®

NobleTek-PLM
Confidential Information Memorandum

September 2017

The Entirety of this Document is Strictly Private & Confidential

 Important Notice
Motilal Oswal Investment Advisors Ltd ("MOIAL") has been retained by Noble Technologies Corp. (“NobleTek-USA“ or "the Company") to serve as its exclusive financial advisor in connection
with the sale of one or more of its business divisions and/or subsidiaries and/or operating assets ("Business“ or “Businesses”) which are wholly owned or controlled by the Company (the
"Transaction"). The Confidential Information Memorandum (the "Memorandum") is being delivered to potential acquirers to assist them in deciding whether to proceed with their evaluation of
the Businesses in accordance with procedures established by the Company and MOIAL.

In preparing the Memorandum, MOIAL has – without independent verification – relied upon public sources and information provided by the Businesses and the Company. MOIAL, its
representatives and employees do not undertake any warranty, express or implied, with regards to the accuracy or completeness of this Memorandum or additional information which might
be otherwise provided. The contents of this Memorandum are subject to corrections or amendments at any time, without any obligation of MOIAL to separately inform the recipient of this
document (the “potential Acquirer”). This Memorandum does not purport to contain all the information that may be required to evaluate all of the factors that would be relevant to a potential
Acquirer considering entering into any Transaction and any potential Acquirer hereof should conduct its own investigation and analysis. This Memorandum and any additional information given
by MOIAL does not substitute or complement, wholly or in part, any due diligence which the potential Acquirer might undertake with regard to the Target. Each potential Acquirer should make
an independent assessment of the merits of pursuing a Transaction involving the Businesses and should consult such potential acquirer's own professional advisors. MOIAL has no obligation to
provide the recipient with access to any additional information or to update this Memorandum with additional information or correct any inaccuracies herein, which may become apparent.

The distribution and use by each recipient of this information contained herein and any other information provided to the recipient by the Businesses, the Company or MOIAL is governed by a
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for any other purpose than the evaluation of the Transaction by the potential Acquirer to whom this Memorandum has been delivered.

In addition, this Memorandum may include certain forward-looking statements provided by the Business(es) and/or the Company with respect to the anticipated future performance of the
Business(es) or the Company. Such forward-looking statements and projections reflect various assumptions of the Business and Company management concerning the future performance of
the Business(es) and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Business(es) or the Company.
Accordingly, there can be no assurance that such projections and forward-looking statements will be realized. The actual results may vary from the anticipated results and such variations may
be material. No representations or warranties are made as to the accuracy or reasonableness of such assumptions or projections or forward looking statements based thereon. Only those
representations and warranties that are made in a definitive written agreement relating to a Transaction, when and if executed, and subject to any limitations and restrictions as may be
specified in such definitive agreement, shall have any legal effect.

The Memorandum does not constitute or form any part of any offer or invitation to any section of the public to subscribe to, underwrite or purchase securities in or assets or liabilities of the
Company or any of its associate/affiliate companies thereof. Recipients of this Memorandum shall not be deemed to be clients of MOIAL, who shall accordingly not be responsible to such
recipients for providing the protection, afforded to clients of MOIAL or for providing advice in relation to any transaction referred to herein.

The Company and MOIAL are free to conduct the process for the Transaction as they in their sole discretion determine (including, without limitation, negotiating with any of the potential
Acquirers and entering into an agreement with respect to a Transaction without prior notice to you or to any other person) and any procedures relating to such Transaction may be changed at
any time without notice to your or any other person. All communications or inquires relating to the Businesses should be directed to MOIAL. No personnel of the Businesses or the Company
should be contacted directly under any circumstances. Please direct all requests to the following MOIAL officers:

Yatin Singh Rishi Tandon Himanshu Malik

Director Vice President Manager
yatin.singh@motilaloswal.com rishi.tandon@motilaloswal.com himanshu.malik@motilaloswal.com

M OTILAL O SWAL 2
 Transaction Overview
® Noble Technologies Corp.
Wooster, OH, USA

CNC Engineering Division PLM Consulting & VAR

NobleTek B.V., NobleTek PLM Dassault Systèmes

US Defense Department Contracts
Netherlands Solutions, India VAR, USA

Noble Technologies Corp (“NobleTek USA” or the “Parent Company”), in an effort to become a pure play
Engineering Services provider, is looking to sell its PLM consulting and Dassault Systèmes PLM software
sales business (“NobleTek PLM” or “The Business”) to an appropriate strategic partner.

This Confidential Information Memorandum describes the NobleTek PLM business that is for sale

M OTILAL O SWAL 3
 Contents
I. Executive Summary
– Company Overview & Summary Financial Data
– Key Investment Highlights
II. Overview of PLM Software & Services Industry
– Global PLM Market
– Industry 4.0 as growth vector for PLM
– Overview of Dassault Systèmes
III. Overview of NobleTek-PLM
– Organization Structure & History
– Leadership and Employee Overview
– Certifications
IV. Business Overview
– Overview & Structure of NobleTek PLM Business
– Business Overview: EURASIA Consulting
– Business Overview: US VAR Sales
V. Pro Forma Financials
VI. Competitive Advantage & Positioning
VII. Annexure – Case Studies & Founders
– Select Case Studies
– About the NobleTek-USA Founders & Directors

M OTILAL O SWAL 4
 I. Executive Summary

M OTILAL O SWAL 5
 Overview & Summary Financial Data for NobleTek-PLM
NobleTek-PLM is a highly regarded PLM consulting business and an important Dassault partner
Overview of NobleTek PLM
 “NobleTek-PLM” or “the Business” is the PLM consulting division of Noble Technologies Corp, a US based Engineering Services company
(“NobleTek-USA” or “the Parent”). NobleTek-PLM specializes in consulting for Dassault Systèmes PLM platforms
 The Business offers a range of PLM consultancy and software services, including implementation, migration and software training services
globally through its delivery locations in Europe (Netherlands, Spain, Sweden) and India
 NobleTek-PLM has deep expertise in large ENOVIA and 3DEXPERIENCE implementations & migration projects
 NobleTek-PLM has developed a set of proprietary software tools (“SmarTools”), which are used for Dassault Systèmes PLM migrations
engagements, and for connecting multiple complex business systems (i.e. ERP, MRP and EAM) to PLM systems
 PLM Consulting clients include mid and large sized manufacturing companies in Western Europe across distinct verticals including
Aerospace, Industrial Equipment, Petroleum Refining & Medical Device. The largest client has ~$1.5m billing in CY2016 and the same is
expected in CY2017
 NobleTek-PLM is also a Value Added Reseller (VAR) of Dassault Systèmes’ 3DEXPERIENCE suite of 3D-CAD and PLM software (ENOVIA,
3DEXPERIENCE on-premise or on-cloud, CATIA, DELMIA) with a large base of customers in the USA
 The Business has 99 staff: 20 in Netherlands, 5 in Spain, 4 in Sweden and 70 in India, including 78 billable employees, 7 in sales and 14 in
G&A roles

