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

< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-111

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

< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-111