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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
Chlef txpoolw 0,11.v.lheakt. 84.1 DX taw (MO benimal 011144r. twain< Vi.0 Prot& knk et »ha 444.»..60 Teas ard than. af famaslama Citrons. 1.saytne Vin Pemilme. Acl.euy Had elSametok Omdcps Emanate...4 Mena. al Mdm tn4J.Ol(an nanelopment (Mk«. Ewa:IleVA< heiltran area Mont« of M.434 lalardelp Tina IW osn
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
Chlef txpoolw 0,11.v.lheakt. 84.1 DX taw (MO benimal 011144r. twain< Vi.0 Prot& knk et »ha 444.»..60 Teas ard than. af famaslama Citrons. 1.saytne Vin Pemilme. Acl.euy Had elSametok Omdcps Emanate...4 Mena. al Mdm tn4J.Ol(an nanelopment (Mk«. Ewa:IleVA< heiltran area Mont« of M.434 lalardelp Tina IW osn
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
Chlef txpoolw 0,11.v.lheakt. 84.1 DX taw (MO benimal 011144r. twain< Vi.0 Prot& knk et »ha 444.»..60 Teas ard than. af famaslama Citrons. 1.saytne Vin Pemilme. Acl.euy Had elSametok Omdcps Emanate...4 Mena. al Mdm tn4J.Ol(an nanelopment (Mk«. Ewa:IleVA< heiltran area Mont« of M.434 lalardelp Tina IW osn
Entities connected to both Rhode Island Street and Vin Pemilme
ALIPHCOM
ORGANIZATION
the Board of Directors
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Michael Jackson
PERSONAH Capital Management
ORGANIZATIONSequoia Capital
ORGANIZATIONMichael Tamaru
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Mao Zedong
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PERSONMySpace
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Joi Ito
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Myron Scholes
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Emory
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McGraw-Hill
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