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

8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt

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

8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt

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

8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt