Talkspace SPAC Presentation Deck

t Financial statement presentation Income Statement Revenues Commentary We generate revenues from the sale of monthly membership subscriptions to our therapy platform, payments from consumers and their respective insurance companies and annually contracted platform access fees paid to us by our enterprise clients for the delivery of therapy services to their members or employees ● ● We recognize consumer subscription revenues ratably over the monthly subscription period, beginning when therapy services commence ● We recognize contracted minimum revenue from our enterprise clients from the commencement of their contract term through the annual period We also recognize revenue as services are performed under contracts that do not provide for a contracted annual minimum fee Revenues are recognized when we satisfy our performance obligation to provide virtual behavioral healthcare services which occurs over the period under contract, when our consumers have access to our platform. Revenue is recognized in an amount that reflects the consideration that is expected in exchange for the service Revenue growth is generated from increasing our membership subscriptions, contracting with enterprise clients and health plans. As of February 28, 2021, we had ~51,000 total B2C and B2B active members, 10 health plan clients (covering over 40 million lives) and 72 enterprise clients We have demonstrated continued revenue growth during 2019 and 2020 as a direct result of the increased penetration of the direct-to-consumer market, and the Company's 2018 entry into the commercial insurance and enterprise sales markets The Company's Net revenues grew ~100% from $38.2 million for the year ended December 31, 2019 to $76.2 million for the year ended December 31, 2020 59

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