01/05
        602 759-8882        ARBY'S                  08/24/94        08/24/04
        520 771-1704        GAS PLUS                06/09/95        06/09/05
        520 771-2458        GAS PLUS                06/09/95        06/09/05
        520 771-2553        DELUXE LIQUORS          09/10/93        09/10/03
        520 771-2588        BENNETT EXXON           10/14/93        10/14/03
        520 771-2590        THE OTHER STORE         09/27/93        09/27/03
        520 771-2591        THE OTHER STORE         09/27/93        09/27/03
        520 771-2653        DEMING CHEVRON          09/27/93        09/27/03
        520 771-2657        THUMB BUTTE EXXON       10/05/93        10/05/03
        520 772-9597        BENNETT OIL             10/14/93        10/14/03
        520 772-9784        PIZZA HUT               04/13/96        04/13/06
        520 772-9979        TACO BELL #3915         07/13/93        07/13/03
        520 772-9980        BURGER KING             07/23/93        07/23/03
        520 772-9984        DAIRY QUEEN             07/20/94        07/20/04
        520 776-1391        BURGER KING             07/23/93        07/23/03
        520 776-1683        TACO DONS               03/30/94        03/30/04
        520 776-7115        TACO BELL               07/19/93        07/19/03
        520 776-8673        COUNTRY KITCHEN         07/19/93        07/19/03
        520 778-5963        WILLOW CREEK MARKET     07/13/93        07/13/03
        520 778-7209        SONIC DRIVE IN          08/09/94        08/09/04
        520 778-7833        CARL'S JR.              08/01/94        08/01/04
        520 779-9043        PICQUIC FOOD STORE #100 01/12/96        01/12/06
        520 779-9053        PICQUIC FOOD STORE #100 01/12/96        01/12/06
        520 779-9069        PICQUIC FOOD STORE #100 01/12/96        01/12/06
        520 779-9072        RAMADA LIMITED          08/01/94        08/01/04
        520 779-9803        PICQUIC FOOD STORE #100 01/12/96        01/12/06
        520 779-9806        CARL'S JR.              08/01/94        08/01/04
        520 779-9809        ARBY'S                  08/04/94        08/04/02
        602 780-9907        APSM/JIT                01/20/95        01/20/05
        602 780-9910        APSM/JIT                01/20/95        01/20/05
        602 789-9185        LONG JOHN SILVER'S #55  07/14/94        07/14/04
        602 804-9811        SOUTH SMITH APARTMENTS  08/31/94        08/31/04
        602 804-9815        DEVIL WASH              08/24/94        08/24/04

 10

        Page No. 8
        11/08/96
                                    EXHIBIT F
                               LOCATION AGREEMENTS

        ANI                 CUSTOMER                CONTRACT        EXPIRATION
                                                     DATE            DATE

        602 804-9830        TEMPE BOWL              01/26/95        01/26/03
        602 804-9838        CHICAGIES               02/02/95        02/02/05
        602 804-9839        DAIRY QUEEN             01/30/95        01/30/05
        602 804-9841        SUPER 8 MOTEL           02/02/95        02/02/05
        602 804-9843        MURPH'S FOOD MART       03/13/95        03/13/00
        602 804-9844        MURPH'S FOOD MART       03/13/95        03/13/00
        602 804-9883        JACK IN THE BOX         08/04/95        08/04/05
        602 804-9884        JACK IN THE BOX         08/04/95        08/04/05
        602 807-8809        MCDONALD'S              03/25/94        03/25/04
        602 807-8840        BEST WESTERN            06/22/94        06/22/04
        602 807-8846        LAS PALMAS (OUTSIDE)    10/11/95        10/11/05
        602 807-8847        LAS PALMAS (INSIDE)     10/11/95        10/11/05
        602 807-9219        ARBY'S #1261            03/27/95        03/27/05
        602 807-9227        FILIBERTO'S #12         04/18/95        04/18/05
        602 807-9229        BURGER KING #8914       04/25/95        04/25/05
        602 807-9249        FUDDRUCKER'S            03/01/96        03/01/98
        602 812-9941        KYOTO BOWL #1           07/19/95        07/19/05
        602 812-9973        HOME DEPOT #0470        12/16/94        12/16/98
        602 812-9974        HOME ]DEPOT #0470       12/16/94        12/16/98
        602 812-9975        HOME DEPOT #0470 (BREAK)12/16/94        12/16/98
        602 813-9807        TACO BELL #17364        08/09/95        08/09/05
        602 813-9810        TACO BELL #2675         09/29/93        09/29/03
        602 813-9842        COFFEE PLANTATION #135  10/03/95        10/03/05
        602 813-9848        KYOTO BOWL #12          07/19/95        07/19/05
        602 815-1095        FILIBERTO'S             07/20/94        07/20/04
        602 816-9850        EAGLE MOUNTAIN GOLF CLUB10/25/95        10/25/05
        602 816-9851        EAGLE MOUNTAIN GOLF CLUB10/25/95        10/25/05
        602 829-9906        ICC CENTER              09/08/95        09/08/05
        602 829-9908        JERRY'S DRIVE IN LIQUORS05/25/93        05/25/01
        602 829-9944        JACK IN THE BOX         09/13/93        09/13/03
        602 829-9945        JACK IN THE BOX         09/13/93        09/13/03
        602 829-9961        MCDONALD'S              11/08/93        11/08/03
        602 829-9962        MCDONALD'S              11/08/93        11/08/03
        602 829-9969        KYOTO BOWL #6           07/19/95        07/19/05
        602 829-9988        FILIBERTO'S             02/18/94        02/18/04
        602 831-1742        EL TAQUITO              08/17/92        08/17/02
        602 831-9736        DAIRY QUEEN             01/26/95        01/26/05
        602 831-9796        MCDONALD'S              03/25/94        03/25/04
        602 831-9842        MCDONALD'S              03/25/94        03/25/04
        602 831-9954        CHURCH'S CHICKEN #846   08/30/93        08/30/03
        602 831-9960        MCDONALD'S              03/25/94        03/25/04
        602 831-9976        MCDONALD'S              03/25/94        03/25/04
        602 832-0365        HOME DEPOT  #0456       12/16/94        12/16/98
        602 832-0687        ROME DEPOT  #0456       12/16/94        12/16/98
        602 832-9859        MCDONALD'S              03/25/94        03/25/04
        602 832-9869        CARL'S JR. #830         02/18/94        02/18/04
        602 832-9904        MCDONALD'S              03/25/94        03/25/04
        602 832-9972        PETER PIPER PIZZA #57   07/07/93        07/07/03
        602 833-8242        DARBY'S RESTAURANT      03/14/95        03/14/05

