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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
p/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fins Gana LTAI ,» el 0%a16W..urcpry...weaW She Olntu3133Y Cuman Peke i62011) OAF 139.1m411.441.1 NA S:ITMMDI/1NØ 23.2E SAM 29(40 132 » Wed 19( (/4»017 In* &in »ion I.» red Casten Mora 0.44anlare 3644C
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
p/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fins Gana LTAI ,» el 0%a16W..urcpry...weaW She Olntu3133Y Cuman Peke i62011) OAF 139.1m411.441.1 NA S:ITMMDI/1NØ 23.2E SAM 29(40 132 » Wed 19( (/4»017 In* &in »ion I.» red Casten Mora 0.44anlare 3644C
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
p/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fins Gana LTAI ,» el 0%a16W..urcpry...weaW She Olntu3133Y Cuman Peke i62011) OAF 139.1m411.441.1 NA S:ITMMDI/1NØ 23.2E SAM 29(40 132 » Wed 19( (/4»017 In* &in »ion I.» red Casten Mora 0.44anlare 3644C
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