CY16 – Revenue by Business Line CY16 – Revenue by Client Geography CY16 – Revenue by Client Vertical

US VAR India & Asia Consumer & Other

11% 9% Retail 6%
5%
Automotive &
Europe VAR Transport
10% USA 6%
14%
PLM Industrial /
Energy / Oil &
Consulting - Manufacturing
Gas
Europe & 60%
10%
Asia
79% Europe
77% Aerospace &
Defence
13%
M OTILAL O SWAL 6
 Company Overview & Summary Financial Data

Summary Financials across Business Lines

All figures in $ ‘000  The PLM consulting business has been growing steadily, with
Est. 5,500
23% growth in CY16 over CY15
5,054
 CY17 forecast sales of $5.5m represents expected top-line
566 growth of 8.6% year over year
4,031 4,092
480 Est. 3,000
797 556  Growth is driven by Process consulting and PLM Migration
267
281 offerings to clients in Europe, as well as newer initiatives around
280
206
Smart Cities and select clients in India and Asia
H1  Given the long-standing relationship, NobleTek-PLM is a valued
actual
partner for Dassault Systèmes, and Dassault Systèmes regularly
2,952 3,269 4,008 2,074
refers various projects across geographies to NobleTek-PLM
CY2014 CY2015 CY2016 CY2017E  NobleTek-PLM also works with select SI (System Integrator)
Eurasia PLM Consulting Europe VAR (net) US VAR (net) partners, like Accenture, CENIT, Visiativ in some of their PLM
projects

Client Concentration – CY2016

60%  Well diversified client base for both Consulting and VAR sales
clients
45%  Significant repeat assignments and VAR orders
38%  Long-standing relationship with the top client for which
29% NobleTek-PLM has been doing extensive work across Dassault
PLM systems and geographies for over 10 years

Top Top 3 Top 5 Top 10

M OTILAL O SWAL 7
 Key Investment Highlights

Attractive Market Dynamics, Favorable Growth Prospects

The PLM market is a $40.6 billion market, and showing strong growth as per CIMdata. PLM is critical for digital transformation of
manufacturing firms, Industry 4.0, SmartCity and IoT initiatives. The expansion of cloud computing is expected to make PLM more widely
available to a broader audience

Well Established Dassault Systèmes Partner

NobleTek-PLM has been a reseller of Dassault Software for more than a decade dating from the time IBM had developed the distribution
network for Dassault. NobleTek is very well regarded by Dassault and has multiple certifications (to sell and implement 3DEXPERIENCE,
CATIA, ENOVIA, DELMIA, SIMULIA & Online Companion; to train under the Education Partner Program; as a Testing and Certification
Center in North America; and as a Systems Integrator in India) and routinely receives direct leads from Dassault for implementation and
sales opportunities across geographies

High Quality Service Offerings with Vertical Expertise

Over the years, NobleTek-PLM has garnered expertise in extensive PLM implementations enabling proficiencies in the Industrial and
Aerospace/Automotive industries

Extensive Client Relationships, Providing Ongoing Stability and Substantial Upside Potential
The Business has been in existence for more than a decade and has built deep inroads with manufacturing clients in Europe, with several
clients being ongoing customers of the Business for more than five years

Experienced Management Team

Continuity of senior leadership and experienced sales teams in both Europe and India have guided the business in its current growth path

Focused, Global Organization with Scalable, Flexible Delivery Model Across Service Offerings
Having experienced consultants sitting out of Europe, and working with offshore consultants sitting out of India, gives NobleTek-PLM the
capability to offer flexible engagement terms at a competitive price to European clients

M OTILAL O SWAL 8
 II. Overview of PLM Software & Services Industry

M OTILAL O SWAL 9
 Global PLM Market Grew Strongly in 2016
CIMdata forecasts the PLM market to grow at a compound annual growth rate (CAGR) of 6.7% to
$56.3 billion by 2021
Revenue Split by Client Industry – CY16 – $40.6 bn
 The PLM market grew to $40.6 billion overall in 2016 (5% growth
Others
over 2015). As shown in the chart below, for 2016, the Americas 14%
had 37.6% of the PLM market, with EMEA at 34.1%, and Asia-Pacific
with 28.3%. The Americas region is forecast to grow at a CAGR of Automotive
6.4% to reach $20.9 billion in 2021. EMEA and Asia-Pacific will have 26%
Electronics/
CAGRs of 6.7% and 7.3% respectively. EMEA will grow to $19 billion Hi-tech
and Asia-Pacific will reach nearly $16.4 billion in 2021 19%

 SI/Reseller/VAR revenues were ~$6bn in 2016, one of the fastest

growing segments in PLM Fabrication &
Aero/Defence
17%
Assembly
24%
 “Industrial companies are using PLM to enable highly collaborative,
distributed, flexible design and manufacturing environments to help
better manage the entire product or plant lifecycle. This ability is Revenue Split by Client Geography – CY16 – $40.6 bn
critical to all industries and only becomes more complex as smart,
connected products must act as parts of larger systems,” according
APAC
to CIMdata 28%
USA
39%
 An estimated 10% of manufacturing companies currently use PLM
(mostly non-SMB enterprises). As PLM vendors begin transitioning
to lower priced cloud based offerings, vendors will be able to work
with mid sized firms to help sell and implement PLM

EMEA
33%
M OTILAL O SWAL Source: CIMdata report, Sept 2017
10
 Growth Rate in PLM Market has Increased as PLM Becomes More Broad-Based
The market is split across various PLM Offerings, with large players having cross disciplinary
offerings across verticals

Overall Global PLM Market Size Split of Revenues by PLM Disciplines – CY2016 – $40.6 bn

All figures in $ billion

Others
13% cPDM
14%

56.3
52.6
49.3
46.2
43.3 SI/Reseller/VAR
40.6 EDA
38.7 16%
35.0 21%
33.4

MCAD
AEC
15%
8%
2013 2014 2015 2016 2017e 2018e 2019e 2020e 2021e
Simulation
13%

M OTILAL O SWAL Source: CIMdata PLM report 2017

11
 Industry 4.0 Initiatives Make PLM Implementations Essential
Companies under pressure to bring innovative products to market at a rapid pace
The gap between design/engineering and manufacturing is being bridged

