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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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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