Bird SPAC Presentation Deck

Risk factors (cont'd) . ● . . . . . . Changes to its pricing could adversely affect Bird's ability to attract or retain qualified Fleet Managers and users. Illegal, improper or inappropriate activity of users could expose Bird to liability and harm its business, brand, financial condition and results of operations. Exposure to product liability in the event of significant vehicle damage or reliability issues could harm Bird's business, financial condition and results of operations. Bird relies on third-party payment processors to process payments made by users on its platform and/or made to Fleet Managers and platform partners, and if Bird cannot manage relationships with such third parties and other payment-related risks, its business, financial condition and results of operations could be adversely affected. The markets in which Bird operates are highly competitive, and competition represents an ongoing threat to the growth and success of its business. Bird is expanding, its Fleet Manager network. Any failure by Bird's Fleet Managers to maintain vehicle quality or service levels or uphold brand standards, or material changes to labor classifications or franchise regulations, could have a negative impact on Bird's reputation and business. In most instances, Bird partners with its Fleet Managers and Platform partners to support its local operations and may be limited in its ability control the compliance of such Fleet Managers and Platform partners with state and local laws, rules and ordinances relating to safety, environmental protection and related matters. Bird's ability to operate within a local jurisdiction is generally subject to oversight and regulation in accordance with such legal requirements and typically requires various local and other governmental approvals and permits that may vary by jurisdiction. The nature and extent of any changes in these legal requirements, approvals and permits may be unpredictable and may materially impact Bird's business. If key approvals and permits cannot be obtained on acceptable terms, or if Bird, its Fleet Managers or its Platform partners fail to meet requirements in the local jurisdictions in which they operate, such failure could adversely impact Bird's reputation, business and operating model. Bird is expanding its Platform partnerships and Fleet Manager relationships. Any failure by Bird's platform partners or Fleet Managers to maintain vehicle quality, service levels, or relationships with local government authorities, or material changes to labor classifications (including any ruling that Platform partners or Fleet Managers should be classified as employees) or franchise regulations, could adversely impact Bird's reputation, business and operating model. Bird relies on distributors to distribute and sell its consumer products offerings to retailers. If Bird's scooters, mobile applications or other services have defects, the reputation and brand of Bird's platform and services could suffer, which could negatively impact the use of its products and services, and negatively impact operating results and financial condition. Bird may acquire other businesses, which could require significant management attention, disrupt its business, dilute stockholder value and adversely affect operating results. The global nature of Bird's business may subject it to increased business and economic risks that could impact financial results. Bird's business is subject to interruptions, delays or failures resulting from earthquakes, other natural catastrophic events, geopolitical instability, war, terrorism, public health crises and other unexpected events. The loss of one or more of Bird's key personnel, or failure to attract and retain other highly qualified personnel in the future, could harm Bird's business. The impact of economic conditions, including the resulting effect on discretionary consumer spending, may harm Bird's business and operating results. Bird may need additional capital, and cannot be certain that additional financing will be available. Bird's company culture has contributed to its success and if Bird cannot maintain this culture as it grows, its business could be harmed. Bird's user growth and engagement on mobile devices depend upon effective operation with mobile operating systems, networks and standards that it does not control. Bird's business could be adversely impacted by changes in the Internet and mobile device accessibility of users and unfavorable changes in or failure to comply with existing or future laws governing the Internet and mobile devices. Bird relies on third parties maintaining open marketplaces to distribute its application and provide the software it uses in certain products and offerings. If such third parties interfere with the distribution of products or offerings or with Bird's use of such software, if Bird is unable to maintain a good relationship, or if marketplaces are unavailable for any prolonged period of time, Bird's business will suffer. BIRD 49

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