Epstein Secrets

7% 2012 124.8 89.7 10.3% 2013 138.9 99.9 11.3% 2014 155.3 111.7 11.8% CAGR: 2009-14 Source: Datamonitor 10.1% DATAMONITOR • Sources: Standard & Poor's Industry Surveys (n, the Datamonitor Group, and information provided by management. CONFIDENTIAL I WTAS LLC 13 EFTA00307408 WTAS ALIPHCOM - COMMON EQUITY VALU

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo

7% 2012 124.8 89.7 10.3% 2013 138.9 99.9 11.3% 2014 155.3 111.7 11.8% CAGR: 2009-14 Source: Datamonitor 10.1% DATAMONITOR • Sources: Standard & Poor's Industry Surveys (n, the Datamonitor Group, and information provided by management. CONFIDENTIAL I WTAS LLC 13 EFTA00307307 WTAS ALIPHCOM - COMMON EQUITY VALU

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo

7% 2012 124.8 89.7 10.3% 2013 138.9 99.9 11.3% 2014 155.3 111.7 11.8% CAGR: 2009-14 Source: Datamonitor 10.1% DATAMONITOR • Sources: Standard & Poor's Industry Surveys (n, the Datamonitor Group, and information provided by management. CONFIDENTIAL I WTAS LLC 13 EFTA00307206 WTAS ALIPHCOM - COMMON EQUITY VALU

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo