S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

I N V E S T I N G I N P U B L I C V E N T U R E C A P I TA L

A n U n d i s c o v e r e d A s s e t C l a s s

The IP Investment Bank

2S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

A Unique Asset Class

Digital Camera

Smartphone

E-Commerce

Feb 2012: Announced it will no longer make cameras

Nov 2012: Announced it intended to discontinue wireline service

Sep 2011: Closed final brick & mortar locations

Disruptive technologies are powerful forces that unseat entrenched incumbents.

Disruptive Technology Disrupted Incumbent

3S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Key Investment Criteria

Target markets provide > $1 billion opportunities

Can create a dominant IP strategy around the technology

Industry thought leaders believe the technology is feasible

Commercialization timeline is short and credible

Provides good risk / reward for investors and company

We rigorously screen disruptive technologies to determine which ones will make the best investments.

We have launched six companies into the public markets. Four of these have traded at market values over $1 billion.

Large Market Potential

Unique Technology

Early Validation

Visible Inflection Point

Fair Valuation

4S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Our End-To-End Process

We start from the end and work backwards: Can this be a $1 billion company? How can we help it get there?

Perform Rigorous Screening Process

Conduct Expert Technical Diligence

Develop Effective Business Strategy

Align IP Strategy to Business

Design Financing Strategy

Select Investors & Execute Transaction

Proactively Connect Company & Investors

Bolster InvestorCommunications

We transform disruptive technology ideasinto strong public businesses.

Evaluate Disruptive Technologies

Build Leadership Position

Launch Companyinto Public Markets

Support Post-Transaction

5S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Benefits of Our Approach for Our Client Companies

Our approach has unique benefits that enable our companies to succeed.

MDB Public Venture Banking Traditional Venture Capital (VC)

Deep: IP Development Services (IPDS) teamprovides expert patent portfolio strategy

Broad: Positions platform technologies to dominate multiple vertical markets

Fair: Takes companies public early to align all parties with goal of maximizing valuation

Limited: Just beginning to understand nuances and impact of patent strategies

Narrow: Pushes companies to productize and choose target markets early

Expensive: Controls cap table with anti-dilution rights in follow-on rounds

Controlling: Installs own board members to move company in a specific direction

Collaborative: Finds leadership best suited to maximize technology value

StrategicFocus

Long-TermCost of Capital

Board / Management

Understanding of IP

6S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

MDB Public Venture Banking Traditional Venture Capital (VC)

High: Direct public company ownership; enables position building and profit taking

Complete: Investors can choose (and even source) deals based on their expertise

Diverse: “Community of Experts” brings deep technical knowledge to bear

Low: Investor money locked up for several years; hard to mitigate risk

Limited: Investors cannot exercise own judgment on which deals to choose

Narrow: Vertical-specific and do not look outside their comfort zone

Near Zero: Without strong IP, portfolio companies have low asset value

Supported: IPDS creates strategic IP portfolios for future licensing and/or sale

Autonomy

Expertise

FloorValuation

Liquidity

Benefits of Our Approach for Our Investors

We enable investors to manage disruptive technology investments like the other asset classes in their portfolios.

7S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

The VC Valuation Paradigm

Mass media hype begins

Negative press begins

Second/third rounds of venture capital funding

InnovationTrigger

Time >

Exp

ecta

tio

ns >

Peak Of InflatedExpectations

Trough OfDisillusionment

Slope OfEnlightenment

Plateau OfProductivity

High-growth adoption phase starts

Startup companies, first round of venture capital funding

Source: Gartner

8S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

U.S. Venture Capital Returns

Apart from the dot-com bubble years, the VC industry has not generated alpha.

Average return of 13.2%, below public

equity indices

Average return of 60.3% during dot-com bubble

Average return of 7%, with many

vintages in the red

Source: Cambridge Associates

9S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Our Valuation Paradigm

BridgeFinancing

IPO

$10M

$25M

$50M

$100M

Validation(Inflection

Point)

Private Financing Phase

Private Markets

Pre-Validation Volatility Phase (Valley of Doubt)

Time >

Valu

atio

n >

Validation Phase

Public Markets

10S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Case Study: Uni-Pixel (NASDAQ: UNXL)

Uni-Pixel announced it made a deal with a major computer manufacturer for its disruptive touchscreen technology.

Uni-Pixel’s entry into the validation phase of its lifecycle has sent the stock up over 400%.

Source: Yahoo

Valley of Doubt

Validation

11S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Our “Community of Experts”

Experts ask tough, insightful questions in diligence process

For right opportunity, experts may join management or board

Experts provide validation by putting own capital on the line

Expert conference calls help maintain investor enthusiasm

A community of entrepreneurs, scientists, and other technical experts supports our process.

Evaluate Disruptive Technologies

Build Leadership Position

Complete Transaction

Support Post-Transaction

life sciences software cleantech

12S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Benefits of Joining Our Community of Experts

Our network provides our expertswith meaningful opportunities.

Early access to deal flow

Management & board opportunities

Networking Events

PatentVest

Qualified experts have access to all of our deals, including our private deals (which are typically done at lower valuations).

