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230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307397 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
2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9
230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307296 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
2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9
230 Requirements) CONFIDENTIAL I WTAS LLC EFTA00307195 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
2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9
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