Epstein Secrets

et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2

et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2

et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th

mber 31, to -date For the fiscal yeses. ending December 31, 20011 2009 2010 3131/2011 2011 2012 2013 2914 2015 2016 2017 2018 2019 Operoling expores' 538.010 538,954 544,015 514,380 564,700 586,918 5120,521 5140,295 5152,595 5164,290 5177,461 5189,888 5201,281 at % of ~nut 2