ICAP Patent Brokerage Overview John Pryor Managing Director, Europe Autumn 2012

1. ICAP Patent Brokerage OverviewJohn PryorManaging Director, EuropeAutumn 2012

2. ICAP Patent Brokerage is the World’s Premiere IP Brokerage ICAP Patent Brokerage matches IP buyers and sellers in the USA, Asia and Europe using several market mechanisms including: Auctions Private Sales Other innovative approaches such as Covenant Not To Sue and Strategic Patent Buying ICAP Patent Brokerage is part of ICAP Plc, the world’s premiere interdealer broker and provider of post trade services ICAP Plc’s shares are listed on the London Stock Exchange

3. Why sell patents? To Achieve Non Dilutive Funding Raise Necessary Capital Without: • Losing any Equity Ownership • Taking on Unwanted Partners • Losing the Right to Exploit The Invention

4. Buyers: The rise of the financial buyer / NPE

5. Buyers: The rise of Nations in patent buying: EU, France, Korea, Taiwan, China Why? To protect industry and reduce net outflows of patent royaltiesPatent royalty flows between nations (Source World Bank)

6. Buyers: Recent Strategic Corporate and Investor Sales:

7. Global coverage Especially Europe, Asia and US Excellent relationships with key buyers Corporate, Financial and Country Ability to source good patent inventory Individual inventors to multinationals The ability to close deals quickly And develop a competitive context amongst buying parties Experience and track record of success Experienced Professionals Innovation in developing new market mechanisms Successful Patent BrokerageRequires:-

8. 17 Consecutive Live IP Auctions ICAP’s Live IP Auction is the only open and public marketplace facilitating the sale and acquisition of IP assets Auction Platforms • Public • Private • Open outcry • Sealed bid The Live IP Auction platform transforms interest into closed deals

9. 7 Years of Private Brokerage Relationships with the major buyers in every jurisdiction and sector Our Private Brokerage process utilizes hands-on, active brokerage combined with standard processes and focused IP analyses to execute successful transactions

10. Covenant Not to Sue (CNS) • The CNS provides quick and easy means for portfolio holders to generate returns and fund operations without the cost and risks of a larger licensing campaign • Covenants Not to Sue had previously been only offered to settle litigation • ICAP developed a mechanism for CNS to be employed as a portfolio management tool for the worldwide marketplace of potential buyers • The product works with potential buyers that are either pre-litigation or currently in litigation with a seller

11. Standard Terms Private Brokerage • 9 to12 month term • Non-Refundable Advance Required Against Future Commission Payable Auction • 9 to12 month term • Fees payable only upon a successful sale; provided, • Non-refundable advances against future commissions can be required depending on pricing

12. ICAP Process Timeline • Agreement and intake • Documentation collection and review • Initial diligence and recommendation • Marketing plan • Market analysis • Claims analysis • Financial analysis • Marketing package • In market • Sale or Live Auction Week 0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6

13. In SummaryICAP Patent Brokerage Reputation as neutral brokers: not consultants, bankers or a tech transfer office Extensive deal experience and proven track record of success A seven - year track record of success Proven methodology for marketing high value portfolios Creating buyer friendly brokerage platforms Relationships with the major buyers in every jurisdiction and sector Advisory to help the market clear transactions Standardized back office documents and processing for efficient deal conclusion Decades of IP experience amongst the brokers and back office

14. John Pryor +44 7587 885 131 john.pryor@icap.com Upcoming Auction ICAP Patent Brokerage’s Autumn 2012 Live IP Auction November 29, 2012 San Francisco Visit www.icappatentbrokerage.com to register or submit IP for consideration