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397 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al
y 1.2010 Motorola kn. spun in» no pablicly ernOn °moaner. Inkorrtin Soluernris Inc and Mnicnnb Mobility Holdrrnis. Inr..erlksine lawny 12011. Slid« (Oa &Onion:. is primarily provides parnurra aid salutinu » reica pm. mJ naterianum room. ?Manila Marini), »Wino: Inc primarily prin.*, Fordines an, aohnons ea
296 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al
y 1.2010 Motorola kn. spun in» no pablicly ernOn °moaner. Inkorrtin Soluernris Inc and Mnicnnb Mobility Holdrrnis. Inr..erlksine lawny 12011. Slid« (Oa &Onion:. is primarily provides parnurra aid salutinu » reica pm. mJ naterianum room. ?Manila Marini), »Wino: Inc primarily prin.*, Fordines an, aohnons ea
195 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 August 3, 2011 Mr. Michael Tamaru Chief Financial Officer AliphCom 99 Rhode Island Street, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Al
y 1.2010 Motorola kn. spun in» no pablicly ernOn °moaner. Inkorrtin Soluernris Inc and Mnicnnb Mobility Holdrrnis. Inr..erlksine lawny 12011. Slid« (Oa &Onion:. is primarily provides parnurra aid salutinu » reica pm. mJ naterianum room. ?Manila Marini), »Wino: Inc primarily prin.*, Fordines an, aohnons ea
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