Free Sales Proforma Templates

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					NewCo Model Balances -- Circ Breaker Is On -- No Cash Minimum -- Pooling Accounting                                                                             Written By John P. Burns
NOTE - Remember To Switch Off Circ Breaker Once Data Has Been Entered and Select Iteration                                                                                          98.12.15
                                                                                    Project XXX
                                                                               Transaction Structure
   Performance Case: Base                                                                                                                                     3/24/2011 13:34
   (FYE January; $ in millions)                                      C:\Program Files\Microsoft Office\Templates\Spreadsheet Solutions\[LBO Model Template.xlt]Sources_Uses

                   Uses of Funds                               Sources of Funds                                Rate           %                             Goodwill Calculation

   Equity Purchase Price                      $0.0             Existing Debt                         $0.0         0.0%            0.0%           Purchase Price of Equity              $0.0
   Debt Retired                                0.0             Bank Revolver                          0.0         0.0%            0.0%           Plus:
   Debt Assumed                                0.0             Senior Bank Term "A"                   0.0         0.0%            0.0%             Existing Goodwill                    0.0
   Cash Infusion                               0.0             Senior Bank Term "B"                   0.0         0.0%            0.0%           Less:
   Transaction Costs                           0.0             Other Long-Term Debt #1                0.0         0.0%            0.0%             Net Worth                            0.0
                                                               Other Long-Term Debt #2                0.0         0.0%            0.0%             Asset Write-Up                       0.0
   Total Uses                                 $0.0             Other Long-Term Debt #3                0.0         0.0%            0.0%             Deferred Taxes                       0.0
                                                               Other Long-Term Debt #4                0.0         0.0%            0.0%
   Consideration Assumptions                                   Common Stock                           0.0                         0.0%           Goodwill                              $0.0
                                                               Excess Cash                            0.0                         0.0%
   Current Stock Price                       $0.00                                                                                                          Acquisition Multiples
   Offer Premium                             25.0%             Total Sources                         $0.0                         0.0%
   Offer Price Per Share                     $0.00                                                                                               1999 EBITDA                            0.0x
                                                               Other Assumptions / Switches                                                      EST. 2000 EBITDA                       0.0x
   Shares Outstanding (MM)                    10.0                                                                                               1999 P/E                               0.0x
   Equity Purchase Price                      $0.0                         Accounting Type          0        Pooling                             EST. 2000 P/E                          0.0x
                                                                           Performance Case         1         Base                               To 1999 Book                           0.0x
                                                                           Circ Breaker             0          On                                To EST. 2000 Book                      0.0x
   Consideration             Percent     Per Share                         Preferred Dividend       0        % of Par
     Cash                      0.0%          $0.00                         NewCo Cash Min.          0          Off
     Stock                   100.0%          $0.00                         Amt. Of Cash Min.      $10.0                                                       Financing Inputs
          Total              100.0%          $0.00
                                                                           Acquiror Cash Min.       0           Off                              Pro Forma Year                        1999
   Percent of Target Acquired               100.0%                         Amt. Of Cash Min.      $10.0                                          Transaction Fees:
   Premium to Current Price                  25.0%                         Target Cash Min.         0           Off                                Advisory                         1.0%
                                                                           Amt. Of Cash Min.      $10.0                                            Financing                        3.0%
   Risk Free Rate                            10.00%                                                                                              Use Excess Cash                      0
   (Type of Bond Used)                 10yr T-Bond                         Acquiror Name        Company A                                                                            No
   Market Risk Premia                         5.00%                        Target Name          Company B



   Leverage Assumptions                   1999        2000       2001         2002                          Coverage Assumptions                  1999       2000      2001         2002

   Sr. Debt / EBITDA                           0.0x     0.0x        0.0x          0.0x                      EBITDA / Sr. Interest Expense            0.0x      0.0x         0.0x        0.0x
   Sr. Debt / (EBITDA - Capex)                 0.0x     0.0x        0.0x          0.0x                      (EBITDA - Capex) / Sr. Int. Exp.         0.0x      0.0x         0.0x        0.0x
   Total Debt / EBITDA                         0.0x     0.0x        0.0x          0.0x                      EBITDA / Total Interest Expense          0.0x      0.0x         0.0x        0.0x
   Total Debt / (EBITDA - Capex)               0.0x     0.0x        0.0x          0.0x                      (EBITDA - Capex) / Total Int. Exp.       0.0x      0.0x         0.0x        0.0x
NewCo Model Balances
Circ Breaker Is On                                      Project XXX
No Cash Minimum                                 Transaction Adjustmen
Pooling Accounting

                   ASSETS
                                   Company A       Company B
Current Assets:
 Cash & Marketable Securities            $0.0            $0.0
 Accounts Receivable                      0.0             0.0
 Inventories                              0.0             0.0
 Other Current Assets #1                  0.0             0.0
 Other Current Assets #2                  0.0             0.0
 Other Current Assets #3                  0.0             0.0
 Other Current Assets #4                  0.0             0.0
 Other Current Assets #5                  0.0             0.0

Total Current Assets                     $0.0            $0.0

NonCurrent Assets:
 Net PP&E                                $0.0            $0.0
 Goodwill and Intangible Assets           0.0             0.0
 Other NC Assets #1                       0.0             0.0
 Other NC Assets #2                       0.0             0.0
 Other NC Assets #3                       0.0             0.0
 Other NC Assets #4                       0.0             0.0
 Other NC Assets #5                       0.0             0.0
 Other NC Assets #6                       0.0             0.0
 Other NC Assets #7                       0.0             0.0

Total NonCurrent Assets                  $0.0            $0.0

               TOTAL ASSETS              $0.0            $0.0

            LIABILITIES & EQUITY

Current Liabilities:
 Accounts Payable                        $0.0            $0.0
 Accrued Liabilities                      0.0             0.0
 Other Current Liabilities #1             0.0             0.0
 Other Current Liabilities #2             0.0             0.0
 Other Current Liabilities #3             0.0             0.0
 Other Current Liabilities #4     0.0    0.0
 Other Current Liabilities #5     0.0    0.0

Total Current Liabilities        $0.0   $0.0

 Other NC Liability #1           $0.0   $0.0
 Other NC Liability #2            0.0    0.0
 Other NC Liability #3            0.0    0.0
 Other NC Liability #4            0.0    0.0
 Other NC Liability #5            0.0    0.0
 Minority Interest                0.0    0.0

Long Term Debt:
 Existing Debt                   $0.0   $0.0
 Bank Revolver                    0.0    0.0
 Senior Bank Term "A"             0.0    0.0
 Senior Bank Term "B"             0.0    0.0
 Other Long-Term Debt #1          0.0    0.0
 Other Long-Term Debt #2          0.0    0.0
 Other Long-Term Debt #3          0.0    0.0
 Other Long-Term Debt #4          0.0    0.0

Total Long Term Debt             $0.0   $0.0

             TOTAL LIABILITIES   $0.0   $0.0

Net Worth:
 Equity - Common                 $0.0   $0.0
       - Preferred                0.0    0.0
 Retained Earnings                0.0    0.0

             TOTAL NET WORTH     $0.0   $0.0

TOTAL LIABILITIES & EQUITY       $0.0   $0.0

Balance Check                    $0.0   $0.0
   Project XXX
action Adjustment Page


                          NewCo
           Adjustments   ProForma

                  $0.0         $0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0

                  $0.0         $0.0


                               $0.0
                   0.0          0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0
                                0.0

                  $0.0         $0.0

                  $0.0         $0.0




                               $0.0
                                0.0
                                0.0
                                0.0
                                0.0
        0.0
        0.0

$0.0   $0.0

       $0.0
        0.0
        0.0
        0.0
        0.0
        0.0


$0.0   $0.0
 0.0    0.0
 0.0    0.0
 0.0    0.0
 0.0    0.0
 0.0    0.0
 0.0    0.0
 0.0    0.0

$0.0   $0.0

$0.0   $0.0


$0.0   $0.0
        0.0
$0.0    0.0

$0.0   $0.0

$0.0   $0.0

$0.0   $0.0
NewCo Model Balances
Circ Breaker Is On                                             Project XXX
No Cash Minimum                                            Synergies Detail Pag
Pooling Accounting

ENTER DATA AS POSITIVE NUMBERS     Pro
                                 Forma
                                  1999       2000       2001       2002

Additional Net Sales Increase            1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                   2      0.0         0.0        0.0        0.0
Pessimistic                  3      0.0         0.0        0.0        0.0

Cost Of Goods Sold Savings               1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                   2      0.0         0.0        0.0        0.0
Pessimistic                  3      0.0         0.0        0.0        0.0

SG&A Savings                             1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                   2      0.0         0.0        0.0        0.0
Pessimistic                  3      0.0         0.0        0.0        0.0

Other Expense #1 Savings                 1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                   2      0.0         0.0        0.0        0.0
Pessimistic                  3      0.0         0.0        0.0        0.0

Other Expense #2 Savings                 1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                   2      0.0         0.0        0.0        0.0
Pessimistic                  3      0.0         0.0        0.0        0.0

Other Expense #3 Savings                 1          2          3          4

Base                         1      0.0         0.0        0.0        0.0
Optimistic                 2   0.0   0.0   0.0   0.0
Pessimistic                3   0.0   0.0   0.0   0.0