Companies need to gear up for a “design anywhere/build anywhere” strategy, capable of enabling further automation

DevOps approach to Manufacturing – with automation and rapid commissioning helping to quickly adapt production to market changes
and capitalize on opportunities

“Product companies want to mass customize their way to markets of one. They can’t get there (and make money) without strong data-
related configuration management practices and solutions,” as per CIM Data 2017 PLM report

Companies are looking to Configure-Price-Quote solutions to speed the bid- or order-to-delivery process, but again these potential
adopters need the ability to configure products digitally and understand their costs so they can accurately price them

Numerous companies are talking about offering Products as a Service, which means living by the promises in service level agreements
(SLAs). Ensuring that a company will make money from SLAs requires that they design to accurate costs and competitive prices and assess
these early and often in the design process using simulation and analysis coupled with physical testing, all of which necessitates a
comprehensive PLM suite of software

High level of personalization causing increase in number of variants as well as complexity in product lifecycle and support

As products become “smarter”, more digitized and operate in an increasing range of environments, PLM becomes critical to the path of
innovation and management going forward

M OTILAL O SWAL Source: Industry reports on PLM, CIMdata analysis

12
 Dassault Systèmes
The leading PLM Software company in the world
Overview of Market Share of Leading PLM Players*
 Dassault Systèmes, founded in 1989 and headquartered in
France, is a leading global software company that develops 3D
design software, 3D Digital Mock-Up and Product Lifecycle 30% 31%
Management (PLM) solutions
 Dassault had revenues of $3.3 billion in CY16 with an operating
margin of 30.8%
17% 17%
 Dassault serves over 210,000+ enterprise customers worldwide 2014
present in 140+ countries across 12 industry verticals 10% 2015
9% 8% 9%
 Dassault has a network 12,600+ partners empanelled for its
multiple partnership programs
 Dassault’s Business Partners resell its software solutions and offer
professional services such as system integration, customization, Autodesk PTC Siemens PLM Dassault
consulting, training and implementation Systèmes
* Shows market share in serviceable market, excludes market
segments in which the firms don’t operate

Dassault Systèmes’ PLM Software Suite

3D Modeling Applications Project Collaboration Applications

Simulation Applications Information Intelligence Applications

M OTILAL O SWAL 3DEXPERIENCE 13

 Dassault Systèmes | 3DEXPERIENCE
The next phase of growth & expansion for Dassault is through the game changing 3DX platform
 Dassault’s 3DEXPERIENCE platform is a business solution that creates Dassault Systèmes – Revenue by Product Line (CY16)
a collaborative environment across teams for product development
Services
 3DEXPERIENCE offers a suite of applications that are integrated and 12%
industry-focused (built around industry best practices and processes) CATIA
 3DEXPERIENCE platform is available on premise and in public or 31%
private clouds
Other Softwares
 Customers can either buy individual apps or the whole “experience” 25%
package depending upon their requirement
 Implementation of 3DEXPERIENCE apps (on-cloud or on-premise)
requires specific customization for every customer ENOVIA
 Dassault’s network of Partners support implementation & 11%
customization of 3DEXPERIENCE and migration from legacy PLM SOLIDWORKS
21%
solutions to 3DEXPERIENCE

3DEXPERIENCE – Addressable Market Growth

$24 bn
3DEXPERIENCE Software
Digital Marketing; Project, Program & Portfolio
Significant growth opportunity present ~$8 bn
Mgt; System Engineering; Analytics; Manufacturing
for Dassault Systèmes’ 3DEXPERIENCE $16 bn Execution System; Civil Engineering; Mining; etc.
software applications as it finds ~$2 bn Supply Chain
multiple use cases across industry Services
verticals and rapid adoption among $6 bn ~$3 bn Scientific Innovation Lifecycle Mgt.
small, medium and large enterprise
customers globally
PLM Software
PLM Software PLM Software
$11 bn CAD, Product Data Management,
$10 bn
Simulation, Digital Manufacturing

M OTILAL O SWAL 2012 2015 14

 Dassault Systèmes Intends to Play a Critical Role in the Product Ecosystems of the
Future

Dassault Systèmes’ aspires to the role of catalyst and enabler for realizing critical structural transformations across
industry value chains that will allow customers to maximize benefits and profits from economic disruptors and
current trends toward smart, connected products, systems and their digitalization

Dassault Systèmes’ is driving the 3DEXPERIENCE platform to the next level, positioning the platform as an operating
system that powers their portfolio and their customers’ operating models, as well as being a business model that
powers their marketplace and their customers’ value networks

Organizations must change their processes, as well as how and when they define, manage, and collaborate on
product-related information. Dassault Systèmes is looking at playing a pivotal role in enabling these changes

M OTILAL O SWAL 15
III. Overview of NobleTek-PLM

16
 Structure of NobleTek-PLM
The PLM Consulting Business operates from two subsidiaries, with the US VAR business being
undertaken by the Parent Company
Noble Technologies
Corp., USA

80% owned by Noble VAR agreement in

Technologies Corp, 20% 100% owned by Noble name of Noble
by NobleTek PLM India Technologies Corp. Technologies Corp.

NobleTek PLM
Dassault Systèmes
NobleTek B.V., Solutions Private
20 staff 70 staff VAR, 4 sales staff
Netherlands Limited, allocated
US Sales Team
India

1. As part of the Transaction, the US sales & support staff

will rejoin the Parent and do not intend to transfer to the
Buyer. However, NobleTek-USA can consider structuring
NobleTek Sweden a support agreement on US VAR sales for a limited time
2. NobleTek-India supports some of the engagements led
NobleTek B.V., Office by NobleTek-B.V., and such support is charged through
5 staff (staffed by Indian 4 staff standard transfer pricing arrangements between the two
Spain Office
consultants with work entities
permits) 3. Mr. Uday Vaidya of NobleTek-USA has been leading the
PLM division of NobleTek, for which the Businesses have
been paying Management Fees. As of July 2017, he has
fully transitioned to looking after the non-PLM interests
in the parent company
EURASIA CONSULTING BUSINESS

M OTILAL O SWAL 17
 Evolution
Founded in 1993 in Ohio, the Company has achieved success across various engineering services
markets

