EFTA00307193.txt

"Mr. Michael Tamaru Chief Financial Officer AliphCom"

"August 3, 2011 Mr. Michael Tamaru... Dear Mr. Tamaru: We have completed our analysis"

"WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT"

"cash proceeds from the most recent Series 5 round of financing (of approximately 539.5 million from IP Morgan Private Equity)"

"In June 2011, Aliph secured its latest round of Series 5 preferred financing with JP Morgan Digital Growth Fund, LP."

"Its primary investors at the Valuation Date included JP Morgan Digital Growth Fund, LP; Sequoia Capital; the Mayfield Fund; Khosla Ventures; Andreesse"

"Its primary investors at the Valuation Date included JP Morgan Digital Growth Fund, LP; Sequoia Capital; the Mayfield Fund; Khosla Ventures; Andreesse"

"Its primary investors at the Valuation Date included JP Morgan Digital Growth Fund, LP; Sequoia Capital; the Mayfield Fund; Khosla Ventures; Andreesse"

"Its primary investors at the Valuation Date included JP Morgan Digital Growth Fund, LP; Sequoia Capital; the Mayfield Fund; Khosla Ventures; Andreesse"

"Its primary investors at the Valuation Date included JP Morgan Digital Growth Fund, LP; Sequoia Capital; the Mayfield Fund; Khosla Ventures; Andreesse"

"headquartered in San Francisco, California, Aliph originated"

"According to the Company's Amended and Restated Articles of Incorporation dated June 8, 2011"

"Petra Loer is a member of the Valuation Services Group at WTAS."

"ALIPHCOM — COMMON EQUITY VALUATION REPORT"

"CONFIDENTIAL I WTAS LLC ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011"

"ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011 CONFIDENTIAL I WTAS LLC"

"CONFIDENTIAL I WTAS LLC... ALIPMCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011"

"a blended federal and state lax rate for a company operating in California"

"CONFIDENTIAL I WTAS LLC ALIPNCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011"

"CONFIDENTIAL I WTAS LLC... ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June 20, 2011"

"In arriving at a Company-specific adjustment for lack of marketability, we used the data from the Silber... restricted stock studies"

"we used the data from the... Management Planning... restricted stock studies"

"we used the data from the... FMV restricted stock studies"

"Petra Loer, CFA, ASA WTAS Tax ID Number: 26-1437743"

"Contributing Appraiser: Shirley Zhang"

"she serves on the Advisory Board of World Bridges"

"identify potential guideline companies to which to compare the Company... Motorola Solutions, Inc."

"identify potential guideline companies to which to compare the Company... Motorola Mobility Holdings, Inc."

"identify potential guideline companies to which to compare the Company... Koss Corp."

"identify potential guideline companies to which to compare the Company... Nokia Corporation"

"identify potential guideline companies to which to compare the Company... GN Store Nord A/S"

"identify potential guideline companies to which to compare the Company... Plantronics, Inc."

"identify potential guideline companies to which to compare the Company... Research In Motion Limited"

"identify potential guideline companies to which to compare the Company... Netgear Inc."

"identify potential guideline companies to which to compare the Company... Logitech International SA"

"WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT"

"Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program."

"Petra teaches national valuation training for WTAS and contributes to the firm's publications"

"WTAS LLC [is providing the] ALIPHCOM — COMMON EQUITY VALUATION REPORT"

"the cash proceeds from the most recent Series 5 round of financing (of approximately $40 million), which closed recent to the Valuation Date"

"ALIPHCOM — COMMON EQUITY VALUATION REPORT... CONFIDENTIAL I WTAS LLC"

"Discount rate... Bloomberg, Capital IQ, and Morningstar Valuation Yearbook"

"Public Company Market Multiple Method... Bloomberg and Capital IQ"

"CONFIDENTIAL I WTAS LLC ... ALIPHCOM — COMMON EQUITY VALUATION"

"Todd Hardiman, Associate Chief Accountant [at the SEC]"

"As of July 1, 2010, Palm, Inc. was acquired by Hewlett-Packard Company."

"valuation multiples are calculated based on operating data from publicly traded guideline companies... the selected guideline companies perform a broa"

"valuation multiples are calculated based on operating data from publicly traded guideline companies... the selected guideline companies perform a broa"

"valuation multiples are calculated based on operating data from publicly traded guideline companies... the selected guideline companies perform a broa"

"valuation multiples are calculated based on operating data from publicly traded guideline companies... the selected guideline companies perform a broa"