Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% % Debt Financing % Equity Financing 50% Acquirer and Target Assumptions Amazon Acquirer $3,099.40 Share Price ($/sh.) Fully Diluted Shares Outstanding (MM) Cash and Cash Equivalents Total Debt Walmart Target $140.50 2,863 $16.906 $70,242 $37.466 $91,401 Transaction Costs Information Equity Financing Fees Debt Financing Fees Other Transaction Costs Target Debt Early Redemption Premium 1.5% $3,000 Total transaction costs, based on the assumptions provided, are expected to be: $19,895 $22,002 $18,382 $19,002