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EFTA00307395_sub_001 - EFTA00307395_100

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ls. tost 0th 00 Om woel 04 Pls. Prchnnl Ss.% Om IM.A. 04 L6i Ooi Phs MIturley NAM 04 0.4 IwnmlftP4lTala 514.462 44.6 hynalm. 0:9 MMS. Pal.nn.ne• Faters1.4 Vake 511791 SMAL VIN 14.3% go vn> 104 NASDA11 VLD i097.1 DNA VTD 43% ~I Ter F.4~6 LlM Mol Tor Vaam Des.31.3490 Dth11.2901

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

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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 Pal.nn.ne• and Shannon Pratt's Business Valuation Update

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