On July 13, 2023, the Board of MBG Holdings Inc. appointed Joseph Baum as Chief Restructuring Officer of the Company to hold such office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws. Mr. Baum is a Partner at CFGI who specializes in restructuring. He brings more than 20 years of experience leading the restructuring of companies in the roles of Chief Restructuring Officer and financial advisor.

Joseph?s work includes companies such as TOUSA, Fleming Foods, Tropicana Casino and Resort, Marcel Paper Mills, and Worldcom. Joseph?s professional affiliations include the American Institute of Certified Public Accountants, the American Bankruptcy Institute, the New Jersey Society of Certified Public Accountants, the Association of Insolvency and Restructuring Advisors, the Association of Certified Fraud Examiners, and the New York Institute of Credit. On July 13, 2023, the Board of MBG Holdings Inc., pursuant to its powers under the Company?s bylaws, appointed Samantha Sondrup as Deputy Secretary of the Company to hold such office until her successor shall have been duly elected and qualified or until her earlier death, resignation or removal in accordance with the Bylaws.