Other Expense #4 Savings         1     2     3     4

Base                       1   0.0   0.0   0.0   0.0
Optimistic                 2   0.0   0.0   0.0   0.0
Pessimistic                3   0.0   0.0   0.0   0.0
 Project XXX
ergies Detail Page




         2003        2004       2005       2006       2007       2008        2009

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0
            0.0         0.0        0.0        0.0        0.0        0.0         0.0

                5           6          7          8          9          10          11

            0.0         0.0        0.0        0.0        0.0        0.0         0.0
0.0   0.0   0.0   0.0   0.0   0.0   0.0
0.0   0.0   0.0   0.0   0.0   0.0   0.0

  5     6     7     8     9    10    11

0.0   0.0   0.0   0.0   0.0   0.0   0.0
0.0   0.0   0.0   0.0   0.0   0.0   0.0
0.0   0.0   0.0   0.0   0.0   0.0   0.0
NewCo Model Balances
Circ Breaker Is On                                          Project XXX
No Cash Minimum                                  NewCo Income Statement Deta
Pooling Accounting
            Case Selection:   1

                              ProForma                                   Projected
                                1999     2000    2001    2002    2003
Net Sales
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Additional Projected              0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0
Cost Of Goods Sold
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Savings                           0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0
SG&A
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Savings                           0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0
Other Expense #1
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Savings                           0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0
Other Expense #2
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Savings                           0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0

Other Expense #3
 Company A (Acquiror)             $0.0    $0.0    $0.0    $0.0    $0.0
 Company B (Target)                0.0     0.0     0.0     0.0     0.0
 Savings                           0.0     0.0     0.0     0.0     0.0
  Total                           $0.0    $0.0    $0.0    $0.0    $0.0
Other Expense #4
 Company A (Acquiror)   $0.0   $0.0   $0.0   $0.0   $0.0
 Company B (Target)      0.0    0.0    0.0    0.0    0.0
 Savings                 0.0    0.0    0.0    0.0    0.0
  Total                 $0.0   $0.0   $0.0   $0.0   $0.0
  Project XXX
ome Statement Detail Sheet


                                                            Projected
          Projected                                     CAGR / Average
        2004     2005   2006    2007    2008    2009     ( 2000 - 2009 )


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0


         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
          0.0     0.0     0.0     0.0     0.0     0.0
          0.0     0.0     0.0     0.0     0.0     0.0
         $0.0    $0.0    $0.0    $0.0    $0.0    $0.0
$0.0   $0.0   $0.0   $0.0   $0.0   $0.0
 0.0    0.0    0.0    0.0    0.0    0.0
 0.0    0.0    0.0    0.0    0.0    0.0
$0.0   $0.0   $0.0   $0.0   $0.0   $0.0
Page 14 of 49                                                          09149201-8f5c-4f23-9515-3e3246c7af271New_BS                                                            1:34 PM3/24/2011
                NewCo Model Balances
                Circ Breaker Is On                                                                   Project XXX
                No Cash Minimum                                                              NewCo Projected Balance Sheet
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                   ProForma                                                             Projected
                                                     1999     2000         2001         2002          2003           2004        2005     2006     2007     2008     2009
                           ASSETS
                Current Assets:
                   Cash & Marketable Securities        $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accounts Receivable                  0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Inventories                          0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #1              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #2              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #3              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #4              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #5              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Assets                   $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                NonCurrent Assets:
                  Net PP&E                             $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                  Goodwill and Intangible Assets        0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #1                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #2                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #3                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #4                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #5                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #6                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #7                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                Total NonCurrent Assets                $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       TOTAL ASSETS                    $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                                                   ProForma                                                             Projected
                   LIABILITIES & EQUITY              1999     2000         2001         2002          2003           2004        2005     2006     2007     2008     2009

                Current Liabilities:
                   Accounts Payable                    $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accrued Liabilities                  0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #1         0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #2         0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #3         0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #4         0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #5         0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Liabilities              $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                   Other NC Liability #1               $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Other NC Liability #2                0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #3                0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #4                0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #5                0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Minority Interest                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                Long Term Debt:
                   Existing Debt                       $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Bank Revolver                        0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "A"                 0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "B"                 0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #1              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #2              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #3              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #4              0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                Total Long Term Debt                   $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                     TOTAL LIABILITIES                 $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                Net Worth:
                   Equity - Common                     $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                              - Preferred               0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0
                   Retained Earnings                    0.0      0.0           0.0           0.0          0.0           0.0         0.0      0.0      0.0      0.0      0.0

                    TOTAL NET WORTH                    $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                TOTAL LIABILITIES & EQUITY             $0.0     $0.0          $0.0          $0.0         $0.0          $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
Page 15 of 49                                                      09149201-8f5c-4f23-9515-3e3246c7af271New_IS                                                       1:34 PM3/24/2011
                NewCo Model Balances
                Circ Breaker Is On                                                            Project XXX
                No Cash Minimum                                                     NewCo Projected Income Statement
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                               ProForma                                                         Projected
                                                 1999     2000      2001          2002          2003         2004       2005     2006     2007     2008     2009

                Net Sales                          $0.0     $0.0        $0.0         $0.0          $0.0           $0.0    $0.0     $0.0     $0.0     $0.0     $0.0

                  Cost Of Goods Sold                0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                  Gross Margin                      0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Operating Expenses:
                  SG&A                              0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                  Other Expense #1                  0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                  Other Expense #2                  0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                  Other Expense #3                  0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                  Other Expense #4                  0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                     Subtotal                       0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Consolidated EBIT                   0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                  Depreciation & Depletion          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                  Intangible Amortization           0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Consolidated EBITDA                 0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                  Interest Income                   0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Interest Expense:
                   Existing Debt                    0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Bank Revolver                    0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "A"             0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "B"             0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #1          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #2          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #3          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #4          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Total Interest Expense              0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Extraordinary Gain (Loss)           0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Net Income Before Taxes             0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Provision For Income Taxes          0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Net Income                         $0.0     $0.0        $0.0         $0.0          $0.0           $0.0    $0.0     $0.0     $0.0     $0.0     $0.0

                Preferred Dividends                 0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Net Income To Common               $0.0     $0.0        $0.0         $0.0          $0.0           $0.0    $0.0     $0.0     $0.0     $0.0     $0.0

                Shares Outstanding                  0.0      0.0         0.0           0.0          0.0            0.0     0.0      0.0      0.0      0.0      0.0

                Earnings Per Share                $0.00    $0.00       $0.00        $0.00         $0.00          $0.00   $0.00    $0.00    $0.00    $0.00    $0.00
Page 16 of 49                                           09149201-8f5c-4f23-9515-3e3246c7af271New_SCF                                        1:34 PM3/24/2011
  NewCo Model Balances
  Circ Breaker Is On                                                                    Project XXX
  No Cash Minimum                                                           NewCo Projected Cash Flow Statement
  Pooling Accounting
  Performance Case: Base
  (FYE January; $ in millions)
                                                                                               Projected
                                            2000     2001        2002          2003         2004        2005     2006     2007     2008         2009
  Cash Flow From Operations:
    Net Income To Common                      $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Depreciation & Depletion                   0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Intangible Amortization                    0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Working Capital Source (Use):

  (Increase) In Net Working Capital           $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Changes in Other Assets/Liabilties:

  (Increase) In Other Assets/Liabilties       $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flows From Operating Activities        $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Investing Activities:
    Capital Expenditures                      $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Other                                      0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Cash Flows Available For Financing          $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Financing:
    Existing Debt                             $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Bank Revolver                              0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "A"                       0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "B"                       0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #1                    0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #2                    0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #3                    0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #4                    0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Common Stock Dividends                     0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Issuance (Repurchase) of Common Stock      0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Cash Flows From Financing Activities        $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Balance Schedule:
    Beginning Cash Balance                    $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Change In Cash                             0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Ending Cash Balance                       $0.0     $0.0          $0.0         $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0


  (Inc)/Dec In All NC Assets                   0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
  Inc/(Dec) In All NC Liabilities              0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
Page 17 of 49                                                                    09149201-8f5c-4f23-9515-3e3246c7af271New_Debt_Repay                                              1:34 PM3/24/2011
                NewCo Model Balances
                Circ Breaker Is On                                                                                    Project XXX
                No Cash Minimum                                                                           Projected Debt Repayment Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                                                                            Projected
                                                                        2000       2001         2002        2003        2004       2005       2006     2007     2008     2009

                Cash Available For Debt Repayment                         $0.0        $0.0        $0.0         $0.0        $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       Available Cash Balance                              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Minimum Cash Balance                                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                       Available Discretionary Cash                       $0.0        $0.0        $0.0         $0.0        $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                Existing Debt
                       Beginning Existing Debt Balance                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Existing Debt                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Mandatory Repayment                   0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Retired                               0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Existing Debt Balance                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "A"
                       Beginning Senior Bank Term "A" Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "A"         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Mandatory Repayment            0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Retired                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "A" Balance                 0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "B"
                       Beginning Senior Bank Term "B" Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "B"         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Mandatory Repayment            0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Retired                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "B" Balance                 0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #1
                       Beginning Other Long-Term Debt #1 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #1      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #1 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #2
                       Beginning Other Long-Term Debt #2 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #2      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #2 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #3
                       Beginning Other Long-Term Debt #3 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #3      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #3 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #4
                       Beginning Other Long-Term Debt #4 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #4      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #4 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Bank Revolver
                       Beginning Bank Revolver Balance                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Bank Revolver                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Retired                               0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Addition                              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Bank Revolver Balance                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
Page 18 of 49                                                                              09149201-8f5c-4f23-9515-3e3246c7af271New_D&A_Page                                                     1:34 PM3/24/2011
                NewCo Model Balances
                Circ Breaker Is On                                                                              Project XXX
                No Cash Minimum                                                                 Book Depreciation and Amortization Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)                   Depreciation Method                            Computed or Manual Depreciation
                                                             (0=SLN,1=Sum of Years)                               (0=Computed,1=Manual)
                Existing Equipment                              0        Straight Line                        0              Computed

                        Gross PP&E                 $0.0
                        Land                       $0.0

                                               Beginning                                                                                       Projected
                                                Amount       Period             Salvage          2000        2001       2002        2003       2004      2005    2006    2007    2008    2009

                        Category 1                 $0.0               0             $0.0           $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Category 2                  0.0               0              0.0            0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                        Category 3                  0.0               0              0.0            0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                        Category 4                  0.0               0              0.0            0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                        Category 5                  0.0               0              0.0            0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0

                                 Total             $0.0                                            $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                Capital Expenditures
                                                             Capital                                                                           Projected
                Depreciation Period            10 years    Expenditure            Year           2000        2001       2002        2003       2004      2005    2006    2007    2008    2009

                                                                 $0.0            2000              $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                                  0.0            2001                           0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2002                                       0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2003                                                  0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2004                                                            0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2005                                                                     0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2006                                                                              0.0     0.0     0.0     0.0
                                                                  0.0            2007                                                                                      0.0     0.0     0.0
                                                                  0.0            2008                                                                                              0.0     0.0
                                                                  0.0            2009                                                                                                      0.0

                                 Total                           $0.0                              $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0

                TOTAL CALCULATED BOOK DEPRECIATION                                                  0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                    0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0

                BOOK DEPRECIATION                                                                   0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0


                                                                                                 2000        2001       2002        2003       2004     2005     2006    2007    2008    2009
                                                           PP&E Schedule
                                                             Beginning PP&E                        $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                             Capital Expenditures                   0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                             Asset Sales                            0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                             Land                                   0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0
                                                             Less : Depreciation                    0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending PP&E Balance                     $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0



                Goodwill and Intangible Assets                                                   2000        2001       2002        2003       2004     2005     2006    2007    2008    2009

                        Amortization $             $0.0                                            $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Amotiztion Period      40 years


                                                                                                 2000        2001       2002        2003       2004     2005     2006    2007    2008    2009
                                                           Intangible Schedule
                                                               Beginning Intangible Account        $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                               Less : Amortization                  0.0         0.0         0.0        0.0       0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending Intangible Account               $0.0        $0.0        $0.0       $0.0      $0.0     $0.0     $0.0    $0.0    $0.0    $0.0


                TOTAL CALCULATED AMORTIZATION                                                       0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                    0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0

                TOTAL AMORTIZATION                                                                  0.0         0.0         0.0         0.0       0.0      0.0     0.0     0.0     0.0     0.0
          Page 19 of 49                                                       09149201-8f5c-4f23-9515-3e3246c7af271New_Shdlrs_Equity                      1:34 PM3/24/2011




NewCo Model Balances
Circ Breaker Is On                                                            Project XXX
No Cash Minimum                                                      Shareholder's Equity Schedule
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                                      Projected
                                          2000     2001     2002     2003          2004       2005             2006          2007       2008     2009

Beginning Shareholder's Equity              $0.0     $0.0     $0.0     $0.0           $0.0          $0.0          $0.0          $0.0      $0.0     $0.0
  Net Income
  Adjustments to Net Income                  0.0      0.0      0.0      0.0            0.0            0.0           0.0           0.0      0.0      0.0
  Common Stock Dividends                     0.0      0.0      0.0      0.0            0.0            0.0           0.0           0.0      0.0      0.0
  Issuance (Repurchase) of Common Stock      0.0      0.0      0.0      0.0            0.0            0.0           0.0           0.0      0.0      0.0

Ending Shareholder's Equity                 $0.0     $0.0     $0.0     $0.0           $0.0          $0.0          $0.0          $0.0      $0.0     $0.0
   Page 20 of 49                         09149201-8f5c-4f23-9515-3e3246c7af271New_WC&BS_Assume                            1:34 PM3/24/2011
NewCo Model Balances
Circ Breaker Is On                                                     Project XXX
No Cash Minimum                                    NewCo Working Capital and Balance Sheet Assumptions
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                        ProForma                                            Projected
                                          1999       2000     2001     2002      2003     2004     2005   2006    2007      2008      2009

Current Assets:
 Accounts Receivable / Sales               0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Inventories / Sales                       0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Assets #1 / Sales           0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Assets #2 / Sales           0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Assets #3 / Sales           0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Assets #4 / Sales           0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Assets #5 / Sales           0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%

Current Liabilities:
 Accounts Payable / Sales                  0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Accrued Liabilities / Sales               0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Liabilities #1 / Sales      0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Liabilities #2 / Sales      0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Liabilities #3 / Sales      0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Liabilities #4 / Sales      0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other Current Liabilities #5 / Sales      0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%

Other Assumptions:
 Other NC Assets #1 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Assets #2 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Assets #3 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Assets #4 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Assets #5 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Assets #6 / Sales                0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%

 Other NC Liability #1 / Sales             0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Liability #2 / Sales             0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Liability #3 / Sales             0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Liability #4 / Sales             0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Other NC Liability #5 / Sales             0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
 Minority Interest / Sales                 0.0%        0.0%     0.0%     0.0%     0.0%     0.0%    0.0%    0.0%    0.0%       0.0%      0.0%
        Page 21 of 49                               09149201-8f5c-4f23-9515-3e3246c7af271New_IS_Assume                             1:34 PM3/24/2011

NewCo Model Balances
Circ Breaker Is On                                                         Project XXX
No Cash Minimum                                                 NewCo Income Statement Assumptions
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                               ProForma                                                        Projected
                                 1999      2000     2001         2002         2003          2004       2005      2006     2007      2008          2009

Net Sales                          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Cost Of Goods Sold / Sales         0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Gross Margin                       0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Operating Expenses / Sales
 SG&A                              0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%
 Other Expense #1                  0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%
 Other Expense #2                  0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%
 Other Expense #3                  0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%
 Other Expense #4                  0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Consolidated EBIT / Sales          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Consolidated EBITDA / Sales        0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%        0.0%           0.0%

Interest (Coupon) Rates:
  Interest Income                  0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Existing Debt                    0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Bank Revolver                    0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Senior Bank Term "A"             0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Senior Bank Term "B"             0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Other Long-Term Debt #1          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Other Long-Term Debt #2          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Other Long-Term Debt #3          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Other Long-Term Debt #4          0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Preferred Stock (% of Par)       0.0%      0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Preferred Stock ($ Amount)      $0.00     $0.00     $0.00        $0.00         $0.00        $0.00      $0.00    $0.00    $0.00      $0.00           $0.00
  Preferred Stock Par Value

Tax Rates:
  Federal Tax Rate                 40.0%    40.0%     40.0%        40.0%         40.0%        40.0%      40.0%    40.0%    40.0%      40.0%           40.0%
  State Tax Rate                    0.0%     0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
  Effective Tax Rate                0.0%     0.0%      0.0%         0.0%          0.0%         0.0%       0.0%     0.0%     0.0%       0.0%            0.0%
            Page 22 of 49                                                        09149201-8f5c-4f23-9515-3e3246c7af271New_FCFF                                           1:34 PM3/24/2011




NewCo Model Balances
Circ Breaker Is On                                                            Project XXX
No Cash Minimum                                                         Free Cash Flow Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                           Projected                                                             Normalized   Proforma
                                    2000     2001     2002     2003     2004       2005           2006          2007         2008       2009        2009         1999

Consolidated EBIT                     $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0         $0.0          $0.0     $0.0        $0.0

Less: Taxes at (40.0%)                 0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0

Plus: Depreciation & Amortization      0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0

Unlevered Cash Flow                   $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0         $0.0          $0.0     $0.0        $0.0

Minus:
Capital Expenditures                   0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0
Inc/(Dec) In Working Capital           0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0
Inc/(Dec) In All NC Assets             0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0
(Inc)/Dec In All NC Liabilities        0.0      0.0      0.0      0.0      0.0            0.0          0.0          0.0           0.0      0.0         0.0

Free Cash Flow                        $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0         $0.0          $0.0     $0.0        $0.0
          Page 23 of 49                                                                 09149201-8f5c-4f23-9515-3e3246c7af271New_DCF                               1:34 PM3/24/2011




NewCo Model Balances
Circ Breaker Is On                                                         Project XXX
No Cash Minimum                                                   Discounted Cash Flow Analysis
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)

     NPV of Free Cash Flows                      FV of Terminal Value (EBITDA)                                    FV of Terminal Value (Perpetuity)
                                                                                                                                     1.0%      2.0%       3.0%
NPV of FCFF @ 7.00%            $0.0         Terminal Value @ 4.0x                $0.0               Terminal Value @ 7.00%             $0.0       $0.0      $0.0
NPV of FCFF @ 8.00%             0.0         Terminal Value @ 6.0x                 0.0               Terminal Value @ 8.00%               0.0        0.0      0.0
NPV of FCFF @ 9.00%             0.0         Terminal Value @ 8.0x                 0.0               Terminal Value @ 9.00%               0.0        0.0      0.0



