Estate of Mario E. Bosca, Deceased, Marie A. Baker Formerly Marie A. Bosca, Executor - Page 15

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                  On May 25, 1990, pursuant to a recapitalization                     
                  of the stock of the Hugo Bosca Company, Inc.,                       
                  the Donor exchanged his 402.5 shares of voting                      
                  common stock of the Hugo Bosca Company, Inc.,                       
                  for 402.5 shares of a newly created class of non-                   
                  voting common stock of the Hugo Bosca Company,                      
                  Inc.  The non-voting common shares provided the                     
                  same rights as the voting common shares given up                    
                  except for the voting rights.  The ownership of                     
                  the shares of stock immediately before and                          
                  immediately after the recapitalization was as                       
                  follows:                                                            
                                PRE-RECAP            POST-RECAP                       
             Relationship  Voting                    Voting   Nonvoting               
                                to Donor   Common    Common    Common                 
                  Mario Bosca   Donor       402.5    --      402.5                    
                  Marie Bosca   Wife        292.5    --     [1]292.5                  
                  Christopher Bosca Son     55.0     55.0    --                       
                  Anthony Bosca     Son     55.0     55.0    --                       
                  Under the facts and circumstances of the                            
                  recapitalization, it is the Donor's position that                   
                  the recapitalization did not result in a gift by                    
                  the Donor.                                                          

                  [1This schedule does not reflect Ms. Baker's                        
                  transfer of her HBC stock to the decedent.]                         

                  Ms. Baker also filed Form 706, United States Estate                 
             (and Generation-Skipping Transfer) Tax Return, on behalf of              
             the decedent's estate.  The return reports a total gross                 
             estate of $9,604,543.03 and total allowable deductions of                
             $9,008,628.03 for a taxable estate of $595,915.  It also                 
             reports adjusted taxable gifts of $527,217 for a total of                
             $1,123,132 subject to tentative tax.  The adjusted taxable               
             gifts reported on the decedent's estate tax return,                      





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Last modified: May 25, 2011