1.

$200M British Public Co.

$600K cash
$400K note
$1.0 M -5 year earn-out

$2.0M

$1.7M

2.

$2B Asian Public Co.

$1.0M cash
$2.5 M -5 year earn-out

$3.5M

$3.0M

3.

$25M U.S. Private Co.

$0.5M cash
$.7M – note
$2.5M – 3 year earn-out

$3.7M

$3.2M

4.

$110M French Public Co.

$2.5M cash
$0.8M -1 year earn-out

$3.3M

$3.2M

5.

$100M U.S. Public Co.

$1.0M cash
$1.2M – note
2.5M – 5 year earn-out

$4.7M

$4.2M

6.

US Private Equity Group

$2.5M cash
$2.5M -5 year note

$5.0M

$5.0M

Accepted Offer:

* Enterprise Value ** Net Present Value