Epstein Secrets

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

j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307461 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01

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

j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307360 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01

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

j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307259 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01