Combination Template

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 9/22/2010 7:18
(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
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
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
Total Current Liabilities $0.0 $0.0
Other NC Liability #1 $0.0 $0.0

Other NC Liability #2 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
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
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
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

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
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
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 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 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 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 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 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 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
come 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 50 40522943.xlsNew_BS 07:18:2609/22/2010
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
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
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
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
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
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 50 40522943.xlsNew_IS 07:18:2609/22/2010
No Cash Minimum NewCo Projected Income Statement
Pooling Accounting
(FYE January; $ in millions) Historical
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
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 50 40522943.xlsNew_SCF 07:18:2609/22/2010
No Cash Minimum NewCo Projected Cash Flow Statement
Pooling Accounting
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
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 50 40522943.xlsNew_Debt_Repay 07:18:2609/22/2010
No Cash Minimum Projected Debt Repayment Schedule
Pooling Accounting
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



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 50 40522943.xlsNew_D&A_Page 07:18:2709/22/2010
No Cash Minimum Book Depreciation and Amortization Schedule
Pooling Accounting
(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
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 50 40522943.xlsNew_Shdlrs_Equity 07:18:2809/22/2010

No Cash Minimum Shareholder's Equity Schedule
Pooling Accounting
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
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 50 40522943.xlsNew_WC&BS_Assume 07:18:2909/22/2010
No Cash Minimum NewCo Working Capital and Balance Sheet Assumptions
Pooling Accounting
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%
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 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 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%
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 50 40522943.xlsNew_IS_Assume 07:18:2909/22/2010
No Cash Minimum NewCo Income Statement Assumptions
Pooling Accounting
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%
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 50 40522943.xlsNew_Perform_Assume 07:18:2909/22/2010
No Cash Minimum Performance Assumptions
Pooling Accounting
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%
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%
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%
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 23 of 50 40522943.xlsNew_FCFF 07:18:3009/22/2010

No Cash Minimum Free Cash Flow Summary
Pooling Accounting
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 24 of 50 40522943.xlsNew_DCF 07:18:3109/22/2010

No Cash Minimum Discounted Cash Flow Analysis
Pooling Accounting
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
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
Page 25 of 50 40522943.xlsNew_DCF_Table 07:18:3109/22/2010
No Cash Minimum Discounted Cash Flow Table Summary
Pooling Accounting
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

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

4.0x 6.0x 8.0x 1.0% 2.0% 3.0%
7.00% NA NA NA 7.00% NA NA NA
Page 26 of 50 40522943.xlsAcq_BS 07:18:3109/22/2010
Acquiror Model Balances
Circ Breaker Is On Project XXX - Company A
No Cash Minimum Historical and Projected Balance Sheet
Pooling Accounting
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
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

LIABILITIES & EQUITY 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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
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
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
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 27 of 50 40522943.xlsAcq_IS 07:18:3109/22/2010

No Cash Minimum Historical and Projected Income Statement
Pooling Accounting
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
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 28 of 50 40522943.xlsAcq_CF 07:18:3209/22/2010
No Cash Minimum Historical and Projected Cash Flow Statement
Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Other 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
Bank Revolver 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
Page 29 of 50 40522943.xlsAcq_Debt_Repay 07:18:3209/22/2010
Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Existing Debt






Bank Revolver
Page 30 of 50 40522943.xlsAcq_D&A 07:18:3309/22/2010
Pooling Accounting
Gross PP&E $0.0

Land $0.0
Beginning Projected
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 Projected
$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
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
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
Amortization $ $0.0 $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
Intangible Schedule
Page 31 of 50 40522943.xlsAcq_SHE 07:18:3409/22/2010

Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Net Income
Page 32 of 50 40522943.xlsAcq_WC&BS_Assume 07:18:3409/22/2010

No Cash Minimum Working Capital and Balance Sheet Assumptions
Pooling Accounting
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%
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 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 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%
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 33 of 50 40522943.xlsAcq_IS_Assume 07:18:3409/22/2010

No Cash Minimum Income Statement Assumptions and Historical Performance
Pooling Accounting
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%

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 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%
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 34 of 50 40522943.xlsAcq_Perform_Assume 07:18:3409/22/2010
Pooling Accounting
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%
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%
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%
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%
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%
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 35 of 50 40522943.xlsAcq_FCFF 07:18:3509/22/2010

Pooling Accounting
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009 1999
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
Minus:
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 36 of 50 40522943.xlsAcq_DCF 07:18:3709/22/2010

Pooling Accounting
1.0% 2.0% 3.0%

4.0x 6.0x 8.0x 1.0% 2.0% 3.0%
Page 37 of 50 40522943.xlsAcq_DCF_Table 07:18:3709/22/2010
Pooling Accounting

