Wendy's International (WEN)

1. Organization of the Group

RTM Restaurant Group (the “Group”) is not a legal entity, but rather the combination of the financial statements of RTM Restaurant Group, Inc. (“RTMRG”) and its two wholly-owned subsidiaries, RTM, Inc. (and its subsidiaries) (“RTM”) and RTM Partners, Inc. (and its subsidiaries) (“Partners”), along with RTM Acquisition Company, L.L.C. (“RTMAC”), and RTM Management Company, L.L.C. (“Management”). These entities are owned and controlled by the same group of individuals (the “Owners”). Two of the companies were organized as Georgia limited liability companies. These limited liability companies and the related operating agreements shall be dissolved and terminated at the earlier of the written consent of a Majority Interest, as defined, sale of the companies, legal decree, or December 31, 2050.

The Group is the largest licensee of Arby’s® restaurants, owning and operating 774 Arby’s restaurants as of May 29, 2005. The Arby’s license agreements initially extend for twenty years and are renewable for successive twenty-year terms.

On July 25, 2005, Triarc Companies, Inc. (“Triarc”) completed transactions acquiring substantially all of the assets of the Group and resulting in the merger of the Group and Arby’s Restaurant Group, Inc. (the “Triarc Transaction”). For additional information about the Triarc Transaction, see Note 19.

1. Organization of the Group

      RTM Restaurant Group (the “Group”) is not a legal entity, but rather the combination of the financial statements of RTM Restaurant Group, Inc. (“RTMRG”) and its two wholly-owned subsidiaries, RTM, Inc. (and its subsidiaries) (“RTM”) and RTM Partners, Inc. (and its subsidiaries) (“Partners”), along with RTM Acquisition Company, L.L.C. (“RTMAC”), and RTM Management Company, L.L.C. (“Management”). These entities are owned and controlled by the same group of individuals (the “Owners”). Two of the companies were organized as Georgia limited liability companies. These limited liability companies and the related operating agreements shall be dissolved and terminated at the earlier of the written consent of a Majority Interest, as defined, sale of the company, legal decree, or December 31, 2050.

      The Group is the largest licensee of Arby's® restaurants, owning and operating 773 Arby's restaurants as of March 6, 2005. The Arby's license agreements initially extend for twenty years and are renewable for successive twenty-year terms.