Investor Presentation
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Core Subscribers Supplemented by Opportunistic Bulk Acquisitions
G
Protect America™
■ June 2020 asset purchase agreement to acquire 114k
contracts, as well as certain inventory, accounts receivable
and intellectual property
$4.6m in RMR
▪ $16.6m upfront payment and 50-month earnout structure
■ Structured to minimize attrition risk
■ Earnout end date of August 2024
Select Security
■ December 2020 asset purchase agreement to acquire 30k
residential and 8k large commercial contracts, as well as
certain inventory and accounts receivable
$2.0m in RMR
■ $10.9m upfront payment and 50-month earn out structure
■ Structured to share and mitigate attrition risk
■ Retained Select's commercial engine
■ Earnout end date of February 2025
Strong Account Performance
■ Acquired customer base remains in line with expectations
■ Launched proactive retention program
○ Uses predictive churn model to target high risk customers
○ Self-learning Al model to maximize NPV
■ First call resolution and traditional retention are in line with overall base
Opportunistic bulk purchases to supplement traditional sales and accelerate growth,
structured to minimize capital outlay and downside risk
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