Forbes SPAC Presentation Deck slide image

Forbes SPAC Presentation Deck

Significant Tax Benefits NOL and amortization provide shareholder value In millions USD Amortization Tax shield (¹): $45 million 1) 2) NOLS (¹): $10 million Total: $55 million Result of continued availability of historically generated amortization deductions available through 2029 • Total of $213 million in potential tax shield available • Accumulated NOLs in current structure(2) • Total of $48 million in potential tax shield available • Overall benefits from an additional $55 million, 1.0x 2022E EBITDA of value Note: Company estimates. For financial projections, please refer to "Use of Projections" portion of the disclaimer. Assumes 21% US federal income tax rate. Application of state taxes may provide additional benefit. NOLS estimated as of December 31, 2020. Forbes 45
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