. Hire 2 Sales Directors by Framework for Contmued Growth ExpanSIon BUILD A GLOBAL SALES FORCE AND AGENT NETWORK a BUILD STRONGER ANALYTIC mom - Focused recruiting efforts GOVERNMENT PRIVATE ?7 . - SECTOR EXPANSION 02 2017 . on industry professionals Identify 20 highly w, LONG TERM - Identify full-time in?uential individuals who GROWTH professionals to lead new are in excellent positions STRATEGY . analytics practices in 2H to serve as sales agents 2017 Distribute sales force STRENGTHEN EXPAND AND - Partner with a prominent PR between DC, New York, p THROUGH firm to strengthen the brand Houston, London, I AN ALYTIC and promote awareness smgapore INVESTMENT COMMUNITY INVESTMENT - SIA a platform for performing collaborative, crowdsourced research and analysis - Mobile App Development - to complement the web-based platform - Advanced Insights Network (INA) to allow the interactive and live presentation of complex networks and concepts (C CLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE Copyright 2016 Wikistrat. Ltd. 30 Strengthen lP through Investment: SIA SIA is the future of the Wikistrat technology platform - a multi-functional capability used to automate many of functions today and provide visualization services TRACK SME ACTIVITY Data on how interact, how they are motivated, and the ideas they generate is continuously tracked VISUAL INSIGHT SCALABILITY DISCOVERY . . The path to scalability is A shift from ext- only reports to a SIA IS .the evolution of data, deve'loglng a usif'iwed?and seucure visual, exploratory tool which generating knOWledge from data, a orm 0 erts se allows decision makers and and then discovering new serVIce 63322:?? on- to quickly discover new, - - complex insights mSIghts from that knowledge FIG [We Pig allows for an unllmIted number of projects to take place simultaneously MACHINE LEARNING A self-learning algorithm analyzes the data and uses insights to automate the recruiting process and continually improves incentives for analyst experts CCLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE 50 Copyright 2016 Wikistrat. Ltd. 31 xi Sec?oan Client Overview Case Studies (CCLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE (62? Copyright 2016 Wikistrat, Ltd. 32 Impressive Base of Clients and Partners Wikistrat has built an impressive base of clients - the Company has generated signi?cant revenue from channel partners like Deloitte and who recognize the power of Wikistrat?s technology AIR FORCE DEFENSE TECHNOLOGY FORTUNE IL GLOBAL PROFESSIONAL SERVICES Deloitte. EY GrantThornton (C HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE 5) Copyright 2016 Wikistrat. Ltd. 33 3, ?v $2 1? Subscription-Based, ATA Product Leading the Pack Start Date Client Teyp Solution Offerin . En - a . ement Size Duration September 2016 Global Professional Services Firm Simulation $90,000 7 Weeks September 2016 US. Government Simulation $65,000 5 Weeks September 2016 US. Government Simulation $262,000 9 Weeks September 2016 Global Professional Services Firm Simulation $25,000 3 Weeks September 2016 Foreign Government ATA $660,000 27 Weeks August 2016 Global Professional Services Firm Simulation $75,000 6 Weeks February 2016 Global Professional Services Firm Simulation $32,500 4 Weeks January 2016 Global Professional Services Firm Simulation $60,000 5 Weeks 0-6 Weeks I 6-12 Weeks I 12+ Weeks I ATA I Simulation Other? 1% 1. Revenue Breakdown data Is conveyed for the period of January 2013 September 2016. 2. Other Revenue is composed of Management Services and Small Research. (C CLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE 9 Copyright 2016 Wikistrat, Ltd. 34 Case Study: U.S. Army (INSCOM) CASE STUDY I CHALLENGE Lieutenant General Mary Legere of needed intelligence on violent extremist organizations INSCOM lacked the resources to perform a rigorous, unbiased study at the requisite scale Traditional contractors would not be able to perform projects with the transparency that INSCOM required, and may have carried inherent biases because of their limited team sizes Ccunsrom KEY QUESTION I How can INSCOM more efficiently predict violent extremist organizations? next move? APPROACH Wikistrat recommended a nine-week simulation that generated in revenue and included: - Three weeks of preparation, three weeks for the actual simulation, and three weeks consolidating the ?nal report from the simulation - Preparation consisted of identifying the most appropriate experts from global pool and then getting approval from INSCOM before launching HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE mesw? In; \i SOLUTION INSCOM obtained an in-depth playbook of the range of ways violent extremist organizations would develop based on the changing nature of con?ict, modern technologies, and new