 11

        Page No. 9
     11/08/96
                                     EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER            CONTRACT        EXPIRATION
                                                DATE            DATE

        602 833-8257        DARBY'S RESTAURANT  03/14/95        03/14/05
        602 833-8653        CARL'S JR. #828     02/18/94        02/18/04
        602 833-9009        MCDONALD'S          07/16/93        07/16/03
        602 833-9759        SUPERMAT 5          03/21/95        03/21/05
        602 833-9845        SUN VALLEY MOTEL    02/15/95        02/15/05
        602 833-9859        HOME DEPOT #0461    12/16/94        12/16/98
        602 833-9882        PAYLESS CASHWAY     07/17/95        07/17/97
        602 833-9973        HOME DEPOT #0461    12/16/94        12/16/98
        602 834-8154        LTACK IN THE BOX    10/18/89        10/18/99
        602 834-8887        BROADWAY & GILBERT EXXON 02/03/95   02/03/98
        602 834-8889        BROADWAY & GILBERT EXXON 02/03/95   02/03/96
        602 835-8015        FILIBERTO'S         07/20/94        07/20/04
        602 835-8020        HOME DEPOT #0461    12/16/94        12/16/98
        602 835-8024        ARBY'S  03/05/96    03/05/06
        602 835-8036        CHURCH'S CHICKEN #37308/30/93       08/30/03
        602 835-8053        TACO BELL #1925     09/29/93        09/29/03
        602 835-8054        JACK IN THE BOX     09/13/93        09/13/03
        602 835-8079        BELLVIEW PALMS      08/31/94        08/31/04
        602 835-8085        PIMA MEDICAL INSTITUTE08/18/94      08/18/04
        602 835-8113        CARL'S JR. #828      02/18/94        02/18/04
        602 837-9268        TACO BELL #016085    12/06/94        12/06/02
        602 837-9525        TACO BELL #016085    12/06/94        12/06/02
        602 837-9970        ARBY'S               08/01/94        08/01/04
        602 837-9971        ARBY'S               08/01/94        08/01/04
        602 837-9972        MCDONALD'S           08/03/94        08/03/02
        602 837-9973        MCDONALD'S           08/03/94        08/03/02
        602 837-9975        RED ROCK AUTO GAS    11/17/94        11/17/04
        602 837-9976        BURGER KING #8850    12/20/94        12/20/04
        602 838-8091        CARL'S JR. #829      02/18/94        02/18/04
        602 838-9785        TACO BELL #2941      09/29/93        09/29/03
        602 839-3823        GUADALUPE MARKET     08/29/94        08/29/04
        602 840-8384        THE SQUEEZE BOX      08/08/92        08/08/02
        602 840-8390        THE SQUEEZE BOX      08/08/92        08/08/02
        602 840-9867        TACO BELL            01/24/95        01/24/05
        602 840-9890        TACO BELL            01/24/95        01/24/05
        602 841-5382        HOME DEPOT #0462     12/16/94        12/16/98
        602 841-7804        HOME DEPOT #0462     12/16/94        12/16/98
        602 841-9826        LONG JOHN SILVERS #5007/14/94       07/14/04
        602 841-9860        COLLEGE PARK EXXON    8/29/94        08/29/99
        602 841-9861        COLLEGE PARK EXXON   08/29/94        08/29/99
        602 841-9862        VALLEY FAIR EXXON    10/03/94        10/03/04
        602 841-9863        VALLEY FAIR EXXON    10/03/94        10/03/04
        602 842-9927        SPINNAKER APARTMENTS 12/02/94        12/02/04
        602 842-9932        DAIRY QUEEN          06/23/93        06/23/03
        602 844-0443        FIESTA MALL          05/18/94        05/18/99
        602 844-0582        FIESTA MALL          05/18/94        05/18/99
        602 844-0711        FIESTA MALL          05/18/94        05/18/99
        602 844-0871        FIESTA MALL          05/18/94        05/18/99
        602 844-0956        FIESTA MALL          05/18/94        05/18/99

 12

   Page No. 10
   11/08/96
                                  EXHIBIT F
                            LOCATION AGREEMENTS

        ANI                 CUSTOMER             CONTRACT        EXPIRATION
                                                 DATE            DATE

