Merger Agreement On August 15, 2025, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with EH Parent LLC, a Delaware limited liability company, of which Yucaipa American Alliance Fund II, L.P. is the sole member ("Parent"), EH MergerSub Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub", and together with Parent, the "Buyer Parties"), providing for the merger of Merger Sub with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger"). Capitalized terms used herein but not otherwise defined have the meaning set forth in the Merger Agreement. Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"): (i) each share of common stock, par value $0.01 per share, of Merger Sub that is outstanding as of immediately prior to the Effective Time (other than the Parent Owned Merger Sub Shares) will be cancelled and extinguished and automatically converted into one validly issued, fully paid and nonassessable share of Class A Common Stock; (ii) each share of Company Common Stock that is outstanding as of immediately prior to the Effective Time (other than the Owned Company Shares, the Rollover Shares, Dissenting Company Shares and shares of Class A Common Stock issued pursuant to Section 2.8 of the Merger Agreement) will be canceled and extinguished and automatically converted into the right to receive cash in an amount equal to $9.00, without interest thereon (the "Per Share Price"); and (iii) each share of Company Common Stock that is (A) held by the Company Group or (B) an Owned Company Share, and each Parent Owned Merger Sub Share will be canceled and extinguished without any conversion thereof or consideration paid therefor. The Merger Agreement also provides that the Company Board (or any of its committees) will adopt resolutions that set forth the terms of providing consideration in connection with the Merger, (i) paid in cash or, for parties to the Rollover and Support Agreements, in cash and in shares of Class A Common Stock (or, for vested stock appreciation rights, continuation of the award and substitution of Class A Common Stock for stock underlying the award), for each outstanding unvested restricted stock unit award held by a non-employee/officer of the Company Board, vested stock appreciation right, vested restricted stock unit award, and performance-based restricted stock unit award granted by the Company. Each other unvested award granted by the Company will continue and Class A Common Stock will be substituted for stock underlying each such unvested award. The consummation of the Merger is subject to the satisfaction or waiver of certain conditions as set forth in the Merger Agreement, including but not limited to: (i) the affirmative vote of the holders of a majority of the voting power of all of the outstanding shares of Company Common Stock to adopt the Merger Agreement; (ii) the affirmative vote of the holders of a majority of the votes cast by the Unaffiliated Company Stockholders; (iii) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iv) the absence of any law, injunction, judgment, or order issued by a governmental authority of competent jurisdiction that prohibits, makes illegal, or enjoins the consummation of the Merger; (v) prior or substantially concurrent funding of the Debt Financing; (vi) the accuracy of the Company's representations and warranties contained in the Merger Agreement (except, generally for any inaccuracies that have not had a Company Material Adverse Effect or, in certain cases, other qualifications agreed by the parties and set forth in the Merger Agreement); and (vii) in the case of the Buyer Parties' obligations to consummate the Merger, the absence of a Company Material Adverse Effect. Subject to certain limitations, the Parent may terminate the Merger Agreement if the Merger is not consummated by 11:59 p.m. Eastern time, on February 15, 2026 (or such later date as agreed to by the parties). If the Merger is consummated, the Company's Class A Common Stock will be delisted from the New York Stock Exchange as soon as reasonably practicable after the Effective Time and then will be deregistered pursuant to the Securities Exchange Act of 1934, as amended, as soon as reasonably practicable after such delisting. The foregoing description of the Merger Agreement and the transactions contemplated thereby does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Merger Agreement, which is attached as an exhibit hereto and is incorporated by reference herein. Rollover and Support Agreements Also on August 15, 2025, in connection with the Issuer's concurrent execution of the Merger Agreement, certain stockholders of the Issuer, including each of the Reporting Persons (collectively, the "Reinvestment Stockholders"), entered into rollover and support agreements (the "Rollover and Support Agreements") with the Issuer. Pursuant to the Rollover and Support Agreements, the Reinvestment Stockholders have agreed, among other things and subject to the terms and conditions set forth therein, to (a) vote their respective shares of Company Common Stock in favor of the adoption of the Merger Agreement and the approval of the Merger and against any other action, agreement or proposal which would reasonably be expected to prevent, materially impair or materially delay the consummation of the Merger or the transactions contemplated by the Merger