Our companies need leaders, and our expert network is a key pipeline to find those leaders.

Our exclusive “Bright Lights” conference connects forward-thinking investors, entrepreneurs and thought leaders

Access to proprietary IP research from our custom-built business intelligence patent database

13S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Our Post-Offering Support

Our Capital Markets team enhances liquidity on the path to $1 billion valuations.

Investor Communications

Equity Sales & Trading

Post Financing Marketing

With PatentVest, provide patent insights unavailable anywhere else; contextualize milestones for investors.

Act as a liaison between current and potential investors to maximize liquidity and minimize swings in stock price.

Partner with leading IR/PR firms to keep a client company’s message fresh in investors’ minds.

14S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Key Takeaways

Discover companies

with truly innovative

solutions to large

market problems

Develop business and

IP strategies to com-

mercialize and protect

those solutions

Partner with high-

quality investors who

believe in the compa-

ny’s long term vision

Provide post-financing

support by providing

the market with infor-

mation and liquidity

We understand how to maximize the value of disruptive technology companies.

“It takes a team… of insightful, experienced, and daring investment pros to come up with not just stock winners but great super-stock achievers… MDB has taken a number of

companies from conception valued at almost zero to a market value of $1 billion or more” Forbes Magazine

“An Inside Look Into Spotting and Nurturing Potentially Super Stock Achievers” July 20, 2012

Evaluate Disruptive Technologies

Build Leadership Position

Complete Transaction

Support Post-Transaction

15S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Appendix

MDB HistoryThe MDB Team

16S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

19971997/032004 2005/08200820092010

MDB History

Founded 1997 by Christopher Marlett and Anthony DiGiandomenico (5 total employees), focused on public venture

Launched three technologies into the public markets via our public venture process that all reached $250MM in market value, with two reaching over $1B in market value

Began development of PatentVest

Launched two more public companies via our public venture process, one exceeded $3B in market value and one exceeded $2B

Started development of integrated platform to launch micro cap technology companies

MDB discovers that companies with certain IP metrics significantly outperform market averages leading to decision to focus on disruptive technology

2010 Firm transformed into “The IP Investment Bank” and launched 1st Annual Bright Lights Conference to focus on companies with disruptive technology

17S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

MDB Team: Executive Management

Christopher MarlettChief Executive Officer & Co-Founder

Anthony DiGiandomenicoCo-Founder

Gary SchumanChief Financial Officer & Chief Compliance Officer

Daniel Nagy, CFAManaging Director - Fixed Income

Sarah BarneyGeneral Counsel

18S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

MDB Team: Public Venture Banking

Anthony DiGiandomenicoHead of Investment Banking

Cameron Gray, Ph.D. Managing Director

Robert LevandeSr. Managing Director

Jeff SunManaging Director

Amy Wang, Ph.D.Managing Director

Paul BundschuhManaging Director

Carlos Herrera, Ph.D. Senior Investment Banking Analyst

Edgardo Rayo, CFASenior Investment Banking Analyst

Ivonne BordasSenior Investment Banking Analyst

19S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

MDB Team: IP Development Services

Michael B. ChernoffChief Intellectual Property Officer

Jose AlgabaProject Supervisor

John Wootress Director of IP Development

Oscar ChowProject Supervisor

Raul TrujanoPatent Administrator

Apolinar Picado, Ph.DProject Supervisor

Alenka BendanaIntellectual Property Analyst Enrique BlandonIntellectual Property Analyst

Alejandro BorgeIntellectual Property Analyst Marco A. Cajina, PEIntellectual Property Analyst

Manuel CastroIntellectual Property Analyst

Guillermo EstradaIntellectual Property Analyst

Ramon EyzaguirreIntellectual Property Analyst

Milton GomezIntellectual Property Analyst Horacio LovoIntellectual Property Analyst Karen PerezIntellectual Property Analyst

Maria Alejandra RamosIntellectual Property Analyst Domingo SandovalIntellectual Property Analyst Giovanni SacasaPatent Proof Reader Juan Carlos SozaIntellectual Property Analyst

20S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

MDB Team: Capital Markets

George BrandonManaging Director

Kevin CotterManaging Director

Michael CullenEquity Sales & Trading

Alex ZapantaEquity Sales & Trading

Rodrigo PallaisRoadshow Coordinator

Scarlett HookerCompliance Associate

21S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .

Headquarters - Dallas

2425 Cedar Springs Road

Dallas, Texas 75201

310.526.5000

Santa Monica

401 Wilshire Boulevard

Suite 1020

Santa Monica, CA 90401

310.526.5000

New York

1350 Avenue of the Americas

2nd Floor

New York, NY 10019

310.526.5000

Managua

Embajada de Mexico,

una cuadra arriba,

a la esquina, casa #100

Managua, Nicaragua

310.526.5000

The IP Investment Bank

Member FINRA/SIPC

S E E I N G V A L U E O T H E R S D O N O T . C R E A T I N G V A L U E O T H E R S C A N N O T .