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ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
rmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
rmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
rmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap
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