                            PV of Terminal Value (EBITDA)                                              PV of Terminal Value (Perpetuity)
                                               4.0x      6.0x       8.0x                                                    1.0%       2.0%       3.0%
           Terminal Value @ 7.00%                 $0.0     $0.0       $0.0               Terminal Value @ 7.00%             $0.0       $0.0       $0.0
           Terminal Value @ 8.00%                  0.0      0.0        0.0               Terminal Value @ 8.00%              0.0         0.0       0.0
           Terminal Value @ 9.00%                  0.0      0.0        0.0               Terminal Value @ 9.00%              0.0         0.0       0.0
      Page 24 of 49                            09149201-8f5c-4f23-9515-3e3246c7af271New_DCF_Table                         1:34 PM3/24/2011
NewCo Model Balances
Circ Breaker Is On                                                                               Project XXX
No Cash Minimum                                                                      Discounted Cash Flow Table Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                    Total Enterprise Value

                                       EBITDA Multiple Method                                          Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                                  1.0%          2.0%        3.0%

                          7.00%      $0.0              $0.0            $0.0          7.00%             $0.0        $0.0            $0.0
                          8.00%          0.0             0.0            0.0          8.00%              0.0         0.0             0.0
                          9.00%          0.0             0.0            0.0          9.00%              0.0         0.0             0.0

                                                                    Total Enterprise Value

                                         EBITDA Multiple Method                                        Perpetuity Growth Method
                                  4.0x           6.0x           8.0x                                1.0%          2.0%        3.0%

                          7.00%      $0.0              $0.0            $0.0          7.00%             $0.0        $0.0            $0.0
                          8.00%          0.0             0.0            0.0          8.00%              0.0         0.0             0.0
                          9.00%          0.0             0.0            0.0          9.00%              0.0         0.0             0.0

                                                                Total Equity Value Per Share

                                       EBITDA Multiple Method                                          Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                                  1.0%          2.0%        3.0%

                          7.00%          NA              NA              NA          7.00%              NA           NA              NA
                          8.00%          NA              NA              NA          8.00%              NA           NA              NA
                          9.00%          NA              NA              NA          9.00%              NA           NA              NA
Page 25 of 49                                                                                       09149201-8f5c-4f23-9515-3e3246c7af271Acq_BS                                                                              1:34 PM3/24/2011
                Acquiror Model Balances
                Circ Breaker Is On                                                                                           Project XXX - Company A
                No Cash Minimum                                                                                       Historical and Projected Balance Sheet
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                     Historical                          ProForma                                                        Projected
                                                   1994     1995        1996      1997     1998            1999             2000          2001      2002     2003     2004        2005     2006     2007     2008     2009
                           ASSETS
                Current Assets:
                   Cash & Marketable Securities      $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accounts Receivable                0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Inventories                        0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #1            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #2            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #3            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #4            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #5            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Assets                 $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                NonCurrent Assets:
                  Net PP&E                           $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                  Goodwill and Intangible Assets      0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #1                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #2                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #3                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #4                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #5                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #6                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #7                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total NonCurrent Assets              $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       TOTAL ASSETS                  $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                                                                     Historical                          ProForma                                                        Projected
                   LIABILITIES & EQUITY            1994     1995        1996      1997     1998            1999             2000          2001      2002     2003     2004        2005     2006     2007     2008     2009

                Current Liabilities:
                   Accounts Payable                  $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accrued Liabilities                0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #1       0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #2       0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #3       0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #4       0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #5       0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Liabilities            $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                   Other NC Liability #1             $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Other NC Liability #2              0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #3              0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #4              0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #5              0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Minority Interest                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Long Term Debt:
                   Existing Debt                     $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Bank Revolver                      0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "A"               0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "B"               0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #1            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #2            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #3            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #4            0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Long Term Debt                 $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                     TOTAL LIABILITIES               $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                Net Worth:
                   Equity - Common                   $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                              - Preferred             0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Retained Earnings                  0.0      0.0          0.0      0.0      0.0               0.0              0.0          0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                    TOTAL NET WORTH                  $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                TOTAL LIABILITIES & EQUITY           $0.0     $0.0         $0.0     $0.0     $0.0              $0.0             $0.0         $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
             Page 26 of 49                                                      09149201-8f5c-4f23-9515-3e3246c7af271Acq_IS                                                            1:34 PM3/24/2011



Acquiror Model Balances
Circ Breaker Is On                                                                                 Project XXX - Company A
No Cash Minimum                                                                           Historical and Projected Income Statement
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                 Historical                       ProForma                                                          Projected
                               1994     1995       1996       1997     1998         1999              2000          2001       2002     2003     2004       2005     2006     2007          2008          2009

Net Sales                        $0.0     $0.0         $0.0     $0.0     $0.0           $0.0             $0.0           $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

  Cost Of Goods Sold              0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Gross Margin                    0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Operating Expenses:
  SG&A                            0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #1                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #2                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #3                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #4                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

     Subtotal                     0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Consolidated EBIT                 0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Depreciation & Depletion        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Intangible Amortization         0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Consolidated EBITDA               0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Interest Income                 0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Interest Expense:
   Existing Debt                  0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Bank Revolver                  0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Senior Bank Term "A"           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Senior Bank Term "B"           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #1        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #2        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #3        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #4        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Total Interest Expense            0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Extraordinary Gain (Loss)         0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income Before Taxes           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Provision For Income Taxes        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income                       $0.0     $0.0         $0.0     $0.0     $0.0           $0.0             $0.0           $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

Preferred Dividends               0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income To Common             $0.0     $0.0         $0.0     $0.0     $0.0           $0.0             $0.0           $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

Shares Outstanding                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Earnings Per Share              $0.00    $0.00       $0.00     $0.00    $0.00          $0.00            $0.00         $0.00     $0.00    $0.00    $0.00      $0.00    $0.00    $0.00          $0.00        $0.00
Page 27 of 49                                           09149201-8f5c-4f23-9515-3e3246c7af271Acq_CF                                         1:34 PM3/24/2011
  Acquiror Model Balances
  Circ Breaker Is On                                                          Project XXX - Company A
  No Cash Minimum                                                  Historical and Projected Cash Flow Statement
  Pooling Accounting
  Performance Case: Base
  (FYE January; $ in millions)
                                                                                               Projected
                                            2000     2001       2002          2003          2004        2005     2006     2007     2008         2009
  Cash Flow From Operations:
    Net Income To Common                      $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0
    Depreciation & Depletion                   0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Intangible Amortization                    0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0

  Working Capital Source (Use):

  (Increase) In Net Working Capital           $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0

  Changes in Other Assets/Liabilties:

  (Increase) In Other Assets/Liabilties       $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flows From Operating Activities        $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Investing Activities:
    Capital Expenditures                      $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0
    Other                                      0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0

  Cash Flows Available For Financing          $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Financing:
    Existing Debt                             $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0
    Bank Revolver                              0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "A"                       0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "B"                       0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #1                    0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #2                    0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #3                    0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #4                    0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Common Stock Dividends                     0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Issuance (Repurchase) of Common Stock      0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0

  Cash Flows From Financing Activities        $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Balance Schedule:
    Beginning Cash Balance                    $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0
    Change In Cash                             0.0      0.0          0.0           0.0          0.0        0.0      0.0      0.0      0.0            0.0
    Ending Cash Balance                       $0.0     $0.0         $0.0          $0.0         $0.0       $0.0     $0.0     $0.0     $0.0           $0.0


  (Inc)/Dec In All NC Assets                   0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
  Inc/(Dec) In All NC Liabilities              0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
Page 28 of 49                                                                    09149201-8f5c-4f23-9515-3e3246c7af271Acq_Debt_Repay                                              1:34 PM3/24/2011
                Acquiror Model Balances
                Circ Breaker Is On                                                                             Project XXX - Company A
                No Cash Minimum                                                                           Projected Debt Repayment Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                                                                            Projected
                                                                        2000       2001         2002        2003        2004       2005       2006     2007     2008     2009

                Cash Available For Debt Repayment                         $0.0        $0.0        $0.0         $0.0        $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       Available Cash Balance                              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Minimum Cash Balance                                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                       Available Discretionary Cash                       $0.0        $0.0        $0.0         $0.0        $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                Existing Debt
                       Beginning Existing Debt Balance                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Existing Debt                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Mandatory Repayment                   0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Retired                               0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Existing Debt Balance                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "A"
                       Beginning Senior Bank Term "A" Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "A"         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Mandatory Repayment            0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Retired                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "A" Balance                 0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "B"
                       Beginning Senior Bank Term "B" Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "B"         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Mandatory Repayment            0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Retired                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "B" Balance                 0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #1
                       Beginning Other Long-Term Debt #1 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #1      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #1 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #2
                       Beginning Other Long-Term Debt #2 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #2      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #2 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #3
                       Beginning Other Long-Term Debt #3 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #3      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #3 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #4
                       Beginning Other Long-Term Debt #4 Balance           0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #4      0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Mandatory Repayment         0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Retired                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #4 Balance              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Bank Revolver
                       Beginning Bank Revolver Balance                     0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Bank Revolver                0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Retired                               0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Addition                              0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Bank Revolver Balance                        0.0         0.0          0.0         0.0         0.0         0.0      0.0      0.0      0.0      0.0
Page 29 of 49                                                                                 09149201-8f5c-4f23-9515-3e3246c7af271Acq_D&A                                                       1:34 PM3/24/2011
                Acquiror Model Balances
                Circ Breaker Is On                                                                       Project XXX - Company A
                No Cash Minimum                                                                 Book Depreciation and Amortization Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)                   Depreciation Method                            Computed or Manual Depreciation
                                                             (0=SLN,1=Sum of Years)                               (0=Computed,1=Manual)
                Existing Equipment                              0        Straight Line                        0              Computed

