Risk Factors Update Summary

• Added risks related to cybersecurity, reliability, and data privacy.
• The FCC eliminated rules requiring cable providers to support CableCARD, impacting demand for devices.
• Added risks related to data privacy and cybersecurity, including potential harm from information security incidents.
• Added risks related to intellectual property and macroeconomic conditions.
• Potential impact on recurring monthly retail service fees if cable industry ceases providing CableCARD support.
• Increased focus on information security, including the collection, storage, and transmission of sensitive information.
• Added risks related to the success of the monetization strategy and competition.
• Change in tax code section from 355 to 355I may affect gain recognition post-Distribution.
• Enhanced disclosure on the impact of geopolitical conflicts, such as the Russia-Ukraine conflict, on operations.
• Potential negative impact on financial results due to restrictions preserving tax-free treatment.
• Added emphasis on compliance with anti-corruption laws and increased legal and financial compliance costs.
• Added risks related to managing disparate business operations efficiently.
• Expanded risks related to tax laws and regulations, including potential unexpected costs and penalties.
• Added risks related to delays in payments from licensees and verifying royalty amounts.
• Historical financial information may not be fully representative of future results as an independent company.
• Additional details on potential liabilities related to intellectual property infringement claims and regulatory investigations.
• Added risks related to attracting and retaining qualified employees.
• Former Parent may compete with the company post-Separation, affecting operations adversely.
• Increased disclosure on the impact of natural disasters and catastrophic events on business operations.
• Added risks related to the impact of acquisitions and divestitures on business operations.
• Stockholder ownership may be diluted due to grants to directors, officers, and employees.