Mondee SPAC

Comparables Selection Mondee has no direct comparables, hence a selection of global travel B2B, B2C, and GDS businesses provide a proxy for valuation Geographic presence End market Retail exposure Corporate Customer mix CapEx requirement³ Sources: Public filings Notes: B2B B2C B2E MONDEE Global B2E¹ Corporate ctm EMEA APAC BOOKING HOLDINGS Global OTA 1. B2E Travel defined as a relationship between a business and a enterprise, most commonly for the purposes of facilitating employee business travel 2. AMS and SABR do not offer booking capability directly to consumers 3. CapEx as % of 2019A Revenue. 14 = < 5%, 1% = 5-10%, 34 = 10-15%, Full =>15% e expedia group Global AMADEUS Global GDS 2 Sabre Global 2 MONDEE © 2021 All Rights Reserved | Confidential | 24

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