Estate of H.A. True, Jr. - Page 177

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          Value as of             Book    Statutory   Kimball   Final   Respondent’s Court’s                   
          June 30, 1994           value    notice     reports    Lax     position    values                    
                                reported   value                report                                         
                                on return                                                                      
          Marketable Minority                                                                                  
          Value                   N/A       N/A     $31,069,285  N/A    $40,000,000 $31,069,285                
          Less: Marketability                       (10,874,250)        (4,000,000) (3,106,928)                
          Discount                N/A       N/A        35%       N/A       10%         10%                     
          Nonmarketable Minority                                                                               
          Value                   N/A       N/A      20,195,035  N/A     36,000,000  27,962,357                
          Value of 17.23%                                                                                      
          Interests (total)                                                                                    
          Transferred to True                                                                                  
          Sons                  4,400,744 11,871,469 3,479,605   N/A     6,202,800   4,817,914                 

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