NYSE: ZONE

Since nanobubbles have no natural buoyancy, they
remain underwater, where each tiny, negatively charged bubble is attracted to positively charged pollutants and harmful toxins. In the
article, Seridou and Kalogerakis write about how this union causes the nanobubbles to release ozone which extinguishes pathogens and slowly
breaks down the cell walls of mold, germs, and other residues. Further, a smaller size of nanobubbles is also more effective as they have
a higher density of ozone and are able to provide a more thorough surface coverage, which destroys a higher number of contaminants.

Our pure aqueous ozone product is a natural cleaner,
sanitizer, and deodorizer produced through the infusion of ozone into water using electricity. The use of this ozone solution has been
proven effective in eliminating germs, viruses, bacteria, allergens, and molds; and it performs better than bleach according to a research
report published by PLoS One (“The microbial killing capacity of aqueous and gaseous ozone on different surfaces contaminated with
dairy cattle manure,” May 14, 2018). Aqueous ozone technology has been tested and previously destroyed pathogens including E. Coli,
Staphylococcus, Listeria, and Salmonella as described in Catalyst journal (“Ozone and Photocatalytic Processes for Pathogens Removal
from Water: A Review,” January 5, 2019). The solution cleans hard surfaces, floors, carpets, upholstery, and food contact surfaces.

In addition, in an independent case study at Cape
Coral Hospital in Florida, the aqueous ozone solution worked to significantly deodorize smells. The same internal case study notes that
the aqueous ozone does not mask smells, but instead destroys the bacterium causing the smell.

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Our aqueous ozone solution is referred to as “pure”
because of its ability to keep high concentration of ozone in the solution without needing to use a stabilizer or additive. Depending
on the product, the pure aqueous ozone solution contains between 0.5 to 1.5 parts per million, or ppm, of ozone for professional cleaning
and up to 20 ppm of ozone for industrial cleaning. At these levels, we believe the concentration of ozone within the solution is strong
enough to effectively clean and deodorize better than bleach.

Corporate History and Structure

We were incorporated in the State of Nevada on
August 23, 2022 under the name CC Acquisition Corp. for the sole purpose of acquiring substantially all of the assets of CleanCore Solutions,
LLC, a Delaware limited liability company, or CleanCore LLC, TetraClean Systems, LLC, a Delaware limited liability company, or TetraClean,
and Food Safety Technology L.L.C., a Delaware limited liability company, or Food Safety. On November 21, 2022, we changed our name from
CC Acquisition Corp. to CleanCore Solutions, Inc.

On October 17, 2022, we entered into an asset
purchase agreement with CleanCore LLC, TetraClean, Food Safety and Burlington Capital, LLC, or Burlington, the majority owner of these
entities, pursuant to which we acquired substantially all of the assets of CleanCore LLC, TetraClean and Food Safety for a total purchase
price of $5,000,000, consisting of $2,000,000 in cash and the issuance of a promissory note in the principal amount of $3,000,000.

The predecessor of CleanCore LLC was CleanCore
Technologies, LLC, which was formed in 2014 and was wholly owned by Center Ridge Holdings, LLC. CleanCore LLC was formed in 2019 by Burlington
and Walker Water, LLC d/b/a O-Z Tech. In 2019, prior to the formation of CleanCore LLC, Center Ridge Holdings, LLC transferred substantially
all of the assets of CleanCore Technologies, LLC to Burlington, which then transferred such assets to CleanCore LLC. TetraClean and Food
Safety were created to focus on industrial and food safety, respectively. CleanCore LLC, TetraClean, and Food Safety were all under majority
control by Burlington prior to the acquisition by CC Acquisition Corp. All discussions
in this report regarding our business prior to the acquisition reflect the combined business of CleanCore LLC, TetraClean, and
Food Safety, our predecessor companies. Prior to the acquisition, we had no operations
other than operations relating to our incorporation and organization.

On January 29, 2025, we established CleanCore
Global as a wholly owned subsidiary in Ireland in anticipation of the acquisition described below.

On February 21, 2025, CleanCore Global entered
into an asset purchase agreement, which was amended on April 15, 2025, with Sanzonate Europe Ltd., an Irish incorporated company, or Sanzonate,
and Sanzonate Global Inc., the majority stockholder of Sanzonate, pursuant to which on April 15, 2025 CleanCore Global acquired substantially
all of the assets of Sanzonate used in the manufacturer and distribution of aqueous ozone products for an aggregate purchase price of
$2,475,000, consisting of: (i) $425,000 in cash; (ii) the issuance of a promissory note in the principal amount of $800,000; and (iii)
up to $1,250,000 in Earn-Out Payments (as defined below). As additional consideration, we issued to Sanzonate Global Inc. a five-year
warrant to purchase 425,000 shares of our class B common stock at an exercise price of $1.25 per share.

Sanzonate is also entitled to receive the following
payments (which we refer to as the Earn-Out Payments) to the extent that Net Sales (as defined in the asset purchase agreement) achieve
the following milestones during the five-year period beginning on the closing date and ending on the fifth anniversary of the closing
date. If Net Sales are at least (i) €2,000,000, CleanCore Global shall pay $200,000 to Sanzonate; (ii) €4,000,000, CleanCore
Global shall pay an additional $200,000 to Sanzonate; (iii) €6,000,000, CleanCore Global shall pay an additional $200,000 to Sanzonate;
(iv) €8,000,000, CleanCore Global shall pay an additional $200,000 to Sanzonate; (v) €10,000,000, CleanCore Global shall pay
an additional $200,000 to Sanzonate; and (vi) €12,000,000, CleanCore Global shall pay an additional $250,000 to Sanzonate.

As of the date of this report, CleanCore Global
is our only subsidiary.

Products

We offer products and solutions that are marketed
for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Our products are used in many types of environments
including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare,
food service, and commercial buildings such as offices, malls, and stores.

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Janitorial and Sanitation

Within the janitorial and sanitation sector, we
currently manufacture the following products:

● Fill Stations: Wall-mounted units that produce on demand aqueous ozone and can fill up spray
bottles or buckets for general cleaning, including our 1.0 Fill Station, which can produce one gallon per minute of aqueous ozone for
users with smaller cleaning needs, and our 3.0 Fill Station, which can produce three gallons per minute and is designed for commercial
and industrial cleaning requirements.

● POWER CADDY: A 12-gallon tank that generates aqueous ozone within it, so users are able
to generate on-site, on-demand aqueous ozone as they clean. These units come equipped with a spray gun and vacuum hose to properly clean
all locations. The POWER CADDY includes a high-pressure spray gun with a pressure per inch boost over 100 for more intense cleaning.

● POWER MINI CADDY. A six-gallon tank that generates aqueous ozone within it, so users are
able to generate on-site, on-demand aqueous ozone as they clean. This product comes equipped with a spray gun and vacuum hose to properly
clean all locations. The MINI CADDY is a smaller version of the POWER CADDY that is popular in smaller areas such as restaurants.

Ice System

The Ice Treatment System establishes a proactive
ice machine cleaning program. Cleaning ice machines is a labor intensive and slow process that needs to happen often to stop the buildup
of bacteria and mold in the ice machine, the buildup of which could contaminate the ice supply. Ice machines, like other water systems
used within indoor environments, create ideal conditions for fostering the growth of bacteria and mold. Pure aqueous ozone is highly effective
in cleaning the inside of ice machines. Our Ice System destroys bacteria by sending 0.50 ppm of aqueous ozone through the ice machine
each time it makes more ice. Aqueous ozone proactively prevents the growth of Listeria, Salmonella, E. Coli, Norwalk Virus, and Shigella
in the ice and keeps the ice pure while preventing respiratory and gastrointestinal illnesses.

Commercial and Residential Laundry

We believe that the laundry unit effectively oxidizes
and deodorizes to extend the life of your laundry. When the laundry ozone unit is connected to a washing machine, the aqueous ozone is
used to clean towels and linens. As a result, by avoiding harsh chemicals, the aqueous ozone may expand the life of the linens, reduce
dry time, and eliminate skin irritation. The flow rate of the commercial product is five GPM on each line.

Industrial Cleaning Products

We also plan to make aqueous ozone available for
industrial applications, primarily for the purpose of keeping industrial plants and production lines clean. We believe this industrial
product is safe to be used on food-contact surfaces and has been used in meat packing plants to eliminate the need to stop the packaging
line for cleaning. Additional applications for this product may include pet food packaging and manufacturing, canning operations, breweries,
wineries, distilleries, and consumer health manufacturers.

We build
customized cleaning systems to meet the required needs of our clients. Our system’s
volume output ranges from 10-250 GPM of our patented solution. The concentration levels of our aqueous ozone solutions can be adjusted
to suit our client’s distinctive needs. Multiple units can be placed in tandem for large volume projects. Concentration levels
of ozone can be established at up to 20 ppm of ozone.

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Sanitizing and Disinfectant Tablets

Branded “GreenKlean,”
these chlorinated tablets kill 99.9% of viruses and bacteria on a surface. These tablets
eliminate odors while disinfecting and can be used on a variety of hard non-porous surfaces. We believe each tablet is easy to use, fast
dissolving in water, and each tablet provides a single, standardized cleaning dose. The solution created from the tablet when mixed with
water may be applied with a spray device, cloth, wipe, sponge, brush, or mop. Each tablet is effective for up to three days in a closed
container and should be prepared daily when used in open containers. Generally, there is no need to rinse off the product after cleaning,
the surface just needs to fully air dry, with no remaining residue left nor harm to the surfaces’ finish. The tablets are made according
to standards of the National Science Foundation, an independent agency of the United States government that supports fundamental research
and education in all the non-medical fields of science and engineering, under the “D2” classification, which means these tablets
may be used as an antimicrobial agent that would not need to be rinsed or qualified as a “no rinse sanitizer.”

Manufacturing

We
currently source components and raw materials both domestically and overseas from vendors. The components and raw materials are shipped
to our facility in Omaha, NE and assembled. We have implemented a strict quality control program which is run by our Director of Operations
along with our Lead Production Supervisor. We have inventory control systems at our facilities
that track each manufacturing and packaging component as we receive it from our supply sources through manufacturing and shipment of each
product to customers. To facilitate this tracking, most products we sell are bar coded. We believe our distribution capabilities increase
our flexibility in responding to our customers’ delivery requirements.

Our manufacturing
operations are designed to allow low-cost production of a wide variety of products of different quantities, physical sizes and packaging
formats, while maintaining a high level of customer service and quality. Flexible production line changeover capabilities and reduced
cycle times allow us to respond quickly to changes in manufacturing schedules and customer demands.

We believe that our manufacturing facilities generally
have sufficient capacity to meet our current business requirements and our currently anticipated sales.

Raw Materials and Suppliers

The
primary raw materials used in the manufacture of our products are chassis, generators, various sockets, degas cylinders, and a variety
of other components. The cost of
these raw materials is a key factor in pricing our products.

We source raw materials from multiple regional,
national and foreign suppliers; however, we have a single vendor for a major component of two of our main products. For the years ended
June 30, 2025 and 2024, this vendor accounted for approximately 11% and 30%, respectively, of our total purchases. Certain of our materials
come from Asian-based suppliers. Raw materials from Asian-based suppliers may be subjected to import duties, depending on various
foreign policies of the US government. As such, we continue to explore partnership or supplier opportunities to optimize our costs.

As noted above, we have historically purchased
certain key raw materials from a limited number of suppliers. We purchase raw materials on the basis of purchase orders. While we believe
that there is an ample supply of most of the raw materials that we need, in the absence of
firm and long-term contracts, we may not be able to obtain a sufficient supply of these raw materials from our existing suppliers
or alternates in a timely fashion or at a reasonable cost. If we fail to secure a sufficient supply of key raw materials in a timely fashion,
it will result in a significant delay in delivering our products. Furthermore, failure to obtain a sufficient supply of these raw materials
at a reasonable cost could also harm our revenue and gross profit margins. Please see Item 1A “Risk Factors—Risks Related
to Our Business and Industry—We have historically depended on a limited number of third parties to supply key raw materials to us
and the failure to obtain a sufficient supply of these raw materials in a timely fashion and at reasonable costs could significantly delay
our delivery of products” for a description of the risks related to our supplier relationships.

Sales and Marketing

We will
utilize media, websites, email lists, social media to reach industries and new potential clients. We actively participate in a variety
of trade shows in health care, food service, commercial real estate, and schools and universities where we demonstrate and market our
products to thousands of potential and existing customers. We will also use these marketing tactics to grow awareness for our products
that we deploy in various cleaning applications. Finally, we will distribute press releases, attend industry conferences, and leverage
our relationships with existing customers to grow our client base.

