1.

U.S. Private Equity Group

$15.5M cash
$2.5M – 3 year note

$18.0M

$18.0M

2.

$200M U.S. Public Co.

$15M
$5M – 5 year note
$4M – 2 year earn-out

$24.0M

$23.6M

3.

U.S. Private Equity Group

$25M cash
$5M – 3 year note

$30.0M

$30.0M

4.

$10B U.K. Private Co.

$19M cash

$19.0M

$19.0M

5.

$2B U.S. Private Co.

$25M cash
$7.95M – 3 year note

$32.95M

$32.95M

6.

$600M U.S. Private Co.

$23M cash
$6M – 3 year note

$29.0M

$29.0M

Accepted Offer:

* Enterprise Value ** Net Present Value