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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
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
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
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
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
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
Entities connected to both Rhode Island Street and honk.%
ALIPHCOM
ORGANIZATION
the Board of Directors
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ORGANIZATIONSequoia Capital
ORGANIZATIONMichael Tamaru
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