Krispy Kreme, Inc.

In the ordinary course of conducting our business, we have in the past and may in the future become involved in various legal actions and other claims. We may also become involved in other judicial, regulatory, and arbitration proceedings concerning matters arising in connection with the conduct of our businesses. Some of these matters may involve claims of substantial amounts. These legal proceedings may be subject to many uncertainties and there can be no assurance of the outcome of any individual proceedings. See Note 16, Commitments and Contingencies, to the audited Consolidated Financial Statements for information regarding certain legal proceedings in which we are involved, which is incorporated by reference into this Item 3 of Part I of this Annual Report.