Brinig & Co

<body background="brinig_lgwatermark2" topmargin="0" leftmargin="0"> <p align="left"><b><font color="#8B2534" face="Times New Roman" size="6">B</font><font color="#8B2534" face="Times New Roman" size="5">USINESS </font><font color="#8B2534" face="Times New Roman" size="6">V</font><font color="#8B2534" face="Times New Roman" size="5">ALUATION </font><font color="#8B2534" face="Times New Roman" size="6">S</font><font color="#8B2534" face="Times New Roman" size="5">ERVICES</font></b></p> <hr width="65%" color="#800000" align="left"> <p><font color="#8B2534" face="Times New Roman">Brinig & Company has extensive experience in the valuation of closely held businesses. <br> The firm provides assistance in business valuation matters for:</font></p> <div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="60%"> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Purchase and sale negotiations</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Purchase and sale agreements</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Marital dissolution/community property settlements</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Partnership or corporate dissolutions</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Eminent domain proceedings</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Estate, gift and other tax matters</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Stock contributions to charitable organizations</font></strong></li> </ul> </td> </tr> <tr> <td width="100%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">General business litigation</font></strong></li> </ul> </td> </tr> </table> </center></div><p><font color="#8B2534" face="Times New Roman">The firm has completed more than one thousand valuation assignments covering a wide spectrum of industries, including:</font></p> <div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="75%"> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Automotive</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Manufacturing</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Contracting</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Professional Practices</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Distribution</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Retail</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Financial Services </font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Sports & Leisure</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Hospitality</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Service</font></strong></li> </ul> </td> </tr> </table> </center></div><p><font color="#8B2534" face="Times New Roman">In addition, Brinig & Company has experience and expertise in valuing the intangible assets of businesses, including:</font></p> <div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="75%"> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Goodwill</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Copyrights</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Going Concern Value</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Leasehold Interests</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Existing Contracts </font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Licenses</font></strong></li> </ul> </td> </tr> <tr> <td width="50%"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Covenants Not to Compete</font></strong></li> </ul> </td> <td width="5%"></td> <td width="50%" valign="top"><ul> <li><strong><font color="#8B2534" face="Times New Roman">Patents</font></strong></li> </ul> </td> </tr> </table> </center></div><p><font color="#8B2534" face="Times New Roman">The philosophy of Brinig & Company is to provide thorough, objective valuation analyses of closely-held companies. <br> The firm accepts many of its valuation assignments by stipulation of the parties to a legal proceeding in which the value of a business entity is at issue. Brinig & Company has acted as an arbitrator of business valuation matters and has been appointed by the courts on many occasions. <br> Business valuations prepared by Brinig & Company have been successfully defended in the courts many times.</font></p> <p> </p> <p><font size="4" color="#8B2534" face="Times New Roman"><b>Community Property Matters</b></font></p> <p><font color="#8B2534" face="Times New Roman">The valuation of a going business or professional practice in a community property division is a complicated process requiring a broad-based knowledge of the laws pertaining to community property business valuations. Although Brinig & Company does not render legal services, the firm has significant experience in community property assignments, including the valuation of non-salable professional goodwill and calculations relating to the allocation of business appreciation between community and separate property (<i>Pereira </i>and <i>Van Camp </i>analyses).</font></p> </body>