        602 844-1027        FIESTA MALL          05/18/94        05/18/99
        602 844-1252        FIESTA MALL          05/18/94        05/18/99
        602 844-1320        FIESTA MALL          05/18/94        05/18/99
        602 844-1467        FIESTA MALL          05/18/94        05/18/99
        602 844-1660        FIESTA MALL          05/18/94        05/18/99
        602 844-1867        FIESTA MALL          05/18/94        05/18/99
        602 844-1985        FIESTA MALL          05/18/94        05/18/99
        602 844-2178        FIESTA MALL          05/18/94        05/18/99
        602 844-2201        FIESTA MALL          05/18/94        05/18/99
        602 844-2479        FIESTA MALL          05/18/94        05/18/99
        602 844-2530        FIESTA MALL          05/18/94        05/18/99
        602 844-9320        TUNEUP MASTERS #617  11/10/92        11/10/02
        602 846-1717        CANTON DRAGON        08/30/90        08/30/00
        602 846-8800        DAIRY QUEEN          08/05/94        08/05/04
        602 846-8877        CHURCH'S CHICKEN     09/12/96        09/12/06
        602 848-8359        MCDONALD'S           03/02/94        03/02/04
        602 848-9328        CHURCH'S CHICKEN #69008/30/93        08/30/03
        602 849-9676        PIZZA MART           12/21/92        12/21/02
        602 863-3590        PETER PIPER PIZZA #2111/01/92
        602 864-9955        CARL'S JR.           02/21/94        02/21/04
        602 866-9772        THE FINISH LINE BAR  11/21/95        11/21/05
        602 867-7564        NORTH STAR LOUNGE    04/20/95        04/20/02
        602 867-9953        MCDONALD'S           08/03/94        08/03/02
        602 867-9969        MANUEL'S #2          05/02/95        05/02/05
        602 870-9573        THE CAR WASH MACHINE 06/24/93        06/24/03
        602 873-1148        PETER PIPER PIZZA #10011/01/92
        602 873-3410        MCDONALD'S           11/15/93        11/15/03
        602 873-4233        ARBY'S               06/12/93        06/12/03
        602 873-4553        HOME DEPOT           12/16/94        12/16/98
        602 873-4554        HOME DEPOT           12/16/94        12/16/98
        602 876-9988        MCDONALD'S           10/14/94        10/14/04
        602 878-8715        CARL'S JR. #7067     12/09/93        12/09/03
        602 878-9963        MANUEL'S #5          05/02/95        05/02/05
        602 878-9982        MOBIL OIL # 18AX5    01/31/95        01/31/97
        602 878-9988        UNOCAL               02/06/95        02/06/02
        602 890-2794        SCOTTSDALE VIDEO     08/12/92        08/12/02
        602 890-2817        DAIRY QUEEN          08/10/92        08/10/02
        602 890-9901        DIRECT MARKETING     09/04/96        09/04/02
        602 890-9902        DIRECT MARKETING     09/04/96        09/06/02
        602 890-9903        DIRECT MARKETING     09/04/96        09/04/02
        602 892-9931        TACO BELL #015251    09/29/93        09/29/03
        602 892-9957        MCDONALD'S           08/14/96        08/14/06
        602 892-9982        MCDONALD'S #10747    06/07/95        06/07/05
        602 893-8181        PETER PIPER PIZZA #5307/09/93        07/09/03
        602 893-8383        COFFEE PLANTATION #13310/03/95       10/03/05
        602 893-8400        TACO BELL #3959      09/29/93        09/29/03
        602 893-8658        TACO BELL #5383      09/29/93        09/29/03
        602 893-8734        HOME DEPOT #0458     12/16/94        12/16/98
        602 893-8748        HOME DEPOT #0458     12/16/94        12/16/98

 13

        Page No. 11
     11/08/96
                                       EXHIBIT F
                                  LOCATION AGREEMENTS

        ANI                 CUSTOMER              CONTRACT        EXPIRATION
                                                  DATE            DATE


        602 893-9811        ARBY'S                04/23/96        04/23/06
        602 894-2301        SUNSET VILLA APARTMENTS08/01/90       08/01/00
        602 895-8369        BURGER KING            08/08/95        08/08/05
        602 897-9125        LAKES MOBILE           02/28/95        02/28/05
        602 897-9284        LAKES MOBILE           02/28/95        02/28/05
        602 898-1162        PIZZA MART             08/08/92        08/08/02
        602 912-9906        CHURCH'S CHICKEN #686  08/30/93        08/30/03
        602 912-9909        TACO BELL #72          09/28/93        09/28/03
        602 912-9915        ORA LEE APARTMENTS     10/12/93        10/12/03
        602 912-9916        ORA LEE APARTMENTS     10/12/93        10/12/03
        602 912-9926        ECONO LUBE n'TUNE #1280 4/30/93        04/30/03
        602 912-9970        KYOTO BOWL #2          07/19/95        07/19/05
        602 912-9974        32ND STREET LAUNDROMAT 11/17/93        11/17/98
        602 912-9982        CARL'S JR.             02/21/94        02/21/04
        602 921-7156        COFFEE PLANTATION      01/12/90        01/12/00
        602 921-8397        POP PERONI'S PIZZA     05/14/92        05/14/02
        602 921-9672        JACK IN THE BOX        10/18/89        10/18/99
        602 930-7867        MIDAS MUFFLER          12/24/92
        602 930-9481        THE WASHOUSE           09/04/92        09/04/97
        602 930-9542        SUNDOWN                06/08/95        06/08/05
        602 932-9360        MCDONALD'S             10/14/94        10/14/04
        602 932-9399        MCDONALD'S             10/14/94        10/14/04
        602 932-9573        DANNY'S FISH & CHIPS   10/18/94        10/18/04
        602 932-9745        SONIC DRIVE IN         10/24/94        10/24/04
        602 932-9747        BYRDS MOBIL HOME PARK  12/02/94        12/02/04
        602 932-9748        TJ'S RESTAURANT        10/21/94        10/21/04
        602 933-6485        UNOCAL SELF SERVE MART 01/11/95        01/11/05
        602 933-6918        UNOCAL SELF SERVE MART 01/11/95        01/11/05
        602 935-5708        MCDONALD'S             10/14/94        10/14/04
        602 935-5739        MCDONALD'S             10/14/94        10/14/04
        602 935-9863        SCHLOTSKY'S DELI       09/28/95        09/28/05
        602 939-2500        DICK'S UNOCAL SERVICE  09/14/94        09/14/04
        602 939-8992        MARCOS & ARMANDOS SHOP 06/18/93        06/18/03
        602 939-9167        PROBST UNOCAL          06/21/93        06/21/03
        602 941-8744        SCOTTSDALE VIDEO       08/12/92        08/12/02
        602 941-9467        JACKIE'S PRAYING MANTUS08/16/94        08/16/04
        602 941-9489        FLAMINGO DETAIL CENTER 05/25/93        05/25/03
        602 941-9493        UNION PLAZA            06/16/93        06/16/03
        602 941-9573        DAIRY QUEEN            05/26/93        05/26/03
        602 941-9684        JULIO'S TOO            09/01/93
        602 941-9686        CHURCH'S CHICKEN #685  08/30/93        08/30/03
        602 941-9863        TIGER WASH             10/05/94        10/05/04
        602 942-9091        MOON VALLEY EXXON      06/17/93        06/17/03
        602 942-9094        PETER PIPER PIZZA #48  06/17/93        06/17/03
        602 942-9391        DAIRY QUEEN            10/25/93        10/25/03
        602 942-9479        CARL'S JR. #7081       12/09/93        12/09/03
        602 942-9802        MCDONALD'S             11/15/93        11/15/03
        602 942-9845        MCDONALD'S             11/15/93        11/15/03
        602 943-3317        YOGIE'S                02/22/93        02/22/03

