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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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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
115 0.321 1.16 221 211 257 211 Ce» 11» 0000.61 'Rh 0.0.(0800.06 8991 81433 51582 51542 Csh trrtn %mini 14321 67.0 (169» 1160.91 CO. Ina Iltembg (1101 wao 15541 (55.41 04(4C00,110 .t Amin. 22593 15.1 13,2 13.2 CA4021 Emma». 12171 16.31 11041 (1161 Iblasee Mime lak» 108 And, 5
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