Epstein Secrets

397 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al

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296 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al

ow haulm, (lottOponsor us to, Dem 1.1( re im of Au/o coma«. %lank, • /Non n eel I: (*came.« 44114m)o tanrnoassen < moues)/ incislunlost Desoto. Ninths at A01 o <mine». Menk4 of Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of

195 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al

ow haulm, (lottOponsor us to, Dem 1.1( re im of Au/o coma«. %lank, • /Non n eel I: (*came.« 44114m)o tanrnoassen < moues)/ incislunlost Desoto. Ninths at A01 o <mine». Menk4 of Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of