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1986 Capital 1987 Capital
Partner Contrib. Contrib.
Bea Ritch trusts $29,900 $53,400
Cypress Lane Inv. 17,900 31,900
James Children's trust 3,000 5,500
Lawrence Children's trust 3,000 5,500
Lee Children's trust 3,000 5,500
Richard Children's trust 3,000 5,500
Kanter 6,100 3,600
Weisgal Revocable trust 6,100 3,600
From 1981 through 1986, Century Industries received "standby
commitment fees" from the following entities in the amounts
indicated:
Payer 1981 1982 1983 1984 1985 1986
Bayshore Marina -- -- -- -- -- $50,000
Century Capital -- $3,000 -- -- -- --
City & Suburban -- -- -- -- $3,000 --
Dist.
Computer Place- $13,500 7,000 -- -- -- --
ment Services
CPS Inv. -- -- $500 $2,000 3,500 --
Delphi Indus. -- -- -- -- 3,000 --
IRA 4,000 3,000 -- -- 4,000 --
James Ins. Tr. -- -- 5,000 -- -- --
Ry. Placement -- -- 4,500 -- -- --
Services
Satcorp -- -- -- 75,000 -- --
SiLite, Inc. 17,500 7,000 18,000 13,000 11,000 12,000
Stockholder -- -- -- 3,000 -- --
TAC -- -- -- -- 4,500 --
Holding Co. -- -- 1,000 -- -- --
Waco Capital -- -- -- -- 1,000 --
Zion -- -- 4,000 -- -- --
35,500 20,000 33,000 93,000 30,000 62,000
One of the entities paying commitment fees, SiLite, Inc.
(SiLite), had a history of acquiring other companies. During the
years at issue, SiLite paid a monthly retainer of $1,000 to
Century Industries for evaluation of investment opportunities.
In addition to the monthly retainer, SiLite occasionally paid
additional amounts for the analysis of investment opportunities.
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