# EDGAR Filing Document

**Accession Number:** 0001829864
**File Stem:** 0001193125-25-153528
**Filing Date:** 2025-7
**Character Count:** 308655
**Document Hash:** b0c5190e554a540c66a85cae7de61c58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-153528.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001193125-25-153528

**CONFORMED SUBMISSION TYPE**: SC 13E3

**PUBLIC DOCUMENT COUNT**: 128

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**GROUP MEMBERS**: BCP FC AGGREGATOR L.P.

**GROUP MEMBERS**: BREEZE MERGER CORP

**GROUP MEMBERS**: BRYCE MADDOCK

**GROUP MEMBERS**: BRYCE MADDOCK FAMILY TRUST

**GROUP MEMBERS**: JASPAR WEIR

**GROUP MEMBERS**: JASPAR WEIR FAMILY TRUST

**GROUP MEMBERS**: MADDOCK 2015 EXEMPT IRREVOCABLE TRUST

**GROUP MEMBERS**: MADDOCK 2015 IRREVOCABLE TRUST

**GROUP MEMBERS**: WEIR 2015 EXEMPT IRREVOCABLE TRUST

**GROUP MEMBERS**: WEIR 2015 IRREVOCABLE TRUST

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TaskUs, Inc.
- **CENTRAL INDEX KEY:** 0001829864
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 831586636
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13E3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92665
- **FILM NUMBER:** 251094266

**BUSINESS ADDRESS:**
- **STREET 1:** 1650 INDEPENDENCE DRIVE
- **CITY:** NEW BRAUNFELS
- **STATE:** TX
- **ZIP:** 78132
- **BUSINESS PHONE:** 888-400-8275

**MAIL ADDRESS:**
- **STREET 1:** 1650 INDEPENDENCE DRIVE
- **CITY:** NEW BRAUNFELS
- **STATE:** TX
- **ZIP:** 78132

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TU TopCo, Inc.
- **DATE OF NAME CHANGE:** 20201023
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TaskUs, Inc.
- **CENTRAL INDEX KEY:** 0001829864
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 831586636
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13E3

**BUSINESS ADDRESS:**
- **STREET 1:** 1650 INDEPENDENCE DRIVE
- **CITY:** NEW BRAUNFELS
- **STATE:** TX
- **ZIP:** 78132
- **BUSINESS PHONE:** 888-400-8275

**MAIL ADDRESS:**
- **STREET 1:** 1650 INDEPENDENCE DRIVE
- **CITY:** NEW BRAUNFELS
- **STATE:** TX
- **ZIP:** 78132

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TU TopCo, Inc.
- **DATE OF NAME CHANGE:** 20201023

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 13E-3** 

**RULE 13E-3 TRANSACTION STATEMENT UNDER** 

**SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934** 

## TaskUs, Inc.
**(Name of the Issuer)** 

**TaskUs, Inc.** 

**Breeze Merger Corporation** 

**BCP FC Aggregator L.P.** 

**The Maddock 2015 Irrevocable Trust** 

**The Bryce Maddock Family Trust** 

**The Maddock 2015 Exempt Irrevocable Trust** 

**Bryce Maddock** 

**The Weir 2015 Irrevocable Trust** 

**The Jaspar Weir Family Trust** 

**The Weir 2015 Exempt Irrevocable Trust** 

**Jaspar Weir** 

**(Names of Persons Filing Statement)** 

**Class A Common Stock, $0.01 par value** 

**(Title of Class of Securities)** 

**87652V109** 

**(CUSIP Number of Class of Securities)** 

**Claudia Walsh** 

**General Counsel & Corporate Secretary** 

**TaskUs, Inc.** 

**1650 Independence Drive, Suite 100** 

**New Braunfels, Texas 78132** 

**(888) 400-8275** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications** 

**on Behalf of the Persons Filing Statement)** 

***With copies to***

---

| | | |
|:---|:---|:---|
| **Faiza J. Saeed**<br> **Claudia J. Ricciardi**<br> **Cravath, Swaine & Moore LLP**<br> **Two Manhattan West**<br> **375 Ninth Avenue**<br> **New York, NY 10001**<br> **(212) 474-1000** | **Anthony Vernace**<br> **Michael Chao**<br> **Simpson Thacher & Bartlett LLP**<br> **425 Lexington Avenue**<br> **New York, NY 10017**<br> **(212) 455-2000** | **Andrew Elken**<br> **Latham & Watkins LLP**<br> **1271 Avenue of the Americas**<br> **New York, NY 10020**<br> **(212) 906-1200** |

---

This statement is filed in connection with (check the appropriate box):

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| | | |
|:---|:---|:---|
| a.  | ☒ | The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934. |
| b.  | ☐ | The filing of a registration statement under the Securities Act of 1933. |
| c.  | ☐ | A tender offer. |
| d.  | ☐ | None of the above. |

---

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☒

Check the following box if the filing is a final amendment reporting the results of the transaction: ☐

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**INTRODUCTION** 

This Rule 13e-3 transaction statement on Schedule 13E-3, together with the exhibits hereto (this "Schedule 13E-3" or "Transaction Statement"), is being filed with the Securities and Exchange Commission (the "SEC") pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the "Exchange Act"), jointly by the following persons (each, a "Filing Person," and collectively, the "Filing Persons"): (i) TaskUs, Inc. ("TaskUs" or the "Company"), a Delaware corporation and the issuer of the Class A common stock, par value $0.01 per share (the "Company Class A Common Stock"), and Class B common stock of the Company, par value $0.01 per share (the "Company Class B Common Stock" and, together with the Company Class A Common Stock, the "Company Common Stock"), that is subject to the Rule 13e-3 transaction, (ii) Breeze Merger Corporation, a Delaware corporation (the "Merger Corporation"), (iii) (a) BCP FC Aggregator L.P., (b) The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust, The Maddock 2015 Exempt Irrevocable Trust and Bryce Maddock, and (c) The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust, The Weir 2015 Exempt Irrevocable Trust and Jaspar Weir (the Filing Persons described in clause (iii), collectively, the "Continuing Stockholders"). The Merger Corporation and the Continuing Stockholders are Filing Persons of this Transaction Statement because they are affiliates of the Company under the SEC rules governing "going-private" transactions.

On May 8, 2025, the Company entered into an Agreement and Plan of Merger (as it may be amended from time to time, the "Merger Agreement") with the Merger Corporation, pursuant to which, subject to the terms and conditions thereof, the Merger Corporation will merge with and into the Company (the "Merger" and, together with the other transactions contemplated by the Merger Agreement, collectively, the "Transactions") with the Company surviving the Merger. The corporation surviving the Merger (the "Surviving Company") will be collectively owned, directly or indirectly, by the Continuing Stockholders and other holders of the Continuing Shares (as defined in the Proxy Statement attached hereto as Exhibit (a)(2)(i) and as incorporated herein by reference) (if any).

Subject to the terms and conditions set forth in the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) each share held in the treasury of the Company or owned by any direct or indirect wholly-owned subsidiary of the Company, which shall be automatically cancelled without any conversion thereof; (ii) each share (a) owned by the Merger Corporation, any direct or indirect wholly-owned subsidiary of the Merger Corporation or the Continuing Stockholders or, to the extent designated in writing by the Merger Corporation to the Company at least five business days prior to the Effective Time, any affiliate of the Merger Corporation or (b) in respect of which the holder thereof, the Merger Corporation and, prior to the receipt of the Company Stockholder Approvals (as defined below), the Company (acting at the direction of the Special Committee (as defined below)) have agreed following the date of the Merger Agreement that such shares will not be cancelled, which shall remain outstanding; and (iii) shares owned by stockholders of the Company who properly exercise appraisal rights under Delaware law) will, at the Effective Time, automatically be canceled and converted into the right to receive an amount in cash equal to $16.50 per share (the "Merger Consideration"), without interest.

In connection with the Merger Agreement, Blackstone Capital Partners VII L.P., a Delaware limited partnership, Blackstone Capital Partners Asia L.P., a Cayman Islands exempted limited partnership, and Blackstone Capital Partners Asia (Lux) SCSp, a Luxembourg special limited partnership (*société en commandite spéciale*) (collectively, the "Blackstone Funds") have committed to contribute or cause to be contributed, to the Merger Corporation an aggregate amount in cash up to $330 million, severally (and not jointly or jointly and severally) (the "Equity Commitment"), subject to the terms and conditions set forth in the equity commitment letter provided by the Blackstone Funds to the Merger Corporation, dated as of May 8, 2025 (the "Equity Commitment Letter").

Concurrently with the execution of the Merger Agreement, the Company entered into separate voting agreements (the "Voting Agreements") with each of the Continuing Stockholders, which, directly or indirectly,

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collectively beneficially owns approximately 53% of the outstanding shares and total voting power of the Company Class A Common Stock and 100% of the outstanding shares and total voting power of the Company Class B Common Stock, which represents approximately 82% of the outstanding shares of the Company Common Stock and approximately 97% of the total voting power of the Company Common Stock. Pursuant to the Voting Agreements, among other things, each Continuing Stockholder agreed to vote (or cause to be voted) or deliver (or cause to be delivered) any written consents with respect to, as applicable, all of the shares of Company Common Stock held by such Continuing Stockholder at the Special Meeting (and any adjournment or postponement thereof) in favor of the adoption of the Merger Agreement and approval of the Transactions, including the Merger.

Concurrently with the filing of this Schedule 13E-3, the Company is filing with the SEC a preliminary proxy statement (the "Proxy Statement") under Regulation 14A of the Exchange Act, relating to a special meeting of the stockholders of the Company (the "Special Meeting") at which the stockholders of the Company will consider and vote upon a proposal to adopt the Merger Agreement and the Transactions, including the Merger. The adoption of the Merger Agreement will require the affirmative vote of (i) the holders of a majority of the outstanding voting power of the Company Common Stock entitled to vote on the Merger Agreement Proposal (as defined in the Proxy Statement), voting together as a single class, (ii) the holders of a majority of the outstanding voting power of the Company Class A Common Stock entitled to vote on the Merger Agreement Proposal, voting as a separate class, (iii) the holders of a majority of the outstanding voting power of the Company Class B Common Stock entitled to vote on the Merger Agreement Proposal, voting as a separate class, and (iv) a majority of the votes cast by the Public Stockholders (as defined in the Proxy Statement) on the Merger Agreement Proposal (the requisite votes described in the preceding clauses (i)-(iv), together, the "Company Stockholder Approvals"). Under the Merger Agreement, the receipt of the Company Stockholder Approvals is a condition to the consummation of the Merger. As a result of the Continuing Stockholders' power to vote, or direct the voting of, a majority of the outstanding shares of Company Class A Common Stock, all of the outstanding shares of Company Class B Common Stock and the Voting Agreements, pursuant to which each of the Continuing Stockholders have agreed to vote their shares in favor of the adoption of the Merger Agreement, the Company Stockholder Approvals, other than the "Majority of the Minority Vote" described in clause (iv) of the definition thereof, are effectively assured. A copy of the Proxy Statement is attached hereto as Exhibit (a)(2)(i) and incorporated herein by reference. A copy of the Merger Agreement is attached hereto as Exhibit (d)(i) and is also included as Annex A to the Proxy Statement and incorporated herein by reference.

The board of directors of the Company (the "Board") established a special committee of the Board consisting only of independent and disinterested directors of the Company with respect to the Transactions (the "Special Committee") to, among other things, review and evaluate the Merger and, if the Special Committee deems appropriate, recommend to the Board that the Board approve the Merger and direct the Company to enter into definitive documents and agreements with respect to the Merger. The Special Committee unanimously determined that the Merger Agreement and Transactions are advisable, fair to "unaffiliated security holders" (as such term is defined under the Exchange Act) of the Company and in the best interests of the Company and its Public Stockholders and (b) recommended that the Board (i) approve the Merger Agreement and the Transactions, including the Merger, and (ii) recommend the adoption and approval of this Agreement and the Transactions, including the Merger, to the stockholders of the Company.

The Board, acting upon the recommendation of the Special Committee, by unanimous vote of those directors present at a special meeting of the Board held on May 8, 2025 (excluding the Continuing Stockholder Directors (as defined in the Proxy Statement), who did not participate), (i) determined and declared the Merger Agreement and the Transactions, including the Merger, on the terms and subject to the conditions set forth in the Merger Agreement, to be advisable, fair to "unaffiliated security holders" (as such term is defined under the Exchange Act) of the Company and in the best interests of the Company and its stockholders,

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including the Public Stockholders, (ii) approved and declared advisable the Merger Agreement and the Transactions, including the Merger, (iii) authorized and approved the execution, delivery and performance by the Company of the Merger Agreement and the consummation of the Transactions upon the terms and subject to the conditions set forth therein, (iv) authorized the officers of the Company to enter into the Merger Agreement and all other documents, certificates, agreements and instruments contemplated thereby on behalf of the Company and to do all things and take all actions necessary or advisable to consummate the Transactions and (v) recommended the adoption of the Merger Agreement by the stockholders of the Company.

The Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, including the receipt of the Company Stockholder Approvals.

The cross-references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required to be included in response to the items of Schedule 13E-3. Pursuant to General Instruction F to Schedule 13E-3, the information contained in the Proxy Statement, including all appendices thereto, is incorporated in its entirety herein by reference, and the responses to each item in this Schedule 13E-3 are qualified in their entirety by the information contained in the Proxy Statement and the appendices thereto.

As of the date hereof, the Proxy Statement is in preliminary form and is subject to completion and/or amendment. This Schedule 13E-3 will be amended to reflect such completion or amendment of the Proxy Statement. Capitalized terms used but not expressly defined in this Schedule 13E-3 shall have the respective meanings given to them in the Proxy Statement.

The information concerning the Company contained in, or incorporated by reference into this Schedule 13E-3 and the Proxy Statement was supplied by the Company. Similarly, all information concerning each other Filing Person contained in, or incorporated by reference into, this Schedule 13E-3 and the Proxy Statement was supplied by such Filing Person. No Filing Person, including the Company, is responsible for the accuracy of any information supplied by any other Filing Person.

**Item 1. Summary Term Sheet** 

The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

**Item 2. Subject Company Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Name and Address**. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

*"THE PARTIES TO THE MERGER"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Securities**. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"THE SPECIAL MEETING — Record Date and Stockholders Entitled to Vote"* 

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*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Beneficial Ownership of Common Stock by Management, Directors and Holders of 5% or More of Common Stock"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Market Price of Shares and Dividends"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Trading Market and Price**. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Market Price of Shares and Dividends"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Dividends**. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Market Price of Shares and Dividends"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Prior Public Offerings**. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Prior Public Offerings"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) Prior Stock Purchases**. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Certain Transactions in the Shares of Company Common Stock"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Past Contacts, Transactions, Negotiations and Agreements"* 

**Item 3. Identity and Background of Filing Person** 

**(a)–(c) Name and Address; Business and Background of Entities; Business and Background of Natural Persons.** TaskUs, Inc. is the subject company. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"THE PARTIES TO THE MERGER"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE MERGER CORPORATION AND THE CONTINUING STOCKHOLDERS"* 

*"WHERE YOU CAN FIND ADDITIONAL INFORMATION"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Beneficial Ownership of Holders of 5% or More of Company Common Stock, Directors and Executive Officers"* 

**Item 4. Terms of the Transaction** 

**(a)(1) Tender Offers**. Not Applicable.

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**(a)(2) Merger or Similar Transactions.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Certain Financial Forecasts"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Effects on the Company if the Merger Is Not Consummated"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Material U.S. Federal Income Tax Consequences of the Merger"* 

*"SPECIAL FACTORS — Litigation Relating to the Merger and the Transactions"* 

*"SPECIAL FACTORS — Regulatory Approvals in Connection with the Merger"* 

*"SPECIAL FACTORS — Delisting and Deregistration of Company Common Stock"* 

*"THE SPECIAL MEETING — Vote Required"* 

*"THE MERGER AGREEMENT"* 

*"THE VOTING AGREEMENTS"* 

*"DELISTING AND DEREGISTRATION OF COMMON STOCK"* 

*Annex A — Agreement and Plan of Merger* 

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Different Terms**. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"THE MERGER AGREEMENT — Consideration To Be Received in the Merger"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*"THE VOTING AGREEMENTS"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Appraisal Rights**. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Appraisal Rights"* 

*"THE SPECIAL MEETING — Appraisal Rights"* 

*Annex A — Agreement and Plan of Merger* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Provisions for Unaffiliated Security Holders.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

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*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Provisions for Unaffiliated Security Holders"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) Eligibility for Listing or Trading**. Not Applicable.

**Item 5. Past Contacts, Transactions, Negotiations and Agreements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Transactions.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"THE MERGER AGREEMENT"* 

*"THE VOTING AGREEMENTS"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Certain Transactions in the Shares of Company Common Stock"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Past Contacts, Transactions, Negotiations and Agreements"* 

*"WHERE YOU CAN FIND ADDITIONAL INFORMATION"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Significant Corporate Events.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

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*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"THE MERGER AGREEMENT"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*"THE VOTING AGREEMENTS"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Past Contacts, Transactions, Negotiations and Agreements"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Negotiations or Contacts.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Past Contacts, Transactions, Negotiations and Agreements"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Conflicts of interest.** Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Agreements Involving the Subject Company's Securities.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

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*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"THE MERGER AGREEMENT"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*"THE VOTING AGREEMENTS"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Certain Transactions in the Shares of Company Common Stock"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Past Contacts, Transactions, Negotiations and Agreements"* 

*"WHERE YOU CAN FIND ADDITIONAL INFORMATION"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

**Item 6. Purposes of the Transaction and Plans or Proposals** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Purposes.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

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*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Delisting and Deregistration of Company Common Stock"* 

*"DELISTING AND DEREGISTRATION OF COMMON STOCK"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Use of Securities Acquired.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Delisting and Deregistration of Company Common Stock"* 

*"THE MERGER AGREEMENT"* 

*"THE MERGER AGREEMENT — Consideration To Be Received in the Merger"* 

*"DELISTING AND DEREGISTRATION OF COMMON STOCK"* 

*Annex A — Agreement and Plan of Merger* 

**(c)(1)–(8) Plans**. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

------

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"SPECIAL FACTORS — Delisting and Deregistration of Company Common Stock"* 

*"THE MERGER AGREEMENT"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*"THE VOTING AGREEMENTS"* 

*"THE SPECIAL MEETING"* 

*"DELISTING AND DEREGISTRATION OF COMMON STOCK"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

**Item 7. Purposes, Alternatives, Reasons and Effects** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Purposes.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

------

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Alternatives.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Reasons.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*Annex E — Opinion of Evercore* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Effects.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Plans for the Company After the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"SPECIAL FACTORS — Effects on the Company if the Merger Is Not Consummated"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Material U.S. Federal Income Tax Consequences of the Merger"* 

*"SPECIAL FACTORS — Delisting and Deregistration of Company Common Stock"* 

*"THE MERGER AGREEMENT — Effects of the Merger"* 

*"THE MERGER AGREEMENT — Directors and Officers of the Surviving Company"* 

*"THE MERGER AGREEMENT — Consideration To Be Received in the Merger"* 

*"THE MERGER AGREEMENT — Excluded Shares"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*"THE MERGER AGREEMENT — Procedures for Receiving Merger Consideration"* 

*"THE MERGER AGREEMENT — Termination of Payment Fund"* 

*"THE MERGER AGREEMENT — Dissenting Shares"* 

*"THE MERGER AGREEMENT — Directors' and Officers' Indemnification and Insurance"* 

------

*"THE MERGER AGREEMENT — Fees and Expenses"* 

*"THE MERGER AGREEMENT — Withholding Taxes"* 

*"DELISTING AND DEREGISTRATION OF COMMON STOCK"* 

*Annex A — Agreement and Plan of Merger* 

**Item 8. Fairness of the Transaction** 

**(a)–(b) Fairness; Factors Considered in Determining Fairness.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"THE MERGER AGREEMENT — Directors' and Officers' Indemnification and Insurance"* 

*Annex E — Opinion of Evercore* 

The discussion materials prepared by Evercore Group L.L.C. ("Evercore") and provided to the Special Committee, dated March 13, 2025, April 8, 2025, April 18, 2025, April 18, 2025, April 24, 2025, May 1, 2025, May 7, 2025 and May 8, 2025, are attached hereto as Exhibit (c)(ii) through and including Exhibit (c)(ix) and are each incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Approval of Security Holders.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

------

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"THE MERGER AGREEMENT — Stockholders Meeting"* 

*"THE MERGER AGREEMENT — Conditions of the Merger"* 

*"THE SPECIAL MEETING — Record Date and Stockholders Entitled to Vote"* 

*"THE SPECIAL MEETING — Quorum"* 

*"THE SPECIAL MEETING — Vote Required"* 

*"THE SPECIAL MEETING — Voting Procedures"* 

*"THE SPECIAL MEETING — How Proxies Are Voted"* 

*"THE SPECIAL MEETING — Revocation of Proxies"* 

*Annex A — Agreement and Plan of Merger* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Unaffiliated Representative.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Approval of Directors.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

------

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) Other Offers.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"THE MERGER AGREEMENT — No Solicitation; Change in Board Recommendation"* 

*Annex A — Agreement and Plan of Merger* 

**Item 9. Reports, Opinions, Appraisals and Negotiations** 

**(a)–(c) Report, Opinion or Appraisal; Preparer and Summary of the Report, Opinion or Appraisal; Availability of Documents**. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference.

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

------

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"WHERE YOU CAN FIND ADDITIONAL INFORMATION"* 

*Annex E — Opinion of Evercore* 

The discussion materials prepared by Evercore and provided to the Special Committee, dated March 13, 2025, April 8, 2025, April 18, 2025, April 18, 2025, April 24, 2025, May 1, 2025, May 7, 2025 and May 8, 2025, are attached hereto as Exhibit (c)(ii) through and including Exhibit (c)(ix) and are each incorporated by reference herein.

The reports, opinions or appraisals referenced in this Item 9 are filed herewith or incorporated by reference herein and will be made available for inspection and copying at the principal executive offices of the Company during its regular business hours by any interested holder of Company Common Stock or representative who has been designated in writing, and copies may be obtained by requesting them in writing from the Company at the email address provided under the caption "*Where You Can Find Additional Information*" in the Proxy Statement, which is incorporated herein by reference.

**Item 10. Source and Amount of Funds or Other Consideration** 

**(a)-(b) Source of Funds; Conditions.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"THE MERGER AGREEMENT — Closing and Effective Time"* 

*"THE MERGER AGREEMENT — Covenants Regarding Conduct of Business by the Company Pending the Merger"* 

*"THE MERGER AGREEMENT — Financing Cooperation"* 

*"THE MERGER AGREEMENT — Conditions of the Merger"* 

*Annex A — Agreement and Plan of Merger* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Expenses.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Fees and Expenses"* 

------

*"THE MERGER AGREEMENT — Financing Cooperation"* 

*"THE MERGER AGREEMENT — Termination of the Merger Agreement"* 

*"THE MERGER AGREEMENT — Termination Fees"* 

*"THE MERGER AGREEMENT — Fees and Expenses"* 

*"THE SPECIAL MEETING — Solicitation of Proxies"* 

*Annex A — Agreement and Plan of Merger* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Borrowed Funds**.

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Financing of the Merger"* 

*"THE MERGER AGREEMENT — Financing Cooperation"* 

**Item 11. Interest in Securities of the Subject Company** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Securities Ownership.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"THE VOTING AGREEMENTS"* 

*"THE SPECIAL MEETING — Record Date and Stockholders Entitled to Vote"* 

*"THE SPECIAL MEETING — Quorum"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Beneficial Ownership of Common Stock by Management, Directors and Holders of 5% or More of Common Stock"* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Securities Transactions.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

------

*"THE MERGER AGREEMENT"* 

*"THE VOTING AGREEMENTS"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Certain Transactions in the Shares of Company Common Stock"* 

*Annex A — Agreement and Plan of Merger* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

**Item 12. The Solicitation or Recommendation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Intent to Tender or Vote in a Going-Private Transaction.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"THE VOTING AGREEMENTS"* 

*"THE SPECIAL MEETING — Record Date and Stockholders Entitled to Vote"* 

*"THE SPECIAL MEETING — Quorum"* 

*"THE SPECIAL MEETING — Voting by Company Directors, Executive Officers and Principal Securityholders"* 

------

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Beneficial Ownership of Common Stock by Management, Directors and Holders of 5% or More of Common Stock"* 

*Annex B — Voting Agreement, by and between the Company and BCP FC Aggregator L.P.* 

*Annex C — Voting Agreement, by and among the Company and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust* 

*Annex D — Voting Agreement, by and among the Company, Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) Recommendation of Others.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

**Item 13. Financial Statements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Financial Information.** The audited financial statements set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on March 6, 2025 (see pages 64 through 68 therein) and the unaudited condensed consolidated balance sheets, condensed consolidated statements of income, condensed consolidated statements of comprehensive income, condensed consolidated shareholders' equity and condensed consolidated statements of cash flows set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed on May 12, 2025 (see pages 3 through 7 therein) are incorporated herein by reference. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Certain Financial Forecasts"* 

*"SPECIAL FACTORS — Opinion of Evercore"* 

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Selected Historical Consolidated Financial Data"* 

------

*"OTHER IMPORTANT INFORMATION REGARDING THE COMPANY — Book Value per Share"* 

*"WHERE YOU CAN FIND ADDITIONAL INFORMATION"* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Pro Forma Information**. Not Applicable.

**Item 14. Persons/Assets, Retained, Employed, Compensated or Used** 

**(a)-(b) Solicitations or Recommendations; Employees and Corporate Assets.** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER"* 

*"THE SPECIAL MEETING"* 

*"SPECIAL FACTORS — Background of the Merger"* 

*"SPECIAL FACTORS — Recommendation of the Special Committee"* 

*"SPECIAL FACTORS — Recommendation of the Board"* 

*"SPECIAL FACTORS — Reasons for the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Company for the Merger"* 

*"SPECIAL FACTORS — Position of the Company as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Purpose and Reasons of the Continuing Stockholders for the Merger"* 

*"SPECIAL FACTORS — Position of the Continuing Stockholders as to the Fairness of the Merger"* 

*"SPECIAL FACTORS — Fees and Expenses"* 

*"THE MERGER AGREEMENT — Fees and Expenses"* 

*"THE SPECIAL MEETING — Solicitation of Proxies"* 

**Item 15. Additional Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

*"SUMMARY TERM SHEET"* 

*"SPECIAL FACTORS — Interests of the Company's Directors and Executive Officers in the Merger"* 

*"SPECIAL FACTORS — Certain Effects of the Merger"* 

*"THE MERGER AGREEMENT — Consideration To Be Received in the Merger"* 

*"THE MERGER AGREEMENT — Treatment of Company Equity Awards"* 

*Annex A — Agreement and Plan of Merger* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Other Material Information.** The entirety of the Proxy Statement, including all appendices thereto, is incorporated herein by reference.

**Item 16. Exhibits** 

The following exhibits are filed herewith:

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
|  (a)(2)(i) | [Preliminary Proxy Statement of TaskUs, Inc. (included in the Schedule 14A filed on July 1, 2025, and incorporated herein by reference) (the "Preliminary Proxy Statement").](http://www.sec.gov/Archives/edgar/data/1829864/000119312525153454/d111106dprem14a.htm) |
|  (a)(2)(ii) | [Form of Proxy Card (included in the Preliminary Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1829864/000119312525153454/d111106dprem14a.htm) |
|  (a)(2)(iii) | [Letter to Stockholders (included in the Preliminary Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1829864/000119312525153454/d111106dprem14a.htm) |
|  (a)(2)(iv) | [Notice of Special Meeting of Stockholders (included in the Preliminary Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1829864/000119312525153454/d111106dprem14a.htm) |
|  (a)(5)(i) | [Press Release, dated May 9, 2025 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed by TaskUs, Inc. with the Commission on May 9, 2025).](http://www.sec.gov/Archives/edgar/data/1829864/000095015725000378/ex99-1.htm) |
|  (c)(i) | [Opinion of Evercore, dated as of May 8, 2025 (included as Annex E to the Preliminary Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1829864/000119312525153454/d111106dprem14a.htm#rom111106_97) |
|  (c)(ii) | [Discussion materials prepared by Evercore, dated March 13, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cii.htm) |
|  (c)(iii) | [Discussion materials prepared by Evercore, dated April 8, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99ciii.htm) |
|  (c)(iv) † | [Discussion materials prepared by Evercore, dated April 18, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99civ.htm) |
|  (c)(v) | [Discussion materials prepared by Evercore, dated April 18, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cv.htm) |
|  (c)(vi) | [Discussion materials prepared by Evercore, dated April 24, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cvi.htm) |
|  (c)(vii) | [Discussion materials prepared by Evercore, dated May 1, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cvii.htm) |
|  (c)(viii) | [Discussion materials prepared by Evercore, dated May 7, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cviii.htm) |
|  (c)(ix) | [Discussion materials prepared by Evercore, dated May 8, 2025, for the Special Committee of the Board of Directors of TaskUs, Inc.](d947061dex99cix.htm) |
|  (d)(i) | [Agreement and Plan of Merger, dated May 8, 2025, by and between Breeze Merger Corporation and TaskUs, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by TaskUs, Inc. with the Commission on May 9, 2025).](http://www.sec.gov/Archives/edgar/data/1829864/000095015725000390/ex2-1.htm) |
|  (d)(ii) | [Voting Agreement, dated May 8, 2025, by and between TaskUs, Inc. and BCP FC Aggregator L.P. (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by TaskUs, Inc. with the Commission on May 9, 2025).](http://www.sec.gov/Archives/edgar/data/1829864/000095015725000390/ex10-1.htm) |
|  (d)(iii) | [Voting Agreement, dated May 8, 2025, by and among TaskUs, Inc. and Bryce Maddock, The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust and The Maddock 2015 Exempt Irrevocable Trust (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by TaskUs, Inc. with the Commission on May 9, 2025).](http://www.sec.gov/Archives/edgar/data/1829864/000095015725000390/ex10-2.htm) |

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| | |
|:---|:---|
|  (d)(iv) | [Voting Agreement, dated as of May 8, 2025, by and among TaskUs, Inc. and Jaspar Weir, The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust and The Weir 2015 Exempt Irrevocable Trust (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed by TaskUs, Inc. with the Commission on May 9, 2025).](http://www.sec.gov/Archives/edgar/data/1829864/000095015725000390/ex10-3.htm) |
|  (d)(v) | [Equity Commitment Letter, dated May 8, 2025, by and among Blackstone Capital Partners VII L.P., Blackstone Capital Partners Asia L.P., Blackstone Capital Partners Asia (Lux) SCSp and Breeze Merger Corporation.](d947061dex99dv.htm) |
| (f) | [Section 262 of the DGCL.](d947061dex99f.htm) |
| (g) | Not Applicable. |
| 107 | [Filing Fee Table.](d947061dexfilingfees.htm) |
|  † Certain portions of this exhibit have been redacted and separately filed with the SEC pursuant to a request for confidential treatment. | † Certain portions of this exhibit have been redacted and separately filed with the SEC pursuant to a request for confidential treatment. |

---

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**SIGNATURES** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **TASKUS, INC.** | **TASKUS, INC.** |
| By: | /s/ Balaji Sekar |
| Name: | Balaji Sekar |
| Title | Chief Financial Officer |

---

Date: July 1, 2025

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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **BREEZE MERGER CORPORATION** | **BREEZE MERGER CORPORATION** |
| By: | /s/ Amit Dalmia |
| Name: | Amit Dalmia |
| Title: | Authorized Signatory |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **BCP FC AGGREGATOR L.P.** | **BCP FC AGGREGATOR L.P.** |
|  By: BCP VII/BCP ASIA HOLDINGS MANAGER (CAYMAN) L.L.C., ITS GENERAL PARTNER | By: BCP VII/BCP ASIA HOLDINGS MANAGER (CAYMAN) L.L.C., ITS GENERAL PARTNER |
| By: | /s/ Robert Brooks |
| Name: | Robert Brooks |
| Title: | Authorized Signatory |

---

Date: July 1, 2025

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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
| **BRYCE MADDOCK** | **BRYCE MADDOCK** |
| By: | /s/ Bryce Maddock |

