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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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
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
5mø. Prat era ACOntlill niliM atdSmix v.x Prndese ((Fan.. Iffi Exoannee Clara». Claanna Narnisisee (canna ad Changan 94 B(4444 otitantini femme» Cbuf Euntne Oditer. Noiabl asa. and ~Iv el lbaril ecanaimaii Ciienui(( rotation. Dircon (Mau. Wahl dAuliaCm.nienud Vac »mime it lava. Silemaui Nat timcniive Movie a
Entities connected to both Rhode Island Street and Cbuf Euntne Oditer
ALIPHCOM
ORGANIZATION
the Board of Directors
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Michael Jackson
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ORGANIZATIONSequoia Capital
ORGANIZATIONMichael Tamaru
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