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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
22.5% 1.119**Schole9. Pommel, IF lump—m..441r call option) ci.SiN(di) • Xe'T "N(s12) di — (1r4St/X)*(r +.5(42)(T4))/(9Cr•l)n ) Q — dn • v1~9r0 Put-Call Parity ~ DesgMtn Amount — c, • Si + XeCT" lapea (I) SS- Value of the Company's total equity 5286,500 (2) X- Value of the Company's total equity
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
22.5% 1.119**Schole9. Pommel, IF lump—m..441r call option) ci.SiN(di) • Xe'T "N(s12) di — (1r4St/X)*(r +.5(42)(T4))/(9Cr•l)n ) Q — dn • v1~9r0 Put-Call Parity ~ DesgMtn Amount — c, • Si + XeCT" lapea (I) SS- Value of the Company's total equity 5286,500 (2) X- Value of the Company's total equity
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
22.5% 1.119**Schole9. Pommel, IF lump—m..441r call option) ci.SiN(di) • Xe'T "N(s12) di — (1r4St/X)*(r +.5(42)(T4))/(9Cr•l)n ) Q — dn • v1~9r0 Put-Call Parity ~ DesgMtn Amount — c, • Si + XeCT" lapea (I) SS- Value of the Company's total equity 5286,500 (2) X- Value of the Company's total equity
Entities connected to both DARPA and Put-Call Parity

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