Epstein Secrets

mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307469 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit

mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307368 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit

mated interest expense 0 0 0 0 0 0 0 0 0 Estimated pre-tax income (28,730) 0 3,346 86,093 133,915 160,730 173,557 185,706 196,848 Begiming federal N()Ls 13,00D 13,000 13,000 9,654 0 0 0 0 0 plus: Additional federal N()Ls 0 0 0 0 0 0 0 0 0 Total allowable federal Mt,

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307267 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit