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>. Thee 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 from Ile 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.1 in 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 pro