Pinstripes Inc., a wholly-owned subsidiary of Pinstripes Holdings Inc. announced On April 18, 2024, it entered into a Distribution Capabilities and Proposal for Pinstripes Inc. (the Distribution Agreement) with Edward Don & Company LLC (the Distributor). The Distribution Agreement supersedes the Distribution Capabilities and Proposal for Pinstripes Inc., dated as of March 1, 2010 between the Distributor and Pinstripes. Pursuant to the Distribution Agreement, Pinstripes has agreed that the Distributor will act as the primary distribution partner for non-food supplies and equipment to Pinstripes.

The Distribution Agreement will continue for a period of five years or until total purchases, net of returns and credits, reach $20.0 million (the Initial Term), with such Initial Term automatically renewing for successive one-year terms unless either party provides the other party with at least 90 days? written notice before the start of the new contract term. The Distribution Agreement may be terminated by, among other things, either party for convenience with ninety days prior written notice, the Distributor upon notice to Pinstripes, if Pinstripes fails to timely pay any amount due to the Distributor within ten days after written notice from the Distributor, or by the Distributor, upon 30 days written notice to Pinstripes, if Pinstripes?

financial position deteriorates materially, determined by the Distributor in its sole judgment, or the Distributor becomes aware of any circumstances that, in the Distributor?s sole judgment, materially impacts Pinstripes? ability to meet its financial obligations when due.