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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
naws WWI ).AML.[.: ScnO. TAM Lm. WO Can. Oft efts ...wan PUT fecomwrie Ara win ILLS fewwwwwe ISM owilo 901 [...wawa ilidnato 2I.Z I feral. Mt Sew kn. 14 1.716 fd4w4 %IMAM (1:14)(wwwwww•willenwlo ISM.) ef eawwww. IWO wWW I 413)Conswwww lawail 0.144 towswywrew driall i2ALLSair•, -WU II
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
naws WWI ).AML.[.: ScnO. TAM Lm. WO Can. Oft efts ...wan PUT fecomwrie Ara win ILLS fewwwwwe ISM owilo 901 [...wawa ilidnato 2I.Z I feral. Mt Sew kn. 14 1.716 fd4w4 %IMAM (1:14)(wwwwww•willenwlo ISM.) ef eawwww. IWO wWW I 413)Conswwww lawail 0.144 towswywrew driall i2ALLSair•, -WU II
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
naws WWI ).AML.[.: ScnO. TAM Lm. WO Can. Oft efts ...wan PUT fecomwrie Ara win ILLS fewwwwwe ISM owilo 901 [...wawa ilidnato 2I.Z I feral. Mt Sew kn. 14 1.716 fd4w4 %IMAM (1:14)(wwwwww•willenwlo ISM.) ef eawwww. IWO wWW I 413)Conswwww lawail 0.144 towswywrew driall i2ALLSair•, -WU II
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