---

Date: July 1, 2025

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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE MADDOCK 2015 IRREVOCABLE TRUST** | **THE MADDOCK 2015 IRREVOCABLE TRUST** |
| By: | /s/ Bryce Maddock |
| Name: | Bryce Maddock |
| Title: | Business Trustee |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE BRYCE MADDOCK FAMILY TRUST** | **THE BRYCE MADDOCK FAMILY TRUST** |
| By: | /s/ Bryce Maddock |
| Name: | Bryce Maddock |
| Title: | Trustee |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE MADDOCK 2015 EXEMPT IRREVOCABLE TRUST** | **THE MADDOCK 2015 EXEMPT IRREVOCABLE TRUST** |
| By: | /s/ Bryce Maddock |
| Name: | Bryce Maddock |
| Title: | Business Trustee |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **JASPAR WEIR** | **JASPAR WEIR** |
| By: | /s/ Jaspar Weir |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE WEIR 2015 IRREVOCABLE TRUST** | **THE WEIR 2015 IRREVOCABLE TRUST** |
| By: | /s/ Jaspar Weir |
| Name: | Jaspar Weir |
| Title: | Business Trustee |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE JASPAR WEIR FAMILY TRUST** | **THE JASPAR WEIR FAMILY TRUST** |
| By: | /s/ Jaspar Weir |
| Name: | Jaspar Weir |
| Title: | Trustee |

---

Date: July 1, 2025

------

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **THE WEIR 2015 EXEMPT IRREVOCABLE TRUST** | **THE WEIR 2015 EXEMPT IRREVOCABLE TRUST** |
| By: | /s/ Jaspar Weir |
| Name: | Jaspar Weir |
| Title: | Business Trustee |

---

Date: July 1, 2025

## Ex-99.Cii

**Exhibit (c)(ii)**![LOGO](g947061dsp001.jpg)

Project Tiger Presentation to the Special Committee March 2025 Evercore

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![LOGO](g947061dsp002.jpg)

Confidential Project Tiger Evercore's Senior Team Dedicated To Tiger Evercore has assembled a team of highly experienced, complementary senior professionals committed to delivering independent advice and excellence in execution across all aspects of the assignment Technology & Business Services Advisory Industry leading advisors with deep sector knowledge and banking experience Seth Bergstein Senior Managing Director 30+ years of experience Sandeep Sharma Managing Director 25+ years of experience Bill Anderson Senior Managing Director 30+ years of experience James Steinau Managing Director 10+ years of experience Special Committee & Strategic Advisory Leading advisors on complex shareholder and governance issues and M&A Damien Fisher Senior Managing Director 15+ years of experience Will Hiltz Senior Managing Director 45+ years of experience Board & Special Committee Advisory #1 Special Committee Practice Roger Altman Founder, Senior Chairman 50+ years of experience Senior Leadership Providing senior leadership support Tiger 4

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![LOGO](g947061dsp003.jpg)

Confidential Project Tiger Key Questions for the Special Committee to Consider 1. How do we establish the right process and record? 2. What is the role of management in any process? 3. What does the current M&A environment look like in the sector? 4. What are the trends in LBOs in the sector? 5. How do the market and research community assess Tiger (the "Company")? 6. Is now the right time to sell the Company? 7. How does the Stockholders' bid compare to the Tiger's standalone value (including intrinsic value) and precedent transactions in the sector? 8. How should the Committee assess Tiger's shareholder base? 9. What other constituencies could complicate the transaction? 10. Proposal is conditioned on receiving approval from a majority of the minority shareholders 11. What other strategic alternatives should Tiger consider? Process Considerations Standalone Plan Valuation Other Considerations 2

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![LOGO](g947061dsp004.jpg)

Confidential Project Tiger Special Committee Process Considerations The workstreams that Evercore, as financial advisor to the Special Committee, will undertake will prove central in the Special Committee's fulfillment of its fiduciary duties to the Company's unaffiliated shareholders The Special Committee is formed to act in the best interests of the unaffiliated shareholders, exercising due care in its review and negotiation of a Proposed Transaction The Role of the Special Committee n Remain objective and maintain independence n Consider other strategic alternatives including remaining independent n Effectively negotiate on behalf of the Company and the unaffiliated shareholders „ Create negotiating leverage, where possible, and exercise bargaining power „ Make a good faith attempt to negotiate for the best possible price under arms-length terms n Exercise informed, thoughtful and deliberate decision making. This requires the Special Committee to: „ Consider all material information „ Be fully informed of all relevant factors and evaluate all appropriate information „ Retain and receive advice from outside experts, including legal / financial advisors and other parties deemed essential 3

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![LOGO](g947061dsp005.jpg)

Confidential Project Tiger Near-Term Action Plan Action Item n Complete thorough review and analysis of proposal n Define engagement strategy, timing and approach regarding potential interactions with Blackstone and / or advisors n Evaluate existing business plan, key value enhancing initiatives, and potential alternative courses of action Assess Proposal n Send preliminary information request list to management n Schedule subject-matter due diligence calls (financial, shareholder, and governance / compliance / legal) Due Diligence n Review Tiger's 5-year financial projections n Conduct intrinsic valuation analysis, including various cases and sensitivity analyses n Compare with market-based valuation analyses (trading comparables and precedent transactions) Valuation Analysis n Schedule shareholder assessment call to discuss recent engagement and feedback / perspectives n Refine shareholder engagement strategy n Review current and historical shareholder register evolution Shareholder Engagement n Review key transaction structuring issues, regulatory process requirements and key contractual elements n Develop advocacy perspectives Special Committee Negotiations 4

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![LOGO](g947061dsp006.jpg)

Confidential Project Tiger n Formally establish Special Committee n Schedule recurring call (Special Committee + advisors) n Submit preliminary information request list to Company n Schedule follow-up due diligence sessions as appropriate n Establish process timeline and target deliverable dates n Schedule call with Special Committee to provide update on due diligence, process, fiduciary duties under Delaware law and next steps Immediate Next Steps 1 2 3 4 5 5 6 Evercore

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![LOGO](g947061dsp007.jpg)

Confidential Appendix Evercore

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![LOGO](g947061dsp008.jpg)

Confidential Project Tiger Institutional Shareholder Summary Other Class A 20% Blackstone 52% Tiger Co- Founders 28% Class A Top 20 Institutional Shareholders Price (3/12/25): $13.14 Estimated Prem. / (Disc.) Position (% Outstanding) Rank Investor Style Cost Basis1 to Basis Current2 9/30/24 1 Think Investments Hedge Fund $14.18 (7.4) % 16.3 % 13.5 % 2 Fidelity Mgmt. & Research GARP 34.40 (61.8) 8.8 14.5 3 The Vanguard Group Index 47.32 (72.2) 8.2 8.7 4 Fidelity Mgmt. & Research GARP 11.94 10.1 5.5 14.5 5 Columbia Threadneedle Investment Core Value 13.84 (5.0) 4.8 4.8 6 Royce Investment Partners Deep Value 12.93 1.6 3.7 3.6 7 Fidelity Institutional Asset Mgmt. GARP 14.85 (11.5) 3.5 0.0 8 Dalton Investments Hedge Fund 11.55 13.8 3.4 3.7 9 Two Sigma Investments Hedge Fund 12.29 7.0 2.7 2.3 10 Renaissance Technologies Hedge Fund 12.18 7.9 2.5 2.5 11 Dimensional Fund Advisors Quasi-Index 14.25 (7.8) 2.4 2.4 12 Seldon Capital Aggres. Gr. 14.13 (7.0) 1.9 2.2 13 SG Securities Broker-Dealer 14.11 (6.9) 1.8 0.6 14 BlackRock Institutional Trust Index 49.43 (73.4) 1.7 2.0 15 D. E. Shaw & Co. Hedge Fund 11.26 16.7 1.6 2.0 16 MFS Invst. Mgmt. Core Growth 12.93 1.6 1.5 2.1 17 Sylebra Capital Hedge Fund 29.56 (55.5) 1.2 1.3 18 Marshall Wace Hedge Fund 11.69 12.4 1.2 1.6 19 Jacobs Levy Equity Mgmt. Aggres. Gr. 13.26 (0.9) 1.1 1.4 20 Geode Capital Mgmt. Index 49.62 (73.5) 1.0 1.0 Top 20 Total $20.29 (35.2) % 74.6 % 84.8 % Source: Refinitiv Eikon, Company filings, FactSet Note: Grey shading represents broker-dealer positions; blue shading denotes activist positions 1. Estimated cost basis is a per share item calculated as the summed product of the volume-weighted average price over the periods when shares were purchased and the increase in shares over these periods divided by the total number of shares purchased during the most recent period of continuous ownership since 6/30/2021 2. Data based on 12/31/24 13F filings and any subsequent 13Ds and 13Gs 3. Class A has 1 vote/share and Class B has 10 votes/share BX / Co-Founders: ~80% Class A Top 250 Institutional Holders Summary Economic Ownership Other Class A 3% Blackstone 65% Tiger Co- Founders 32% Voting Power3 Hedge Fund 37% Broker- Dealer 6% GARP 21% Index 14% Core Value 6% Deep Value 5% Core Growth 4% Other 7% BX / Co-Founders: ~98% 6

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![LOGO](g947061dsp009.jpg)

Confidential Project Tiger NAME / TITLE CONTACT INFORMATION Senior Leadership Email: Altman@Evercore.com Mobile: 917-613-3522 Roger Altman Founder and Senior Chairman Working Group List – Evercore COMPANY / ADDRESS 55 East 52nd Street Tel: 212-857-3100 New York, NY 10055 Technology Advisory Email: Nataraj@Evercore.com Mobile: 917-974-9003 Naveen Nataraj Co-Head of US Advisory, Senior Managing Director Email: Seth.Bergstein@Evercore.com Mobile: 212-767-9408 Seth Bergstein Senior Managing Director Email: Sandeep.Sharma@Evercore.com Mobile: 917-245-6178 Sandeep Sharma Senior Managing Director Email: John.Oh@Evercore.com Mobile: 917-328-8218 John Oh Associate Email: Noah.Lin@Evercore.com Mobile: 929-394-2814 Noah Lin Senior Analyst Special Committee Advisory Email: Hiltz@Evercore.com Mobile: 917-992-3093 Will Hiltz Senior Managing Director Email: William.Anderson@Evercore.com Mobile: 917-597-6195 Bill Anderson Senior Managing Director Email: Damien.Fisher@Evercore.com Mobile: 267-709-0254 Damien Fisher Senior Managing Director Email: Greg.Minogue@Evercore.com Mobile: 917-328-9857 Greg Minogue Vice President Email: Tino.Majoni@Evercore.com Mobile: 917-376-4053 Tino Majoni Associate Email: Julia.Adams@Evercore.com Mobile: 347-225-7085 Julia Adams Associate 7

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![LOGO](g947061dsp010.jpg)

Confidential Project Tiger These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tiger (the "Company") to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Company. These materials were compiled on a confidential basis for use of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. 10

## Ex-99.Ciii

**Exhibit (c)(iii)**![LOGO](g947061dsp011.jpg)

Project Breeze Discussion Materials April 8, 2025 Evercore

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![LOGO](g947061dsp012.jpg)

Situation Update ü On March 12th, 2025, Bravo and the co-founders of Tango (collectively, "Stakeholders"), sent a non-binding bid letter to the Board of Tango proposing to acquire 100% of the outstanding Class A shares of the Company not owned by Stakeholders for $16/sh in cash „ The proposal represents a 22% premium to closing price on 3/12/25 and a 29% premium to opening price on 4/7/25 ü On March 13th and 17th, members of the Evercore team, Tango and the Special Committee's counsel (Cravath) held several calls to discuss an overview of a potential transaction, process considerations, work to be performed and a general timeline ü On March 19th, Evercore held a call with members of Bravo and Tango's CEO, during which Bravo confirmed that they would not consider a sale to third parties and did not believe there would be any interested parties in Tango given ongoing uncertainty in the industry „ Tango's CEO also confirmed that he would not pursue a sale to a third-party ü On March 20th, Evercore, Cravath and members of the Special Committee held a call to report on Evercore's conversation with Bravo and Tango's CEO and to discuss process implications and next steps ü On March 21st and 27th, Evercore and Tango held due diligence discussions to review the information required for Evercore to perform its due diligence and evaluation of Stakeholders' proposal ü On March 24th, Evercore and the Company executed an NDA to begin sharing information „ On March 26th, a virtual data room was set up and subsequently populated by the Company (see next page for details) ü On March 31st, members of the Evercore and Tango teams held a due diligence meeting to review, among other things, a history of the Company, management's forecast assumptions and annual budgeting process, and key client relationships 2 Project Breeze

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![LOGO](g947061dsp013.jpg)

Summary of Information Shared by the Company As of April 8, 2025 ü Overview of Clients and Contracts „ Revenue breakout by industry / top client tiers; overview of revenue mix by contract type ü Go-to-Market Strategy and Sales „ Overview of historical win / renewal rates and current pipeline ü Overview of Delivery „ Historical and projected revenue breakdown by geography (2021-2027) ü Technology Investments „ Overview of core business, operations, product suite and client technology stack ü Financial Projections „ Historical budget vs. actuals (2021-2024) and 2025 budget; materials from recent Board meetings (2025 forecast, annual revenue trends by client) and Audit Committee meeting (capital allocation forecasts 2024-2028) „ Financial model with Base and Downside cases (2025-2028), capex overview (2024-2025); historical adjusted EBITDA and Net Income adjustments (2021-2024); service line revenue breakdown by client (2024-2025) ü Management, People and Stock-Based Compensation „ Headcount by geography, 2025 global seats projection; SBC award overview 3 Project Breeze

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![LOGO](g947061dsp014.jpg)

Diligence Session Agenda Summary March 31, 2025 ü Attendees: „ Tango: Bryce Maddock (CEO), Balaji Sekar (CFO), Sachin Verma (Vice President, FP&A)„ Cravath, Swaine & Moore: Claudia Ricciardi (Partner) „ Evercore: Will Hiltz (SMD), Damien Fisher (SMD), Seth Bergstein (SMD), Sandeep Sharma (SMD), Alex Kirshenbaum (VP), John Oh (Associate), Noah Lin (Analyst) ü Business Outlook and Strategy „ Evolution of industry and Tango, changes since IPO, long-term strategy, impact of AI / LLMs ü Evolution of Competitive Landscape „ Tango's right-to-win / competitive differentiation versus peers, strategies to sustain and build competitive differentiation, key competitors, AI impact on competitive landscape ü Clients and Contracts „ Overview of large clients, recent wins / losses / renewals, contract terms and pricing model ü Go-to-Market Strategy „ Strategy overview, sales organization / structure, compensation, KPIs and differences across service lines, cross sell / upsell success and initiatives ü Overview of Delivery „ Evolution of delivery strategy over time, geographical mix, impact of COVID / shift to work from home, management's view on delivery mix trends, impact of AI on delivery ü Technology Investments „ AI-related investments made and planned, current technology platform, ongoing AI initiatives and financial impact, overview of technology stack ü Management, People / Talent, Stock-Based Compensation and Other „ Recruitment strategy, time to ramp new projects, use of stock-based compensation, ongoing organizational changes„ Miscellaneous: strategic / sponsor counterparty interest, equity research coverage 4 Project Breeze

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![LOGO](g947061dsp015.jpg)

Key Preliminary Takeaways From Management Discussions Base Case does not reflect the impact of AI ü Base and Downside cases reflect management projections under different assumptions, initially provided to Evercore on 3/31/25 management shared an update with revised upward projections for 2025, and forecast figures through 2028, on 4/4/25 ü Downside Case reflects the impact of AI but does not fully reflect investments required ü Management stated that the Base Case is the upside case Company anticipates a shift in strategy to remain competitive ü New competitors likely to emerge ü Incumbents serving enterprise clients are at a disadvantage ü Need to develop technological capabilities to meet evolving client needs and win new clients ü Long-term competitive strategy is to be a differentiated, nimbler provider of AI-enabled service solutions to a more diversified set of verticals including Healthcare and Financial Services Significant investment required to prepare the Company for AI / Pace of change is uncertain ü Pace of change unknown and impact is difficult to quantify – will cause ongoing volatility in the sector ü Management suggested that as a public company, Tango would not be able to make the material upfront investments and cannibalize existing revenue as is necessary to compete due to disruption from AI ü Ability to invest as a public company is impacted by potential margin dilution, pressure on revenue, volatility and new competitors 5 Project Breeze

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![LOGO](g947061dsp016.jpg)

Base Case Financial Forecast Comparison Management Base Case received April 4th versus Latest Board Materials1 ($ in millions) Latest Board Materials1 Historical 20-Mar 5-Dec Base Case Received Apr 4th Comparison FYE December 31, 2023A 2024A 2025E 2026E 2027E 2028E 2025E 2026E 2027E 2028E 2025E 2026E 2027E Digital Customer Experience $606 $612 $664 $730 $725 $711 Trust and Safety 187 248 298 368 422 481 AI Services 132 135 191 234 267 305 Revenue $924 $995 $1,153 $1,250 $1,325 $1,153 $1,333 $1,414 $1,496 (0%) 7% 7% % Growth (4%) 8% 16% 8% 6% 16% 16% 6% 6% (0.1 pp) 7.2 pp 0.1 pp % Gross Margin 42% 39% 38% 39% 38% 38% 38% 37% 37% 0.0 pp (0.9 pp) (0.8 pp) Adj. EBITDA2 $221 $210 $243 $275 $291 $243 $280 $297 $315 (0%) 2% 2% % Margin 24% 21% 21% 22% 22% 21% 21% 21% 21% (0.0 pp) (1.0 pp) (0.9 pp) GAAP Net Income $46 $46 $84 $107 $117 $84 $103 $114 $125 (0%) (4%) (3%) % Margin 5% 5% 7% 9% 9% 7% 8% 8% 8% (0.0 pp) (0.8 pp) (0.8 pp) Free Cash Flow 3 $113 $100 $92 $142 $162 $174 % Margin 12% 10% 8% 11% 11% 12% Memo: Capex $31 $39 $62 $56 $53 $62 $53 $57 $60 (0%) (5%) 6% % of Revenue 3% 4% 5% 5% 4% 5% 4% 4% 4% (0.0 pp) (0.5 pp) (0.0 pp) (Increase) / Decrease in NWC ($12) $2 ($28) ($18) ($11) ($11) % of Change in Revenue 33% 3% (18%) (10%) (14%) (14%) Stock-Based Compensation $53 $42 $39 $39 $46 $49 $52 (0%) % of Revenue 6% 4% 3% 3% 3% 3% 3% (0.0 pp) Effective Tax Rate 39% 38% 37% 37% 37% 37% Source: 2025E figures per 3/20/25 Board Deck received from management; 2026E-2028E figures per 12/5/24 Board Deck received from management, Company Filings 1. Latest Board Materials include the Q1 2025 Board Meeting on March 20, 2025, and the 2025 Budget Meeting on December 5, 2024 2. Adj. EBITDA excludes the impact of stock-based compensation 3. Levered Free Cash Flow calculated as Cash Flow from Operations minus Capex; March 20th and December 5th Board Decks only included Adjusted FCF 6 Project Breeze

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![LOGO](g947061dsp017.jpg)

Overview of Tango Management Financial Forecasts (Received 4/4/25) ($ in millions) Base Case Downside Case "Business as Usual" Case "Automation Risk" Case Base Case CAGR Downside Case CAGR FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E Revenue $1,153 $1,333 $1,414 $1,496 9% Revenue $1,108 $1,043 $942 $885 (7%) % Growth 16% 16% 6% 6% % Growth 11% (6%) (10%) (6%) % Gross Margin 38% 38% 37% 37% % Gross Margin 38% 36% 35% 35% Adj. EBITDA $243 $280 $297 $315 9% Adj. EBITDA $228 $188 $151 $133 (16%) % Margin 21% 21% 21% 21% % Margin 21% 18% 16% 15% Capex $62 $53 $57 $60 (1%) Capex $57 $21 $19 $18 (32%) % of Revenue 5% 4% 4% 4% % of Revenue 5% 2% 2% 2% ü 9% '25E-'28E total revenue CAGR comprised of 17% CAGR ü (7%) '25E-'28E total revenue CAGR – ~60% of '25E DCX across Trust & Safety and AI Services and 2% CAGR in revenue lost by '28E, 9% CAGR across Trust & Safety and AI Digital Customer Experience (DCX) Services ü Steady 21% EBITDA margin based on continued 0.5% gross ü Accelerated margin erosion due to competitive market and margin erosion primarily from steady wage inflation and offset lower revenue growth by SG&A efficiencies ü '26E-'28E Capex is 2% of revenue ü '26E-'28E Capex is 4% of revenue Other Considerations ü During Evercore's 3/31/25 diligence meeting, the CEO highlighted a vision for Tango where it may pursue a plan as a private company that is different from management's Base Case ü This vision as a private company would include investing in AI as well as reshaping Tango's business and strategy: ¢ Invest heavily ("tens of millions") in technology and AI enhancement ¢ Cannibalize existing revenue to improve client value proposition and incentivize new clients to use Tango and enhance profitability 7 Project Breeze Source: Base and Downside cases based on management projections provided on 4/4/25, Company Filings Note: Financial forecast assumptions provided by management

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![LOGO](g947061dsp018.jpg)

Tango Management Financial Forecast Comparison ($ in millions) Base Broker Downside '24A—'27E Case Consensus Case % Delta vs. Base Case: CAGR (3%) (4%) (8%) (22%) (1%) (33%) (41%) $1,414 $1,496 9% $1,333 $1,225 $1,352 $1,153 $1,113 $995 $1,108 $1,043 Revenue 16% $942 $885 8% 16% 12% 10% 11% 10% % Growth 8% 6% 6% (1%) (6%) NA (6%) (10%) 2024A 2025E 2026E 2027E 2028E $528 $531 $551 $442 $437 $504 $479 8% $392 $420 GAAP $374 $333 $308 8% 38% 40% 38% 38% 41% 37% 41% 37% Gross Profit 39% 36% 35% % Margin 35% (4%) NA 2024A 2025E 2026E 2027E 2028E $297 $315 9% $280 $292 $243 $261 Adj. $233 $228 $210 $188 9% EBITDA1 $151 $133 21% 21% 21% 21% 21% 21% 18% 21% 22% 21% % Margin 16% NA 15% (8%) 2024A 2025E 2026E 2027E 2028E $174 $162 $162 13% $142 $141 $141 $119 Free Cash $100 $102 $102 $92 $91 13% Flow2 9% 8% 11% 12% 14% 11% 12% 13% 12% 12% 4% % Margin 10% 8% NA 2024A 2025E 2026E 2027E 2028E 8 Project Breeze Source: Base and Downside cases based on management projections provided on 4/4/25, Broker Research 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Represents Cash Flow from Operations minus Capex

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Customer Selected Publicly Traded Companies – Operating Metrics Tango Experience Companies 2025 Revenue $1,153 $1,108 $1,113 $11,877 $9,586 $2,707 $2,031 $542 ($mm) 15.7% 11.0% Peer Median: 1.7% Revenue 4.4% 2.4% 2.6% CAGR 0.9% NA (2024A-2026E) (5.3%) Tango Tango Tango (Base) (Downside) (Consensus) 38.3% 37.9% 39.6% 2025 Peer Median: 31.1% 36.2% 36.1% 31.1% 2025E 27.1% 22.3% GAAP Gross Margin Tango Tango Tango (Base) (Downside) (Consensus) 2025 Peer Median: 13.1% 21.1% 20.6% 21.0% 2025E Adj. 17.3% 16.3% 13.1% 10.8% 13.1% EBITDA1 Margin Tango Tango Tango 2 (Base) (Downside) (Consensus) 2 2025E 2025 Peer Median: 9.7% Adj. 15.7% 15.5% 15.6% 14.8% 13.7% 8.3% 9.7% EBITDA1 6.8% —Capex Margin Tango Tango Tango 2 2 (Base) (Downside) (Consensus) Source: Base and Downside cases based on management projections provided on 4/4/25, FactSet (4/4/25), Broker Research 9 Project Breeze 1. Adj. EBITDA excludes the impact of stock-based compensation Note: Teleperformance and Telus International adjusted from IFRS to U.S. GAAP – 2. Forward depreciation of right-of-use assets and lease interest expense for key adjustments include burdening EBITDA by depreciation of right-of-use assets and Teleperformance and Telus is assumed based on prior year as a % revenue lease interest expense; Telus International Adj. EBITDA is unburdened for stock-applied to forward consensus revenue based compensation to align with peers

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Customer Selected Publicly Traded Companies – Valuation Metrics Tango Experience Companies TEV 1 1 1 $1,337 $1,337 $1,337 $9,232 $7,963 $1,804 $1,122 $343 ($mm) 2025 Peer Median: 0.67x 1.2x 1.2x 1.2x 2025E 0.8x 0.8x 0.7x 0.6x 0.6x TEV / Revenue Tango Tango Tango (Base) (Downside) (Consensus) 2026 Peer Median: 0.70x 1.3x 2026E 1.0x 1.1x 0.8x 0.8x 0.6x 0.6x TEV / NA Revenue Tango Tango Tango (Base) (Downside) (Consensus) 2025 Peer Median: 5.1x 5.5x 5.9x 5.7x 2025E 4.5x 5.1x 5.1x 5.1x 4.8x TEV / Adj. EBITDA2 Tango Tango Tango 3 (Base) (Downside) (Consensus) 3 2026 Peer Median: 4.9x 7.1x 4.8x 5.1x 4.9x 4.8x 5.2x 2026E 4.3x TEV / Adj. EBITDA2 NA Tango Tango Tango 3 (Base) (Downside) (Consensus) 3 Source: Base and Downside cases based on management projections provided on 10 1. Tango FDSO based on latest available public filing (2024 10K) Project Breeze 4/4/25, FactSet (4/4/25), Broker Research 2. Adj. EBITDA excludes the impact of stock-based compensation Note: Teleperformance and Telus International adjusted from IFRS to U.S. GAAP – 3. Forward depreciation of right-of-use assets and lease interest expense for key adjustments include burdening EBITDA by depreciation of right-of-use assets and Teleperformance and Telus is assumed based on prior year as a % revenue lease interest expense; Telus International Adj. EBITDA is unburdened for stock-applied to forward consensus revenue based compensation to align with peers

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Tango Share Price Performance ($) Jun. 10, 2021 Share Price Performance 400% Announced pricing of IPO at $23.00 per share Customer Tango Experience Since 3 Months Ago (25%) 1% Oct. 25, 2021 Since 6 Months Ago 5% (11%) Announced closing of secondary offering at Since 1 Year Ago 17% (19%) $63.50 per share Since 2 Years Ago (5%) (62%) resulting in $765mm+ of 300% gross proceeds Since 3 Years Ago (68%) (75%) Since IPO1 (44%) (72%) Apr. 19, 2022 Nov. 30, 2022 Announced acquisition of OpenAI introduced Heloo, expanding ChatGPT Feb. 27, 2024 European operations Klarna announces that its 200% AI Assistant handled 2/3 of Jan. 7, 2025 customer service chats in Meta announced end of its first month third-party fact-checking Sep. 7, 2022 program Announced $100mm Share Repurchase Program 1 $23.00 100% $12.92 (44%) (72%) 0% Jun-21 Mar-22 Dec-22 Sep-23 Jun-24 Apr-25 Tango Earnings Company Specific Key Events Customer Experience Peers Key Events Sector Key Events 11 Project Breeze Source: FactSet (4/4/25), Company Filings, Press Releases Note: Customer Experience Peers include Teleperformance, Telus International, Concentrix, TTEC and IBEX 1. Chart begins at Tango's price of $23.00 on day of IPO (6/10/21)

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Historical Valuation Multiples TEV / NTM Adj. EBITDA1 54.0x TEV / NTM Adj. EBITDA Averages1 Tango (Consensus) Customer Experience Companies Current 5.5x Current 4.9x 45.0x 1-Year Average 6.5 1-Year Average 5.0 2-Year Average 6.2 2-Year Average 5.5 3-Year Average 7.3 3-Year Average 6.8 Since 7/1/212 11.0 Since 7/1/212 8.3 36.0x 27.0x 22.5x 18.0x 15.1x 9.0x 5.5x 4.9x 0.0x 2 Jul-21 Apr-22 Jan-23 Oct-23 Jul-24 Apr-25 Tango (Consensus) Customer Experience Companies Source: FactSet (4/4/25), Company Filings Note: Customer Experience Companies include Teleperformance, Telus International, Concentrix and IBEX 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Data begins on 7/1/21 due to unavailability of broker-reported Adj. EBITDA from IPO on 6/10/21 to 7/1/21 12 Project Breeze

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Potential Next Steps 1ü Schedule follow-up due diligence sessions 2ü Finalize preliminary valuation analysis based on management projections 3ü Establish process timeline and target deliverable dates 4ü Define ongoing engagement framework between the Company, Special Committee and advisors„ If warranted, prepare a response to Bravo 5ü Schedule shareholder assessment call to discuss recent engagement and perspectives 6ü Review potential transaction structuring, regulatory requirements and key contractual elements 13 Project Breeze

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Appendix Evercore

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Financial Summary – Preliminary Management Projections ($ in millions) Historical Base Case Downside Case Historical Base Down FYE December 31, 2023A 2024A 2025E 2026E 2027E 2028E 2025E 2026E 2027E 2028E '21E-'24A '25E-'28E CAGR Digital Customer Experience $606 $612 $664 $730 $725 $711 $623 $476 $343 $253 8% 2% (26%) Trust and Safety 187 248 298 368 422 481 294 343 363 383 14% 17% 9% AI Services 132 135 191 234 267 305 191 225 237 250 9% 17% 9% Revenue $924 $995 $1,153 $1,333 $1,414 $1,496 $1,108 $1,043 $942 $885 9% 9% (7%) % Growth (4%) 8% 16% 16% 6% 6% 11% (6%) (10%) (6%) % Gross Margin 42% 39% 38% 38% 37% 37% 38% 36% 35% 35% Adj. EBITDA 1 $221 $210 $243 $280 $297 $315 $228 $188 $151 $133 4% 9% (16%) % Margin 24% 21% 21% 21% 21% 21% 21% 18% 16% 15% GAAP Net Income $46 $46 $84 $103 $114 $125 $74 $56 $39 $32 NM 14% (24%) % Margin 5% 5% 7% 8% 8% 8% 7% 5% 4% 4% Free Cash Flow 2 $113 $100 $92 $142 $162 $174 $91 $141 $119 $102 NM 24% 4% % Margin 12% 10% 8% 11% 11% 12% 8% 14% 13% 12% Memo: Capex $31 $39 $62 $53 $57 $60 $57 $21 $19 $18 (13%) (1%) (32%) % of Revenue 3% 4% 5% 4% 4% 4% 5% 2% 2% 2% (Increase) / Decrease in NWC ($12) $2 ($28) ($18) ($11) ($11) ($22) $16 $15 $8 NM (26%) NM % of Change in Revenue 33% 3% (18%) (10%) (14%) (14%) (19%) (24%) (15%) (14%) Stock-Based Compensation $53 $42 $39 $46 $49 $52 $39 $36 $32 $31 (3%) 10% (8%) % of Revenue 6% 4% 3% 3% 3% 3% 4% 3% 3% 3% Effective Tax Rate 39% 38% 37% 37% 37% 37% 37% 37% 37% 37% Source: Base and Downside cases based on management projections provided on 4/4/25, Company Filings 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Levered Free Cash Flow calculated as Cash Flow from Operations minus Capex 15 Project Breeze

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Selected Publicly Traded Companies ($ in millions, expect per share data) Share % of Total Revenue Revenue Gross Profit Adj. EBITDA1 Growth Margin Margin TEV / Revenue TEV / Adj. EBITDA1 Price 52-Week Market Enterprise CAGR Company 4/4/25 High Cap Value CY24A CY25E '24A-'26E CY25E CY26E CY25E CY26E CY24A CY25E CY26E CY24A CY25E CY26E Tango (Base) $12.92 68.2% $1,266 2 $1,337 2 7.6% 15.9% 15.7% 38.3% 37.8% 21.1% 21.0% 1.3x 1.2x 1.0x 6.4x 5.5x 4.8x Tango (Downside) 7.6% 11.3% 2.4% 37.9% 35.8% 20.6% 18.0% 1.3 1.2 1.3 6.4 5.9 7.1 Tango (Consensus) 7.6% 11.9% 11.0% 39.6% 40.5% 21.0% 21.3% 1.3 1.2 1.1 6.4 5.7 5.1 Customer Experience Teleperformance $94.65 72.3% $5,836 $9,232 23.2% 5.1% 4.4% 27.1% 26.7% 17.3% 17.3% 0.8x 0.8x 0.8x 4.7x 4.5x 4.3x Concentrix 48.27 63.9% 3,292 7,963 31.3% (0.3%) 0.9% 36.2% NA 16.3% 16.6% 0.8 0.8 0.8 5.1 5.1 4.9 Telus 2.37 28.2% 701 1,804 (1.8%) 1.8% 2.6% 36.1% 35.9% 13.1% 13.4% 0.7 0.7 0.6 4.3 5.1 4.8 IBEX 23.34 85.5% 327 343 0.7% 4.3% NA 31.1% NA 13.1% NA 0.7 0.6 NA 5.1 4.8 NA Mean 62.5% 13.3% 2.8% 2.6% 32.6% 31.3% 15.0% 15.8% 0.7x 0.7x 0.7x 4.8x 4.9x 4.7x Median 68.1% 12.0% 3.1% 2.6% 33.6% 31.3% 14.7% 16.6% 0.7 0.7 0.8 4.9 4.9 4.8 Reference TTEC $4.06 43.1% $211 $1,122 (10.4%) (8.0%) (5.3%) 22.3% 22.7% 10.8% 10.9% 0.5x 0.6x 0.6x 5.5x 5.1x 5.2x Source: Base and Downside cases based on management projections provided on 4/4/25, Company filings, FactSet (4/4/25), Broker Research Note: TTEC is included as a reference but excluded from analysis given the Company's 9/30/24 announcement of its intent to go private 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Tango FDSO based on latest available public filing (2024 10K) 16 Project Breeze

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

## Ex-99.Civ

**Exhibit (c)(iv)**![LOGO](g947061dsp028.jpg)

[\*\*\*] indicates information has been omitted on the basis of a confidential treatment request pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. This information has been filed separately with the Securities and Exchange Commission. Project Breeze Discussion Materials April 18, 2025 Evercore

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Situation Update On March 12th, 2025, Bravo and the co-founders of Tango (collectively, "Stakeholders"), sent a non-binding bid letter to the Board of Tango proposing to acquire 100% of the outstanding Class A shares of the Company not owned by Stakeholders for $16/sh in cash „ The proposal represents a 22% premium to closing price on 3/12/25 and a 23% premium to closing price on 4/17/25 On March 13th and 17th, members of the Evercore team, Tango and the Special Committee's counsel (Cravath) held several calls to discuss an overview of a potential transaction, process considerations, work to be performed and a general timeline On March 19th, Evercore held a call with members of Bravo and Tango's CEO, during which Bravo confirmed that they would not consider a sale to third parties and did not believe there would be any interested parties in Tango given ongoing uncertainty in the industry „ Tango's CEO also confirmed that he would not pursue a sale to a third party On March 20th, Evercore, Cravath and the Special Committee held a call to report on Evercore's conversation with Bravo and Tango's CEO and to discuss process implications and next steps On March 21st and 27th, Evercore and Tango held due diligence discussions to review the information required for Evercore to perform its due diligence and evaluation of Stakeholders' proposal On March 24th, Evercore and the Company executed an NDA to begin sharing information„ On March 26th, a virtual data room was set up and subsequently populated by the Company On March 31st, members of Evercore and Tango held a due diligence meeting to review, among other things, a history of the Company, Management's forecast assumptions and annual budgeting process, and key client relationships On April 8th Evercore, Cravath and the Special Committee held a call to discuss Base and Downside Case financial forecasts received from Management, process timing, and next steps 2 Project Breeze

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Situation Update (Con't) On April 10th, Evercore and Tango held a call to confirm several items related to financial forecasts received to date „ Tango provided supplemental analysis to reconcile the 2025E budget GAAP Net Income of $94.1 million (originally shared with the Board in the 12/5/24 Budget presentation) with the updated 2025E forecast GAAP Net Income of $84.3 million (shared with the Board in the 3/20/25 Compensation Committee Meeting presentation) On April 15th, Evercore shared initial 2029E and perpetuity extrapolations for the Base Case with Tango for validation, which were informed by prior discussions with Tango, along with confirmation of Fully Diluted Shares Outstanding ("FDSO") figures originally shared on 4/4/25 „ On April 15th, Evercore and Tango held a call to discuss the materials shared by Evercore On April 16th, Evercore and Tango held a call to continue discussions related to the Base Case 2029E and perpetuity extrapolations „ On April 16th, Tango provided revised extrapolations, revised Downside Case Capex figures, and supplemental materials on FDSO „ On April 16th, Evercore also received a "Blended Case" from Tango, which is not included for the purpose of the present preliminary analysis. The "Blended Case" reflects the 2025E figures included in Tango's 3/20/25 Q1 2025 Board presentation, and the 2026-2027E figures included in Tango's 12/5/24 2025 Budget presentation, and Management extrapolations for 2028-2029E Based on the materials provided, Evercore has prepared a preliminary analysis with the following cases: „ Case A with Initial Extrapolation – reflects figures from Tango Management's Base Case provided to Evercore on 4/4/25 with initial extrapolations informed by prior discussions with Tango Management „ Case A with Revised Extrapolation – reflects figures from Tango Management's Base Case provided to Evercore on 4/4/25 with revised extrapolations from Tango Management on 4/16/25 „ Case B – reflects figures from Tango Management's Downside Case provided to Evercore on 4/4/25 with the addition of extrapolations from Tango Management and revised Capex figures received by Evercore on 4/16/25 3 Project Breeze

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**Table of Contents** Section Preliminary Review of Financial Projections I Company and Peer Benchmarking Analysis II Preliminary Valuation Analysis III Appendix Evercore Project Breeze

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Preliminary Review of Financial Projections Evercore

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Review of Financials Presented to Special Committee on 4/8/25 Management Case A received April 4th versus Latest Board Materials1 ($ in millions) Latest Board Materials1 Historical 20-Mar 4-Mar Case A Received 4-Apr Comparison FYE December 31, 2023A 2024A 2025E 2026E 2027E 2028E 2025E 2026E 2027E 2028E 2025E 2026E 2027E Digital Customer Experience $606 $612 $664 $730 $725 $711 Trust and Safety 187 248 298 368 422 481 AI Services 132 135 191 234 267 305 Revenue $924 $995 $1,153 $1,250 $1,325 $1,153 $1,333 $1,414 $1,496 (0.0%) 6.6% 6.7% % Growth (4%) 8% 16% 8% 6% 16% 16% 6% 6% (0.1 pp) 7.2 pp 0.1 pp % Gross Margin 42% 39% 38% 39% 38% 38% 38% 37% 37% 0.0 pp (0.9 pp) (0.8 pp) Adj. EBITDA2 $221 $210 $243 $275 $291 $243 $280 $297 $315 (0.0%) 1.9% 2.2% % Margin 24% 21% 21% 22% 22% 21% 21% 21% 21% (0.0 pp) (1.0 pp) (0.9 pp) GAAP Net Income $46 $46 $84 $107 $117 $84 $103 $114 $125 (0.0%) (3.5%) (2.6%) % Margin 5% 5% 7% 9% 9% 7% 8% 8% 8% (0.0 pp) (0.8 pp) (0.8 pp) Free Cash Flow 3 $113 $100 $92 $142 $162 $174 % Margin 12% 10% 8% 11% 11% 12% Memo: Capex $31 $39 $62 $564 $534 $62 $53 $57 $60 (0.0%) (5.4%) 5.9% % of Revenue 3% 4% 5% 5% 4% 5% 4% 4% 4% (0.0 pp) (0.5 pp) (0.0 pp) (Increase) / Decrease in NWC ($12) $2 ($28) ($18) ($11) ($11) % of Change in Revenue 33% 3% (18%) (10%) (14%) (14%) Stock-Based Compensation $53 $42 $39 $39 $46 $49 $52 (0.3%) % of Revenue 6% 4% 3% 3% 3% 3% 3% (0.0 pp) Effective Tax Rate 39% 38% 37% 37% 37% 37% Source: Tango Management estimates received 4/4/25, 3/20/25 Tango Q1 2025 Board presentation; 3/4/25 Tango Compensation Committee Meeting presentation, 12/5/24 Tango 2025 Budget presentation, Company Filings 1. 2025E figures per 3/20/25 Tango Q1 2025 Board presentation, 2026-2027E Revenue, Adj. EBITDA, GAAP Net Income per 3/4/25 Tango Compensation Committee Meeting presentation, 2026-2027E Capex per 12/5/24 Tango 2025 Budget presentation 2. Adj. EBITDA excludes the impact of stock-based compensation 3. Levered Free Cash Flow calculated as Cash Flow from Operations minus Capex; 3/20/25 and 12/5/24 Tango Board presentations only included Adjusted FCF 4. Per 12/5/24 Tango 2025 Budget presentation 6 Project Breeze

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Provided in Board II Provided by Tango 2025E GAAP Net Income Reconciliation I 1 2 materials (3/20/25) Management on 4/10/25 December 5th 2025 Budget Presentation vs. March 20th Q1 2025 Board Presentation I 5-Dec-24 20-Mar-25 Delta ($) Management Commentary Budget Adj. EBITDA $253.0 $253.0 -One Time (1.2) (1.2) (-) [\*\*\*] [\*\*\*] [\*\*\*]—[\*\*\*] (-) [\*\*\*] [\*\*\*] [\*\*\*]—[\*\*\*] (-) BCG (0.3) (0.3) Investment (7.6) (7.6) (-) Physical Security (3.3) (3.3)—Additional physical security added across geos (-) Infosec Investment (3.5) (3.5) (-) New Sites (0.8) (0.8)—Additional site in India & CO Business Change (4.4) (4.4) (-) [\*\*\*] [\*\*\*] [\*\*\*]—[\*\*\*]—[\*\*\*] (-) [\*\*\*] [\*\*\*] [\*\*\*] (+) Revenue Change 0.9 0.9—Based on hedge accounting 50% cost hedged & 50% based on (+) Macro—FX 4.9 4.9 forecasted FX depreciation of PHP, INR & MXP (-) Others (1.4) (1.4)—[\*\*\*] Adj. EBITDA Forecast $253.0 $243.3 ($9.7) II BITDA Forecast $219.7 $209.8 ($9.8) (-) Depreciation (35.7) (37.5) (1.8)—Impact from increased Capex (-) Amortization of Intangible Assets (19.9) (19.9) -(-) Financing Expense (19.3) (18.6) 0.7 EBT $144.8 $133.8 (11.0) (-) Provision for Income Taxes (50.7) (49.5) 1.3—Impact of lower EBT partially offset by higher tax rate forecast Effective Tax Rate 35.0% 37.0%—Increase in tax rate based on latest forecast I AAP Net Income $94.1 $84.3 ($9.7) 7 Project Breeze Source: Figures based on 3/20/25 Tango Q1 2025 Board presentation, 12/5/24 Tango 2025 Budget presentation and EBITDA to GAAP Net Income reconciliation from Tango Management on 4/10/25 1. Budget Adj. EBITDA to Forecast Adj. EBITDA bridge provided in the 3/20/25 Tango Q1 2025 Board presentation 2. Supplemental analysis on EBITDA forecast to GAAP Net Income bridge provided by Tango Management on 4/10/25

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Overview of Tango Management Financial Forecasts (Received 4/4/25) ($ in millions) A Case A B Case B Case A CAGR Case B CAGR FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E Revenue $1,153 $1,333 $1,414 $1,496 9% Revenue $1,108 $1,043 $942 $885 (7%) % Growth 16% 16% 6% 6% % Growth 11% (6%) (10%) (6%) % Gross Margin 38% 38% 37% 37% % Gross Margin 38% 36% 35% 35% Adj. EBITDA $243 $280 $297 $315 9% Adj. EBITDA $228 $188 $151 $133 (16%) % Margin 21% 21% 21% 21% % Margin 21% 18% 16% 15% Capex $62 $53 $57 $60 (1%) Capex (4/4/25) $57 $21 $19 $18 (32%) % of Revenue 5% 4% 4% 4% % of Revenue 5% 2% 2% 2% Capex (4/16/25) $62 $42 $38 $27 (25%) % of Revenue 6% 4% 4% 3% 9% '25E-'28E total revenue CAGR comprised of 17% CAGR across Trust & Safety and AI Services and 2% CAGR in (7%) '25E-'28E total revenue CAGR – ~60% of '25E DCX Digital Customer Experience (DCX) revenue lost by '28E, 9% CAGR across Trust & Safety and AI Steady 21% EBITDA margin based on continued 0.5% gross Services margin erosion primarily from steady wage inflation and offset Accelerated margin erosion due to competitive market and by SG&A efficiencies lower revenue growth '26E-'28E Capex is 4% of revenue Initial (4/4/25) Case B Capex forecast revised by Tango Management on 4/16/25 Other Considerations During Evercore's 3/31/25 diligence meeting, the CEO highlighted a vision for Tango where it may pursue a plan as a private company that is different from Case A This vision as a private company would include investing in AI as well as reshaping Tango's business and strategy: ¢ Invest heavily ("tens of millions") in technology and AI enhancement ¢ Cannibalize existing revenue to improve client value proposition and incentivize new clients to use Tango and enhance profitability Source: Tango Management estimates received 4/4/25, Other Considerations per 3/31/25 diligence discussion with Tango Management, Tango Management Case B Capex forecast received 4/16 8 Project Breeze

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Management Financials A Case A with Initial Extrapolation ($ in millions) Case A Received April 4th; Initial Extrapolations Informed by Discussions with Tango on March 31st – April 10th Unlevered Free Cash Flow Summary 2029E Extrapolation Management Forecast Extrapolation Revenue growth steps down to 5% Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Adjusted EBITDA Margin remains flat at 21% margin Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,567 $1,567 Stock-Based Compensation and Depreciation % Growth 16% 16% 6% 6% 5% remain flat at 3% of revenue Adj. EBITDA1 $210 $243 $280 $297 $315 $330 $330 Capex remains of revenue % Margin 21% 21% 21% 21% 21% 21% 21% flat at 4% Amortization remains flat at $20mm (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) % of Revenue 3% 3% 3% 3% 3% 3% Other Pre-Tax Adjustments remain equal to $0 Adj. EBITDA (SBC-burdened) $205 $234 $249 $263 $276 $276 Change in Net Working Capital remains flat at 14% % Margin 18% 18% 18% 18% 18% 18% of change in revenue (-) Depreciation (38) (43) (46) (49) (51) (51) Effective Tax Rate remains flat at 37% % of Revenue 3% 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Perpetuity Assumptions 2 (-) Other Pre-Tax Adjustments 2 (1) — —— Adjusted EBITDA Margin remains flat relative to EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $204 $224 2028E and 2029E at 21% margin % Margin 13% 13% 13% 13% 13% 14% Stock-Based Compensation and Depreciation (-) Unlevered Taxes (54) (63) (68) (72) (76) (83) remain flat at 3% of revenue % Tax Rate 37% 37% 37% 37% 37% 37% Capex decreases to $51mm in perpetuity, matching NOPAT3 $92 $108 $115 $122 $129 $141 perpetuity Depreciation levels (+) Depreciation 38 43 46 49 51 51 Amortization of Intangibles and Other Pre-Tax (+) Amortization of Intangibles 20 20 20 20 20—Adjustments equal to $0 in perpetuity (-) Capital Expenditures (62) (53) (57) (60) (63) (51) % of Revenue 5% 4% 4% 4% 4% 3% Change in Net Working Capital remains flat at 14% (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (10) (9)4 of change in revenue % of Change in Revenue 18% 10% 14% 14% 14% 14% Effective Tax Rate remains flat at 37% Unlevered FCF (SBC-burdened)5 $60 $100 $113 $120 $127 $133 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations discussed between 3. Represents GAAP Net Income plus tax-affected net interest expense 3/31/25-4/10/25, Company Filings 4. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango 1. Adj. EBITDA excludes the impact of stock-based compensation Management guidance 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense and $2mm foreign exchange 5. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If gain SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 9 Project Breeze

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Management Financials A Case A with Revised Extrapolation ($ in millions) Case A Received April 4th; Revised Extrapolations Received on April 16th Unlevered Free Cash Flow Summary 2029E Extrapolation Management Forecast Extrapolation Revenue growth steps down to 4% Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Adjusted EBITDA Margin steps down to 19.5% Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,556 $1,556 Stock-Based Compensation and Depreciation % Growth 16% 16% 6% 6% 4% remain flat at 3% of revenue Adj. EBITDA1 $210 $243 $280 $297 $315 $303 $280 remains flat 4% of revenue % Margin 21% 21% 21% 21% 21% 20% 18% Capex at Amortization remains flat at $20mm (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) % of Revenue 3% 3% 3% 3% 3% 3% Other Pre-Tax Adjustments remain equal to $0 Adj. EBITDA (SBC-burdened) $205 $234 $249 $263 $250 $226 Change in Net Working Capital remains flat at 14% % Margin 18% 18% 18% 18% 16% 15% of change in revenue (-) Depreciation (38) (43) (46) (49) (51) (57) Effective Tax Rate remains flat at 37% % of Revenue 3% 3% 3% 3% 3% 4% (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Perpetuity Assumptions 2 (-) Other Pre-Tax Adjustments 2 (1) — —— Adjusted EBITDA Margin steps down to 18% in EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $179 $169 perpetuity % Margin 13% 13% 13% 13% 12% 11% Stock-Based Compensation remains flat at 3% of (-) Unlevered Taxes (54) (63) (68) (72) (66) (63) revenue % Tax Rate 37% 37% 37% 37% 37% 37% Capex remains flat at 4% of revenue, terminal NOPAT3 $92 $108 $115 $122 $113 $107 Depreciation equal to $57 (+) Depreciation 38 43 46 49 51 57 Amortization of Intangibles and Other Pre-Tax (+) Amortization of Intangibles 20 20 20 20 20—Adjustments equal to $0 in perpetuity (-) Capital Expenditures (62) (53) (57) (60) (62) (62) % of Revenue 5% 4% 4% 4% 4% 4% Change in Net Working Capital remains flat at 14% (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (8) (9)4 of change in revenue % of Change in Revenue 18% 10% 14% 14% 14% 14% Effective Tax Rate remains flat at 37% Unlevered FCF (SBC-burdened)5 $60 $100 $113 $120 $113 $93 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, 3. Represents GAAP Net Income plus tax-affected net interest expense Company Filings 4. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango 1. Adj. EBITDA excludes the impact of stock-based compensation Management guidance 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense and $2mm foreign exchange 5. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If gain SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 10 Project Breeze

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Management Financials B Case B ($ in millions) Case B Received April 4th; Extrapolations Received on April 16th Unlevered Free Cash Flow Summary 2029E Extrapolation Management Forecast Extrapolation Revenue decline reduces to (2%) Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Adjusted EBITDA Margin steps down to 14% Revenue $995 $1,108 $1,043 $942 $885 $867 $867 Stock-Based Compensation and Depreciation % Growth 11% (6%) (10%) (6%) (2%) remain flat at 3% of revenue Adj. EBITDA1 $210 $228 $188 $151 $133 $121 $139 3% of revenue % Margin 21% 21% 18% 16% 15% 14% 16% Capex remains flat at Amortization remains flat at $20mm (-) Stock-Based Compensation (39) (36) (32) (31) (30) (30) % of Revenue 4% 3% 3% 3% 3% 3% Other Pre-Tax Adjustments remain equal to $0 Adj. EBITDA (SBC-burdened) $189 $152 $119 $102 $92 $109 Change in Net Working Capital remains flat at 14% % Margin 17% 15% 13% 12% 11% 13% of change in revenue (-) Depreciation (36) (34) (31) (29) (28) (23) Effective Tax Rate remains flat at 37% % of Revenue 3% 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Perpetuity Assumptions 2 (-) Other Pre-Tax Adjustments 2 (3) — —— Adjusted EBITDA Margin normalizes at 16% in EBIT (SBC, Amort-burdened) $130 $98 $68 $54 $43 $86 perpetuity % Margin 12% 9% 7% 6% 5% 10% Stock-Based Compensation remains flat at 3% of (-) Unlevered Taxes (48) (36) (25) (20) (16) (32) revenue % Tax Rate 37% 37% 37% 37% 37% 37% Capex remains flat at 3% of revenue, terminal NOPAT3 $82 $62 $43 $34 $27 $54 Depreciation equal to $23 (+) Depreciation 36 34 31 29 28 23 Amortization of Intangibles and Other Pre-Tax (+) Amortization of Intangibles 20 20 20 20 20—Adjustments equal to $0 in perpetuity (-) Capital Expenditures4 (62) (42) (38) (27) (26) (26) % of Revenue 6% 4% 4% 3% 3% 3% Change in Net Working Capital remains flat at 14% (-) (Increase) / Decrease in NWC (22) 16 15 8 2 (4)5 of change in revenue % of Change in Revenue 19% 24% 15% 14% 14% 14% Effective Tax Rate remains flat at 37% Unlevered FCF (SBC-burdened)6 $54 $90 $71 $64 $52 $47 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, 4. Revised Case B Capex forecast received from Tango Management on 4/16 Company Filings 5. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango 1. Adj. EBITDA excludes the impact of stock-based compensation Management guidance 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense 6. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If 3. Represents GAAP Net Income plus tax-affected net interest expense SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 11 Project Breeze

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II. Company and Peer Benchmarking Analysis Evercore

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Tango Management Financial Forecast Comparison ($ in millions) Broker '24A—'27E Case A Case B Consensus % Delta vs. Case A: CAGR (3%) (4%) (8%) (22%) (1%) (33%) (41%) $1,414 $1,496 9% $1,333 $1,225 $1,352 $1,153 $1,113 $995 $1,108 $1,043 Revenue 16% $942 $885 8% 16% 12% 10% 11% 10% % Growth 8% 6% 6% (1%) (6%) NA (6%) (10%) 2024A 2025E 2026E 2027E 2028E $528 $531 $551 $442 $437 $504 $479 8% $392 $420 GAAP $374 $333 $308 8% 38% 40% 38% 38% 41% 37% 41% 37% Gross Profit 39% 36% 35% % Margin 35% (4%) NA 2024A 2025E 2026E 2027E 2028E $297 $315 9% $280 $292 $243 $261 Adj. $233 $228 $210 $188 9% EBITDA1 $151 $133 21% 21% 21% 21% 21% 21% 18% 21% 22% 21% % Margin 16% NA 15% (8%) 2024A 2025E 2026E 2027E 2028E $174 $162 $162 13% $142 $141 $120 Free Cash $100 $102 $100 $92 $86 $84 13% Flow2 8% 9% 8% 11% 12% 11% 11% 12% 11% 12% 9% (0)% % Margin 10% NA 2024A 2025E 2026E 2027E 2028E 13 Project Breeze Source: Tango Management estimates received 4/4/25, Broker Research Note: Consensus figures reflect median of Broker estimates 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Represents Cash Flow from Operations minus Capex; 2025E-2028E Case B Capex figures revised by Management on 4/16/25 from original estimates received on 4/4/25

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Selected Publicly Traded Companies – Operating Metrics Customer Experience Companies 2025E Revenue $1,153 $1,108 $1,113 $12,236 $9,586 $2,769 $2,031 $542 ($mm) 15.7% Peer Median: 2.1% 11.0% Revenue 3 3.7% 2.4% 3.3% CAGR 0.9% NA (2024A-2026E) (5.3%) Tango Tango Tango Case A Consensus Case B 38.3% 39.6% 37.9% 2025E Peer Median: 31.1% 36.2% 36.1% 31.1% 2025E 27.2% 22.3% GAAP Gross Margin Tango Tango Tango Case A Consensus Case B 2025E Peer Median: 13.1% 21.1% 21.0% 20.6% 2025E Adj. 17.4% 16.3% 13.1% 10.8% 13.1% EBITDA1 Margin Tango Tango Tango 2,3 Case A Consensus Case B 2 2025E Peer Median: 9.7% 2025E 15.7% 15.6% 15.0% 14.9% Adj. 13.7% 8.3% 9.7% 6.8% EBITDA1 —Capex Margin Tango Tango Tango 4 2,3 2 Case A Consensus Case B Source: Tango Management estimates received 4/4/25, FactSet (4/17/25), Note: Consensus figures reflect median of Broker estimates Project Breeze Broker Research 14 1. Adj. EBITDA excludes the impact of stock-based compensation Note: Teleperformance and TELUS International adjusted from IFRS to U.S. 2. Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS International is assumed GAAP – key adjustments include burdening EBITDA by depreciation of right-of- based on prior year as a % revenue applied to forward consensus revenue use assets and lease interest expense; TELUS International Adj. EBITDA is 3. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 unburdened for stock-based compensation to align with other companies shown 4. 2025E Capex for Case B revised by Management on 4/16/25 from original estimates received on 4/4/25

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Selected Publicly Traded Companies – Valuation Metrics Customer Experience Companies TEV 1 1 1 $1,299 $1,299 $1,299 $10,223 $7,822 $1,817 $1,097 $342 ($mm) 2025E Peer Median: 0.66x 1.1x 1.2x 1.2x 2025E 0.8x 0.8x 0.7x 0.6x 0.5x TEV / Revenue Tango Tango Tango Case A Consensus Case B 2026E Peer Median: 0.72x 2026E 1.0x 1.1x 1.2x 0.8x 0.8x 0.6x 0.6x TEV / NA Revenue Tango Tango Tango Case A Consensus Case B 2025E Peer Median: 5.0x 5.3x 5.6x 5.7x 2025E 4.8x 5.0x 5.0x 5.0x 4.8x TEV / Adj. EBITDA2 Tango Tango Tango 3,4 Case A Consensus Case B 3 2026E Peer Median: 4.8x 6.9x 4.6x 5.0x 4.6x 4.8x 4.8x 5.1x 2026E TEV / Adj. NA EBITDA2 Tango Tango Tango 3,4 Case A Consensus Case B 3 Source: Tango Management estimates received 4/4/25, FactSet (4/17/25), Broker Research 1. Class A and Class B shares outstanding, RSUs, PSUs and options outstanding as of 2/28/25 per Tango Note: Teleperformance and TELUS International adjusted from IFRS to U.S. GAAP – key 15 Management; FDSO based on treasury stock method treatment of in-the-money options Project Breeze adjustments include burdening EBITDA by depreciation of right-of-use assets and lease 2. Adj. EBITDA excludes the impact of stock-based compensation interest expense; TELUS International Adj. EBITDA is unburdened for stock-based 3. Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS compensation to align with other companies shown; Total Enterprise Values exclude the International is assumed based on prior year as a % revenue applied to forward consensus revenue impact of underfunded employee benefit obligations 4. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which Note: Consensus figures reflect median of Broker estimates closed on 2/5/25

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Tango Share Price Performance ($) Jun. 10, 2021 Share Price Performance 400% Announced pricing of IPO at $23.00 per share Customer Tango Experience Since 3 Months Ago (23%) (3%) Oct. 25, 2021 Since 6 Months Ago 7% (10%) Announced closing of secondary offering at Since 1 Year Ago 19% (14%) $63.50 per share Since 2 Years Ago (9%) (58%) resulting in $765mm+ of 300% gross proceeds Since 3 Years Ago (63%) (73%) Since IPO1 (44%) (72%) Apr. 19, 2022 Nov. 30, 2022 Announced acquisition of OpenAI introduced Heloo, expanding ChatGPT Feb. 27, 2024 European operations Klarna announces that its 200% AI Assistant handled 2/3 of Jan. 7, 2025 customer service chats in Meta announced end of its first month third-party fact-checking Sep. 7, 2022 program Announced $100mm Share Repurchase Program 1 $23.00 100% $12.96 (44%) (72%) 0% Jun-21 Mar-22 Dec-22 Oct-23 Jul-24 Apr-25 Tango Earnings Company Specific Key Events Customer Experience Key Events Sector Key Events Companies 16 Project Breeze Source: FactSet (4/17/25), Company Filings, Press Releases Note: Customer Experience Companies include Teleperformance, Telus International, Concentrix, TTEC and IBEX 1. Chart begins at Tango's price of $23.00 on day of IPO (6/10/21)

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Historical Valuation Multiples TEV / NTM Adj. EBITDA1 54.0x TEV / NTM Adj. EBITDA Averages1 Tango (Consensus) Customer Experience Companies3 45.0x Current 5.5x Current 4.9x 1-Year Average 6.5 1-Year Average 5.0 2-Year Average 6.1 2-Year Average 5.3 3-Year Average 7.1 3-Year Average 6.6 Since 7/1/212 10.9 Since 7/1/212 8.1 36.0x 27.0x 22.5x 18.0x 14.8x 9.0x 5.5x 4.9x 0.0x 2 Jul-21 Apr-22 Jan-23 Oct-23 Jul-24 Apr-25 3 Source: FactSet (4/17/25), Company Filings Tango (Consensus) Customer Experience Companies Note: Customer Experience Companies include Teleperformance, Telus International, Concentrix and IBEX 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Data begins on 7/1/21 due to unavailability of broker-reported Adj. EBITDA from IPO on 6/10/21 to 7/1/21 3. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 17 Project Breeze

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III. Preliminary Valuation Analysis Evercore

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Illustrative Financial Analysis Summary ($ in millions, except per share data) Valuation as of 12/31/24 Current Price: Implied Implied Proposal: $16.00 $12.96 Total Enterprise CY25E Adj. CY26E Adj. 1 Value 2 EBITDA 3 EBITDA 3 Key Metrics and Methodologies Implied Share Price Select Public Company EBITDA Multiples $10.80 $13.40 CY25E Case A Adj. EBITDA $243 $1,095—$1,339 4.5x—5.5x 3.9x—4.8x Peer CY25 Multiple Range: 4.50x—5.50x Trading Multiples Select Public Company EBITDA Multiples CY26E Case A Adj. EBITDA $280 $11.80 $14.80 $1,191—$1,471 4.9x—6.0x 4.3x—5.3x Peer CY26 Multiple Range: 4.25x—5.25x Transaction Multiples Transaction $10.30 $25.80 4 LTM Adj. EBITDA (@ 12/31/24): $210 $1,049—$2,518 4.3x—10.3x 3.7x—9.0x Multiples Transaction LTM Multiples: 5.0x—12.0x DCF Case A 5-Year Discounted Cash Flows (PGR) $11.70 $18.40 with Initial Perpetuity Growth Rate: 3.0%—5.0% $1,178—$1,818 4.8x—7.5x 4.2x—6.5x Extrapolation Discount Rate: 11.0%—13.0% DCF Case A 5-Year Discounted Cash Flows (PGR) $9.10 $13.70 with Revised Perpetuity Growth Rate: 3.0%—5.0% $933—$1,372 3.8x—5.6x 3.3x—4.9x Extrapolation Discount Rate: 11.0%—13.0% 5-Year Discounted Cash Flows (PGR) $4.80 $6.90 DCF Case B Perpetuity Growth Rate: 2.5%—4.5% $521—$719 2.1x—3.0x 1.9x—2.6x Discount Rate: 11.0%—13.0% 5 Premiums Paid to Unaffected 30D VWAP $15.60 $19.50 Premiums Paid: 20.0%—50.0% $1,551—$1,923 6.4x—7.9x 5.5x—6.9x 30 Day VWAP (as of 4/17/25): $13.00 For 52-Week Trading Range 6 Reference $10.80 $18.90 $1,097—$1,869 4.5x—7.7x 3.9x—6.7x as of 4/17/25 Only Broker Price Targets 7 $13.00 $21.00 $1,398—$2,065 5.7x—8.5x 5.0x—7.4x As of 4/17/25 (Based on Available Analysts) Source: FactSet (4/17/25), Tango Management estimates received 4/4/25, Initial Extrapolation discussed 3/31/25-4/10/25, Revised Extrapolation guidance received 4/16/25, Bravo NBO dated 3/12/25, Company Filings Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations; net debt calculated using $192mm cash and $256mm debt as reported in Tango's FY2024 10K, dated 3/6/25 19 Project Breeze 1. Implied Share Price rounded to the nearest $0.10 4. Rounded to the nearest whole multiple, based on select transaction multiples 2. Trading Multiples, Transaction Multiples, Premiums Paid, 52-Week Trading, and Broker Price Targets based on 2/28/25 5. Based on 25th and 75th percentile, rounded to nearest 5% FDSO per Tango Management; DCF based on 12/31/24 FDSO per Tango Management; FDSO based on treasury stock 6. Based on low and high end of 52-week trading range method treatment of in-the-money options 7. Based on low and high end of Broker Price Targets 3. CY25E and CY26E figures represents Case A figures

