It is rare, that I will give a hat tip to good lawyering. But there's a lot of great things going on in this paragraph, and it's sub paragraphs, that I certainly must, in the interest of full candor, acknowledge is a pretty smart, impressive series of provisions. Now, that doesn't mean that they're not particularly onerous, to someone who's adverse to Zoom, but if you're Zoom, you've got a pretty impressive tool here for reasons we can certainly discuss.

In looking at the Zoom agreement, I actually just focused on the five or six paragraphs that are specified in the top half of the page.

I did that because I suspected that this effective date, which of course was just last week, March 31st, 2023, to the extent that amendments were made, they were, and I guarantee you they were because I suspect Zoom was concentrating on those sections. Given that my expectation is these are the freshest sections, I wanted to walk through, perhaps why Zoom has taken the action it has and in particular as it relates to, I know a provision that's near and dear to your heart, as well as mine, the arbitration provision in paragraph 27.