1. M A X I M I Z I N G T H E VA L U E O F D I S R U P T I V E T E C H N O L O G Y
The IP Investment Bank
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 .

2. Disruptive Technology Focused, IP Strategy Enabled
We take an end-to-end approach to positioning, financing,
and monetizing disruptive technology companies.
Evaluate Disruptive Build Leadership Complete Support Post-
Technologies Position Transaction Transaction
Perform Rigorous Develop Effective Design Financing Proactively Connect
Screening Process Business Strategy Strategy Company & Investors
Conduct Expert Align IP Strategy Select Investors & Bolster Investor
Technical Diligence to Business Execute Transaction Communications
We start from the end and work backwards:
Can this be a $1 billion company? How can we help it get there?
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 . 2

3. Our End-to-End Process in Action
NASDAQ: CLIR
Evaluate Disruptive Build Leadership Complete Support Post-
Technologies Position Transaction Transaction
Found start-up with new Advised on patent / Honed communication of Continuing to introduce
combustion technology business strategy complex technology story to investors after IPO
Validated technology Arranged $3M early Conducted US / Europe Providing research
with industry experts stage private financing investor roadshow coverage to Wall Street
Determined suitability for Helped recruit board Executed successful IPO, Consulting on IR /
public venture banking and management raising $13.8MM PR matters
“MDB Capital had both the vision to understand our innovations and
the end-to-end process to help make that vision a reality.”
Rick Rutkowski, ClearSign Combustion CEO
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 . 3

4. Our Integrated Teams
We leverage cross-functional skill sets to support
our end-to-end process.
MDB Capital Group
Public Venture Banking IP Development Services Capital Markets
Pre-IPO Financings Invention Discovery Research
IPOs IP Strategy Design Equity Sales & Trading
Follow-On Financings Patent Filing Execution Post-Financing Marketing
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 . 4

5. Public Venture Banking IP Development Services Capital Markets
Public Venture Banking
We have taken six companies public through
our Public Venture Banking process.
Four of these have traded at market values
over $1 billion.
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 . 5

6. Public Venture Banking Key Investment Criteria
Public Venture Banking IP Development Services Capital Markets
Our mission is to position and finance
disruptive technology companies.
Large Market Potential Target markets provide > $1 billion opportunities
Unique Technology Can create a dominant IP strategy around the technology
Early Validation Industry thought leaders believe the technology is feasible
Visible Inflection Point Commercialization timeline is short and credible
Fair Valuation Provides good risk / reward for investors and company
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 . 6

7. Benefits of Our Public Venture Banking Approach
Public Venture Banking IP Development Services Capital Markets
We view an IPO as an opportunity to launch a company.
Traditional venture capital firms view an IPO
as a way of cashing out.
Traditional Venture Capital MDB Public Venture Banking
Adversarial: VCs aim to depress valuation Valuation Collaborative: Early public entry aligns
in future rounds, to maximize ownership % Process MDB with company to maximize valuation
Expensive: VCs control cap table in future Long-Term Fair: MDB raises follow-on funds based
rounds with anti-dilution rights Cost of Capital on public valuation
Narrow: VC boards often focused on one Board Broad: MDB finds diverse board /
industry, can miss platform opportunities Focus investors to identify new verticals
Limited: VCs are just beginning to under- Understanding Expansive: MDB has deep experience
stand impact of patent strategies of IP adding value with dominant IP strategies
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 . 7

8. Our Public Venture Banking Process
Public Venture Banking IP Development Services Capital Markets
A successful public financing is a process, not an event.
Strengthen Business Design Messaging Execute Financing
Recruit and form world-class Simply complex technology Finance with common stock
management team and board for high-quality value investors to attract long-term investors
Simplify capital structure and Set forth roadmap for intellec- Find institutions who believe in
eliminate debt tual property dominance company’s long term vision
Create path to industry Articulate plan to maximize Solicit marquee investors that
domination with IP strategy valuation during development can add validation
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 . 8

