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

58.6514 1391.0 1.5.934 1.7166 1a.`% 111.1% 19.8% 1,160 781 NA 72% 1061.0 NA NA en 11/111 10.161 I,Y 3.11 CY-0ø91Alautti 'ad, ban Oparens 12260 16200 son20 418360 MA tin letaig 7"8.0 163101 1810 1.6110 MA tin firam7.6 155501 111001 (0174) 14.030.01 Ogittaan 8 ana. 4030

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

58.6514 1391.0 1.5.934 1.7166 1a.`% 111.1% 19.8% 1,160 781 NA 72% 1061.0 NA NA en 11/111 10.161 I,Y 3.11 CY-0ø91Alautti 'ad, ban Oparens 12260 16200 son20 418360 MA tin letaig 7"8.0 163101 1810 1.6110 MA tin firam7.6 155501 111001 (0174) 14.030.01 Ogittaan 8 ana. 4030

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

58.6514 1391.0 1.5.934 1.7166 1a.`% 111.1% 19.8% 1,160 781 NA 72% 1061.0 NA NA en 11/111 10.161 I,Y 3.11 CY-0ø91Alautti 'ad, ban Oparens 12260 16200 son20 418360 MA tin letaig 7"8.0 163101 1810 1.6110 MA tin firam7.6 155501 111001 (0174) 14.030.01 Ogittaan 8 ana. 4030