Contract analysis

1. Confirmation of Closing We are pleased to confirm that the acquisition of substantially all of the assets of CPI closed on June 30, 2024 (the "Closing Date"). As you are aware, the original target closing date was June 20, 2024; the closing was delayed by ten days to allow for the completion of the final landlord consent solicitations and the resolution of certain last-minute title matters relating to the Chattano

2. Summary of Post-Closing Obligations and Key Dates The following sections describe the key post-closing obligations, deadlines, and considerations arising under the APA, the ancillary agreements, and the financing documents. We strongly recommend that Ardent Capital establish an internal tracking and calendar system for the dates and deadlines described below to ensure timely compliance with all contractual obligat

3. Summary Calendar of Key Post-Closing Dates For ease of reference, the following table summarizes the key post-closing dates and obligations arising from the transaction: We recommend that these dates be entered into Ardent's internal compliance calendar and that responsibility for monitoring each obligation be assigned to a specific member of the Ardent team. Missed deadlines — particularly with respect to indemni

4. Document Retention Recommendations Calderwood & Harkness will maintain the complete closing set and all transaction documents in our files in accordance with the firm's document retention policies. However, we strongly recommend that Ardent Capital Management LLC and Ardent Capital Partners III LP maintain their own independent copies of all material transaction documents. We recommend that the following documents

5. Continuing Availability of Counsel Calderwood & Harkness remains available to assist Ardent Capital with all post-closing matters arising from the transaction. Our ongoing representation encompasses, without limitation, the following areas: • NWC dispute resolution, including engagement with the independent accounting firm if necessary; • Earnout calculation review, including analysis of Adjusted EBITDA determinat