DIGITAL TURBINE, INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q/A)

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The following discussion should be read in conjunction with, and is qualified in
its entirety by, the condensed consolidated financial statements and the notes
thereto included in this Quarterly Report on Form 10-Q (the "Report"). The
following discussion contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and the provisions of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements involve
substantial risks and uncertainties. When used in this Report, the words
"anticipate," "believe," "estimate," "expect," "will," "seeks," "should,"
"could," "would," "may," and similar expressions, as they relate to our
management or us, are intended to identify such forward-looking statements. Our
actual results, performance, or achievements could differ materially from those
expressed in or implied by these forward-looking statements as a result of a
variety of factors, including those set forth under "Risk Factors" in our Annual
Report on Form 10-K for the fiscal year ended March 31, 2021, as well as those
described elsewhere in this Report and in our other public filings. The risks
included are not exhaustive and additional factors could adversely affect our
business and financial performance. We operate in a very competitive and rapidly
changing environment. New risk factors emerge from time-to-time and it is not
possible for management to predict all such risk factors, nor can it assess the
impact of all such risk factors on our business or the extent to which any
factor, or combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements. Historical operating
results are not necessarily indicative of the trends in operating results for
any future period. We do not undertake any obligation to update any
forward-looking statements made in this Report. Accordingly, investors should
use caution in relying on past forward-looking statements, which are based on
known results and trends at the time they are made, to anticipate future results
or trends. This Report and all subsequent written and oral forward-looking
statements attributable to us or any person acting on our behalf are expressly
qualified in their entirety by the cautionary statements contained or referred
to in this section.

All figures are in thousands, except per share and per share amounts.

Company presentation

Digital Turbine, Inc., through its subsidiaries (collectively "Digital Turbine"
or the "Company"), is a leading end-to-end solution for mobile technology
companies to enable advertising and monetization solutions. Its digital media
platform powers frictionless end-to-end application for brand discovery and
advertising, user acquisition and engagement, operational efficiency, and
monetization opportunities. The Company provides on-device solutions to all
participants in the mobile application ecosystem that want to connect with end
users and consumers who hold the device, including mobile carriers and device
original equipment manufacturers ("OEMs") that participate in the app economy,
app publishers and developers, and brands and advertising agencies.

RECENT DEVELOPMENTS

credit agreement

On February 3, 2021, the Company entered into a credit agreement (the "Credit
Agreement") with Bank of America, N.A. ("BoA"), which provides for a revolving
line of credit (the "Revolver") of up to $100,000 with an accordion feature
enabling the Company to increase the total amount up to $200,000. Funds are to
be used for acquisitions, working capital, and general corporate purposes. The
Credit Agreement contains customary covenants, representations, and events of
default and also requires the Company to comply with a maximum consolidated
leverage ratio and minimum fixed charge coverage ratio.

On April 29, 2021, the Company entered into an amended and restated Credit
Agreement (the "New Credit Agreement") with BoA, as a lender and administrative
agent, and a syndicate of other lenders, which provides for a revolving line of
credit of up to $400,000. The revolving line of credit matures on April 29, 2026
and contains an accordion feature enabling the Company to increase the total
amount of the revolver by $75,000 plus an amount that would enable the Company
to remain in compliance with its consolidated secured net leverage ratio, on
such terms as agreed to by the parties. The New Credit Agreement contains
customary covenants, representations, and events of default and also requires
the Company to comply with a maximum consolidated secured net leverage ratio and
minimum consolidated interest coverage ratio.
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Amounts outstanding under the New Credit Agreement accrue interest at an annual
rate equal to, at the Company's election, (i) London Inter-Bank Offered Rate
("LIBOR") plus between 1.50% and 2.25%, based on the Company's consolidated
leverage ratio, or (ii) a base rate based upon the highest of (a) the federal
funds rate plus 0.50%, (b) BoA's prime rate, or (c) LIBOR plus 1.00% plus
between 0.50% and 1.25%, based on the Company's consolidated leverage ratio.
Additionally, the New Credit Agreement is subject to an unused line of credit
fee between 0.15% and 0.35% per annum, based on the Company's consolidated
leverage ratio.

