On February 3, 2023, Ms. Nicole Camacho, the Chief Financial of Forza X1, Inc. (the “Company”), provided the Company notice of her resignation as an executive officer of the Company, effective February 24, 2023. Ms. Camacho informed the Company that she was resigning from the Company as an executive officer to pursue another opportunity and that her resignation was not the result of any disagreement relating to the Company's operations, policies or practices. On February 6, 2023, the Board of Directors (the “Board”) of the Company, appointed Carrie Gunnerson to the position of Interim Chief Financial Officer.

Ms. Gunnerson, age 47, has been a consultant to the Company since the closing of its initial public offering on August 16, 2022, and served as the Company's Chief Financial Officer from inception until closing of its initial public offering. Ms. Gunnerson has served as the Chief Financial Officer of Twin Vee Powercats Co., the Company's parent company (“Twin Vee”), since October 2021. Ms. Gunnerson served as the President and Chief Executive Officer of Art's Way Manufacturing Co., Inc. (“Art's Way”) from October 18, 2007 until July 21, 2020, as its Chief Financial Officer from July 2004 until January 2012 and interim from September 2012 until January 22, 2015 and again from May 31, 2018 until February 1, 2020.

Prior to joining Art's Way in 2004, from 2001 until 2004 Ms. Gunnerson was employed by Tyco Plastics Inc., where she was responsible for all of the functions of a controller. Ms. Gunnerson also served as director of the Farm Equipment Manufacturers Association, from November 2016 through July of 2020. Ms. Gunnerson received her Bachelor of Science degree in Accounting with a minor in Economics from the University of St.

Thomas in St Paul, Minnesota.