EFTA01374927

SRLP102 Alpha Group Capital Digital River: Results Post-Close Key Achievements Post-Close Feb. 20 Close Acquisition Call Subsidiary Sold • Canadian payments subsidiary, LML, sold to Bambora for $95 mm or 16x EBITDA • Repaid 28% of acquisition debt Non-core Subsidiary Sold • Email marketing subsidiary, Blue Hornet, sold to Marlin Equity Partners for $25 mm or 6x EBITDA • Repaid 6% of acquisition debt Cost Savings /EBITDA Growth • 2015A EBITDA increased to $51 mm up from 2014A EBITDA of $39 mm, excluding $15 mm from divestitures • $29 mm of run-rate cost savings achieved, ahead of plan Cost Savings/ EBITDA Growth • Excluding divestitures, 2016 EBITDA of $68 mm vs. $39 mm entry EBITDA • Cumulative $47 mm of run-rate cost savings initiatives achieved a. 2017 Call Subsidiary Sold • Swedish payments subsidiary, DRWP, sale to Worldline/Atos for $63 mm or 20x Contribution Profit • Repaid 19% of acquisition debt Follow-on Investment • $30 mm investment to fund amounts for technology platform investments, restructuring and provide for additional • Sims near-term liquidity cc.. - CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL Gross Unrealized Returns (Slum) Total Gross MOIC Fund + Co-Invest 1.2x Fund only: 1.2x $508 $508 1.Ox G R $366 $366 O S S 0.0x Feb-2015 Acquisition Unrealized Total M ($297) Value Value I C (S116) (It) Co-Investor Share it Fund Share ($407) Note: get um, include unor.dirxd vslosnon. The ado.] waltzed return of such unmanned unreaments may differ matenally from the return, inItcaed herein. Please sa -AppenSix-Fouinou,C for add atonal corenderaton,.nd defmetoon, Pam performance a nu. ntwitally Indiciive of haute re.ults 37 DB-SDNY-0069880 SDNY_GM_002 16064 EFTA01374927