ࡱ>  l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~"؈ ~~ ؈ ~~4#܈ ~~8#܈ ~~3#܈ ~~83ffff̙̙3f3fff3f3f33333f33& ADESTO TECHNOLOGIES CORPORATION/ SIGNATURES ByG-As of March 31 2018&]For the Year Ended December 31 &LuFor the Three Months Ended Marc&NOTE 3 PRELIMINARY ESTIMATED AC&9NOTE 4 PRELIMINARY ESTIMATED PU&TNOTE 4 PRELIMINARY ESTIMATE (1)&fNOTE 5 PRO FORMA ADJUSTMENTS FO&NOTE 5 PRO FORMA ADJUSTMENT (1)&+NOTE 5 PRO FORMA ADJUSTMENT (2)&NOTE 5 PRO FORMA ADJUSTMENT (3)&NOTE 5 PRO FORMA ADJUSTMENT (4)&NOTE 5 PRO FORMA ADJUSTMENT (5)&@NOTE 5 PRO FORMA ADJUSTMENT (6)&^NOTE 5 PRO FORMA ADJUSTMENT (7)&NOTE 5 PRO FORMA ADJUSTMENT (8)&NOTE 5 PRO FORMA ADJUSTMENT (9)&NOTE 5 PRO FORMA ADJUSTMEN (10)&NOTE 5 PRO FORMA ADJUSTMEN (11)& NOTE 5 PRO FORMA ADJUSTMEN (12)&)NOTE 5 PRO FORMA ADJUSTMEN (13)&3NOTE 6 PRO FORMA ADJUSTMENTS FO&=NOTE 6 PRO FORMA ADJUSTMENT (1)&HNOTE 6 PRO FORMA ADJUSTMENT (2)&TNOTE 7 PRO FORMA NET INCOME PER l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } %} $ } } $ } %       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018'ADESTO TECHNOLOGIES CORPORATIONDelaware 001-37582 16-1755067' (State or other jurisdiction of  (Commission file number) ' (I.R.S. Employer Identification incorporation)    No.)  $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,th\s% =PF0*8X> @  l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATIONByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } a} } -       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018 SIGNATURES'ADESTO TECHNOLOGIES CORPORATION     Date: July 9, 2018 By: /s/ Ron Shelton  Name:  Ron Shelton  Title:- %Chief Financial Officer and Secretary$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|}q:" ?=PF0*8X> @" l   ,  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } $} $ } 8} $ } <       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018 By: Signature Title Date      /s/ Narbeh Derhacobian 7 /President, Chief Executive Officer and Director   July 6, 2018 Narbeh Derhacobian % (Principal Executive Officer)        /s/ Ron Shelton  Chief Financial Officer   July 6, 2018 Ron Shelton4,(Principal Accounting and Financial Officer)/s/ Nelson Chan*"Chairman of the Board of Directors July 6, 2018 Nelson Chan/s/ Keith CrandellDirector July 6, 2018Keith Crandell/s/ Francis LeeDirector July 6, 2018 Francis Lee/s/ Kevin PalatnikDirector July 6, 2018Kevin Palatnik$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D lx*aL$?Zu+=PF0*8X> @ l  ;EbW  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESBy!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 7}  $ } } $ ;      ADESTO TECHNOLOGIES CORP 8-K 07/09/2018As of March 31, 2018S3 Acquisition   Pro Forma    Adesto  Echelon   Adjustments   Adjustments   Pro Forma     Historical   Historical  (Note 8)  (Note 5)  Combined  Assets            Current assets:           ! Cash and cash equivalents ~  ~ Z[ ~ . ~ : a,f~ f Restricted investments ?~  ?   ? ~ Short-term investments ?~  ?   ? ~  Accounts receivable, net~ r~ '~    ? ~ b Inventories~  v~ 7 ? ~  E  b~ FPrepaid expenses (1)~  ? ? ~  N   g~ R!Deferred cost of revenues ?~ F ?   ? ~ FOther current assets~ ~ ~   ~    g~ Total current assets~ ~ ^~  ~   ~ #Property and equipment, net~ Bw~ ~    ? ~ RIntangible assets, net~ bj~ r ~  ~    c~  z Other non-current assets~ ~  ?   ? ~ Goodwill~ Z ?~  ~  -  d~ F Total assets~ ~ ~ f  ~  &- ~ . ,$Liabilities and Stockholders? Equity   Current liabilities:   Accounts payable~ z~ *(~  ~  R  h~ -%Accrued compensation and benefits (2)~ , ? ? ~    i~ >6.Accrued expenses and other current liabilities~ *'~ B#~   ~    h,i~ SDvlsgH]RP?<> !"#$%&'()*+,-./0123456789:4 ,Price adjustments and other revenue reserves ~ G  ?  ?  ? ~ G #!Earn-out liability, current! !?! !?!~ !!  ! ?! ~ !!"Deferred revenues" "?"~ "F "~ "" ~ " 6 " e~ "~ "#Line of credit, current#~ #r# #?# #?# ~ # #  #?#$Term loan, current$~ $&$ $?$ $?$ ~ $  $ l~ $ $!%Total current liabilities%~ %bJ%~ %X%~ %&% ~ % % ~ %"%&Term loan, non-current&~ && &?& &?& ~ & z & l~ &&''Earn-out liability, non-current' '?' '?'~ '>3'  ' ?' ~ '>3')(!Other non-current liabilities (3)(~ (.(~ ( ( (?( ~ (  ( j,k~ ((&)Deferred rent, non-current (3))~ )#) )?) )?) ~ )  ) j~ )Z$)/*'Deferred tax liability, non-current (3)*~ * * *?