Estate of Burton W. Kanter, Deceased, Joshua S. Kanter, Executor, and Naomi R. Kanter, et al. - Page 198

                                                -270-                                                   
            approximately $250,000 that IRA lent to KWJ Partnership during                              
            1985 to 1989 (which was used to make consulting payments to                                 
            Ballard’s and Lisle’s adult children, discussed below).                                     
                  By the end of 1989, IRA’s records reflected that it had                               
            transferred capital contributions and paid-in capital to Carlco,                            
            TMT, and BWK as follows:                                                                    
                        Carlco            TMT              BWK                                          
                        $2,938,173      $2,938,267         $652,250                                     
                  3.  IRA Loans to Kanter, Ballard, and Lisle                                           
                  a.  IRA Loans to Ballard and Ballard’s Trusts                                         
                  During the period 1974 to 1988, IRA, IFI, and HELO made                               
            loans to three of Ballard’s grantor trusts (CMB Cinema Trust, CMB                           
            Cinema Trust II, and Summit Trust) as well as separate loans to                             
            Ballard individually.  As of December 1987, IFI held receivables                            
            or notes due from Ballard and his grantor trusts totaling                                   
            approximately $380,000.                                                                     
                  b.  IRA Loans to Lisle and Lisle’s Trusts                                             
                  During the period 1974 to 1990, IRA, IFI, HELO, TACI, and                             
            BWK made loans to three of Lisle’s grantor trusts (RWL Cinema                               
            Trust, RWL Cinema Trust II, and Basking Ridge Trust) as well as                             
            separate loans to Lisle individually.  As of December 1987, IFI                             
            held receivables or notes due from Lisle and his grantor trusts                             
            totaling approximately $202,000.                                                            







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