The Company's payment and performance obligations under the New Credit Agreement
and related loan documents are secured by its grant of a security interest in
substantially all of its personal property assets, whether now existing or
hereafter acquired, subject to certain exclusions. If the Company acquires any
real property assets with a fair market value in excess of $5,000, it is
required to grant a security interest in such real property as well. All such
security interests are required to be first priority security interests, subject
to certain permitted liens.

From June 30, 2021we have had $237,134 drawn on the revolving line of credit under the new credit agreement with a maturity date of April 29, 2026. The proceeds were used to finance the acquisitions detailed below.

Acquisitions

Appreciate On March 1, 2021, Digital Turbine, through its subsidiary DT EMEA, an
Israeli company and wholly-owned subsidiary of the Company, entered into a Share
Purchase Agreement with Triapodi Ltd., an Israeli company (d/b/a Appreciate)
("Appreciate"), the stockholder representative, and the stockholders of
Appreciate, pursuant to which DT EMEA acquired, on March 2, 2021, all of the
outstanding capital stock of Appreciate in exchange for total consideration of
$20,003 in cash (the "Appreciate Acquisition"). Under the terms of the Purchase
Agreement, DT EMEA entered into bonus arrangements to pay up to $6,000 in
retention bonuses and performance bonuses to the founders and certain other
employees of Appreciate. The Purchase Agreement contains customary
representations and warranties, covenants, and indemnification provisions. The
Company determined the operating results of Appreciate to not be material to the
condensed consolidated financial statements for the three months ended June 30,
2020 and, therefore, has not included pro forma financial information for
Appreciate below. None of the goodwill recognized for the Acquisition was
deductible for tax purposes.

The acquisition of Appreciate delivers valuable deep ad-tech and algorithmic
expertise to help Digital Turbine execute on its broader, longer-term vision.
Deploying Appreciate's technology expertise across Digital Turbine's global
scale and reach should further benefit partners and advertisers that are a part
of the combined Company's platform.

AdColony Holding AS. On April 29, 2021, the Company completed the acquisition of
AdColony Holding AS, a Norway company ("AdColony"), pursuant to a Share Purchase
Agreement (the "AdColony Acquisition"). The Company acquired all outstanding
capital stock of AdColony in exchange for an estimated total consideration in
the range of $400,000 to $425,000, to be paid as follows: (1) $100,000 in cash
paid at closing (subject to customary closing purchase price adjustments), (2)
$100,000 in cash to be paid six months after closing, and (3) an estimated
earn-out in the range of $200,000 to $225,000, to be paid in cash, based on
AdColony achieving certain future target net revenues, less associated cost of
goods sold (as such term is referenced in the Share Purchase Agreement), over a
12-month period ending on December 31, 2021 (the "Earn-Out Period"). Under the
terms of the earn-out, the Company would pay the seller a certain percentage of
actual net revenues (less associated cost of goods sold, as such term is
referenced in the Share Purchase Agreement) of AdColony, depending on the extent
to which AdColony achieves certain target net revenues (less associated cost of
goods sold, as such term is referenced in the Share Purchase Agreement) over the
Earn-Out Period. The earn-out payment will be made following the expiration of
the Earn-Out Period. The Company paid the cash closing amount on the closing
date and intends to pay the remainder of the cash consideration for the
acquisition with a combination of available cash-on-hand, borrowings under the
Company's senior credit facility, and proceeds from future capital financings.

AdColony is a leading mobile advertising platform servicing advertisers and
publishers. AdColony's proprietary video technologies and rich media formats are
widely viewed as a best-in-class technology delivering third-party verified
viewability rates for well-known global brands. With the addition of AdColony,
the Company will expand its collective experience, reach, and suite of
capabilities to benefit mobile advertisers and publishers around the globe.
Performance-based spending trends by large, established brand advertisers
present material upside opportunities for platforms with unique technology
deployable across exclusive access to inventory.
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Fyber N.V. On May 25, 2021, the Company completed the initial closing of the
acquisition of at least 95% of the outstanding voting shares (the "Majority
Fyber Shares") of Fyber N.V. ("Fyber") pursuant to a Sale and Purchase Agreement
(the "Fyber Acquisition") between Tennor Holding B.V., Advert Finance B.V., and
Lars Windhorst (collectively, the "Seller"), the Company, and Digital Turbine
Luxembourg S.ar.l., a wholly-owned subsidiary of the Company. The remaining
outstanding shares in Fyber (the "Minority Fyber Shares") are (to the Company's
knowledge) widely held by other shareholders of Fyber (the "Minority Fyber
Shareholders") and are presented as non-controlling interests within these
financial statements.