Acquired 3 businesses (2 in US and 1

in Netherlands) that were IBM NobleTek-India’s service
Dee and Mary Vaidya channel partners reselling 3D-CAD partner status with
started the Company in Opens delivery centre and PLM data management software Dassault Systèmes elevated
Wooster, Ohio in Pune, India as VARs of Dassault Systèmes to Systems Integrator

1993 1994 1997 2003 2006 2010 2017

The Company acquires TGS Received a $200 million, 10 Sold TechniGraphics Inc to CACI, and
Technology, division of Johnson year, mapping contract spun off PLM and Engineering Services
Controls in Fort Collins, Colorado from the U.S. Department division, which was renamed to Noble
of Defense Technologies Corp. dba NobleTek
Renamed itself to TechniGraphics Inc

M OTILAL O SWAL 18
 Leadership Profile – NobleTek B.V., Netherlands
Experienced senior leadership team has been with the Business for over 15 years, and has PLM
experience going back to the origins of SmarTeam, ENOVIA and MatrixOne

Jan De Bruyckere
Managing Director – NobleTek B.V.
 28+ years of experience in PLM and Engineering Services
 Previously worked with Atlas Copco
 Master’s in Computer Science – Ghent University, Belgium
 With NobleTek (including previously acquired entity – MSC PLM) since 2002

Pieter Nevelsteen
Director of PLM Services, Global – NobleTek B.V.
 20+ years of work experience
 Previously worked with PLM Services and Atlas Copco
 Master’s in Engineering – KU Leuven, Belgium
 With NobleTek (including previously acquired entity – MSC PLM) since 2002

M OTILAL O SWAL 19
 Leadership Profile – NobleTek PLM Solutions Private Limited, India
Committed senior leadership with PLM & Engineering experience, working in tandem with the
Netherlands team
Santosh Kulkarni
Managing Director – NobleTek India
 Santosh heads Business Development in India and Nordics region where he has been instrumental in
developing the PLM Business
 Has developed a very stable and strong relationship with Dassault in India since 2014 and has
achieved success in multiple engagements
 Has won business worth more than $1million in PLM Services as key partner of DS
 Joined the Company in 2009, Santosh plays an integral role in establishing a seamless relationship
between NobleTek India and NobleTek B.V. to form the Eurasia unit
 Over 20+ years of work experience
 Previously worked with Geometrics Ltd. as Delivery Head of PLM Services

Mahua Dharmadhikari
Director of Operations – NobleTek India
 Mahua is the senior most technical resource on the PLM team in India, and has played a key role in
establishing the PLM technical team
 She heads the delivery centre and manages key accounts, and is responsible for coordination between
India and European delivery team
 Mahua is also in-charge of managing resource ramp-up and resource development, including training
 Played a major role in developing key business cases
 Delivery in charge of NobleTek SmarTools Product Team
 Over 15+ years of work experience
 Previously worked with Geometrics Ltd. and L&T Infotech

M OTILAL O SWAL 20
 Employee Profile
NobleTek consultants have advanced degrees in engineering and business, and two-thirds of the
team has been with NobleTek for more than 5 years

Employee Split by Qualification Employee Split by Geography

Other Sweden
7% Spain 4
MBA
5
5%

Netherlands
20

MCA / M.Tech / B.E. / B.Tech /

M.Sc. BCA
25% 63% India
70

Employee Split by Experience Utilization (%) – NobleTek India – Jan-Aug 2017

0-2 years
19% 93% 93%
8+ years
38%
73%
64% 63% 61% 62%
56%
2-5 years
16%

5-8 years
27% Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17
M OTILAL O SWAL Utilization rates increased in July as resources were deployed on new projects 21
 NobleTek B.V. Office, Den Bosch, Netherlands

Europe Offices:
 Netherlands (Den Bosch): 16 seats, 50 sq. mt
 Spain (Madrid): 8 seats, 25 sq. mt
 Spain (Barcelona): 2 seats, 15 sq mt

M OTILAL O SWAL 22
 NobleTek India Office, Pune

Pune Office:
 100 seats (including cabins), 11,963 sq. ft.
 9 year lease from 2014

M OTILAL O SWAL 23
 Partnerships and Certifications
NobleTek has been a Dassault Systèmes partner of high esteem for more than a decade

NobleTek’s PLM Business Has The Following Dassault Systèmes Certifications

 NobleTek trains clients on CATIA, including various CATIA modules

 NobleTek India was granted the coveted System Integrator certification in 2017

 ISO 9001:2008 Certification is in progress

M OTILAL O SWAL 24
 Org Chart – NobleTek B.V.

Jan De Bruyckere
Managing Director

Pieter Nevelsteen Luc Van Hemerlijck

Services Director Services Sales Director Business Development

SPAIN BENELUX INDIA SPAIN BENELUX

Technical Consultants Technical Consultants Migration Tool Team Sales Sales

3 staff 12 staff 7 staff 2 staff 2 staff

Admin Business Admin Benelux Business Admin Spain QA IT Hardware Support

1 staff 1 staff 1 staff 1 staff

M OTILAL O SWAL 25
 Org Chart – NobleTek PLM Solutions Private Limited, India
Santosh Kulkarni
Managing Director

Services PLM BU Delivery Head Engineering Services BU

Mahua Dharmadhikari Swapnil Rahate

Project Manager Technical Manager Product Development

PLM Customization/ Technical Product CAD / Design

Development/Support Consultants Development Team Engineering

4 staff 6 staff 5 staff 4 staff

Resources – PLM Development / Support Resources – Design Eng.

Admin
Infrastructure & Hardware
HR Support Team Sales Support team Admin Assistant/Security
Support Team

M OTILAL O SWAL 26
 IV. Business Overview

M OTILAL O SWAL 27
 PLM Business Overview

NobleTek-PLM

EURASIA Consulting + VAR US VAR

 PLM Consulting and select Engineering Services  Significant amount of Dassault Systèmes
assignments in Europe, Asia and USA, executed by sales from various US engineering clients –
NobleTek-B.V. and NobleTek-India including a mix of PLC and ALC/YLC

 Sales efforts are primarily led by NobleTek B.V. team for  US VAR sales are managed through
the Europe region, which accounts for 77% of revenues. NobleTek-USA’s sales team in Wooster, Ohio
Being a Dassault Systèmes partner, NobleTek India gets
leads and assignments from Dassault in India

 The EURASIA Consulting Business also acts as a VAR of

Dassault Systèmes, with software sales in Benelux and
Spain being either independent or in conjunction with
consulting assignments

