Overstock Results Presentation Deck

to tZERO overstock. tZERO-BOX Digital JV Advantages of Exchange over ATS Setting Listing Standards National Exchange Can Draw Premium Issuers and Institutional Investors Publish Market Data Limited Exchange Licenses 1. 2. 3. 4. 5. Speed to Market 6. Boston Options Exchange Credibility Regulatory Expertise Alternative: 2+ Years, $25M-$75M Expense 11

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