The Company acquired Fyber in exchange for an estimated aggregate consideration of up to $600,000made up of :

i.Approximately $150,000 in cash, $124,336 of which was paid to the Seller at
the closing of the acquisition and the remainder of which is to be paid to the
Minority Fyber Shareholders for the Minority Fyber Shares pursuant to the tender
offer described below;

ii.5,816,588 newly-issued shares of common stock of the Company to the Seller,
based on the volume-weighted average price of the common stock on NASDAQ during
the 30-day period prior to the closing date, equal in value to $359,233, based
on the closing price of the Company's common stock on the date of the
acquisition, as follows:

1.3 216,935 newly issued ordinary shares of the Company with a value equal to
$198,678issued upon closing of the acquisition;

2.1,500,000 newly issued ordinary shares of the Company with a value equal to
$92,640published on June 17, 2021;

3.1,040,364 newly issued ordinary shares of the Company with a value equal to
$64,253published on July 16, 2021;

4.59,289 shares of common stock of the Company equal in value to $3,662, to be
newly-issued during its fiscal second quarter 2022, but subject to a true-up
reduction based on increased transaction costs associated with the staggered
delivery of the Majority Fyber Shares to the Company; and

iii.Contingent upon Fyber's net revenues being equal to or higher than $100,000
for the 12-month earn-out period ending on March 31, 2022, as determined in the
manner set forth in the Sale and Purchase Agreement, a certain number of shares
of the Company's common stock, which will be newly-issued to the Seller at the
end of the earn-out period, and under certain circumstances, an amount of cash,
which value of such shares and cash in aggregate will not exceed $50,000
(subject to set-off against certain potential indemnification claims against the
Seller).

The Company paid the cash closing amount on the closing date and intends to pay
the remainder of the cash consideration for the acquisition with a combination
of available cash-on-hand, borrowings under the Company's senior credit
facility, and proceeds from future capital financings.

Pursuant to certain German law on public takeovers, following the closing, the
Company launched a public tender offer to the Minority Fyber Shareholders to
acquire from them the Minority Fyber Shares. The tender offer is subject to
certain minimum price rules under German law. The timing and the conditions of
the tender offer, including the consideration of EUR 0.84 per share offered to
the Minority Fyber Shareholders in connection with the tender offer, was
determined by the Company pursuant to the applicable Dutch and German takeover
laws. The Company anticipates completing the tender offer during its fiscal
second quarter 2022. Please see Note 15, "Subsequent Events," for further
information.

Fyber is a leading mobile advertising monetization platform empowering global
app developers to optimize profitability through quality advertising. Fyber's
proprietary technology platform and expertise in mediation, real-time bidding,
advanced analytics tools, and video combine to deliver publishers and
advertisers a highly valuable app monetization solution. Fyber represents an
important and strategic addition for the Company in its mission to develop one
of the largest full-stack, fully-independent, mobile advertising solutions in
the industry. The combined platform offering is advantageously positioned to
leverage the Company's existing on-device software presence and global
distribution footprint.
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Sector reports

Prior to the acquisitions of both AdColony and Fyber, the Company had one
operating and reportable segment called Media Distribution. As a result of the
acquisitions, the Company reassessed its operating and reportable segments in
accordance with ASC 280, Segment Reporting. Effective April 1, 2021, the Company
reports its results of operations through the following three segments, each of
which represents a reportable segment, as follows:

•On Device Media ("ODM") - This segment is the legacy single reporting segment
of Digital Turbine prior to the AdColony and Fyber acquisitions. This segment
generates revenues from services that deliver mobile application media or
content media to end users. This segment's customers are mobile device carriers
and OEMs that pay for the distribution of media. The other reporting segments
are not dependent on these mobile device carrier and OEM relationships.

•In App Media - AdColony ("IAM-A") - This segment is inclusive of the acquired
AdColony business and generates revenues from services provided as an end-to-end
platform for brands, agencies, publishers, and application developers to deliver
advertising to consumers on mobile devices around the world. IAM-A customers are
primarily advertisers.