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During the
fourth quarter of fiscal 2025, we acquired the assets of Sanzonate and formed CleanCore Global in Ireland. We will work to expand the
distribution base the former Sanzonate operation had by selling units in Europe through CleanCore Global.

We believe the work we are doing with KBS (as
described below) will allow us to expand sales opportunities with other building service management companies located in North America
and the European Union through CleanCore Global.

Customers

Historically,
we previously sold most of our products through distributors. Over the past two years, we have started to sell an increasing number of
products directly to end customers.

On January
10, 2025, we signed a three-year memorandum of understanding with Kellermeyer Bergensons Services, LLC, or KBS. KBS is a national building
service management company that provides janitorial services to over 100,000 buildings in the United States. The memorandum of
understanding covers pricing, accounts payable terms, and other key items to establish an opportunity for both companies to grow together.
KBS issued its first purchase order on May 28, 2025 for $1.369 million, of which $863,000 was invoiced in June 2025 and the remaining
balance is scheduled to be shipped and invoiced between July and September of 2025. A second purchase order from KBS was received on June
4, 2025 for $261,000 with shipment scheduled between July and September of 2025.

For the
year ended June 30, 2025, two customers, KBS and Prolink, Inc., accounted for 42% and 17% of revenue, respectively, and one customer,
KBS, accounted for 47% of all accounts receivable as of June 30, 2025. For the year ended June 30,
2024, one customer, Pro-Link, Inc., accounted for 14% of revenue, and two customers, Consensus Group and Tharaldson Hospitality,
each accounted for 28% of all accounts receivable as of June 30, 2024. We do not have a long-term contract with any
of these customers mentioned (the memorandum of understanding with KBS is not binding and does not require the purchase of specific quantities
of products). We primarily sell products to customers under individual purchase orders placed by them under their standard terms
and conditions of sale. These terms and conditions generally include insurance requirements, representations by us with respect to the
quality of our products and our production process, our obligations to comply with law, and indemnifications by us if we breach our representations
or obligations. There is no commitment from any of these customers to purchase from us, or from us to sell to them, any minimum number
of products.

The loss of any major customer could have a material
adverse effect on our results of operations. See Item 1A “Risk Factors—Risks Related to Our Business and Industry—Our
major customers account for a significant portion of our revenue and the loss of any major customer could have a material adverse effect
on our results of operations.”

Competition

The janitorial services industry is highly competitive
and has many established, large and small global competitors. We compete against a wide range of cleaning-focused businesses. Some of
our current competitors may be larger than we are, have larger customer bases, greater brand recognition and operating histories, a dominant
or more secure position, broader geographic scope, volume, scale, resources, and more market share than we do, or offer products and services
we do not offer. Other competitors are smaller, younger, companies that may be more agile in responding quickly to new products or changes
in the market.

Our major competitors for our products are traditional
cleaning companies such as Proctor and Gamble and Unilever, which are companies that develop and manufacture traditional chemical cleaning
products. However, to the best of our knowledge, none of them have an aqueous ozone technology. We also compete with companies in the
aqueous ozone cleaning market such as Tennant Company, Tersano Inc., and Enozo Technologies Inc and O3 Waterworks. Each of these companies
also produces devices to make aqueous ozone, and Tersano Inc. and Enozo Technologies Inc. produce aqueous ozone products for both personal
and professional use.

We also compete with a multitude of foreign, regional,
and local competitors that vary by market. If our existing or future competitors seek to gain or retain market share by reducing prices,
we may be required to lower our prices, which would adversely affect our operating results. Similarly, if customers or potential customers
perceive the products or services offered by our existing or future competitors to be of higher quality than ours or part of a broader
product mix, our revenues may decline, which would adversely affect our operating results.

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Competitive Strengths

We believe that the following competitive strengths
contribute to our success and differentiate us from our competitors:

● We have numerous patents for our technology. We currently
have 15 patents for our technology. These patents cover the functions of our products that allow our machines to produce ozone in the
form of nanobubbles.

● We have experience in the cleaning industry. Our acquisition
and subsequent business with aqueous ozone products have led us to maintain and uphold significant and meaningful relationships throughout
the service cleaning industry with various providers of cleaning services.

