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cl - (tannaue Defay ("unau Stramay Bue* »eut. idStnegiy Catane. ae ihtarba. a( Rantiodue Causant Iluroce.Cdctt Mcroty ofeht Sumencey 1144/4 ma (Tatum iCAt.dt Cdsmutt ItrJ.nIHR1a0a Muslis oltneerneny EtunluulMenlinr Ranteemonufleamtux Miel), Mao& 413tpcnud7119dr4 Steedenline. Rad Mets& 41%p:r
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
cl - (tannaue Defay ("unau Stramay Bue* »eut. idStnegiy Catane. ae ihtarba. a( Rantiodue Causant Iluroce.Cdctt Mcroty ofeht Sumencey 1144/4 ma (Tatum iCAt.dt Cdsmutt ItrJ.nIHR1a0a Muslis oltneerneny EtunluulMenlinr Ranteemonufleamtux Miel), Mao& 413tpcnud7119dr4 Steedenline. Rad Mets& 41%p:r
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
cl - (tannaue Defay ("unau Stramay Bue* »eut. idStnegiy Catane. ae ihtarba. a( Rantiodue Causant Iluroce.Cdctt Mcroty ofeht Sumencey 1144/4 ma (Tatum iCAt.dt Cdsmutt ItrJ.nIHR1a0a Muslis oltneerneny EtunluulMenlinr Ranteemonufleamtux Miel), Mao& 413tpcnud7119dr4 Steedenline. Rad Mets& 41%p:r
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
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