Risk Factors Update Summary

• The company initiated legislation to adopt global minimum tax provisions, increasing tax compliance.
• Entry into Merger Agreement with HPE for $407.5 million termination fee if not completed.
• Employees, contractors, and partners may fail to comply with laws, risking legal violations.
• Merger completion expected in late 2024/early 2025, subject to regulatory approvals.
• AI technology risks highlighted, potential for reputational harm or liability due to AI issues.
• Legal and regulatory risks highlighted, including potential impacts of the EU AI Act.
• The company increased its credit facility by $200.0 million, enhancing financial flexibility.
• Increased backlog in 2021 and 2022, expecting reduction as customer buying patterns normalize.
• Increased focus on ESG matters, potential for increased expenses and management time.
• The company replaced two financial covenants with one in the credit agreement, simplifying terms.
• Revenue from limited customers decreased from 36% in 2020 to 33% in 2022.
• Investments in privately-held companies may incur additional losses due to fair value declines.
• Maintaining credit ratings is uncertain, impacting financial strength and transparency with rating agencies.
• Legal provisions do not apply to suits enforcing duties under specific acts, potentially impacting business.