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This announcement is neither an offer to purchase nor a solicitation of an offer
 to sell Units. Each Offer is being made solely by the Offer to Purchase dated
     November 12, 2002 and the related Agreement of Transfer and Letter of
 Transmittal and is not being made to, nor will tenders be accepted from or on
    behalf of, Unit Holders residing in any jurisdiction in which making or
      accepting the Offer would violate that jurisdiction's laws. In those
 jurisdictions where the laws require the Offer to be made by a licensed broker
 or dealer, the Offer shall be deemed to be made on behalf of the Purchaser, if
  at all, only by one or more registered brokers or dealers licensed under the
                      laws of the applicable jurisdiction.

                           Notice of Offer to Purchase
            5,650 ORIGINAL Units of Limited Partnership Interests IN
                        INCOME GROWTH PARTNERS, LTD. X BY
                          EVEREST INVESTORS 10, LLC FOR
                              $651 per Unit in Cash

     Everest  Investors  10, LLC, a California  limited  liability  company (the
"Purchaser"),  is offering to  purchase  up to 5,650  Original  Units of limited
partnership  interest ("Units") in Income Growth Partners,  Ltd. X, a California
limited  partnership (the  "Partnership"),  at a cash purchase price of $651 per
Unit, without interest,  less the amount of the Distributions (as defined in the
Offer to  Purchase)  per  Unit,  if any,  made to the  holders  of Units  ("Unit
Holders") by the Partnership  after the date of the Offer, and less any transfer
fees charged by the Partnership, which the Partnership advised Purchaser are $50
per transfer (regardless of the number of Units transferred), upon the terms and
conditions  set forth in the Offer to Purchase,  dated  November 12, 2002, as it
may be  supplemented  or amended  (the "Offer to  Purchase")  and in the related
Agreement of Transfer and Letter of  Transmittal,  as it may be  supplemented or
amended (the "Letter of Transmittal,"  and, together with the Offer to Purchase,
the  "Offer").  The Offer is not  subject to  brokerage  commissions  and is not
conditioned upon financing.


The Offer, Withdrawal Rights and Pro-ration Period Will Expire At 5:00 p.m. Los
   Angeles Time on THURSDAY, DECEMBER 12, 2002, Unless the Offer Is Extended.


     For purposes of the Offer,  the  Purchaser  will be deemed to have accepted
for payment pursuant to the Offer, and thereby purchased, validly tendered Units
if, as and when the Purchaser gives oral or written notice to the Partnership of
the  Purchaser's  acceptance  of those Units for payment  pursuant to the Offer.
Upon the terms and  subject to the  conditions  of the Offer,  payment for Units
accepted for payment pursuant to the Offer will be made and transmitted directly
to the Unit Holders whose Units have been accepted for payment.
     The  Purchaser  is making the Offer for  investment  purposes  and does not
currently  intend  to  change  current   management  or  the  operation  of  the
Partnership  and does not have current plans for any  extraordinary  transaction
involving the Partnership.
     In all cases,  payment  for Units  purchased  pursuant to the Offer will be
made only after timely receipt by the Purchaser of: (i) a properly completed and
duly executed and acknowledged  Letter of Transmittal,  (ii) any other documents
required by the Letter of Transmittal,  and (iii) written  confirmation from the
Partnership  of the  transfer  of the Units to the  Purchaser.  If more than the
Units being  sought in the Offer are validly  tendered  and not  withdrawn on or
prior to the Expiration  Date, the Purchaser will, upon the terms and subject to
the conditions of the Offer,  accept and pay for an aggregate of the Units being
sought  in the Offer  (or,  if less,  the  maximum  number of Units  that can be
purchased without exceeding applicable  limitations on resales),  pro rata, with
appropriate  adjustments  to  avoid  purchases  of  fractional  Units.  Under no
circumstance  will interest on the purchase price for Units be paid,  regardless
of any extension of the Offer or delay in making the payment to Unit Holders.
     As used herein,  the term  "Expiration  Date" will mean the latest time and
date to which the Offer is extended by the Purchaser.  Subject to the applicable
regulations of the Securities and Exchange  Commission,  the Purchaser expressly
reserves  the right at any time to extend  the period of time  during  which the
Offer is open for any  reason,  including  the  occurrence  of any of the events
specified in the Offer to Purchase.  Any  extension  will be followed by a press
release or public announcement made no later than 9:00 a.m., New York City time,
on the next business day after the previously scheduled Expiration Date.
     Tenders of Units made  pursuant to the Offer are  irrevocable,  except that
Units tendered pursuant to the Offer may be withdrawn at any time on or prior to
the Expiration  Date and,  unless already  accepted for payment by the Purchaser
pursuant to the Offer, may also be withdrawn at any time after January 11, 2003.
For withdrawal to be effective,  a written  notice of withdrawal  must be timely
received  by the  Purchaser  at its  address  set forth on the back cover of the
Offer to  Purchase.  Any  notice  of  withdrawal  must  specify  the name of the
person(s)  who  tendered  the  Units to be  withdrawn  and must be signed by the
person(s) who signed the respective  Letter of Transmittal in the same manner as
such Letter of  Transmittal  was signed.  Any Units  properly  withdrawn will be
deemed not validly  tendered for purposes of the Offer.  Withdrawn  Units may be
re-tendered at any time prior to the Expiration Date.
     The information required to be disclosed by Rule 14d-6(d)(1) of the General
Rules and Regulations  under the Securities and Exchange Act of 1934, as amended
(the "Act"), is contained in the Offer to Purchase and is incorporated herein by
reference.
     The  Purchaser  has a list of Unit  Holders.  The Offer to Purchase and the
Letter of Transmittal and, if required,  other relevant materials will be mailed
to  registered  owners of the Units and will be furnished to brokers,  banks and
similar  persons  whose  names,  or whose  nominees,  appear on the list of Unit
Holders, or if applicable, who are listed as participants in a clearing agency's
security  position  listing for subsequent  transmittal to beneficial  owners of
Units. The Purchaser may also make a request under Rule 14d-5 under the Act, for
a new list of the Unit Holders for the purpose of disseminating the Offer to the
respective Unit Holders.  If made,  upon compliance by the Partnership  with the
request,  the Offer  materials will be mailed or furnished in the same manner as
described above to any Unit Holders on the new list that differ from Purchaser's
list.
     Questions and requests for  assistance  may be directed to the Purchaser at
its  address  and  telephone  number  set  forth  below.  Copies of the Offer to
Purchase  and the  related  Letter  of  Transmittal  may be  obtained  from  the
Purchaser,  and will be  furnished  promptly  at the  Purchaser's  expense.  The
Purchaser  will not pay any fees or  commissions  to any broker or dealer or any
other person for soliciting tenders of Units pursuant to the Offer.


                 Information About the Offer is Available From:
                            Everest Investors 10, LLC
            155 N. Lake Ave., Suite 1000, Pasadena, California 91101
              Telephone: (626) 585-5920; Facsimile: (626) 585-5929

November 12, 2002