Epstein Secrets

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9440 PM 45." 9211 PO" MM ii." 44:0 481% 49110 46.4% o ouciooka oi 2 o a o%98 • oil o ill ,41up.14 < 410~ • It ono. • 2 %%91 4949 4 Kailas, roallonwo barn row 4.841Tonwo motim MOMS INMS4 UMW 52.444), $219444, I:A° 6941 42.4.1101 51000 8.114.411 11048.181 51.41014 140 100

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9440 PM 45." 9211 PO" MM ii." 44:0 481% 49110 46.4% o ouciooka oi 2 o a o%98 • oil o ill ,41up.14 < 410~ • It ono. • 2 %%91 4949 4 Kailas, roallonwo barn row 4.841Tonwo motim MOMS INMS4 UMW 52.444), $219444, I:A° 6941 42.4.1101 51000 8.114.411 11048.181 51.41014 140 100

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9440 PM 45." 9211 PO" MM ii." 44:0 481% 49110 46.4% o ouciooka oi 2 o a o%98 • oil o ill ,41up.14 < 410~ • It ono. • 2 %%91 4949 4 Kailas, roallonwo barn row 4.841Tonwo motim MOMS INMS4 UMW 52.444), $219444, I:A° 6941 42.4.1101 51000 8.114.411 11048.181 51.41014 140 100