Overstock Results Presentation Deck

Forward-looking Statements The information presented herein may contain forward-looking statements. Such forward-looking statements include all statements other than statements of historical fact, including forecasts of trends. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were made. We undertake no obligation to update any forward-looking statements as a result of any new information, future developments or otherwise. Forward-looking statements are inherently difficult to predict. Accordingly, actual results could differ materially for a variety of reasons, including, but not limited to, results of our ongoing review of strategic initiatives, initiatives to improve the performance of our retail business, adverse tax, regulatory or legal developments, competition, and any inability to achieve and/or maintain profitability, generate positive cash flow from operations, raise capital, or borrow funds on acceptable terms. Other risks and uncertainties include, among others, the inherent risks associated with the businesses that Medici Ventures and tZERO are pursuing, including whether tZERO's joint venture with Box Digital Markets, LLC will be able to achieve its objectives and the timing for doing such, the regulatory, technical, operational and other obstacles tZERO faces in each of its initiatives, the effects of key business personnel leaving, our continually evolving business model, difficulties we may have with our infrastructure, our fulfillment partners or our payment processors, including cyber-attacks or data breaches affecting us or any of them, difficulties we may have with our search engine optimization results, and our ability and timing to complete our previously-announced dividend payable in shares of our Series A-1 Preferred Stock. More information about factors that could potentially affect our financial results is included in our Form 10-K for the year ended December 31, 2018, which was filed with the Securities and Exchange Commission ("SEC") on March 18, 2019, in our Form 10-Q for the quarter ended March 31, 2019, which was filed with the SEC on May 9, 2019, in our Form 10-Q for the quarter ended June 30, 2019, which was filed with the SEC on August 8, 2019, in our Form 10-Q for the quarter ended September 30, 2019, which was filed with the SEC on November 12, 2019, and in our subsequent filings with the SEC. The Form 10-K, and our subsequent filings with the SEC identify important factors that could cause our actual results to differ materially from those contained in or contemplated by our projections, estimates and other forward-looking statements. overstock. 2

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