405 EL CAMINO REAL SUITE 361 MENLO PARK, CA 94025 For more than two decades, HighBar’s investing and operating teams have transformed technology companies

Since 1995, long-term value creation has been the cornerstone of HighBar’s investing principles, and we view ourselves as owner-operators given our roots as founders With frameworks refined through 140 years of combined technical, financial, and operational experience, we offer a proven approach and strive to unlock value in partnership with management teams and existing investors

A dedicated partner with a deep understanding of technology, proven ability to effect operational change, and unique relationships

An owner-operator philosophy that motivates our collaboration with teams, creating multiple paths to great outcomes

A deep bench of talented executives to enhance existing teams and help our portfolio companies build on their technological edge

Significant capital investment to fund a strategic transformation and long-term plan

A dedicated partner with a deep understanding of technology, proven ability to effect operational change, and unique relationships across Silicon Valley

CREATIVE AND FLEXIBLE INVESTOR NETWORK OF EXPERIENCED OPERATING EXECUTIVES HighBar believes that high quality people are the most important asset of a company With each round of financing, the overhang of investor capital can create misalignment between investors and employees This misalignment in the capital structure can be demotivating and often leads to imprudent short-term decisions

HighBar’s transactions are structured to realign investors and management teams We ensure that management is well incentivized to execute on targets defined in a revised strategic plan Through a transaction with HighBar, companies gain an active lead investor and access to an extensive network of operating advisors

Existing investors can rely on HighBar as an experienced and engaged investor with the resources to create a path to liquidity and unlock value We specialize in situations in which the investor syndicate is fatigued and potentially unable to invest enough new capital to transform the business This inability to invest may stem from investor complexities inherent to syndicate investing We work with investors to develop transaction structures that meet syndicate needs while fully capitalizing the business

HighBar helps service providers help the business clients that they represent We bring capital, engagement and execution from an investor with the resources needed to help achieve client goals

HighBar’s participation ensures that a company and its lenders have a strong partner that will promote fiscal discipline HighBar is mindful of a lender’s capital, particularly in situations that require an operationally intensive work-out In such instances, financial institutions with whom we have partnered in the past have achieved substantially improved returns