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Illustrative Discounted Cash Flow Analysis – Percent-Weighted Value Valuation as of 12/31/24, Case A Initial Extrapolation and Case B ($) Case Percent Weighting Methodology Case A with initial extrapolation and Case B DCF valuations based on Methodology applies specified percentage weightings to Case A (initial methodology and assumptions shown on page 24 and page 26, extrapolation) and Case B price per share valuations to provided a respectively weighted price per share Case A DCF valuation based on initial extrapolation received 4/16/25 Assumes WACC range of 11-13% for both Case A (initial extrapolation) and Case B Perpetuity Growth Rate Adj. EBITDA Terminal Multiple Illustrative Case A (initial extrapolation) Perpetuity Growth Rate of Illustrative Case A (initial extrapolation) Terminal Multiple of 6.0x Adj. 4.0% EBITDA Illustrative Case B Perpetuity Growth Rate of 3.5% Illustrative Case B Terminal Multiple of 5.0x Adj. EBITDA Case (% PGR) Price Per Share Case (Terminal Mult.) Price Per Share Case A (4.0%): 50% 63% 75% 88% 100% Case A (6.0x): 50% 63% 75% 88% 100% Case B (3.5%): 50% 38% 25% 13% 0% Case B (5.0x): 50% 38% 25% 13% 0% 11.0% $11.35 $12.59 $13.84 $15.09 $16.34 11.0% $11.08 $12.24 $13.40 $14.56 $15.72 te Discount Rate 12.0% $9.92 $10.99 $12.06 $13.13 $14.20 Discount Ra 12.0% $10.64 $11.75 $12.87 $13.98 $15.09 13.0% $8.81 $9.74 $10.68 $11.61 $12.54 13.0% $10.22 $11.29 $12.36 $13.43 $14.49 Source: Tango Management estimates received 4/4/25, Case A extrapolation guidance discussed between 3/31/25-4/10/25, Case B extrapolation guidance received 4/16/25 20 Project Breeze

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Illustrative Discounted Cash Flow Analysis – Percent-Weighted Value Valuation as of 12/31/24, Case A Revised Extrapolation and Case B ($) Case Percent Weighting Methodology Case A with revised extrapolation and Case B DCF valuations based on Methodology applies specified percentage weightings to Case A (revised methodology and assumptions shown on page 25 and page 26, extrapolation) and Case B price per share valuations to provided a respectively weighted price per share Case A DCF valuation based on revised extrapolation received 4/16/25 Assumes WACC range of 11-13% for both Case A (revised extrapolation) and Case B Perpetuity Growth Rate Adj. EBITDA Terminal Multiple Illustrative Case A (revised extrapolation) Perpetuity Growth Rate of Illustrative Case A (revised extrapolation) Terminal Multiple of 6.0x Adj. 4.0% EBITDA Illustrative Case B Perpetuity Growth Rate of 3.5% Illustrative Case B Terminal Multiple of 5.0x Adj. EBITDA Case (% PGR) Price Per Share Case (Terminal Mult.) Price Per Share Case A (4.0%): 50% 63% 75% 88% 100% Case A (6.0x): 50% 63% 75% 88% 100% Case B (3.5%): 50% 38% 25% 13% 0% Case B (5.0x): 50% 38% 25% 13% 0% 11.0% $9.38 $10.13 $10.89 $11.64 $12.40 11.0% $10.11 $11.03 $11.95 $12.87 $13.79 te Discount Rate 12.0% $8.26 $8.92 $9.57 $10.22 $10.88 Discount Ra 12.0% $9.72 $10.60 $11.48 $12.37 $13.25 13.0% $7.39 $7.96 $8.54 $9.11 $9.69 13.0% $9.34 $10.19 $11.04 $11.89 $12.73 Source: Tango Management estimates received 4/4/25, Extrapolation guidance received 4/16/25 21 Project Breeze

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Selected Publicly Traded Companies ($ in millions, expect per share data) 1 Share % of Total Revenue Revenue Gross Profit Adj. EBITDA Growth Margin Margin TEV / Revenue TEV / Adj. EBITDA1 Price 52-Week Market Enterprise CAGR Company 4/17/25 High Cap Value2 CY24A CY25E '24A-'26E CY25E CY26E CY25E CY26E CY24A CY25E CY26E CY24A CY25E CY26E 3 3,4 Tango Case A $12.96 68.4% $1,235 $1,299 7.6% 15.9% 15.7% 38.3% 37.8% 21.1% 21.0% 1.3x 1.1x 1.0x 6.2x 5.3x 4.6x Tango Case B 7.6% 11.3% 2.4% 37.9% 35.8% 20.6% 18.0% 1.3 1.2 1.2 6.2 5.7 6.9 Tango (Consensus) 7.6% 11.9% 11.0% 39.6% 40.5% 21.0% 21.3% 1.3 1.2 1.1 6.2 5.6 5.0 Customer Experience Teleperformance 5,6 $101.02 74.7% $6,228 $10,223 25.8% 2.7% 3.3% 27.2% 26.7% 17.4% 17.4% 0.9x 0.8x 0.8x 5.0x 4.8x 4.6x Concentrix 47.33 62.6% 3,228 7,822 31.3% (0.3%) 0.9% 36.2% NA 16.3% 16.6% 0.8 0.8 0.8 5.0 5.0 4.8 TELUS International 6 2.47 29.6% 731 1,817 (1.8%) 4.2% 3.7% 36.1% 36.0% 13.1% 13.1% 0.7 0.7 0.6 4.3 5.0 4.8 IBEX 23.35 85.5% 327 342 0.7% 4.3% NA 31.1% NA 13.1% NA 0.7 0.6 NA 5.1 4.8 NA Mean 63.1% 14.0% 2.7% 2.6% 32.7% 31.3% 15.0% 15.7% 0.8x 0.7x 0.7x 4.9x 4.9x 4.8x Median 68.6% 13.3% 3.4% 3.3% 33.6% 31.3% 14.7% 16.6% 0.7 0.7 0.8 5.0 4.9 4.8 Reference TTEC $3.58 42.9% $186 $1,097 (10.4%) (8.0%) (5.3%) 22.3% 22.7% 10.8% 10.9% 0.5x 0.5x 0.6x 5.4x 5.0x 5.1x Source: Tango Management estimates received 4/4/25, Company filings, FactSet (4/17/25) Note: Teleperformance and TELUS International adjusted from IFRS to U.S. GAAP – key adjustments include burdening EBITDA by depreciation of right-of-use assets and lease interest expense; TELUS International Adj. EBITDA is unburdened for stock-based compensation to align with select publicly traded companies; Total Enterprise Values exclude the impact of underfunded employee benefit obligations; TTEC is included as a reference but excluded from analysis following the Company's announcement of its intent to go private on 9/30/24 1. Adjusted to reflect Adj. EBITDA before taking into account stock-based compensation 2. Total Enterprise Values exclude the impact of underfunded employee benefit obligations 3. Class A and Class B shares outstanding, RSUs, PSUs and options outstanding as of 2/28/25 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 4. Excludes $6.5mm underfunded employee benefit obligations as of 12/31/24 5. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 6. Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS International is assumed based on prior year as a % revenue applied to forward consensus revenue 22 Project Breeze

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Transaction Multiples ($ in millions, except per share data) Total Enterprise TEV / Date Announced Acquirer Target Value LTM Adj. EBITDA1 3/1/24 Founder & Group TDCX $685 5.2x2 10/10/23 Capital Square Partners Startek 217 5.93 4/26/23 Teleperformance Majorel 3,143 7.74 3/29/23 Concentrix Webhelp 4,768 11.85 Mean $2,203 7.6x Median 1,914 6.8 Pre-AI Sector Correction 6 6/18/21 Sitel Group Sykes Enterprises $2,119 9.7x 12/4/19 TELUS International Competence Call Centre 1,015 10.77 7/9/19 Groupe Bruxelles Lambert Webhelp 2,690 NA 6/28/18 Synnex Convergys 2,528 7.48 6/14/18 Teleperformance Intelenet 1,045 12.6 9,10 Mean $1,879 10.1x Median 2,119 10.2 Source: Company filings, Press Releases 6. Reflects LTM Adj. EBITDA as of 6/30/21 Note: Exchange rate reflected as of announcement date 7. Reflects LTM Adj. EBITDA as of 12/31/19 1. Adjusted to reflect Adj. EBITDA before taking into account stock-based compensation 8. Reflects LTM Adj. EBITDA as of 6/30/18 2. Reflects LTM Adj. EBITDA as of 12/31/23 9. Reflects LTM EBITDA as of 3/31/18 3. Reflects LTM Adj. EBITDA as of 9/30/23 10. Multiples are presented on an IFRS-16 basis 4. Reflects LTM Operating EBITDA as of 6/30/23 5. Reflects LTM Adj. EBITDA as of 3/31/23 23 Project Breeze

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Discounted Cash Flow Analysis Case A with Initial Extrapolation Valuation as of 12/31/24 – 12.0% WACC ($ in millions, except per share data) Management Forecast Extrapolation Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Implied Per Share Valuation Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,567 $1,567 4.00% 6.0x % Growth 16% 16% 6% 6% 5% PGR EBITDA Adj. EBITDA $210 $243 $280 $297 $315 $330 $330 Terminal Cash Flow / Adj. EBITDA $133 $330 % Margin 21% 21% 21% 21% 21% 21% 21% Terminal Value 1,725 1,977 Discount Factor 0.601x 0.567x (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) (-) Depreciation (38) (43) (46) (49) (51) (51) PV of Terminal Value $1,036 $1,122 (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Plus: PV of Projected FCF 383 383 (-) Other Pre-Tax Adjustments (1) — ——Total Enterprise Value $1,419 $1,505 EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $204 $224 Plus: Cash 192 192 % Margin 13% 13% 13% 13% 13% 14% Less: Debt (256) (256) (-) Unlevered Taxes (54) (63) (68) (72) (76) (83) Equity Value $1,355 $1,441 % Tax Rate 37% 37% 37% 37% 37% 37% (/) FDSO 1 95.5 95.5 (+) Depreciation 38 43 46 49 51 51 Price Per Share $14.20 $15.09 (+) Amortization of Intangibles 20 20 20 20 20—% Premium to Close (4/17/25) 9.6% 16.5% (-) Capital Expenditures (62) (53) (57) (60) (63) (51) Implied Terminal EBITDA Multiple 5.5x (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (10) (9)2 Implied PGR 4.6% Total Unlevered FCF $60 $100 $113 $120 $127 $133 (x) Discount Factor @ 12.0% Disc. Rate 0.94x 0.84x 0.75x 0.67x 0.60x PV of Unlevered FCF $56 $84 $85 $81 $76 NPV of Projected Cash Flows $383 Implied Price Per Share Implied Terminal EBITDA Mult. Implied Price Per Share Implied PGR Perpetuity Growth Rate Perpetuity Growth Rate Terminal Value Multiple Terminal Value Multiple 3.00% 4.00% 5.00% 3.00% 4.00% 5.00% 5.5x 6.0x 6.5x 5.5x 6.0x 6.5x 11.0% $14.81 $16.34 $18.37 5.6x 6.3x 7.3x $14.70 $15.72 $16.74 3.0% 3.7% 4.2% Discount Rate 12.0% 13.07 14.20 15.65 5.0 5.5 6.3 14.12 15.09 16.06 3.9% 4.6% 5.1% 13.0% 11.67 12.54 13.62 4.5 4.9 5.5 13.57 14.49 15.42 4.8% 5.5% 6.0% 24 Project Breeze Source: FactSet (4/17/25), Tango Management estimates received 4/4/25, Tango Management extrapolations discussed between 3/31/25-4/10/25, Company Filings Note: Total Enterprise Value excludes the impact of underfunded employee benefit obligations 1. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 12/31/24 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 2. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango Management guidance

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Discounted Cash Flow Analysis Case A with Revised Extrapolation Valuation as of 12/31/24 – 12.0% WACC ($ in millions, except per share data) Management Forecast Extrapolation Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Implied Per Share Valuation Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,556 $1,556 4.00% 6.0x % Growth 16% 16% 6% 6% 4% PGR EBITDA Adj. EBITDA $210 $243 $280 $297 $315 $303 $280 Terminal Cash Flow / Adj. EBITDA $93 $280 % Margin 21% 21% 21% 21% 21% 20% 18% Terminal Value 1,207 1,680 Discount Factor 0.601x 0.567x (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) (-) Depreciation (38) (43) (46) (49) (51) (57) PV of Terminal Value $725 $953 (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Plus: PV of Projected FCF 375 375 (-) Other Pre-Tax Adjustments (1) — ——Total Enterprise Value $1,099 $1,328 EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $179 $169 Plus: Cash 192 192 % Margin 13% 13% 13% 13% 12% 11% Less: Debt (256) (256) (-) Unlevered Taxes (54) (63) (68) (72) (66) (63) Equity Value $1,035 $1,264 % Tax Rate 37% 37% 37% 37% 37% 37% (/) FDSO 1 95.2 95.4 (+) Depreciation 38 43 46 49 51 57 Price Per Share $10.88 $13.25 (+) Amortization of Intangibles 20 20 20 20 20—% Premium to Close (4/17/25) (16.1%) 2.2% (-) Capital Expenditures (62) (53) (57) (60) (62) (62) Implied Terminal EBITDA Multiple 4.6x (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (8) (9)2 Implied PGR 5.4% Total Unlevered FCF $60 $100 $113 $120 $113 $93 (x) Discount Factor @ 12.0% Disc. Rate 0.94x 0.84x 0.75x 0.67x 0.60x PV of Unlevered FCF $56 $84 $85 $81 $68 NPV of Projected Cash Flows $375 Implied Price Per Share Implied Terminal EBITDA Mult. Implied Price Per Share Implied PGR Perpetuity Growth Rate Perpetuity Growth Rate Terminal Value Multiple Terminal Value Multiple 3.00% 4.00% 5.00% 3.00% 4.00% 5.00% 5.5x 6.0x 6.5x 5.5x 6.0x 6.5x 11.0% $11.38 $12.40 $13.74 4.6x 5.2x 6.0x $12.93 $13.79 $14.66 4.1% 4.5% 4.9% Discount Rate 12.0% 10.13 10.88 11.83 4.1 4.6 5.1 12.42 13.25 14.08 4.9% 5.4% 5.8% 13.0% 9.13 9.69 10.39 3.7 4.1 4.5 11.94 12.73 13.52 5.7% 6.2% 6.7% 25 Project Breeze Source: FactSet (4/17/25), Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, Company Filings Note: Total Enterprise Value excludes the impact of underfunded employee benefit obligations 1. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 12/31/24 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 2. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango Management guidance

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Discounted Cash Flow Analysis Case B Valuation as of 12/31/24 – 12.0% WACC Management Forecast Extrapolation Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Revenue $995 $1,108 $1,043 $942 $885 $867 $867 % Growth 11% (6%) (10%) (6%) (2%) Adj. EBITDA $210 $228 $188 $151 $133 $121 $139 % Margin 21% 21% 18% 16% 15% 14% 16% (-) Stock-Based Compensation (39) (36) (32) (31) (30) (30) (-) Depreciation (36) (34) (31) (29) (28) (23) (-) Amortization of Intangibles (20) (20) (20) (20) (20)—(-) Other Pre-Tax Adjustments (3) — ——EBIT (SBC, Amort-burdened) $130 $98 $68 $54 $43 $86 % Margin 12% 9% 7% 6% 5% 10% (-) Unlevered Taxes (48) (36) (25) (20) (16) (32) % Tax Rate 37% 37% 37% 37% 37% 37% (+) Depreciation 36 34 31 29 28 23 (+) Amortization of Intangibles 20 20 20 20 20—(-) Capital Expenditures (62) (42) (38) (27) (26) (26) (-) (Increase) / Decrease in NWC (22) 16 15 8 2 (4) Total Unlevered FCF $54 $90 $71 $64 $52 $47 (x) Discount Factor @ 12.0% Disc. Rate 0.94x 0.84x 0.75x 0.67x 0.60x PV of Unlevered FCF $51 $76 $53 $43 $31 NPV of Projected Cash Flows $255 Implied Per Share Valuation 3.50% PGR 5.0x EBITDA Terminal Cash Flow / Adj. EBITDA $47 $139 Terminal Value 571 694 Discount Factor 0.601x 0.567x PV of Terminal Value $343 $394 Plus: PV of Projected FCF 255 255 Total Enterprise Value $598 $649 Plus: Cash 192 192 Less: Debt (256) (256) Equity Value $534 $585 (/) FDSO 94.6 94.6 Price Per Share $5.65 $6.18 % Premium to Close (4/17/25) (56.4%) (52.3%) Implied Terminal EBITDA Multiple 4.4x Implied PGR 5.1% Implied Price Per Share Implied Price Per Share Perpetuity Growth Rate Terminal Value Multiple 2.50% 3.50% 4.50% 11.0% $5.91 $6.36 $6.93 12.0% 5.32 5.65 6.06 13.0% 4.83 5.09 5.40 Discount Rate 26 Implied Terminal EBITDA Mult. Implied PGR Perpetuity Growth Rate Terminal Value Multiple 2.50% 3.50% 4.50% 4.4x 4.9x 5.6x 4.0 4.4 4.9 3.6 3.9 4.3 Implied PGR Terminal Value Multiple 4.5x 5.0x 5.5x 3.2% 4.1% 4.8% 4.2% 5.1% 5.8% 5.3% 6.1% 6.9% Implied Price Per Share Terminal Value Multiple 4.5x 5.0x 5.5x $5.99 $6.43 $6.86 5.77 6.18 6.60 5.55 5.95 6.35 ($ in millions, except per share data) 2 1 Source: FactSet (4/17/25), Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, Company Filings Note: Total Enterprise Value excludes the impact of underfunded employee benefit obligations Class A and Class B shares, RSUs, PSUs, and options outstanding as of 12/31/24 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango Management guidance

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For Reference Only: Illustrative Leveraged Buyout Analysis Case A with Revised Extrapolation ($ in millions, except per share data) Key Assumptions1 Financial Summary and Credit Statistics Case A—Revised Extrapolation Illustrative transaction close date of Dec 31, 2024, and Fiscal Year Ended 12/31, 2025E 2026E 2027E 2028E 2029E exit on Dec 31, 2029 (5-year holding period) Revenue $1,153 $1,333 $1,414 $1,496 $1,556 Illustrative Sources & Uses shows entry at $16.002 % Growth 16% 16% 6% 6% 4% offer price per share for a purchase TEV of $1.6bn Adj. EBITDA $243 $280 $297 $315 $303 % Margin 21% 21% 21% 21% 20% $600mm PF Gross Leverage (3.4x PF LTM EBITDA), (+) Annual PubCo Cost Savings 8 8 8 8 8 consisting of: (–) SBC Replacement (100% of Rev.) (39) (46) (49) (52) (54) „ $600 Unitranche @ SOFR+325bps, 99.5 OID, PF EBITDA (SBC-burdened) $213 $242 $257 $271 $258 % Margin 18% 18% 18% 18% 17% 2.25% financing fee, 1.00% annual amortization PF EBIT (SBC, Amort-burdened) $155 $179 $190 $202 $187 $100mm3 minimum cash balance % Margin 13% 13% 13% 13% 12% (-) Cash Taxes (42) (54) (60) (67) (64) $15mm transaction fees % Tax Rate 37% 37% 37% 37% 37% Assumes 100% cash replacement of stock-based (+) Depreciation & Intangible Amort. 57 63 66 69 71 compensation, no Management promote (-) Net Interest Expense (37) (30) (24) (17) (10) (-) Change in NWC (28) (18) (11) (11) (8) $8mm annual public company cost savings3 (-) Capital Expenditures (62) (53) (57) (60) (62) Levered Free Cash Flow $42 $87 $104 $115 $113 Cumulative Free Cash Flow 42 129 233 348 461 Sources Memo: Leverage and Credit Statistics Unitranche Facility $600 Net Debt $458 $371 $267 $152 $39 Pro Forma Debt 600 Total Debt / Adj. EBITDA 2.6x 1.9x 1.4x 0.9x 0.5x Net Debt / Adj. EBITDA 2.2 1.5 1.0 0.6 0.2 Balance Sheet Cash 192 Sponsor Equity 1,124 Total Sources $1,916 Implied TEV and Offer Price ('29 Exit, 3.4x Gross PF LTM Leverage) Implied Purchase TEV Implied Offer Price Uses Tango Purchase Equity 4 $1,529 Exit LTM EBITDA Multiple Exit LTM EBITDA Multiple Refinance Term Loan 256 5.0x 6.0x 7.0x 5.0x 6.0x 7.0x Minimum Cash 100 17.5% $1,129 $1,264 $1,400 17.5% $11.18 $12.59 $13.99 Transaction Fees 15 Req'd Req'd Financing Fees & OID 17 20.0% 1,063 1,185 1,307 20.0% $10.49 $11.76 $13.03 IRR IRR Total Uses $1,916 22.5% 1,004 1,114 1,224 22.5% $9.89 $11.03 $12.17 27 Project Breeze Source: Management estimates received 4/4/25, Revised Case A extrapolations received 4/16/25, 2. Based on Bravo NBO dated 3/12/25 Company Filings 3. Per Tango Management on 3/31/25 1. Transaction structure assumptions based on Evercore estimates of leverage capacity, financing costs 4. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 12/31/24 per Tango and pro forma cash replacement of stock-based compensation Management; FDSO based on treasury stock method treatment of in-the-money options

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Appendix Evercore

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Analysis at Various Prices ($ in millions) Offer Consideration Current Transaction Prices Price Per Share (4/17/25) $12.96 $14.00 $15.00 $16.00 $17.00 $18.00 $19.00 $20.00 $21.00 Premium to Current 8% 16% 23% 31% 39% 47% 54% 62% Premium to 52 Week High ($18.94 @ 11/8/24) (32%) (26%) (21%) (16%) (10%) (5%) 0% 6% 11% Premium to 52 Week Low ($10.84 @ 4/18/24) 20% 29% 38% 48% 57% 66% 75% 85% 94% Premium to 30-Day VWAP ($13.00) (0%) 8% 15% 23% 31% 38% 46% 54% 62% Premium to 3 Month VWAP ($14.83) (13%) (6%) 1% 8% 15% 21% 28% 35% 42% Premium to 1 Year Average ($14.15) (8%) (1%) 6% 13% 20% 27% 34% 41% 48% Premium to 3 Year Average ($14.88) (13%) (6%) 1% 8% 14% 21% 28% 34% 41% FDSO 1 95.3 95.4 95.4 95.5 95.5 95.5 95.6 95.6 95.6 Equity Value $1,235 $1,335 $1,431 $1,527 $1,624 $1,720 $1,816 $1,912 $2,008 Premium to Equity Value—8.1% 15.9% 23.7% 31.5% 39.2% 47.0% 54.8% 62.6% Plus: Total Debt (12/31/24) 256 256 256 256 256 256 256 256 256 Less: Cash (12/31/24) (192) (192) (192) (192) (192) (192) (192) (192) (192) Enterprise Value 2 $1,299 $1,399 $1,495 $1,591 $1,688 $1,784 $1,880 $1,976 $2,072 Premium to TEV—7.7% 15.1% 22.5% 29.9% 37.3% 44.7% 52.1% 59.5% Multiple Analysis Enterprise Value to: Metric Tango Case A 2024A Revenue $995 1.3x 1.4x 1.5x 1.6x 1.7x 1.8x 1.9x 2.0x 2.1x 2025E Revenue 1,153 1.1 1.2 1.3 1.4 1.5 1.5 1.6 1.7 1.8 2026E Revenue 1,333 1.0 1.0 1.1 1.2 1.3 1.3 1.4 1.5 1.6 2024A Adj. EBITDA $210 6.2x 6.7x 7.1x 7.6x 8.0x 8.5x 9.0x 9.4x 9.9x 2025E Adj. EBITDA 243 5.3 5.7 6.1 6.5 6.9 7.3 7.7 8.1 8.5 2026E Adj. EBITDA 280 4.6 5.0 5.3 5.7 6.0 6.4 6.7 7.1 7.4 Tango Consensus 2025E Revenue $1,113 1.2x 1.3x 1.3x 1.4x 1.5x 1.6x 1.7x 1.8x 1.9x 2026E Revenue 1,225 1.1 1.1 1.2 1.3 1.4 1.5 1.5 1.6 1.7 2025E Adj. EBITDA $233 5.6x 6.0x 6.4x 6.8x 7.2x 7.6x 8.1x 8.5x 8.9x 2026E Adj. EBITDA 261 5.0 5.4 5.7 6.1 6.5 6.8 7.2 7.6 7.9 29 Project Breeze Source: FactSet (4/17/25), Company Filings, Tango Management estimates as of 4/4/25, Bravo NBO dated 3/12/25 1. Class A and Class B shares outstanding, RSUs, PSUs and options outstanding as of 2/28/25 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 2. Excludes $6.5mm underfunded employee benefit obligations as of 12/31/24

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Weighted Average Cost of Capital (WACC) ($ in millions) Selected Public Companies—Cost of Capital Cost of Equity and WACC Calculation Share Total Gross Historical Supply-Side Price Market Enterprise Gross Debt to Adj. Unl. Tango Peers Tango Peers Company 4/17/25 Cap Value Debt Equity Beta2 Beta2 Risk Free Rate1 4.8% 4.8% 4.8% 4.8% Tango Case A $12.96 $1,235 $1,299 $256 20.7% 1.22 1.08 Unlevered Beta2 1.08 0.64 1.08 0.64 Customer Experience Teleperformance $101.02 $6,228 $10,223 $5,280 84.8% 1.24 0.76 Debt / Equity Ratio 20.7% 118.3% 20.7% 118.3% Concentrix 47.33 3,228 7,822 4,902 151.9% 1.10 0.52 TELUS 2.47 731 1,817 1,276 174.5% 1.20 0.52 Tax Rate3 36.9% 26.0% 36.9% 26.0% IBEX 23.35 327 342 34 10.4% 0.95 0.88 4 Levered Beta 1.22 1.21 1.22 1.21 Mean 105.4% 1.12 0.67 Market Risk Premium5 7.3% 7.3% 6.3% 6.3% Median 118.3% 1.15 0.64 Size Premium5 0.9% 0.9% 0.9% 0.9% WACC—Sensitivities Cost of Equity6 14.6% 14.5% 13.3% 13.3% WACC Historical Supply-Side Pre-tax Cost of Debt7 7.1% 7.1% 7.1% 7.1% WACC WACC Debt / Equity Ratio Debt / Equity Ratio After-tax Cost of Debt 4.5% 5.3% 4.5% 5.3% 15.0% 20.0% 25.0% 15.0% 20.0% 25.0% Equity to Total Cap. 82.8% 45.8% 82.8% 45.8% 0.70 10.4% 10.3% 10.2% 0.70 9.7% 9.6% 9.5% Unl. Unl. 0.95 12.2% 12.0% 11.9% 0.95 11.2% 11.1% 11.0% Beta Beta 8 WACC 12.9% 9.5% 11.8% 8.9% 1.20 13.9% 13.7% 13.6% 1.20 12.7% 12.5% 12.4% Source: Company filings, FactSet (4/17/25), Ibbotson, Bloomberg 4. Levered Beta = Unlevered Beta \* (1 + (1—Tax Rate) \* (Debt / Equity)) Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations 5. Kroll (2024). The market size of $1,235mm assumed for Tango is equivalent to a 8th decile size premium 1. 20-year Treasury rate as of 4/17/25 6. Cost of Equity = Risk Free Rate + (Market Risk Premium \* Levered Beta) 2. Raw Beta based on average of two-year weekly Beta, calculated in comparison to the MSCI World Index. Adjusted Beta = 7. Based off Tango's 9/22 senior secured term loan YTM of 7.111% as of 4/17/25 (2/3) \* Raw Beta + (1/3) \* 1. Unlevered Beta = Levered Beta / (1 + (1—Tax rate) \* (Debt / Equity)) 8. WACC = Cost of Equity \* Equity to Total Capitalization + After-tax Cost of Debt \* (1—Equity to Total Capitalization) 3. Assumes 36.9% tax rate provided by Management 30 Project Breeze

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North America Take Private Premiums Paid Analysis Analysis of last 3 years of Tech sector, take private transactions with TEV $1.0bn – $3.0bn (15 Deals) Premium to Unaffected Premium to 30-Day VWAP1 Number of Deals Number of Deals 1 1 3—3 7 1 2 1 2 4 5 Median: 48.2% Median: 44.1% Mean: 46.3% 46.7% Mean: 42.7% 33.3% 26.7% 20.0% 20.0% 13.3% 13.3% 6.7% 6.7% 6.7% 6.7% 0.0% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% Premium to 60-Day VWAP1 Premium to 90-Day VWAP1 Number of Deals Number of Deals 4 3 — 2 6 4 1 2 2 1 5 Median: 40.1% Median: 34.6% Mean: 32.9% Mean: 33.8% 40.0% 33.3% 26.7% 26.7% 20.0% 13.3% 13.3% 13.3% 6.7% 6.7% 0.0% 0.0% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% Source: London Stock Exchange Group, FactSet, Company Filings Note: Analysis only includes tech industry transactions 1. VWAP relative to unaffected date 31 Project Breeze

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Summary of Equity Research Perspectives Selected Analyst Price Targets1 Analyst Commentary Broker Date Rating Target Valuation Methodology Strong client base and revenue Goldman Sachs 4/6/25 Sell $13.00 Long term AI risk to its DCX or Trust retention with over 100 clients across and Safety delivery several verticals within the digital Baird 4/1/25 Buy 20.00—economy Morgan Stanley 3/5/25 Buy 21.00—Investments in AI are bearing fruit, J.P. Morgan 2/27/25 Hold 17.00 EV / EBITDA and Management expects that AI Client concentration remains William Blair 2/27/25 Buy NA EV / EBITDA reasonably high services will be the fastest growing service line in 2025 Guggenheim 2/27/25 Hold NA—RBC Capital 2/26/25 Hold 20.00 EV / EBITDA Diversification efforts to include BTIG 11/1/24 Hold NA—more traditional enterprises, such Lack of diversification in revenue as healthcare and BFSI, add a level Mean $18.20 of stability to the business over time Median 20.00 Offshore mix will increase 25th Percentile 17.00 Revenue headwinds from significantly next year, which 75th Percentile 20.00 incremental offshoring typically comes at 20pts in higher margins than onsite work Actual Share Performance vs. Target Price (Since IPO)2 Analyst Rating History # of Research Analysts: $100 Premium to Current: 54.3% 9 9 10 10 10 10 9 9 8 8 8 8 8 $75 10% 10% 10% 11% 11% 20% 11% 11% 13% 13% 13% 13% 13% $50 44% 44% 38% 38% 38% 38% 38% 50% 50% 50% 56% 56% 40% $25 $20.00 44% 44% 50% 50% 50% 50% 50% $12.96 40% 40% 40% 40% 33% 33% $0 Jun 21 Mar 22 Dec 22 Oct 23 Jul 24 Apr 25 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 24 24 24 24 24 24 24 24 24 25 25 25 25 Tango Share Price Median Price Target Buy Hold Sell 32 Project Breeze Source: FactSet (4/17/25), Bloomberg, Wall Street research 1. Target price not discounted to present value 2. IPO Date of 6/10/21; Analyst price target first available on 7/1/21

