Estate of Burton W. Kanter, Deceased, Joshua S. Kanter, Executor, and Naomi R. Kanter, et al. - Page 5

                                         -5-                                          
               2.  IRA’s Transfers to Carlco, TMT and BWK of                          
          Funds Paid by The Five  ........... 168                                     
          a.  Funds Paid by The Five to IRA During 1977                               
          Through 1983 Transferred to Carlco, TMT,                                    
          and BWK ................. 168                                               
                    (i).    Transfers From Zeus to IRA ... 169                        
                          (ii).   IRA’s Transfer of Its Interest                     
          in Essex Partnership ...... 170                                             
          (iii).  IRA’s Transfer of Its Interest                                      
          in Sherwood Partnership ..... 171                                           
             (iv).   Accounting Treatment ...... 172                                  
                          (v).    Additional Capital Contributions                   
          to Sherwood Partnership ..... 173                                           
          b.  Transfer of Funds Paid by The Five During                               
          1984 Through 1989 to Carlco, TMT, and BWK 174                               
             (i).    Hyatt Corp. ........... 174                                      
             (ii).   Frey .............. 176                                          
             (iii).  Schnitzer/PMS .......... 176                                     
             (iv).   Essex Partnership ........ 176                                   
               c.  Carlco, TMT, and BWK Capital Accounts .. 177                       
               3.  The Disposition of Funds From Carlco, TMT, and                     
          BWK for the Benefit of Ballard, Lisle, Kanter,                              
          and Their Families .............. 178                                       
               a.  Ballard’s Use and Enjoyment of TMT’s                               
          Assets .................. 178                                               
          (i).    TMT’s Various Accounts ..... 178                                    
                   (ii).   Loans From TMT to Ballard and                             
          Ballard Entities ........ 178                                               
                    (iii).  TMT’s Property Transferred to                             
          Ballard ............. 181                                                   
                    (iv).   Investment in Melinda Ballard’s                           
          Company ............. 184                                                   
                   (v).    Ballard’s Disclosures to                                  
          Goldman Sachs .......... 185                                                
             (vi).   TMT’s Assets .......... 187                                      
               b.  Lisle’s Use and Enjoyment of Carlco’s                              
          Assets .................. 188                                               
             (i).    Carlco’s Various Accounts .... 188                               
                          (ii).   Lisle’s Personal Use of Carlco’s                   
          Funds ............. 189                                                     
             (iii).  Carlco’s Assets ........ 189                                     
               c.  Kanter’s Use and Enjoyment of BWK’s                                
          Assets .................. 190                                               
                          (i).    Salaries and Officer Compensation                  
          Paid to Kanter and His Son ... 190                                          
                    (ii).   Loans ............. 190                                   
                    (iii).  Gifts ............. 191                                   






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Last modified: May 25, 2011