EFTA Document EFTA01378193

SRI9102 Alpha Group Capital Mavenir Business Segment Overview (pro forma for Mite] Mobile & Ranzure) (Sin millions, TYE January) n o Legacy Business / "Bond" so Next-Gen. Business / "Call Option" `segment Sub-Segment Primary Business Model FY'16E Product Bookings EY'16E Total Bookings Variable Margin • SIRIS Exclatos Bonaire and EntorTrott knonto• Vat oranterance ollocatod to toGan• loran% Mod Molt& mootenaren and roi• reristet at-tooted proots • 1-etween &gory and =Ea Messaging Enables mobile network operators ("MNOs") to provide and manage traditional, visual and virtualized voicemall services Text MIIIMF11111111 Enabk, and manages MNO SMS / MMS text messaging. RCS text messaging and interoperability among MNO SMS / MMS and RCS systems Voice and Video Enables VOLTS VoWiFi and video onferencing for 4G LTE networks that seamlessly integrate with 2O / 3G networks Security Prevents SNI5 .1 NIMS sparn * fraud and the exploitation of grey routes in MNO networks; provides S57 Firewall defense Next-Gen Business Access and Core Provides the foundational elements of 4G LTE networks EPC, DR. RAN etc. that supports Yoke, video, messaging and data services $46 Perpetual software licenses and maintenance contracts $76 Value Added Services Monetization Enables and manages MNO collect SMS / MS text messaging (similar to collect calling) for pre-paid subscribers along with additional VAS leveraging infrastruc lure installed base OTT Integration Infrastructure Fxlsihoned to facilitate any Over-the-Top corn application on any network to any device RevenueShare Enterprise Application- to-person ("A2r)5M5 serywr that enables enterprises to 5,+V Urely communicate with customers PrIAV Per Message $53 $9 $42 $16 $28 $368 $16 $28 5298 513 $7 Underwriting Cast' 2016F Bookings 2021E Booking CACR in I A "lacy Business / "Bond" 111 $197 $195 (0%) 'tit tti \.m.,, to, NI At-Gen. Business / "Call Optionnot $187 $434 19% net gr. to. iny, and rt. of 'on t•totroot, 30 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0075354 SDNY GM_00221538 EFTA01378193