EFTA01378176.pdf

SRLI5102 Alpha Group Capital Case Studies(1) The case stud lei Idle "CAW Studied') patented herein we foe illustrative purposes ordy and ere shown toprovide mienpks of the inv. of in made end the investment stratepin htsterically mpkenerued by Stri>. Th ee One Studies esehicle Comm. (tank and MNSodal sn Sem I. &Tiled Di(overy inSimII and Synchronow in Sim 01. Counts Bank as excluded seem the transaction it noncore to our ongoing steamy toward* acquiring complex technolegy tot1111•10•M MModal nail Wed given it It an older LIOS00000 rAusust 2008) where the Call Option Sped was acquired separately from tie rnwl uwwarnent. Apphed Dec.: ere nsncluded given the small invesunert um of 33 melbas Synchronous if excluded ark Invartmerd was m the toms of • mammy PIPE investment. Please see "Appendix-Fund Performance Odor for • canplete hat of Sins invostmems and the duds:mem at the beginning of that Presentation and "Appendrc • Footnotes' kw additional consocknattors and &footmen relevant to mformation presented in dm Sedans It arraull not be assumed that eatments made by any future Sins fund will be cempareble in type, quality or performancetothe invenmentsdeecnbed herein. Sow funds tote (monist in the future may pursue and consummate d ifkrent types of timssaments than thole deu-nb.1in these Caw Studies. Unless otherwise seated the Case Studies reflect Sim' internal protections rewsr,:h and .main other estimates on of the Closing Mae and have rid been upped subsequently, are not Mended to proud< an update of company performarce, and at the me made were, and Amain today, sutra to a number of continswwws which are generally not discussed. Sins believesthis Somata:in a helpful in iliustrating the manner in which Sow Andra investment. where the Bond. which my represent the Potential portion of the company's revenues at itommunn a declining or expected to decline. Inclusionof prorections does not indicate that the company remains on the protected path. In considenns ',nor performance information contaawd harem prospective IIIVOMOTII should hear in mind that paw performance at not end kat M14, of future results. In addition, there can be no ansurence that the mvestments dewnbed herein with en unnamed value roll be realized t the values shown or match trmse protection. Invest:nerds described herein a "realized" may include partially realised rewourriertis whecesnla mkt* suNgsniml holdims or that are whims to Meow remainirg escrow or other holdback anoints EtilTDA a Adjumed E8111M which esetudesiteera such a norerecurring rennacturing mous option% etc. and may also reflect additional pro forma astpattmems wr disclosed. SIRIs 13 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0075337 CONFIDENTIAL SDNY_GM_00221521 EFTA01378176