                        Gross PP&E                 $0.0
                        Land                       $0.0

                                               Beginning                                                                                       Projected
                                                Amount       Period             Salvage           2000       2001        2002        2003      2004      2005    2006    2007    2008    2009

                        Category 1                 $0.0               0             $0.0           $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Category 2                  0.0               0              0.0            0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                        Category 3                  0.0               0              0.0            0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                        Category 4                  0.0               0              0.0            0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                        Category 5                  0.0               0              0.0            0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0

                                 Total             $0.0                                            $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                Capital Expenditures
                                                             Capital                                                                           Projected
                Depreciation Period            10 years    Expenditure            Year            2000       2001        2002        2003      2004      2005    2006    2007    2008    2009

                                                                 $0.0            2000              $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                                  0.0            2001                            0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2002                                        0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2003                                                   0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2004                                                            0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2005                                                                     0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2006                                                                              0.0     0.0     0.0     0.0
                                                                  0.0            2007                                                                                      0.0     0.0     0.0
                                                                  0.0            2008                                                                                              0.0     0.0
                                                                  0.0            2009                                                                                                      0.0

                                 Total                           $0.0                              $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0

                TOTAL CALCULATED BOOK DEPRECIATION                                                   0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                     0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0

                BOOK DEPRECIATION                                                                    0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0


                                                                                                  2000       2001        2002        2003      2004     2005     2006    2007    2008    2009
                                                           PP&E Schedule
                                                             Beginning PP&E                        $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                             Capital Expenditures                   0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                             Asset Sales                            0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                             Land                                   0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0
                                                             Less : Depreciation                    0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending PP&E Balance                     $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0



                Goodwill and Intangible Assets                                                    2000       2001        2002        2003      2004     2005     2006    2007    2008    2009

                        Amortization $              $0.0                                           $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Amotiztion Period       5 years


                                                                                                  2000       2001        2002        2003      2004     2005     2006    2007    2008    2009
                                                           Intangible Schedule
                                                               Beginning Intangible Account        $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                               Less : Amortization                  0.0          0.0         0.0        0.0      0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending Intangible Account               $0.0         $0.0        $0.0       $0.0     $0.0     $0.0     $0.0    $0.0    $0.0    $0.0


                TOTAL CALCULATED AMORTIZATION                                                        0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                     0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0

                TOTAL AMORTIZATION                                                                   0.0         0.0         0.0         0.0      0.0      0.0     0.0     0.0     0.0     0.0
          Page 30 of 49                                                       09149201-8f5c-4f23-9515-3e3246c7af271Acq_SHE                            1:34 PM3/24/2011




Acquiror Model Balances
Circ Breaker Is On                                                     Project XXX - Company A
No Cash Minimum                                                      Shareholder's Equity Schedule
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                                 Projected
                                          2000     2001     2002     2003     2004       2005             2006         2007         2008     2009

Beginning Shareholder's Equity              $0.0     $0.0     $0.0     $0.0       $0.0         $0.0          $0.0            $0.0     $0.0     $0.0
  Net Income
  Adjustments to Net Income                  0.0      0.0      0.0      0.0        0.0           0.0          0.0             0.0      0.0      0.0
  Common Stock Dividends                     0.0      0.0      0.0      0.0        0.0           0.0          0.0             0.0      0.0      0.0
  Issuance (Repurchase) of Common Stock      0.0      0.0      0.0      0.0        0.0           0.0          0.0             0.0      0.0      0.0

Ending Shareholder's Equity                 $0.0     $0.0     $0.0     $0.0       $0.0         $0.0          $0.0            $0.0     $0.0     $0.0
         Page 31 of 49                                           09149201-8f5c-4f23-9515-3e3246c7af271Acq_WC&BS_Assume                                            1:34 PM3/24/2011




Acquiror Model Balances
Circ Breaker Is On                                                                       Project XXX - Company A
No Cash Minimum                                                                Working Capital and Balance Sheet Assumptions
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                       Historical                    ProForma                                              Projected
                                        1994    1995     1996     1997      1998       1999         2000     2001        2002    2003    2004     2005   2006    2007    2008        2009

Current Assets:
 Accounts Receivable / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Inventories / Sales                     0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #1 / Sales         0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #2 / Sales         0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #3 / Sales         0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #4 / Sales         0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #5 / Sales         0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

Current Liabilities:
 Accounts Payable / Sales                0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Accrued Liabilities / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #1 / Sales    0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #2 / Sales    0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #3 / Sales    0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #4 / Sales    0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #5 / Sales    0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

Other Assumptions:
  Other NC Assets #1 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #2 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #3 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #4 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #5 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #6 / Sales             0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

  Other NC Liability #1 / Sales          0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #2 / Sales          0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #3 / Sales          0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #4 / Sales          0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #5 / Sales          0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Minority Interest / Sales              0.0%    0.0%     0.0%       0.0%     0.0%        0.0%        0.0%     0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
            Page 32 of 49                                                         09149201-8f5c-4f23-9515-3e3246c7af271Acq_IS_Assume                                                              1:34 PM3/24/2011




Acquiror Model Balances
Circ Breaker Is On                                                                                       Project XXX - Company A
No Cash Minimum                                                                           Income Statement Assumptions and Historical Performance
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                           Historical                        ProForma                                                         Projected
                                1993     1994     1995       1996       1997     1998          1999              2000         2001       2002     2003     2004        2005     2006     2007        2008            2009
                                Sales
Net Sales                         $0.0     0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Cost Of Goods Sold / Sales                 0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Gross Margin                               0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Operating Expenses / Sales
  SG&A                                     0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%
  Other Expense #1                         0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%
  Other Expense #2                         0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%
  Other Expense #3                         0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%
  Other Expense #4                         0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Consolidated EBIT / Sales                  0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Consolidated EBITDA / Sales                0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%          0.0%     0.0%     0.0%      0.0%       0.0%     0.0%     0.0%          0.0%          0.0%

Interest (Coupon) Rates:
   Interest Income                         0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Existing Debt                           0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Bank Revolver                           0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Senior Bank Term "A"                    0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Senior Bank Term "B"                    0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Other Long-Term Debt #1                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Other Long-Term Debt #2                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Other Long-Term Debt #3                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Other Long-Term Debt #4                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Preferred Stock (% of Par)              0.0%     0.0%        0.0%      0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
   Preferred Stock ($ Amount)             $0.00    $0.00       $0.00     $0.00    $0.00            $0.00           $0.00        $0.00     $0.00    $0.00    $0.00       $0.00    $0.00    $0.00         $0.00         $0.00
   Preferred Stock Par Value             $100.0

Tax Rates:
  Federal Tax Rate                         0.0%     0.0%         0.0%     0.0%     0.0%            40.0%           40.0%        40.0%     40.0%    40.0%    40.0%       40.0%    40.0%    40.0%         40.0%         40.0%
  State Tax Rate                           0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
  Effective Tax Rate                       0.0%     0.0%         0.0%     0.0%     0.0%             0.0%            0.0%         0.0%      0.0%     0.0%     0.0%        0.0%     0.0%     0.0%          0.0%          0.0%
Page 33 of 49                                 09149201-8f5c-4f23-9515-3e3246c7af271Acq_Perform_Assume                             1:34 PM3/24/2011
   Acquiror Model Balances
   Circ Breaker Is On                                                    Project XXX - Company A
   No Cash Minimum                                                      Performance Assumptions
   Pooling Accounting
   Performance Case: Base
   (FYE January; $ in millions)

                 Case Selection:   1
                                                                                             Projected
                                       Historical   2000      2001      2002     2003      2004     2005       2006    2007    2008    2009

   Net Sales
            1 = Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
            2 = Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
            3 = Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   Cost Of Goods Sold / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   SG&A / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #1 / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #2 / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #3 / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #4 / Sales
                Base                        0.0%      0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                            0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                           0.0%      0.0%     0.0%      0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%
            Page 34 of 49                                                        09149201-8f5c-4f23-9515-3e3246c7af271Acq_FCFF                                           1:34 PM3/24/2011




Acquiror Model Balances
Circ Breaker Is On                                                      Project XXX - Company A
No Cash Minimum                                                         Free Cash Flow Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                           Projected                                                             Normalized   Proforma
                                    2000     2001     2002     2003     2004       2005           2006          2007         2008       2009        2009         1999

Consolidated EBIT                     $0.0     $0.0     $0.0     $0.0     $0.0          $0.0          $0.0         $0.0          $0.0     $0.0        $0.0

Less: Taxes at (40.0%)                 0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0

Plus: Depreciation & Amortization      0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0

Unlevered Cash Flow                   $0.0     $0.0     $0.0     $0.0     $0.0          $0.0          $0.0         $0.0          $0.0     $0.0        $0.0

Minus:
Capital Expenditures                   0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0
Inc/(Dec) In Working Capital           0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0
Inc/(Dec) In All NC Assets             0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0
(Inc)/Dec In All NC Liabilities        0.0      0.0      0.0      0.0      0.0            0.0          0.0           0.0          0.0      0.0         0.0

