Appreciate SPAC Presentation Deck

APPENDIX EBITDA Reconciliation $ in 000s Net Income (loss) Other Income Depreciation and Amortization Interest Expense Taxes EBITDA Management and Board of Director Fees Restructuring Costs Lease Abandonment Reserve Adjustment Legal Settlement Capital and M&A Related Expenses Deferred Commission Expense Non-Cash Accrued Compensation Other, Net (¹) Adjusted EBITDA 2021 Year Ended December 31, ($4,087) (4,115) 4,808 1,557 46 (1,792) 506 182 264 432 101 359 146 $199 Source: Company Information (1) Other, Net includes for 2020A: bad debt expense, unit expense and gain on sale of assets; for 2021A: bad debt expense, holdover rent, 401(k) termination and transfer fees and placement fee 2020 4 ww Appreciate ($6,504) (338) 4,734 1,748 21 (339) 499 5 255 150 20 291 0 45 $927 Private & Confidential 46

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