s more beneficial for you to have an increased frequency than bi-weekly, we are happy to provide. (attached) 4. Simulation Documents - includes (i) IRR Analysis, (ii) Global Risk Allocation by Category, and (iii) Key Simulation Characteristics & Assumptions (link to download https://mvw.sugarsync.com/pf/D78

Spectrum Value • Industry standard valuation methodology (AKA "Greenfield Approach") • • Primary methodology used in the absence of "good" comps IRR Analysis • Google's review and endorsement of the financial projections narrows the discussion items • — We've sensitized the analysis for higher discount

Sem. ,et C ase • Industry standard valuation methodology (AKA "Greenfield Approach") • • Primary methodology used in the absence of "good" comps IRR Analysis • Google's review and endorsement of the financial projections narrows the discussion items — We've sensitized the analysis for higher discount ra