9. Public Venture Banking IP Development Services Capital Markets
IP Development Services
A dominant IP strategy can grow
a small company with disruptive technology
to a $1 billion enterprise value.
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 . 9

10. Dominant IP Strategies
Public Venture Banking IP Development Services Capital Markets
Our mission is to create dominant IP portfolios that compel
large companies to partner with or acquire our clients.
Foundational Consider IP strategy from the outset of business planning
Sizable Competitors can easily design around small portfolios
Rapidly Scalable Move quickly to strike while technology is truly disruptive
Never Ending Stay nimble by continuously capturing new innovations
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 . 10

11. Current Disjointed Patent Development Process
Public Venture Banking IP Development Services Capital Markets
Developing a dominant IP strategy requires cooperation
from market, engineering and patent experts.
Managers have market Inventors have engineer- IP counsel has patent
expertise, but may be ing expertise, but may be expertise, but is often a third
distracted by managing siloed off from the rest of party that does not understand
day-to-day operations the company business goals or engineering
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 . 11

12. The IPDS Difference
Public Venture Banking IP Development Services Capital Markets
We bring together diverse skillsets to develop dominant
IP strategies hand-in-hand with the business.
Our investment banking Our dedicated engineering PatentVest,® our proprietary
knowledge keeps business team enables rapid scaling patent database, provides
strategy at the forefront of large portfolios unique insights into IP
landscapes
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 . 12

13. Intellectual Property Development Services Process
Public Venture Banking IP Development Services Capital Markets
We understand that IP strategy must follow business strategy.
Discover Design Execute
Work with company & Develop IP strategy and Draft patent applications
experts to deeply understand innovation plan with with input from inventors,
business opportunity inventors & management management & attorneys
Develop fundamental Extract ew patents from Continuously fine tune
understanding of inventions that have not yet IP strategy to generate
technological differentiators been protected new inventions
Analyze IP landscape to Generate new potential Protect against commodiza-
discover areas in which inventions in lockstep with tion and copying by fast
company can be dominant IP strategy followers
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 . 13

14. MDB’s PatentVest ®
Public Venture Banking IP Development Services Capital Markets
MDB’s proprietary PatentVest® database enables
IPDS to offer exceptional value.
Measures, scores, and ranks US patents by company and portfolio
• Capable of identifying companies with hidden IP value
• Able to produce patent landscapes to identify areas where innovation ROI will be highest
Provides unique business intelligence
• Parses data on over 4,000 public and private companies
• Contains 4+ million US patent grants, and 2+ million US patent applications
Supported by MDB Capital Group’s operations in Managua, Nicaragua
• Over 20 highly qualified technical and legal support professionals
• Over 75,000 man-hours invested
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 . 14

15. Public Venture Banking IP Development Services Capital Markets
Capital Markets
Research Equity Sales & Trading Post Financing Marketing
We provide ongoing after-market
support for investors and companies
to enhance liquidity on the path to
achieving $1 billion valuations.
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 . 15

16. Key Activities: Research
Public Venture Banking IP Development Services Capital Markets
We keep the market updated on a company’s
progress against milestones.
Research Equity Sales & Trading Post Financing Marketing
• Disseminate information on less well-known disruptive technology companies
to broaden investor awareness of the opportunity
• Provide MDB perspective on how to best value disruptive technology companies
• Traditional metrics such as revenues and earnings do not fully capture the value
of a disruptive technology company
• Disruptive technology companies increase in value when they achieve major
milestones that reduce the risk of commercialization
• The key underlying asset of a disruptive technology company is intellectual property
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 . 16

17. Key Activities: Equity Sales & Trading
Public Venture Banking IP Development Services Capital Markets
We provide liquidity to an inherently
illiquid asset class.
Research Equity Sales & Trading Post Financing Marketing
• Build and maintain relationships with leading institutional investors
• Partner with research team to understand key business drivers of client companies,
and communicate material findings to investors
• Discover when investors are considering taking profits or building larger positions
in a client company’s stock
• Emphasize block transactions between large buyers and sellers to create liquidity
and avoid large swings in a stock’s market price
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 . 17

