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

n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1 194% 1.0 176% 1.0 163% 03 N N EFTA00307382 LOG

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

n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1 194% 1.0 176% 1.0 163% 03 N N EFTA00307281 LOG