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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
he continually increasing economic indicators represent an increase in inventories and economic activity. Please see below for further information. Consolidated - Annual Change (2/10 - 2/11) Industrial Production Business Manufacturing Consumer . endin 5.81% 7.53% 3.77% 7 Sources: Capital IQ, Federal Reserve Board, th
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
he continually increasing economic indicators represent an increase in inventories and economic activity. Please see below for further information. Consolidated - Annual Change (2/10 - 2/11) Industrial Production Business Manufacturing Consumer . endin 5.81% 7.53% 3.77% 7 Sources: Capital IQ, Federal Reserve Board, th
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
he continually increasing economic indicators represent an increase in inventories and economic activity. Please see below for further information. Consolidated - Annual Change (2/10 - 2/11) Industrial Production Business Manufacturing Consumer . endin 5.81% 7.53% 3.77% 7 Sources: Capital IQ, Federal Reserve Board, th
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