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

e Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Commue« La. 0rØ draina fl émos entama« & Nemneak ()mana. Maki cf dama Mamie .7rd Marte elronfeanekk leakrtip Manas Maur. Malan ulAseloà‘ lted Manet ara Matai rültanutoe Nortaustm Commun Bimo ana Mat« of tentatkua le I eueer.1.4s ( een

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

e Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Commue« La. 0rØ draina fl émos entama« & Nemneak ()mana. Maki cf dama Mamie .7rd Marte elronfeanekk leakrtip Manas Maur. Malan ulAseloà‘ lted Manet ara Matai rültanutoe Nortaustm Commun Bimo ana Mat« of tentatkua le I eueer.1.4s ( een

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

e Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Commue« La. 0rØ draina fl émos entama« & Nemneak ()mana. Maki cf dama Mamie .7rd Marte elronfeanekk leakrtip Manas Maur. Malan ulAseloà‘ lted Manet ara Matai rültanutoe Nortaustm Commun Bimo ana Mat« of tentatkua le I eueer.1.4s ( een