*~ ** ~ * B * e,k~ *`*+Total liabilities+~ +~ +~ +Nb+~ +Z+ ~ + j+ ~ ++/,'Commitments and contingencies (See Note,,,,,,, , , ,,~ -".Stockholders? equity:....... . . ../ Common stock/~ / /~ // /?/ ~ / B/ ~ //"0Additional paid-in capital0~ 0*0~ 00~ 0!0 ~ 0 10 ~ 0Vq 01Treasury stock1 1?1~ 1zH1 1?1 ~ 1 1  1?1,2$Accumulated other comprehensive loss2~ 2"2~ 22 2?2 ~ 2 F2 ~ 2"23Accumulated deficit3~ 33~ 3=3 3?3 ~ 3 3 ~ 3&3"4Total stockholders? equity4~ 44~ 4Na4~ 4!4 ~ 4 4 ~ 4"425*Total liabilities and stockholders? equity5~ 55~ 55~ 5f 5 ~ 5 &-5 ~ 5. 567$8____________________________19)Created by Morningstar Document Research.0:(http://documentresearch.morningstar.com/:=2%o8#~%hD8,=PF0*8X> @::9988555555 55 55444444 44 44333333 33 33222222 22 22111111 11 11000000 00 00////// // //++++++ ++ ++****** ** **)))))) )) ))(((((( (( (('''''' '' ''&&&&&& && &&%%%%%% %% %%$$$$$$ $$ $$###### ## ##"""""" "" ""!!!!!! !! !!                                                  l  "rr  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 0}  $ } } $ "      ADESTO TECHNOLOGIES CORP 8-K 07/09/2018,$For the Year Ended December 31, 2017 Pro Forma      Adesto  Echelon   Adjustments   Pro Forma     Historical   Historical  (Note 6)  Combined   Revenue, net ~ l ~  ~ J d~ _  Cost of revenue ~ v ~  ~ 2 a,d~    Gross profit ~ N ~  ~  ~ 2 Operating expenses:    Research and development~ :~ ~   b~   Sales and marketing~ ~ rV~ "  c~  r  "General and administrative~ o~ l~    e~    Total operating expenses~ ~ T~ F ~   Loss from operations~ ~ ~  ~  .2 0(Interest and other income (expense), net~ 2~ : ? ~  j .&Loss before provision for income taxes~ ~ V~  ~   $Income tax expense (benefit)~ ~  ? ~  & Net loss~ "~ Ʒ~  ~  r Net loss per share:   Basic and dilutedףp= ӿp= ף $?  ףp=  .&Weighted average number of shares used   ( in computing net loss per share:Basic and diluted~ 2n~ ~ ʳ  f~   $____________________________D=l{ocW=k> w*|Aw !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @"D!!                                        l  "[4  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 0}  $ } $} $ "      ADESTO TECHNOLOGIES CORP 8-K 07/09/20181)For the Three Months Ended March 31, 2018 Pro Forma      Adesto  Echelon   Adjustments   Pro Forma     Historical   Historical  (Note 6)  Combined   Revenue, net ~  ~ vz  $? ~ i  Cost of revenue ~ ~ ~ 6 ~  a~    Gross profit ~ 2p ~ fD ~ z ~  Operating expenses:    Research and development~ F9~ .~ z  b~  o Sales and marketing~ +~ z~   c~  A "General and administrative~ ~ ~    e~  U  Total operating expenses~  ~ ^~ * ~  2 Loss from operations~ *~ V~ b ~  ޭ 0(Interest and other income (expense), net~ ~   ? ~   .&Loss before provision for income taxes~ ~ ^~ b ~  گ $Income tax expense (benefit)~ V~  ? ~  > Net loss~ ~ v~ b ~   Net loss per share:   Basic and diluted333333ӿ $?  ɿ .&Weighted average number of shares used   ( in computing net loss per share:Basic and diluted~ `~ bN~    f~  &7 $____________________________D?lvj^R8i< u(z?u !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @"D!!                                        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } U5} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018?7NOTE 3 PRELIMINARY ESTIMATED ACQUISITION CONSIDERATION.(in thousands)Amount4 ,Cash consideration to Echelon?s shareholders ~ J[ - %Cash consideration for Echelon Option ~ U  and Echelon RSU/ 'Total preliminary estimated acquisition ~ :   consideration$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(GTh\PDK0=PF0*8X> @:    l   #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 0.} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018UMNOTE 4 PRELIMINARY ESTIMATED PURCHASE PRICE ALLOCATION AND INTANGIBLE ASSETS.(in thousands)Amount- %Cash and cash equivalents, restricted ~ ) . &investments and short-term investments Accounts receivable ~ '   Inventory ~ >} ! Deferred cost of revenues ~ F Other current assets~ Total current assets~ #Property and equipment, net~ Other long term assets~  Total assets~ Accounts payable~ Accrued liabilities~ Deferred revenue~ !Total current liabilities~ "+#Deferred tax liability, non-current~ 6#Other long term liabilities~ bTotal liabilities~ d)!Fair value of net assets acquired~ bc$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D> lRF:.aP u7n#>=PF0*8X> @     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } $} $ } } $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018UMNOTE 4 PRELIMINARY ESTIMATED PURCHASE PRICE ALLOCATION AND INTANGIBLE ASSETS.