Exhibit D — No. 1:20-cr-00293 (Dkt. 311-4, N.D. Ill.)

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Filed December 15, 2025 as Exhibit D to Docket 311 in Case No. 1:20-cr-00293, this letter from Naman Rahul Shah says that sitting through the trial was surreal and that the person portrayed by the government was not the father the writer knows. It offers four examples of Rahul Shah's character, including how Shah treated employees of the family's companies. The letter asks the court to look at the total picture.

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Case: 1:20-cr-00293 Document #: 311-4 Filed: 12/15/25 Page 1 of 3 PageID #:3436




                    EXHIBIT D

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Si ng through my dad’s trial was the most surreal experience of my life. The individual portrayed
by the government was not the dad I have known. I would like to share four examples of what
type of my person my father is. These examples are just a few of many experiences that have
shaped my values and love for my dad, Rahul Shah.

First, my dad and I watched sports together on TV when I was three years old, which ignited in
me a love of sports. My dad would spend countless hours (some mes while simultaneously on
the phone dealing with work) taking me to prac ces and games. I always knew that my dad was
behind me, win or lose. That me spent together is one of my most cherished memories.

Second, in 2001, when I was four years old, and the only child of my parents, who had showered
me with all the a en on and love one can imagine, a new person was introduced in my life. My
cousin Neha, who was 18 months and had never met her biological father, suddenly entered my
world. I had to share my toys, my books, my friends, and, most importantly, my dad. Dad not only
embraced and welcomed Neha as his own child, but always told me to be kind and love her as
my own younger sister. The idea of kindness and sharing was, as your Honor can imagine, met
with resistance by my four-year-old self, but over me, I grew to love and treat Neha as a sister.
My parents always say they have two kids; N2N Technologies is Naman and Neha. Dad never
dis nguished Neha as not being his kid. The spirit of kindness, accep ng people as they are, is so
central to my values today, thanks to my dad’s example.

My third example relates to how dad has taken care of his team – no ma er who they were or
where they came from. In December 2007, we had a trip planned to India. I was excited as my
best friend, Ian, was also going to join us. Only eleven years old at the me, I was looking forward
to spending me exploring India with my friend and my parents. A few weeks prior to our trip,
one of his employees fell sick and was hospitalized. The employee’s family was based in India and
due to visa restric ons, they were unable to travel. My dad became the family’s representa ve,
communica ng with the doctors and the family in India. Unfortunately, the employee’s health
took a turn for the worse and dad was told to “pull the plug”. I remember my dad telling me he
was going to the hospital to do the administra ve paperwork and sit with the employee, as he
felt no should die alone. He spent most of the evening with the employee, and ll he passed away
that evening. Since the family was in India, they wanted to perform the last Hindu rites in India.
Given the many logis cal issues involved, he cancelled our vaca on to ensure the employee’s
body was flown to India and that the family was able to perform the last rites. While I was
disappointed and angry at the me, today I look back at the experience and how it has shaped
me. My dad showed me, then and on so many other occasions, that everyone and every life is
important and needs to be treated with dignity, respect, and care. My dad always said that

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Katalyst is an extended family and that we needed to take care of that family, and he backed that
up with his ac ons.

The fourth example I want to share relates to my dad’s excitement and commitment to serve the
community. For years, the family has been suppor ve of arts and culture. As a child, I was
introduced to music, art, and embracing different cultures. Our family has supported various
intui ons in Chicago and India. One organiza on that par cularly shaped my views on giving is
Door Step School. Door Step School is an organiza on that provides books and educa onal
material to transient workers’ children. These individuals work at construc on sites and live in n
shan es, without access to any educa on for their children. The parents are day laborers, and
the children are le on their own. Door Step School sent teacher “angels” to teach the kids 3 basic
things: how to read their own names, how to write their own names, and how to do basic math,
up to the grade 3 level. A er that, the students transi on to the local government-run school if
they con nue live in the city. Our family has sponsored many thousands of kids over the years.
During my many trips to India, my dad suggested that I spend half-day at one of the schools. The
experience moved me so much that when I came back home, I rallied my friends and classmates
to donate pencils, books, and basic materials.

The ability to transform someone’s life at a very basic level has been so founda onal to my values.
These values shaped my perspec ve on business as well. Before business school, I worked on Wall
Street and then for a startup in Brooklyn. One day, I was talking with a few Uber Eats couriers who
were standing by a ba ery charging unit. As I spoke to them and came to understand some of the
challenges they faced, we walked into the “garage” of the company building these units. I became
employee 2 and helped scale this scrappy ba ery swapping business in New York city for Uber
eats e-bike couriers from $0-$250k in ARR. This business helps reduce ba ery fires and provides
an economical and convenient way for delivery workers to make their routes on me. The idea of
helping marginalized individuals and, my tolerance for the “grind” necessary to build a business,
came from the way my dad has built and lived his life.

Your Honor, I request that you look at the total picture, of an individual who built a large business,
and has shown generosity and a true willingness to take care of his team. The values I live by are
integrity, kindness, generosity and acceptance, and these are all thanks to my dad.

Thank you,



Naman Rahul Shah

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