Epstein Secrets

5.552.0 2.937.9 315x: Marta90 /54% 10.06 IPA% 9,014 52% LB1T 8.1021 3309.1 3.103 ANTS 5714 LIM a 4104.6"/ 124% 40% 54% Al% 14% Methodist 53724 1277.0 2.4203 16165 µA NS mans., 4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mt

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307490 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

5.552.0 2.937.9 315x: Marta90 /54% 10.06 IPA% 9,014 52% LB1T 8.1021 3309.1 3.103 ANTS 5714 LIM a 4104.6"/ 124% 40% 54% Al% 14% Methodist 53724 1277.0 2.4203 16165 µA NS mans., 4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mt

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307389 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

5.552.0 2.937.9 315x: Marta90 /54% 10.06 IPA% 9,014 52% LB1T 8.1021 3309.1 3.103 ANTS 5714 LIM a 4104.6"/ 124% 40% 54% Al% 14% Methodist 53724 1277.0 2.4203 16165 µA NS mans., 4%. 7.4% 2..”4 4.1% 4.3% 5:4 3 ) 01109 1PS 1.47 034 067 0.71 025 5'nh lba SuMwinl 7,4, Mt

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307288 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o