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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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307462 tent \W.I.. WNW
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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307361 tent \W.I.. WNW
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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307260 tent \W.I.. WNW
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