FanDuel – Paddy Power Betfair Business Combination: Summary of Background and Material Terms

FanDuel – Paddy Power Betfair Business Combination: Summary of Background and Material Terms , updated 11/17/23, 4:22 PM

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The summary set forth below is intended to be a high level overview of the background and material terms of the Business Combination, as such term is defined in that certain offer made by PandaCo, Inc. (the “Company”) to which this summary is attached (the “Offer”). The summary is provided for the benefit of shareholders to provide some high level information and context about the transaction, but does not purport to contain a description of all material terms applicable to the Business Combination, and each term described herein is qualified in its entirety by reference to any applicable definitive agreements with respect thereto.

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