Hollywall Entertainment Inc (HWAL)

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vii.) On September 8, 2014, The Hollywall Music library was appraised by Entertainment Financial Services, Inc. Entertainment Financial Services is a top recognized music rights royalty auditor and Certified Public Accountant for the music and sports industry. The music library was appraised based on total forecasted net revenue (before tax) of $90,855,182 during the 2014 to 2023 measurement period. The appraisal amount is based on a gross valuation of $78,811,503 net of tax effect of $31,524,600 for a net after tax valuation of $47,286,902.