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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
.a.lei Omen nwratuawolle. Can wbontimitill Ily• win (WwworsonowntigiNitimio fawn nos wwaillenfwwwWw na0 Sew If wastowfwkw Sea • Itarstun. gra. Sena la owns *pinks Tomi ornate/I...Ian woe °owe awlyWew Sins • IP pita. Wings ▪ nowat.Wwwwnw winnow. mines WS, W town% lwauwaloaegasesawitigya eml fil
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
.a.lei Omen nwratuawolle. Can wbontimitill Ily• win (WwworsonowntigiNitimio fawn nos wwaillenfwwwWw na0 Sew If wastowfwkw Sea • Itarstun. gra. Sena la owns *pinks Tomi ornate/I...Ian woe °owe awlyWew Sins • IP pita. Wings ▪ nowat.Wwwwnw winnow. mines WS, W town% lwauwaloaegasesawitigya eml fil
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
.a.lei Omen nwratuawolle. Can wbontimitill Ily• win (WwworsonowntigiNitimio fawn nos wwaillenfwwwWw na0 Sew If wastowfwkw Sea • Itarstun. gra. Sena la owns *pinks Tomi ornate/I...Ian woe °owe awlyWew Sins • IP pita. Wings ▪ nowat.Wwwwnw winnow. mines WS, W town% lwauwaloaegasesawitigya eml fil
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