Pays 11 675 Cash on 2 74 10 interest

Pays $11, 675 Cash on 2/74 10% interest in 5 horses 10% of all winnings Agrees to shoulder 10% of all expenses Option to purchase a further 25% interest in same 5 horses based on value at 2/74 PR man retains custody and control of the 5 horses. PR man has 15 horses (but is not in business of promoting and selling percentage interests in race horses. Only once before had he sold an interest in any of his horses). That is, equivalent to a share, not of gross receipts, but of profits.

2/28/78 Weavers (Sam & Alice) $ $50, 000 CD Marine Bank 6 year CD FDIC insured up to $40, 000 3/17/78 Weavers Pledged the CD to guarantee Bank loan of $65, 000 to Columbus Packing Co. (now defunct) A. Already owed Marine Bank $33, 000 for prior loans; and B. Was substantially overdrawn on its checking account. Marine Bank

Citibank and CNAI Steinhardt (Citibank of North America Inc. ) (investment firm) Sale of a portfolio % 90 90 3, 100 M loans + 900 REO Properties Steinhardt contributed $42 million (10% of purchase price of the portfolio) to the capital of Bristol LPP. g in nc nt me ay np ina F er ow hd s ca ll Se % 10 for io fol ort ll p ill. Se 15 m M $4 % PM of Bristol LPP GP: BGO (1% interest) To issue debt securities (nonrecourse bonds to be underwritten by CSI [Citicorp Securities Inc. ]) and equity securities, in the form of partnership interests, to repay the Citibank and CNAI loans (the “bridge financing). LP #1: Steinhardt (thru its affiliate, C. B. Mtge. , LPP) holds a 98. 79% interest LP #2: OLS, Inc. (an Ontra affiliate). 21% Int. Bristol LLP K: Ontra to service the properties. Ontra affiliate, BGO, Became GP for a 1% contribution (Ontra owns 100% of BGO) ONTRA