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

r e n a n a g W Wet Lei* Maids Lad Yat Edenanatt %Mr: YID IN Sn) VID NASDAQ rio VID 14.0% 032 1.10 310 »0 211 mical lime Lallut. LTM Iwal Year EMI». Dit.M.M41: teit.31.7.10/ ~1.2010 la ; Rename 079x 0.75n 0.55‘ 0.49• 0.141 01 tv i URI» 5.1x T.p 5.71 4.4% 264 2.911 LV i 4111

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

r e n a n a g W Wet Lei* Maids Lad Yat Edenanatt %Mr: YID IN Sn) VID NASDAQ rio VID 14.0% 032 1.10 310 »0 211 mical lime Lallut. LTM Iwal Year EMI». Dit.M.M41: teit.31.7.10/ ~1.2010 la ; Rename 079x 0.75n 0.55‘ 0.49• 0.141 01 tv i URI» 5.1x T.p 5.71 4.4% 264 2.911 LV i 4111