Getty SPAC Presentation Deck

Risk Factors The risks presented below are certain of the general risks related to the business, industry and ownership structure of Griffey Global Holdings, Inc. and its subsidiaries (collectively, the "Company") and are not exhaustive. The list below is qualified in its entirety by disclosures contained in future filings by the Company, its affiliates or by third parties with the United States Securities and Exchange Commission ("SEC"). These risks speak only as of the date of the presentation, and neither the Company nor CC Neuberger Principal Holdings II undertake any obligation to update the disclosures contained herein. The risks highlighted in future filings with the SEC may differ significantly from and will be more extensive than those presented below. Additional risks related to the Company in connection with and following the consummation of the Business Combination are described above under "Forward Looking Statements" and elsewhere under "Disclaimer". In making any investment decision, you should rely solely upon independent investigations made by you. You acknowledge that you are not relying upon, and have not relied upon, any of the following summary of risks or any other statement, representation or warranty made by any person, firm or corporation, other than the statements, representations and warranties of the Company and CC Neuberger Principal Holdings II explicitly contained in any subscription agreement you enter into in connection with the contemplated investment. You acknowledge that you have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company, and you have sought such accounting, legal and tax advice as you have considered necessary to make an informed investment decision. Risks Related to the COVID-19 Pandemic The effect of the COVID-19 pandemic on our operations, and the operations of our customers, partners and suppliers, could have a material adverse effect on our business, financial condition, cash flows and results of operations. The impact of worldwide economic, political and social conditions may adversely affect our business and operating results. Operational Risks Relating to Our Business Our business depends in large part on our ability to attract new and retain existing and repeat customers. We may be unable to offer relevant quality and diversity of content to satisfy customer needs, including continued licensing of content owned by third parties, which may become unavailable to us on commercially reasonable terms or may not be available at all. Our business is highly competitive, and we face intense competition from a number of companies, which could reduce our revenues, margins and operating results. We may be unsuccessful in executing our business strategy. In order to continue to attract large corporate customers, we may encounter greater pricing pressure, and increased service, indemnification and working capital requirements, each of which could increase our costs and harm our business and operating results. Failure to achieve our projected cost savings could adversely affect our results of operations and eliminate potential funding for growth. We may lose the right to use "Getty Images" trademarks in the event we experience a change of control or otherwise exceed the permitted usage of this trademark. We operate in new and rapidly changing markets, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. Expansion of our operations into new products, services and technologies, including content categories, is inherently risky and may subject us to additional business, legal, financial and competitive risks. The manner in which our customers' industries change could adversely affect our future revenues and limit our future growth prospects. We rely on third parties to drive traffic to our website, and these providers may change their search engine algorithms or pricing in ways that could negatively affect our business, results of operations, financial condition and prospects. Our operation in and continued expansion into international markets is important for our business. As we continue to expand internationally, we face additional business, political, regulatory, operational, financial and economic risks, any of which could increase our costs or otherwise limit our growth. Unless we increase customer and supplier awareness of certain of our new and emerging products and services, our revenue may not continue to grow. Our revenue and profitability may vary based on the mix of and basis upon which we license our content. The impact of currency fluctuations could adversely and materially affect our business and results of operations. We may be unable to adequately maintain, adapt and upgrade our websites and technology systems to ingest and deliver higher quantities of new content and allow existing and new customers to successfully search for our content. We may not be able to continue the growth of our business at rates reflective of our historical growth rates or at all. We may not meet our growth objectives and strategies, which may impact our competitiveness and results of operations. We may not be successful in acquiring or integrating new content and product lines. Risks Relating to Personnel The loss of key personnel, an inability to attract and retain additional personnel or difficulties in the integration of new members of our management team into our company could affect our ability to successfully grow our business. We may be exposed to risks related to our use of independent contractors. Risks Related to Technology, Privacy and Intellectual Property Technological interruptions have occurred in the past and could occur in the future, and these interruptions that impair access to our websites or the efficiency of our websites and technology systems could damage our reputation and brand and adversely affect our results of operations. Our failure to protect the proprietary information of our customers and our networks against security breaches could damage our reputation and expose us to liability and protracted and costly litigation. Our business and prospects would suffer if we are unable to protect and enforce our intellectual property rights. Our products and services may infringe on intellectual property rights of third parties, which could require us to incur substantial costs and distract our management. gettyimages 51

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