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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
4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mtn oram.ma 14A673 14.631.5 144014 15.1105 Gab Inta Immeg 1145921 (3.079.51 02441 11.147.3) Cale Mtn branatu C.155.91 1997.51 (12214/ 11.744.0) Otimmama .1 Amain 2.2593 25111 2.2363 2.174.3 Ca
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
4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mtn oram.ma 14A673 14.631.5 144014 15.1105 Gab Inta Immeg 1145921 (3.079.51 02441 11.147.3) Cale Mtn branatu C.155.91 1997.51 (12214/ 11.744.0) Otimmama .1 Amain 2.2593 25111 2.2363 2.174.3 Ca
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
4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mtn oram.ma 14A673 14.631.5 144014 15.1105 Gab Inta Immeg 1145921 (3.079.51 02441 11.147.3) Cale Mtn branatu C.155.91 1997.51 (12214/ 11.744.0) Otimmama .1 Amain 2.2593 25111 2.2363 2.174.3 Ca
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