A VIEWPOINT ON PATENT TRANSACTIONS November 7, 2014 Linda Biel, Senior Vice President, Business Development Allied Security Trust 2014 Could Surpass 2011 in Transacted Assets © Allied Security Trust 2014 – No copying or distribution without express written permission AST reassignment analysis, Data as of June30th 2014 2 Communications and Software Lead the Way 3 © Allied Security Trust 2014 – No copying or distribution without express written permission AST reassignment analysis, Data as of June30th 2014 Who Is Selling and Buying 4 © Allied Security Trust 2014 – No copying or distribution without express written permission AST reassignment analysis, Data as of June30th 2014 Top Sellers – Total Study and 1H 2014 5 No 2010-1H 14 Seller Trans Assets No Seller 1H 14 Trans No Seller 1H 14 Assets 1 IBM 57 6,111 1 IBM 12 1 Panasonic 1,903 2 AT&T 35 405 2 Panasonic 10 2 Hewlett Packard 1,430 3 Nokia 30 940 3 Pendrell Corp 5 3 IBM 1,066 4 Allied Security Trust 29 704 4 Intellectual Ventures 5 4 Ericsson 777 5 Cypress Semic 29 441 5 Allied Security Trust 4 5 American Express 685 6 Intellectual Ventures 27 673 6 NXP 4 6 Allied Security Trust 349 7 Hewlett Packard 25 2,742 7 Rambus Inc 4 7 Alcatel-Lucent 295 8 IPG Healthcare/Elect. 21 850 8 Silverbrook Research 4 8 Renesas Electronic 226 9 Panasonic 20 2,112 9 AT&T 4 9 211 11 Delphi Corp 20 266 Partners for Corporate Research International 10 NXP 19 843 11 Cypress Semiconductor 207 12 Innovation Mgt. Sci. 19 10 NXP 141 13 Verizon Comm. 12 Pendrell 138 14 13 Intel 129 15 14 Rambus 127 15 Dongbu HiTek Co Ltd 125 11 Hewlett Packard 3 10 Alcatel-Lucent 3 64 12 Hitachi Ltd 3 18 298 13 Wi-Lan 3 Acacia Technologies 18 194 14 Delphi Corp 3 Xerox Corp 16 252 15 Nokia Corp 3 © Allied Security Trust 2014 – No copying or distribution without express written permission AST reassignment analysis, Data as of June30th 2014 Patent Holding Companies Top Buyers 6 No Buyer 2010 – June 2014 Trans Assets No Buyer 1st half of 2014 Trans # Assets 1 Intellectual Ventures 941 10,743 1 Qualcomm Inc 2 1418 2 RPX Corp 108 1,973 2 Intellectual Ventures 62 1061 3 Google Inc 96 4,680 3 Optis 3 1029 4 Samsung 72 1,922 4 Twitter Inc 1 943 5 Acacia Technologies 66 1,600 5 IP BRIDGE 1 857 6 Apple Inc 49 1,890 6 Wi-Lan 4 522 7 Conversant (Mosaid) 36 957 7 RPX Corp 18 377 8 Intellectual Discovery Co Ltd 36 729 8 ARM Holdings 2 300 9 Tessera Technologies Inc 33 652 9 Tessera Technologies 5 266 11 Allied Security Trust (AST) 31 503 11 Sound View Innovations 1 258 10 Wi-Lan 29 1,224 10 Future Link Systems 1 211 12 Open Invention Network 29 212 12 Google Inc 3 173 13 Rakuten Inc 27 659 13 Intelligent Energy 2 143 14 Microsoft 23 538 14 Sony 3 140 15 Intel Corp 22 831 15 Intellectual Discovery 6 131 © Allied Security Trust 2014 – No copying or distribution without express written permission AST reassignment analysis, Data as of June30th 2014 Industry Interactions 7 Patent Portfolio 2 Sold Sold Sold GlobeTec Trust Licensed Sued Sued Sued © Allied Security Trust 2013 – No copying or distribution without express written permission Industry – NPE Relationship 8 © Allied Security Trust 2013 – No copying or distribution without express written permission For More Information 9 Linda Biel Senior Vice President, Business Development Allied Security Trust 100 Overlook Center, 2nd Floor #2051 Princeton, NJ 08530 lbiel@ast1.com +1 212 362 5870 office +1 512 695 2027 mobile