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

24112 93s 14M %Us 450v 61.9s al Sis NA NA 1.5s NA NA 120% MU% 215A% MIY 160% 629% 13.4% NA IIISTORICAL SEGMENT INFORMATION %cal Yta Endlel. I I.:111 p.41Ø Me-11.5x16 0% 0% 0% NA NA NA 5A NA NA Of Sti 2I% I% NA 0% 3% 2% 51.4 %A Lk t aud e cet.. W Mata n'Emmen Alat

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

24112 93s 14M %Us 450v 61.9s al Sis NA NA 1.5s NA NA 120% MU% 215A% MIY 160% 629% 13.4% NA IIISTORICAL SEGMENT INFORMATION %cal Yta Endlel. I I.:111 p.41Ø Me-11.5x16 0% 0% 0% NA NA NA 5A NA NA Of Sti 2I% I% NA 0% 3% 2% 51.4 %A Lk t aud e cet.. W Mata n'Emmen Alat

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

24112 93s 14M %Us 450v 61.9s al Sis NA NA 1.5s NA NA 120% MU% 215A% MIY 160% 629% 13.4% NA IIISTORICAL SEGMENT INFORMATION %cal Yta Endlel. I I.:111 p.41Ø Me-11.5x16 0% 0% 0% NA NA NA 5A NA NA Of Sti 2I% I% NA 0% 3% 2% 51.4 %A Lk t aud e cet.. W Mata n'Emmen Alat