Epstein Secrets

12" I.TL t" OM 4141 ..t" -MO 4094 blif% 0" 4".. 111 Tk Ca9n1 4840 nle as hoed «94.4498.1.8144% M..4. a , hieing. oalonsionpunkd ~no al Jr AM boot Ificeopabe%4Woilomon ~al oltud44Jon nikertslal~oro lo Son • es ortení ass, »watt ~no a.- Ida« 14 4 on.15944m10.91841m19•1944•40415494•34.11

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

12" I.TL t" OM 4141 ..t" -MO 4094 blif% 0" 4".. 111 Tk Ca9n1 4840 nle as hoed «94.4498.1.8144% M..4. a , hieing. oalonsionpunkd ~no al Jr AM boot Ificeopabe%4Woilomon ~al oltud44Jon nikertslal~oro lo Son • es ortení ass, »watt ~no a.- Ida« 14 4 on.15944m10.91841m19•1944•40415494•34.11

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

12" I.TL t" OM 4141 ..t" -MO 4094 blif% 0" 4".. 111 Tk Ca9n1 4840 nle as hoed «94.4498.1.8144% M..4. a , hieing. oalonsionpunkd ~no al Jr AM boot Ificeopabe%4Woilomon ~al oltud44Jon nikertslal~oro lo Son • es ortení ass, »watt ~no a.- Ida« 14 4 on.15944m10.91841m19•1944•40415494•34.11

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