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Investor Presentaiton

Acquisition Related Expenses Are Temporary Example Mix of Acq Related Expenses Example Timing of Acq Related Exp on P&L for Each Acq . Legal, accounting, tax diligence experts Banking fees Indemnity insurance M&A bonuses Restructuring & Transaction Transformation costs Non-People Costs Restructuring & Transformation People Costs Office lease terminations Vendor cancellations 50% Datacenter lift & shift 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Expenses Eliminated after 4 Qtrs Severance Transitional personnel compensation • Temporary transitional contractors Marketing conversions Q1 Q2 Q3 Q4 Note: Expense recognition timing varies based on the timing of the close of the acquisition transaction within the initial calendar quarter and when each type of expense is incurred. Examples: acquisition transaction costs are generally expensed when the acquisition closes; people costs are expensed as compensation is earned over time; severance expense is recognized in the period that termination is communicated to the employee; and lease termination costs are expensed in the period when the lease is vacated. 23
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