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…45 EFTA01108986 1. Background 45 2. Restricted Stock Studies — Qualitative Assessment 45 3. Estimated Lack of Marketability Discount - Qualitative Analysis 45 4. Restricted Stock Study Data — Quantitative Assessment 47 5. Summary Findings from the 2013 Discount Study Data 48 6. Quantitative Analysis Based on 2013 Discount Study 48 7. Concluded Discount for Lack of Marketability / Fair Market Value 50 Valuation Summary 51 Valuation Addenda Valuation Exhibits EFTA01108987 EMPIRE VALUATION CONSULTANTS, PRIVATE & CONFIDENTIAL August II, 2015 Alan S. Halperin, Esq. Paul…