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NOTABLE TRANSACTIONS: Consumer Products & Services

Papa John's
RJM Properties, Inc.

PJPA, LLC
Pennsylvania
October 2002

PJPA is a Papa John’s Pizza franchisee serving Central and Eastern Pennsylvania. Bengur Bryan acted as financial advisor in the sale of the Northern division of this franchisee of Papa John’s Inernational to RJM Properties, Inc.

Papa John’s International is the third largest pizza company in America. As of February 23, 2003, Papa John’s had 2,792 restaurants (590 company-owned and 2,202 franchised) operating in 49 states and 10 international markets. Papa John’s also owns or operates an additional franchised 142 Perfect Pizza restaurants in the United Kingdom. Papa John’s is the recognized quality leader among national pizza companies and today remains committed to its heritage of making a superior-quality, traditional pizza.