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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
2991~094114nobv)Scro pelemlotart184494915ene la orel 145 rodeiS .8484.104% ofid 4.190 coma tudiollon 9991en Stemma 984 Ohl If rahnumal. oho C99•441 Sen.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rlla
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
2991~094114nobv)Scro pelemlotart184494915ene la orel 145 rodeiS .8484.104% ofid 4.190 coma tudiollon 9991en Stemma 984 Ohl If rahnumal. oho C99•441 Sen.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rlla
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
2991~094114nobv)Scro pelemlotart184494915ene la orel 145 rodeiS .8484.104% ofid 4.190 coma tudiollon 9991en Stemma 984 Ohl If rahnumal. oho C99•441 Sen.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rlla
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