M OTILAL O SWAL 28
 Overview of PLM Consulting Services
EURASIA Consulting
Process Consulting Implementation
 BOM Management  Requirements
 Change Management Gathering
 Variant Management  Solution Design and
 Security Consulting Implementation
 PLM Strategy and  Deployment,
Roadmap Documentation and
 Gap Analysis Training
 Software Product  Configuration
Selection Management (CMII
Certification
 CAD/PDM Custom
Extensions
 Industry Specific
Solutions
 Custom Reporting
M OTILAL O SWAL
Application
Evolution Services
Management
 Application Migration  Global and Local
 Data Migration Production Support
 Upgrade Solutions  Helpdesk (L1/L2/L3
 CAD Integrations support)
• CATIA, SolidWorks, NX,  Maintenance/Upgrades
Pro-E/Creo, NX,
AutoCAD
 PDM Integrations Engineering Services
 Enterprise Application
Integrations
• ERP (SAP, Baan, BCPS,  CAD consulting for select
etc.) clients
 CAD consulting for PLM
migration
29
 PLM Consulting Services | 1. Process Consulting
NobleTek’s experienced process consultants are able to provide best in class service across PLM
domains and processes
PLM Domain NobleTek’s specific profiles
BOM management EBOM and MBOM
CAD integration SolidWorks, Inventor, CATIA, Pro/E-Creo, NX, Autocad
ERP integration Mapics, BPCS, Baan, SAP, and other enterprise applications
Configurators Variant management process design and implementation
Security Security settings consultancy and set up
Change management Workflow definition and implementation
Configuration management CM definition and implementation (CMII certification)

Industry Food Processing Equipment Auto Roofing Aerospace Medical devices

Country Netherlands Netherlands Switzerland Belgium
Processes Food processing plants Automotive sub-contractor On-site 1st and 2nd level Industrial equipment
Classification system processes support SmarTeam –CATIA processes consultancy
development ERP integration 3rd level support off-site 2nd level support
Autocad integration Full implementation / training go-live assistance
CATIA development and / support CATIA v5 - CATIA v6–3DEXPERIENCE
training SmarTeam

M OTILAL O SWAL 30
 PLM Consulting Services | 2. Implementation Services
NobleTek has the experience and capability of undertaking large / complex implementations

NobleTek Platform Expertise

NobleTek Advantage
1. Worldwide, Multisite: Implementing and supporting some of the largest global multisite PLM system deployments
2. Efficiency: Optimized (cost and delivery) efficiency thanks to local/global approach
3. Scalability: “Unlimited” scalability in numbers and skills, 80+ PLM experts with experience across multiple domains
4. Reconciliation: Proven implementation methodology based on reconciliation between Out-Of-The Box functionalities and specific company
processes

Industry Industrials Industrial Equipment Aerospace Industrial Equipment

Country Belgium, US, India, China + 15
other countries
Processes Full implementation
3DEXPERIENCE – CATIA
evolution from legacy
systems
Sweden + 13 global sites
Implementation of integrated
PLM platform based on
3DEXPERIENCE
Belgium, Germany, US,
Canada
Full implementation
3DEXPERIENCE
Evolution from legacy system
Netherlands, USA
Full implementation
3DEXPERIENCE
Evolution from legacy system

M OTILAL O SWAL 31
 PLM Consulting Services | 3. Evolution Services
NobleTek is highly regarded for its competencies in helping clients move from legacy systems to
3DEXPERIENCE
 NobleTek consultants help clients move their data and processes from legacy PLM and ePDM systems (like SolidWorks and SmarTeam) to the
latest PLM Platform, 3DEXPERIENCE

 Using NobleTek’s proprietary “SmarTools”, NobleTek is able to rapidly and accurately export and map data and processes from legacy PLM
systems, and import them into 3DEXPERIENCE. Scope of work includes migration of documents, relationships, projects, BOMs, etc.

 NobleTek has assisted other System Integrators in their PLM migration projects: Working with partners like Accenture France and Spain,
CENIT Germany, Argo Graphics Japan, TechniaTranscat Germany and US, Invenio Australia, Cadmes Holland, Visiativ France & Ovision Greece

Migration from Autodesk

Legacy CAD & 3DEXPERIENCE Vault to 3DEXPERIENCE
SmarTeam 3DEXPERIENCE
Coexisting together CAD : Inventor,
Autocad
> 40 worldwide
Partner : Accenture
sites
CAD : SolidWorks
Spain, France, Brazil Migration from File System
to 3DEXPERIENCE
Partner : Accenture Partner : Visiativ, France
France

CAD : CATIA v5, Autocad

Netherlands, Poland, US

Legacy ePDM & 3DEXPERIENCE

CAD : Inventor, CATIA
v5, Creo, Autocad
Coexisting together
> 40 worldwide sites

Partner : Visiativ, France & Japan

M OTILAL O SWAL 32
 SmarTools – NobleTek’s Proprietary PLM Migration Tools
SmarTools Suite supports migration from virtually any PLM or File System to the 3DEXPERIENCE Platform
and/or support co-existence between the two platforms
Primary Use Cases
MIGRATE TO 3DEXPERIENCE PLM Data Migration – SmartMigrate and AutoMigrate
One-time migration of (meta-) data including documents,
Proprietary Migration Tools relationships, projects, BOMs, etc.
 SmarTeam to 3DEXPERIENCE
Existing  SolidWorks’ EPDM to 3DEXPERIENCE
PLM / File  AutoDesk Vault to 3DEXPERIENCE
System
File Based Data Migration – SmartConnect
One-time migration of any CAD/File System to
Export Mapping Import 3DEXPERIENCE

PLM Co-existence – SmartBridge and eBridge

CO-EXIST WITH 3DEXPERIENCE
Proprietary Bridge Tools
One-time migration of (meta-) data including documents,
relationships, projects, BOMs, etc.
 SmarTeam and 3DEXPERIENCE
 SolidWorks’ EPDM and 3DEXPERIENCE

Existing Key PLM software for which Migration/Coexistence

PLM support is provided:

Export/
Mapping Import
Import

M OTILAL O SWAL 33
 PLM Consulting Services | 4. PLM Application Management Services
NobleTek has several ongoing Applications Management Services engagements with global clients
Services offerings:
 Specialized CAD/CAM/CAE, PLM and ERP Services and Support
 Application Support (L1/L2/L3) on PLM Platforms
 Helpdesk, Maintenance of Legacy/Homegrown applications, Training & Documentation
 NobleTek can offer support in multiple languages – English, Dutch, Spanish, French, German, Swedish and primary Indian languages

Client Benefits:
 Optimized Application Performance
 Reduction in recurring cost of maintenance
 Better control of critical business parameters
 Expert handholding and advice in technology renewal efforts