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

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

4.0x 6.0x 8.0x 1.0% 2.0% 3.0%
Page 38 of 50 40522943.xlsAcq_WACC 07:18:3809/22/2010
No Cash Minimum Estimated Weighted Average Cost of Capital Calculation
Pooling Accounting
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 #3 0.0 0.00% 0.00% Total Book Capitalization $0.0 0.0%
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 1.67
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 39 of 50 40522943.xlsTarg_BS 07:18:3809/22/2010
Target Model Balances
Circ Breaker Is On Project XXX - Company B
No Cash Minimum Historical and Projected Balance Sheet
Pooling Accounting
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
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

LIABILITIES & EQUITY 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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
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
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
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 40 of 50 40522943.xlsTarg_IS 07:18:3909/22/2010

No Cash Minimum Historical and Projected Income Statement
Pooling Accounting
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
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 41 of 50 40522943.xlsTarg_CF 07:18:3909/22/2010
No Cash Minimum Historical and Projected Cash Flow Statement
Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Other 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
Bank Revolver 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
Page 42 of 50 40522943.xlsTarg_Debt_Repay 07:18:3909/22/2010
Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Existing Debt






Bank Revolver
Page 43 of 50 40522943.xlsTarg_D&A 07:18:4009/22/2010
Pooling Accounting
Gross PP&E $0.0

Land $0.0
Beginning Projected
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 Projected
$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
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
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
Amortization $ $0.0 $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
Intangible Schedule
Page 44 of 50 40522943.xlsTarg_SHE 07:18:4109/22/2010

Pooling Accounting
Projected
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Net Income
Page 45 of 50 40522943.xlsTarg_WC&BS_Assume 07:18:4109/22/2010

No Cash Minimum Working Capital and Balance Sheet Assumptions
Pooling Accounting
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%
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 Assumptions:
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 46 of 50 40522943.xlsTarg_IS_Assume 07:18:4109/22/2010

No Cash Minimum Income Statement Assumptions and Historical Performance
Pooling Accounting
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%

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 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%
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 47 of 50 40522943.xlsTarg_Perform_Assume 07:18:4109/22/2010
Pooling Accounting
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%
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%
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%
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%
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%
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 48 of 50 40522943.xlsTarg_FCFF 07:18:4309/22/2010

Pooling Accounting
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2009 1999
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
Minus:
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 49 of 50 40522943.xlsTarg_DCF 07:18:4409/22/2010

Pooling Accounting
1.0% 2.0% 3.0%

4.0x 6.0x 8.0x 1.0% 2.0% 3.0%
Page 50 of 50 40522943.xlsTarg_DCF_Table 07:18:4409/22/2010
Pooling Accounting

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

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

4.0x 6.0x 8.0x 1.0% 2.0% 3.0%

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NewCo Model Balances -- Circ Breaker Is On -- No Cash Minimum -- Pooling Accounting Written By John P.

Uses of Funds Sources of Funds Rate % Goodwill Calculation

Total Current Assets $0.0 $0.0

Total NonCurrent Assets $0.0 $0.0

TOTAL ASSETS $0.0 $0.0

LIABILITIES & EQUITY

Total Current Liabilities $0.0 $0.0

Other NC Liability #1 $0.0 $0.0

Long Term Debt:

Total Long Term Debt $0.0 $0.0

TOTAL LIABILITIES $0.0 $0.0

TOTAL NET WORTH $0.0 $0.0

TOTAL LIABILITIES & EQUITY $0.0 $0.0

Balance Check $0.0 $0.0

ENTER DATA AS POSITIVE NUMBERS Pro

Additional Net Sales Increase 1 2 3 4

Base 1 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

Base 1 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

Other Expense #2 Savings 1 2 3 4

Base 1 0.0 0.0 0.0 0.0

Other Expense #3 Savings 1 2 3 4

Other Expense #4 Savings 1 2 3 4

Base 1 0.0 0.0 0.0 0.0

2003 2004 2005 2006 2007 2008 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

Long Term Debt:

Working Capital Source (Use):

Changes in Other Assets/Liabilties:

Cash Flow From Investing Activities:

Cash Flow From Financing:

Cash Balance Schedule:

Senior Bank Term "A"

Senior Bank Term "B"

Other Long-Term Debt #1

Other Long-Term Debt #2

Other Long-Term Debt #3

Other Long-Term Debt #4

Gross PP&E $0.0

NewCo Model Balances

Operating Expenses / Sales

Interest (Coupon) Rates:

NewCo Model Balances

NewCo Model Balances

PV of Terminal Value (EBITDA) PV of Terminal Value (Perpetuity)

EBITDA Multiple Method Perpetuity Growth Method

7.00% $0.0 $0.0 $0.0 7.00% $0.0 $0.0 $0.0

Total Enterprise Value

EBITDA Multiple Method Perpetuity Growth Method