Epstein Secrets

BILITY HOLDINGS, INC. (NYSE:MMI) M,e, out `.11, Ito Orr, T . proud:. 0.41001,630. pruoxis. and ectric

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307490

BILITY HOLDINGS, INC. (NYSE:MMI) M,e, out `.11, Ito Orr, T . proud:. 0.41001,630. pruoxis. and ectric

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307389

BILITY HOLDINGS, INC. (NYSE:MMI) M,e, out `.11, Ito Orr, T . proud:. 0.41001,630. pruoxis. and ectric

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307288