NobleTek AMS are enabled by:

 Domain expertise across various PLM, CAD, Geometry, CAE and ERP platforms
 Global delivery capabilities

Industry Paper / Industrials Industrial Equipment Aerospace

Country Finland Belgium + others Switzerland
Processes AMS team supporting PLM applications AMS, 6 countries, 15 sites 1st and 2nd level Local support,
and infrastructure On-site coordinator + team in NobleTek Switzerland
24x7, 8 countries, 50 sites, 2700 users India office 3rd level by worldwide NobleTek team
On-site coordinator + team in NobleTek
India office
M OTILAL O SWAL 34
 Value Added Reselling
NobleTek is a long standing VAR partner for Dassault Systèmes in the USA and Europe
Dassault Systèmes offers a set of industry leading solutions in the PLM and CAD domains:

Business Model:
Dassault Systèmes has a long standing VAR program, through which it works with partners around the world to sell and implement its PLM
solutions. In the past, IBM was one of the largest VAR partners. Given that the partner ecosystem is valuable in generating sales, Dassault
Systèmes maintains close relationships with and encourages sales of PLM solutions through certified partners like NobleTek

NobleTek’s sales staff and consultants work in concert with Engineering clients on their PLM software needs, and advise them on the suitable
software licenses to purchase

Territory
The VAR agreement allows NobleTek to sell in the following territories and industries:
1. USA to all companies across industries
2. Netherlands, Belgium and Luxembourg to Industrial Equipment companies
3. Spain to Industrial Equipment companies
(only exception being restriction on sale to Dassault Systèmes reserved accounts)

M OTILAL O SWAL 35
 NobleTek-PLM Sales Processes
Long standing client & Dassault Systèmes relationships give strong references that propel growth
EUROPE and ASIA (EURASIA)
NobleTek-B.V.
Direct sales to customers mostly
concentrated in Benelux, Spain and (to a
Direct
lesser extent) in the US. Other countries
Business
where direct business is present are
Switzerland, Austria, Denmark and Turkey
Sales process, primarily for migration and
Partner implementation assistance, consists mainly
Business in assisting global network of Dassault
Systèmes’ partners.
NobleTek-India
The European business represented in NobleTek-India’s financials is
completely generated by the sales & marketing team of NobleTek B.V.
In the domestic Indian market, the sales & marketing function is
performed by Dassault Systèmes with NobleTek-India’s
support. NobleTek-India works as a sub-contractor to Dassault
Systèmes and does not directly perform sales & marketing activities
M OTILAL O SWAL
US VAR Sales
PLM Software
The sales and marketing function of
the NobleTek-USA VAR business is
performed by its internal sales team
to market and sell Engineering & PLM
software developed by Dassault
Systèmes directly to end customers
Internal Sales &
Marketing Team Two revenue streams generated:
1. PLC (Primary License Charge):
Revenue from the sale of new
software to customers.
Commission earned 35% of PLC
Customers
2. ALC (Annual License Charge):
Recurring revenue from annual
maintenance and upgrade of the
software sold. Commission
earned is 20% of ALC
36
 NobleTek EURASIA – Revenue Analysis
EURASIA Revenue CY16 Revenue Split by Client Industry Vertical
All figures in $ ‘000s Other
11%
4,433 Aerospace &
Defence
480
3,513 8%
3,254
267
281
2,275 Energy / Oil &
206 Gas Industrial /
3,953 Manufacturing
3,246 11%
2,973 65%
2,069
Automotive &
Transport
5%
CY14 CY15 CY16 H1CY17

Consulting VAR (Net)

CY16 Revenue Split by Client Geography (excludes VAR) CY16 Revenue Split by Engagement Type
India / Asia PLM Services &
US
11% Software Sales
1% Engineering 8%
Spain Services
6% 5%
Greece Maintainance
6% Services
Benelux 7%
France 50%
3% PLM Consulting &
Implementation
Germany, Services
Austria & 80%
Switzerland
10%
Scandinavia
13%

M OTILAL O SWAL 37
 NobleTek EURASIA – Revenue Analysis
Large majority of repeat clients, directly sourced and with billing in Time & Material basis

CY16 Revenue Split by Sales Source Revenue Split by Type of Customers

Partner Business
20% H1 CY17 77% 18% 5%

CY16 64% 16% 20%

CY15 42% 51% 7%

Direct Sales
80%
CY14 71% 11% 17%

Existing Customers New Contracts from Existing Customers New Customers

CY16 Revenue Split by Project Type EURASIA Consulting – Number of Unique Customers Billed

Fixed Cost
22% 46
40
36
33

Time & Material

78%

CY14 CY15 CY16 H1 CY17

M OTILAL O SWAL 38
 NobleTek USA VAR – Revenue Analysis
NobleTek has clients from across industries, with a mix of new & annual license fees
US VAR – Net Revenue Split by License Type US VAR – Customer Split by Industry (CY16)

All figures in $ ‘000s

Others
15%
$ 797 $ 556 $ 567 $ 281
Industrial Heavy
25% Equipment
35% 34% 5%
46% Aerospace &
Defense
Automotive 48%
10%
75%
65% 66%
54%

Manufacturing
CY14 CY15 CY16 H1 CY17
22%
Annual License Charge Primary License Charge

US VAR – Gross Revenue* US VAR – Number of Unique Customers

All figures in $ ‘000s
134 128
3,233 117

2,473
2,194 2,188
68

CY14 CY15 CY16 H1 CY17

CY14 CY15 CY16 CY17E

*Note: Gross Revenue includes total billing to clients, including revenue that is due to Dassault Systèmes
M OTILAL O SWAL 39
 V. Pro Forma Financials

M OTILAL O SWAL 40
 Pro Forma P&L | NobleTek-PLM (EURASIA Business & U.S. VAR)
All figures in $ CY2014 CY2015 CY2016 H1 CY2017
Revenue, Net:
Services $ 2,972,619 $ 3,246,039 $ 3,952,513 $ 2,068,535
Software 1,077,845 822,541 1,046,712 486,399
Reimbursement of expenses - 37,850 55,935 9,888
Foreign currency transaction gain (loss) (19,380) (14,456) (750) (3,814)
Total Sales 4,031,084 4,091,974 5,054,410 2,561,008
Chg. In year over year sales (%) 1.5% 23.5%

Total Cost of Revenues 3,180,324 2,897,829 3,269,976 1,952,823

Gross Profit 850,760 1,194,145 1,784,434 608,185
Gross Profit Margin (%) 21.1% 29.2% 35.3% 23.7%

