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

l Valor I es, C.O. A I smky) L-9-1M44 1630 )14 Odd 3310 141111 34 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR&

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

l Valor I es, C.O. A I smky) L-9-1M44 1630 )14 Odd 3310 141111 34 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR&

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

l Valor I es, C.O. A I smky) L-9-1M44 1630 )14 Odd 3310 141111 34 00 00 .MI Ll➢ad Dialai4 Val! yon 214.4.5.son 4.9./no Trmfot Ta....( 144 Wee) Lou 6 1.494n tme Yea Reboot Per 1.4m..ent KMSVIII - 11D NASIMQ S RS Dil,1912) 3.1% NM) NMS n o n o no LS% 10.M1 43% 1144119m. EMIR&