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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
54 L0 MN it« NWC 112 10 5.4 16 ~Tool 13.38 0/0 PO 04 a0 1.910d. 00 00 I.) 16 32 1.5 0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 S
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
54 L0 MN it« NWC 112 10 5.4 16 ~Tool 13.38 0/0 PO 04 a0 1.910d. 00 00 I.) 16 32 1.5 0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 S
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
54 L0 MN it« NWC 112 10 5.4 16 ~Tool 13.38 0/0 PO 04 a0 1.910d. 00 00 I.) 16 32 1.5 0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 S
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