Safe Harbor Statement 12 Forward Looking Statements This communication contains “forward-looking statements” which include but
are not limited to all statements that do not relate solely to historical or current facts such as statements regarding the Company’s expectations, intentions or strategies regarding the future, or the completion or effects of the proposed
sale of Avid to GHO and Ampersand. In some cases these statements include words like: “may ” “might ” “will ” “could ” “would ” “should ” “expect ” “intend ” “plan ” “objective ” “anticipate ” “believe ” “estimate ” “predict ” “project ”
“potential ” “continue” and “ongoing ” or the negative of these terms or other comparable terminology intended to identify statements about the future. These forward-looking statements are subject to the safe harbor provisions under the
Private ecurities Litigation Reform Act of 1995. The Company’s expectations and beliefs regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements
as a result of uncertainties, risks, and changes in circumstances, including but not limited to risks and uncertainties related to: the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the
proposed transaction that could delay the consummation of the proposed transaction or cause the parties to abandon the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of
the merger agreement entered into in connection with the proposed transaction; the possibility that the Company’s stockholders may not approve the proposed transaction; the risk that the parties to the merger agreement may not be able to
satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the
proposed transaction could have adverse effects on the market price of the Company’s common stock; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed
transaction; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and to maintain relationships with customers, vendors, partners,
employees, stockholders and other business relationships and on its operating results and business generally. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the
forward-looking statements are included under the caption “Risk Factors” and elsewhere in the Company’s most recent filings with the EC including the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 and any
subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed with the SEC from time to time and available at http://www.sec.gov. The forward-looking statements included in this information statement are made only as of the date hereof. The
Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law. The industry and market data contained in this presentation are based either on our management’s own estimates or on
independent industry publications, reports by market research firms or other published independent sources. Although we believe these sources are reliable, we have not independently verified the information and cannot guarantee its accuracy
and completeness, as industry and market data are subject to change and cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and
other limitations and uncertainties inherent in any statistical survey of market shares. Accordingly, you should be aware that the industry and market data contained or incorporated by reference in this presentation, and estimates and beliefs
based on such data, may not be reliable. Unless otherwise indicated, all information contained in this presentation concerning our industry in general or any segment thereof, including information regarding our general expectations and market
opportunity, is based on management’s estimates using internal data data from industry related publications consumer research and marketing studies and other externally obtained data. Projections, assumptions and estimates of our future
performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those referenced in our note herein concerning Forward-looking
statements. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us.
