igth Islands CleePerslivi4ich has elected to be:tered se a nualified subchapter S subsidiary; . • . . , • • ; • '7' .WHEREAS.;,the Board bf, Ditottoti of ETC •deMinsined that it is iii the best interests of the Ecirporadoaand its sole shareholder, Jeffrey E. EisteM ("Epsteini; to transfer and dista