This document contains summaries of patent market data from 2011 to 2019: - The total value of patents on the market increased from $6 billion in 2011 to over $16 billion in 2019. However, the amount sold has remained relatively steady around $8 billion while the amount unsold has increased. - In 2018, there was a 30% drop in average asking price per patent asset, largely due to a drop in prices for packages of single patent assets. The average asking price of a US-issued patent was $176,000. - The top patent sellers in 2018 included IBM, Intel, Sony, and Panasonic while the top buyers included Google, Samsung, Intel, and Uniloc.

1. PATENT MARKET DATA
ACTIONABLE ANALYTICS (C) Richardson Oliver Insights LLC & Confidential 1
Patent Market Overview
2018 IP Dealmakers Forum
Kent Richardson
November 7, 2018

2. PATENT MARKET DATA
ACTIONABLE ANALYTICS (C) Richardson Oliver Insights LLC & Confidential 2
How Much is on the Market?
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
2011-Q1 2012-Q1 2013-Q1 2014-Q1 2015-Q1 2016-Q1 2017-Q1 2018-Q1 2019-Q1
Sum of all asking prices
Projected
Unsold
Sold
$16B

3. PATENT MARKET DATA
ACTIONABLE ANALYTICS (C) Richardson Oliver Insights LLC & Confidential 3
Who and What Gets Targeted the Most?

4. PATENT MARKET DATA
ACTIONABLE ANALYTICS (C) Richardson Oliver Insights LLC & Confidential 4
What’s the Asking Price of a US Issued Patent?
$176,000

5. PATENT MARKET DATA
ACTIONABLE ANALYTICS
Asset prices dropped 30% drop
Almost all of the drop in single asset
packages
(C) Richardson Oliver Insights LLC & Confidential 5
What’s the Asking Price of a US Issued Patent?
Figure 8. Per asset price by package size

6. PATENT MARKET DATA
ACTIONABLE ANALYTICS
0%
5%
10%
15%
20%
25%
30%
35%
40%
<1 <2 <3 <4 <5
Cummulative%sold
Time from package listing date to sale date (years)
2014
2015
2016
Predicted
2017
Sales rates for 2017 are ahead of
2016
Old deals from 2014 still selling
* Sales data lag the market by ~18 months
(C) Richardson Oliver Insights LLC & Confidential 6
Old Deals Sell and Sale Rates are Heading Up

7. PATENT MARKET DATA
ACTIONABLE ANALYTICS
Sellers
Aaron Emigh
Alcatel Lucent
Allied Security Trust (AST)
ATT
Bell & Howell, LLC
Clifford Sweatte
Concert Technology
Foxsemicon Integrated Technology, Inc.
Hewlett Packard Enterprise (HPe)
Hewlett Packard Inc (HP inc)
IBM
Intel Corporation
Intellectual Ventures
IP Cube Partners (ICP) Co., Ltd
KT Corporation
Mirai Ventures LLC
MITRE Corporation
Nokia Communications Company
Panasonic Corporation
Pendrell Technologies
Seiko Epson Corporation
Sony Corporation
Xerox
Buyers
Akoloutheo, Llc.
Allied Security Trust (AST)
Blackbird Tech Llc.
Brunoco, Inc.
Cria Inc.
Didi (Hk) Science and Technology Limited
Etsy Inc.
Fiver, Llc.
Fluence Automation Llc.
Google Inc.
Innobrilliance, Llc.
Insight Interfaces Llc.
Intellectual Ventures
Jlp United States Patent Solutions, Llc.
Knapp Investment Company
Nokia Communications Company
Open Invention Network, Llc.
Pathunt Ip Management Limited
Prosper Technology, Llc.
Provenance Asset Group
Red Dragon Innovations, Llc.
RPX Corporation
Samsung Electronics Co., Ltd.
Scenera Technologies, Llc.
Servicenow, Inc.
Spectrum Patents, Inc.
Uber Technologies, Inc.
Uniloc Luxembourg S.A.
Wi-Fi One, Llc.
WSOU Investments Llc.
(C) Richardson Oliver Insights LLC & Confidential 7
Top Buyers and Sellers from 2018

8. PATENT MARKET DATA
ACTIONABLE ANALYTICS