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.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307422 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307321 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307220 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
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