CONFIDENTIAL 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 , J.P.Morgan Direct Gift G ft of non-voting FLPILLC units Gift of Residual Units Year 10 Direct gift: 53.2MM growing to 512.9MM Ins appreciated cost of gift tax of 52.0MM FLPALC: $3.2MM growing to 512.9MM less appreciated cost