Free Cash Flow                        $0.0     $0.0     $0.0     $0.0     $0.0          $0.0          $0.0         $0.0          $0.0     $0.0        $0.0
          Page 35 of 49                                                             09149201-8f5c-4f23-9515-3e3246c7af271Acq_DCF                                   1:34 PM3/24/2011




Acquiror Model Balances
Circ Breaker Is On                                                     Project XXX - Company A
No Cash Minimum                                                     Discounted Cash Flow Analysis
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)

      NPV of Free Cash Flows                       FV of Terminal Value (EBITDA)                                  FV of Terminal Value (Perpetuity)
                                                                                                                                     1.0%      2.0%       3.0%
NPV of FCFF @ 7.00%            $0.0           Terminal Value @ 4.0x                $0.0             Terminal Value @ 7.00%             $0.0       $0.0      $0.0
NPV of FCFF @ 8.00%             0.0           Terminal Value @ 6.0x                 0.0             Terminal Value @ 8.00%              0.0         0.0      0.0
NPV of FCFF @ 9.00%             0.0           Terminal Value @ 8.0x                 0.0             Terminal Value @ 9.00%              0.0         0.0      0.0



                              PV of Terminal Value (EBITDA)                                             PV of Terminal Value (Perpetuity)
                                                 4.0x      6.0x       8.0x                                                   1.0%       2.0%      3.0%
              Terminal Value @ 7.00%                $0.0     $0.0       $0.0              Terminal Value @ 7.00%             $0.0       $0.0      $0.0
              Terminal Value @ 8.00%                 0.0      0.0        0.0              Terminal Value @ 8.00%              0.0        0.0       0.0
              Terminal Value @ 9.00%                 0.0      0.0        0.0              Terminal Value @ 9.00%              0.0        0.0       0.0
      Page 36 of 49                            09149201-8f5c-4f23-9515-3e3246c7af271Acq_DCF_Table                         1:34 PM3/24/2011
Acquiror Model Balances
Circ Breaker Is On                                                                         Project XXX - Company A
No Cash Minimum                                                                      Discounted Cash Flow Table Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                    Total Enterprise Value

                                       EBITDA Multiple Method                                          Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                                  1.0%          2.0%        3.0%

                          7.00%      $0.0              $0.0            $0.0           7.00%            $0.0        $0.0            $0.0
                          8.00%          0.0            0.0             0.0           8.00%             0.0         0.0             0.0
                          9.00%          0.0            0.0             0.0           9.00%             0.0         0.0             0.0

                                                                    Total Enterprise Value

                                         EBITDA Multiple Method                                        Perpetuity Growth Method
                                  4.0x           6.0x           8.0x                                1.0%          2.0%        3.0%

                          7.00%      $0.0              $0.0            $0.0           7.00%            $0.0        $0.0            $0.0
                          8.00%          0.0            0.0             0.0           8.00%             0.0         0.0             0.0
                          9.00%          0.0            0.0             0.0           9.00%             0.0         0.0             0.0

                                                                Total Equity Value Per Share

                                       EBITDA Multiple Method                                          Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                                  1.0%          2.0%        3.0%

                          7.00%          NA              NA              NA           7.00%             NA           NA              NA
                          8.00%          NA              NA              NA           8.00%             NA           NA              NA
                          9.00%          NA              NA              NA           9.00%             NA           NA              NA
Page 37 of 49                                                                                09149201-8f5c-4f23-9515-3e3246c7af271Acq_WACC                                                             1:34 PM3/24/2011
                Acquiror Model Balances
                Circ Breaker Is On                                                                    Project XXX - Company A
                No Cash Minimum                                                         Estimated Weighted Average Cost of Capital Calculation
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                      Weighted Average Cost Of Capital Calculation
                                                                               (0 = Computed, 1 = Manual)                             Proportion Setting:        Manual
                                                                            1                   Manual WACC
                Estimated Cost of Debt:                                      Amount        Interest Rate      Wtd. Rate
                                                                                                                                      Book Capitalization At Closing:
                                         Existing Debt                           $0.0               0.00%         0.00%                                                         Amount   Proportions
                                         Bank Revolver                            0.0               0.00%         0.00%
                                         Senior Bank Term "A"                     0.0               0.00%         0.00%                      Total Debt                           $0.0          0.0%
                                         Senior Bank Term "B"                     0.0               0.00%         0.00%                      Total Preferred                       0.0          0.0%
                                         Other Long-Term Debt #1                  0.0               0.00%         0.00%                      Total Equity                          0.0          0.0%
                                         Other Long-Term Debt #2                  0.0               0.00%         0.00%
                                         Other Long-Term Debt #3                  0.0               0.00%         0.00%                      Total Book Capitalization            $0.0          0.0%
                                         Other Long-Term Debt #4                  0.0               0.00%         0.00%

                                         Total                                   $0.0            Pre-Tax          0.00%

                                                                                               After-Tax          0.00%                                        Proportions       Rate    Wtd. Factor


                Estimated Cost of Preferred:                                 Amount        Interest Rate                              Atfer Tax Cost of Debt         40.0%       5.00%         2.00%

                                         Preferred Stock                         $0.0               0.00%                             Cost of Preferred                  0.0%    0.00%         0.00%

                Estimated Cost of Equity Capital:                            Amount        Interest Rate                              Cost of Equity                 60.0%       9.50%         5.70%

                                         Total Book Equity Capital               $0.0         #REF!                                   Weighted Average Cost of Capital                         7.70%


                                            #REF!                             #REF!
                                            #REF!                             #REF!
                                         Unlevered Beta                          0.00
                                         Target Debt / Equity Ratio             66.7%
                                         Relevered Beta                          0.00
                                            CAPM Cost of Equity               #REF!




                Manual Interest Rates and Proportions                                    Calculation Given Target D / E
                After-Tax Cost of Debt                     5.00%                         Debt / Equity          0.667

                Cost of Preferred                          0.00%                         1+ D / E               1.6667

                Cost of Equity                             9.50%                         Debt / Value           40.0%

                                                                                         Preferred Stock         0.0%
                Beta Calculation
                Unlevered Beta = Adjusted (Levered) Beta * [MVE / (Market Cap - (T * Book Value Of Debt))]
                Relevered Beta = Unlevered Beta / [MVE / (Market Cap - (T * Book Value of Debt))]

                Levered Beta                                  0.78
                Current Stock Price                         $0.00                       Is Company Public ?        0
                $ of Outstanding Shares                       0.0                       (0=No, 1=Yes)

                Equity Value                                 $0.0                       If company is not public, model takes
                Total Outstanding Debt                        0.0                       book value of common stock and
                Preferred Stock                               0.0                       retained earnings in proforma year

                Market Capitalization                        $0.0                       E / V Percentage          60.0%
                Tax Rate                                    40.0%                       Equity Value               $0.0
                                                                                        Debt Value                 $0.0
                Post-Transaction Book Cap.                   $0.0

                Unlevered Beta                               0.00                       Relevered Beta             0.00
Page 38 of 49                                                                                       09149201-8f5c-4f23-9515-3e3246c7af271Targ_BS                                                                              1:34 PM3/24/2011
                Target Model Balances
                Circ Breaker Is On                                                                                            Project XXX - Company B
                No Cash Minimum                                                                                        Historical and Projected Balance Sheet
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                     Historical                          ProForma                                                         Projected
                                                   1994     1995        1996      1997     1998            1999              2000         2001       2002     2003     2004        2005     2006     2007     2008     2009
                           ASSETS
                Current Assets:
                   Cash & Marketable Securities      $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accounts Receivable                0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Inventories                        0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Prepaid Expenses                   0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #2            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #3            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #4            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Assets #5            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Assets                 $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                NonCurrent Assets:
                  Net PP&E                           $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                  Goodwill and Intangible Assets      0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #1                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #2                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #3                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #4                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #5                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #6                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                  Other NC Assets #7                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total NonCurrent Assets              $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       TOTAL ASSETS                  $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                                                                     Historical                          ProForma                                                         Projected
                   LIABILITIES & EQUITY            1994     1995        1996      1997     1998            1999              2000         2001       2002     2003     2004        2005     2006     2007     2008     2009

                Current Liabilities:
                   Accounts Payable                  $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Accrued Liabilities                0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #1       0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #2       0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #3       0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #4       0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Current Liabilities #5       0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Current Liabilities            $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                   Other NC Liability #1             $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Other NC Liability #2              0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #3              0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #4              0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other NC Liability #5              0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Minority Interest                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Long Term Debt:
                   Existing Debt                     $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                   Bank Revolver                      0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "A"               0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Senior Bank Term "B"               0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #1            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #2            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #3            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Other Long-Term Debt #4            0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                Total Long Term Debt                 $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                     TOTAL LIABILITIES               $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                Net Worth:
                   Equity - Common                   $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
                              - Preferred             0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0
                   Retained Earnings                  0.0      0.0          0.0      0.0      0.0                0.0             0.0           0.0      0.0      0.0      0.0         0.0      0.0      0.0      0.0      0.0

                    TOTAL NET WORTH                  $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                TOTAL LIABILITIES & EQUITY           $0.0     $0.0         $0.0     $0.0     $0.0               $0.0            $0.0          $0.0     $0.0     $0.0     $0.0        $0.0     $0.0     $0.0     $0.0     $0.0
             Page 39 of 49                                                      09149201-8f5c-4f23-9515-3e3246c7af271Targ_IS                                                           1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                                                  Project XXX - Company B
No Cash Minimum                                                                            Historical and Projected Income Statement
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                 Historical                       ProForma                                                          Projected
                               1994     1995       1996       1997     1998         1999              2000           2001      2002     2003     2004       2005     2006     2007          2008          2009