(in thousands) Fair ValueUseful      Life (in Years) Developed technology ~   4 - 6  Customer relationships ~ e  9 - 11   Trademarks ~ 2  11 - 13  Goodwill ~ -    Total~ M$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|RF:.qMl=PF0*8X> @J      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } U5} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount4 ,Cash consideration to Echelon?s shareholders ~  - %Cash consideration for Echelon Option ~   and Echelon RSU1 )Transaction costs paid (exclusive of debt ~ n  financing fees paid)3+Net adjustment to cash and cash equivalents~ 6.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|]QE9@%MA5 =PF0*8X> @B    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } +} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount, $Elimination of Echelon?s inventories ~ J  - carrying value$ Inventories - fair value (1) ~ >} % Net adjustment to inventories ~ E  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(+T]QE95=PF0*8X> @:    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } +} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount, $Elimination of Echelon?s intangibles ~   - carrying value& Intangible assets - fair value ~  * "Net adjustment to intangibles, net ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(2T]QE93=PF0*8X> @:    l  w  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } U5} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount4 ,Elimination of Echelon?s goodwill - carrying  $?  value Goodwill- fair value ~ - " Net adjustment to goodwill ~ -  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T]QE9@=PF0*8X> @:    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 1} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount1 )Elimination of Echelon?s deferred revenue ~   - carrying value% Deferred revenue - fair value ~ z  * "Net adjustment to deferred revenue ~ 6  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(6T]QE9~/=PF0*8X> @:    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 0} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount- %Elimination of Echelon?s deferred tax  $? " liability - carrying value/ 'Deferred tax liability - fair value (1) ~ < 0 (Net adjustment to deferred tax liability ~ <  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(LT]QE9x=PF0*8X> @:    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 8} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount4 ,Estimated gross proceeds from sale of common ~ q  stock7 /Estimated underwriter discounts and commissions ~  1 )Estimated other offering expenses of sale ~   of common stock Total~ F$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|]QE9%xl`8=PF0*8X> @B    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } } $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount Prepaid expenses ~ N   Other current assets ~    $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$|,]QE9maU-=PF0*8X> @2    l  a  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 7} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount6 .Accrued expenses and other current liabilities ~   Accounts payable ~ R   $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,]QE9SG;=PF0*8X> @2    l  M  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 7} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount) !Accrued compensation and benefits ~  6 .Accrued expenses and other current liabilities ~    $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,]QE9B6*=PF0*8X> @2    l  !  