On November 1, 2022, Rocky Mountain Chocolate Factory, Inc. sent a formal notice to Edible Arrangements, LLC terminating the Exclusive Supplier Operating Agreement, dated December 20, 2019 (“Supplier Agreement”), by and between the Company and Edible Arrangements, and the Ecommerce Licensing Agreement, dated March 16, 2020 (“Licensing Agreement”), by and between the Company and Edible Arrangements. The Supplier Agreement was terminated by the Company due to an uncured material breach by Edible Arrangements of Section 2(b) of the Supplier Agreement, which provides that Edible Arrangements may not purchase chocolate products for resale that compete with the Company's products. The Licensing Agreement was terminated by the Company due to an uncured material breach by Edible Arrangements of Section 5(b) of the Licensing Agreement, which requires Edible Arrangements to include on its home page a prominent link to the Company's marketplace that is no less prominent than any other brand, excluding Edible Arrangements' brand.

The Company now has no remaining material obligations under the Strategic Alliance Agreement, dated as of December 20, 2019 (“Strategic Alliance Agreement”), by and among the Company, Farids & Co. LLC and Edible Arrangements; the Common Stock Purchase Warrant (“Warrant”), dated December 20, 2019, issued to Edible Arrangements; and the Indemnification Letter Agreement (“Indemnification Agreement”), dated March 16, 2020, by and between the Company and Edible Arrangements. Subsequent to the termination of the Supplier Agreement and Licensing Agreement, no material relationship exists between the Company, or any of the Company's affiliates or control persons on the one hand, and Edible Arrangements, and any of its affiliates or control persons on the other hand.