1. Stategic Forecasting Inc. I LLUSTRATION OF J OINT V ENTURE & P ROPOSED R ESTRUCTURING DRAFT OF 5/17/2011 CONFIDENTIAL PRIVILEGED COMMUNICATION ATTORNEY WORK PRODUCT

2. Stratcap Funds 2 Stratfor Shareholders New Stratfor Stratfor Newco Stratcap Management Companies Stratcap Funds Morenz Group Morenz Member George Friedman 20% 70% 5% 90% 10% Tax Legend Corporation Partnership Multiple Entities & Individuals Various% Newco 90% 10% 100% Economic 0% Voting 0% Economic 100% Voting

3. 3 Circular 230 Notice To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or tax-related matters addressed herein.