AvePoint SPAC Presentation Deck

26 Select Definitions Total ARR AvePoint calculates annual recurring revenue ("ARR") at the end of a particular period as the annualized sum of contractually obligated Annual Contract Value ("ACV") from SaaS, term license and support and maintenance revenue sources, with the exception of migration products, from all customers with a contract duration exceeding three months ("Core ARR"), and the product of the current month's monthly recurring revenue (“MRR") multiplied by twelve (to prospectively annualize SaaS and term license and support revenue). MRR is attributable to AvePoint's Channel business. TTM Net Retention Rate This metric is calculated by starting with the ARR from the cohort of all Core customers as of 12 months prior to such period end, or Prior Period ARR. We then calculate ARR from these same customers as of the current period end, or Current Period ARR. Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months but excludes ARR from new customers in the current period. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Core TTM dollar-based net retention rate. Recurring Revenue Total recurring revenue consists of revenue from SaaS, termed license and support and maintenance revenue offerings. Non-GAAP Operating Expense AvePoint defines non-GAAP operating expense as GAAP operating expense plus stock-based compensation. Financials ⒸAvePoint, Inc. All rights reserved. Confidential and proprietary information of AvePoint, Inc. 6

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