SRLP102 Alpha Group Capital Footnotes to Historical Investment Performance Slides (cont.) The next three notes pertain to Skis I Investments. These Investments (and therefore the related performance information Including IRRs and MOICs) made by the Principals were subject to the ultimate veto right of SAC and therefore may not accurately reflect what the individual performance of the Principals would otherwise have been. 'c For Airvana, the Realized Value reflects amounts from (i) dividend recapitalizations completed in August 2010 and April 2011. (ii) sale of the EVDO division to Ericsson in September 2013. (iil) tax distributions related to the Femtocell division, and (Iv) the tax deduction associated with contributing Femtocell equity to various charitable institutions on behalf of the investors in connection with the EVDO division sale. In connection with the subsequent Fenitocell division sale to CommScope in September 2015, $2.5 minion was withheld in an escrow for 24 months in the event CommScope claims certain breaches of representations and warranties. The escrow funds win also serve as an expense reserve to ultimately dissolve the various holding entities created for the investment. Due to the structure of the investment, Total Value for Sins I + Co-invest and Siris I includes approximately $3 million and $10 million of fees. respectively, received by Siris led co-investors or their affiliates and Siris I although there was no corresponding fee offset received directly. •:: The sale of MModal, f.k.a. Medquist, to One Equity Partners closed during July 2012. Due to the structure of the investment, Total Value for Siris I • Co-invest and Siris I includes approximately $15 million and $12 million of fees, respectively, received by Skis I and Sins led co-investors although there is no corresponding fee offset received directly. Cosmos is excluded from the Siris I (Core) returns as it is non-core to Skis ongoing investment strategy towards acquiri