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Fully Diluted Shares Outstanding Detail as of 2/28/25 (at $12.96 / share) As of February 28, 2025 ($) Fully Diluted Shares Outstanding Summary of Dilutive Securities Tango Share Price as of 4/17/25 $12.96 Options3 Basic Shares Outstanding by Share Class1 Shares Strike In-the-Money Proceeds (+) Exercisable (in the money) 1,679,535 $6.82 1,679,535 $11,454,429 (+) Class A Basic Shares Outstanding 19,964,102 (+) Exercisable (out of the money) 2,013,488 $25.39 —(+) Class B Basic Shares Outstanding 70,032,694 (+) Unvested 1,115,152 $24.53 — Basic Shares Outstanding A 89,996,796 Total In-the-Money 1,679,535 1,679,535 $11,454,429 Basic Shares Outstanding by Owner 2 (-) Shares Repurchased (883,829) with Proceeds (@ $12.96/sh) (+) Bravo 47,130,480 Net Dilutive Impact of B (+) Founder 24,670,552 795,706 Issues Shares (+) Other Officers 281,427 (+) Remainder 17,914,337 Restricted and Performance Stock Units Basic Shares Outstanding A 89,996,796 4 (+) Restricted Stock Units ("RSUs") Outstanding C 4,185,584 (+) Performance Stock Units ("PSUs") Outstanding 5 3,693,417 Fully Diluted Shares Outstanding D (-) PSUs Outstanding But Not Expected to Vest 4 (3,373,417) E A Basic Shares Outstanding 89,996,796 B (+) Options 3 795,706 Total Dilutive RSUs and PSUs 4,505,584 4 C (+) RSUs Outstanding 4,185,584 5 D (+) PSUs Outstanding & Expected to Vest 3,693,417 4 E (-) PSUs Not Expected to Vest (3,373,417) Fully Diluted Shares Outstanding 95,298,086 Source: Tango Management, FactSet (4/17/25), Company Filings 1. As of 2/27/25, per Tango FY2024 10K 2. As of 2/28/25, per Tango Management on 4/4/25 3. Option tranche detail per Tango Management on 4/4/25; Net Dilutive Impact calculated based on Treasury Stock Method; assumes no unvested options are in the money 4. Per Tango Management on 4/4/25 5. Based on 3,373,417 PSUs not expected to vest per Tango Management, plus 320,000 remainder of PSUs already granted per Tango 2024 10K 33 Project Breeze

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Fully Diluted Shares Outstanding Detail as of 12/31/24 (at $12.96 / share) As of December 31, 2024 ($) Fully Diluted Shares Outstanding Summary of Dilutive Securities Tango Share Price as of 4/17/25 $12.96 Options3 Basic Shares Outstanding by Share Class1 Shares Strike In-the-Money Proceeds (+) Exercisable (in the money) 1,717,857 $6.75 1,717,857 $11,595,535 (+) Class A Basic Shares Outstanding 19,891,464 (+) Exercisable (out of the money) 1,988,127 $25.34 —(+) Class B Basic Shares Outstanding 70,032,694 (+) Unvested 1,140,513 $24.62 — Basic Shares Outstanding A 89,924,158 Total In-the-Money 1,717,857 1,717,857 $11,595,535 Basic Shares Outstanding by Owner 2 (-) Shares Repurchased (894,717) with Proceeds (@ $12.96/sh) (+) Bravo 47,130,480 Net Dilutive Impact of B (+) Founder 24,670,552 823,140 Issues Shares (+) Other Officers 281,427 (+) Remainder 17,841,699 Restricted and Performance Stock Units Basic Shares Outstanding A 89,924,158 4 (+) Restricted Stock Units ("RSUs") Outstanding C 4,309,358 (+) Performance Stock Units ("PSUs") Outstanding 5 3,693,417 Fully Diluted Shares Outstanding D (-) PSUs Outstanding But Not Expected to Vest 4 (3,373,417) E A Basic Shares Outstanding 89,924,158 B (+) Options 3 823,140 Total Dilutive RSUs and PSUs 4,629,358 4 C (+) RSUs Outstanding 4,309,358 5 D (+) PSUs Outstanding & Expected to Vest 3,693,417 4 E (-) PSUs Not Expected to Vest (3,373,417) Fully Diluted Shares Outstanding 95,376,656 Source: Tango Management, FactSet (4/17/25), Company Filings 1. As of 12/31/24, per Tango FY2024 10K 2. As of 12/31/24, per Tango Management on 4/4/25 3. Option tranche detail per Tango Management on 4/4/25; Net Dilutive Impact calculated based on Treasury Stock Method; assumes no unvested options are in the money 4. Per Tango Management on 4/4/25 5. Based on 3,373,417 PSUs not expected to vest per Tango Management, plus 320,000 remainder of PSUs already granted per Tango 2024 10K 34 Project Breeze

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

## Ex-99.Cv

**Exhibit (c)(v)**![LOGO](g947061dsp063.jpg)

Project Breeze Shareholder Base April 2025 Evercore

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Institutional Shareholder Summary Class A Top 250 Institutional Holders Class A Top 20 Institutional Shareholders Summary Other 7% Core Growth Price 4% $12.96 Deep Value (4/17/25): 5% Estimated Prem. / (Disc.) Position (% Outstanding) Hedge Fund Core Value 37% Rank Investor Style Cost Basis1 to Basis Current2 9/30/24 6% 1 Think Investments Hedge Fund $14.04 (7.7) % 16.1 % 13.5 % 2 Fidelity Mgmt. & Research GARP 34.40 (62.3) 8.7 14.5 Index 14% 3 The Vanguard Group Index 47.32 (72.6) 8.1 8.7 4 Columbia Threadneedle Investments Core Value 13.84 (6.3) 4.7 4.8 Broker-GARP Dealer 5 Royce Investment Partners Deep Value 12.93 0.2 3.7 3.6 21% 6% 6 Fidelity Institutional Asset Mgmt. GARP 14.85 (12.7) 3.5 0.0 Economic Ownership 7 Dalton Investments Hedge Fund 11.55 12.2 3.4 3.7 Bravo / Co-Founders: 8 SG Securities Broker-Dealer 14.13 (8.3) 3.2 0.6 ~80% Other Class A 20% 9 Fidelity Mgmt. & Research Mixed Style 11.94 8.6 2.7 14.5 10 Two Sigma Investments Hedge Fund 12.29 5.5 2.7 2.3 Tango Co-Founders 11 Renaissance Technologies Hedge Fund 12.18 6.4 2.5 2.5 28% 12 Dimensional Fund Advisors Quasi-Index 14.25 (9.1) 2.3 2.4 13 Seldon Capital Aggres. Gr. 14.13 (8.3) 1.9 2.2 Bravo 14 BlackRock Institutional Trust Index 49.43 (73.8) 1.7 2.0 52% 15 D. E. Shaw & Co. Hedge Fund 11.26 15.1 1.6 2.0 Voting Power3 16 MFS Invst. Mgmt. Core Growth 12.93 0.3 1.4 2.1 17 Marshall Wace Hedge Fund 11.69 10.8 1.2 1.6 Bravo / Co-Founders: Other Class A ~97% 3% 18 Jacobs Levy Equity Mgmt. Aggres. Gr. 13.26 (2.3) 1.0 1.4 19 Geode Capital Mgmt. Index 49.62 (73.9) 1.0 1.0 20 Goldman Sachs & Co. Broker-Dealer 13.53 (4.2) 0.8 0.8 Tango Co- Top 20 Total $19.48 (33.5) % 72.1 % 84.3 % Founders 32% Bravo 65% Source: Refinitiv Eikon, Company filings, FactSet Project Breeze Note: Grey shading represents broker-dealer positions; blue shading denotes activist positions 1 1. Estimated cost basis is a per share item calculated as the summed product of the volume-weighted average price over the periods when shares were purchased and the increase in shares over these periods divided by the total number of shares purchased during the most recent period of continuous ownership since 6/30/2021 2. Data based on 12/31/24 13F filings and any subsequent 13Ds and 13Gs 3. Class A has 1 vote/share and Class B has 10 votes/share

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

## Ex-99.Cvi

**Exhibit (c)(vi)**![LOGO](g947061dsp066.jpg)

Project Breeze Discussion Materials April 24, 2025 Evercore

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Bravo Initial Proposal (3/12/25), Tango SC Counter (4/21/25), Bravo Counter (4/22/25) Analysis at Various Prices Current Proposal3 (4/23/25) ($ in millions) Current Transaction Prices Price Per Share (4/17/25) $12.96 $14.00 $15.00 $16.00 $16.25 $16.50 $16.75 $17.00 $18.00 (3/12/25) (4/22/25) (4/23/25)3 (4/21/25) Premium to Current 8% 16% 23% 25% 27% 29% 31% 39% Premium to 52 Week High ($18.94 @ 11/8/24) (32%) (26%) (21%) (16%) (14%) (13%) (12%) (10%) (5%) Premium to 52 Week Low ($10.84 @ 4/18/24) 20% 29% 38% 48% 50% 52% 55% 57% 66% Premium to 30-Day VWAP ($13.00) (0%) 8% 15% 23% 25% 27% 29% 31% 38% Premium to 3 Month VWAP ($14.83) (13%) (6%) 1% 8% 10% 11% 13% 15% 21% Premium to 1 Year Average ($14.15) (8%) (1%) 6% 13% 15% 17% 18% 20% 27% Premium to 3 Year Average ($14.88) (13%) (6%) 1% 8% 9% 11% 13% 14% 21% FDSO1 95.3 95.4 95.4 95.5 95.5 95.5 95.5 95.5 95.5 Equity Value $1,235 $1,335 $1,431 $1,527 $1,552 $1,576 $1,600 $1,624 $1,720 Premium to Equity Value - 8.1% 15.9% 23.7% 25.6% 27.6% 29.5% 31.5% 39.2% Plus: Total Debt (12/31/24) 256 256 256 256 256 256 256 256 256 Less: Cash (12/31/24) (192) (192) (192) (192) (192) (192) (192) (192) (192) Enterprise Value2 $1,299 $1,399 $1,495 $1,591 $1,616 $1,640 $1,664 $1,688 $1,784 Premium to TEV - 7.7% 15.1% 22.5% 24.4% 26.2% 28.1% 29.9% 37.3% Multiple Analysis Enterprise Value to: Metric Tango Case A 2024A Revenue $995 1.3x 1.4x 1.5x 1.6x 1.6x 1.6x 1.7x 1.7x 1.8x 2025E Revenue 1,153 1.1 1.2 1.3 1.4 1.4 1.4 1.4 1.5 1.5 2026E Revenue 1,333 1.0 1.0 1.1 1.2 1.2 1.2 1.2 1.3 1.3 2024A Adj. EBITDA $210 6.2x 6.7x 7.1x 7.6x 7.7x 7.8x 7.9x 8.0x 8.5x 2025E Adj. EBITDA 243 5.3 5.7 6.1 6.5 6.6 6.7 6.8 6.9 7.3 2026E Adj. EBITDA 280 4.6 5.0 5.3 5.7 5.8 5.9 5.9 6.0 6.4 Tango Consensus 2025E Revenue $1,113 1.2x 1.3x 1.3x 1.4x 1.5x 1.5x 1.5x 1.5x 1.6x 2026E Revenue 1,225 1.1 1.1 1.2 1.3 1.3 1.3 1.4 1.4 1.5 2025E Adj. EBITDA $233 5.6x 6.0x 6.4x 6.8x 6.9x 7.0x 7.1x 7.2x 7.6x 2026E Adj. EBITDA 261 5.0 5.4 5.7 6.1 6.2 6.3 6.4 6.5 6.8 2 Project Breeze Source: FactSet (4/17/25), Company Filings, Tango Management estimates as of 4/4/25, Bravo NBO dated 3/12/25, Tango SC Counter dated 4/21/25, Bravo Revised Proposal dated 4/22/25 1. Class A and Class B shares outstanding, RSUs, PSUs and options outstanding as of 2/28/25 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 2. Excludes $6.5mm underfunded employee benefit obligations as of 12/31/24 3. Proposed to Bravo on 4/23/25 and verbally agreed to by Bravo

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Tango Stock Price Performance and Earnings History Tango has Consistently Set Topline Guidance to Beat Expectations ($ in millions) $25.00 Volume Tango $20.00 Earnings $15.00 $12.96 $10.00 $5.00 $0.00 Jan-23 Jun-23 Dec-23 May-24 Nov-24 17-Apr-25 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Actual $235.3 $229.2 $225.6 $234.3 $227.5 $237.9 $255.3 $274.2 Revenue Consensus $232.3 $226.7 $220.9 $226.3 $223.9 $231.5 $245.5 $268.8 % Beat (Miss) 1% 1% 2% 4% 2% 3% 4% 2% Actual 23.5% 23.8% 23.5% 25.2% 22.2% 21.5% 21.2% 19.6% Adj. EBITDA Margin Consensus 21.1% 22.9% 22.5% 22.5% 22.1% 22.3% 21.5% 21.1% % Beat (Miss) 2% 1% 1% 3% 0% (1%) (0%) (1%) Stock Price Reaction (3%) (15%) 18% 8% 5% (1%) 22% (8%) 3 Project Breeze Source: FactSet (4/22/25), Company filings

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Preview of Q1 2025E Budget vs. Preliminary Actuals & Updated FY2025E Guidance (Per Tango Management on 4/22/25) ($ in millions) Q1 FY2025E FY2025E Preliminary Prelim. Beat Previous Updated % Change Metric Guidance Consensus 1Q25A / Miss vs. Guidance Consensus Guidance 1 1,5 vs. Prior Actuals Consensus (2/26/25) (4/22/25) Revenue $2712 $271 $278 +3% $1, 1102 $1,113 $1, 1252 +1% Adj. EBITDA ~20% ~20%3 21.4%4 +1.4pps ~21% ~21% ~20% (~1.0pps) Margin Commentary ? Expected Q1 2025E Revenue beat is in line with historical track record ? Tango Revenue guidance incorporates management's assessment of potential risk? Tango expects to raise FY2025E Revenue guidance? Q1 2025E Adjusted EBITDA margin expected to beat guidance ? Tango expects to reduce FY2025E Adjusted EBITDA margin guidance due to foreign exchange-related margin pressure Source: Tango Management estimates received 4/22/25, FactSet (4/22/25), Company Filings, Broker Research 1. Tango Management previewed with Evercore 4/22/25; not yet final and subject to revision 2. Represents the midpoint value of the provided range 3. Based on broker median Adj. EBITDA of $54.1 divided by broker median Revenue of $270.9 4. Adds back costs related to severance, BCG optimization, and foreign exchange impacts, per Tango Management 5. Updated guidance provided by Tango Management and received on 4/22/25 4 Project Breeze

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Tango Management Financial Forecast Comparison ($ in millions) Broker Case B '24A - '27E Case A Consensus (For Reference Only) % Delta vs. Case A: CAGR (3%) (4%) (8%) (22%) (1%) (33%) (41%) 9% $1,414 $1,352 $1,496 $1,333 $1,225 $1,153 $1,113 Revenue $995 $1,108 $1,043 $942 8% 16% 16% $885 12% 11% 10% 10% % Growth 8% 6% 6% (1%) (6%) NA (6%) (10%) 2024A 2025E 2026E 2027E 2028E $504 $528 $531 $551 8% $442 $479 $437 $420 GAAP $392 $374 $333 $308 8% Gross Profit 39% 38% 40% 38% 38% 41% 37% 41% 37% 36% 35% % Margin (4%) NA 35% 2024A 2025E 2026E 2027E 2028E $297 $292 $315 9% $280 $261 Adj. $243 $233 $228 1 $210 $188 9% EBITDA $151 $133 21% 21% 21% 21% 21% 21% 18% 21% 22% 21% % Margin 16% 15% (8%) NA 2024A 2025E 2026E 2027E 2028E $162 $162 $174 $142 $141 13% Free Cash $120 $100 $92 $102 $100 13% Flow2 $86 $84 % Margin 10% 8% 9% 8% 11% 12% 11% 11% 12% 11% 12% 9% (0)% NA 2024A 2025E 2026E 2027E 2028E 5 Project Breeze Source: Tango Management estimates received 4/4/25, Broker Research Note: Consensus figures reflect median of Broker estimates 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Represents Cash Flow from Operations minus Capex; 2025E-2028E Case B Capex figures revised by Management on 4/16/25 from original estimates received on 4/4/25

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Appendix Evercore

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Overview of Tango Management Financial Forecasts (Received 4/4/25) ($ in millions) Case A Case B (For Reference Only) Case A CAGR Case B (For Reference Only) CAGR FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E Revenue $1,153 $1,333 $1,414 $1,496 9% Revenue $1,108 $1,043 $942 $885 (7%) % Growth 16% 16% 6% 6% % Growth 11% (6%) (10%) (6%) % Gross Margin 38% 38% 37% 37% % Gross Margin 38% 36% 35% 35% Adj. EBITDA $243 $280 $297 $315 9% Adj. EBITDA $228 $188 $151 $133 (16%) % Margin 21% 21% 21% 21% % Margin 21% 18% 16% 15% Capex $62 $53 $57 $60 (1%) Capex (4/4/25) $57 $21 $19 $18 (32%) % of Revenue 5% 4% 4% 4% % of Revenue 5% 2% 2% 2% Capex (4/16/25) $62 $42 $38 $27 (25%) comprised of 17% CAGR % of Revenue 6% 4% 4% 3% ? 9% '25E-'28E total revenue CAGR across Trust & Safety and AI Services and 2% CAGR in ? (7%) '25E-'28E total revenue CAGR – ~60% of '25E DCX Digital Customer Experience (DCX) revenue lost by '28E, 9% CAGR across Trust & Safety and AI ? Steady 21% EBITDA margin based on continued 0.5% gross Services margin erosion primarily from steady wage inflation and offset ? Accelerated margin erosion due to competitive market and by SG&A efficiencies lower revenue growth? '26E-'28E Capex is 4% of revenue? Initial (4/4/25) Case B Capex forecast revised by Tango Management on 4/16/25 Other Considerations ? During Evercore's 3/31/25 diligence meeting, the CEO highlighted a vision for Tango where it may pursue a plan as a private company that is different from Case A ? This vision as a private company would include investing in AI as well as reshaping Tango's business and strategy:? Invest heavily ("tens of millions") in technology and AI enhancement? Cannibalize existing revenue to improve client value proposition and incentivize new clients to use Tango and enhance profitability Source: Tango Management estimates received 4/4/25, Other Considerations per 3/31/25 diligence discussion with Tango Management, Tango Management Case B Capex forecast received 4/16 7 Project Breeze

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Illustrative Financial Analysis Summary ($ in millions, except per share data) Valuation as of 12/31/24 Current Price: Current 8 Implied Implied $12.96 Proposal: $16.50 Total Enterprise CY25E Adj. CY26E Adj. Key Metrics and Methodologies Implied Share Price1 Value2 EBITDA3 EBITDA3 Select Public Company EBITDA Multiples $10.80 $13.40 CY25E Case A Adj. EBITDA $243 $1,095 - $1,339 4.5x - 5.5x 3.9x - 4.8x Trading Peer CY25 Multiple Range: 4.50x - 5.50x Multiples Select Public Company EBITDA Multiples CY26E Case A Adj. EBITDA $280 $11.80 $14.80 $1,191 - $1,471 4.9x - 6.0x 4.3x - 5.3x Peer CY26 Multiple Range: 4.25x - 5.25x Transaction Multiples Transaction $10.30 $25.80 4 LTM Adj. EBITDA (@ 12/31/24): $210 $1,049 - $2,518 4.3x - 10.3x 3.7x - 9.0x Multiples Transaction LTM Multiples: 5.0x - 12.0x 5-Year Discounted Cash Flows (PGR) DCF Case A Perpetuity Growth Rate: 3.0% - 5.0% $11.70 $18.40 $1,178 - $1,818 4.8x - 7.5x 4.2x - 6.5x Discount Rate: 11.0% - 13.0% 5-Year Discounted Cash Flows (PGR) DCF Case B Perpetuity Growth Rate: 2.5% - 4.5% $4.80 $6.90 $521 - $719 2.1x - 3.0x 1.9x - 2.6x (For Reference Only) Discount Rate: 11.0% - 13.0% Premiums Paid to Unaffected 30D VWAP5 Premiums Paid: 20.0% - 50.0% $15.60 $19.50 $1,551 - $1,923 6.4x - 7.9x 5.5x - 6.9x 30 Day VWAP (as of 4/17/25): $13.00 For 52-Week Trading Range 6 Reference $1,097 - $1,869 4.5x - 7.7x 3.9x - 6.7x as of 4/17/25 $10.80 $18.90 Only Broker Price Targets7 $1,398 - $2,065 5.7x - 8.5x 5.0x - 7.4x As of 4/17/25 (Based on Available Analysts) $13.00 $21.00 Source: FactSet (4/17/25), Tango Management estimates received 4/4/25, Extrapolations discussed 3/31/25-4/10/25, Company Filings Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations; net debt calculated using $192mm cash and $256mm debt as reported in Tango's FY2024 10K, dated 3/6/25 8 Project Breeze 1. Implied Share Price rounded to the nearest $0.10 4. Rounded to the nearest whole multiple, based on select transaction multiples 2. Trading Multiples, Transaction Multiples, Premiums Paid, 52-Week Trading, and Broker Price Targets based on 2/28/25 5. Based on 25th and 75th percentile, rounded to nearest 5% FDSO per Tango Management; DCF based on 12/31/24 FDSO per Tango Management; FDSO based on treasury stock 6. Based on low and high end of 52-week trading range method treatment of in-the-money options 7. Based on low and high end of Broker Price Targets 3. CY25E and CY26E figures represents Case A figures 8. Proposed to Bravo on 4/23/25 and verbally agreed to by Bravo

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Illustrative Discounted Cash Flow Analysis – Percent-Weighted Value Valuation as of 12/31/24, Case A and Case B (For Reference Only) ($) Case Percent Weighting Methodology ? Case A and Case B DCF valuations based on methodology and ? Methodology applies specified percentage weightings to Case A and Case assumptions shown on page 24 and page 26 of the Special Committee B price per share valuations to provided a weighted price per share materials dated 4/18/25, respectively? Assumes WACC range of 11-13% for both Case A and Case B Perpetuity Growth Rate Adj. EBITDA Terminal Multiple ? Illustrative Case A Perpetuity Growth Rate of 4.0%? Illustrative Case A Terminal Multiple of 6.0x Adj. EBITDA? Illustrative Case B Perpetuity Growth Rate of 3.5%? Illustrative Case B Terminal Multiple of 5.0x Adj. EBITDA Case (% PGR) Price Per Share Case (Terminal Mult.) Price Per Share Case A (4.0%): 50% 63% 75% 88% 100% Case A (6.0x): 50% 63% 75% 88% 100% Case B (3.5%): 50% 38% 25% 13% 0% Case B (5.0x): 50% 38% 25% 13% 0% 11.0% $11.35 $12.59 $13.84 $15.09 $16.34 11.0% $11.08 $12.24 $13.40 $14.56 $15.72 Discount Rate 12.0% $9.92 $10.99 $12.06 $13.13 $14.20 Discount Rate 12.0% $10.64 $11.75 $12.87 $13.98 $15.09 13.0% $8.81 $9.74 $10.68 $11.61 $12.54 13.0% $10.22 $11.29 $12.36 $13.43 $14.49 Source: Tango Management estimates received 4/4/25, Case A extrapolation guidance discussed between 3/31/25-4/10/25, Case B extrapolation guidance received 4/16/25 9 Project Breeze

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Summary of Equity Research Perspectives Selected Analyst Price Targets1 Analyst Commentary Broker Date Rating Target Valuation Methodology Strong client base and revenue Goldman Sachs 4/6/25 Sell $13.00 Long term AI risk to its DCX or Trust retention with over 100 clients across and Safety delivery several verticals within the digital Baird 4/1/25 Buy 20.00 - economy Morgan Stanley 3/5/25 Buy 21.00 - Investments in AI are bearing fruit, J.P. Morgan 2/27/25 Hold 17.00 EV / EBITDA and Management expects that AI Client concentration remains services will be the fastest growing William Blair 2/27/25 Buy NA EV / EBITDA reasonably high service line in 2025 Guggenheim 2/27/25 Hold NA -RBC Capital 2/26/25 Hold 20.00 EV / EBITDA Diversification efforts to include BTIG 11/1/24 Hold NA - more traditional enterprises, such Lack of diversification in revenue as healthcare and BFSI, add a level Mean $18.20 of stability to the business over time Median 20.00 Offshore mix will increase 25th Percentile 17.00 Revenue headwinds from significantly next year, which 75th Percentile 20.00 incremental offshoring typically comes at 20pts in higher margins than onsite work Actual Share Performance vs. Target Price (Since IPO)2 Analyst Rating History # of Research Analysts: $100 Premium to Current: 54.3% 9 9 10 10 10 10 9 9 8 8 8 8 8 $75 11% 11% 20% 10% 10% 10% 11% 11% 13% 13% 13% 13% 13% $50 44% 44% 38% 38% 38% 38% 38% 40% 50% 50% 50% 56% 56% $25 $20.00 44% 44% 40% 40% 40% 40% 50% 50% 50% 50% 50% $12.96 33% 33% $0 Jun 21 Mar 22 Dec 22 Oct 23 Jul 24 Apr 25 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 24 24 24 24 24 24 24 24 24 25 25 25 25 Tango Share Price Median Price Target Buy Hold Sell 10 Project Breeze Source: FactSet (4/17/25), Bloomberg, Wall Street research 1. Target price not discounted to present value 2. IPO Date of 6/10/21; Analyst price target first available on 7/1/21

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Institutional Shareholder Summary Class A Top 250 Institutional Holders Class A Top 20 Institutional Shareholders Summary Other 7% Core Growth Price 4% $12.96 Deep Value (4/17/25): 5% Hedge Fund Estimated Prem. / (Disc.) Position (% Outstanding) Core Value 37% Rank Investor Style Cost Basis1 to Basis Current2 9/30/24 6% 1 Think Investments Hedge Fund $14.04 (7.7) % 16.1 % 13.5 % 2 Fidelity Mgmt. & Research GARP 34.40 (62.3) 8.7 14.5 Index 14% 3 The Vanguard Group Index 47.32 (72.6) 8.1 8.7 4 Columbia Threadneedle Investmen Core Value 13.84 (6.3) 4.7 4.8 GARP Broker-21% Dealer 5 Royce Investment Partners Deep Value 12.93 0.2 3.7 3.6 6% 6 Fidelity Institutional Asset Mgmt. GARP 14.85 (12.7) 3.5 0.0 Economic Ownership 7 Dalton Investments Hedge Fund 11.55 12.2 3.4 3.7 Bravo / Co-Founders: 8 SG Securities Broker-Dealer 14.13 (8.3) 3.2 0.6 ~81% Class A 19% 9 Fidelity Mgmt. & Research Mixed Style 11.94 8.6 2.7 14.5 10 Two Sigma Investments Hedge Fund 12.29 5.5 2.7 2.3 Tango Co-Founders 11 Renaissance Technologies Hedge Fund 12.18 6.4 2.5 2.5 29% 12 Dimensional Fund Advisors Quasi-Index 14.25 (9.1) 2.3 2.4 Bravo 13 Seldon Capital Aggres. Gr. 14.13 (8.3) 1.9 2.2 52% 14 BlackRock Institutional Trust Index 49.43 (73.8) 1.7 2.0 15 D. E. Shaw & Co. Hedge Fund 11.26 15.1 1.6 2.0 Voting Power3 16 MFS Invst. Mgmt. Core Growth 12.93 0.3 1.4 2.1 Bravo / Co-Founders: Class A 17 Marshall Wace Hedge Fund 11.69 10.8 1.2 1.6 ~98% 2% 18 Jacobs Levy Equity Mgmt. Aggres. Gr. 13.26 (2.3) 1.0 1.4 19 Geode Capital Mgmt. Index 49.62 (73.9) 1.0 1.0 20 Goldman Sachs & Co. Broker-Dealer 13.53 (4.2) 0.8 0.8 Tango Co-Founders Top 20 Total $19.48 (33.5) % 72.1 % 84.3 % 32% Bravo 65% Source: Refinitiv Eikon, Company filings, FactSet Project Breeze Note: Grey shading represents broker-dealer positions; blue shading denotes activist positions 11 1. Estimated cost basis is a per share item calculated as the summed product of the volume-weighted average price over the periods when shares were purchased and the increase in shares over these periods divided by the total number of shares purchased during the most recent period of continuous ownership since 6/30/2021 2. Data based on 12/31/24 13F filings and any subsequent 13Ds and 13Gs 3. Class A has 1 vote/share and Class B has 10 votes/share

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Selected Publicly Traded Companies ($ in millions, expect per share data) Share % of Total Revenue Revenue Gross Profit Adj. EBITDA1 Growth Margin Margin TEV / Revenue TEV / Adj. EBITDA1 Price 52-Week Market Enterprise CAGR Company 4/17/25 High Cap Value2 CY24A CY25E '24A-'26E CY25E CY26E CY25E CY26E CY24A CY25E CY26E CY24A CY25E CY26E 3 3,4 Tango Case A $12.96 68.4% $1,235 $1,299 7.6% 15.9% 15.7% 38.3% 37.8% 21.1% 21.0% 1.3x 1.1x 1.0x 6.2x 5.3x 4.6x Tango Case B (For Reference Only) 7.6% 11.3% 2.4% 37.9% 35.8% 20.6% 18.0% 1.3 1.2 1.2 6.2 5.7 6.9 Tango (Consensus) 7.6% 11.9% 11.0% 39.6% 40.5% 21.0% 21.3% 1.3 1.2 1.1 6.2 5.6 5.0 Customer Experience Teleperformance5,6 $101.02 74.7% $6,228 $10,223 25.8% 2.7% 3.3% 27.2% 26.7% 17.4% 17.4% 0.9x 0.8x 0.8x 5.0x 4.8x 4.6x Concentrix 47.33 62.6% 3,228 7,822 31.3% (0.3%) 0.9% 36.2% NA 16.3% 16.6% 0.8 0.8 0.8 5.0 5.0 4.8 TELUS International6 2.47 29.6% 731 1,817 (1.8%) 4.2% 3.7% 36.1% 36.0% 13.1% 13.1% 0.7 0.7 0.6 4.3 5.0 4.8 IBEX 23.35 85.5% 327 342 0.7% 4.3% NA 31.1% NA 13.1% NA 0.7 0.6 NA 5.1 4.8 NA Mean 63.1% 14.0% 2.7% 2.6% 32.7% 31.3% 15.0% 15.7% 0.8x 0.7x 0.7x 4.9x 4.9x 4.8x Median 68.6% 13.3% 3.4% 3.3% 33.6% 31.3% 14.7% 16.6% 0.7 0.7 0.8 5.0 4.9 4.8 Reference TTEC $3.58 42.9% $186 $1,097 (10.4%) (8.0%) (5.3%) 22.3% 22.7% 10.8% 10.9% 0.5x 0.5x 0.6x 5.4x 5.0x 5.1x Source: Tango Management estimates received 4/4/25, Company filings, FactSet (4/17/25) Note: Teleperformance and TELUS International adjusted from IFRS to U.S. GAAP – key adjustments include burdening EBITDA by depreciation of right-of-use assets and lease interest expense; TELUS International Adj. EBITDA is unburdened for stock-based compensation to align with select publicly traded companies; Total Enterprise Values exclude the impact of underfunded employee benefit obligations; TTEC is included as a reference but excluded from analysis following the Company's announcement of its intent to go private on 9/30/24 1. Adjusted to reflect Adj. EBITDA before taking into account stock-based compensation 2. Total Enterprise Values exclude the impact of underfunded employee benefit obligations 3. Class A and Class B shares outstanding, RSUs, PSUs and options outstanding as of 2/28/25 per Tango Management; FDSO based on treasury stock method treatment of in-the-money options 4. Excludes $6.5mm underfunded employee benefit obligations as of 12/31/24 5. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 6. Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS International is assumed based on prior year as a % revenue applied to forward consensus revenue 12 Project Breeze