 14

        Page No. 12
     11/08/96
                                    EXHIBIT F
                               LOCATION AGREEMENTS

        ANI                  CUSTOMER              CONTRACT        EXPIRATION
                                                   DATE            DATE

        602 943-3439        YOGIE'S                 02/22/93        02/22/03
        602 944-6040        7TH STREET EXXON        02/09/95        02/09/05
        602 944-6126        CARL'S JR. #7095        12/09/93        12/09/03
        602 944-9041        MCDONALDIS #3326        04/25/96        04/25/99
        602 945-2076        TACO BELL #21           05/15/94        05/15/97
        602 951-9817        SHEA SCOTTSDALE SHOP CTR11/16/94
        602 951-9818        SHEA SCOTTSDALE SHOP CTR11/16/94
        602 951-9822        SHEA SCOTTSDALE SHOP CTR11/16/94
        602 951-9829        SHEA SCOTTSDALE SHOP CTR11/16/94
        602 953-5068        MCDONALD'S #4699        11/22/93        11/22/03
        602 954-9787        MANUEL'S #1             05/02/95        05/02/05
        602 954-9788        MANUEL'S #3             05/02/95        05/02/05
        602 956-5301        VIKING CLEANERS         08/22/90        08/22/00
        602 961-9812        BURGER KING #9638       08/08/95        08/08/05
        602 961-9916        FIDDLESTICKS            08/01/94        08/01/99
        602 961-9917        FIDDLESTICKS            08/01/94        08/01/99
        602 962-7133        BURGER KING             07/13/92        07/13/02
        602 963-8100        PAYLESS CASHWAY         07/17/95        07/17/97
        602 963-8811        TACO BELL #2662         05/15/94        05/15/97
        602 963-8882        MCDONALD'S              03/25/94        03/25/04
        602 963-9374        CARL'S JR. #825         02/18/94        02/18/04
        602 964-2933        TOM'S BAR B Q           08/12/92        08/12/02
        602 964-8627        WINCHELL'S DONUTS #489  01/25/90        01/25/00
        602 966-7278        GUERRERO'S RESTAURANT   01/09/91        01/09/01
        602 966-7406        TUNEUP MASTERS #613     11/10/92        11/10/02
        602 967-5307        BURGER KING             07/13/92        07/13/02
        602 967-7924        TWIN PALMS HOTEL        11/17/95        11/17/05
        602 967-7926        TWIN PALMS HOTEL        11/17/95        11/17/05
        602 968-0243        BURGER KING #7769       03/04/93        03/04/03
        602 970-9680        CHINA GATE              08/19/96        08/19/06
        602 970-9699        CHICAGO SPORTS BAR      10/07/96        10/07/06
        602 971-9910        PAYLESS CASHWAY         07/17/95        07/17/97
        602 971-9956        ARBY'S                  08/07/95        08/07/05
        602 977-4552        UNOCAL STATION          02/06/95        02/06/02
        602 978-4562        BURGER KING #3078       05/26/95        05/26/05
        602 978-9003        CACTUS  EXXON           12/11/95        12/11/05
        602 978-9118        KENNY ROGERS ROASTERS   05/11/94        05/11/97
        602 978-9760        JACK IN THE BOX         09/13/93        09/13/03
        602 978-9779        CARL'S JR. #7098        12/09/93        12/09/03
        602 978-9781        CARL'S JR. #7094        12/09/93        12/09/03
        602 978-9918        KYOTO BOWL #15          07/19/95        07/19/05
        602 978-9919        CACTUS EXXON            12/11/95        12/11/05
        602 982-9609        MCDONALD'S              03/25/94        03/25/04
        602 982-9717        ARBY'S                  04/24/95        04/24/05
        602 984-9645        TACO BELL #3232         05/15/94        05/15/97
        602 985-4837        MEZONA RANCH MARKET     01/09/91        01/09/01
        602 985-9908        FUDDRUCKER'S            03/01/96        03/01/98
        602 985-9949        LONG JOHN SILVER'S #57  07/14/94        07/14/04
        602 990-9604        SOUTH CHINA BUFFET      03/29/96        03/29/06

 15

        Page No. 13
     11/08/96
                                     EXHIBIT F
                               LOCATION AGREEMENTS

        ANI                  CUSTOMER                 CONTRACT       EXPIRATION
                                                      DATE           DATE

        602 990-9938        MCDONALD'S               03/07/96        03/07/06
        602 990-9983        CARL'S JR. #7096         12/09/93        12/09/03
        602 992-3364        THE WASHOUSE             09/04/92        09/04/97
        602 993-9738        MCDONALD'S               11/15/93        11/15/03
        602 993-9744        MCDONALD'S               11/15/93        11/15/03
        602 995-8311        WINCHELL'S DONUTS #403   01/25/90        01/25/00
        602 995-9038        THE WASHOUSE             09/04/92        09/07/97
        602 995-9853        MCDONALD'S #3995         09/21/94        09/21/97
        602 995-9885        SOUTH CHINA BUFFET NO.4  03/29/96        03/29/06
        602 997-5774        NORTH 7TH STREET AUTO    05/20/93        05/20/03
        602 997-5871        SCREWY LOUIE'S           03/05/93        03/05/03
        602 997-7907        FILIBERTO'S              05/18/94        05/18/04

 16

   Page No. 1
   11/08/96
                                 EXHIBIT F
                            LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT        EXPIRATION
                                                     DATE            DATE


