- 8 - investments in jojoba. He attended an all-day seminar on jojoba given by Yermanos at the University of California at Riverside. Sometime during late 1980, Berberich met Whittaker in Los Angeles, California. He was impressed with her scientific background and with the fact that her father was William Whittaker, founder of the Whittaker Corp., which was a publicly traded company. Berberich traveled with his friends to Hyder, Arizona, and examined the jojoba plantation planted by HJI there. To invest in Whittaker's jojoba farming, Berberich and his associates became the first limited partners in HJP. At that time, Berberich had no prior experience in agriculture or agricultural investments. Whittaker, Berberich, and others believed that the successful commercialization of jojoba depended on the industry's developing a significant and stable supply of jojoba seed. Following discussions with Berberich, during late summer or early fall of 1981, Whittaker developed a preliminary proposal relating to research regarding plant selection and propagation, nutrient applications, water requirements, and pollination requirements that might be conducted in connection with a jojoba limited partnership investment. During 1981, Whittaker and Berberich agreed that Berberich would form, and serve as the general partner of, a new limited partnership named Jojoba Development Partners, Ltd. (JDP). The decision to form this partnership had been made, at least in principle, by the time Whittaker preparedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011