Deal

Question 1

What were Ozark’s proposed benefits to Whole Earth Brands?

Answer 1

-All cash

-Royal Oak and WORLD are stronger together than they are apart, Both businesses sell to many of the same customers and share qualities

-WORLD team is burdened by a capital structure and public company pressures that inhibit the Company from pursuing attractive growth strategies

• existing WORLD stockholders would not be able to achieve such appreciation without a significant capital raise which would dilute all such stockholders.

-Company appears to be close to maximizing its limits on certain financial covenants imposed under its credit facilities, therefore leaving very little margin for unexpected events that may occur at
the Company