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Transaction Multiples ($ in millions, except per share data) Total Enterprise TEV / Date Announced Acquirer Target Value LTM Adj. EBITDA1 3/1/24 Founder & Group TDCX $685 5.2x2 10/10/23 Capital Square Partners Startek 217 5.93 4/26/23 Teleperformance Majorel 3,143 7.74 3/29/23 Concentrix Webhelp 4,768 11.85 Mean $2,203 7.6x For Reference Only: Median 1,914 6.8 Pre-AI Sector Correction 6/18/21 Sitel Group Sykes Enterprises $2,119 9.7x6 12/4/19 TELUS International Competence Call Centre 1,015 10.77 7/9/19 Groupe Bruxelles Lambert Webhelp 2,690 NA 6/28/18 Synnex Convergys 2,528 7.48 6/14/18 Teleperformance Intelenet 1,045 12.6 9,10 Mean $1,879 10.1x Median 2,119 10.2 Source: Company filings, Press Releases 6. Reflects LTM Adj. EBITDA as of 6/30/21 Note: Exchange rate reflected as of announcement date 7. Reflects LTM Adj. EBITDA as of 12/31/19 1. Adjusted to reflect Adj. EBITDA before taking into account stock-based compensation 8. Reflects LTM Adj. EBITDA as of 6/30/18 2. Reflects LTM Adj. EBITDA as of 12/31/23 9. Reflects LTM EBITDA as of 3/31/18 3. Reflects LTM Adj. EBITDA as of 9/30/23 10. Multiples are presented on an IFRS-16 basis 4. Reflects LTM Operating EBITDA as of 6/30/23 5. Reflects LTM Adj. EBITDA as of 3/31/23 13 Project Breeze

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

## Ex-99.Cvii

**Exhibit (c)(vii)**![LOGO](g947061dsp080.jpg)

Project Breeze Discussion Materials May 1, 2025 Evercore

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Select Takeaways from Tango Draft Q1 FY2025E Earnings Release and Script Tango Draft Q1 FY2025E Earnings Release and Script Received 4/30/25 n Results „ Q1 FY2025E Revenue of $278mm, in-line with preview received on 4/22/25 „ Adj. EBITDA Margin of 21.3%1 in-line with 21.4%1 figure initially previewed on 4/22/25 n Guidance „ FY2025E Revenue guidance raised to $1,125mm from previous guidance on 2/26/25, in-line with preview received on 4/22/25„ FY2025E Adj. EBITDA Margin guidance maintained at 21% from previous guidance on 2/26/25, above the 20% previewed on 4/22/25„ Q2 FY2025E Revenue guidance of $280mm in-line with preview received on 4/22/25„ Q2 FY2025E Adj. EBITDA Margin guidance of 20%, above the 19% previewed on 4/22/25 n Positive News „ DCX: Signed multiple statements of work with top two OnDemand Travel & Transportation clients; won contracts to provide customer and merchant support and merchant acquisition services; new anchor client in Egypt; signed expansion of premium merchant care program„ Trust + Safety: Recognized as a Leader in the Everest Group's Trust + Safety Services PEAK Matrix Assessment; signed a contract to expand scope of solutions in LATAM; signed a Financial Crime & Compliance contract to provide API enforcement solutions„ AI Services: New Social Media client win; signed multiple statements of work with the largest client to support Gen AI initiatives n Negative News „ Q2 FY2025E margins expected to decline sequentially to ~20.0% due to new investments, FX headwinds, and annual merit increases„ Further deterioration in the value of the US dollar would put downward pressure on margin guidance „ Largest client accounted for 26% of total Q1 FY2025E revenue, up from 25% in the previous quarter and 19% in Q1 FY2024A Source: Tango Management estimates received 4/22/25, Tango Draft Q1 Earnings Release and Script received 4/30/25, Company Filings 1. Adds back costs related to severance, BCG optimization, and foreign exchange impacts, per Tango Management 2 Project Breeze

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Revised Estimates of Preliminary Q1 FY2025E Actuals and Preliminary Q2 FY2025E and FY2025E Guidance (Per Tango Management on 4/30/25) ($ in millions) Public Guidance Preliminary 1Q25A Revised 1Q25A 1 Revised Beat / Miss Period Metric Issued Consensus Actuals on Actuals on 6 vs. Consensus on 2/26/25 4/22/25 4/3 $$/ 0/25 Revenue $2712 $271 $278 $278 +3% Q1 FY2025E FY Adj. EBITDA ~20% ~20%3 21.4%4 21.3%4 +1.3pps Margin Public Guidance Preliminary Revised Revised vs. Period Metric Issued Consensus Guid $$/ ance on Guidance on 5 6 Consensus on 2/26/25 4/22/25 4/30/25 Revenue $274 $280 $2802 +2% Q2 FY2025E Adj. EBITDA ~21%3 ~19% ~20% (~1pps) Margin Revenue $1, 1102 $1,113 $1, 1252 $1, 1252 +1% FY2025E Adj. EBITDA ~21% ~21%3 ~20% ~21% ~0pps Margin 3 Project Breeze Source: Tango Management estimates received 4/22/25, Tango Draft Q1 Earnings Release received 4/30/25, FactSet (4/30/25), 3. Based on broker median Adj. EBITDA divided by broker median revenue Company Filings, Broker Research 4. Adds back costs related to severance, BCG optimization, and foreign exchange impacts, per Tango Management 1. Tango Management previewed with Evercore 4/22/25; not yet final and subject to revision 5. Preliminary guidance provided by Tango Management and received on 4/22/25 2. Represents the midpoint value of the provided range 6. Revised guidance provided by Tango Management, received on 4/30/25

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Summary of Bravo Proposed Financing Received from Bravo on 4/22/25; updated scenario based on $16.50 transaction price with updated cash balance and estimated fees Shareholding (as of March '25)1 Sources & Uses Transaction Assumption Transaction Assumption A B Price per Share $16.25 $16.50 Price per Share $16.25 $16.50 Sources of Funds Shareholding Shares Equity Value Equity Value Gross Cash on Balance Sheet $200 $1973 Bravo 47.1 $766 $778 Drawdown of Committed RCF 190 190 Founders 24.7 401 407 Committed Incremental Facility 25 48 Public Float 19.1 310 315 Total $415 $435 Common Shares 90.9 $1,477 $1,500 Uses of Funds Purchase of Public Shareholder Equity $310 $315 Cash to Fund Operations2 100 100 Deal / Advisor Fees 5 20 Total $415 $435 A Calculated using share count provided by Bravo Illustrative Sources & Uses received on April 22, 2025, and a transaction price of $16.50 B Calculated using updated cash balance3, estimated fees, and transaction price of $16.50 Source: Bravo Illustrative Sources & Uses received on 4/22/25, Tango Draft Q1 Earnings Release received 4/30/25 1. Computed as of February 2025 shareholding plus scheduled vesting for March 2025 2. Assumption to be refined further 3. Updated gross cash from Tango Balance Sheet included in Tango Draft Q1 Earnings Release received 4/30/25 4 Project Breeze

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Illustrative Cost to Bravo of Alternative Structures and Proposals ($ in millions, except per share values) n Illustrative financing alternative analysis assumes 19.1mm shares of minority public float outstanding1 and $16.50 transaction price; assumes illustrative total uses of $330mm (based on $315mm purchase of minority stockholder equity and $20mm illustrative transaction fees) 1 Alternative Financing Case 1: Full cash balance of $197mm to escrow, up to full $190mm draw of revolver as needed (full financing of required uses) 2 Alternative Financing Case 2: $100mm of cash balance to escrow, full $190mm draw of revolver; remaining $40mm of incremental financing required is financed through expansion of revolver capacity at the same interest rate 3 Alternative Financing Case 3: $100mm of cash balance to escrow, no revolver draw, remaining $230mm of incremental financing required is financed through a bridge loan 4 Price Bump: Illustrative cost to Bravo of $0.25 increases to transaction price Alternative Financing Structure 4 Price Bump Case 1 Case 2 Case 3 $16.50 $16.75 $17.00 $17.25 $17.50 Total U $$/ ses $335 $335 $335 Price Bump ($) $—$0.25 $0.50 $0.75 $1.00 Cash to Escrow $197 $100 $100 Revolver Draw2 138 190—(x) Minority Float 1 19.1 19.1 19.1 19.1 19.1 Incremental Revolver Capacity 2—45—Bridge Financing3 — 235 Incremental Cost $—$5 $10 $14 $19 Interest Expense (Annual) 2,3 $9 $16 $24 4 (-) Interest Income (Annual) (8) (4) (4) Net Annual Cost of Financing5 $2 $12 $20 Total Cost to Bravo at: 6 Months to Close $0 $6 $10 9 Months to Close 1 9 15 12 Months to Close 2 12 20 Source: Bravo Illustrative Sources & Uses received on 4/22/25, Company Filings, U.S. Department of Treasury, Federal Reserve, Evercore Estimates 1. Based on preliminary sources & uses received from Bravo on 4/22/25 2. Revolver interest rate of SOFR + 225 bps, SOFR as of 4/30/25. Assumes same interest on incremental revolver capacity 3. Assumes 10% interest on bridge loan 4. Interest income on cash based on U.S. treasury yield curve as of 4/30/25 5. Based on 12-month treasury yield 5 Project Breeze

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Overview of Potential Financing Alternatives and Responses 1 Provide an equity backstop to ensure fully committed financing „ Potential to reduce equity backstop amount with partial cash escrow 2 Add terms to Bravo proposed financing structure „ Potential to include partial / full revolver draw and partial / full cash balance in escrow „ Termination fee (equity backstopped) or dividend 3 Bravo to obtain fully committed bank financing (would likely delay announcement timing) 4 Price increase from current $16.50 proposal 5 Mixture of above options 6 Project Breeze

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Projec Breeze

## Ex-99.Cviii

**Exhibit (c)(viii)**![LOGO](g947061dsp087.jpg)

Project Breeze Financial Case Summary May 7, 2025 Evercore

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

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Overview of Tango Management Financial Forecasts (Received 4/4/25) ($ in millions) Case A Case B (For Reference Only) Case A CAGR Case B (For Reference Only) CAGR FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E Revenue $1,153 $1,333 $1,414 $1,496 9% Revenue $1,108 $1,043 $942 $885 (7%) % Growth 16% 16% 6% 6% % Growth 11% (6%) (10%) (6%) % Gross Margin 38% 38% 37% 37% % Gross Margin 38% 36% 35% 35% Adj. EBITDA $243 $280 $297 $315 9% Adj. EBITDA $228 $188 $151 $133 (16%) % Margin 21% 21% 21% 21% % Margin 21% 18% 16% 15% Capex $62 $53 $57 $60 (1%) Capex (4/4/25) $57 $21 $19 $18 (32%) % of Revenue 5% 4% 4% 4% % of Revenue 5% 2% 2% 2% Capex (4/16/25) $62 $42 $38 $27 (25%) % of Revenue 6% 4% 4% 3% 9% '25E-'28E total revenue CAGR comprised of 17% CAGR (7%) '25E-'28E total revenue CAGR – ~60% of '25E DCX across Trust & Safety and AI Services and 2% CAGR in revenue lost by '28E, 9% CAGR across Trust & Safety and AI Digital Customer Experience (DCX) Services Steady 21% EBITDA margin based on continued 0.5% gross Accelerated margin erosion due to competitive market and margin erosion primarily from steady wage inflation and offset lower revenue growth by SG&A efficiencies Initial (4/4/25) Case B Capex forecast revised by Tango '26E-'28E Capex is 4% of revenue Management on 4/16/25 Source: Tango Management estimates for Case A and Case B received on 4/4/25, Other Considerations per 3/31/25 diligence discussion with Tango Management, Tango Management Case B Capex forecast received 4/16 3 Project Breeze

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Management Financials Case A ($ in millions) Case A Received April 4th; Extrapolations Informed by Discussions with Tango on March 31st – April 10th Unlevered Free Cash Flow Summary Management Forecast Extrap. Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,567 % Growth 16% 16% 6% 6% 5% Adj. EBITDA1 $210 $243 $280 $297 $315 $330 % Margin 21% 21% 21% 21% 21% 21% (-) Stock-Based Compensation (39) (46) (49) (52) (54) % of Revenue 3% 3% 3% 3% 3% Adj. EBITDA (SBC-burdened) $205 $234 $249 $263 $276 % Margin 18% 18% 18% 18% 18% (-) Depreciation (38) (43) (46) (49) (51) % of Revenue 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20) 2 (-) Other Pre-Tax Adjustments 2 (1) — — EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $204 % Margin 13% 13% 13% 13% 13% (-) Unlevered Taxes (54) (63) (68) (72) (76) % Tax Rate 37% 37% 37% 37% 37% NOPAT3 $92 $108 $115 $122 $129 (+) Depreciation 38 43 46 49 51 (+) Amortization of Intangibles 20 20 20 20 20 (-) Capital Expenditures (62) (53) (57) (60) (63) % of Revenue 5% 4% 4% 4% 4% (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (10) % of Change in Revenue 18% 10% 14% 14% 14% Unlevered FCF (SBC-burdened)4 $60 $100 $113 $120 $127 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations discussed between 3/31/25-4/10/25, Company Filings 1. Adj. EBITDA excludes the impact of stock-based compensation 3. Equivalent to GAAP Net Income plus tax-affected net interest expense 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense and $2mm foreign 4. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If exchange gain SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 4 Project Breeze

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Management Financials Case B (For Reference Only) ($ in millions) Case B Received April 4th; Extrapolations Received on April 16th Unlevered Free Cash Flow Summary Management Forecast Extrap. Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Revenue $995 $1,108 $1,043 $942 $885 $867 % Growth 11% (6%) (10%) (6%) (2%) Adj. EBITDA1 $210 $228 $188 $151 $133 $121 % Margin 21% 21% 18% 16% 15% 14% (-) Stock-Based Compensation (39) (36) (32) (31) (30) % of Revenue 4% 3% 3% 3% 3% Adj. EBITDA (SBC-burdened) $189 $152 $119 $102 $92 % Margin 17% 15% 13% 12% 11% (-) Depreciation (36) (34) (31) (29) (28) % of Revenue 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20) 2 (-) Other Pre-Tax Adjustments 2 (3) — — EBIT (SBC, Amort-burdened) $130 $98 $68 $54 $43 % Margin 12% 9% 7% 6% 5% (-) Unlevered Taxes (48) (36) (25) (20) (16) % Tax Rate 37% 37% 37% 37% 37% NOPAT3 $82 $62 $43 $34 $27 (+) Depreciation 36 34 31 29 28 (+) Amortization of Intangibles 20 20 20 20 20 (-) Capital Expenditures4 (62) (42) (38) (27) (26) % of Revenue 6% 4% 4% 3% 3% (-) (Increase) / Decrease in NWC (22) 16 15 8 2 % of Change in Revenue 19% 24% 15% 14% 14% Unlevered FCF (SBC-burdened)5 $54 $90 $71 $64 $52 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, 3. Equivalent to GAAP Net Income plus tax-affected net interest expense Company Filings 4. Revised Case B Capex forecast received from Tango Management on 4/16 1. Adj. EBITDA excludes the impact of stock-based compensation 5. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 5 Project Breeze

## Ex-99.Cix

**Exhibit (c)(ix)**![LOGO](g947061page001.jpg)

Project Breeze Discussion Materials May 8, 2025

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These materials have been prepared by Evercore Group L.L.C. ("Evercore") for the Special Committee of the Board of Directors of Tango to whom such materials are directly addressed and delivered and may not be used or relied upon for any purpose other than as specifically contemplated. These materials are based on information provided by or on behalf of the Company and/or other potential transaction participants, from public sources or otherwise reviewed by Evercore. Evercore assumes no responsibility for independent investigation or verification of such information and has relied on such information being complete and accurate in all material respects. To the extent such information includes estimates and forecasts of future financial performance prepared by or reviewed with the Management of the Company and/or other potential transaction participants or obtained from public sources, Evercore has assumed that such estimates and forecasts have been reasonably prepared on bases reflecting the best currently available estimates and judgments of such Management (or, with respect to estimates and forecasts obtained from public sources, represent reasonable estimates). No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. These materials were designed for use by specific persons familiar with the business and affairs of the Company. These materials are not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter. These materials have been developed by and are proprietary to Evercore and were prepared exclusively for the benefit and internal use of the Special Committee of the Board of Directors of the Company. These materials were compiled on a confidential basis for use by the Special Committee of the Board of Directors of the Company in evaluating the potential transaction described herein and not with a view to public disclosure or filing thereof under state or federal securities laws, and may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written consent of Evercore. These materials do not constitute an offer or solicitation to sell or purchase any securities and are not a commitment by Evercore (or any affiliate) to provide or arrange any financing for any transaction or to purchase any security in connection therewith. Evercore assumes no obligation to update or otherwise revise these materials. These materials may not reflect information known to other professionals in other business areas of Evercore and its affiliates. Evercore and its affiliates do not provide legal, accounting or tax advice. Accordingly, any statements contained herein as to tax matters were neither written nor intended by Evercore or its affiliates to be used and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on such taxpayer. Each person should seek legal, accounting and tax advice based on his, her or its particular circumstances from independent advisors regarding the impact of the transactions or matters described herein. Project Breeze

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**Table of Contents** Section Transaction Summary I Company Performance II Financial Analysis III Appendix Project Breeze

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I. Transaction Summary

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Transaction Summary Evercore Group L.L.C. ("Evercore") has been asked by the Special Committee of the Board of Directors of Tango (the "Company") whether, in Scope of Evercore's opinion, the Consideration of $16.50 per share to be received by holders of the Class A common stock, other than the Stakeholders Assignment and "Excluded Shares", "Continuing Shares" or "Dissenting Shares", in the transaction pursuant to the merger agreement is fair, from a financial point of view, to such holders. ª The Stakeholders have offered to acquire 100% of the outstanding shares of Class A common stock of Tango Transaction Overview that are not currently owned by the Stockholders in an all-cash take-private transaction at $16.50 per share Transaction Structure ª Reverse merger Financing ª $330mm equity commitment (may be reduced by escrowed Company cash) ª Approval by holders of a majority of outstanding voting power, approval by holders of a majority of outstanding voting power of Class A common stock, voting as a separate class, approval by holders of a majority of outstanding voting power of Class B common stock, voting as a separate class, and approval by holders of a Key Closing Conditions majority of the votes cast by the unaffiliated company stockholders ª Other customary conditions to closing, including expiration or termination of the HSR waiting period, no law or order prohibiting transaction, bring-down of reps and performance of covenants and no MAE Termination Fees ª Company termination fee: $39mm (approximately 2.5% of the equity value of the transaction) Timing ª Expected closing: 2H 2025 Source: Draft merger agreement dated 5/8/25, Bravo offer dated 4/23/25 5 Project Breeze

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Transaction Summary (Cont'd) ($ in millions, except per share data) Offer Premium to Share Price Transaction Multiples Implied Prem. Acquisition Tango To Tango Consideration Share Price Shareholders Tango at Transaction Consideration $16.50 Tango at Merger Consideration $16.50 % Premium to Current (5/8/25) 14.7% % Discount to 52-Week High Close (11/8/24) (12.9%) Current (5/8/25) $14.38 14.7% Fully Diluted Shares Outstanding 1 95.0 Premium to: Equity Value $1,568 1-Week Prior $14.00 17.9% 2 (+) Debt as of (3/31/25) 253 1-Month Prior 11.81 39.7% (-) Cash as of (3/31/25) 2 (197) 30-Day VWAP 13.06 26.3% Enterprise Value $1,624 60-Day VWAP 13.78 19.8% Case A 90-Day VWAP 14.42 Enterprise Value To: Metric 3 14.4% 6-Month VWAP 14.84 11.2% CY24A Revenue $995 1.6x 1-Year VWAP 14.38 14.7% CY25E Revenue 1,153 1.4 CY26E Revenue 1,333 1.2 2-Year VWAP 12.45 32.5% 3-Year VWAP 14.60 13.0% CY24A Adj. EBITDA $210 7.7x CY25E Adj. EBITDA 243 6.7 52-Week Low Close (4/7/25) $11.57 42.6% CY26E Adj. EBITDA 280 5.8 52-Week High Close (11/8/24) 18.94 (12.9%) Consensus Reference: Enterprise Value To: Metric CY25E Revenue $1,113 1.5x CY26E Revenue 1,225 1.3 CY25E Adj. EBITDA $233 7.0x CY26E Adj. EBITDA 261 6.2 Source: FactSet (5/8/25), Company Filings, Management Case A Estimates, Bravo offer dated 4/23/25 1. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 5/5/25 per Tango management. Excludes PSUs not expected to vest, per Tango Management guidance. FDSO calculated using treasury stock method treatment of in-the-money options 2. As of 3/31/25, per Tango Draft Q1 Earnings Release received 4/30/25 3. Case A received from Management 4/4/25 6 Project Breeze

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II. Company Performance

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Tango – Company Overview ($ in millions) Business Description Financial Summary – Case A1 Status: Public CAGR Founded: 2008 CYE 12/31, 2023A 2024A 2025E 2026E '24A-'26E Revenue $924 $995 $1,153 $1,333 16% Headquarters: New Braunfels, TX Employees: ~59,000 % Growth (4%) 8% 16% 16% Gross Profit $386 $392 $442 $504 13% % Gross Margin 42% 39% 38% 38% ü Provides outsourced services, primarily serving high-growth Adj. EBITDA $221 $210 $243 $280 16% technology companies across three main service offerings: % Margin 24% 21% 21% 21% „ Digital Customer Experience (DCX): Omnichannel Adj. EBITDA—Capex $190 $170 $181 $227 15% customer support, technical support, and customer care % Margin 21% 17% 16% 17% operations across voice, chat, email, and social platforms Capitalization Valuation Metrics „ Trust & Safety: Solutions for content review, online safety, USD ($) 2024A 2025E 2026E fraud prevention, and regulatory compliance to protect users Current Price (5/8/25) $14.38 TEV / Revenue 1.4x 1.2x 1.1x and platforms 52-Week High 18.94 TEV / Adj. EBITDA 6.8 5.8 5.1 % of 52 Week High 75.9% TEV / FCF 3 8.3 7.8 6.3 „ AI Services: Human-in-the-loop data annotation, training data creation, and model evaluation to support AI (x) FDSO 2 94.9 Market Capitalization $1,365 Leverage Metrics development 4 (+) Debt (3/31/25) 253 Gross Debt / 2024A Adj. EBITDA 1.2x (-) Cash (3/31/25) 4 (197) Net Debt / 2024A Adj. EBITDA 0.3 ü Serves ~200 clients across innovative target markets including TEV $1,421 social media, retail & e-commerce, streaming media and technology & AI Key Management Revenue Breakdown (2024A) ü Bryce Maddock – Chief Executive Officer & Co-Founder By Geography By Segment ü Jasper Weir – President & Co-Founder RoW ü Balaji Sekar – Chief Financial Officer AI Services 19% 14% ü Jarrod Johnson – Chief Customer Officer ü Chandra Venkataramani – Chief Information Officer ü Stephan Daoust – Chief Operating Officer India Trust + 12% Philippines Safety Digital ü Snow Burns – Sr. Vice President, Marketing 57% 25% Customer ü Claudia Walsh – General Counsel US Experience 12% 61% Source: Company filings, Company website, FactSet (5/8/25) 1. Tango Management estimates received 4/4/25 2024A Revenue: $995mm 2. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 5/5/25 per Tango management. Excludes PSUs not expected to vest, per Tango Management guidance. FDSO calculated using treasury stock method treatment of in-the-money options 3. Represents Adj. EBITDA minus Capex 4. As of 3/31/25, per Tango Draft Q1 Earnings Release received 4/30/25 8 Project Breeze

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Tango Share Price Performance ($) Jun. 10, 2021 Share Price Performance 400% Announced pricing of IPO at $23.00 per share Customer Tango Experience Since 3 Months Ago (11%) 3% Oct. 25, 2021 Since 6 Months Ago (24%) (3%) Announced closing of secondary offering at Since 1 Year Ago 13% (15%) $63.50 per share Since 2 Years Ago 18% (41%) resulting in $765mm+ of 300% gross proceeds Since 3 Years Ago (38%) (70%) Since IPO1 (37%) (71%) Apr. 19, 2022 Nov. 30, 2022 Announced acquisition of OpenAI introduced Heloo, expanding ChatGPT Feb. 27, 2024 European operations Klarna announces that its 200% AI Assistant handled 2/3 of Jan. 7, 2025 customer service chats in Meta announced end of its first month third-party fact-checking Sep. 7, 2022 program Announced $100mm Share Repurchase Program Mar. 12, 2025 Initial Bravo NBO 100% 1 Price Consideration $23.00 $16.50 $14.38 (37%) (71%) 0% 6/10/21 3/22/22 1/2/23 10/14/23 7/26/24 5/8/25 Tango Earnings Company Specific Key Events Customer Experience Key Events Sector Key Events Companies 9 Project Breeze Source: FactSet (5/8/25), Company Filings, Press Releases Note: Customer Experience Companies include Teleperformance, Telus International, Concentrix, TTEC and IBEX 1. Chart begins at Tango's price of $23.00 on day of IPO (6/10/21)

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Overview of Tango Management Financial Forecasts (Received 4/4/25) ($ in millions) Case A Case B (For Reference Only) Case A CAGR Case B (For Reference Only) CAGR FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E FYE Dec 31, 2025E 2026E 2027E 2028E '25E-'28E Revenue $1,153 $1,333 $1,414 $1,496 9% Revenue $1,108 $1,043 $942 $885 (7%) % Growth 16% 16% 6% 6% % Growth 11% (6%) (10%) (6%) % Gross Margin 38% 38% 37% 37% % Gross Margin 38% 36% 35% 35% Adj. EBITDA $243 $280 $297 $315 9% Adj. EBITDA $228 $188 $151 $133 (16%) % Margin 21% 21% 21% 21% % Margin 21% 18% 16% 15% Capex $62 $53 $57 $60 (1%) Capex (4/16/25) $62 $42 $38 $27 (25%) % of Revenue 5% 4% 4% 4% % of Revenue 6% 4% 4% 3% ü 9% '25E-'28E total revenue CAGR comprised of 17% ü (7%) '25E-'28E total revenue CAGR – ~60% of '25E DCX CAGR across Trust & Safety and AI Services and 2% revenue lost by '28E, 9% CAGR across Trust & Safety and CAGR in Digital Customer Experience (DCX) AI Services ü Steady 21% EBITDA margin based on continued 0.5% ü Accelerated margin erosion due to competitive market and gross margin erosion primarily from steady wage inflation lower revenue growth and offset by SG&A efficiencies ü Initial (4/4/25) Case B Capex forecast revised by Tango ü '26E-'28E Capex is 4% of revenue Management on 4/16/25 Source: Tango Management estimates for Case A and Case B received on 4/4/25, Tango Management Case B Capex forecast received 4/16 10 Project Breeze

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Tango Management Financial Forecast Comparison ($ in millions) Broker Case B '24A—'27E Case A (For Reference Only) Consensus % Delta vs. Case A: CAGR (3%) (4%) (8%) (22%) (1%) (33%) (41%) $1,414 $1,496 9% $1,333 $1,225 $1,352 $1,153 $1,113 $995 $1,108 $1,043 Revenue 16% $942 $885 8% 16% 12% 10% 11% 10% % Growth 8% 6% 6% (1%) (6%) NA (6%) (10%) 2024A 2025E 2026E 2027E 2028E $528 $531 $551 $442 $437 $504 $479 8% $392 $420 GAAP $374 $333 $308 8% 38% 40% 38% 38% 41% 37% 41% 37% Gross Profit 39% 36% 35% % Margin 35% (4%) NA 2024A 2025E 2026E 2027E 2028E $297 $315 9% $280 $292 $243 $261 Adj. $233 $228 $210 $188 9% EBITDA1 $151 $133 21% 21% 21% 21% 21% 21% 18% 21% 22% 21% % Margin 16% NA 15% (8%) 2024A 2025E 2026E 2027E 2028E $174 $162 $162 13% $142 $141 $120 Free Cash $100 $102 $100 $92 $86 $84 13% Flow2 8% 9% 8% 11% 12% 11% 11% 12% 11% 12% 9% (0)% % Margin 10% NA 2024A 2025E 2026E 2027E 2028E 11 Project Breeze Source: Tango Management estimates received 4/4/25, Broker Research Note: Consensus figures reflect median of Broker estimates 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Represents Cash Flow from Operations minus Capex; 2025E-2028E Case B Capex figures per Tango Management guidance on 4/16/25, original estimates received on 4/4/25

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Management Financials Case A ($ in millions) Case A Received April 4th; Extrapolations Informed by Discussions with Tango on March 31st – April 10th Unlevered Free Cash Flow Summary 2029E Extrapolation Management Forecast Extrapolation ü Revenue growth steps down to 5% Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal ü Adjusted EBITDA Margin remains flat at 21% margin Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,567 $1,567 ü Stock-Based Compensation and Depreciation % Growth 16% 16% 6% 6% 5% remain flat at 3% of revenue Adj. EBITDA1 $210 $243 $280 $297 $315 $330 $330 Capex remains flat at 4% of revenue % Margin 21% 21% 21% 21% 21% 21% 21% ü ü Amortization remains flat at $20mm (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) % of Revenue 3% 3% 3% 3% 3% 3% ü Other Pre-Tax Adjustments remain equal to $0 Adj. EBITDA (SBC-burdened) $205 $234 $249 $263 $276 $276 ü Change in Net Working Capital remains flat at 14% % Margin 18% 18% 18% 18% 18% 18% of change in revenue (-) Depreciation (38) (43) (46) (49) (51) (51) ü Effective Tax Rate remains flat at 37% % of Revenue 3% 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Perpetuity Assumptions 2 (-) Other Pre-Tax Adjustments 2 (1) — ——ü Adjusted EBITDA Margin remains flat relative to EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $204 $224 2028E and 2029E at 21% margin % Margin 13% 13% 13% 13% 13% 14% ü Stock-Based Compensation and Depreciation (-) Unlevered Taxes (54) (63) (68) (72) (76) (83) remain flat at 3% of revenue % Tax Rate 37% 37% 37% 37% 37% 37% ü Capex decreases to $51mm in perpetuity, matching NOPAT3 $92 $108 $115 $122 $129 $141 perpetuity Depreciation levels (+) Depreciation 38 43 46 49 51 51 ü Amortization of Intangibles and Other Pre-Tax (+) Amortization of Intangibles 20 20 20 20 20—Adjustments equal to $0 in perpetuity (-) Capital Expenditures (62) (53) (57) (60) (63) (51) % of Revenue 5% 4% 4% 4% 4% 3% ü Change in Net Working Capital remains flat at 14% (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (10) (9)4 of change in revenue % of Change in Revenue 18% 10% 14% 14% 14% 14% ü Effective Tax Rate remains flat at 37% Unlevered FCF (SBC-burdened)5 $60 $100 $113 $120 $127 $133 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations discussed between 3. Equivalent to GAAP Net Income plus tax-affected net interest expense 3/31/25-4/10/25, Company Filings 4. Terminal year Change in Net Working Capital calculated using 14% of change in revenue based on Tango 1. Adj. EBITDA excludes the impact of stock-based compensation Management guidance 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense and $2mm foreign exchange 5. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If gain SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 12 Project Breeze

