EFTA01378147

SRLP102 Alpha Group Capital Differentiated investment strategy: Investing in "Bonds" and "Call Options-2 • Siris' strategy is to Invest in technology companies in transition that have both a strong legacy business as well as robust next generation growth in:tie:Ives Legacy Otheoloth. (44.3G) Technology Transition SIRIS I nary Business - 'Bond" Chanctedstics: • Mission-cntical products and services • Leading market share; extremely sticky customer base • Predictable, consistent cash flows • Target potential for - 2.0x Gross MOIC through cash flows; focus on recouping investment within 24 months Business Examples: Fixed line, 2G / 3G, legacy mainframe software, fault tolerance servers Growth teclutolosie4 (e.s. 4G ) Next-Generation Growth Business - "Call Option" Characteristics: • Participation in disruptive "mega' technology trends • Significant potential upside • Typically unprofitable, nascent businesses at acquisition • Target potential for outsized returns through strategic sale or IPO Business Examples: 4G. cloud computing, mobile security, distributed software and applications iC Baud vs (`alt Oprif.i: • Evaluate: Assess "Call Option- growth business separately from "Bond" legacy business • Structure: Develop separate & distinct organizational structures and compensation plans for each "business" to support execution Execute: Optimize legacy business for cash flow and extend product life; strategically develop growth business Highly experienced team with deep operational and financial expertise& Differentiated capability to source, diligence, and add value to technology businesses in transition • Deep, experienced team comprised of 34 total employees and 11 experienced former operating executives ("Executive Partners") and senior advisors • Long tenure of Sins Founders - Frank Baker, Peter Berger, & Jeffrey Hendren who have worked together for over 18 years • Executive Partners deployed to help strategic and operational objectives Executive Partners & Senior Advisors Robert Aquiline at&t Former President of Consumer Division of AT&T Merle Gilmore Former EVP and Pres. of Communications, Motorola Ah; mesas Daniel Moloney c,th ogle Former President of Motorma Mobility John Sweinson Former President of Dell Software Hubert de Pesquidoux Former CFO of Alcatel Lucent ascatei.Lucent 6 Bethany Mayer (Senior Advisor) Former CEO of Ixia ixia Alfred Zoller 1274 Former GM of IBM Tivoli Software Michael Seedman useetwides Former VP and GM of U.S. Robotics I Rick Mace Ma Mantle Former COO of Bell LAtlantic Network (now Verizon) 1 Ted Schell Spam Former Senior VP of Strategy and Corp. Dev., Sprint Rod Randall Former Chief Marketing Officer of Lucent Denotes Executive Partners who have worked with the 3 Sins founders over 15 years CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00221492 DB-SDNY-0075308 EFTA01378147