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

334. 11.1M P/IIN li tlICLIMEM row 'lemur (10$%I 004 1354%1 OPT 3.70 42. 122*. NA 17.20 NA 11.4% 1931113A 4%1.1% 113.0%1 (11}.1%) AVALLE! 19.90 663% IBM 2012% 134.0%1 0015%1 AVALLE! NA NA Taal Amos NA 1113%1 5.931 734% NA NA IIISIORICAL SEGMENT INFORMATION jo•%.414.14

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

334. 11.1M P/IIN li tlICLIMEM row 'lemur (10$%I 004 1354%1 OPT 3.70 42. 122*. NA 17.20 NA 11.4% 1931113A 4%1.1% 113.0%1 (11}.1%) AVALLE! 19.90 663% IBM 2012% 134.0%1 0015%1 AVALLE! NA NA Taal Amos NA 1113%1 5.931 734% NA NA IIISIORICAL SEGMENT INFORMATION jo•%.414.14

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

334. 11.1M P/IIN li tlICLIMEM row 'lemur (10$%I 004 1354%1 OPT 3.70 42. 122*. NA 17.20 NA 11.4% 1931113A 4%1.1% 113.0%1 (11}.1%) AVALLE! 19.90 663% IBM 2012% 134.0%1 0015%1 AVALLE! NA NA Taal Amos NA 1113%1 5.931 734% NA NA IIISIORICAL SEGMENT INFORMATION jo•%.414.14