18. Key Activities: Post Financing Marketing
Public Venture Banking IP Development Services Capital Markets
We communicate a client company’s message early
and often, to keep it fresh in investor’s minds.
Research Equity Sales & Trading Post Financing Marketing
• Partner with leading IR/PR firms to deliver a company’s message and news
about its key milestone accomplishments
• Maintain active dialogue between companies and investors who participated
in the financing
• Utilize MDB’s client relationships, annual Bright Lights Conference, and non-deal
roadshows to help management teams reinforce existing investor relationships
and develop new ones
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 . 18

19. Summary
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 . 19

20. Key Takeaways
MDB understands how to maximize the value
of disruptive technology companies.
Evaluate Disruptive Build Leadership Complete Support Post-
Technologies Position Transaction Transaction
Discover companies Develop business and Partner with high- Provide post-financing
with truly innovative IP strategies to com- quality investors who support by providing
solutions to large mercialize and protect believe in the compa- the market with infor-
market problems those solutions ny’s long term vision mation and liquidity
“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
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 . 20

21. Appendix
MDB History
The MDB Team
Case Studies
Recent Transactions
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 . 21

22. MDB History
1997
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
1997/03
process that all reached $250MM in market value, with and two
reaching over $1B in market value
2004 Began development of PatentVest
2005/08
Launched two more public companies via our public venture process
one exceeded $3B in market value and one exceeded $2B
2008
Started development of integrated platform to launch micro cap
technology companies
2009
MDB discovers that companies with certain IP metrics significantly outperform
market averages leading to decision focus on disruptive technology
2010
2010 Firm transformed into “The IP Investment Bank” and launched 1st Annual
Bright Lights Conference to focus on companies with disruptive technology
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 . 22

23. MDB Team: Executive Management
Christopher Marlett
Chief Executive Officer & Co-Founder
Anthony DiGiandomenico
Head of Investment Banking & Co-Founder
Robert Clifford
Head of Capital Markets
Gary Schuman
Chief Financial Officer & Chief Compliance Officer
Daniel Nagy, CFA
Head of Fixed Income Research & Trading
Sarah Barney
General Counsel
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 . 23

24. MDB Team: Public Venture Banking
Anthony DiGiandomenico
Head of Investment Banking
Cary Hurwitz
Managing Director
Daniel Landry
Managing Director
Robert Levande
Sr. Managing Director
Jeff Sun
Managing Director
Amy Wang
Managing Director
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 . 24

25. MDB Team: IP Development Services
Erin-Michael Gill Adam Holiber
Chief Intellectual Property Officer Director of Business Development, IPDS
Jose Algaba Oscar Chow
Project Supervisor Project Supervisor
Alenka Bendana Ramon Eyzaguirre
Intellectual Property Analyst Intellectual Property Analyst
Jacqueline Bermudez Alejandro Marin
Intellectual Property Analyst Intellectual Property Analyst
Alejandro Borge Ivan Montero
Intellectual Property Analyst Intellectual Property Analyst
Marcos Cajina Yessica Morales
Intellectual Property Analyst Intellectual Property Analyst
Alejandro Delgadillo Javier Penalba
Intellectual Property Analyst Intellectual Property Analyst
Laura Espinoza Veralia Sanchez
Intellectual Property Analyst Intellectual Property Analyst
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 . 25

26. MDB Team: Capital Markets
Robert Clifford
Head of Capital Markets
George Brandon
Managing Director
Kevin Cotter
Managing Director
Todd Ressler
VP, Equity Sales & Trading
Michael Cullen
Equity Sales & Trading
Alex Zapanta
Equity Sales & Trading
Donald Montenegro
Roadshow Coordinator
Rodrigo Pallais
Roadshow Coordinator
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 . 26

27. MDB Team: Research
Ankur Desai
Director of Investment Research
David Byrne
Chief Software Architect – PatentVest
Scarlett Hooker
Research Associate
Ana Jimenez
Research Associate
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 . 27

