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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
keTylOtyll. IlbCilktr) ette seti“. tig elacilkny St*. ElbekB011 borm wne. Ihe Illackbery Teut. DIWILITRIT Mfl •0•01. 444 OuLl44114461IP1/184•L bbc.. Theuxquay's BLwlOasy becipme 1011114111 wurm. RIal.B4n3 culensudlakar. BbeLBan anaquaescium CNN libaBalo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndu
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
keTylOtyll. IlbCilktr) ette seti“. tig elacilkny St*. ElbekB011 borm wne. Ihe Illackbery Teut. DIWILITRIT Mfl •0•01. 444 OuLl44114461IP1/184•L bbc.. Theuxquay's BLwlOasy becipme 1011114111 wurm. RIal.B4n3 culensudlakar. BbeLBan anaquaescium CNN libaBalo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndu
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
keTylOtyll. IlbCilktr) ette seti“. tig elacilkny St*. ElbekB011 borm wne. Ihe Illackbery Teut. DIWILITRIT Mfl •0•01. 444 OuLl44114461IP1/184•L bbc.. Theuxquay's BLwlOasy becipme 1011114111 wurm. RIal.B4n3 culensudlakar. BbeLBan anaquaescium CNN libaBalo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndu
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