tntocell Executive ■ Merle Gilmore, Michael Seedman, Rod Randall ("Call Option") Partners (S2itre. nt of cash on balance sheet to fund lashes) Entry Valuation & Liquidity/ I el erage Entry Summary Financials (n December 2009A) • .17N('1 / PI 2009A Bond EBITDA: 2.8x EV-DO lemtucell Valuation (Bond) (Call Option)