Net Sales                        $0.0     $0.0         $0.0     $0.0     $0.0            $0.0             $0.0          $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

  Cost Of Goods Sold              0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Gross Margin                    0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Operating Expenses:
  SG&A                            0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #1                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #2                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #3                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Other Expense #4                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

     Subtotal                     0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Consolidated EBIT                 0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Depreciation & Depletion        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
  Intangible Amortization         0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Consolidated EBITDA               0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

  Interest Income                 0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Interest Expense:
   Existing Debt                  0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Bank Revolver                  0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Senior Bank Term "A"           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Senior Bank Term "B"           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #1        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #2        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #3        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
   Other Long-Term Debt #4        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Total Interest Expense            0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Extraordinary Gain (Loss)         0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income Before Taxes           0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Provision For Income Taxes        0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income                       $0.0     $0.0         $0.0     $0.0     $0.0            $0.0             $0.0          $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

Preferred Dividends               0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0

Net Income To Common             $0.0     $0.0         $0.0     $0.0     $0.0            $0.0             $0.0          $0.0     $0.0     $0.0     $0.0       $0.0     $0.0     $0.0            $0.0        $0.0

Shares Outstanding                0.0      0.0          0.0      0.0      0.0             0.0              0.0           0.0      0.0      0.0      0.0        0.0      0.0      0.0             0.0         0.0
Page 40 of 49                                           09149201-8f5c-4f23-9515-3e3246c7af271Targ_CF                                        1:34 PM3/24/2011
  Target Model Balances
  Circ Breaker Is On                                                           Project XXX - Company B
  No Cash Minimum                                                   Historical and Projected Cash Flow Statement
  Pooling Accounting
  Performance Case: Base
  (FYE January; $ in millions)
                                                                                               Projected
                                            2000     2001        2002          2003         2004        2005     2006     2007     2008         2009
  Cash Flow From Operations:
    Net Income To Common                      $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Depreciation & Depletion                   0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Intangible Amortization                    0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Working Capital Source (Use):

  (Increase) In Net Working Capital           $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Changes in Other Assets/Liabilties:

  (Increase) In Other Assets/Liabilties       $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flows From Operating Activities        $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Investing Activities:
    Capital Expenditures                      $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Other                                      0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Cash Flows Available For Financing          $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Flow From Financing:
    Existing Debt                             $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Bank Revolver                              0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "A"                       0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Senior Bank Term "B"                       0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #1                    0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #2                    0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #3                    0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Other Long-Term Debt #4                    0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Common Stock Dividends                     0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Issuance (Repurchase) of Common Stock      0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0

  Cash Flows From Financing Activities        $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0

  Cash Balance Schedule:
    Beginning Cash Balance                    $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0
    Change In Cash                             0.0      0.0          0.0           0.0           0.0       0.0      0.0      0.0      0.0            0.0
    Ending Cash Balance                       $0.0     $0.0         $0.0          $0.0          $0.0      $0.0     $0.0     $0.0     $0.0           $0.0


  (Inc)/Dec In All NC Assets                   0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
  Inc/(Dec) In All NC Liabilities              0.0      0.0           0.0          0.0           0.0       0.0      0.0      0.0      0.0            0.0
Page 41 of 49                                                                    09149201-8f5c-4f23-9515-3e3246c7af271Targ_Debt_Repay                                              1:34 PM3/24/2011
                Target Model Balances
                Circ Breaker Is On                                                                             Project XXX - Company B
                No Cash Minimum                                                                           Projected Debt Repayment Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)
                                                                                                                             Projected
                                                                        2000       2001         2002        2003         2004       2005       2006     2007     2008     2009

                Cash Available For Debt Repayment                         $0.0        $0.0         $0.0        $0.0         $0.0        $0.0     $0.0     $0.0     $0.0     $0.0

                       Available Cash Balance                              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Minimum Cash Balance                                0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                       Available Discretionary Cash                       $0.0        $0.0         $0.0        $0.0         $0.0        $0.0     $0.0     $0.0     $0.0     $0.0


                Existing Debt
                       Beginning Existing Debt Balance                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Existing Debt                0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Mandatory Repayment                   0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Existing Debt Retired                               0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Existing Debt Balance                        0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "A"
                       Beginning Senior Bank Term "A" Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "A"         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Mandatory Repayment            0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "A" Retired                        0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "A" Balance                 0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Senior Bank Term "B"
                       Beginning Senior Bank Term "B" Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Senior Bank Term "B"         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Mandatory Repayment            0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Senior Bank Term "B" Retired                        0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Senior Bank Term "B" Balance                 0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #1
                       Beginning Other Long-Term Debt #1 Balance           0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #1      0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Mandatory Repayment         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #1 Retired                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #1 Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #2
                       Beginning Other Long-Term Debt #2 Balance           0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #2      0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Mandatory Repayment         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #2 Retired                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #2 Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #3
                       Beginning Other Long-Term Debt #3 Balance           0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #3      0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Mandatory Repayment         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #3 Retired                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #3 Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Other Long-Term Debt #4
                       Beginning Other Long-Term Debt #4 Balance           0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Other Long-Term Debt #4      0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Mandatory Repayment         0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Other Long-Term Debt #4 Retired                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Other Long-Term Debt #4 Balance              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0

                Bank Revolver
                       Beginning Bank Revolver Balance                     0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Cash For Retirement Of Bank Revolver                0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Retired                               0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Bank Revolver Addition                              0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
                       Ending Bank Revolver Balance                        0.0          0.0         0.0          0.0         0.0         0.0      0.0      0.0      0.0      0.0
Page 42 of 49                                                                                 09149201-8f5c-4f23-9515-3e3246c7af271Targ_D&A                                                      1:34 PM3/24/2011
                Target Model Balances
                Circ Breaker Is On                                                                       Project XXX - Company B
                No Cash Minimum                                                                 Book Depreciation and Amortization Schedule
                Pooling Accounting
                Performance Case: Base
                (FYE January; $ in millions)                   Depreciation Method                             Computed or Manual Depreciation
                                                             (0=SLN,1=Sum of Years)                                (0=Computed,1=Manual)
                Existing Equipment                              0        Straight Line                         0              Computed

                        Gross PP&E                 $0.0
                        Land                       $0.0

                                               Beginning                                                                                       Projected
                                                Amount       Period             Salvage           2000       2001         2002        2003     2004      2005    2006    2007    2008    2009

                        Category 1                 $0.0               0             $0.0            $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Category 2                  0.0               0              0.0             0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                        Category 3                  0.0               0              0.0             0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                        Category 4                  0.0               0              0.0             0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                        Category 5                  0.0               0              0.0             0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0

                                 Total             $0.0                                             $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                Capital Expenditures
                                                             Capital                                                                           Projected
                Depreciation Period            10 years    Expenditure            Year            2000       2001         2002        2003     2004      2005    2006    2007    2008    2009

                                                                 $0.0            2000               $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                                  0.0            2001                            0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2002                                        0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2003                                                    0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2004                                                            0.0      0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2005                                                                     0.0      0.0     0.0     0.0     0.0
                                                                  0.0            2006                                                                              0.0     0.0     0.0     0.0
                                                                  0.0            2007                                                                                      0.0     0.0     0.0
                                                                  0.0            2008                                                                                              0.0     0.0
                                                                  0.0            2009                                                                                                      0.0

                                 Total                           $0.0                               $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0

                TOTAL CALCULATED BOOK DEPRECIATION                                                   0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                     0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0

                BOOK DEPRECIATION                                                                    0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0


                                                                                                  2000       2001         2002        2003     2004     2005     2006    2007    2008    2009
                                                           PP&E Schedule
                                                             Beginning PP&E                         $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                             Capital Expenditures                    0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                             Asset Sales                             0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                             Land                                    0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0
                                                             Less : Depreciation                     0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending PP&E Balance                      $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0



                Goodwill and Intangible Assets                                                    2000       2001         2002        2003     2004     2005     2006    2007    2008    2009

                        Amortization $              $0.0                                            $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                        Amotiztion Period       5 years


                                                                                                  2000       2001         2002        2003     2004     2005     2006    2007    2008    2009
                                                           Intangible Schedule
                                                               Beginning Intangible Account         $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0
                                                               Less : Amortization                   0.0         0.0         0.0         0.0     0.0      0.0      0.0     0.0     0.0     0.0

                                                           Ending Intangible Account                $0.0        $0.0        $0.0        $0.0    $0.0     $0.0     $0.0    $0.0    $0.0    $0.0


                TOTAL CALCULATED AMORTIZATION                                                        0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0
                MANUALLY INPUT BOOK DEPRECIATION                                                     0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0

                TOTAL AMORTIZATION                                                                   0.0         0.0          0.0        0.0      0.0      0.0     0.0     0.0     0.0     0.0
          Page 43 of 49                                                       09149201-8f5c-4f23-9515-3e3246c7af271Targ_SHE                            1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                     Project XXX - Company B
No Cash Minimum                                                      Shareholder's Equity Schedule
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                                  Projected
                                          2000     2001     2002     2003      2004       2005            2006          2007         2008     2009

