Dropshipping Financials: Note on Incremental Margins • Our EBITDA margin forecast is likely to be very conservative given that the Dropshipping Business has ~70% - 80% incremental EBITDA margins. Caro-Kann Capital LLC 65

Dropshipping Financials: Note on Incremental Margins • Our EBITDA margin forecast is likely to be very conservative given that the Dropshipping Business has ~70% - 80% incremental EBITDA margins. Caro-Kann Capital LLC 65