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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
resulting selected adjustment for lack of marketability. MANAGEMENT PLANNING, INC. STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Quartiles Company Comparable Fact or 1 2 3 4 Discount Average Revenues ($ millions) $114-042 $35.809 $1 8 . 05 7 $5-970 $ 86.781 Average Discount
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
resulting selected adjustment for lack of marketability. MANAGEMENT PLANNING, INC. STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Quartiles Company Comparable Fact or 1 2 3 4 Discount Average Revenues ($ millions) $114-042 $35.809 $1 8 . 05 7 $5-970 $ 86.781 Average Discount
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
resulting selected adjustment for lack of marketability. MANAGEMENT PLANNING, INC. STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Quartiles Company Comparable Fact or 1 2 3 4 Discount Average Revenues ($ millions) $114-042 $35.809 $1 8 . 05 7 $5-970 $ 86.781 Average Discount
Entities connected to both DARPA and Quartiles

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