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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
tumadf2potau Taal Sulk hymn& llom Benched Slams Pnee Evans,: Stoics Sales 2 waist, Total Iota 2 morrasts 0 $0 .17770 so 0 so tow&nte WejeSed Sldk Callum. eaten 3.600.000 50.031:00 5002599 $108 3.600 Comma anti. 556.016 MOM 003609 28 556 Low Sato Comma tummies 4.156.016 5,003268
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
tumadf2potau Taal Sulk hymn& llom Benched Slams Pnee Evans,: Stoics Sales 2 waist, Total Iota 2 morrasts 0 $0 .17770 so 0 so tow&nte WejeSed Sldk Callum. eaten 3.600.000 50.031:00 5002599 $108 3.600 Comma anti. 556.016 MOM 003609 28 556 Low Sato Comma tummies 4.156.016 5,003268
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
tumadf2potau Taal Sulk hymn& llom Benched Slams Pnee Evans,: Stoics Sales 2 waist, Total Iota 2 morrasts 0 $0 .17770 so 0 so tow&nte WejeSed Sldk Callum. eaten 3.600.000 50.031:00 5002599 $108 3.600 Comma anti. 556.016 MOM 003609 28 556 Low Sato Comma tummies 4.156.016 5,003268
Entities connected to both Rhode Island Street and WejeSed Sldk
ALIPHCOM
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ORGANIZATIONMichael Tamaru
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