4if SIGNAL DATA Dear Investors, 500 NRI LLC 500 Boylston St Ste 440 Boston, MA 02116 tel We are writing to update you on your investment in 500 NRI, LP, a partnership created to invest in Signal Data, Corp. (formerly known as Nexus Research Intelligence). Included in this package is your 2014 K1 which should be forwarded to your tax accountant. A few months ago, we wrote to you to confirm that the company had shut down its daily operations and that it entered into a process called an Assignment for the Benefit of Creditors (ABC). All assets were assigned to the Secured Creditors, which includes our partnership. Subsequently we, acting as the agent of the secured creditor group, continued our search to find a buyer of those assets and are pleased to announce that a deal has closed with a California-based software company. The company, whose name we cannot disclose at this time due to confidentiality reasons, has created a platform offering a number of different analytical tools to equity analysts. They believe the Signal product will fit in well with their offerings. The agreement involves a five-year earn-out based on the success of the Signal Product on their platform after the acquiror invests up to $1.25M to restart and further advance the product. We are optimistic about the opportunity for a strong partner to go to market with the product and the opportunity to recover our investment or more. It will require some patience but we are encouraged by the enthusiasm of the acquirer around the synergies between their offerings and the Signal product. Included in this package is your K-1 for 2014. As you may recall, the partnership initially made two equity investments and then more recently made a series of small Secured Debt investments. The awarding of the assets to the Secured Creditors effectively ruled that the equity in the company is worthless and therefore you will see that the capital balance has been written down significantly to re