From: ████████████████████████████
Sent: Tuesday, March 27, 2018 10:06 PM
To: █████████████████████████
Subject: Investment Update

Hi,

&=bsp; Here is the long awaited Tarana =pdate.

If you remember, earlier =his year ST1100, LLC loaned money to Tarana and also signed an =greement with the largest shareholder which gave ST1100 certain voting =nd debt related rights. The next step was to reach agreement with the =ompany and all other shareholders. This has been accomplished and is =escribed below.

We were lucky we signed that agreement with =he largest shareholder. After ST1100's financing interest became =now the Company received lots of other investment interest. Through =his we managed to keep our investment and control rights intact. The =anagement team has done an excellent job throughout these =egotiations.

Below is a general outline of the terms, =ncluding opportunities for further investment which I will share with =ou. Some of this is still subject to change as I am to discuss a $20m =nvestment with a 3rd party investor who we are supposed to =et in and would like to proceed immediately with their investment in =his round. That $20m is currently priced at =2.00/share.

## COMPANY

&=bsp; I remain very optimistic about the =echnology. Their beamforming capabilities are far and above anything =Ise. Could someone make something close? Probably not in a relevant =ime frame. Tarana can reach several kilometers true non-line of sight =n unlicensed spectrum. The other technologies are not near this =istance.

## INVESTMENT STAGES / TIMELINE

81=bsp; There are different times to invest as =fisted below. Everyone is welcome to be in any round (I will do whatever =thers don't, and we will pro-rate any oversubscription). The =otal investment allocation we have now is $13m (I may have some room to =lex).

## INVESTMENT STAGES / TIMELINE (cont.)

1. Post-Term Sheet R a Pre-Closing =nbsp; &=bsp; Price: =1.50/share

We will sign the =inding term sheet as described herein. Tarana needs capital during this =ime frame and we have the right to invest up to $5m at a 7.5% discount = the 17.5% discount (25% total discount) to the current round. This =oney needs to be in probably by Monday and I invite everyone to join in =his.

There is a risk we =on't reach actual closing. I think that risk is low as the term =heet is binding and covers every issue. I will be investing at least =2m immediately in this round as it is needed by the Company and am =repared to do more.

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share

We have $13m minus =he above investment (up to $5m). This round will total $13m + likely =he other $20m. This round will:

a. Provide a clean cap =able.
b. Provide us voting =ontrol at the shareholder and the board level.
c. Provide us to largely determine the terms of the next =ound.

3. At Final =losing &n=sp; &nb=p; &nbs=; =b> &nbs=; Price: =2.00/share

The "Final =losing" takes place 90 days after the first closing and provides =s an opportunity to purchase $12m more shares at the above price. It =lso allows the other 3rd party investment group the ability =o top up to $25m total (note, all of their shares are priced at =2.00).

I am hoping =o sign the term sheet on Friday/30th. I welcome any other =articipation.

TERMS

Below is the cap table.

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

ST-1100 Preferred is =etting 9% of the Company for $13m.

Both the ST-1100 voting common and the =T-1100 Preferred warrants have super-voting rights.

This is inline with our =ast cap table, except, we are adding $20m of new money at the same time =rom a 3rd party.

Post Series =

Larger Series =

Note Discount =%)

17.50%

Series D Price =er Share

$2.00

Note =iscounted Price Per Share

$ &n=sp; &nb=p; 1.65

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

Post-money =valuation

$ &n=sp; 321,879,732

Shares

% =wnership

Money =n

New =hares

Total =hares

% =wnership

Common =tock

22,517,782=/o:p>

34.60%

4

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

&nb=p; =,800,000

31,317,782 =0:p>

19.46=

Common =arrants AT&T

&nb=p; &nbs=; 954,916 = =nbsp;954,916 0.59%=o:p> OOLA=/span> 18,166,115=/o:p> 27.91% $ &n=sp; 27,306,182 =o:p> &nb=p; 16,549,201 =o:p> = 34,715,316 =o:p> 21.57= HHM<=span> 10,729,674=/o:p> 16.49%

10,729,674 =o:p>

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

6.67% = o:p>

ABT<=span>

3,598,683<=o:p>

5.53%

$ &n=sp; 653,738 =o:p>

&nb=p;

&nbs=; 396,205

= 3,994,888 =o:p>

2.48%=o:p>

High =ide

522,669

0.80%

=522,669

0.32%=o:p>

AT&T</=:p>

5,092,947<=o:p>

7.83%

= 5,092,947 =o:p>

3.16%=o:p>

DT</=pan>

3,183,091<=o:p>

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

= 3,183,091 =o:p>

1.98%=o:p>

BL</=pan>

1,273,237<=o:p>

1.96%

=

1,273,237 =o:p>

0.79%=o:p>

ABC =referred

42,566,416=/o:p>

65.40%

Jones

$ &n=sp; 100,000 =o:p>

&nb=p; &nbs=; 60,606

=

=nbsp; 60,606

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

0.04%=o:p>

Marwan =lahmadi

$ &n=sp; 100,000 =o:p>
&nb=p; &nbs=; 60,606
= =nbsp; 60,606
0.04%=o:p>

Group =

$ &n=sp;

9,719,975 =o:p>

&nb=p;

5,89=,894

= 5,890,894 =o:p>

3.66%=o:p>

S=-1100 Preferred Pre-Closing

&=bsp;

$=nbsp; 5,000,000 =o:p>

&=bsp;

&n=sp; 3,030,303

&=bsp;

3,030,30=

1=88%

S=-1100 Preferred First Closing

&=bsp;

$=nbsp; 8,000,000 =o:p>

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

&=bsp; &n=sp; 4,000,000

&=bsp; 4,000,00=

2=49%

S=-1100 Preferred voting common (warrants)

&=bsp;

&=bsp; &n=sp; 7,440,939

&=bsp; 7,440,93=

4=62%

9%</=pan>

ST-1100 voting =ommon

$ &n=sp; 2,000,000 =o:p>

&nb=p; 37,700,000 =o:p>

37,700,000 =o:p>

23.42=

3rd Party New =oney

$=nbsp; 20,000,000 =o:p>

&nb=p; 10,000,000 =o:p>

10,000,000 =o:p>

6.21%=o:p>

Other =arrants

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

&nb=p; &nbs=; 971,998
= =nbsp;971,998
0.60%=o:p>
Total
65,084,198=/o:p>
100.00%
$ &n=sp; 72,879,895 =o:p>
&nb=p; 95,855,668 =o:p>
= 160,939,866 =o:p>
100.0=

NEXT =TEPS:

&=bsp;

&=bsp; I need to know how much anyone wants to =nvest in the Pre-Round closing.

&=bsp; I need to know how much people want in the =irst Round. It is all spoken for, but I think there is an immediate =pportunity to increase this amount to $25m while maintaining the 17.5% =iscount.

I think this =ill be fun and I am sure the technology will drive the cost of suburban =ensity bandwidth way down compared to the mobile and cable =perators.

## 2. At First Closing &nbs=; =nbsp; &=bsp; &n=sp; &nb=p; Price: =1.65/share (cont.)

Talk soon,

Greg