•In App Media - Fyber ("IAM-F") - This segment is inclusive of the acquired
Fyber business and generates revenues from services provided to mobile
application developers and digital publishers to monetize their content through
advanced technologies, innovative advertisement formats, and data-driven
decision making. IAM-F customers are primarily publishers.

Impact of COVID-19

Our results of operations are affected by economic conditions, including
macroeconomic conditions, levels of business confidence, and consumer
confidence. There is some uncertainty regarding the extent to which COVID-19
will impact our business and the demand for our service offerings. The extent to
which COVID-19 impacts our operational and financial performance will depend on
the impact to carriers and OEMs in relation to their sales of smartphones,
tablets, and other devices, and on the impact to application developers and
in-app advertisers. If COVID-19 continues to have a significant negative impact
on global economic conditions over a prolonged period of time, our results of
operations and financial condition could be adversely impacted. Presently, we
are conducting business as usual, with some modifications to employee travel,
employee work locations, and cancellation of certain marketing events, among
other modifications. We will continue to actively monitor the situation and may
take further actions that alter our business operations, as required, or that we
determine are in the best interests of our employees, customers, partners,
suppliers, and stockholders.

                             RESULTS OF OPERATIONS
                                  (Unaudited)

Net revenues

                                          Three months ended June 30,
                                              2021                   2020        % of Change
                                            Restated                              Restated
      Net revenues
      On Device Media              $       120,383                $ 59,012           104.0  %
      In App Media - AdColony               30,302                       -           100.0  %
      In App Media - Fyber                   9,172                       -           100.0  %
      Total net revenues           $       159,857                $ 59,012           170.9  %

Comparison of the three months ended June 30, 2021 and 2020

Net revenues increased by 170.9% ($100,845) over the comparative periods due to
a combination of continuing organic growth of the Company's historical legacy
business (On Device Media) and contributions from recent acquisitions.
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On the device stand

The Company's On Device Media segment generates revenues from services that
deliver mobile application media or content media to end users. This segment is
the legacy single reporting segment of Digital Turbine (previously called Media
Distribution) and its customers are mobile device carriers and OEMs that pay for
the distribution of media. On Device Media revenues increased by 104.0%
($61,371) over the comparative periods due to increased demand for our
application media and content media distribution services, which led to higher
CPI and CPP revenues per available placement, and driven primarily by increased
revenues from advertising partners as placement across existing commercial
partners expanded, distribution with new partners expanded, and new services and
features were deployed or expanded upon.

In App Media – AdColony

The Company's IAM-A segment generates revenues from services provided as an
end-to-end platform for brands, agencies, publishers, and application developers
to deliver advertising to consumers on mobile devices around the world. IAM-A
customers are primarily advertisers. IAM-A revenues increased by 100.0%
($30,302) over the comparative periods due to the acquisition and integration of
AdColony during our fiscal first quarter 2022 ended June 30, 2021. Please see
Note 4, "Acquisitions," for further information.

In App Media – Fyber

The Company's IAM-F segment generates revenues from services provided to mobile
application developers and digital publishers to monetize their content through
advanced technologies, innovative advertisement formats, and data-driven
decision making. IAM-F customers are primarily publishers. IAM-F revenues
increased by 100.0% ($9,172) over the comparative periods due to the acquisition
and integration of Fyber during our fiscal first quarter 2022 ended June 30,
2021. Please see Note 4, "Acquisitions," for further information.

Revenue costs and operating expenses

                                                                          Three months ended June 30,
                                                                             2021                 2020               % of Change
                                                                           Restated                                   Restated
Costs of revenues and operating expenses
License fees and revenue share                                        $        83,808          $ 32,300                     159.5  %
Other direct costs of revenues                                                  4,468               560                     697.9  %
Product development                                                            12,924             4,408                     193.2  %
Sales and marketing                                                            13,736             4,318                     218.1  %
General and administrative                                                     23,984             6,804                     252.5  %
Restructuring and impairment costs                                                 10                 -                     100.0  %
Total costs of revenues and operating expenses                        $       138,930          $ 48,390                     187.1  %


Comparison of the three months ended June 30, 2021 and 2020

Costs of revenues and operating expenses increased by 187.1% ($91,094) over the
comparative periods, a result of continuing organic and inorganic growth,
including the acquisitions of Appreciate, AdColony, and Fyber. Company-wide cost
control measures show the Company's ability to scale revenues at a greater rate
than operating expenses.

