Risk Factors Update Summary

• Increased exposure to fluctuations in foreign currency exchange rates due to international operations.
• The new threshold is expected to apply to transactions occurring in 2024.
• The California Governor signed the Climate-Related Financial Risk Act and Climate Corporate Data Accountability Act.
• Potential impact of a 15% global minimum tax rate on large multinational companies starting in 2023.
• Reporting threshold for Form 1099-K transactions increased to $600 from $600 or more.
• The EU and the U.K. issued updated SCCs required to be implemented.
• Changes in accounting rules for bitcoin investments leading to impairment charges and financial impact.
• New threshold for reporting applies to Square and Cash App for Business accounts.
• Various states in the U.S. have enacted comprehensive privacy statutes with potential impacts.
• Expansion into newer markets may not be successful, impacting revenue growth and profitability.
• The European Commission issued an adequacy decision for the EU-US Data Privacy Framework.
• Developments in the cryptocurrency markets subject the company to additional risks.
• Risks related to disruptions in the cryptocurrency markets and potential adverse impacts on the business.
• Potential adverse effects on the business due to economic uncertainty, inflation, and supply chain disruptions.