Subject: Updated PPM
From: "John DeLoche" <[email-masked]>
To: "Devon Archer" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "Neil Callahan" <[email-masked]>, "Rob Walker" <[email-masked]>, "William Lee" <[email-masked]>
Cc: "John DeLoche" <[email-masked]>
Date: Tue, 30 Apr 2013 05:41:31 -0700

Gentlemen (and Neil),

Attached is the updated PPM which updates the track record for March 31,
2013 and treats it as we have treated it in the annual meeting slides,
adjusts the introduction for consistency and adds Will as a Venture
partner. Please let me know your comments. This will be part of the package
we will send out (along with our deck and sub docs) to prospective first
closing investors.

The text of the track record section prior to the graph reads as follows:

The Investment Team has a successful investment track record in
growth-stage technology companies and has worked together as a team since
2010 investing through special purpose investment vehicles as Rosemont
Seneca Technology Partners. The team has also worked together since 2010
investing the firm’s predecessor $100 million private equity co-investment
fund, Rosemont Solebury Capital Management (”RSCI”), a 2007 vintage fund.
Both funds are outperforming the top quartile of venture capital and
private equity, respectively, as measured by Cambridge Associates for their
respective vintage years. As of March 31, 2013, RSTP’s realized and
unrealized investments are conservatively marked at 1.78x invested capital
and a net IRR of 205%. RSCI’s investments are conservatively marked at
1.46x invested capital and a net IRR of 15%. Both the cash on cash returns
and IRRs are net of management fees and carried interest.

Best,

John

John DeLoche
*Managing Director*
Rosemont Seneca Technology Partners
One Market, Spear Tower, 36th Floor
San Francisco, CA 94105
office: 415 293 8147
mobile: 415 793 7070

This email communication is privileged and confidential and is intended
only for the individuals or entities named above. Any unauthorized
dissemination of any of the contents of this email is strictly prohibited.
If you are not the intended recipient, please do not read, copy, use or
disclose to others the contents of this communication. Please notify the
sender that you have received this e-mail in error and then delete the
e-mail