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

tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/

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

tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/

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

tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/