M Total Equity: $447 mm Fund Bridge Financing()) $100 mm Total Debt: $550 mm • LPs co-invested $136mm (31% of equity) • Hubert de Pesquidoux, Bob Aquiline, Rod Randall, Michael Seedman, Ted Schell Entry Valuation & Liquid ityii el erage Transaction Structure Acquisition Financing Holding Company

M Total Equity: $447 mm Fund Bridge Financing()) $100 mm Total Debt: $550 mm • LPs co-invested $136mm (31% of equity) • Hubert de Pesquidoux, Bob Aquiline, Rod Randall, Michael Seedman, Ted Schell Entry Valuation & Liquid ityii el erage Transaction Structure Acquisition Financing Holding Company

uary 12, 2015 Total Equity tr Debt: • Total Equity: Total Debt: 5712mm S377mm $335mm • LPs co-invested $234nun (62% of equity) • Dan Moloney, Bob Aquiline, Rick Mace Entry Valuation & Liquidity/Leverage Acquisition Debt Transaction Structure Holding Company __I -.{ Digital River 2014A Bond Rev