ested capital thereafter Carried interest 20% Hurdle rate: 8% Skis commitment: At least the lesser of 2% of total commitments and $60mn Sins I - Core*" (2007)- $500mn vehicle Fund Sins I Co- !v.:051 Siris I Only Invested Gross ($mn) IRR $254 62.2% $150 49.9% Gross MOIC 3.1x 2.9x inti

ested capital thereafter Carried interest 20% Hurdle rate: 8% Skis commitment: At least the lesser of 2% of total commitments and $60mn Sins I - Core*" (2007)- $500mn vehicle Fund Sins I Co- !v.:051 Siris I Only Invested Gross ($mn) IRR $254 62.2% $150 49.9% Gross MOIC 3.1x 2.9x inti

ested capital thereafter Carried interest 20% Hurdle rate: 8% Skis commitment: At least the lesser of 2% of total commitments and $60mn Sins I - Core*" (2007)- $500mn vehicle Fund Sins I Co- !west Siris I Only Invested Gross ($mn) IRR $254 62.2% $150 49.9% Gross MOIC 3.1x 2.9x intiun

ested capital thereafter Carried interest 20% Hurdle rate: 8% Skis commitment: At least the lesser of 2% of total commitments and $60mn Sins I - Core*" (2007)- $500mn vehicle Fund Sins I Co- !v.:051 Siris I Only Invested Gross ($mn) IRR $254 62.2% $150 49.9% Gross MOIC 3.1x 2.9x inti