Blackwells Capital Activist Presentation Deck

GOVERNANCE FAILURES Expectation Economic Alignment Diversity Lack of Independent Chair BW BLACKWELLS CAPITAL Criteria Interests aligned with shareholders Has a diverse and inclusive array of Board Members Have an Independent Chair to monitor management on behalf of the shareholders Strictly Confidential & Trade Secret Assessment Limited stock ownership and open market purchases of stock The legacy board sorely lacks diversity WPT's CEO is also the Chairman of the Board WPT Grade FAIL FAIL FAIL 66

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