Epstein Secrets

WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307294 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2

WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307193 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2

WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307395 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2