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III. Financial Analysis

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Illustrative Financial Analysis Summary ($ in millions, except per share data) Current Price: Current 2 $14.38 Proposal: $16.50 Total Enterprise Implied CY25E Implied CY26E Key Metrics and Methodologies Implied Share Price 1 Value 3 Adj. EBITDA4 Adj. EBITDA4 Select Public Company EBITDA Multiples $12.20 $14.80 CY25E Case A Adj. EBITDA $243 $1,217—$1,460 5.0x—6.0x 4.3x—5.2x Peer CY25 Multiple Range: 5.0x—6.0x Trading Multiples Select Public Company EBITDA Multiples $12.70 $15.60 CY26E Case A Adj. EBITDA $280 $1,261—$1,541 5.2x—6.3x 4.5x—5.5x Peer CY26 Multiple Range: 4.5x—5.5x Transaction Multiples Transaction $10.90 $26.70 LTM Adj. EBITDA (@ 3/31/25): $219 $1,093—$2,622 4.5x—10.8x 3.9x—9.4x Multiples Transaction LTM Multiples: 5.0x—12.0x 5-Year Discounted Cash Flows (PGR) Perpetuity Growth Rate: 3.0%—5.0% $12.40 $20.20 DCF Case A $1,242—$1,982 5.1x—8.1x 4.4x—7.1x Discount Rate: 10.5%—12.5% (As of 12/31/24) 5-Year Discounted Cash Flows (PGR) DCF Case B Perpetuity Growth Rate: 2.5%—4.5% $5.10 $7.50 $543—$770 2.2x—3.2x 1.9x—2.7x (For Reference Only) Discount Rate: 10.5%—12.5% (As of 12/31/24) Premiums Paid to Unaffected 30D VWAP Premiums Paid: 20.0%—50.0% $15.70 $19.60 $1,545—$1,921 6.3x—7.9x 5.5x—6.9x 30 Day VWAP (as of 5/8/25): $13.06 For 52-Week Trading Range 5 Reference $11.57 $18.94 $1,152—$1,858 4.7x—7.6x 4.1x—6.6x as of 5/8/25 Only Broker Price Targets 6 $13.00 $21.00 $1,289—$2,058 5.3x—8.5x 4.6x—7.3x As of 5/8/25 (Based on Available Analysts) Founder & Group / TDCX Capital Square Partners / Startek Teleperformance / Majorel Concentrix / Webhelp (3/1/24) (10/10/23) (4/26/23) (3/29/23) Source: FactSet (5/8/25), Tango Management estimates received 4/4/25, Extrapolations discussed 3/31/25-4/10/25, Company Filings, Tango Draft Q1 Earnings Release received 4/30/25, Bravo offer dated 4/23/25 Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations; 3/31/25 net debt calculated using $197mm cash and $253mm debt per Tango Draft Q1 Earnings Release received 4/30/25; 12/31/24 net debt calculated using $192mm cash and $256mm debt per Tango 2024 10K 14 Project Breeze 1. Implied Share Price rounded to the nearest $0.10 (excl. 52-week trading range) balance sheet information; Class A and Class B shares, RSUs, PSUs, and 5. Based on low and high end of 52-week trading range 2. Bravo offer dated 4/23/25 options outstanding as of 5/5/25 per Tango management, excludes PSUs not 6. Based on low and high end of Broker Price Targets 3. Trading Multiples, Transaction Multiples, Premiums Paid, 52-Week Trading, expected to vest, per Tango Management guidance; FDSO calculated using and Broker Price Targets based on 3/31/25 balance sheet information (per treasury stock method treatment of in-the-money options Tango Draft Q1 Earnings Release received 4/30/25); DCF based on 12/31/24 4. CY25E and CY26E figures represent Case A figures

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Trading Multiples Analysis 2025E TEV / Adj. EBITDA1 2026E TEV / Adj. EBITDA1 7.6x Customer Experience Median: 5.2x Customer Experience Median: 4.9x 6.1x 6.2x 5.8x 5.2x 5.2x 5.3x 5.4x 5.1x 5.1x 4.9x 5.0x 4.9x NA Tango Tango Tango 2,3 2,4 Tango Tango Tango 2,3 2,4 Case A Consensus Case B Case A Consensus Case B Tango Tango Tango Customer Experience Case A Consensus Case B Companies (For Reference Only) Source: Tango Management estimates received 4/4/25, FactSet (5/8/25), Broker Research Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations Note: Consensus figures reflect median of Broker estimates 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Teleperformance and TELUS International adjusted from IFRS to U.S. GAAP – key adjustments include burdening EBITDA by depreciation of right-of-use assets and lease interest expense. Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS International assumed to be consistent with prior year % of revenue, applied to forward consensus revenue 3. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 4. TELUS International Adj. EBITDA is unburdened for stock-based compensation to align with other companies shown 15 Project Breeze

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Historical Valuation Multiples TEV / NTM Adj. EBITDA1 54.0x TEV / NTM Adj. EBITDA Averages1 Tango (Consensus) Customer Experience Companies 3 45.0x Current 5.7x Current 5.1x 1-Year Average 6.5 1-Year Average 4.9 2-Year Average 6.1 2-Year Average 5.3 3-Year Average 7.0 3-Year Average 6.5 Since 7/1/212 10.6 Since 7/1/212 8.0 36.0x 27.0x 22.5x 18.0x 14.8x 9.0x 5.7x 5.1x 0.0x 2 Jul-21 Apr-22 Jan-23 Oct-23 Jul-24 May-25 3 Source: FactSet (5/8/25), Company Filings Tango (Consensus) Customer Experience Companies Note: Customer Experience Companies include Teleperformance, Telus International, Concentrix and IBEX 1. Adj. EBITDA excludes the impact of stock-based compensation 2. Data begin on 7/1/21 due to lack of availability of broker-reported Adj. EBITDA from 6/10/21 IPO through 7/1/21 3. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 16 Project Breeze

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Transaction Multiples ($ in millions, except per share data) Total Enterprise TEV / Date Announced Acquirer Target Value LTM Adj. EBITDA1 3/1/24 Founder & Group TDCX $685 5.2x2 10/10/23 Capital Square Partners Startek 217 5.93 4/26/23 Teleperformance Majorel 3,143 7.74 3/29/23 Concentrix Webhelp 4,768 11.85 Mean $2,203 7.6x For Reference Only: Median 1,914 6.8 Pre-AI Sector Correction 6 6/18/21 Sitel Group Sykes Enterprises $2,119 9.7x 12/4/19 TELUS International Competence Call Centre 1,015 10.77 7/9/19 Groupe Bruxelles Lambert Webhelp 2,690 NA 6/28/18 Synnex Convergys 2,528 7.48 6/14/18 Teleperformance Intelenet 1,045 12.6 9,10 Mean $1,879 10.1x Median 2,119 10.2 Source: Company filings, Press Releases 6. Reflects LTM Adj. EBITDA as of 6/30/21 Note: Exchange rate reflected as of announcement date 7. Reflects LTM Adj. EBITDA as of 12/31/19 1. Sykes and Convergys adjusted to reflect Adj. EBITDA unburdened by stock-based compensation 8. Reflects LTM Adj. EBITDA as of 6/30/18 2. Reflects LTM Adj. EBITDA as of 12/31/23 9. Reflects LTM EBITDA as of 3/31/18 3. Reflects LTM Adj. EBITDA as of 9/30/23 10. Multiples are presented on an IFRS-16 basis 4. Reflects LTM Operating EBITDA as of 6/30/23 5. Reflects LTM Adj. EBITDA as of 3/31/23 17 Project Breeze

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Discounted Cash Flow Analysis Case A ($ in millions, except per share data) Valuation as of 12/31/24 – 11.5% WACC, 4.0% Perpetuity Growth Rate Management Forecast Extrapolation Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Implied Per Share Valuation Revenue $995 $1,153 $1,333 $1,414 $1,496 $1,567 $1,567 4.00% 6.0x % Growth 16% 16% 6% 6% 5% PGR EBITDA Adj. EBITDA $210 $243 $280 $297 $315 $330 $330 Terminal Cash Flow / Adj. EBITDA $133 $330 % Margin 21% 21% 21% 21% 21% 21% 21% Terminal Value 1,840 1,977 Discount Factor 0.613x 0.580x (-) Stock-Based Compensation (39) (46) (49) (52) (54) (54) (-) Depreciation (38) (43) (46) (49) (51) (51) PV of Terminal Value $1,128 $1,147 (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Plus: PV of Projected FCF 388 388 (-) Other Pre-Tax Adjustments1 (1) — ——Total Enterprise Value $1,516 $1,535 EBIT (SBC, Amort-burdened) $146 $171 $183 $194 $204 $224 Plus: Cash 192 192 % Margin 13% 13% 13% 13% 13% 14% Less: Debt (256) (256) (-) Unlevered Taxes (54) (63) (68) (72) (76) (83) Equity Value $1,452 $1,471 % Tax Rate 37% 37% 37% 37% 37% 37% (/) FDSO 2 95.0 95.0 (+) Depreciation 38 43 46 49 51 51 Price Per Share $15.28 $15.49 (+) Amortization of Intangibles 20 20 20 20 20—% Premium to Close (5/8/25) 6.3% 7.7% (-) Capital Expenditures (62) (53) (57) (60) (63) (51) Implied Terminal EBITDA Multiple 5.9x (-) (Increase) / Decrease in NWC (28) (18) (11) (11) (10) (9)3 Implied PGR 4.1% Unlevered FCF (SBC-burdened) $60 $100 $113 $120 $127 $133 (x) Discount Factor @ 11.5% Disc. Rate 0.95x 0.85x 0.76x 0.68x 0.61x PV of Unlevered FCF $56 $85 $86 $82 $78 NPV of Projected Cash Flows $388 Implied Price Per Share Implied Terminal EBITDA Mult. Implied Price Per Share Implied PGR Perpetuity Growth Rate Perpetuity Growth Rate Terminal Value Multiple Terminal Value Multiple 3.00% 4.00% 5.00% 3.00% 4.00% 5.00% 5.5x 6.0x 6.5x 5.5x 6.0x 6.5x 10.5% $15.95 $17.75 $20.19 5.9x 6.8x 8.0x $15.09 $16.14 $17.18 2.6% 3.2% 3.7% Discount Rat e 11.5% 13.96 15.28 17.00 5.2 5.9 6.8 14.49 15.49 16.49 3.5% 4.1% 4.7% 12.5% 12.40 13.39 14.65 4.7 5.2 5.9 13.92 14.87 15.83 4.4% 5.0% 5.6% Source: FactSet (5/8/25), Tango Management estimates received 4/4/25, Tango Management extrapolations discussed between 3/31/25-4/10/25, Company Filings Note: Total Enterprise Value excludes the impact of underfunded employee benefit obligations 18 Project Breeze 1. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense and using treasury stock method treatment of in-the-money options $2mm foreign exchange gain 3. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango 2. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 5/5/25 per Tango Management guidance management. Excludes PSUs not expected to vest, per Tango Management guidance. FDSO calculated

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Discounted Cash Flow Analysis Case B (For Reference Only) ($ in millions, except per share data) Valuation as of 12/31/24 – 11.5% WACC, 3.5% Perpetuity Growth Rate Management Forecast Extrapolation 2 Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal Implied Per Share Valuation Revenue $995 $1,108 $1,043 $942 $885 $867 $867 3.50% 5.0x % Growth 11% (6%) (10%) (6%) (2%) PGR EBITDA Adj. EBITDA $210 $228 $188 $151 $133 $121 $139 Terminal Cash Flow / Adj. EBITDA $47 $139 % Margin 21% 21% 18% 16% 15% 14% 16% Terminal Value 607 694 Discount Factor 0.613x 0.580x (-) Stock-Based Compensation (39) (36) (32) (31) (30) (30) (-) Depreciation (36) (34) (31) (29) (28) (23) PV of Terminal Value $372 $403 (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Plus: PV of Projected FCF 258 258 (-) Other Pre-Tax Adjustments1 (3) — ——Total Enterprise Value $629 $660 EBIT (SBC, Amort-burdened) $130 $98 $68 $54 $43 $86 Plus: Cash 192 192 % Margin 12% 9% 7% 6% 5% 10% Less: Debt (256) (256) (-) Unlevered Taxes (48) (36) (25) (20) (16) (32) Equity Value $565 $596 % Tax Rate 37% 37% 37% 37% 37% 37% (/) FDSO 3 94.5 94.5 (+) Depreciation 36 34 31 29 28 23 Price Per Share $5.98 $6.31 (+) Amortization of Intangibles 20 20 20 20 20—% Premium to Close (5/8/25) (58.4%) (56.1%) (-) Capital Expenditures (62) (42) (38) (27) (26) (26) Implied Terminal EBITDA Multiple 4.6x (-) (Increase) / Decrease in NWC (22) 16 15 8 2 (4)4 Implied PGR 4.6% Unlevered FCF (SBC-burdened) $54 $90 $71 $64 $52 $47 (x) Discount Factor @ 11.5% Disc. Rate 0.95x 0.85x 0.76x 0.68x 0.61x PV of Unlevered FCF $51 $76 $54 $44 $32 NPV of Projected Cash Flows $258 Implied Price Per Share Implied Terminal EBITDA Mult. Implied Price Per Share Implied PGR Perpetuity Growth Rate Perpetuity Growth Rate Terminal Value Multiple Terminal Value Multiple 2.50% 3.50% 4.50% 2.50% 3.50% 4.50% 4.5x 5.0x 5.5x 4.5x 5.0x 5.5x 10.5% $6.27 $6.78 $7.47 4.7x 5.3x 6.0x $6.11 $6.56 $7.00 2.7% 3.6% 4.3% Discount Rate 11.5% 5.60 5.98 6.47 4.2 4.6 5.2 5.88 6.31 6.73 3.7% 4.6% 5.3% 12.5% 5.07 5.36 5.71 3.8 4.1 4.6 5.66 6.07 6.47 4.7% 5.6% 6.4% Source: FactSet (5/8/25), Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, Company Filings Note: Total Enterprise Value excludes the impact of underfunded employee benefit obligations 19 Project Breeze 1. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense using treasury stock method treatment of in-the-money options 2. Case B terminal year cash flow assumptions per Tango management on 4/16/25 4. Terminal year Change in Net Working Capital calculated using % of change in revenue based on Tango 3. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 5/5/25 per Tango Management guidance management. Excludes PSUs not expected to vest, per Tango Management guidance. FDSO calculated

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Appendix

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Management Financials Case B (For Reference Only) ($ in millions) Case B Received April 4th; Extrapolations Received on April 16th Unlevered Free Cash Flow Summary 2029E Extrapolation Management Forecast Extrapolation ü Revenue decline reduces to (2%) Fiscal Year End 12/31, 2024A 2025E 2026E 2027E 2028E 2029E Terminal5 ü Adjusted EBITDA Margin steps down to 14% Revenue $995 $1,108 $1,043 $942 $885 $867 $867 ü Stock-Based Compensation and Depreciation % Growth 11% (6%) (10%) (6%) (2%) remain flat at 3% of revenue Adj. EBITDA1 $210 $228 $188 $151 $133 $121 $139 flat at 3% of % Margin 21% 21% 18% 16% 15% 14% 16% ü Capex remains revenue ü Amortization remains flat at $20mm (-) Stock-Based Compensation (39) (36) (32) (31) (30) (30) % of Revenue 4% 3% 3% 3% 3% 3% ü Other Pre-Tax Adjustments remain equal to $0 Adj. EBITDA (SBC-burdened) $189 $152 $119 $102 $92 $109 ü Change in Net Working Capital remains flat at 14% % Margin 17% 15% 13% 12% 11% 13% of change in revenue (-) Depreciation (36) (34) (31) (29) (28) (23) ü Effective Tax Rate remains flat at 37% % of Revenue 3% 3% 3% 3% 3% 3% (-) Amortization of Intangibles (20) (20) (20) (20) (20)—Perpetuity Assumptions 2 (-) Other Pre-Tax Adjustments 2 (3) — ——ü Adjusted EBITDA Margin normalizes at 16% in EBIT (SBC, Amort-burdened) $130 $98 $68 $54 $43 $86 perpetuity % Margin 12% 9% 7% 6% 5% 10% ü Stock-Based Compensation remains flat at 3% of (-) Unlevered Taxes (48) (36) (25) (20) (16) (32) revenue % Tax Rate 37% 37% 37% 37% 37% 37% ü Capex remains flat at 3% of revenue, terminal NOPAT3 $82 $62 $43 $34 $27 $54 Depreciation equal to $23 (+) Depreciation 36 34 31 29 28 23 ü Amortization of Intangibles and Other Pre-Tax (+) Amortization of Intangibles 20 20 20 20 20—Adjustments equal to $0 in perpetuity (-) Capital Expenditures4 (62) (42) (38) (27) (26) (26) % of Revenue 6% 4% 4% 3% 3% 3% ü Change in Net Working Capital remains flat at 14% (-) (Increase) / Decrease in NWC (22) 16 15 8 2 (4)6 of change in revenue % of Change in Revenue 19% 24% 15% 14% 14% 14% ü Effective Tax Rate remains flat at 37% Unlevered FCF (SBC-burdened)7 $54 $90 $71 $64 $52 $47 Source: Tango Management estimates received 4/4/25, Tango Management extrapolations received 4/16/25, 5. Case B terminal year cash flow assumptions per Tango management on 4/16/25 Company Filings 6. Terminal year Change in Net Working Capital calculated using 14% of change in revenue based on Tango 1. Adj. EBITDA excludes the impact of stock-based compensation Management guidance 2. 2025E Other Pre-Tax Adjustments comprised of ($3mm) litigation expense 7. Unlevered FCF shown above treats SBC as a cash expense and thus does not add back SBC expense. If 3. Equivalent to GAAP Net Income plus tax-affected net interest expense SBC were added back, Unlevered FCF would equal CFO less Capex plus tax affected net interest expense 4. Revised Case B Capex forecast received from Tango Management on 4/16 21 Project Breeze

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Selected Publicly Traded Companies ($ in millions, expect per share data) 2 Share % of Total Revenue Revenue Gross Profit Adj. EBITDA Growth Margin Margin TEV / Revenue TEV / Adj. EBITDA2 Price 52-Week Market Enterprise CAGR Company 5/8/25 High Cap Value1 CY24A CY25E '24A-'26E CY25E CY26E CY25E CY26E CY24A CY25E CY26E CY24A CY25E CY26E 3 3 Tango Case A $14.38 75.9% $1,365 $1,421 7.6% 15.9% 15.7% 38.3% 37.8% 21.1% 21.0% 1.4x 1.2x 1.1x 6.8x 5.8x 5.1x Tango (Consensus) 7.6% 11.9% 11.0% 39.6% 40.5% 21.0% 21.3% 1.4 1.3 1.2 6.8 6.1 5.4 Tango Case B (For Reference Only) 7.6% 11.3% 2.4% 37.9% 35.8% 20.6% 18.0% 1.4 1.3 1.4 6.8 6.2 7.6 Customer Experience Teleperformance 4,5 $103.71 77.1% $6,394 $10,367 25.8% 0.2% 1.6% 27.5% 27.2% 17.2% 17.2% 0.9x 0.9x 0.8x 5.1x 5.1x 4.9x Concentrix 52.03 68.8% 3,548 8,142 31.3% (0.1%) 1.2% 36.1% NA 16.4% 16.7% 0.8 0.8 0.8 5.2 5.2 4.9 4,6 TELUS International 2.65 39.4% 783 1,869 (1.8%) 4.4% 4.1% 36.4% 36.5% 12.9% 13.0% 0.7 0.7 0.6 4.5 5.2 5.0 IBEX 25.66 94.0% 366 375 0.7% 4.3% NA 31.1% NA 13.1% NA 0.7 0.7 NA 5.6 5.3 NA Mean 69.9% 14.0% 2.2% 2.3% 32.8% 31.8% 14.9% 15.6% 0.8x 0.8x 0.8x 5.1x 5.2x 5.0x Median 73.0% 13.3% 2.3% 1.6% 33.6% 31.8% 14.7% 16.7% 0.8 0.8 0.8 5.2 5.2 4.9 Reference TTEC 7 $4.00 48.2% $208 $1,119 (10.4%) (7.8%) (5.3%) 22.2% 22.9% 10.8% 11.1% 0.5x 0.5x 0.6x 5.5x 5.1x 5.1x Source: Tango Management estimates received 4/4/25, Company filings, FactSet (5/8/25) 1. Total Enterprise Values exclude the impact of underfunded employee benefit obligations 2. Adjusted to reflect Adj. EBITDA before taking into account stock-based compensation 3. Class A and Class B shares, RSUs, PSUs, and options outstanding as of 5/5/25 per Tango management. Excludes PSUs not expected to vest, per Tango Management guidance. FDSO calculated using treasury stock method treatment of in-the-money options 4. Teleperformance and TELUS International adjusted from IFRS to U.S. GAAP – key adjustments include burdening EBITDA by depreciation of right-of-use assets and lease interest expense; Forward depreciation of right-of-use assets and lease interest expense for Teleperformance and TELUS International assumed to be consistent with prior year % of revenue, applied to forward consensus revenue 5. Teleperformance financials reflect pro forma figures following its acquisition of ZP Better Together, which closed on 2/5/25 6. TELUS International Adj. EBITDA is unburdened for stock-based compensation to align with select publicly traded companies 7. TTEC is included as a reference but excluded from analysis following the Company's announcement of its intent to go private on 9/30/24 22 Project Breeze

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Weighted Average Cost of Capital (WACC) ($ in millions) Selected Public Companies—Cost of Capital Cost of Equity and WACC Calculation Share Total Gross Historical Supply-Side Price Market Enterprise Gross Debt to Adj. Unl. Tango Peers Tango Peers Company 5/8/25 Cap Value Debt Equity Beta2 Beta2 Risk Free Rate1 4.9% 4.9% 4.9% 4.9% Tango Case A $14.38 $1,365 $1,421 $253 18.5% 1.18 1.05 Unlevered Beta2 1.05 0.65 1.05 0.65 Customer Experience Teleperformance $103.71 $6,394 $10,367 $5,246 82.0% 1.20 0.74 Debt / Equity Ratio 18.5% 110.1% 18.5% 110.1% Concentrix 52.03 3,548 8,142 4,902 138.2% 1.11 0.55 TELUS 2.65 783 1,869 1,276 162.9% 1.17 0.53 Tax Rate3 36.9% 36.9% 36.9% 36.9% IBEX 25.66 366 375 21 5.6% 0.96 0.92 4 Levered Beta 1.18 1.09 1.18 1.09 Mean 97.2% 1.11 0.69 Market Risk Premium5 7.3% 7.3% 6.3% 6.3% Median 110.1% 1.14 0.65 Size Premium5 0.9% 0.9% 0.9% 0.9% WACC—Sensitivities Cost of Equity6 14.3% 13.7% 13.1% 12.6% WACC Historical Supply-Side Pre-tax Cost of Debt7 6.9% 6.9% 6.9% 6.9% WACC WACC Debt / Equity Ratio Debt / Equity Ratio After-tax Cost of Debt 4.4% 4.4% 4.4% 4.4% 15.0% 20.0% 25.0% 15.0% 20.0% 25.0% Equity to Total Cap. 84.4% 47.6% 84.4% 47.6% 0.60 9.7% 9.6% 9.5% 0.60 9.1% 9.0% 8.9% Unl. Unl. 0.85 11.5% 11.3% 11.2% 0.85 10.6% 10.5% 10.4% Beta Beta 8 WACC 12.8% 8.8% 11.7% 8.3% 1.10 13.2% 13.1% 12.9% 1.10 12.1% 12.0% 11.8% Source: Company filings, FactSet (5/8/25), Ibbotson, Bloomberg 4. Levered Beta = Unlevered Beta \* (1 + (1 – Tango's Tax Rate) \* (Debt / Equity)) Note: Total Enterprise Values exclude the impact of underfunded employee benefit obligations 5. Kroll (2024). The market size of $1,365mm assumed for Tango is equivalent to a 8th decile size premium 1. 20-year Treasury rate as of 5/8/25 6. Cost of Equity = Risk Free Rate + (Market Risk Premium \* Levered Beta) 2. Raw Beta based on average of two-year weekly Beta, calculated in comparison to the MSCI World Index. Adjusted Beta = 7. Based off Tango's 9/22 senior secured term loan YTM of 6.949% as of 5/8/25 (2/3) \* Raw Beta + (1/3) \* 1. Unlevered Beta = Levered Beta / (1 + (1—Tax rate) \* (Debt / Equity)) 8. WACC = Cost of Equity \* Equity to Total Capitalization + After-tax Cost of Debt \* (1—Equity to Total Capitalization) 3. Assumes 36.9% tax rate provided by Management

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North America Take Private Premiums Paid Analysis Analysis of last 3 years of Tech sector, take private transactions with TEV $1.0bn – $3.0bn (15 Deals) Premium to Unaffected Premium to 30-Day VWAP1 Number of Deals Number of Deals 1 1 3—3 7 1 2 1 2 4 5 Median: 48.2% Median: 44.1% Mean: 46.3% 46.7% Mean: 42.7% 33.3% 26.7% 20.0% 20.0% 13.3% 13.3% 6.7% 6.7% 6.7% 6.7% 0.0% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% Premium to 60-Day VWAP1 Premium to 90-Day VWAP1 Number of Deals Number of Deals 4 3 — 2 6 4 1 2 2 1 5 Median: 40.1% Median: 34.6% Mean: 32.9% Mean: 33.8% 40.0% 33.3% 26.7% 26.7% 20.0% 13.3% 13.3% 13.3% 6.7% 6.7% 0.0% 0.0% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% <10% 10%-20% 20%-30% 30%-40% 40%-50% >50% Source: London Stock Exchange Group, FactSet, Company Filings Note: Analysis only includes tech industry transactions 1. VWAP relative to unaffected date

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Select Analyst Price Targets Prem / (Disc) Broker1 Rating Date Price Target to Current Guggenheim Hold 5/8/25 NA NA Goldman Sachs Sell 4/6/25 $13.00 (9.6%) Baird Buy 4/1/25 $20.00 39.1% Morgan Stanley Buy 3/5/25 $21.00 46.0% J.P. Morgan Hold 2/28/25 $17.00 18.2% Bank of America Buy 2/27/25 $20.00 39.1% William Blair Buy 2/27/25 NA NA RBC Capital Hold 2/26/25 $20.00 39.1% Current $14.38 Mean 18.50 28.7% Median 20.00 39.1% High 21.00 46.0% Low 13.00 (9.6%) Source: FactSet (5/8/25), Bloomberg, Wall Street research Note: Price targets are not discounted to present value 1. Broker Coverage provided by Tango Management 25 Project Breeze

## Ex-99.Dv

**EXHIBIT (d)(v)** 

**<u>Execution Version</u>**

**BLACKSTONE CAPITAL PARTNERS VII L.P.** 

**BLACKSTONE CAPITAL PARTNERS ASIA L.P.** 

**BLACKSTONE CAPITAL PARTNERS ASIA (LUX) SCSP** 

**C/O BLACKSTONE INC.** 

**345 PARK AVENUE** 

**NEW YORK, NEW YORK 10154** 

May 8, 2025

Breeze Merger Corporation

c/o Blackstone Inc.

345 Park Avenue

New York, New York 10154

Ladies and Gentlemen:

This letter agreement sets forth the commitment of Blackstone Capital Partners VII L.P., a Delaware limited partnership, Blackstone Capital Partners Asia L.P., a Cayman Islands exempted limited partnership, and Blackstone Capital Partners Asia (Lux) SCSp, a Luxembourg special limited partnership (*société en commandite spéciale*), and affiliated funds (each, a "**Sponsor**" and, collectively, the "**Sponsors**"), on the terms and subject to the conditions described below, to purchase, or cause the purchase of, the equity, debt or other securities of Breeze Merger Corporation, a Delaware corporation (the "**Merger Corporation**"). It is contemplated that, pursuant to the Agreement and Plan of Merger (as amended, restated, supplemented or otherwise modified from time to time, the "**Merger Agreement**") entered into concurrently herewith by and between the Merger Corporation and TaskUs, Inc., a Delaware corporation (the "**Company**"), pursuant to which, among other things, the Merger Corporation will be merged with and into the Company, and the separate corporate existence of the Merger Corporation will thereupon cease and the Company will continue as the surviving corporation, collectively owned, directly or indirectly, by the Continuing Stockholders, on the terms and subject to the conditions set forth in the Merger Agreement. Each capitalized term used but not defined in this letter agreement will have the meaning ascribed to it in the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Commitment.** Each Sponsor hereby commits, severally (and not jointly or jointly and severally), on the terms and subject to the conditions set forth in this letter agreement, at the Closing, to purchase, or cause the purchase of, equity, debt or other securities of the Merger Corporation in an amount equal to such Sponsor's Pro Rata Percentage (as defined below) of the aggregate cash purchase price of $330,000,000 (the "**Commitment**"), solely for the purpose of, and solely as necessary for, allowing the Merger Corporation to fund all or a portion of the Required Amount. Notwithstanding anything herein to the contrary, no Sponsor will, under any circumstances, be obligated to contribute in the aggregate more than its Pro Rata Percentage of the Commitment to the Merger Corporation. Each Sponsor may effect the purchase of the equity, debt or other securities of the Merger Corporation directly or indirectly through one or more affiliated entities, assignees, or other co-investors who are Continuing Stockholders (or Affiliates thereof) <u>provided</u>, <u>however</u>, that no such action will reduce the amount of the Commitment or otherwise affect the obligations of such Sponsor under this letter agreement except to the extent actually

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funded by such affiliated entity, assignee or co-investor (in which case such Sponsor's Pro Rata Percentage of the Commitment will be concomitantly reduced by the amount so funded). In the event the Merger Corporation does not require all of the equity financing with respect to which the Sponsors have made this Commitment to be funded in order to pay the Required Amount, the amount to be funded by the Sponsors under this letter agreement may be concomitantly reduced as determined by the Sponsors by the amount of such unnecessary funding; provided that any such reduction shall (x) only occur simultaneously with the consummation of the Closing and the payment of the Required Amount and (y) solely to the extent that, after giving effect to any such reduction, the Merger Corporation would still be able to consummate the Transactions (including, for the avoidance of doubt, payment of the Required Amount). Further, in the event that the Company reserves cash as Reserved Amounts in accordance with Section 7.12(c) of the Merger Agreement, the Commitment shall be automatically and permanently reduced by the aggregate amount of all such Reserved Amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Conditions.** The obligation of the Sponsors to fund or cause the funding of the Commitment in accordance with the terms of this letter agreement shall be subject solely to (i) the satisfaction (or waiver by the Merger Corporation) of each of the conditions in Sections 8.01 and 8.02 of the Merger Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but subject to such conditions being capable of being satisfied at the Closing) and (ii) the substantially concurrent consummation of the Closing in accordance with the terms of the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Enforceability.** This letter agreement may only be enforced by the Merger Corporation at the direction of the Sponsors, and nothing set forth in this letter agreement shall be construed to confer upon or give the Company or any other Person (including, without limitation, the Company's equity holders or direct and indirect creditors), other than the parties hereto and their respective successors and permitted assigns, any rights to enforce the Commitment or to cause the Merger Corporation to enforce the Commitment; <u>provided</u> that, notwithstanding the foregoing, (a) if the Company is expressly entitled to specific performance in accordance with <u>Section</u> <u>10.08</u> of the Merger Agreement to cause the Commitment to be funded, the Company may enforce the Merger Corporation's right to cause the Commitment to be funded (solely to the extent that the Merger Corporation can enforce the Commitment in accordance with the terms hereof) without the direction of the Sponsors, and in such event and solely to such extent the Company will be deemed an express third-party beneficiary of the Merger Corporation's rights under this letter agreement and (b) the Company is an express third-party beneficiary of this letter agreement with respect to (i) the second sentence of <u>Section</u> <u>4</u> hereof and (ii) the last sentence of <u>Section</u> <u>13</u> hereof. The exercise by the Merger Corporation or the Company of any right to enforce this letter agreement does not give rise to any other remedies, monetary or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. No Modification; Entire Agreement.** This letter agreement may not be amended or otherwise modified without the prior written consent of the Merger Corporation and the Sponsors. Any such amendment or modification shall be subject to the Company's written consent (acting at the direction of the Special Committee), except that this letter agreement may be amended by the sole action of the Sponsors solely to the extent necessary to reflect the addition of one or more assignees permitted pursuant to <u>Section</u> <u>13</u> hereof. This letter agreement constitutes the sole agreement, and supersedes all prior agreements, understandings and statements, written or oral, between the Sponsors or any of their respective Affiliates, on the one hand, and the Merger