Beginning Shareholder's Equity              $0.0     $0.0     $0.0     $0.0       $0.0          $0.0          $0.0            $0.0     $0.0     $0.0
  Net Income
  Adjustments to Net Income                  0.0      0.0      0.0      0.0        0.0           0.0           0.0             0.0      0.0      0.0
  Common Stock Dividends                     0.0      0.0      0.0      0.0        0.0           0.0           0.0             0.0      0.0      0.0
  Issuance (Repurchase) of Common Stock      0.0      0.0      0.0      0.0        0.0           0.0           0.0             0.0      0.0      0.0

Ending Shareholder's Equity                 $0.0     $0.0     $0.0     $0.0       $0.0          $0.0          $0.0            $0.0     $0.0     $0.0
         Page 44 of 49                                         09149201-8f5c-4f23-9515-3e3246c7af271Targ_WC&BS_Assume                                            1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                                      Project XXX - Company B
No Cash Minimum                                                               Working Capital and Balance Sheet Assumptions
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                       Historical                   ProForma                                              Projected
                                        1994    1995     1996     1997     1998       1999         2000     2001        2002    2003    2004     2005   2006    2007    2008        2009

Current Assets:
 Accounts Receivable / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Inventories / Sales                     0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Prepaid Expenses / Sales                0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #2 / Sales         0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #3 / Sales         0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #4 / Sales         0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Assets #5 / Sales         0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

Current Liabilities:
 Accounts Payable / Sales                0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Accrued Liabilities / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #1 / Sales    0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #2 / Sales    0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #3 / Sales    0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #4 / Sales    0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
 Other Current Liabilities #5 / Sales    0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

Other Assumptions:
  Other NC Assets #1 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #2 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #3 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #4 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #5 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Assets #6 / Sales             0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%

  Other NC Liability #1 / Sales          0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #2 / Sales          0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #3 / Sales          0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #4 / Sales          0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Other NC Liability #5 / Sales          0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
  Minority Interest / Sales              0.0%    0.0%     0.0%     0.0%     0.0%        0.0%        0.0%      0.0%       0.0%    0.0%    0.0%    0.0%    0.0%    0.0%     0.0%       0.0%
            Page 45 of 49                                                               09149201-8f5c-4f23-9515-3e3246c7af271Targ_IS_Assume                                                         1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                                                       Project XXX - Company B
No Cash Minimum                                                                           Income Statement Assumptions and Historical Performance
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                           Historical                         ProForma                                                             Projected
                                1993     1994     1995       1996       1997     1998           1999              2000          2001          2002     2003     2004       2005     2006     2007        2008          2009
                                Sales
Net Sales                         $0.0     0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Cost Of Goods Sold / Sales                 0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Gross Margin                               0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Operating Expenses / Sales
  SG&A                                     0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%
  Other Expense #1                         0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%
  Other Expense #2                         0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%
  Other Expense #3                         0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%
  Other Expense #4                         0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Consolidated EBIT / Sales                  0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Consolidated EBITDA / Sales                0.0%     0.0%         0.0%     0.0%     0.0%              0.0%            0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%          0.0%        0.0%

Interest (Coupon) Rates:
   Interest Income                         0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Existing Debt                           0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Bank Revolver                           0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Senior Bank Term "A"                    0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Senior Bank Term "B"                    0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Other Long-Term Debt #1                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Other Long-Term Debt #2                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Other Long-Term Debt #3                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Other Long-Term Debt #4                 0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Preferred Stock (% of Par)              0.0%     0.0%        0.0%      0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
   Preferred Stock ($ Amount)             $0.00    $0.00       $0.00     $0.00    $0.00            $0.00            $0.00         $0.00        $0.00    $0.00    $0.00      $0.00    $0.00    $0.00        $0.00        $0.00
   Preferred Stock Par Value             $100.0

Tax Rates:
  Federal Tax Rate                         0.0%     0.0%         0.0%     0.0%     0.0%            40.0%            40.0%         40.0%        40.0%    40.0%    40.0%      40.0%    40.0%    40.0%        40.0%        40.0%
  State Tax Rate                           0.0%     0.0%         0.0%     0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
  Effective Tax Rate                       0.0%     0.0%         0.0%     0.0%     0.0%             0.0%             0.0%          0.0%         0.0%     0.0%     0.0%       0.0%     0.0%     0.0%         0.0%         0.0%
Page 46 of 49                                09149201-8f5c-4f23-9515-3e3246c7af271Targ_Perform_Assume                             1:34 PM3/24/2011
   Target Model Balances
   Circ Breaker Is On                                                    Project XXX - Company B
   No Cash Minimum                                                      Performance Assumptions
   Pooling Accounting
   Performance Case: Base
   (FYE January; $ in millions)

                 Case Selection:   1
                                                                                             Projected
                                       Historical   2000     2001      2002      2003      2004     2005       2006    2007    2008    2009

   Net Sales
            1 = Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
            2 = Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
            3 = Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   Cost Of Goods Sold / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   SG&A / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #1 / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #2 / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #3 / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
   Other Expense #4 / Sales
                Base                        0.0%     0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Optimistic                           0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
                Pessimistic                          0.0%      0.0%      0.0%      0.0%     0.0%        0.0%    0.0%    0.0%    0.0%    0.0%
            Page 47 of 49                                                        09149201-8f5c-4f23-9515-3e3246c7af271Targ_FCFF                                           1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                      Project XXX - Company B
No Cash Minimum                                                         Free Cash Flow Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                           Projected                                                              Normalized   Proforma
                                    2000     2001     2002     2003     2004       2005            2006         2007          2008       2009        2009         1999

Consolidated EBIT                     $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0          $0.0          $0.0     $0.0        $0.0

Less: Taxes at (40.0%)                 0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0

Plus: Depreciation & Amortization      0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0

Unlevered Cash Flow                   $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0          $0.0          $0.0     $0.0        $0.0

Minus:
Capital Expenditures                   0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0
Inc/(Dec) In Working Capital           0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0
Inc/(Dec) In All NC Assets             0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0
(Inc)/Dec In All NC Liabilities        0.0      0.0      0.0      0.0      0.0            0.0           0.0          0.0           0.0      0.0         0.0

Free Cash Flow                        $0.0     $0.0     $0.0     $0.0     $0.0           $0.0         $0.0          $0.0          $0.0     $0.0        $0.0
          Page 48 of 49                                                                 09149201-8f5c-4f23-9515-3e3246c7af271Targ_DCF                              1:34 PM3/24/2011




Target Model Balances
Circ Breaker Is On                                                   Project XXX - Company B
No Cash Minimum                                                   Discounted Cash Flow Analysis
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)

     NPV of Free Cash Flows                      FV of Terminal Value (EBITDA)                                    FV of Terminal Value (Perpetuity)
                                                                                                                                     1.0%      2.0%       3.0%
NPV of FCFF @ 7.00%            $0.0         Terminal Value @ 4.0x                $0.0               Terminal Value @ 7.00%             $0.0       $0.0      $0.0
NPV of FCFF @ 8.00%             0.0         Terminal Value @ 6.0x                 0.0               Terminal Value @ 8.00%               0.0        0.0      0.0
NPV of FCFF @ 9.00%             0.0         Terminal Value @ 8.0x                 0.0               Terminal Value @ 9.00%               0.0        0.0      0.0



                            PV of Terminal Value (EBITDA)                                              PV of Terminal Value (Perpetuity)
                                               4.0x      6.0x       8.0x                                                    1.0%       2.0%       3.0%
           Terminal Value @ 7.00%                 $0.0     $0.0       $0.0               Terminal Value @ 7.00%             $0.0       $0.0       $0.0
           Terminal Value @ 8.00%                  0.0      0.0        0.0               Terminal Value @ 8.00%              0.0         0.0       0.0
           Terminal Value @ 9.00%                  0.0      0.0        0.0               Terminal Value @ 9.00%              0.0         0.0       0.0
      Page 49 of 49                            09149201-8f5c-4f23-9515-3e3246c7af271Targ_DCF_Table                     1:34 PM3/24/2011
Target Model Balances
Circ Breaker Is On                                                                     Project XXX - Company B
No Cash Minimum                                                                  Discounted Cash Flow Table Summary
Pooling Accounting
Performance Case: Base
(FYE January; $ in millions)
                                                                    Total Enterprise Value

                                       EBITDA Multiple Method                                       Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                               1.0%          2.0%        3.0%

                          7.00%      $0.0               $0.0            $0.0          7.00%          $0.0       $0.0            $0.0
                          8.00%          0.0             0.0             0.0          8.00%           0.0        0.0             0.0
                          9.00%          0.0             0.0             0.0          9.00%           0.0        0.0             0.0

                                                                    Total Enterprise Value

                                         EBITDA Multiple Method                                     Perpetuity Growth Method
                                  4.0x           6.0x           8.0x                             1.0%          2.0%        3.0%

                          7.00%      $0.0               $0.0            $0.0          7.00%          $0.0       $0.0            $0.0
                          8.00%          0.0             0.0             0.0          8.00%           0.0        0.0             0.0
                          9.00%          0.0             0.0             0.0          9.00%           0.0        0.0             0.0

                                                                 Total Equity Value Per Share

                                       EBITDA Multiple Method                                       Perpetuity Growth Method
                                  4.0x         6.0x           8.0x                               1.0%          2.0%        3.0%

                          7.00%          NA               NA              NA          7.00%           NA          NA              NA
                          8.00%          NA               NA              NA          8.00%           NA          NA              NA
                          9.00%          NA               NA              NA          9.00%           NA          NA              NA

				
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