Material Event (Form 8-K)

On September 15, 2025, Bed Bath & Beyond, Inc. (the "Company") entered into Amendment No. 1 to the Amended and Restated Term Loan Credit Agreement with The Brand House Collective, Inc. (formerly known as Kirkland's, Inc.) ("The Brand House Collective") and its subsidiaries (the "Credit Agreement Amendment"), amending that certain Amended and Restated Term Loan Credit Agreement dated May 7, 2025 among the Company, The Brand House Collective and its subsidiaries party thereto (the "Existing Credit Agreement"; and the Existing Credit Agreement as amended by the Credit Agreement Amendment, the "Amended Credit Agreement"). Pursuant to the terms of the Amended Credit Agreement, new delayed-draw term loan commitments in an aggregate original principal amount of $20 million (the "Delayed Draw Term Loan Commitments") were established. Any loans extended pursuant to the Delayed Draw Term Loan Commitment are convertible by the Company into equity of The Brand House Collective, up to 75% of the aggregate outstanding common stock of The Brand House Collective, on the terms set forth in, and subject to further conditions specified in the Amended Credit Agreement.

In connection with the Amended Credit Agreement described above, on September 15, 2025 the Company entered into Amendment No. 1 to the Asset Purchase Agreement dated May 7, 2025 between the Company and The Brand House Collective ("Purchase Agreement"), increasing the total purchase price from $5.233 million to $10 million, to be paid in consideration of the assignment by The Brand House Collective of all of its right, title and interest in and to its trademarks and domain names comprised of or containing the element KIRKLAND'S and certain related marks and brand assets (the "Kirkland's Brand") to the Company, as more fully described in the Purchase Agreement. The purchase price was paid at closing on September 15, 2025, concurrently with the assignment of the Kirkland's Brand to the Company.

In connection with the closing of the Purchase Agreement described above, on September 15, 2025 the Company entered into an amendment to the existing trademark license agreement (the "Existing Trademark License Agreement") with The Brand House Collective (as amended, the "Trademark License Agreement"), pursuant to which the Company agreed to license the Kirkland's Brand to The Brand House Collective (i) to continue to operate its existing Kirkland's-branded brick-and-mortar retail stores and e-commerce websites and to operate any other retail stores or e-commerce websites approved by the Company in its sole and absolute discretion, and (ii) to continue to manufacture, market, distribute and sell under the Kirkland's Brand all other goods and services that The Brand House Collective, its affiliates, and its or their predecessors manufactured, marketed, distributed and sold historically under the Kirkland's Brand. In addition, the Company granted The Brand House Collective an exclusive license limited solely to operating its existing Kirkland's Brand brick-and-mortar retail stores (7,000-15,000 square feet per location), which expires upon the earlier of September 15, 2027, or the rebranding or closure of all such stores. All other rights to the Kirkland's Brand remain with the Company.

The Existing Credit Agreement, the Purchase Agreement and the Existing Trademark License Agreement were previously described in a Current Report on Form 8-K filed by the Company on May 12, 2025, and such descriptions are incorporated by reference herein.