Stephen H. Glassley and Judith Glassley, et al. - Page 6

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          teaching position in 1978 to consider entering private business             
          and then took a sabbatical year, during which she investigated              
          jojoba more intensively.  By the end of 1978, she had decided to            
          plant and farm jojoba as a business.  From 1978 through 1980,               
          Whittaker read extensively on the subject, attended international           
          conferences on jojoba, and consulted various authorities in the             
          field, including Dr. Demetrios Yermanos (Yermanos)5 of the                  
          University of California at Riverside and Dr. Lemoyne Hogan of              
          the University of Arizona.                                                  
               From September 1978 through the spring of 1979, Whittaker              
          searched for a location on which to develop a commercial jojoba             
          plantation.  Whittaker had experience in science and project                
          management but she had no experience in economics or business.              
          She therefore also sought advice during that time from friends              
          and colleagues about how to develop a commercial jojoba                     
          enterprise.                                                                 
               By June 1979, Whittaker identified a section of land in                
          Hyder, Arizona, on which to develop a commercial jojoba                     
          plantation.  At that time, with some associates, she formed Hyder           
          Jojoba, Inc. (HJI), a subchapter S corporation organized under              
          the laws of Arizona.  Whittaker became HJI's president and                  
          chairman and was its principal shareholder.                                 


          5    Dr. Demetrios Yermanos, a noted expert on the jojoba plant,            
          was recognized worldwide as a leader in the domestication of that           
          plant for commercial purposes.                                              




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