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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
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
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
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
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
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
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