Total Operating Expenses 597,887 750,867 1,242,062 474,693

Income (loss) from operations 252,873 443,278 542,372 133,492

Total Other Income (Expense) 44,176 32,787 40,683 34,622

Income (Loss) before income taxes 297,049 476,065 583,055 168,114
Income before taxes as % of Sales 7.4% 11.6% 11.5% 6.6%

Total Provision for (benefit from) income taxes 61,000 (1,522) 6,337 -
Net Income (Loss) $ 236,049 $ 477,587 $ 576,718 $ 168,114
Net Income as % of sales 5.9% 11.7% 11.4% 6.6%
EBITDA Adjustments
Net Income $ 236,049 $ 477,587 $ 576,718 $ 168,114
Add: Income Taxes 61,000 (1,522) 6,337 -
Add: Depreciation & Amortization 94,383 76,144 54,080 11,904
Add: Directors Fees 24,604 14,769 22,529 7,570
Add: Management Fees - 49,948 199,278 97,416
Total Adjustments 179,987 139,339 282,224 116,890
Adjusted EBITDA $ 416,036 $ 616,926 $ 858,942 $ 285,004
M OTILAL O SWAL
 Pro Forma Balance Sheet | EURASIA
All figures in $ CY2014 CY2015 CY2016 H1 CY2017
Assets
Current Assets
Cash & Equivalents $ 419,146 $ 253,778 $ 208,997 $ 232,067
Accounts Receivable
Trade, Net 728,264 877,240 1,364,560 1,594,657
Related Party 18,894 - 105 12,007
Accrued Interest on note receivable, affiliate 6,337 - - -
Work-in-progress 118,381 115,809 52,568 141,804
Prepaid expenses 127,996 160,382 86,905 51,076
Prepaid income taxes 21,057 29,228 130,520 112,533
Total Current Assets 1,440,075 1,436,437 1,843,655 2,144,144
Total Net Equipment, Furniture & improvements 161,011 85,707 80,575 122,619
Other Assets:
Note Receivable from affiliate 273,639 256,528 247,644 261,883
Other Assets, less Note Receivable from affiliate 215,553 192,338 219,463 228,582
Total Other Assets 489,192 448,866 467,107 490,465
Total Assets $ 2,090,278 $ 1,971,010 $ 2,391,337 $ 2,757,228

Liabilities & Stockholder's Equity

Current Liabilities
Accounts Payable
Accounts Payable Trade $ 351,619 $ 159,970 $ 369,994 $ 384,306
Accounts Payable Related Party 83,468 - 58,928 131,133
Other Current Liabilities 97,978 176,130 310,031 295,519
Total Current Liabilities 533,065 336,100 738,953 810,958
Long-Term Liabilities 45,000 50,360 - -
Total Liabilities 578,065 386,460 738,953 810,958

Total Stockholder's Equity 1,512,213 1,584,550 1,652,384 1,946,270

Total Liabilities & Stockholder's Equity $ 2,090,278 $ 1,971,010 $ 2,391,337 $ 2,757,228

M OTILAL O SWAL * Does not include balance sheet for US VAR Business; US VAR Business has negative net-working capital requirements
42
 Revenue Projections & Pipeline
On the basis of current pipeline, we expect NobleTek PLM Consulting revenues to grow at 10-
15% in CY17, with good visibility of revenues for CY18
Projections for CY17 and CY18 by Business Line

Revenues in $ ‘000s
6,076 US VAR (net) –
estimate based on
Conservative estimate of US prior years
2,972 5,533 550
VAR (net) revenues in H2 Full year US VAR
283.5 (net) revenue EURASIA VAR (net)
Conservative estimate of 564 425
236 – estimate based on
EURASIA VAR (net) revenues Full year EURASIA prior years
in H2 VAR (net) revenue 442

1,470 EURASIA
EURASIA consulting revenues Consulting:
expected in H2 2,453 Pipeline in
(probability adjusted) advanced stages

2,561
US VAR (net) 281 Full year EURASIA
revenues 206 Consulting 4,527
revenues 3,631
EURASIA VAR
(net) revenues EURASIA
Consulting:
2,074 Assured pipeline*
EURASIA
Consulting
revenues

H1CY17 H2CY17E CY17E CY18 Pipeline

Note: Certain sales efforts at an early stage that may result in significant increases in Revenues in CY18 have not been included in these projections
*Assured Pipeline: Confirmed + Highly likely revenues

M OTILAL O SWAL 43
 VI. NobleTek-PLM – Competitive Advantage & Positioning

M OTILAL O SWAL 44
 NobleTek’s Competitive Advantage
The Company offers a unique value proposition within the PLM space enabling customer
retention and continual new-customer acquisition
1. Existing blue-chip customer base
– An established list of current, and previous, blue-chip customers attest to the successful implementation of PLM projects by
NobleTek and lend critical credibility when bidding for new project opportunities
– Examples include: Meyn (a Berkshire Hathaway Company), Atlas Copco, European Spallation Source, Fokker LG

2. New customers benefit from local “boots on the ground” approach (Benelux/Spain/US/India): PLM implementations
– New customers benefit from access to local resources steeped in regional needs and best-practices that ensure a true understanding
of customer requirements and seamless attainment of project goals
– While providing local resources to ensure smooth implementation, NobleTek is able to add value for both itself and its customers
through the facilitation and execution of work in lower-cost resource locations such as India
– Examples include: Seco Tools (a Sandvik Company), Plastipak, Holmatro, Capsugel, Tempress, Valmet

3. Worldwide partnerships provide company visibility within industry and create lead-generation opportunities
– NobleTek is commonly sought to lend expertise in partnership with other PLM consulting providers for its competence in managing
3DEXPERIENCE implementations
– Working in concert with global partners provides meaningful experience for NobleTek in managing demanding cross-border,
multi-site implementations, further bolstering the Company’s industry standing
– Examples include: MOH/Ovision Greece, Canel/Cadem Turkey, PLM Group Nordics, Volvo Eicher India

4. Migration to 3DEXPERIENCE using NobleTek’s widely recognized, proprietary SmarTools software suite
– NobleTek is far ahead of its competition by using its deep understanding and expertise of legacy systems to create a proprietary
SmartTools suite of software that offers best in practice methodology and tools for migrating customers efficiently and effectively
from legacy systems to the 3DEXPERIENCE platform
– The SmarTools suite has been deployed in collaboration with more than 30 partners and VARs (Europe, Australia , Japan, etc.)
– Examples include: Alstom, Blum, Hispano, Honeywell, TSK, GE, Invenio, Transcat, Kubota, Argo Graphics

