Founded in Boulder, Colorado as a single-style clog in six colors, Crocs has grown to be a globally recognized brand for its iconic clog silhouettes. Crocs Inc. is engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for women, men, and children. Crocs focuses on providing consumers with comfortable, casual, colourful, and innovative footwear styles, with a focus combining its simple design aesthetic with modern comfort, and expanded into a wide variety of casual footwear products including sandals, wedges, flips, and slides that meet the needs of the whole family. The vast majority of Crocs™ shoes feature Croslite™ material, a proprietary, moulded footwear technology that gives each pair of shoes soft, comfortable, lightweight, non-marking, and odour-resistant qualities. We operate our Crocs EBOs pursuant to the Crocs Agreement having a tenure of 18 years. After the first term of three years, the contract provides for automatic renewal for five successive periods of three years each. Under the Crocs Agreement, we are permitted to use the trademarks and other intellectual property under the Crocs brand, for the limited purpose of retailing Crocs products in India. As of March 31, 2021, we had 149 Crocs™ branded EBO format stores.