#DD on $BFT:
As part of the financing, I am pleased to announce that we have received commitments for a private investment of $2.0 billion anchored by title and life insurance subsidiaries of Fidelity National Financial, Third Point Asset Management and Maplelane Asset Management

which will be funded upon the conclusion of the combination which we expect to close in the first half of 2021.

Analysis: Fidelity, Third Point, and Maplelan all support this business acquisition and will complete their investment after the completion of the merger. Shows strong

faith in both companies and the possible growth.

Paysafe is a highly attractive and scarce investment opportunity within the payments and fintech space, where I believe we can add significant value to Philip and his team. Paysafe has an attractive combination of payment assets

including a leading digital wallet platform in Skrill, one of the fastest growing eCash businesses, and a merchant business focused on high growth vertical markets. We will help Phillip and his team identify additional cost savings, focus on the most attractive organic revenue

growth opportunities and identify and execute strategic acquisitions. With a proven strategy, an experienced management team and our newly formed partnership, we believe Paysafe has significant long-term growth potential.

Paysafe has multiple assets that allow them to invest into multiple areas of ecommerce. Digital wallets, different cash payments. They’re looking to merge with BFT to cut costs and increase revenue at a higher rate of growth than Paysafe is expecting to perform on their own.

These improvements will come in various tracks. First, it’s going to be in total project cost savings from platform integration. We’re also going to have a 30% reduction in Premise’s office footprint. We’ll have back office consolidation in risk compliance and operations.

And, the risk platform is going to save another $15 million from fraud reduction, good and bad rate improvement, credit loss improvement, and digital wallet funding enhancements. We also believe there is an opportunity to improve Paysafe’s banking relationships generating

additional cost saves adding to EBITDA growth Looking to increase EBITDA growth with BFT.Their strategy is to reduce spending costs & increase risk management with their assets as well as the clients.Paysafe is also looking to increase relationships with other online transactors

Lastly, our primary goal is to win in US iGaming. Ten percent of the US iGaming market share is forecasted to grow to $24 billion of market volume in 2025. The upside case is about $47 billion of market volume.

Remember that Paysafe has a global base of 15 million customers across all of its verticals. We have a proven strategy of winning as new global markets open. And most importantly, we have unrivalled regulatory risk and technical expertise

Paysafe controls 100% iGaming in Canada and has 75% of iGaming U.S. market. iGaming is 30% of their revenue and they are looking to control the entire market as there is continual growth with consistent users and younger generations

In terms of who we service, we service millions of Gen Z and Millennial gamers. They’re playing #Fortnite and #PlayStation or downloading songs on Spotify. We service the casual gamer that doesn’t bet very often, maybe for the final four, or Super Bowl, or their favorite cricket

team, but we also service millions of security conscious and under bank customers that don’t want to expose their card online for general commerce

Paysafe has integrated 15 companies throughout its history, and the current executive team has done well over 300 deals combined, either negotiated and/or integrated, including many multi-billion dollar deals.

Let me break that down as I walk down the funnel on the right-hand side of the page. Of the 4,300 listed companies, about 1,500 companies have revenues over $1 billion; we have $1.4 billion. Of the 1,500 companies, roughly 300 expect revenue growth over 10%; we are expecting 11%.

Only 75 have margins greater than 30%, and only 40 of them are also supported by a capital light business model

The first comp for us is always PayPal. While PayPal is a much larger and more scaled business, we do look at the playbook and their history of the last 10 years and the consolidation of platforms, successful expansion beyond their core roots, and then M&A to drive a massive

value story. We absolutely see #Paysafe as positioned for a very, very similar story, and with the same capabilities.