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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
Wive 290 11% MO NA NA t46 4% 0% 00 'se tam 00 1% 6% /.4 ot as %op. snout au c Is..11..xeceintOtTua worm. Mai. •na l 4.a' DANA ad San Vex Mode. /14.04. &'.0i. 4110 1401. 017 011140 04 Smut V4:4"04140 Oust %on (10.11Mok Offon astl 500a Vice haulms M1004111440 Wenber4 il k N. %on? (Immo
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
Wive 290 11% MO NA NA t46 4% 0% 00 'se tam 00 1% 6% /.4 ot as %op. snout au c Is..11..xeceintOtTua worm. Mai. •na l 4.a' DANA ad San Vex Mode. /14.04. &'.0i. 4110 1401. 017 011140 04 Smut V4:4"04140 Oust %on (10.11Mok Offon astl 500a Vice haulms M1004111440 Wenber4 il k N. %on? (Immo
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
Wive 290 11% MO NA NA t46 4% 0% 00 'se tam 00 1% 6% /.4 ot as %op. snout au c Is..11..xeceintOtTua worm. Mai. •na l 4.a' DANA ad San Vex Mode. /14.04. &'.0i. 4110 1401. 017 011140 04 Smut V4:4"04140 Oust %on (10.11Mok Offon astl 500a Vice haulms M1004111440 Wenber4 il k N. %on? (Immo
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