● We believe that our products eliminate the need for harsh
chemicals and reduce costs of labor in janitorial services. Various chemical solutions for cleaning are costly, but with the aqueous
ozone solution, we believe hospitals may reduce expenditures by switching to the aqueous ozone technology. Our customers in janitorial
services have reported a reduced time in cleaning and sanitizing, which saves our customers on labor costs.

● There is no chemical residue left after using our solution,
and we believe it causes less irritation compared to typical cleaning agents. When cleaning with the aqueous ozone solution, it
may remove and deodorize surfaces without using harsh caustic chemicals, and only water remains on the surface after cleaning, not any
chemical residue that may require additional rinsing. As a result, our clients may report less eye, skin, and respiratory irritation after
switching to our cleaning products.

● Our product is environmentally conscious. Our goal
is to reduce packaging waste when replacing traditional cleaners and their packaging with aqueous ozone dispensers. We believe our product
also reduces water consumption while cleaning. A two-year study at a major Vancouver hospital found that clients use 90% less water since
the aqueous ozone technology removes the need to flush the cleaning dispensing system between various chemical cleaning agents. Overall,
our products may reduce the carbon footprint of a janitorial service business when used in lieu of traditional cleaning methods.

Growth Strategies

The key elements of our strategy
to grow our business include:

● Targeting key industries. Historically, we sold our
products primarily through geographic and strategic distributors across the United States and Europe in the janitorial services sector.
In the past twelve months, we have shifted our focus to selling direct to end users. Our focus target groups include building service
management companies, hospitality, education, venue, and education.

● Deploy marketing strategies that raise awareness for our cleaning
products. We plan to expand our marketing efforts to increase awareness of our products. Our strategy includes attending industry
conferences and working with salespeople to start the use of our product in new areas.

● Create partnerships through exclusive licensing for distributors
and a direct sales model. We anticipate evolving the business model into a hybrid of both traditional distributors and a direct
sales model with key salespeople penetrating the health care, education, food service, and commercial buildings industries. Our goal is
also to create partnerships with some of the largest sports and entertainment arenas in the world, providing end-to-end sales and service.

● Expand distribution to the European Union. With the
acquisition of the assets of Sanzonate and the formation of CleanCore Global, we anticipate expanding the distribution network that Sanzonate
had to cover the entire European Union. We believe that Sanzonate was a market leader in providing Aqueous Ozone cleaning devises in the
European Union and we plan to capitalize on this opportunity.

Research and Development

We are continuing
our research and development into specific product applications across our core janitorial and sanitation product line, specifically aligning
our new direct sales and support strategy by evolving the existing product lines to capture new “real time” testing evaluations.

Previously,
we had conducted an adenosine triphosphate study on the Clemson University Core buildings to determine the cleaning effect of aqueous
ozone and our products.

We are also
active in developing consumer-focused products that can be sold and marketed online and in large box retail stores across the country.
We are exploring the development of our products for expanded usage in key market segments such as health care, food service, and commercial
cleaning industries.

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Intellectual Property

Currently,
we hold 15 patents, including 10 in the United States, 1 in Mexico and 4 in Canada. These patents cover the functions of our products
that allow our machines to produce the ozone in the form of nanobubbles. Each of our United States patents are utility patents, and are
owned by us. We currently do not license any patents.

Patent Title
Patent Number
Jurisdiction
Expiration Year

Ozone Cleaning System
2680331
Canada
2028

Ozone Cleaning System
320909
Mexico
2028

Ozonated Liquid Dispensing Unit
10479683
United States
2028

Reaction Vessel for an Ozone Cleaning System
8075705
United States
2029

Aqueous Ozone Solution for Ozone Cleaning System
8071526
United States
2029

Aqueous Ozone Solution for Ozone Cleaning System
8735337
United States
2029

Ozonated Liquid Dispensing Unit
9174845
United States
2029

Ozone Cleaning System
9068149
United States
2030

Ozonated Liquid Dispensing Unit
9522348
United States
2030

System for Producing and Distributing an Ozonated Fluid
2802307
Canada
2031

Ozonated Liquid Dispensing Unit
2802311
Canada
2031

Ozonated Liquid Dispensing Unit
2896332
Canada
2034

Method and Systems for Controlling Microorganisms
9670081
United States
2035

Apparatus for Generating Aqueous Ozone
11033647
United States
2039

Apparatus for Generating Aqueous Ozone
11660364
United States
2039

To protect our intellectual property, we rely
on a combination of laws and regulations, as well as contractual restrictions. We rely on Federal patent laws to protect our intellectual
property, including our patented technology. We also rely on the protection of laws regarding unregistered copyrights for certain content
we create and trade secret laws to protect our proprietary technology. To further protect our intellectual property, we enter into confidentiality
agreements with our executive officers and directors.

