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

4 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR& LlM Meal 1/0er Loam J«..911.1111 3~102939 3.s304010 301/11 1•11

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

4 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR& LlM Meal 1/0er Loam J«..911.1111 3~102939 3.s304010 301/11 1•11

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

4 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR& LlM Meal 1/0er Loam J«..911.1111 3~102939 3.s304010 301/11 1•11