- 6 - partner position. In November 1982, CFS notified Kellen that he had been selected to serve as the general partner of Utah I. Shortly thereafter, CFS notified Kellen that the investing group intended to form three additional jojoba limited partnerships and asked Kellen if he would serve as the general partner for these additional limited partnerships. Kellen agreed and became the general partner of four jojoba research and development limited partnerships, including Utah I. When he became general partner in 1982, Kellen had no prior experience in the growing of jojoba. At that time, Kellen's knowledge of jojoba was limited to articles he read in National Geographic and his familiarity to some extent with the experimental jojoba plantations located at the University of California at Riverside. Kellen and Pace had known each other since 1975. Then Pace owned a 96-acre orange grove located across the street from Kellen's residence in Riverside, California. Pace wished to develop the orange grove through a syndication. After learning that Kellen was a civil engineer as well as an attorney, Pace engaged Kellen to assist him in subdividing the land. Kellen successfully completed the subdivision of Pace's land in approximately 1979. Pleased with Kellen's handling of the sale of the orange grove, Pace remained in contact with Kellen after the sale was completed.Page: 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