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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
adon lama/ Vlat Praltael rate na Banitet Matta • Ete 164.1117 &tan) IlmitEuttat Othe Matra Malt Ilddrap ke lLk (huma Mbe %Art 18141Emuive 01678. hanta anil Clama etExceac Camese Dito«. Minai ateinhanaatut leehrap Comma 461Ftkerbef of Etuttwe Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Comm
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
adon lama/ Vlat Praltael rate na Banitet Matta • Ete 164.1117 &tan) IlmitEuttat Othe Matra Malt Ilddrap ke lLk (huma Mbe %Art 18141Emuive 01678. hanta anil Clama etExceac Camese Dito«. Minai ateinhanaatut leehrap Comma 461Ftkerbef of Etuttwe Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Comm
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
adon lama/ Vlat Praltael rate na Banitet Matta • Ete 164.1117 &tan) IlmitEuttat Othe Matra Malt Ilddrap ke lLk (huma Mbe %Art 18141Emuive 01678. hanta anil Clama etExceac Camese Dito«. Minai ateinhanaatut leehrap Comma 461Ftkerbef of Etuttwe Commune Dirent (aima et Ank kLkal ('toirra ad Nembet of Lucane Comm
Entities connected to both Rhode Island Street and hanta anil Clama
ALIPHCOM
ORGANIZATION
the Board of Directors
ORGANIZATION
Michael Jackson
PERSONAH Capital Management
ORGANIZATIONSequoia Capital
ORGANIZATIONMichael Tamaru
PERSON
Mao Zedong
PERSON
Crimea
LOCATION
Mantas
PERSONMySpace
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Armstrong
PERSON
Joi Ito
PERSON
Myron Scholes
PERSON
Oakland
LOCATION
Palantir
ORGANIZATION
Emory
ORGANIZATION
McGraw-Hill
ORGANIZATIONJulie
PERSON
Hardiman
PERSON
Federal Reserve
ORGANIZATION