SRLP1 02 Alpha Group Capital Siris' Sourcing Approach Institutionalized disciplined approach to sourcing investments. Investment Process All••••• We study the effect of technology disruptions on industry sectors that address mission-critical requirements for their customers Working together, our Executive Partners and Business Development team develop "whitepapers' to formulate a thesis and identify specific target opportunities; —20 written to date Potential targets are ranked by the attractiveness of their Bond/Call characteristics Leveraging Sins' collective network of relationships, we initiate an outreach effort to meet with the targets and detail the benefits of working with us Key Statistics I I i u re inveAtnents Only 2 traditional auctions Polar A taketriva les -S.Ex average acquisition multiple` - A transaction can take 12 to 36 months to consummate given the complicated nature of our targets' situation Representative White Paper Topics Enterprise Communication Video 2.0 Wireless 1 Transition 2G, 3G, 4C, SC Industrial IOT Annual Pipeline rate Into' Potential Target I txlinulogy Universe I pical a of opportunities reviewed (^1.00.1"ra ssZ lats.* A(Ilienoiet Due I )iiigent 8-10) Iran (lions" Note: Represents deal activity for buyout funds only. Notet Skid strategiesand taigas depend on • variety of firtont, including the pnevalling marts environment and invitee:mint availability and opporturdy, and there can keno...irate that the conditions upon which such gear and targets are bawd will materialize. The stove is few illusuativi damnation* and is intended to show how Sim analyse. technoloff inveatinerac It does not mama% any pant:mksSins imminent (II Includes public tech and telecom companies m the t6. Canada. UK tad France vnth TEV parameters of S200inm to $2.5bn Aho amnia S% Imamatetoadmit for In' size parameter) of pr eviletech aid telecom US end Canadian companies. Seems Caps Sun estimate.. (2) Paved on simple armed TEV/ Bond lleiwy division/only EIVIVA multiplex at vary for Airvaki. Meier, Stratus, and Digital Karr (vat of which a the towel the antral. armonitton, had Call Option's) (venture d ivisaml that were germanise negative ERITDA) and TEV Total affDA at entry for Intralinks. Polyrern, klaventr. PCi. Pulte.TNIS and hINkdal teach of winch a the timed the applicable acqunition, bad Call (trancelike( were generating positive EIMIDA). Canso. Bank at excluded given the traniaction is non-com to mu ongoing straw towards amusing complex technology busanamm. Applied Oncovery Ie excluded given the mull SS. amid S3 Indian% Synchronosa si excluded as the investmete wax in the (nand • nunonty PIPE immanent. Earl DA. are proformato include, where applicable. !worried cod saliva end realised a entry. ad dieted to exclude tome such as noreraurnrig St RicrunnS coats, °plank etc. Total Enterpme Value (TEV)axiudee transactionevents ad Mancesheet rah tut dace not exclude rash earmarked to fund anticipakd Call Option Imam rumba, maul+, are enplaned in more dad In the 4cible caw Muth., included herein Pk., see •AppendIx-Fund Paformage Detar (or • oompleta hat of SOW invegmente. Please em "Appendix- Footnote's.' (or addnand coreldwatiom and deRnelona lit Dos not Include add ow. 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0069848 SDNY_GM_00218032 EFTA01374906