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.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
.. ,,,,,, ri.Jnv fdrágia x" ic.% ier% MA NA NA MA wA t4A Okn 01. 64. ra srA su% .940 I ááááá 1:k liteilst Bda Itnan ~aa. 1144.1 Minne. Board Melebtra lang du Matul Lautt/u /kun Weent e. Ithe STyrile.I. P.Hhirdscn. Idre M•ils. (toen k e.hani • 1.1 bureau. CuChcifsubne (Abn. bo
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
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