        520 292-0866        HOME DEPOT #0466        05/15/90        05/15/00
        520 292-1606        BULL PEN LOUNGE         02/23/95        02/23/05
        520 292-1622        DUNKIN DONUTS           02/08/88        02/08/03
        520 292-1629        AMPHI APARTMENTS        01/23/88        01/23/98
        520 292-9950        HOME DEPOT #0465 (BREAK)05/15/90        05/15/00
        520 292-9953        FUNTASTICKS FAMILY FUN  08/18/94        08/18/04
        520 292-9954        FUNTASTICKS FAMILY FUN  08/18/94        08/18/04
        520 292-9955        FUNTASTICKS FAMILY FUN  O8/18/94        08/18/04
        520 292-9958        GUS' LIQUOR             09/22/94
        520 292-9977        BUCK'S RIVER ROAD EXXON 11/29/94        11/29/04
        520 292-9979        BEL-AIR MOBILE HOME PARK12/29/94        12/29/04
        520 292-9985        FITNESS UNLIMITED       03/16/95        03/16/05
        520 294-1203        SUAVECITO BAR           09/22/94        09/22/04
        520 294-6803        GRAND MARKET            07/31/90        07/31/00
        520 294-7345        LA VILLA MEAT MARKET    07/27/90        07/27/00
        520 295-9805        EL TORO NITE CLUB       07/01/93        07/01/03
        520 295-9818        HOME DEPOT #0467        12/16/94        12/16/98
        520 295-9820        CARL'S JR. #384         02/14/95        02/14/05
        520 295-9828        HOME DEPOT #0467        12/16/94        12/16/98
        520 295-9830        HOME DEPOT #0467        12/16/94        12/16/98
        520 295-9839        EL MERENDERO            12/14/95        12/14/05
        520 295-9856        BURGER KING             12/28/95        11/15/96
        520 295-9871        ORIGINAL HAMBURGER STAND12/30/93        12/30/03
        520 295-9874        ARIBY'S                 08/30/94        08/30/02
        520 295-9878        SANTA FE BAR & GRILL    09/15/95        09/15/05
        520 295-9888        EL CACTUS               05/02/96        05/02/06
        520 295-9897        CHURCH'S CHICKEN #145   08/30/93        08/30/03
        520 295-9905        RODOLFO'S MEXICAN FOOD  07/31/95        07/31/05
        520 295-9932        MCDONALD'S              06/11/95        08/11/05
        520 295-9959        MCDONALD'S              08/28/95        08/28/05
        520 295-9961        AREA INVESTMENTS        03/31/96        03/31/06
        520 295-9963        MCDONALD'S              08/28/95        08/28/05
        520 295-9964        CHURCE'S CHICKEN #677   08/30/93        08/30/03
        520 295-9965        ASIA GARDEN RESTAURANT  08/04/93        08/04/03
        520 295-9966        MCDONALD'S              08/28/95        08/28/05
        520 295-9985        GALES FOOD & SPIRITS    06/25/96        06/25/06
        520 296-3414        FOUNTAIN HILLS CONDO    06/06/90        06/06/00
        520 296-8069        PANTANO TURBO WASH      09/23/96        09/23/06
        520 298-9001        COWPONY                 10/31/94        10/31/04
        520 298-9016        WILMOT PLAZA            02/18/93        02/18/03
        520 298-9020        FOUNTAIN HILLS CONDO    11/04/94        11/04/02
        520 298-9026        PARKS' UNOCAL 76        12/06/94        12/06/04
        520 298-9032        CARL'S JR. #376         02/14/95        02/14/05
        520 298-9035        SUNRISE PLACE           10/13/95        10/13/05
        520 298-9042        SCHLOTZSKY'S            02/28/94        02/28/04
        520 298-9043        JERRY BOB'S FAMILY REST.03/29/94        03/29/04
        520 298-9046        SUNRISE PLACE           10/13/95        10/13/05
        520 298-9064        FILIBERTO'S             06/29/94        06/29/04
        520 298-9075        CHARLE'S TWO            12/29/93        12/29/03

 17

   Page No. 2
   11/08/96
                                EXHIBIT F
                          LOCATION AGREEMENTS

        ANI                 CUSTOMER                CONTRACT        EXPIRATION
                                                    DATE            DATE

        520 298-9806        WILMOT PLAZA            02/18/93        02/18/03
        520 298-9893        METRO FITNESS           03/03/95        03/03/05
        520 298-9894        THIRSTY'S NEIGHBORHOOD G&B10/03/95      10/03/05
        520 298-9907        TUCSON SPORTS & REC     03/11/95        03/11/05
        520 298-9981        ARBY'S                  09/08/93        09/08/98
        520 298-9982        ARBY'S                  09/08/93        09/08/98
        520 298-9983        MCDONALD'S              04/10/95        04/10/00
        520 322-0909        CATALINA COMPLEX ODEON  11/22/88
        520 322-0910        HRC AUTOMOTIVE          09/22/86        09/22/97
        520 322-0911        BOOKMAN'S USED BOOKS    01/20/88        01/20/98
        520 322-0992        CACTUS BOWL             02/08/95
        520 322-0999        GRANT ROAD CHEVRON      12/28/94        12/29/04
        520 322-9981        GRANT & SWAN EXXON      09/10/87        09/10/97
        520 322-9985        GRANT ROAD UNOCAL       01/14/88        01/14/98
        520 323-3897        FLINTS SELF SERVE       04/08/88        04/08/98
        520 323-3898        NEON MOON               11/23/93        11/23/03
        520 323-3905        RIVER POINT APARTMENTS  04/20/88        04/20/98
        520 323-3906        ECONO LUBE n' TUNE #108 04/30/93        04/30/03
        520 323-9906        PAVILLION AT ELCON      10/01/93        10/01/98
        520 323-9908        PAVILLION AT ELCON      10/01/93        10/01/98
        520 327-4398        CROSSROADS CINEPLEX ODEON06/06/88       06/06/97
        520 327-7316        CROSSROADS CINEPLEX ODEON06/06/88       06/06/97
        520 327-8495        SPEEDWAY OUTLET         01/24/91        01/24/01
        520 385-2596        SAN MANUEL CAFE         12/21/87        12/21/97
        520 421-1290        ARBY'S                  08/19/93        08/19/03
        520 426-9620        FAST MART CONVENIENCE STO03/01/95       03/01/95
        520 426-9621        FAST MART CONVENIENCE STO03/01/95       03/01/95
        520 426-9622        FAST MART CONVENIENCE STO03/01/95       03/01/05
        520 426-9625        MILO'S DISCOUNT LIQUOR  05/12/95        05/12/05
        520 426-9783        RICO DONUTS             10/22/94        10/22/04
        520 426-9787        DENNY'S                 02/08/95        02/08/01
        520 426-9789        JACK IN THE BOX         08/04/95        08/04/05
        520 426-9813        FILIBERTO'S             02/18/94        02/18/04
        520 426-9859        BROWN & BROWN MERCANTILE03/09/95        03/09/05
        520 466-9675        CARL'S JR. #827         02/18/94        02/18/04
        520 466-9676        CARLTS JR. #827         02/18/94        02/18/04
        520 487-2842        BENAGLIO'S CHEVRON      02/03/88        02/03/98
        520 487-2844        ONE STOP MARKET         08/19/88
        520 571-6446        TONY'S ITALIAN DELI     07/23/92        07/23/02
        520 571-8522        GEORGE'S EXXON          05/14/91        05/14/01
        520 571-8535        MUSIC BOX LOUNGE        01/26/88        01/26/98
        520 571-8550        TUCSON BOWL             02/08/95
        520 571-9407        VILLA DEL SOL APT.      01/15/88        01/15/98
        520 571-9412        EL DORADO CINEPLEX ODEON04/11/93        04/11/03
        520 571-9514        CACTUS MOON CAFE        12/21/94        12/21/04
        520 571-9515        CACTUS MOON CAFE        12/21/94        12/21/04
        520 571-9906        CARL'S JR. #568         02/14/95        02/14/05
        520 571-9910        1ST CHOICE              06/30/93        06/30/03
        520 571-9912        DAVIS UNOCAL            06/28/93        01/14/98

