CGF Industries, Inc. and Subsidiaries - Page 54



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                                      APPENDIX D                                      

                                     Mar. 31, 1989                                    
                                                              Gill                    
                                         Net      Gopher   Industries,    Falcon      
                                       Venture    Fund     L.P.           Fund        
     Lincoln Partnership #1, L.P.     $2,295,308   -0-         -0-         -0-        
                                        (89%)                                         
     Lincoln Partnership #2, L.P.     2,573,908    -0-         -0-         -0-        
                                        (100%)                                        
     Lincoln Partnership #3, L.P.     2,574,495    -0-         -0-         -0-        
                                        (100%)                                        
     HFC Partnership, L.P.            2,572,154    -0-         -0-         -0-        
                                        (100%)                                        
     Lincoln 88 Partnership, L.P.     4,005,510    -0-         -0-         -0-        
                                        (100%)                                        
     Lincoln Partnership #11, L.P.    5,278,795    -0-         -0-         -0-        
                                        (100%)                                        
     Two Thousand Eight Partnership, L.P.5,239,295    -0-         -0-         -0-        
                                        (100%)                                        
     Donlan Partnership #1, L.P.      5,239,295    -0-         -0-         -0-        
                                        (100%)                                        
     HFC2 Partnership, L.P.           5,189,295    -0-         -0-         -0-        
                                        (100%)                                        

                                     Mar. 31, 1990                                    
     Lincoln Partnership #1, L.P.     2,344,260    -0-         -0-         -0-        
                                        (89%)                                         
     Lincoln Partnership #2, L.P.     2,608,416    -0-         -0-         -0-        
                                        (100%)                                        
     Lincoln Partnership #3, L.P.     2,519,273    -0-         -0-         -0-        
                                        (97%)                                         
     HFC Partnership, L.P.            1,315,254  $300,830   $768,644       -0-        
                                        (52%)     (12%)       (31%)                   
     Lincoln 88 Partnership, L.P.     4,306,465    -0-         -0-         -0-        
                                        (100%)                                        
     Lincoln Partnership #11, L.P.    5,662,646    -0-         -0-         -0-        
                                        (100%)                                        
     Two Thousand Eight Partnership, L.P.5,661,210    -0-         -0-         -0-        
                                        (100%)                                        
     Donlan Partnership #1, L.P.      5,640,410    -0-         -0-         -0-        
                                        (100%)                                        
     HFC2 Partnership, L.P.           2,843,922  601,660    1,537,288      -0-        
                                        (54%)     (11%)       (29%)                   


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