License fees and revenue sharing

License fees and revenue share are reflective of amounts paid to our carrier and
OEM partners who drive the revenues generated from advertising via direct CPI,
CPP, or CPA arrangements with application developers or when indirect
arrangements through advertising aggregators (ad networks) are shared with our
carrier and application development partners and the shared revenue is recorded
as a cost of revenue. License fees and revenue share increased by 159.5%
($51,508) over the comparative periods, attributable to the increase in total
net revenues over the same period as these costs are paid as a percentage of our
revenues.

Other direct revenue costs

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Other direct revenue costs primarily include hosting expenses directly related to revenue generation and amortization expenses accounted for under ASC 985-20, Costs of Software for Sale, Lease, or Otherwise Commercialization. Other direct revenue costs increased by 697.9% ($3,908) over the comparative periods, mainly thanks to the continued growth of the On-Device Media segment.

Product development

Product development expenses include the development and maintenance of the
Company's product suite. Expenses in this area are primarily a function of
personnel. Product development expenses increased by 193.2% ($8,516) over the
comparative periods, attributable to increased product development headcount,
both organically and through our recent acquisitions, and other employee-related
and third-party development-related costs as the Company continues to scale its
product development organization to support the Company's growth.

Sales and Marketing

Sales and marketing expenses represent the costs of sales and marketing
personnel, advertising and marketing campaigns, and campaign management. Sales
and marketing expenses increased by 218.1% ($9,418) over the comparative
periods, attributable to the addition of new personnel in existing markets
related to the Company's continued expansion of its global footprint and
increased commissions associated with the sales team generating more revenue
through new and existing advertising relationships and markets, in addition to
inorganic additions through our recent acquisitions.

general and administrative

General and administrative expenses represent management, finance, and support
personnel costs in both the parent and subsidiary companies, which include
professional services and consulting costs, in addition to other costs such as
rent, stock-based compensation, and depreciation and amortization expense.
General and administrative expenses increased by 252.5% ($17,180) over the
comparative periods, attributable to employee-related expenses as a function of
higher headcount, inclusive of an increase in the Company's annual accrued bonus
expense, increase in depreciation and amortization related to capitalized
internal-use software, and continued growth including the acquisitions of
AdColony and Fyber and the amortization of intangible assets acquired through
those acquisitions.

Interest and other income / (expenses), net

                                                                   Three 

months ended June 30th,

                                                                       2021             2020             % of Change
Interest and other income / (expense), net
Interest expense, net                                              $  (1,157)         $ (306)                  (278.1) %
Foreign exchange transaction loss                                       (270)              -                   (100.0) %
Loss on extinguishment of debt                                             -               -                        -  %
Other income / (expense), net                                            (35)              -                   (100.0) %
Total interest and other income / (expense), net                   $  (1,462)         $ (306)                   377.8  %


Comparison of the three months ended June 30, 2021 and 2020

Interest and other income / (expense), net, increased by 377.8% ($1,156 of
expenses) over the comparative periods, primarily due to an increase in our
interest expense, net, detailed further below, and also with contributions to
the net period-over-period increase from foreign exchange transaction loss and
other income / (expense), net.

Interest expense, net

Interest expense, net, increased by 278.1% ($851) over the comparative periods,
largely due to our borrowings under our New Credit Agreement with Bank of
America, which were used for the cash portions of the purchase prices for our
acquisitions of AdColony and Fyber, and, to a lesser degree, due to unused line
fees under our New Credit Agreement and interest on the loans we assumed through
our acquisition of Fyber. Interest expense also includes the amortization of
debt issuance costs related to our New Credit Agreement.
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Cash and capital resources

Our primary sources of liquidity are cash from operations and debt. As of June
30, 2021, we had cash totaling approximately $84,012 and $237,134 drawn under
and $162,866 available to draw under our New Credit Agreement with Bank of
America. The amount drawn under our New Credit Agreement is due by April 29,
2026, and is classified as long-term debt on our condensed consolidated balance
sheet as of June 30, 2021. In addition, subsequently to our fiscal first quarter
ended June 30, 2021, we drew an additional $30,000 under our New Credit
Agreement in order to fund the tender offer to the Minority Fyber Shareholders
detailed above.

