Repay SPAC

TriSource Acquisition TriSource Overview Transaction Details Strategic Rationale ■ ■ TriSource, founded in 2007, provides back-end transaction processing services to independent sales organizations ("ISO's") and operates as a direct ISO on behalf of its owned portfolios and external sales agents "Processing" business -~70% of 2018 gross profit "Direct/Agent" business - ~30% of 2018 gross profit Headquartered in Bettendorf, IA with an additional office in East Moline, IL ▪ REPAY acquired TriSource for up to $65 million $60 million paid at closing $20 million of cash - ● Up to $5 million is structured as a performance based earn out ▪ Annualized Adjusted EBITDA is expected to be approximately $7.0 million (¹) ▪ Net leverage at close is expected to approximate 3.5x • $40 million of debt ● ▪ Enables REPAY to build more intelligent payment solutions and bring these solutions to its customers faster ▪ Potential for strong organic growth in TriSource's back-end settlement business ▪ Enhances REPAY's M&A strategy - Having back-end transaction processing capabilities will allow REPAY to reduce future targets' transaction processing costs and to expedite other synergy realization efforts ▪ Immediately and meaningfully accretive to earnings (1) Does not include potential future synergies on incremental REPAY volume resulting from removal of back-end processing fees. 25

View entire presentation