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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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
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