EFTA01374911.pdf

SRLI5102 Alpha Group Capital Case Studies(1) The case stud lei Idle 'CAW Studied') preened herein we foe illustrative purposes ordy and ere shown toprovide mienpks of the inv. of invonnweds made end the investment dratepin htsterwally mpkenerued by Stri>. Th ee One Studies esehicle Comm. (tank and MNSodal sn Sem I. Applied Di(overy inSimII and Synchrootasinn Sim 01. Counts Bank as excluded seem the transaction it noncore to our ongoing steamy toward* acquiring complex technolegy tot1111•10•M MModal nowluded given it is an older LIOS00000 rAusust 2008) where the Call OptIOIN Sped was acquired separately fromIle rnwl uwwarnerd. Apphed Dino:mere nsncluded given the small invesunert um of 33 melbas Synchronous if excluded ark Invartmerd was m the toms of • minority PIPE investment. Please see "Appendix-Fund Performance Odor for • <amide hat of Sins me ems and the diadasmers at the beginning of that Presentation and "Appendrc • Footnotes' kw additional consideratiors and definitions relevant to mformation presented in dm Sedans It shaull not be assumed that min-tents made by any future Sins fund will be cemparoble in type, quality or performancetothe inveitmentsdeecnbed herein. Sow fund, tote (monist in the future may pursue and consummate d ifkrent types of ',manners* than thole deu-nb.1in these Caw Studies Unless otherwise stated 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 time made were, and Amain today, sutra er a number of coati:is...ivies which are generally not discussed. Sins believesthis wifomiatiort a helpful in iliustrating the manner in which Sow eimilyate inveutmerda where the Bond. which mm• represent the Newsier portion of the company's revenues at immisitinn a declining or expected to decline. Inclusionof prorections does not indicate that the company remains on the protected path. In conaidennsprtor 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 described herein with en unnamed value roll be realized t the values shown or match ilmse protections Invest:nerds described herein a "realized" may include pen ially Matted rawasuriertis wheresnla mkt* suNgsniml holdings or that are whims to Meow remainirg escrow or other holdback amounts EtilTDA a Adjumed E8111M which esetudeotteero such a norerecurring regructuring soh,optima etc. and may also reflect additional pro for astpatimems Nsdisclosed. SIRIs 13 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0069856 CONFIDENTIAL SDNY_GM_00216040 EFTA01374911