Agreement and (b) designate as "Rollover Shares" for purposes of the Merger Agreement a certain number of Company Common Stock owned by such Reinvestment Stockholders. The Support Agreements also include certain restrictions on transfer of shares of Company Common Stock by the Reinvestment Stockholders. Parent is an express third-party beneficiary of the Rollover and Support Agreements and is entitled to enforce the terms of the Rollover and Support Agreements. Pursuant to the Rollover and Support Agreement entered into by Mr. Jones, the Issuer has agreed that Mr. Jones will be permitted to enter into and consummate the transactions contemplated by the Purchase Agreement (as defined herein). Pursuant to the Rollover and Support Agreement entered into by Mr. Burkle, Yucaipa Funds, Global JV and OA3, Mr. Burkle, Yucaipa Funds, Global JV and OA3 acknowledged and agreed that any additional shares of Company Common Stock acquired by Mr. Burkle (or his affiliates) pursuant to the Purchase Agreement, will constitute "Rollover Shares." In the event that the Company secures additional equity financing for the transaction prior to the Closing in excess of the amount of Company cash used to fund the merger consideration in the transaction (such financing, the Incremental Equity Funding as defined in the Rollover Side Letter), a portion of such additional equity financing will be used to reduce the Rollover Shares for certain Reinvestment Stockholders up to a certain amount. Specifically, Mr. Caring and another shareholder entered into a side letter to the Rollover and Support Agreement ("Rollover Side Letter") that provides that, if the Company is able to obtain the Incremental Equity Funding at or prior to the Closing then (a) with respect to the first $111,791,657 of net proceeds of the Incremental Equity Funding actually received by the Company at or prior to the Closing, a number of Mr. Caring's shares of Company Common Stock that have been designated as Rollover Shares equal to the product (rounded down to the nearest whole number) of (x) 50% of such net proceeds divided by (y) the Per Share Price shall not be treated as Rollover Shares and shall instead be cancelled at the Closing and converted into the right to receive the Per Share Price in cash as provided in the Merger Agreement and (b) with respect to the next $56,743,281 of net proceeds of the Incremental Equity Funding actually received by the Company at or prior to the Closing, an additional number of Mr. Caring's shares of Company Common Stock that have been designated as Rollover Shares equal to such net proceeds divided by the Per Share Price shall not be treated as Rollover Shares and shall instead be cancelled at the Closing and converted into the right to receive the Per Share Price in cash as provided in the Merger Agreement. The number of Mr. Caring's shares of Company Common Stock that receive the Per Share Price cash consideration instead of being treated as Rollover Shares shall be allocated between Mr. Caring's shares of Class A Common Stock and Class B Common Stock in such proportions as Mr. Caring may determine in his sole discretion. In addition, pursuant to the Rollover Side Letter, at the Closing, the Company agreed to reimburse Mr. Caring for up to $300,000 of certain reasonable and documented out-of-pocket costs and expenses incurred by Mr. Caring in connection with the Merger Agreement, the Side Letter, the Voting Agreement and the Rollover and Support Agreement and the transactions contemplated thereby. The foregoing description of each of the Rollover and Support Agreements and Rollover Side Letter does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of each of the Rollover and Support Agreements entered into by each of the Reporting Persons and the Rollover Side Letter, each of which is attached as an exhibit hereto and is incorporated by reference herein. Voting Agreement Side Letters The Company, Parent, certain investors in Merger Sub ("Equity Investors"), and the Reinvestment Stockholders entered into Voting Agreement Side Letters on August 15, 2025, pursuant to which the parties agreed to enter into a Voting Agreement at the Closing of the Merger. The Voting Agreement will set forth the post-Closing governance framework, transfer provisions and liquidity rights for the Company and will be executed by the Company and the post-Closing stockholders at the Closing of the Merger. The foregoing description of the Voting Agreement Side Letters does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the form of the Voting Agreement Side Letters, which is attached as an exhibit hereto and is incorporated by reference herein. Financing of the Merger The Equity Investors have delivered to the Company commitment letters, in an aggregate amount of $264,600,000, from the Equity Investors pursuant to which each Equity Investor has committed, subject to the terms and conditions thereof, to invest in Merger Sub the cash amounts set forth therein. Upon Closing of the Merger, pursuant to the terms of the Merger Agreement, the Equity Investors will receive shares of Class A Common Stock in exchange for their equity investment in Merger Sub. Certain of the Equity Investors have also committed, subject to the terms and conditions of their commitment letters, to fund to Merger Sub an aggregate termination fee of $10,000,000 if (i) the Company terminates the Merger Agreement because all conditions to the Merger have been satisfied (subject to customary exceptions) and Parent fails to consummate the Merger after receiving written notification from the Company and (ii) certain of the Equity Investors does not fund its respective cash commitment at the Closing. Certain entities controlled, managed and/or advised by Apollo Capital Management, L.P., Goldman Sachs Asset Management L.P. and their respective affiliates (the "Lenders") have committed to provide certain subsidiaries of the Company with debt financing in an aggregate principal amount of $845 million on the terms and subject to the conditions set forth in debt commitment letters. A portion of the proceeds of such debt financing will be used to repay certain existing notes owned by affiliates of Goldman Sachs Asset Management L.P. and entities controlled, managed or advised by Goldman Sachs Asset Management L.P. or its affiliates in connection with the consummation of the transaction. The obligations of the Lenders to provide debt financing under the debt commitment letters are subject to customary closing conditions. Under the terms of the Merger Agreement, the Company is required to put in no more than $67 million in balance sheet cash to pay proceeds in the transaction, subject to certain adjustments. As a result of the arrangements in connection with the Merger Agreement, including the Rollover and Support Agreements and Voting Agreement Side Letters, the Reporting Persons could be deemed to be a "group" for the purposes of Section 13(d)(3) of the Act with parties to such agreements, or could be deemed to beneficially own the shares of Company Common Stock beneficially owned by such parties. Specifically, there are 15,515,725 shares of Class A Common Stock, 2,150,440 shares of Class A Common Stock underlying stock appreciation rights, and 112,649 shares of Class A Common Stock underlying restricted stock unit awards, owned by parties to the Rollover and Support Agreements other than the Reporting Persons that are designated as Rollover Shares (the "Other Rollover Shares"). However, the Reporting Persons expressly disclaim beneficial ownership of the Other Rollover Shares, and disclaim being a group with the other parties to the agreements disclosed herein, and neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by the Reporting Persons that they are a group with, or the beneficial owner of any of shares of Class A Common Stock beneficially owned by, such parties. Letter Agreement On August 15, 2025, Mr. Burkle entered into a letter agreement with Mr. Jones (the "Letter Agreement"). Pursuant to the Letter Agreement, Mr. Burkle agreed to purchase 4,400,000 shares of Class B Common Stock (the "Subject Shares") from Mr. Jones at a purchase price of $6.00 per share (the "NJ Sale") and an aggregate purchase price of $26,400,000 (the "Purchase Price"), conditioned upon (i) the filing by the Issuer of a definitive proxy statement (DEFM14A) regarding the Merger with the Securities and Exchange Commission ("SEC") and the distribution thereof to the Issuer's shareholders and (ii) confirmation by the Issuer's Chief Legal Officer that the sale is permitted under the terms of the Issuer's Insider Trading Policy and any other Issuer policies applicable to the purchase and/or sale of Issuer's shares by insiders. In addition to the payment of the Purchase Price, Mr. Burkle agreed that, in the event the Merger is consummated within twelve months following the NJ Sale, Mr. Burkle will pay or transfer to Mr. Jones within 30 days following the consummation of the Merger, an amount equal to 50% of the difference between the price per share cash consideration paid in the Merger and the price per Subject Share paid by Mr. Burkle, which translates into an additional $6,600,000, or $1.50 per Subject Share, if triggered. The foregoing description of the Letter Agreement does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Letter Agreement, which is attached as an exhibit hereto and is incorporated by reference herein. The Reporting Persons expect to review from time to time their investment in the Issuer and may, depending on the market and other conditions: (i) purchase additional shares of Company Common Stock, options or related derivatives in the open market, in privately negotiated transactions or otherwise and (ii) sell all or a portion of shares of Company Common Stock, options or related derivatives now beneficially owned or hereafter acquired by them. Each of Mr. Jones, Mr. Caring and Mr. Burkle serves as a director on the Board. In such capacities, the Reporting Persons may, from time to time, engage in discussions with members of the Issuer's management and Board, other current and prospective holders of the Issuers' equity and debt securities, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, equity and debt financing sources and other third parties regarding a variety of matters relating to the Issuer, which (in addition to the matters discussed above) may include, among other things, the Issuer's business, management, capital structure, capital allocation, corporate governance, board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. Except as set forth above, none of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.