MoviePass SPAC Presentation Deck

Comparable Analysis Company Paid Subscriber (mns) Enterprise Value (mns) Value per Sub Monthly Price Subscriber Revenue - Annual (mns) EV/Run-Rate Revneue 2016 Revenue EV/2016 Revenue Netflix a 104 $81,958 $788 $11.99 $14,964 5.5x $8,830 9.3x Spotify 60 $13,000 $217 $9.99 $7,193 1.8x $3,064 b 4.2x ClassPass 0.25 $450 $160 $125.00 $375 1.2x $200 2.3x a) Sources include Netflix public filings, quaterly reports and various sellside research reports b) Spotify valuation based upon Reuters report from August 18, 2017 c) Classpass Valuation based on Fortune May 5, 2017 article, Value per Sub from ClassPass Website d) Source for Hulu estimated 2016 revneue - Statista C Hulu d 15 $5,800 N/A $7.99 $1,438 4.0x $2,000 2.9x moviepass. MoviePass 0.4 N/A N/A $9.95 $48 N/A $9 N/A 13

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