Estate of H.A. True, Jr. - Page 138

                                                   - 216 -                                                     
          Value as of           Book value  Statutory    Kimball   Final Lax  Respondent’s  Court’s            
          June 30, 1994         reported on  notice      reports     report   position      values             
                                  return     value                                                             
          Entity Value                                                                                         
          (Controlling Basis)      N/A        N/A         N/A         N/A     $34,200,000    N/A               
          Less: Minority                                                      (3,420,000)                      
          Discount                 N/A        N/A         N/A         N/A        10%         N/A               
          Marketable Minority                                                                                  
          Value                    N/A        N/A      $34,623,000    N/A     30,780,000  $30,780,000          
          Less: Marketability                          (13,849,200)           (3,078,000) (9,234,000)          
          Discount                 N/A        N/A         40%         N/A        10%         30%               
          Nonmarketable Minority                                                                               
          Value                    N/A        N/A       20,773,800    N/A     27,702,000   21,546,000          
          Value of 17.23%                                                                                      
          Interests (total)                                                                                    
          Transferred to True                                                                                  
          Sons                  2,528,315   8,976,312   3,579,326     N/A     4,773,055    3,712,376           

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