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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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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