Brivo SPAC Presentation Deck

Risk factors (cont'd) ● • • We are dependent on our connected property solutions, and the lack of continued market acceptance of our connected property products and services would result in lower revenue. ● A significant decline in our subscription revenue renewal rate would have an adverse effect on our business, financial condition, cash flows and results of operations. Aggressive business tactics by our competitors may reduce our revenue. Mergers or other strategic transactions involving our competitors could weaken our competitive position, which could adversely affect our ability to compete effectively and harm our results of operations. ● If we are unable to develop new products and services and sell them into new markets or further penetrate our existing markets, our revenue may not grow as expected. • The technology we employ may become obsolete, and we may need to incur significant capital expenditures to update our technology. ● If we are unable to adapt to technological change, including maintaining compatibility with a wide range of devices, our ability to remain competitive could be impaired. Our products and services may be affected from time to time by design and manufacturing defects that could adversely affect our business and result in harm to our reputation. • We sell security and life safety solutions and if our products or services fail for any reason, we could be subject to liability and our business could suffer. Consumers may choose to adopt products that provide control of discrete functions rather than adopting our connected property solutions. If we are unable to increase market awareness of the benefits of our products and services, our revenue may not continue to grow, or it may decline. ● ● ● If we are unable to acquire necessary intellectual property or fail to protect our intellectual property and proprietary rights adequately, our business could be harmed. • An assertion by a third party that we are infringing its intellectual property could subject us to costly and time-consuming litigation or expensive licenses that could harm our business and results of operations. • The use of open source software in our products and services may expose us to additional risks and harm our intellectual property. • We rely on third-party providers of licensed software and services that are important to the operations of our business. • We may terminate or replace our revolving credit agreement prior to the closing of the business combination. Our ability to continue the existing credit facility or enter into a new facility will be dependent on the approval of holders of a majority of the convertible notes issued in the private placement conducted in connection with this offering, in particular their approval of an intercreditor arrangement with the lender for such new secured revolving facility. If we are not able to structure an intercreditor arrangement that is acceptable to holders of majority of the convertible notes and to a lender for a new revolving credit facility, we will not be able to enter into such new credit facility post business combination, which could negatively affect our financial condition, business and operations. • If our public shareholders redeem a higher percentage of shares than we assumed in our projections, we may not be able to execute our business plan designed to help us to meet such projections, in which case, our business and financial operation could be harmed and the price of our public shares may drop significantly. • If we cannot satisfy the minimum liquidity closing condition set forth in the subscription agreements for the private placement of convertible notes conducted in connection with the business combination, and our private placement investors do not waive such closing condition, we will not be able to meet the minimum liquidity requirement of $75 million set forth in our business combination agreement and will not complete the business combination. However, Brivo may waive such a minimum liquidly requirement of $75 million, in which case we will be obligated to complete the business combination without the proceeds from the private placement of convertible notes. If Brivo waives such closing condition, our ability to operate our business, execute our plans to meet our projections post-closing of the business combination will be adversely affected. Obrivo 42

View entire presentation