Contract analysis

1. We recommend scheduling a follow-up negotiation call with Victor Sandoval and Leah Voss for the week of October 20, 2025, to address the four major open issues outlined above.

2. Sara and I will prepare a revised redline reflecting Calderwood & Harkness's recommended positions for your review, Diana, by end of day Friday, October 17, 2025.

3. Diana, could you coordinate internally with Jason Leclaire (VP, Marketing & Customer Engagement) to confirm Cascade's business-side flexibility, if any, on the combined-data-rights issue? Specifically, it would be helpful to understand whether the aggregated/de-identified carve-out described above would address Thornbridge's stated needs from marketing's perspective, or whether Thornbridge's ask is fundamentally a

4. Diana, we would also ask that you loop in Gregory Farris and Priya Nandakumar regarding the technical feasibility of the real-time GPC signal pass-through so that we can speak to implementation specifics with confidence on the next call.

5. Finally, I want to flag that if the major issues are not substantially resolved during or shortly after the week of October 20, the October 31, 2025 execution target is at risk. In that event, we recommend that the parties consider executing a binding term sheet or interim data-handling protocol by October 31 to maintain compliance momentum, with a definitive agreement to follow on an expedited timeline. We can pr