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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
ine Prove 1960.80081710.60. 018010 5101cm Conmnet. M0078 el »n0180;110~ 10,04»s Crwsnet ad 1147».7411.1.74.0.• 044u.nrwetnnema.. 0:10.70578 >ram, Chweitidermbaness Cannillaa6 Mint. ui Aula Carennw Inextkolxf ruwe r .(ltunen AWn cortmna Eir1 d alom& Muil" 07070R8 19480,48n Ctraut.Mc00001M04,100406u.nsecttnuxe »J »SR 'amtru
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
ine Prove 1960.80081710.60. 018010 5101cm Conmnet. M0078 el »n0180;110~ 10,04»s Crwsnet ad 1147».7411.1.74.0.• 044u.nrwetnnema.. 0:10.70578 >ram, Chweitidermbaness Cannillaa6 Mint. ui Aula Carennw Inextkolxf ruwe r .(ltunen AWn cortmna Eir1 d alom& Muil" 07070R8 19480,48n Ctraut.Mc00001M04,100406u.nsecttnuxe »J »SR 'amtru
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
ine Prove 1960.80081710.60. 018010 5101cm Conmnet. M0078 el »n0180;110~ 10,04»s Crwsnet ad 1147».7411.1.74.0.• 044u.nrwetnnema.. 0:10.70578 >ram, Chweitidermbaness Cannillaa6 Mint. ui Aula Carennw Inextkolxf ruwe r .(ltunen AWn cortmna Eir1 d alom& Muil" 07070R8 19480,48n Ctraut.Mc00001M04,100406u.nsecttnuxe »J »SR 'amtru
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