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n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307404 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307303 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307202 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
Entities connected to both DARPA and Management's Forecast Management

George W. Bush
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Eric Trump
PERSONLeon Black
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Michael Jackson
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Joi Ito
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Bloomberg L.P.
ORGANIZATIONDoug Band
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Scarlett Johansson
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McGraw-Hill
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Federal Reserve
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Mao Zedong
PERSONNanda
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Oakland
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Bill Maher
PERSONHewlett-Packard Company
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England
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the Internal Revenue Service
ORGANIZATIONFinancial Accounting Standards Board
ORGANIZATIONDenis
PERSONSloan
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