Extract to table

Skybridge's financial profile is relevant to the SLA analysis because the credit exposure under the Agreement must be assessed against Skybridge's overall financial capacity and margin structure

Skybridge is required to provide Meridian with no fewer than five (5) business days' advance written notice of any scheduled maintenance that may result in service disruption

Annual Exposure The annual credit cap operates independently of the monthly cap and is set at 15% of the applicable annual subscription fee: The annual cap functions as a backstop: even if monthly credit obligations are triggered every month of a given year (each up to the 30% monthly cap), the total credits Skybridge is required to issue for that year cannot exceed 15% of the annual fee

Interaction with Termination Right The credit cap analysis must be considered in conjunction with the performance-based termination right included in Skybridge's proposal

9% is our recommended position, it carries its own risks that must be weighed: Strategic importance of the Meridian relationship