Epstein Secrets

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307469 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307368 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r

ear holding period. Therefore, hereafter, references to the FMV study refer only to those securities with a two-year holding period. CONFIDENTIAL i wras LLC 74 EFTA00307267 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 • Market Price Volatility. Companies with greater volatilit