 18

        Page No. 3
     11/08/96
                                     EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT       EXPIRATION
                                                     DATE           DATE


        520 571-9927        CHURCH'S CHICKEN #778    08/30/93        08/30/03
        520 571-9937        BROADWAY BUILDING        08/26/93        08/26/03
        520 571-9938        EMILIANO'S               09/29/93        09/21/03
        520 571-9940        ARBY'S                   09/08/93        09/08/98
        520 571-9943        TERRITORIAL TAVERN       08/05/93        08/05/03
        520 571-9960        KYOTO BOWL #18           07/19/95        07/19/05
        520 571-9962        CARL'S JR. #560          02/14/95        02/14/05
        520 571-9964        CARL'S JR. #568          02/14/95        02/14/05
        520 571-9971        1ST CHOICE               04/22/94        04/22/04
        520 573-0771        CASA de MUEBLES          02/27/92        02/27/02
        520 573-0944        SANTA FE BAR & GRILL     09/15/95        09/15/05
        520 573-0947        CORNER MARKET            10/12/87        10/12/97
        520 573-7196        MISSIONDALE PALMS APTS.  02/14/91        02/14/01
        520 573-7197        MISSIONDALE PALMS APTS.  02/14/91        02/14/01
        520 574-0297        DUFFY'S DIESEL           03/16/93        03/16/03
        520 574-1375        APACHE T @ S MOTEL       02/07/92        02/07/02
        520 575-0100        FOOTHILLS CINEPLEX ODEON 06/06/88        06/06/97
        520 575-0113        PAYLESS CASHWAYS         07/17/95        07/17/97
        520 575-0122        DUNKIN DONUTS            10/16/87        10/16/02
        520 575-9758        PITTMAN'S UNOCAL         10/26/87        10/26/97
        520 575-9796        FIVE STAR BLIMPIE        01/13/95        01/13/00
        520 575-9840        VIVIAN'S CAFE            11/05/93        11/05/03
        520 578-2599        TUCSON MNTN TRADING POST 12/29/87        12/29/99
        520 579-1460        ARBY'S                   08/30/94        08/30/02
        520 620-1216        CAFE POCA COSA           06/30/92        06/30/02
        520 620-1729        AVEDIS ENT.              08/02/95        08/02/05
        520 620-1742        TANIA'S RESTAURANT       01/04/91        01/04/01
        520 620-6725        U. OF A. LIQUORS         08/20/90        08/20/00
        520 622-7511        CAFE COMIDAS             09/22/95        09/22/05
        520 622-8881        EPIC CAFE                05/10/94        05/10/04
        520 622-8896        MANDARIN GRILL           03/31/93        03/31/03
        520 622-8899        U WASH E Z               12/07/94        12/07/04
        520 622-8924        TIME MARKET              04/15/88        04/15/97
        520 622-8947        RILLITO MOBIL ROME PARK  04/23/93        04/23/03
        520 622-9102        BAXTER HEALTH  CARE      12/22/89        12/22/99
        520 622-9113        ASIA EXPRESS             12/05/95        12/05/05
        520 622-9114        FIRST AVENUE UNOCAL      06/28/93
        520 622-9135        IGUANA CAFE              07/07/93        07/07/03
        520 622-9156        HIMALAYA'S               12/12/95        12/12/05
        520 622-9261        CHESAPEAKE BAGEL BAKERY  01/10/96        01/10/06
        520 622-9353        GINS OIL EXPRESS         01/31/96        01/31/06
        520 622-9794        BARRIO BAR & GRILL       02/23/96        02/23/06
        520 622-9972        BENITOIS                 02/23/96        02/23/06
        520 622-9978        BOATNERS GAS STATION     05/15/96        05/15/06
        520 623-4769        BOYS & GIRLS CLUB- TUCSON02/06/92
        520 623-9754        ADA INC.                 07/24/87        07/24/97
        520 624-4985        MILLER'S SURPLUS         02/28/92        02/28/02
        520 628-7522        WORLD GYM                03/15/93        03/15/00
        520 682-6983        PICTURE ROCK CAFE        05/20/93        05/20/03
 19

   Page No. 4
   11/08/96
                                          EXHIBIT F
                                     LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT       EXPIRATION
                                                     DATE           DATE

        520 682-9833        THE WATERHOLE           10/24/96        10/24/06
        520 682-9982        VALLEY OF THE SUN       02/24/93        02/24/03
        520 690-9951        TONY ROMA'S             05/10/93        05/10/03
        520 690-9972        ARBY'S                  09/08/93        09/08/96
        520 696-9789        LONG JOHN SILVERS       09/27/95        09/27/05
        520 696-9798        CHESAPEAKE BAGEL BAKERY12/15/95         12/15/05
        520 721-4355        BASKIN ROBBINS          07/07/92        07/07/02
        520 721-9750        REDDINGTON PLAZA        05/17/93        05/17/03
        520 721-9752        TONY ROMAIS             05/10/93        05/10/03
        520 721-9754        UNICORN SPORTS LOUNGE   05/08/95        05/08/05
        520 721-9847        TANQUE VERDE PLAZA      12/08/95        12/08/05
        520 721-9863        MCDONALD'S              10/05/94        10/05/04
        520 721-9865        MCDONA.LD'S             10/05/94        10/05/04
        520 721-9866        COUSINS SUBS            09/12/94        09/12/04
        520 721-9951        CITY GRILL              10/17/94        10/17/04
        520 721-9953        ARBY'S                  10/13/94        10/13/04
        520 721-9971        LONG JOHN SILVERS       07/13/95        07/13/05
        520 722-0125        PAYLESS CASHWAYS        07/17/95        07/17/97
        520 722-0151        GARNER EXXON            01/18/88        01/18/98
        520 722-9531        EDDIE'S                 06/25/92        06/25/02
        520 722-9864        ELAN MANAGEMENT CORP.   09/18/95        09/18/05
        520 722-9984        CARL'S TR. #167         02/14/95        02/14/05
        520 741-2922        LOS GRANDES PLAZA       02/14/92        02/14/02
        520 741-2931        LOUIS MARKET            10/09/87        10/09/97
        520 741-2932        WALTER'S SUPERMARKET    10/26/92        12/26/02
        520 741-2941        BROADLOOM MOTEL         12/23/87        12/23/97
        520 741-2943        HOWDY MANOR             10/30/87        10/30/97
        520 741-2960        TUCSON PARK HOLIDAY LAUND10/13/87       10/13/97
        520 741-2966        CHOICE MARKET           12/23/87        12/23/97
        520 741-2972        H & H PAWN SHOP         01/06/88        01/06/98
        520 741-7904        LA ESTRELLA BAKERY      08/22/90        08/22/00
        520 741-9580        ECONO LUBE n' TUNE #116 04/30/93        04/30/03
        520 744-2964        CARL'S JR. #441         02/14/95        02/14/05
        520 745-0396        LUKE'S                  07/28/92        07/28/02
        520 745-2586        DAVIS UNOCAL            01/14/88        01/14/98
        520 745-5512        RESEARCH CORP TECHNOLOGY08/12/92        08/12/97
        520 745-9955        WESTWOOD RESIDENTIAL    07/03/95        07/03/05
        520 746-9079        LUCKY WISHBONE          01/06/95        01/06/03
        520 746-9547        MEI HEN                 06/07/96        06/07/06
        520 746-9753        CATTLETOWN              09/11/95        09/11/05
        520 746-9764        CATTLETOWN              09/11/95        09/11/05
        520 748-9921        LONG JOHN SILVERS       07/13/95        07/13/05
        520 748-9940        GOLDEN CORRAL           01/26/95        01/26/05
        520 748-9952        GOLDEN CORRAL           01/26/95        01/26/05
        520 749-6000        CHUY'S BAJA BROILER #3  01/27/93        01/27/03
        520 749-8005        CHUY'S BAJA BROILER #3  01/27/93        01/27/03
        520 749-9930        BOX SEATS GRILL & PUI3  07/07/94        07/07/04
        520 750-9513        EL DORADO CINEPLEX ODEON04/11/93        04/11/03
        520 751-1559        LUKE'S                  07/17/92        07/17/02

 20

        Page No. 5
        11/08/96
                                      EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT       EXPIRATION
                                                     DATE           DATE

        520 760-9821        MCDONALD'S              05/03/95        05/03/05
        520 770-1790        PONDEROSA BAR           10/16/92        10/16/02
        520 770-8900        JAIME'S BAR             05/11/93        11/11/95
        520 770-8901        JAIME'S BAR             05/11/93        11/11/95
        520 770-8907        BOYS & GIRLS CLUB       02/12/93
        520 770-8949        EL INDIO                11/11/93        11/11/03
        520 770-8968        LIZZARRAGA'S            09/21/93        09/21/03
        520 770-8971        STONEWALL EAGLE         08/18/93        08/18/03
        520 770-8979        CHURCH'S CHICKEN #689   08/30/93        08/30/03
        520 770-8983        EL ZANPE                04/27/95        04/27/05
        520 770-8991        DIAMOND AUTO REPAIR     08/22/95        08/22/05
        520 791-9692        OVER PASS CAFE          08/05/93        08/05/03
        520 792-0160        EL MEZON DEL COBRE      07/12/92        07/12/02
        520 792-8718        N.Y.C. INC.             08/02/94        08/02/04
        520 792-8719        ARTISAN'S WELL          11/29/93        11/29/03
        520 792-8721        WEST GRANT RD. EXXON    01/05/95        01/05/05
        520 792-8724        GYMIS                   11/30/93        11/30/03
        520 792-8728        WEST GRANT RD. EXXON    01/05/95        01/05/05
        520 792-8729        GENTLE BEN'S            06/26/96        06/26/06
        520 792-8738        GENTLE BEN'S            06/26/96        06/26/06
        520 792-8741        EL RIO BAKERY           11/15/94        11/15/04
        520 792-8754        NIGHT SHIFT BAR         10/12/94        10/l2/04
        520 792-8756        GENTLE BEN'S            06/26/96        06/26/06
        520 792-8772        CARL'S JR. #440         02/14/95        02/14/05
        520 792-8790        THRIFT WORLD            06/29/95        06/29/05
        520 792-8796        PARAGON                 07/11/95        07/11/05
        520 792-8811        CARL'S JR. #440         02/14/95        02/14/05
        520 792-8814        KING DONUT              06/21/96        06/21/06
        520 792-8818        CARL'S JR. #571         02/14/95        02/14/05
        520 792-8842        PACK-EM INN             03/11/94        03/11/04
        520 792-8843        CLUCK-U-CHICKEN CO.     03/24/94        03/24/04
        520 792-8845        CHUY'S MESQUITE         05/31/94        05/31/04
        520 792-8865        LIMBONG LIQUOR STORE    12/02/94        12/02/04
        520 792-8867        THRIFT WASH             12/07/94        12/07/04
        520 792-8884        VIDA SERENA             01/15/88        01/15/03
        520 797-2810        CHURCH'S CHICKEN #56    08/30/93        08/30/03
        520 798-3908        CHANGS FAST FOOD        08/20/90        08/20/00
        520 798-3917        A & S MINI MART         08/01/90        08/01/00
        520 798-3918        CASHWAY MEAT MARKET     04/18/96        04/18/06
        520 825-1168        ORACLE JMCTION CARRYOUT 06/21/94        06/21/04
        520 836-2562        D & S LAUNDROMAT        11/19/93        11/19/03
        520 836-4604        BEST WESTERN CASA GRANDE10/22/93        10/22/01
        520 836-7088        CHURCH'S CHICKEN #848   10/14/94        10/14/04
        520 836-7546        DENNY'S                 02/08/95        02/08/03
        520 881-6259        DUNN APARTMENTS         09/08/92        09/08/02
        520 881-8762        B B-Q RANCH             04/23/88        04/23/98
        520 881-8771        CONVENIENT MART & DELI  12/21/87        12/21/97
        520 881-8772        EL CAMPO SHOPPING CENTER11/23/87        11/23/99
        520 881-8781        SAN CLEMENTE SHOPPING CTR09/25/94       09/25/04

