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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
404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-1114 'Si 541 117.7 1391 1433
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
404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-1114 'Si 541 117.7 1391 1433
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
404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-1114 'Si 541 117.7 1391 1433
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