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ESOP Feasibility Questionnaire

Menke & Associates, Inc.

ESOP Advisors and Bankers

Specializing in Employee Stock Ownership Plans Since 1974

690 Market Street, 12th Floor
San Francisco, California  94104-5113
(800) 347-8357     Fax: (415) 362-3268


The purpose of this questionnaire is to help us determine the feasibility of an Employee Stock Ownership Plan for your company. Any figures in response to these questions will be held in strictest confidence and will not be disclosed to anyone without your express consent.

You shall be under no obligation to pay any fees or charges as a result of your furnishing this preliminary information. Fees or other charges are only payable pursuant to and upon the execution of a formal agreement.

Please print out this form, complete all applicable entries, and then mail or fax your completed questionnaire to the attention of Jeannie Kluga at our San Francisco office. A representative will contact you shortly thereafter to discuss the feasibility of an ESOP for your company.


Company Name:

_____________________________________________________________________________

Address:

_____________________________________________________________________________

City/State/Zip:

_____________________________________________________________________________

Person to contact/Title:

_____________________________________________________________________________

Phone:

______________________________________

Fax:

______________________________________

Description of Business Activity:

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

Fiscal Year End:

_______________________________________

[ ] C-Corporation? or

[ ] S-Corporation

Please check your ESOP objectives and rank in order of importance:

________ Selling part or all of my stock tax free: [ ] now [ ] within 10 years

________ Buying back stock from other shareholders with tax deductible dollars.

________ Increasing the value of the stock that I keep.

________ Cutting corporation taxes and increasing cash flow.

________ Increasing employee incentive and productivity.

Stockholders / Shares (Percent) / Active or Inactive / Age

_____________________ / ________________ / ______________ / ________

_____________________ / ________________ / ______________ / ________

_____________________ / ________________ / ______________ / ________

Existing Qualified Benefits Plans:

[ ] 401(k)

[ ] Profit Sharing Plan

[ ] Other

How many employees:

_________________

Approximate annual payroll:

_________________

Approximate revenues:

Last year: $______________

This year: $____________

Approximate pre-tax earnings

Last year: $______________

This year: $____________

Estimated debt: $______________________

Estimated company value: $____________________________

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