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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
between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
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
between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
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
between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
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