Epstein Secrets

0 0 Comnra (54sifit 4161.750 0.15000 001053 924 4162 Comnra (54sifit 1.092300 0.17770 001692 191 1493 Comma cplorn - &MOO 000000 0 Lem Sink Cotenant (Moor& 11476692 5010699 $1.228 11.477 HIM Sink Wcoeleed Sulk Conwroctogoxn - 025000 $,040000 SO 0 Comma opoom 6.811.816 027000 0,0982

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

0 0 Comnra (54sifit 4161.750 0.15000 001053 924 4162 Comnra (54sifit 1.092300 0.17770 001692 191 1493 Comma cplorn - &MOO 000000 0 Lem Sink Cotenant (Moor& 11476692 5010699 $1.228 11.477 HIM Sink Wcoeleed Sulk Conwroctogoxn - 025000 $,040000 SO 0 Comma opoom 6.811.816 027000 0,0982

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

0 0 Comnra (54sifit 4161.750 0.15000 001053 924 4162 Comnra (54sifit 1.092300 0.17770 001692 191 1493 Comma cplorn - &MOO 000000 0 Lem Sink Cotenant (Moor& 11476692 5010699 $1.228 11.477 HIM Sink Wcoeleed Sulk Conwroctogoxn - 025000 $,040000 SO 0 Comma opoom 6.811.816 027000 0,0982

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