As contemplated by the Arrangement Agreement, at the Effective Time, the size of the board of directors of Tilray, Inc. (the ‘Board’) was increased to consist of nine directors. Each of Michael Auerbach, Rebekah Dopp, Soren Schroder and Christine St.Clare (the ‘Resigning Directors’) resigned from the Board and from all committees of the Board of which such individual was a member, effective as of the Effective Time. The resignations are not a result of any disagreement between Tilray and any of the Resigning Directors or any matter relating to Tilray’s operations, policies, or practices. In connection with the change of control of Tilray, the Board accelerated the vesting of all unvested equity awards granted to the Resigning Directors. The following persons are newly appointed directors following the closing. Irwin D. Simon as Chairperson of the Board of Directors, Jodi Butts as Director, David F. Clanachan as Director, John M. Herhalt as Director, David Hopkinson as Director, Thomas (Tom) Looney as Director, Renah Persofsky as Director and Walter Robb as Director.