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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
1.16,7, F0Nlegm ~IIR.lm.614n NA NA KIM° Le far %Rb% cm,. Ra stutt tuR IYWr Curial Ptix(612611) 32 redllidldA71.4 3)Weet Lou 04•14/149 lad Cuevas %un ()sauvas. Mulet C•014411rados $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill
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
1.16,7, F0Nlegm ~IIR.lm.614n NA NA KIM° Le far %Rb% cm,. Ra stutt tuR IYWr Curial Ptix(612611) 32 redllidldA71.4 3)Weet Lou 04•14/149 lad Cuevas %un ()sauvas. Mulet C•014411rados $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill
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
1.16,7, F0Nlegm ~IIR.lm.614n NA NA KIM° Le far %Rb% cm,. Ra stutt tuR IYWr Curial Ptix(612611) 32 redllidldA71.4 3)Weet Lou 04•14/149 lad Cuevas %un ()sauvas. Mulet C•014411rados $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill
Entities connected to both Michael Tamaru and Cuevas %
ALIPHCOM
ORGANIZATIONAH Capital Management
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the Board of Directors
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Michael Jackson
PERSONRhode Island Street
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DARPA
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Mao Zedong
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Emory
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McGraw-Hill
ORGANIZATIONJulie
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Federal Reserve
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