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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
table below for details related to our analysis of the various factors considered and the resulting selected adjustment for lack of marketability. SILBER STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Fatten. Restricted Stock Total. The size of the restricted block relative to total share
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
table below for details related to our analysis of the various factors considered and the resulting selected adjustment for lack of marketability. SILBER STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Fatten. Restricted Stock Total. The size of the restricted block relative to total share
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
table below for details related to our analysis of the various factors considered and the resulting selected adjustment for lack of marketability. SILBER STUDY FACTORS AND SELECTED ADJUSTMENT FOR LACK OF MARKETABILITY Fatten. Restricted Stock Total. The size of the restricted block relative to total share
Entities connected to both Rhode Island Street and SILBER STUDY
ALIPHCOM
ORGANIZATION
the Board of Directors
ORGANIZATION
Michael Jackson
PERSONAH Capital Management
ORGANIZATIONSequoia Capital
ORGANIZATIONMichael Tamaru
PERSON
Mao Zedong
PERSON
Crimea
LOCATION
Mantas
PERSONMySpace
ORGANIZATION
Armstrong
PERSON
Joi Ito
PERSON
Myron Scholes
PERSON
Oakland
LOCATION
Palantir
ORGANIZATION
Emory
ORGANIZATION
McGraw-Hill
ORGANIZATIONJulie
PERSON
Hardiman
PERSON
Federal Reserve
ORGANIZATION