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

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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

a Esm., I" enbrol Sant Imdume. Vachon: I " 9/4746 11-4.7 IILSE lat.) Y.7011 tar Lam FiKJ Paul« LT51••• Lin Rl0 ••• • 2.Jan> forams:mama. Narnati 3,1,2011 R. I nit Daft 8138. 30CbII atnp.m11.4 lu nalam nee,. per **vim.. Onvole 1,144 032011). 5: Rena lA01 #2.W..1.1/ 521ted Lw tet201

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

a Esm., I" enbrol Sant Imdume. Vachon: I " 9/4746 11-4.7 IILSE lat.) Y.7011 tar Lam FiKJ Paul« LT51••• Lin Rl0 ••• • 2.Jan> forams:mama. Narnati 3,1,2011 R. I nit Daft 8138. 30CbII atnp.m11.4 lu nalam nee,. per **vim.. Onvole 1,144 032011). 5: Rena lA01 #2.W..1.1/ 521ted Lw tet201