Strong Financial Performance & Growth Strategy

STRONG FRANCHISE PARTNER NETWORK AND NEW STORE PIPELINE We received more than 3,800 applications during fiscal 2016 from which we awarded franchises to fewer than 1.7% of applicants 33% of new Freshii locations opened during fiscal 2016 were opened by an existing traditional franchise partner 239 signed franchise partners, of which 169 are operating a total of 298 franchise stores as of March 26th, 2017 Expect the new store opening process to be accelerated by our exclusive real estate brokerage team, who will work with new franchise partners to identify and select real estate from a preferred list of pre-identified locations in target markets Application Received ILLUSTRATIVE TIMELINE (APPROXIMATELY 11 MONTHS FROM APPLICATION TO OPENING) Interview #1 & #2 WEEK 1 2 3 4 MONTH 1 5 Letter of Intent FA Signed Selecting Real Estate 6 7 8 9 2 I ♡ CONFIDENTIAL Application Review / Due Diligence Confirmation Day Management Interviews / Due Diligence / Background Checks - 22 23 3-5 Official Franchise Design & Buildout Partner 6-10 On-Site Training 46 47 48 11 I Treshii Qoon Store Opening 10

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