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } y#} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount" Deferred rent, non-current ~  % Other non-current liabilities ~    $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,]QE9ZNB=PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } *} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount+ #Deferred tax liability, non-current ~  % Other non-current liabilities ~ N   $ ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/$,]QE9QE9=PF0*8X> @2    l  N)  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } } $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount Gross borrowings ~ "   Debt discount ~ .   ~ !       $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/( T]QE9tB=PF0*8X> @:    l  _2  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } } $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018JBNOTE 5 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED BALANCE SHEET.(in thousands)Amount Cash ~ ^/  Line of credit ~ r  Term loan payoff ~ 6   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/&@]QE9=1%=PF0*8X> @:    l  <  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } -} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018UMNOTE 6 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED STATEMENTS OF OPERATIONS. Pro Forma Pro Forma    Year Ended  Three Months Ended  (in thousands)  December 31, 2017  March 31, 2018 - %Elimination of Echelon?s amortization ~  ~   of intangible assets, $Net adjustment to cost of goods sold ~  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*+hRF:.pj=PF0*8X> @j          l  H  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (2)!NOTE 7 PRO FORMA NET INCOME PERU } 2} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018UMNOTE 6 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED STATEMENTS OF OPERATIONS. Pro Forma Pro Forma    Year Ended  Three Months Ended  (in thousands)  December 31, 2017  March 31, 2018 0 (Amortization after fair value adjustment ~  ~ z ~ 2 *Net adjustment to research and development ~  ~ z expenses$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.RF:.pywO=PF0*8X> @j          l  S  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 7 PRO FORMA NET INCOME PERU } 7} $       ADESTO TECHNOLOGIES CORP 8-K 07/09/2018UMNOTE 6 PRO FORMA ADJUSTMENTS FOR CONDENSED COMBINED STATEMENTS OF OPERATIONS. Pro Forma Pro Forma    Year Ended  Three Months Ended  (in thousands)  December 31, 2017  March 31, 2018 - %Elimination of Echelon?s amortization ~ V ~   of intangible assets0 (Amortization after fair value adjustment ~   ~ v ~ 6.Net adjustment to sales and marketing expenses~ "~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0SRF:.pjn=PF0*8X> @z         l  $abc  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!ADESTO TECHNOLOGIES CORPORATION SIGNATURESByAs of March 31 2018!For the Year Ended December 31 !For the Three Months Ended Marc!NOTE 3 PRELIMINARY ESTIMATED AC!NOTE 4 PRELIMINARY ESTIMATED PU!NOTE 4 PRELIMINARY ESTIMATE (1)!NOTE 5 PRO FORMA ADJUSTMENTS FO!NOTE 5 PRO FORMA ADJUSTMENT (1)!NOTE 5 PRO FORMA ADJUSTMENT (2)!NOTE 5 PRO FORMA ADJUSTMENT (3)!NOTE 5 PRO FORMA ADJUSTMENT (4)!NOTE 5 PRO FORMA ADJUSTMENT (5)!NOTE 5 PRO FORMA ADJUSTMENT (6)!NOTE 5 PRO FORMA ADJUSTMENT (7)!NOTE 5 PRO FORMA ADJUSTMENT (8)!NOTE 5 PRO FORMA ADJUSTMENT (9)!NOTE 5 PRO FORMA ADJUSTMEN (10)!NOTE 5 PRO FORMA ADJUSTMEN (11)!NOTE 5 PRO FORMA ADJUSTMEN (12)!NOTE 5 PRO FORMA ADJUSTMEN (13)!NOTE 6 PRO FORMA ADJUSTMENTS FO!NOTE 6 PRO FORMA ADJUSTMENT (1)!NOTE 6 PRO FORMA ADJUSTMENT (2)U } 7} $ $      ADESTO TECHNOLOGIES CORP 8-K 07/09/2018.&NOTE 7 PRO FORMA NET INCOME PER SHARE.$Year Ended December 31, 20172 *Net loss from continuing operations, basic ~ r   and diluted6 .Pro forma weighted average shares outstanding, ~   basic, $Net effect of dilutive equity shares  ? 6.Pro forma weighted average shares outstanding,~ diluted5-Pro forma net loss from continuing operations per share:Basic and dilutedףp= )!Three Months Ended March 31, 20182*Net loss from continuing operations, basic~  and diluted6.Pro forma weighted average shares outstanding,~ &7 basic,$Net effect of dilutive equity shares ?6.Pro forma weighted average shares outstanding,~ &7diluted5-Pro forma net loss from continuing operations per share:Basic and dilutedɿDlymaU 6%p]s"O>v !"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/ <=PF0*8X> @j ##""!!    Root Entry FBook  Od  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~