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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
j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307360 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01
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
j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307259 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01
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
j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307461 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01
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