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

lettninanow som 19:41 int srchmels aW Oe WAM IMLN Massa] Jat NIM« essem pis Ahmsk. seseiviui ~bias...It. ~mi 'ad ambst4.46 sarom NON.. 9.9.44I41 As sas u.5.41.6 lommemblaIdesiss.. lø phdas hee(sesi.e.dwin1 anl wdelia A 5w Oul csubk Ellvrø ~bnp hosSt941 aa.w 4.-hh•Lmmt.66.49. amlneconk simt*. 495 shunt, NET

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

lettninanow som 19:41 int srchmels aW Oe WAM IMLN Massa] Jat NIM« essem pis Ahmsk. seseiviui ~bias...It. ~mi 'ad ambst4.46 sarom NON.. 9.9.44I41 As sas u.5.41.6 lommemblaIdesiss.. lø phdas hee(sesi.e.dwin1 anl wdelia A 5w Oul csubk Ellvrø ~bnp hosSt941 aa.w 4.-hh•Lmmt.66.49. amlneconk simt*. 495 shunt, NET

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

lettninanow som 19:41 int srchmels aW Oe WAM IMLN Massa] Jat NIM« essem pis Ahmsk. seseiviui ~bias...It. ~mi 'ad ambst4.46 sarom NON.. 9.9.44I41 As sas u.5.41.6 lommemblaIdesiss.. lø phdas hee(sesi.e.dwin1 anl wdelia A 5w Oul csubk Ellvrø ~bnp hosSt941 aa.w 4.-hh•Lmmt.66.49. amlneconk simt*. 495 shunt, NET