1. #FISPA2016 How to Manage Growth: Finding Great Investors and a Strong Board Ron Mudry Chief Executive Officer Tower Cloud, Inc. FISPA 2016 – Tampa Florida February 23, 2016

2. #FISPA2016 Agenda Tower Cloud Background Funding Growth Through Changing Business Cycles Building a Strong Board of Directors Lessons Learned in Funding Growth

3. #FISPA2016 Tower Cloud Overview Growing fiber network established to support wireless carriers 4G network roll-out Expanded product base to serve telecom carriers, public sector and enterprise High speed Ethernet, Wavelengths, DIA, Dark Fiber, and Small Cell solutions Tower Cloud Fiber Optic Network

4. #FISPA2016 Tower Cloud Customer Base Wireless Carriers TelecomPublic Sector Enterprise Customer Focus Primary customer base of wireless and telecom carriers anchor our network Leverage existing fiber facilities to serve high bandwidth technology companies Provide highly reliable fiber-based facilities to schools, government and hospitals

5. #FISPA2016 Dark Fiber and Small Cells Next wave of “Infrastructure” growth fueled by: Dark Fiber and Small Cells Building 1,300 miles of fiber in Jacksonville, North Florida and Augusta $100+ million capex Small cell on lamp post in Atlanta’s Olympic Centennial Park Small Cell Architecture Small cell coverage Small cellMacro cell tower Macro cell coverage Augusta North Florida Jacksonville Metro Small cell on lamp post in Olympic Centennial Park

6. #FISPA2016 Funding Growth Raised $120 Million of Private Equity Capital to Fund Network Expansion Secured $80 Million Credit Facility with “Availability” Tied to Growth in Revenue and Cash Flow Tower Cloud Revenue Growth CAGR 38% Established “Fiber Partners” to Reduce Capital Through (1) Long-Term Leases, (2) Fiber Swaps and (3) Lease vs. Build Fiber Route Miles ($millions )

7. #FISPA2016 Tower Cloud Funding History Fundraising during down economy and financial market distress highlighted importance of adding former “Operators” and “Entrepreneurs” to Board of Directors and Investor Base Balance “tactical” growth plan with “future funding risk” Raised $17m 1 New Investor Raised $18m Raised $21m Near Bottom of Market 6 New Investors Initial Seed Funding + $10m Series A 3 Investors Raised $49m 2 New Investors Raised $5m

8. #FISPA2016 Tower Cloud Investor and Board Summary Sutter Hill Ventures* $1 billion under management El Dorado Ventures* $750 million under management WOW! (Wide Open West)* Cable TV, telephone, and Internet provider in 22 markets Ballast Point Ventures $200 million under management Florida Growth Fund $500 million under management Burton Partnership* $350 million under management Kinetic Ventures $168 million under management Noro-Moseley Partners $600 million under management ITC Partners Fund (Cam Lanier)* Founder of TelcomUSA and PowerTel Florida Opportunity Fund Experienced telecom operators Major non-institutional investors: Odyssey Partners founding investors CLR Partners Tower Cloud management* Independent Director* Board of Directors Mix * Operators Financial CEO

9. #FISPA2016 Lessons Learned in Funding Growth “Fully Funded” plan versus “Fund-As-You-Grow” Age and maturity of investment funds versus “evergreen” investors Control investors, non-controlling investors, minority investors Oversite and monitoring versus “help” from investors Pros and Cons of “Operators” versus “Financial” investors Finding and closing new investors and Board members How to maximize value added from the Board

10. #FISPA2016 Questions ?

11. #FISPA2016 How to Manage Growth: Finding Great Investors and a Strong Board Ron Mudry Chief Executive Officer Tower Cloud, Inc. FISPA 2016 – Tampa Florida February 23, 2016