EFTA01201497Set 9
1996-08-0939p10,431w
Member who is not a Class A or Class B
Managing Member.
"Non-Managing Membership Interest" means the Membership Interest of a Non-
Managing Member.
6
Dock USI:9600195v9
EFTA01201505 ... foregoing provisions of this Section 8.4 automatically shall be
converted into Non-Managing Membership Interests.
8.5 Death, Dissolution, Incapacity or Bankruptcy of a Manager.
8.5.1 Upon the dissolution, incapacity, termination ... Managing Member, his, her or its Managing Membership Interests shall be
converted to non-Managing Membership Interests). In that case, the remaining or successor
Managers of that Class of Membership
https://www.justice.gov/epstein/files/DataSet%209/EFTA01201497.pdf
EFTA00587592Set 9
1996-08-0939p10,431w
Member who is not a Class A or Class B
Managing Member.
"Non-Managing Membership Interest" means the Membership Interest of a Non-
Managing Member.
6
Dock USI:9600195v9
EFTA00587600 ... foregoing provisions of this Section 8.4 automatically shall be
converted into Non-Managing Membership Interests.
8.5 Death, Dissolution, Incapacity or Bankruptcy of a Manager.
8.5.1 Upon the dissolution, incapacity, termination ... Managing Member, his, her or its Managing Membership Interests shall be
converted to non-Managing Membership Interests). In that case, the remaining or successor
Managers of that Class of Membership
https://www.justice.gov/epstein/files/DataSet%209/EFTA00587592.pdf
EFTA01127903Set 9
2007-06-077p2,146w
Addendum 5.
I In assessing the lack of marketability discount applicable to a non-managing
membership interest in BFP, a number of specific factors were considered, including
the following ... value derived above in order to quantify the fair market value of non-managing
membership interests. After assessing all factors, it was determined that no less
than a 25% discount
https://www.justice.gov/epstein/files/DataSet%209/EFTA01127903.pdf
EFTA01108985Set 9
2014-06-30112p35,472w
Valuation of a 25% non-managing membership interest
As of June 30, 2014
EMPIRE
VALUATION CONSULTANTS. uk
EFTA01108985
Table of Contents
Executive Summary 1
Valuation Standards 1
Sources of Information ... Valuation Consultants, LLC ("Empire") to estimate the fair
market value of a 25% non-managing membership interest (the "Interest") in LDB 2011
LLC ("LDB" or the "Company") as of June ... marketable securities, multiple private equity investments,
restricted investments, the Fine Art, a 14.925% non-managing membership interest in PLB,
and receivables from related parties. Details regarding the assets are provided
https://www.justice.gov/epstein/files/DataSet%209/EFTA01108985.pdf