William and Joan Spears - Page 10

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               The general partner of each of the SAB recycling                       
          partnerships, including SAB Reclamation and SAB Recycling, is SAB           
          Management Ltd. (SAB Management).  SAB Management is wholly owned           
          by Scanbo Management Ltd. (Scanbo),6 which is wholly owned by               
          Becker.  The officers and directors of SAB Management and Scanbo            
          are:  (1) Becker, president and director; (2) Noel Tucker                   
          (Tucker), vice president, treasurer, and director; and (3) Steven           
          Leicht (Leicht), vice president, secretary, and director.  During           
          the years in issue, Tucker and Leicht also worked at Becker Co.             
          Tucker was vice president.  Each owned approximately 5 to 7                 
          percent of the stock of Becker Co.  SAB Management did not engage           
          in any business before becoming involved with the SAB recycling             
          partnerships.                                                               
               With respect to each of the Partnerships, a private                    
          placement memorandum was distributed to potential limited                   
          partners.  Reports by F & G's evaluators, Dr. Stanley M. Ulanoff            
          (Ulanoff), a marketing consultant, and Dr. Samuel Z. Burstein               
          (Burstein), a mathematics professor, were appended to the                   
          offering memoranda.  In a section highlighting potential                    
          conflicts of interest, each of the memoranda notes that Burstein            
          was a client and business associate of Elliot I. Miller (Miller),           
          the corporate counsel to PI.                                                

          6    Scanbo is an acronym for three of Becker's children:  Scott,           
          Andy, and Bonnie.                                                           





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