28. Case Study: Medivation
NASDAQ: MDVN
Start up company with three employees that had licensed technology for
Challenge: the treatment of Alzheimer’s disease. Company unsuccessful in raising
material amount of capital to enter clinical trials.
• Repositioned company as a “virtual” pharmaceutical company
that creates value with promising compounds in a focused
“capital light” strategy.
MDB Delivered:
• Successfully crafted and communicated unique company strategy.
• Completed reverse merger with $14MM financing.
Market value increased from $10MM to over $400MM in less than 24
Results: months, and now has a market cap over $3.6B.
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 . 28

29. Case Study: VirnetX
NASDAQ: VHC
Commercialize and protect valuable patent portfolio to provide solutions
Challenge: for secure real-time communications such as instant messaging and voice
over internet protocol.
• Identified source of unique IP, established working relationship with
IP holder (SAIC) and negotiated IP licenses and assignments.
• Recruited CEO.
MDB Delivered: • Co-authored business plan.
• Co-founded private company.
• Arranged reverse merger into public company tied to $4.5MM
financing.
Market capitalization reached market value of over $200MM less than 24
Results: months from founding, and is now over $1.2B.
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 . 29

30. Case Study: UniPixel Displays, Inc.
NASDAQ: UNXL
Uni-Pixel, Inc. is a production stage company delivering superior perfor-
mance engineered films to the touch screen, flexible electronics, and light-
Challenge: ing and display markets. Company was pre-revenue with 2 months cash
and 3.1 million in convertible notes maturing in 2 months.
• Advised company on recapitalization and restructuring of company
equity and debt.
• Advised company on new strategy to focus on flexible touch screen
technology.
MDB Delivered: • Lifted company from OTC.BB to NASDAQ Capital Markets.
• Executed financing to raise $17.25MM including over allotment
• Actively covering with research reports and introducing to investors
post financing.
Results: Maintained stable market value during pre-revenue development phase
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 . 30

31. Case Study: Parametric Sound Corporation
NASDAQ: PAMT
Parametric Sound Corp. developing a unique directional sound technology
Challenge: but lacked IP and business strategy as reflected in market valuation.
• Advised company on recapitalization and uplisting from OTC to NAS-
DAQ listing.
• Advised company on new strategy to focus on an IP licensing strategy
in the multiple verticals in the audio industry.
MDB Delivered: • Served as intermediary between company and new executive chair to
negotiate employment terms.
• Executed financing to raise $9.24MM.
• Actively covering with research coverage and introducing to investors
post financing.
Results: Market valuation doubled less than 4 months after financing.
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 . 31

32. Case Study: ClearSign Combustion Corporation
NASDAQ: CLIR
Start up company with an inventor and two full-time employees that had
developed unique combustion technology. Company needed startup
Challenge: capital to recruit team, conduct R&D, and file additional patents, and posi-
tion company for successful IPO.
• Raised $3M in private funding at early stage of company.
• Advised company on patent and business strategy in the
combustion industry.
MDB Delivered: • Advised and helped recruit board member and CTO for company.
• Advised and organized due diligence call with panel of industry experts.
• Executed successful IPO raising $13.8MM.
Market valuation more than doubled within weeks of initial public
Results: offering; company was recently featured in Forbes.
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 . 32

33. Headquarters New York Managua
401 Wilshire Boulevard 1350 Avenue of the Americas Embajada de Mexico,
Suite 1020 2nd Floor una cuadra arriba,
Santa Monica, CA 90401 New York, NY 10019 a la esquina, casa #100
310.526.5000 310.526.5000 Managua, Nicaragua
310.526.5000
The IP Investment Bank
Member FINRA/SIPC
SS EE E II N G
E N G V A L U EE
V A L U OOT TH H E R S D D O N O T . T .
E R S O N O C R E A T IR N A T IVNAG L V AE L UOE T O T HRE SR S C C ANN N O T . .
C E G U H E A N O T 33