Bowl America Incorporated (the ‘Company’) entered into an Agreement and Plan of Merger, dated May 27, 2021, (the ‘Merger Agreement’), by and among the Company, Bowlero Corp. (‘Parent’), and Potomac Merger Sub Inc., an indirect, wholly-owned subsidiary of Parent (‘Merger Sub’). The Merger Agreement provided for the merger of Merger Sub with and into the Company with the Company being the surviving corporation as an indirect, wholly-owned subsidiary of Parent (the ‘Merger’). On August 16, 2021, each of Allan Sher, Nancy Hull, Merle Fabian, Cheryl Dragoo and Gloria Bragg resigned from the board of directors of the Company effective at the Effective Time. Pursuant to the Merger Agreement, the directors of Merger Sub as of immediately prior to the Effective Time became the directors of the Company. In addition, Cheryl Dragoo, the Company’s sole executive officer, resigned as an executive officer (but not as an employee) with the Company as of the Effective Time. Pursuant to the Merger Agreement, the officers of Merger Sub as of immediately prior to the Effective Time became the officers of the Company.