Estate of Wayne C. Bongard, Deceased, James A. Bernards, Personal Representative - Page 5

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          of his children and Terra Saxe, and funded it with shares of                
          Empak stock.  ISA Trust is described in further detail infra pp.            
          17-19.                                                                      
               On January 17, 1991, Empak incorporated Empak International,           
          Inc. (Empak International), as a wholly owned subsidiary.                   
          Pursuant to a joint venture agreement, Empak sold an interest in            
          Empak International to an unrelated foreign corporation.  See               
          infra p. 8 for greater details of this joint venture.                       
               Between April 22, 1991, and December 30, 1994, ISA Trust               
          made six distributions of shares of Empak stock to specific                 
          beneficiaries.  After each distribution, Empak redeemed the                 
          shares from the distributee for cash.  See infra pp. 18-19 for              
          specific details of these distributions/redemptions.                        
               On January 30, 1996, WCB Holdings, LLC. (WCB Holdings) was             
          established, but was not capitalized until December 28, 1996.               
          Before WCB Holdings was capitalized, two significant events                 
          occurred.  First, on April 18, 1996, Empak had a stock split of             
          223 to 1, significantly increasing the number of shares decedent            
          and ISA Trust owned.  See infra pp. 10-11 and p. 19. for details            
          regarding the stock split and its effect it on the Empak                    
          shareholders.  Second, in February 1996, Empak incorporated                 
          Emplast, Inc. (Emplast), and capitalized it with some of Empak’s            
          noncore assets.  On July 31, 1996, Empak distributed its Emplast            
          shares to decedent in exchange for some of his Empak shares,                






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