Employees

We seek
to attract and retain quality employees in the areas of sales, marketing, and internal operations. Our salespeople will be selected to
continue to identify and develop our client relationships. Our marketing staff will develop brand awareness of our products within the
janitorial services market.

As of June 30, 2025, we had
15 full time employees, 13 of whom were in the United States and 2 of whom were in Ireland. None of our employees are represented
by labor unions, and we believe that we have an excellent relationship with our employees.

Government Regulation

As a manufacturer
of ozone devices, we are subject to regulation by multiple U.S. government agencies, including the EPA. We must also comply with the Federal
Insecticide, Fungicide, and Rodenticide Act, or FIFRA, which establishes procedures for registering pesticides and pesticide generating
devices with the U.S. Department of Agriculture and following established labeling provisions. FIFRA mandates that the EPA regulates the
use and sale of pesticides and pesticide generating devices to protect human health and preserve the environment. Under FIFRA’s
definition, ozone is considered a pesticide and manufacturers of ozone generating devices are required to register with the EPA. Our EPA
registration establishment number is 090379-NE-001.

We are also
subject to regulation by the U.S. Food and Drug Administration, or the FDA, for the use of ozone for water treatment as well as its use
as an antimicrobial agent for the treatment, storage, and processing of foods. In 1982, the FDA granted “GRAS” approval, meaning
it is “generally recognized as safe” status for ozone treatment of bottled water. The FDA and the Center for Food Safety and
Applied Nutrition announced on June 26, 2001 that ozone may be safely used in the treatment, storage, and processing of foods, including
meat and poultry, when used in accordance with the specified conditions; and that ozone is approved as a secondary food additive permitted
for human consumption.

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Additionally,
the U.S. Department of Agriculture and Food Safety and Inspection Service declared in December 2001 that ozone may be used on food labeled
as “organic,” and that there are no special labeling requirements for treated raw and ready-to-eat meat and poultry products
if treated with ozone just prior to packaging.

The Occupational
Safety and Health Administration, or OSHA, and the American Conference of Governmental Industrial Hygienists, or ACGIH, have also issued
guidelines and regulations for ozone gas exposure. OSHA regulates ozone gas exposure based on time-weighted averages, and states that
ozone levels in ambient air should not exceed 0.10 ppm for an eight-hour exposure period. Similarly, ACGIH guidelines state provide for
similar time weighted averages, distinguishing based on the level of exertion starting from 0.10 ppm of ozone exposure for eight hours
of light work to 0.05 ppm of ozone exposure for eight hours of during heavy work.

The Hazard
Communication Standard provides workers who are exposed to hazardous chemicals or alike with “the right to know” the identities
and protective measures to be taken to protect themselves from adverse effect of air contaminants. Government recommendations include
guidelines that if an employee is exposed to ambient ozone levels higher than permitted, to wear a respirator or other personal protective
equipment until such a time when air contaminate levels are in within compliance according to the OSHA standards.

In Canada,
Health Canada has issued our company a letter of no-objection to the use of our solution as a sanitizer in Canada for use as a general
use sanitizer, hand disinfectant, personal hygiene cleaner, as a drain cleaner, for food packaging materials, and in use with food contacting
hard surfaces. Our Health Canada reference numbers are: IS13041201/02, IS13041209 to IS13041216, and IP13101701.

The application, interpretation, and enforcement
of these U.S. and foreign laws and regulations are often uncertain, particularly in the rapidly evolving industry in which we operate
and may be interpreted and applied inconsistently from country to country and inconsistently with our current policies and practices.
Any existing or new legislation applicable to our operations could expose us to substantial liability, including significant expenses
necessary to comply with such laws and regulations, to respond to regulatory inquiries or investigations, and to defend individual or
class litigation. These events could dampen growth in the use of the internet in general and cause us to divert significant resources
and funds to addressing these issues, and possibly require us to change our business practices.