political environments Wikistrat was awarded a follow-on project that will be conducted in Q3 2016 for another The client also expressed interest in expanding the program to a 32mm package of simulations in 2017 Copyright 2016 Wikistrat, Ltd. 35 Case Study: Foreign Government CASE STUDY 2 CHALLENGE The National Security Council sought to effectively monitor and anticipate threats to the regime of an unstable country The client did not have the in?house analytic capabilities, technical know-how, or collection capabilities to effectively carry out the project It was dif?cult to find a contractor with the broad skillset necessary to combine big data with deep subject matter expertise CCLEARSIGHT APPROACH Wikistrat recommended its Intelligence Monitoring solution, also known as Advanced Threat Analysis, for an initial nine-month period that generated $2.5mm in revenue: - The client received a customized expert crowd, proprietary data model, and dashboard system for real-time analysis and early warning - Wikistrat?s highly quali?ed in-house team managed the entire process HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE WI KEY QUESTION How can the National Security Council plan for regime change in an African country? SOLUTION The client received early warnings on a number of economic changes, security threats, social protests and political developments, as well as an understanding of the country that couldn?t be obtained from open-source materials Following the project, the client commissioned an additional ATA looking to model transnational extremist groups This client has commissioned 6 projects, amounting to in revenue, over 17 months (0 Copyright 2016 Wikistrat, Ltd. 36 Case Study: Deloitte CASE STUDY 3 Deloitte. CHALLENGE Deloitte wanted to understand how blockchain technology would affect the healthcare industry The client didn't have the capability to carry out the study in-house, and needed an alternative to hiring an army of private contractors The head of Deloitte U.S.'s Center for Health Solutions engaged Wikistrat for its ability to ef?ciently combine a wide array of experts to produce actionable insight CCLEARSIGHT KEY QUESTION How will blockchain technology impact the healthcare industry? APPROACH Wikistrat recommended a six-week simulation that generated in revenue and included: - 2 weeks of preparation, 2 weeks for the actual simulation, and 2 weeks for consolidating the ?nal report from the simulation . Deloitte had input in the SME composition, but nevertheless developed an appreciation for Wikistrat?s ability to identify the appropriate talent HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE SOLUTION The client received an in-depth understanding of a topic that had previously been relatively under- researched This is one of a number of projects where Deloitte has used Wikistrat, and the relationship continues to be mutually bene?cial as Deloitte has become an important channel partner Wikistrat often receives mentions in Deloitte publications about the crowdsourcing industry Copyright 2016 Wikistrat, Ltd. 37 II, Section Employees Operations (CCLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE CC) Copyright 2016 Wikistrat. Ltd. 38 Management Organizational Structure 0 mm?. Joel Zamel CEO Dr. Shay John Johns Daniel Green Elad Schaffer Hershkovitz Business CTO COO Director of Analytic Development and Community, CSO Sales HR and Admin Manager Headcount: 1 Developers Headcount: 2 Recruitment Team Leader Headcount: 1 Project ATA Group Managers Leader Headcount: 4 Headcount: 1 Lead Analyst Editing Team Graphics Headcount: 1 Headcount: 1 Headcount: 1 Headcount: 4 Collectors Headcount: 2 Data Scientist Headcount: 1 HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE Copyright 2016 Wikistrat. Ltd. 39 Recruiting and Quality Control of SME Network Wikistrat has codified processes in place to recruit, retain, and vet the highest-caliber intellectuals from across the globe the high-quality expert pool is critical to the success of simulations TAILORED EXPERT CROWDS SIMULATION FRAMEWORK ENSUREs QUALITY I SMES are required to have hands-on professional I Contributions are constantly peer reviewed by other experience in addition to rigorous academic training before experts, ensuring quality is maintained Jo'mng the community I Transparency of who contributed what forces to I SMES are constantly monitored through internal be at their best simulations, ensuring only the best make it to client work I Analytic teams are selected on a project-by-project basis, and tailored to the Client?s unique demands I Wikistrat staffs highly-quali?ed supervisors on each project who coach SMES to make valuable contributions CONFLICT OF INTEREST PERSONAL INTERVIEW RECRUITMENT DECISION BACKGROUND CHECK