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EFTA00307395_sub_001 - EFTA00307395_100

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5165400 rote harems 191741 15.7180 1414410 10.114.0 Lai Ettot 0.5050 0,6700 104810 6.4060 Na Man. Mea 6.1430 1,7110 0.4140 3410 nele.Fra NWC 6.1150 1301.0 04010 0410 )...rs Tt« DS 020 5360 len 4.0140 1834.0 1.7030 244/9.0 68100 7,0610 04639 6.110.0 1.274 No ROE 1.41110 1

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307490 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

EFTA00307294_sub_001 - EFTA00307294_100

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Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307389 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

EFTA00307193_sub_001 - EFTA00307193_100

2 mentions1 same-page

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Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307288 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

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Entities connected to both Fra NWC and Shannon Pratt's Business Valuation Update

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