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WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307294 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S
Valuation Date. Similarly, management also expects the stereo headphone line to achieve a higher sales volume from the Company's recently launched Jambox, which is expected to be sold globally going forward. Management expects bluetooth sales to remain flat and sales of its enterprise products to decl
WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307193 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S
Valuation Date. Similarly, management also expects the stereo headphone line to achieve a higher sales volume from the Company's recently launched Jambox, which is expected to be sold globally going forward. Management expects bluetooth sales to remain flat and sales of its enterprise products to decl
WTAS VALUATION SERVICES GROUP AliphCom Common Equity Valuation as of June 20, 2011 CONFIDENTIAL EFTA00307395 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 2o, 2011 Table of Contents Transmittal Letter Definition of Value Scope of Engagement Conclusion S
Valuation Date. Similarly, management also expects the stereo headphone line to achieve a higher sales volume from the Company's recently launched Jambox, which is expected to be sold globally going forward. Management expects bluetooth sales to remain flat and sales of its enterprise products to decl
Entities connected to both ALIPHCOM and Jambox

the Board of Directors
ORGANIZATIONRhode Island Street
ORGANIZATIONLeon Black
PERSON
Michael Jackson
PERSONAH Capital Management
ORGANIZATIONDoug Band
PERSON
George W. Bush
PERSONPlantronics
ORGANIZATION
Joi Ito
PERSONMichael Tamaru
PERSON
Oakland
LOCATION
Palantir
ORGANIZATION
Emory
ORGANIZATION
McGraw-Hill
ORGANIZATIONJulie
PERSON
Hardiman
PERSON
Federal Reserve
ORGANIZATIONTatum
PERSON
Anita
PERSON