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Corporation or any of its Affiliates, on the other, with respect to the transactions contemplated hereby (other than the Merger Agreement and the other agreements expressly referred to herein or therein as being entered into in connection with the Merger Agreement). No transfer of any rights or obligations hereunder shall be permitted except in accordance with <u>Section</u> <u>13</u> hereof. Any transfer in violation of the preceding sentence shall be null and void. The failure of any party or third-party beneficiary to assert any of its rights under this letter agreement or otherwise shall not constitute a waiver of those rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** This letter agreement shall be governed by and construed in accordance with the Laws of the State of Delaware without regard to the principles of conflicts of law that would cause the application of law of any jurisdiction other than those of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** Each of parties hereto agree that any Action seeking to enforce any provision of, or based on any matter arising out of or in connection with, this letter agreement or the transactions contemplated hereby (whether brought by any party or any of its Affiliates or against any party or any of its Affiliates) shall be heard and determined exclusively in the Court of Chancery of the State of Delaware; <u>provided</u>, <u>however</u>, that, if such court does not have jurisdiction over such Action, such Action shall be heard and determined exclusively in any federal or state court located in the State of Delaware. Consistent with the preceding sentence, each of the parties hereto hereby (i) submits to the exclusive jurisdiction of any federal or state court sitting in the State of Delaware for the purpose of any Action arising out of or relating to this letter agreement brought by either party hereto; (ii) agrees that service of process will be validly effected by sending notice in the manner contemplated by Section 10.02 of the Merger Agreement (<u>provided</u> that, in the case of the Sponsors, the notice address for service of process shall be the address set forth above); and (iii) irrevocably waives, and agrees not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this letter agreement or the transactions contemplated hereby may not be enforced in or by any of the above named courts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS LETTER AGREEMENT, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS LETTER AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <u>SECTION 5(</u><u>C</u><u>)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. Counterparts; Signature.** This letter agreement may be executed and delivered (including by facsimile transmission or other means of electronic transmission, such as by electronic mail in "pdf" form) in counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. No Third-Party Beneficiaries.** Except as set forth in <u>Sections</u> <u>3</u> and <u>10</u> hereof, the parties hereby agree that their respective representations, warranties and covenants set forth herein are solely for the benefit of the other parties hereto and their respective successors and permitted assigns, in accordance with and subject to the terms of this letter agreement, and nothing in this letter agreement, express or implied, is intended to and does not, confer upon any Person other than the parties hereto and their respective successors and permitted assigns any rights or remedies hereunder or any rights under this letter agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. Confidentiality.** This letter agreement is being provided to the Merger Corporation solely in connection with the Merger Agreement. This letter agreement may not be used, circulated, quoted or otherwise referred to in any document (other than the Merger Agreement), except with the written consent of the Sponsors; <u>provided</u> that no such written consent shall be required for any disclosure of the existence or terms of this letter agreement (a) to the parties to the Merger Agreement or their representatives or advisors with a need to know in connection with the Transactions, (b) in connection with the enforcement of any right or remedy arising under this letter agreement or the Merger Agreement or (c) to the extent required by applicable Law, the applicable rules of any national securities exchange or if required in connection with any required filing or notice with any Governmental Authority relating to the Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. Termination.** The obligation of each Sponsor to fund its Pro Rata Percentage of the Commitment will terminate automatically and immediately upon the earliest to occur of: (a) the consummation of the Closing (at which time the obligation shall be discharged), (b) the valid termination of the Merger Agreement in accordance with its terms and (c) the Company or any of its Affiliates or any Representatives of the foregoing (including the Special Committee), directly or indirectly, asserting any claim or commencing any Action at law or equity against (i) any Sponsor under or in connection with the Merger Agreement or any of the transactions contemplated hereby or thereby (other than (x) any claim for breach or seeking to prevent a breach of the Confidentiality Agreement or the Voting Agreement (pursuant to the respective terms thereof), (y) any claim by the Company against the Merger Corporation under, and subject to the terms of, the Merger Agreement (pursuant to the terms thereof) or (z) any claim by the Company seeking an injunction or other specific performance against any Sponsor under this letter agreement to the extent permitted by <u>Section</u> <u>3</u> hereof (such claims or Actions solely against the Persons so identified, collectively, the "**Retained Claims**")) or (ii) any Non-Recourse Party (as defined below) (other than the Merger Corporation) under, in connection with or related to the Merger Agreement or any of the Transactions.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. No Recourse**. Notwithstanding anything that may be expressed or implied in this letter agreement, or any document or instrument delivered in connection herewith, by its acceptance of the benefits of this letter agreement, the Merger Corporation covenants, agrees and acknowledges that no Person other than the Sponsors has any liability, obligation or commitment of any nature (whether known or unknown, whether due or to become due, absolute, contingent or otherwise) hereunder or in connection with the transactions contemplated hereby and that, notwithstanding that each Sponsor or its respective general partner (and any assignee permitted under <u>Section</u> <u>13</u> hereof) may be a limited partnership or limited liability company, the Merger Corporation has no right of recovery under this letter agreement or under any document or instrument delivered in connection herewith, or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, this letter agreement, the transactions contemplated hereby or in respect of any oral representations made or alleged to be made in connection herewith, against, and no personal liability whatsoever in respect thereof shall attach to, be imposed upon or otherwise be incurred by, the former, current or future direct or indirect equity holders, controlling persons, directors, officers, employees, agents, Affiliates (other than any assignee permitted under <u>Section</u> <u>13</u> hereof), members, managers or general or limited partners of any of the Sponsors or the Merger Corporation or any former, current or future stockholder, controlling person, director, officer, employee, general or limited partner, member, manager, Affiliate (other than any assignee permitted under <u>Section</u> <u>13</u> hereof) or agent of any of the foregoing, financing source, successor, predecessor, attorney or other Representatives or successors or assigns of any of the foregoing (collectively, but not including the Sponsors, the "**Non-Recourse Parties**"), whether by or through attempted piercing of the corporate, limited partnership or limited liability company veil, by or through a claim by on or behalf of the Merger Corporation against any Non-Recourse Party, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or applicable Law, or otherwise; <u>provided</u> that nothing herein shall limit, waive or modify any Retained Claim or any Person's rights with respect to any Retained Claim. Notwithstanding any exercise or right to exercise its enforcement rights in accordance with <u>Section</u> <u>3</u> hereof, the Company is subject to this <u>Section</u> <u>10</u> to the same extent that the Merger Corporation is. Notwithstanding anything herein to the contrary, the liability of each Sponsor shall be several (and not joint or joint and several) based upon such Sponsor's Pro Rata Percentage, and no Sponsor shall be liable for any amounts hereunder in excess of its Pro Rata Percentage of the Commitment. The "**Pro Rata Percentage**" of each Sponsor is as set forth opposite such Sponsor's name on <u>Schedule A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. Headings**. Section and subsection headings contained in this letter agreement are for reference purposes only and shall not affect in any way the meaning, interpretation, or construction hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Severability**. If any term or other provision of this letter agreement is invalid, illegal or incapable of being enforced by any Law or public policy, all other terms and provisions hereof shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision of this letter agreement is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this letter agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. Assignment**. Each Sponsor shall be entitled, at its sole discretion and without the prior written consent of the other Sponsors, the Merger Corporation or the Company, to assign all or a portion of its obligations hereunder to one or more Persons, Affiliates or co- investors that agree to assume such Sponsor's obligations hereunder; <u>provided</u> that (i) any assignment to a Person that is not an Affiliate of such Sponsor would not reasonably be expected to result in a Merger Corporation Material Adverse Effect, (ii) any such assignment would not give rise to a requirement to make a filing under any Antitrust Law and (iii) such Sponsor shall remain obligated to perform its obligations hereunder to the extent not performed by such assignees. Except as provided above, this letter agreement shall not be assignable without the consent of the parties hereto and the Company (acting at the direction of the Special Committee) (such consent not to be unreasonably withheld, conditioned or delayed).

*[signature page follows]* 

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Sincerely,

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| | |
|:---|:---|
|  | **BLACKSTONE CAPITAL PARTNERS**<br> **VII, L.P.**<br> **By: Blackstone Management Associates**<br> **VII L.L.C., its General Partner**<br> **By: BMA VII L.L.C., its sole member** |
| By: | /s/ Robert Brooks |
|  | Name: Robert Brooks<br> Title: Authorized Signatory |

---

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| | |
|:---|:---|
|  | **BLACKSTONE CAPITAL PARTNERS ASIA L.P.**<br> **By: Blackstone Management Associates**<br> **Asia L.P., its General Partner**<br> **By: BMA Asia L.L.C., its sole member** |
| By: | /s/ Christopher Striano |
|  | Name: Christopher Striano<br> Title: Senior Managing Director |

---

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| | |
|:---|:---|
|  | **BLACKSTONE CAPITAL PARTNERS ASIA (LUX) SCSP**<br> **By: Blackstone Management Partners**<br> **L.L.C., its investment advisor** |
| By: | /s/ Christopher Striano |
|  | Name: Christopher Striano<br> Title: Senior Managing Director |

---

*[Signature Page to Equity Commitment Letter]* 

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**Agreed to and accepted:** 

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| | |
|:---|:---|
| **BREEZE MERGER CORPORATION** | **BREEZE MERGER CORPORATION** |
| By: | /s/ Amit Dalmia |
|  | Name: Amit Dalmia<br> Title: Authorized Signatory |

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*[Signature Page to Equity Commitment Letter]* 

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**<u>Schedule A</u>**

**Pro Rata Percentages** 

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| | |
|:---|:---|
| **Sponsor** | **Pro Rata Percentage** |
|  Blackstone Capital Partners VII L.P. | 40.00% |
|  Blackstone Capital Partners Asia L.P. | 50.31466666032220% |
|  Blackstone Capital Partners Asia (Lux) SCSp | 9.68533333967777% |

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*[Schedule A – Sponsors' Pro Rata Percentage]*

## Ex-99.(F)

**Exhibit (f)** 

**APPRAISAL RIGHTS UNDER THE DGCL** 

*§ 262. Appraisal rights* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any stockholder of a corporation of this State who holds shares of stock on the date of the making of a demand pursuant to subsection (d) of this section with respect to such shares, who continuously holds such shares through the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, who has otherwise complied with subsection (d) of this section and who has neither voted in favor of the merger, consolidation, conversion, transfer, domestication or continuance nor consented thereto in writing pursuant to § 228 of this title shall be entitled to an appraisal by the Court of Chancery of the fair value of the stockholder's shares of stock under the circumstances described in subsections (b) and (c) of this section. As used in this section, the word "stockholder" means a holder of record of stock in a corporation; the words "stock" and "share" mean and include what is ordinarily meant by those words; the words "depository receipt" mean a receipt or other instrument issued by a depository representing an interest in 1 or more shares, or fractions thereof, solely of stock of a corporation, which stock is deposited with the depository; the words "beneficial owner" mean a person who is the beneficial owner of shares of stock held either in voting trust or by a nominee on behalf of such person; and the word "person" means any individual, corporation, partnership, unincorporated association or other entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Appraisal rights shall be available for the shares of any class or series of stock of a constituent, converting, transferring, domesticating or continuing corporation in a merger, consolidation, conversion, transfer, domestication or continuance to be effected pursuant to § 251 (other than a merger effected pursuant to § 251(g) of this title), § 252, § 254, § 255, § 256, § 257, § 258, § 263, § 264, § 266 or § 390 of this title (other than, in each case and solely with respect to a converted or domesticated corporation, a merger, consolidation, conversion, transfer, domestication or continuance authorized pursuant to and in accordance with the provisions of § 265 or § 388 of this title):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Provided, however, that no appraisal rights under this section shall be available for the shares of any class or series of stock, which stock, or depository receipts in respect thereof, at the record date fixed to determine the stockholders entitled to receive notice of the meeting of stockholders, or at the record date fixed to determine the stockholders entitled to consent pursuant to § 228 of this title, to act upon the agreement of merger or consolidation or the resolution providing for the conversion, transfer, domestication or continuance (or, in the case of a merger pursuant to § 251(h) of this title, as of immediately prior to the execution of the agreement of merger), were either: (i) listed on a national securities exchange or (ii) held of record by more than 2,000 holders; and further provided that no appraisal rights shall be available for any shares of stock of the constituent corporation surviving a merger if the merger did not require for its approval the vote of the stockholders of the surviving corporation as provided in § 251(f) of this title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding paragraph (b)(1) of this section, appraisal rights under this section shall be available for the shares of any class or series of stock of a constituent, converting, transferring, domesticating or continuing corporation if the holders thereof are required by the terms of an agreement of merger or consolidation, or by the terms of a resolution providing for conversion, transfer, domestication or continuance, pursuant to § 251, § 252, § 254, § 255, § 256, § 257, § 258, § 263, § 264, § 266 or § 390 of this title to accept for such stock anything except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Shares of stock of the corporation surviving or resulting from such merger or consolidation, or of the converted entity or the entity resulting from a transfer, domestication or continuance if such entity is a corporation as a result of the conversion, transfer, domestication or continuance, or depository receipts in respect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Shares of stock of any other corporation, or depository receipts in respect thereof, which shares of stock (or depository receipts in respect thereof) or depository receipts at the effective date of the merger, consolidation, conversion, transfer, domestication or continuance will be either listed on a national securities exchange or held of record by more than 2,000 holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Cash in lieu of fractional shares or fractional depository receipts described in the foregoing paragraphs (b)(2)a. and b. of this section; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Any combination of the shares of stock, depository receipts and cash in lieu of fractional shares or fractional depository receipts described in the foregoing paragraphs (b)(2)a., b. and c. of this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) In the event all of the stock of a subsidiary Delaware corporation party to a merger effected under § 253 or § 267 of this title is not owned by the parent immediately prior to the merger, appraisal rights shall be available for the shares of the subsidiary Delaware corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [Repealed.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any corporation may provide in its certificate of incorporation that appraisal rights under this section shall be available for the shares of any class or series of its stock as a result of an amendment to its certificate of incorporation, any merger or consolidation in which the corporation is a constituent corporation, the sale of all or substantially all of the assets of the corporation or a conversion effected pursuant to § 266 of this title or a transfer, domestication or continuance effected pursuant to § 390 of this title. If the certificate of incorporation contains such a provision, the provisions of this section, including those set forth in subsections (d), (e), and (g) of this section, shall apply as nearly as is practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Appraisal rights shall be perfected as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If a proposed merger, consolidation, conversion, transfer, domestication or continuance for which appraisal rights are provided under this section is to be submitted for approval at a meeting of stockholders, the corporation, not less than 20 days prior to the meeting, shall notify each of its stockholders who was such on the record date for notice of such meeting (or such members who received notice in accordance with § 255(c) of this title) with respect to shares for which appraisal rights are available pursuant to subsection (b) or (c) of this section that appraisal rights are available for any or all of the shares of the constituent corporations or the converting, transferring, domesticating or continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent corporations or the converting corporation is a nonstock corporation, a copy of § 114 of this title) or information directing the stockholders to a publicly available electronic resource at which this section (and, § 114 of this title, if applicable) may be accessed without subscription or cost. Each stockholder electing to demand the appraisal of such stockholder's shares shall deliver to the corporation, before the taking of the vote on the merger, consolidation, conversion, transfer, domestication or continuance, a written demand for appraisal of such stockholder's shares; provided that a demand may be delivered to the corporation by electronic transmission if directed to an information processing system (if any) expressly designated for that purpose in such notice. Such demand will be sufficient if it reasonably informs the corporation of the identity of the stockholder and that the stockholder intends thereby to demand the appraisal of such stockholder's shares. A proxy or vote against the merger, consolidation, conversion, transfer, domestication or continuance shall not constitute such a demand. A stockholder electing to take such action must do so by a separate written demand as herein provided. Within 10 days after the effective date of such merger, consolidation, conversion, transfer, domestication or continuance, the surviving, resulting or converted entity shall notify each stockholder of each constituent or converting, transferring, domesticating or continuing corporation who has complied with this subsection and has not voted in favor of or consented to the merger, consolidation, conversion, transfer, domestication or continuance, and any beneficial owner who has demanded appraisal under paragraph (d)(3) of this section, of the date that the merger, consolidation or conversion has become effective; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the merger, consolidation, conversion, transfer, domestication or continuance was approved pursuant to § 228, § 251(h), § 253, or § 267 of this title, then either a constituent, converting, transferring, domesticating or continuing corporation before the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, or the surviving, resulting or converted entity within 10 days after such effective date, shall notify each stockholder of any class or series of stock of such constituent, converting, transferring, domesticating or continuing corporation who is entitled to appraisal rights of the approval of the merger, consolidation, conversion, transfer, domestication or continuance and that appraisal rights are available for any or all shares of such class or series of stock of such constituent, converting, transferring, domesticating or continuing corporation, and shall include in such notice either a copy of this section (and, if 1 of the constituent corporations or the converting, transferring, domesticating or continuing

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corporation is a nonstock corporation, a copy of § 114 of this title) or information directing the stockholders to a publicly available electronic resource at which this section (and § 114 of this title, if applicable) may be accessed without subscription or cost. Such notice may, and, if given on or after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, shall, also notify such stockholders of the effective date of the merger, consolidation, conversion, transfer, domestication or continuance. Any stockholder entitled to appraisal rights may, within 20 days after the date of giving such notice or, in the case of a merger approved pursuant to § 251(h) of this title, within the later of the consummation of the offer contemplated by § 251(h) of this title and 20 days after the date of giving such notice, demand in writing from the surviving, resulting or converted entity the appraisal of such holder's shares; provided that a demand may be delivered to such entity by electronic transmission if directed to an information processing system (if any) expressly designated for that purpose in such notice. Such demand will be sufficient if it reasonably informs such entity of the identity of the stockholder and that the stockholder intends thereby to demand the appraisal of such holder's shares. If such notice did not notify stockholders of the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, either (i) each such constituent corporation or the converting, transferring, domesticating or continuing corporation shall send a second notice before the effective date of the merger, consolidation, conversion, transfer, domestication or continuance notifying each of the holders of any class or series of stock of such constituent, converting, transferring, domesticating or continuing corporation that are entitled to appraisal rights of the effective date of the merger, consolidation, conversion, transfer, domestication or continuance or (ii) the surviving, resulting or converted entity shall send such a second notice to all such holders on or within 10 days after such effective date; provided, however, that if such second notice is sent more than 20 days following the sending of the first notice or, in the case of a merger approved pursuant to § 251(h) of this title, later than the later of the consummation of the offer contemplated by § 251(h) of this title and 20 days following the sending of the first notice, such second notice need only be sent to each stockholder who is entitled to appraisal rights and who has demanded appraisal of such holder's shares in accordance with this subsection and any beneficial owner who has demanded appraisal under paragraph (d)(3) of this section. An affidavit of the secretary or assistant secretary or of the transfer agent of the corporation or entity that is required to give either notice that such notice has been given shall, in the absence of fraud, be prima facie evidence of the facts stated therein. For purposes of determining the stockholders entitled to receive either notice, each constituent corporation or the converting, transferring, domesticating or continuing corporation may fix, in advance, a record date that shall be not more than 10 days prior to the date the notice is given, provided, that if the notice is given on or after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, the record date shall be such effective date. If no record date is fixed and the notice is given prior to the effective date, the record date shall be the close of business on the day next preceding the day on which the notice is given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Notwithstanding subsection (a) of this section (but subject to this paragraph (d)(3)), a beneficial owner may, in such person's name, demand in writing an appraisal of such beneficial owner's shares in accordance with either paragraph (d)(1) or (2) of this section, as applicable; provided that (i) such beneficial owner continuously owns such shares through the effective date of the merger, consolidation, conversion, transfer, domestication or continuance and otherwise satisfies the requirements applicable to a stockholder under the first sentence of subsection (a) of this section and (ii) the demand made by such beneficial owner reasonably identifies the holder of record of the shares for which the demand is made, is accompanied by documentary evidence of such beneficial owner's beneficial ownership of stock and a statement that such documentary evidence is a true and correct copy of what it purports to be, and provides an address at which such beneficial owner consents to receive notices given by the surviving, resulting or converted entity hereunder and to be set forth on the verified list required by subsection (f) of this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Within 120 days after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, the surviving, resulting or converted entity, or any person who has complied with subsections (a) and (d) of this section and who is otherwise entitled to appraisal rights, may commence an appraisal proceeding by filing a petition in the Court of Chancery demanding a determination of the value of the stock of all such stockholders. Notwithstanding the foregoing, at any time within 60 days after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, any person entitled to appraisal rights who has not commenced an appraisal proceeding or joined that proceeding as a named party shall have the right to withdraw such person's demand for appraisal and to accept the terms offered upon the merger, consolidation, conversion, transfer,

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domestication or continuance. Within 120 days after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, any person who has complied with the requirements of subsections (a) and (d) of this section, upon request given in writing (or by electronic transmission directed to an information processing system (if any) expressly designated for that purpose in the notice of appraisal), shall be entitled to receive from the surviving, resulting or converted entity a statement setting forth the aggregate number of shares not voted in favor of the merger, consolidation, conversion, transfer, domestication or continuance (or, in the case of a merger approved pursuant to § 251(h) of this title, the aggregate number of shares (other than any excluded stock (as defined in §251(h)(6)d. of this title)) that were the subject of, and were not tendered into, and accepted for purchase or exchange in, the offer referred to in § 251(h)(2) of this title)), and, in either case, with respect to which demands for appraisal have been received and the aggregate number of stockholders or beneficial owners holding or owning such shares (provided that, where a beneficial owner makes a demand pursuant to paragraph (d)(3) of this section, the record holder of such shares shall not be considered a separate stockholder holding such shares for purposes of such aggregate number). Such statement shall be given to the person within 10 days after such person's request for such a statement is received by the surviving, resulting or converted entity or within 10 days after expiration of the period for delivery of demands for appraisal under subsection (d) of this section, whichever is later.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Upon the filing of any such petition by any person other than the surviving, resulting or converted entity, service of a copy thereof shall be made upon such entity, which shall within 20 days after such service file in the office of the Register in Chancery in which the petition was filed a duly verified list containing the names and addresses of all persons who have demanded appraisal for their shares and with whom agreements as to the value of their shares have not been reached by such entity. If the petition shall be filed by the surviving, resulting or converted entity, the petition shall be accompanied by such a duly verified list. The Register in Chancery, if so ordered by the Court, shall give notice of the time and place fixed for the hearing of such petition by registered or certified mail to the surviving, resulting or converted entity and to the persons shown on the list at the addresses therein stated. The forms of the notices by mail and by publication shall be approved by the Court, and the costs thereof shall be borne by the surviving, resulting or converted entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) At the hearing on such petition, the Court shall determine the persons who have complied with this section and who have become entitled to appraisal rights. The Court may require the persons who have demanded an appraisal for their shares and who hold stock represented by certificates to submit their certificates of stock to the Register in Chancery for notation thereon of the pendency of the appraisal proceedings; and if any person fails to comply with such direction, the Court may dismiss the proceedings as to such person. If immediately before the merger, consolidation, conversion, transfer, domestication or continuance the shares of the class or series of stock of the constituent, converting, transferring, domesticating or continuing corporation as to which appraisal rights are available were listed on a national securities exchange, the Court shall dismiss the proceedings as to all holders of such shares who are otherwise entitled to appraisal rights unless (1) the total number of shares entitled to appraisal exceeds 1% of the outstanding shares of the class or series eligible for appraisal, (2) the value of the consideration provided in the merger, consolidation, conversion, transfer, domestication or continuance for such total number of shares exceeds $1 million, or (3) the merger was approved pursuant to § 253 or § 267 of this title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) After the Court determines the persons entitled to an appraisal, the appraisal proceeding shall be conducted in accordance with the rules of the Court of Chancery, including any rules specifically governing appraisal proceedings. Through such proceeding the Court shall determine the fair value of the shares exclusive of any element of value arising from the accomplishment or expectation of the merger, consolidation, conversion, transfer, domestication or continuance, together with interest, if any, to be paid upon the amount determined to be the fair value. In determining such fair value, the Court shall take into account all relevant factors. Unless the Court in its discretion determines otherwise for good cause shown, and except as provided in this subsection, interest from the effective date of the merger, consolidation, conversion, transfer, domestication or continuance through the date of payment of the judgment shall be compounded quarterly and shall accrue at 5% over the Federal Reserve discount rate (including any surcharge) as established from time to time during the period between the effective date of the merger, consolidation or conversion and the date of payment of the judgment. At any time before the entry of judgment in the proceedings, the surviving, resulting or converted entity may pay to each person entitled to appraisal an amount in cash, in which case interest shall accrue thereafter as provided herein only upon the sum of (1) the difference, if any, between the amount so paid and the fair value of the shares as determined by the Court, and (2) interest theretofore accrued, unless paid at that time. Upon application by the surviving, resulting or converted entity or by any person entitled to participate in the appraisal proceeding, the Court may, in its discretion, proceed to trial

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upon the appraisal prior to the final determination of the persons entitled to an appraisal. Any person whose name appears on the list filed by the surviving, resulting or converted entity pursuant to subsection (f) of this section may participate fully in all proceedings until it is finally determined that such person is not entitled to appraisal rights under this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Court shall direct the payment of the fair value of the shares, together with interest, if any, by the surviving, resulting or converted entity to the persons entitled thereto. Payment shall be so made to each such person upon such terms and conditions as the Court may order. The Court's decree may be enforced as other decrees in the Court of Chancery may be enforced, whether such surviving, resulting or converted entity be an entity of this State or of any state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The costs of the proceeding may be determined by the Court and taxed upon the parties as the Court deems equitable in the circumstances. Upon application of a person whose name appears on the list filed by the surviving, resulting or converted entity pursuant to subsection (f) of this section who participated in the proceeding and incurred expenses in connection therewith, the Court may order all or a portion of such expenses, including, without limitation, reasonable attorney's fees and the fees and expenses of experts, to be charged pro rata against the value of all the shares entitled to an appraisal not dismissed pursuant to subsection (k) of this section or subject to such an award pursuant to a reservation of jurisdiction under subsection (k) of this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Subject to the remainder of this subsection, from and after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, no person who has demanded appraisal rights with respect to some or all of such person's shares as provided in subsection (d) of this section shall be entitled to vote such shares for any purpose or to receive payment of dividends or other distributions on such shares (except dividends or other distributions payable to stockholders of record at a date which is prior to the effective date of the merger, consolidation, conversion, transfer, domestication or continuance). If a person who has made a demand for an appraisal in accordance with this section shall deliver to the surviving, resulting or converted entity a written withdrawal of such person's demand for an appraisal in respect of some or all of such person's shares in accordance with subsection (e) of this section, either within 60 days after such effective date or thereafter with the written approval of the corporation, then the right of such person to an appraisal of the shares subject to the withdrawal shall cease. Notwithstanding the foregoing, an appraisal proceeding in the Court of Chancery shall not be dismissed as to any person without the approval of the Court, and such approval may be conditioned upon such terms as the Court deems just, including without limitation, a reservation of jurisdiction for any application to the Court made under subsection (j) of this section; provided, however that this provision shall not affect the right of any person who has not commenced an appraisal proceeding or joined that proceeding as a named party to withdraw such person's demand for appraisal and to accept the terms offered upon the merger, consolidation, conversion, transfer, domestication or continuance within 60 days after the effective date of the merger, consolidation, conversion, transfer, domestication or continuance, as set forth in subsection (e) of this section. If a petition for an appraisal is not filed within the time provided in subsection (e) of this section, the right to appraisal with respect to all shares shall cease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The shares or other equity interests of the surviving, resulting or converted entity to which the shares of stock subject to appraisal under this section would have otherwise converted but for an appraisal demand made in accordance with this section shall have the status of authorized but not outstanding shares of stock or other equity interests of the surviving, resulting or converted entity, unless and until the person that has demanded appraisal is no longer entitled to appraisal pursuant to this section.

## Ex-Filing

**Exhibit 107** 

**CALCULATION OF FILING FEE TABLES** 

**Schedule 13E-3** 

(Form Type)

**TaskUs, Inc.** 

**Breeze Merger Corporation** 

**BCP FC Aggregator L.P.** 

**The Maddock 2015 Irrevocable Trust** 

**The Bryce Maddock Family Trust** 

**The Maddock 2015 Exempt Irrevocable Trust** 

**Bryce Maddock** 

**The Weir 2015 Irrevocable Trust** 

**The Jaspar Weir Family Trust** 

**The Weir 2015 Exempt Irrevocable Trust** 

**Jaspar Weir** 

(Exact Name of Registrant and Name of Persons Filing Statement)

<u>Table 1: Transaction Valuation</u> 

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| | | | |
|:---|:---|:---|:---|
|  | Proposed Maximum<br> Aggregate Value of<br> Transaction | Fee<br> Rate | Amount of<br> Filing Fee |
| &nbsp;&nbsp;&nbsp; Fees to Be Paid | $301,963,233.18 (ii)(iii) | 0.00015310 | $46230.57 |
| &nbsp;&nbsp;&nbsp; Fees Previously Paid | $0.00 |  | $0.00 |
| &nbsp;&nbsp;&nbsp; **Total Transaction Valuation** | $301963233.18 |  |  |
| &nbsp;&nbsp;&nbsp; **Total Fees Due for Filing** |  |  | $46230.57 |
| &nbsp;&nbsp;&nbsp; **Total Fees Previously Paid** |  |  | $0.00 |
| &nbsp;&nbsp;&nbsp; **Total Fee Offsets** |  |  | $46230.57 |
| &nbsp;&nbsp;&nbsp; **Net Fee Due** |  |  | $0.00 |

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<u>Table 2: Fee Offset Claims and Sources</u> 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Registrant<br>or Filer<br> Name | Form<br> or<br> Filing<br> Type | File<br> Number | Initial<br> Filing<br> Date | Filing<br> Date | Fee<br> Offset<br> Claimed | Fee<br> Paid<br> with<br> Fee<br> Offset<br> Source |
| &nbsp;&nbsp;&nbsp; Fee Offset<br> Claims |  | PREM 14A | 001-40482 | July 1, 2025 |  | $46230.57 |  |
| &nbsp;&nbsp;&nbsp; Fee Offset<br> Sources | TaskUs, Inc. | PREM 14A | 001-40482 |  | July 1, 2025 |  | $46230.57 |

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Capitalized terms used below but not defined herein shall have the meanings assigned to such terms in the Agreement and Plan of Merger, dated May 8, 2025 (the "Merger Agreement"), by and between Breeze Merger Corporation (the "Merger Corporation") and TaskUs, Inc. (the "Company").

(i) Title of each class of securities to which the transaction applies: Class A common stock, par value $0.01
per share, of the Company (the "Company Class A Common Stock") and Class B common stock, par value $0.01 per share, of the Company (the "Company Class B Common Stock" and, together with the Company Class A
Common Stock, the "Company Common Stock").

------

(ii) Aggregate number of securities to which the transaction applies: As of the close of business on June 24,
2025, the maximum number of shares of Company Common Stock to which this transaction applies is estimated to be 18,570,451, which consists of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 17,735,564 issued and outstanding shares of Company Class A Common Stock (other than the Excluded Shares,
Continuing Shares and Dissenting Shares (as such terms are defined in the Merger Agreement)) entitled to received the per share Merger Consideration of $16.50;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 0 issued and outstanding shares of Company Class B Common Stock (other than the Excluded Shares,
Continuing Shares and Dissenting Shares) entitled to received the per share Merger Consideration of $16.50;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 772,432 shares of Company Common Stock underlying outstanding stock options with exercise prices below $16.50
entitled to received the per share Merger Consideration of $16.50 less the exercise price per share, multiplied by the number of shares of Company Common Stock subject to such option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. 62,455 shares of Company Common Stock underlying outstanding restricted stock units subject to service-based
vesting conditions entitled to received the per share Merger Consideration of $16.50; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. 0 shares of Company Common Stock underlying outstanding restricted stock units subject to performance-based
vesting conditions entitled to received the per share Merger Consideration of $16.50.

(iii) Per unit price or other underlying value of the transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

Solely for the purpose of calculating the filing fee, as of the close of business on June 24, 2025, the underlying value of the transaction was calculated as the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the product of 17,735,564 shares of Company Class A Common Stock entitled to receive the per share Merger
Consideration of $16.50, payable to the holder in cash, without interest, subject to any withholding of taxes required by applicable law, multiplied by the Merger Consideration of $16.50;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the product of 0 shares of Company Class B Common Stock entitled to receive the per share Merger
Consideration of $16.50, payable to the holder in cash, without interest, subject to any withholding of taxes required by applicable law, multiplied by the Merger Consideration of $16.50;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. the product of 772,432 shares of Company Common Stock subject to issuance pursuant to outstanding stock options
with exercise prices below $16.50, multiplied by $10.74 (which is the excess of $16.50 over $5.76, the weighted average exercise price of such stock options);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. the product of 62,455 shares of Company Common Stock underlying outstanding restricted stock units subject to
service-based vesting conditions multiplied by the Merger Consideration of $16.50; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. the product of 0 shares of Company Common Stock underlying outstanding restricted stock units subject to
performance-based vesting conditions multiplied by the Merger Consideration of $16.50;

(such sum, the "Total Consideration").

In accordance with Section 14(g) of the Exchange Act, the filing fee was determined by multiplying the Total Consideration by 0.00015310.

(iv) The Company previously paid $46,230.57 upon the filing of its Preliminary Proxy Statement on Schedule 14A on
July 1, 2025 in connection with the transaction reported hereby.