Our ability to meet our debt service obligations and to fund working capital,
capital expenditures, and investments in our business will depend upon our
future performance, which will be subject to financial, business, and other
factors affecting our operations, many of which are beyond our control,
availability of borrowing capacity under our credit facility, and our ability to
access the capital markets. For example, this could include general and regional
economic, financial, competitive, legislative, regulatory, and other factors. We
cannot ensure that we will generate cash flow from operations, or that future
borrowings or the capital markets will be available, in an amount sufficient to
enable us to pay our debt or to fund our other liquidity needs. We could face
substantial liquidity problems and could be forced to reduce or delay
investments and capital expenditures or to dispose of material assets or
operations, seek additional indebtedness or equity capital, or restructure or
refinance our indebtedness. We may not be able to effect any such alternative
measures on commercially reasonable terms or at all and, even if successful,
those alternative actions may not allow us to meet our scheduled debt service
obligations.

The Company believes it has sufficient liquidity and capital resources to meet
its business requirements for at least twelve months from the filing date of
this Quarterly Report on Form 10-Q.

Acquisition Purchase Price Liability

The Company has recognized acquisition purchase price liability of $313,413 on
its condensed consolidated balance sheet as of June 30, 2021, comprised of the
following components:

•$100,000 of unpaid cash consideration for the AdColony Acquisition (due on or
before October 29, 2021)
•$213,413 of estimated contingent earn-out consideration for the AdColony
Acquisition (due following December 31, 2021)

The Company intends to pay this consideration with a combination of available
cash-on-hand, borrowings under the Company's New Credit Agreement, including up
to utilizing the accordion feature of the senior credit facility, and proceeds
from future capital financings.

Outstanding guaranteed debt

The Company's outstanding secured indebtedness under the New Credit Agreement of
$237,134 as of June 30, 2021, additional draw of $30,000 under the New Credit
Agreement subsequent to its fiscal first quarter ended June 30, 2021, and
ability to borrow additional amounts under its New Credit Agreement could have
significant negative consequences, including:

•increasing the Company's vulnerability to general adverse economic and industry
conditions;
•limiting the Company's ability to obtain additional financing;
•violating a financial covenant, potentially resulting in the indebtedness to be
paid back immediately and thus negatively impacting our liquidity;
•requiring additional financial covenant measurement consents or default waivers
without enhanced financial performance in the short term;
•requiring the use of a substantial portion of any cash flow from operations to
service indebtedness, thereby reducing the amount of cash flow available for
other purposes, including capital expenditures;
•limiting the Company's flexibility in planning for, or reacting to, changes in
the Company's business and the industry in which it competes, including by
virtue of the requirement that the Company remain in compliance with certain
negative operating covenants included in the credit arrangements under which the
Company will be obligated as well as meeting certain reporting requirements; and
•placing the Company at a possible competitive disadvantage to less leveraged
competitors that are larger and may have better access to capital resources.

Our credit facility also contains a maximum consolidated secured net leverage ratio and a minimum consolidated interest rate

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coverage ratio. There can be no assurance we will continue to satisfy these
ratio covenants. If we fail to satisfy these covenants, the lender may declare a
default, which could lead to acceleration of the debt maturity. Any such default
would have a material adverse effect on the Company.

The collateral pledged to secure our secured debt, consisting of substantially
all of our and our U.S. subsidiaries' assets, would be available to the secured
creditor in a foreclosure, in addition to many other remedies. Accordingly, any
adverse change in our ability to service our secured debt could result in an
event of default, cross default, and foreclosure or forced sale. Depending on
the value of the assets, there could be little, if any, assets available for
common stockholders in any foreclosure or forced sale.

Debt supported by acquisition of Fyber

As a part of the Fyber Acquisition, the Company assumed $20,415 of debt
previously held by Fyber. This debt is comprised of amounts drawn against three
separate revolving lines of credit, details for which can be found in Note 10,
"Debt," of the condensed consolidated financial statements, and is classified as
short-term debt on the condensed consolidated balance sheet as of June 30, 2021.
The revolving lines of credit from Billfront, Discount Bank, and Bank Leumi
mature on September 10, 2021, November 15, 2021, and December 30, 2021,
respectively.

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