Effective June 30, 2021, the Board of Directors of Worksport Ltd., a Nevada corporation, appointed Mr. William Caragol and Mr. Ambassador Ned L. Siegel as members of the Board. The Board has determined that Messrs. Caragol and Ambassador Seigel each qualifies as an “independent director” as defined under Nasdaq Rule 5605(a)(2) and satisfy the independent requirements of Rule 10A-4 of the Securities Act of 1934, as amended. Following the Board appointments of Messrs. Caragol and Ambassador Siegel, the Board: Reconstituted the Board’s Audit Committee to consist of Mr. Craig Loverock (as Chairman) and Messrs. Caragol and Ambassador Siegel (as members). Mr. Loverock has been serving as a member of the Board and Chairman of the Board’s Audit Committee since April 12, 2019, and has been deemed by the Board to qualify as a “financial expert” under Item 407(d)(5)(ii) and (iii) of Regulation S-K promulgated under the Securities Act of 1933, as amended; 2. Established a Compensation Committee consisting of Mr. Caragol (as Chairman) and Messrs. Loverock and Ambassador Seigel (as members); and 3. Established a Nominating and Corporate and Governance Committee consisting of Mr. Ambassador Siegel (as Chairman), and Messrs. Loverock and Caragol (as members). The appointments of Messrs. Caragol and Ambassador Siegel to the Board and the reconstitution or establishment of the Board’s committees were done in connection with the Company’s listing application with the Nasdaq Capital Market. William Caragol, age 54, has, since April 2020, been Executive Vice President, Chief Operating and Chief Financial Officer of Hawaiian Springs LLC, a natural spring artesian bottled water company. From 2018 to the present, Mr. Caragol has served as the Managing Director of Quidem LLC, a corporate advisory firm. Since 2015, Mr. Caragol has served as the Chairman of the Board of Thermomedics Inc., a medical diagnostic equipment company. Since February 2021, Mr. Caragol has also served as a member of the Board of Directors and Chairman of the Audit Committee of Greenbox POS. Mr. Ambassador Ned L. Siegel, age 69, serves and the President of The Siegel Group, a multi-disciplined international business management advisory firm he founded in 1997 in Boca Raton, Florida, specializing in real estate, energy, utilities, infrastructure, financial services, oil and gas, and cyber and secure technology. Mr. Ambassador Siegel has served since 2013 as Of Counsel to the law firm of Wildes & Weinberg, P.C. From October 2007 until January 2009, he served as the United States Ambassador to the Commonwealth of The Bahamas. Craig Loverock, CPA, CA, age 50, has been a member of the Company’s Board and Chairman of the Board’s Audit Committee since April 22, 2019. Mr. Loverock is a licensed Chartered Professional Accountant and received his Chartered Accountant designation from the Institute of Chartered Accountants, Ontario, in 1997. Mr. Loverock has over 24 years of experience in accounting and finance roles in Canada, the United States, and England. Mr. Loverock has been the Chief Financial Officer and Corporate Secretary at Contagious Gaming Inc. since November 30, 2015, and currently serves as the Chief Financial Officer of Sproutly Canada Inc. From October 2014 to May 2015, he served as the Chief Financial Officer of VoiceTrust Inc. From November 2012 to October 2014, he served as the Chief Financial Officer and Chief Compliance Officer of Quartz Capital Group Ltd. From January 2010 to November 2012, he provided Chief Financial Officer consulting services to a number of high-growth businesses. The Board believes that Mr. Loverock’s vast professional experience, education, and professional credentials qualify him to serve as a member of the Company’s Board and as a member of the Board’s committees.