Epstein Secrets

230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307397 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of

sasund« du lebra tondnunc Ibt <mime, lusa straft04 P44191401, ugh 31719 ON S'OU' Nut' A 2. 7d , 09031,1 ln IM9 +nid beaålintsend in bllmp. Dectutl. Slott Esdu•Se Webiu efteldte CPSE 4328 In Ner Vor las ruel Ound LTM ror 1213123)10 331,311 3112911 roula" 1.16,7, F0Nlegm ~IIR.lm.614n NA NA

230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307296 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of

sasund« du lebra tondnunc Ibt <mime, lusa straft04 P44191401, ugh 31719 ON S'OU' Nut' A 2. 7d , 09031,1 ln IM9 +nid beaålintsend in bllmp. Dectutl. Slott Esdu•Se Webiu efteldte CPSE 4328 In Ner Vor las ruel Ound LTM ror 1213123)10 331,311 3112911 roula" 1.16,7, F0Nlegm ~IIR.lm.614n NA NA

230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307195 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of

sasund« du lebra tondnunc Ibt <mime, lusa straft04 P44191401, ugh 31719 ON S'OU' Nut' A 2. 7d , 09031,1 ln IM9 +nid beaålintsend in bllmp. Dectutl. Slott Esdu•Se Webiu efteldte CPSE 4328 In Ner Vor las ruel Ound LTM ror 1213123)10 331,311 3112911 roula" 1.16,7, F0Nlegm ~IIR.lm.614n NA NA