M OTILAL O SWAL 45
 NobleTek’s Unique Position  Worldwide presence to
serve partners and
 Developed, proven and improved since 2011 customers wherever they
are located
 SmarTeam projects since
2000  “Unlimited” scalability to
Proprietary perform projects
 Heavily customized Software
customers  Cost effective set-up
(SmarTools)

Proven Legacy
System Critical Size
Know-How

Proven Collaboration
3DEXPERIENCE with Dassault
Know-How Systèmes

 Real ENOVIA /
Real  Technical collaboration
3DEXPERIENCE projects Migration since 2011, R&D approval
since 2011 References
 Flexible pre-sales approach
 CATIA V6 projects since
2013  Final customer ownership
 Migrations and co-existence projects guarantee
performed in Europe, China and US at
SmarTeam users of different sizes and
complexities

M OTILAL O SWAL 46
 VII. Annexure – Case Studies & Founders

M OTILAL O SWAL 47
 Case Study | Large Compressor Manufacturer

Client Profile

 Global Industrial Equipment Products and Services Provider

 Over 40,000 employees in over 90 countries
 Manufacturing done primarily in Europe, USA and Asia

3DEXPERIENCE

Project Objectives How NobleTek is Helping The Customer

Digital Collaboration on a Global Scale Key NobleTek Contributions

 Global Implementation of Dassault Systèmes’ 3DEXPERIENCE  Definition of the System Architecture
Platform  Implementation of the New Global System
– Over 1000 End Users around the globe  Support of the Global Solution
 Promoting Out of the Box Best Practices – 24 Hour Application Support
– Platform adoption made easy • All Time Zones
– Scalable for future growth and diversification
Building the Right Team - Together
 Ensures proper governance and communication
 Team Resource Breakdown
– 25% customer resources
– 75% NobleTek resources

M OTILAL O SWAL 48
 Case Study | Motor Oil Company

Client Profile

 One of the most modern and innovative oil refineries in Europe

 Supplies to all major petroleum marketing companies in
Southern Europe, in addition to many partnerships abroad
 Only company in its country that manufactures and packages
lubricants
3DEXPERIENCE

Project Summary Project Objectives

The customer is implementing a modernized and scalable IT
infrastructure for its refinery, in which plant information will be
managed in an asset-oriented approach. These connected devices
will be tightly integrated with the operational systems at the refinery,
continuing to help the company maintain and grow its market share
How NobleTek is Helping The Customer
Implementing Asset Lifecycle Management (ALM)
 NobleTek resources from India and Europe participating
 At customer site and offshore
 Dedicated to the customer's information system
implementation
 Boost Asset Availability, Flexibility and Reliability
– Respond in a smarter and more efficient manner to
large market fluctuations
 Improve Overall Efficiency
– Provide accurate asset information for every asset
(Human or Machine)
 Continue to centralize the storage and access of all asset
information
 Manage data in a proactive, forward thinking manner
– Ensure all upgrades in the foreseen future are less
costly and complex

M OTILAL O SWAL 49
 Case Study | Packaging Manufacturer

Client Profile

 Global Leader in Plastic Container Design and Manufacturing

for over 50 Years
 Over 6,000 employees between North America, South America
and Europe
 Manufactures Over 40 Billion Plastic Containers per year
3DEXPERIENCE

How NobleTek is Helping The Customer

Replace current R&D PLM System with the 3DEXPERIENCE Partnership is Key
Platform  Solution Architecture designed by a Core Team of
 Create a “Single Version of the Truth” for use by the Global Experts from both sides
Team  NobleTek Experts from the US, EU and Asia
 Foster more efficient ways to globally innovate and collaborate participated
 Streamline New Product Development  Customer R&D Experts from the US and EU involved
 All dedicated to a common goal
Migrate all legacy data to the 3DEXPERIENCE – Satisfy target markets and customers with a
 Maintain tribal knowledge and customer’s IP robust product development system
 Capitalize on the modern platform infrastructure
 Provide scalable system to handle future growth

M OTILAL O SWAL 50
 Case Study | Research Facility
Organization Profile
 Joint Effort Involving 17 European Countries
– Research conducted at the molecular level
– Strict International Standards and Requirements
 Goals revolve around centralizing scientific data
– 3DEXPERIENCE Platform
 International collaboration in the following fields:
– Medical and Life Sciences
– Technology for Energy and Environment
– New and Smart Materials
– Everyday Chemistry (paints, cleaning agents, cosmetics,
etc.)
How NobleTek is Helping
NobleTek has been engaged to provide skills and knowledge
in PLM and in the area of Engineering to assist the research
team in 3DEXPERIENCE deployment and usage. NobleTek
consultants are co-located at the base location with the
research team to accomplish the facility's first milestone in
2019.
M OTILAL O SWAL
3DEXPERIENCE
About Research Facility
Spallation is a process in which fragments of subatomic material
(spall) are ejected from a body due to impact or stress. The
futuristic facility is composed of a linear accelerator in which
protons are accelerated and made to collide with a rotating,
helium-cooled tungsten target. By this process, intense pulses of
neutrons are emitted and led through beam lines to experimental
stations, where research is done on different materials. This
research will help discover and develop new materials with
applications in manufacturing, pharmaceutical drugs, aerospace,
engines, plastics, energy, telecommunications, transportation,
information technology and biotechnology.
The facility has selected Dassault Systèmes’ 3DEXPERIENCE
Platform for its data management. All scientists in 17 European
countries and at the base location will use the same platform to
collaborate during the design phase.
51
 About the NobleTek-USA Founders & Directors

 Dee Vaidya, Chairman of the Board, NobleTek-USA, provides oversight to the NobleTek group of companies at the
Board level. He is not involved in the day to day operations of any of the companies

 Uday Vaidya, CEO, also on the Board of NobleTek-USA, is not involved in day to day operations of NobleTek Eurasia as
of July 2017. Uday Vaidya is co-MD in both NobleTek B.V. and NobleTek-India and provides oversight in these
companies at the Board level.

 Mary Vaidya, Company Secretary of NobleTek-USA

 Neil Vaidya, Director, Board of NobleTek B.V. and not involved in its day to day operations

 Jay Vaidya, Trustee of the NobleTek-USA 401K retirement plan

 Arjun Vaidya, Director of Marketing of NobleTek-USA. He will remain with NobleTek USA and does not intend to
transfer to the Buyer

M OTILAL O SWAL 52