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Investor Presentaiton

TRANSACTION OVERVIEW(1) Transaction Overview Management and Board B. Riley Principal 150 Merger Corp (NASDAQ: BRPM) to merge with FaZe Clan Inc. ("FaZe") • The combined company is expected to be valued at $713mm (2) (3) (4) post-money enterprise value representing revenue multiples of 3.8x, 1.9x, 1.1x for 2023E, 2024E, 2025E ⚫ BRPM raising an expected $118mm PIPE • Pro forma FaZe will be owned 68% by existing stockholders (2) (3) (4) who are expected to roll 100% of their equity into the combined company ⚫ The board will be comprised of CEO Lee Trink, 2 B Riley Financial appointees, and 5-7 FaZe appointees Sources ($mm)(2)(3)(4) Uses ($mm) (2 (2)(3)(4) BRPM Cash in Trust (2) $173 New Cash to Balance Sheet $264 PIPE Proceeds (3) 118 FaZe Equity Rollover 670 Sources and Uses FaZe Equity Rollover 670 Illustrative Fees & Expenses 26 Roll Net Cash on Balance Sheet 10 Roll Net Cash on Balance Sheet 10 Total Sources $971 Total Uses $971 Assumes no SPAC IPO investors redeem shares for cash in trust. Cash in trust as of 6/30/2021. Assumes $118mm PIPE. (1) Figures may not foot due to rounding. (2) (3) 7 (4) Excludes 2.2mm BRPM shares subject to earn-out, vesting ratably at $12.00, $14.00, and $16.00. Excludes seller earn-out of up to 6% of combined company shares, vesting ratably at $12.00, $14.00, and $16.00. Both earn-outs subject to five-year period post-closing. Excludes the dilutive impact of 5.75mm public warrants and 0.17mm private placement warrants with an $11.50 exercise price.
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