 21

     Page No.  6
     11/08/96
                                      EXHIBIT F
                    LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT       EXPIRATION
                                                     DATE           DATE

        520 981-9107        CHURCH'S CHICKEN #1167  08/30/93        08/30/03
        520 881-9203        TERRY & ZEKE'S          09/08/93        09/08/96
        520 881-9255        MATRIXX MARKETING       08/22/96        08/22/99
        520 881-9256        MATRIXX MARKETING       08/22/96        08/22/99
        520 881-9259        ALL STAR COIN LAUMROMAT 05/27/93        05/27/03
        520 881-9272        ARBY'S                  09/08/93        09/08/96
        520 881-9276        MATRIXX MARKETING       08/22/96        08/22/99
        520 881-9291        ALVERNON DONUTS         12/07/94        12/07/04
        520 881-9296        MATRIXX MARKETING       08/22/96        08/22/99
        520 881-9343        TACOS DON JUAN          10/29/93        10/29/03
        520 881-9370        WHEEL DONUT             01/25/94        01/25/04
        520 881-9375        PAT CHANCE              08/23/95        08/23/05
        520 881-9376        PRONTO                  12/28/93        12/28/03
        520 881-9378        ORIGINAL HAMBURGER STAND12/30/93        12/30/03
        520 881-9390        JIMMY HOLIDAY'S         11/07/94        11/07/04
        520 881-9568        SENOR SAMMY'S           08/30/94        08/30/04
        520 881-9569        SWAN CREST APARTMENTS   12/20/95        12/20/05
        520 881-9571        TOKYO RICE BOWL         01/31/96        01/31/06
        520 881-9706        BASHFUL BANDIT          11/10/87        11/10/97
        520 881-9759        GEEIS GARDEN            01/03/95        01/03/02
        520 882-0493        LA PLACITA VILLAGE      11/09/92
        520 882-3982        ROME DEN                02/06/91        02/06/01
        520 882-4253        LAMPPOST LIQUORS        01/22/91        01/22/01
        520 882-5060        LATIN-AMERICAN CLUB     04/10/91        04/10/96
        520 882-7995        PAYLESS CASHWAYS        07/17/95        07/17/97
        520 882-9532        VIDA SERENA             01/15/88        01/15/03
        520 884-5316        MENLO PARK VIDEOS       03/20/92        03/20/02
        520 884-7141        PIONEER PLAZA           03/01/93        03/01/03
        520 884-8182        NEW EMPIRE FOOD MARKET  01/28/88        01/28/98
        520 884-8211        QUEEN DONUT             06/26/96        06/26/06
        520 884-8227        GRANTSTONE, INC.        09/10/87        09/10/97
        520 884-8257        J. J. NEWBERRY'S  #1504 02/01/88        02/01/98
        520 884-8261        TUCSONIAN APARTMENTS    12/23/87        12/23/97
        520 884-8301        VIDA SERENA             01/15/88        01/15/03
        520 884-8351        MIDTOWN LIQUORS         09/04/87        09/04/97
        520 884-8364        MARIA'S RESTAURANT      02/11/88        02/11/98
        520 884-8375        SPARKLE CLEANERS        10/14/87        10/14/97
        520 884-8420        EGG ROLL HOUSE          01/19/88        01/19/03
        520 884-8521        KEG BEER KOUNTRY        03/10/88        03/10/98
        520 884-8841        COST LESS AUTO PARTS    01/06/88        01/06/98
        520 884-8868        DOUBLE "C" DRIVE-IN     03/03/88        03/03/96
        520 884-8957        TIME MARKET             04/15/88        04/15/97
        520 884-8990        GRANTSTONE, INC.        09/10/87        09/10/97
        520 884-9096        JERRY'S LEE HO MARKET   11/19/87        ii/ig/97
        520 885-1262        HOME DEPOT #0465        05/15/90        Os/is/oo
        520 885-4852        CASA DEL RIO RESTAURANT 07/13/92        07/13/02
        520 887-8492        HOME DEPOT #0466        05/15/90        05/15/00
        520 888-9299        OLD AMERICA STORE #66   02/24/93        02/24/03
        520 888-9849        DAY BREAK CAFE          08/27/96        08/27/06

 22

Page No. 7
11/08/96
                                      EXHIBIT F
                                 LOCATION AGREEMENTS

        ANI                 CUSTOMER                 CONTRACT       EXPIRATION
                                                     DATE           DATE

        520 888-9922        CARL'S JR. #436         02/14/95        02/14105
        520 888-9923        CARL'S JR. #593         02/14/95        02/14/05
        520 889-2416        SANTA FE BAR & GRILL    09/15/95        09/15/05
        520 889-2470        LOS GRANDES PLAZA       02/14/92        02/14/02
        520 889-4024        LOS AMIGOS MEAT MARKE   07/30/92        07/30/02

 23

                                       EXHIBIT "G"
                                 OFFICER'S CERTIFICATE

       I, David Westfere, President of United Payphone Services, Inc. ("SELLER")
       hereby swear, attest and certify to Tra-Tel Communications, Inc.
       ("BUYER") as follows:
  
       The execution and delivery of the Asset Purchase Agreement and all
       agreements and documents contemplated hereby by SELLER, and the
       consummation by SELLER of the transaction contemplated hereby, have been
       duly authorized by all requisite corporate action.
  
       EXECUTED this 15th day of November, 1996.
  



       David Westfere
       President
       United Payphone Services, Inc.