Premier Crowd of Highly- Vetted, Expert 1 HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE 19 Copyright 2016 Wikistrat. Ltd. 40 ONLINE APPLICATION Project Pricing and Typical Structure TYPICAL PROJECT PRICING PROCESS Wikistrat targets the following prices for its projects: I Full-Scale Simulations 1 to 3 months in duration Government Clients: - 250K - Private Sector Clients: - 100K Wikistrat targets an aggregate Gross Margin of I Short Simulations Few days to 4 weeks in duration GOVermem C'ier?t33 80K Gross Margin targets are regularly Private Sector Clients: 40K exceeded the Company typically . Anticipatory Threat Analysis enjoys a higher margin on government - Government Clients: 2.5M pr0jects. EMPLOYEE STRUCTURE ON ATA PROJECTS DIRECTOR OF ANALYTIC COMMUNITY ATA TEAM LEADER LEAD ANALYST CROWD OF ~100 EXPERTS1 IN-HOUSE SUPPORT TEAM SPECIFIC EDITOR GRAPHIC 1. Members of these groups are 1099 contractors, while the rest are Wikistrat W-2 employees. HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL - DO NOT DISTRIBUTE -, Copyright 2016 Wikistrat. Ltd. 41 II Section VI Financial Overview (CCLEARSIGHY HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE Copyright 2016 Wikistrat. Ltd. 42 - Wikistrat Simulation services are sold as ?rm ?xed-price projects while Anticipatory Threat Analysis (intelligence monitoring) work is typically sold on an annual subscription basis . Management has proven the ability of the platform to scale globally across 10+ verticals for both governmental (US. and foreign) and private sector clients - Although the Company lacks the resources to develop robust sales and account management teams, it has been able to bootstrap itself into a favorable position based on the merits of its disruptive crowdsourcing platform Management recognizes the next step in the Company?s growth strategy requires a strategic partner to leverage the platform across a global delivery network HISTORICAL AND PROJECTED Historical Projected (Sin Thousands) 2013A 2014A 2015A 2016E 2017p Income Statement Summary Net Revenue $557 $2,652 $6,102 $1,369 $8,025 Growth 376.2% 130.1% -77. 6% 486.3% Direct Expenses $159 $879 $1,868 $1,101 $2,566 Gross Pro?t $398 $1,773 $4,234 $268 $5,460 Margin 71.5% 66.8% 69.4% 19.6% 68.0% Research and Development 168 335 445 30 30 Sales and Marketing 353 1,038 931 491 956 General and Administrative 481 510 637 520 520 Indirect Expenses $1,001 $1,882 $2,013 $1,041 $1,506 Net Ordinary Income ($603) ($110) $2,221 ($773) $3,954 Margin -108. 3% 1% 36.4% -56. 5% 49.3% Depreciation Amortization 1 0 0 0 0 EBITDA ($602) ($110) ($773) $3,954 49. 3% Margin -108. 1% -4. 1% -56. 5% HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE Copyright 2016 Wikistrat. Ltd. 43 - Wikistrat actively tracks and probability weights every opportunity in order to more realistically project the amount of potential identi?ed revenue expected . The probability weighting is multiplied by the expected revenue of each opportunity in order to arrive at the estimated Weighted Revenue for 2016E and 2017P - The Company knows there are far more opportunities where the Wikistrat solution can disrupt an organization?s status quo, but getting in front of those opportunities is dif?cult when the Wikistrat CEO is the primary seller - For purposes of this slide, only opportunities with probability weights greater than or equal to 50% are shown, but many more identi?ed opportunities are currently tracked in Wikistrat?s pipeline 2016 - 2017 WEIGHTED 992909010111 9.53/9 $440000 I $418.000' 9999090012.. 9.99/9 20.000; 13,000} 75.000; 51,599,: Opportunity #3 75% 225,000 168,750: 550,000 412,500?: Opportunity#4 70% 115,000: 80,500} __200,0001 140,000. Opportunity #5 50% 150,000 1 75,000: 500,000: 250.0094l 9929rtunitx.#.6 M, 30000011399001', .. 750000], Opportunity #7 50% 125.000: @2500}, 025.999.; a 12.599} $1,415,000 $992,750 1. The weighted pipeline only includes opportunities with 50% or more likelihood, detennlned by Wikistrat management. HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE $4,620,000 $3,291,500 Copyright 2016 Wikistrat. Ltd. 44 Ownership Structure Wikistrat, Ltd. is primarily owned by management (Joel Zamel, Daniel Green, and Elad Schaffer) and is based in Tel Aviv, Israel - Wikistrat, Inc. is a wholly owned subsidiary of Wikistrat, Ltd. based in the U.S. Joel Zamel Daniel Green Elad Schaffer Aviram Gabay 86.04% 3.37% 1.68% 0.02% Allocated ESOP Tamir Fishman Trusts unallocated 5.96% 2004 Ltd- 2.93% Wikistrat, Ltd. Wikistrat, Inc. Note: In the event of a transaction, Joel, Daniel, and Elad would own approximately 89%, and 5% respectively of IMkistrat Ltd. due to the effect of the ESOP. CLEARSIGHT HIGHLY CONFIDENTIAL AND SENSITIVE MATERIAL DO NOT DISTRIBUTE yf': Copyright 2016 Wikistrat. Ltd. 45