Boris Silver provided notice to 10X Capital Venture Acquisition Corp. II of his decision to resign from the Company's Board of Directors effective as of December 1, 2022. Mr. Silver's decision to resign was not the result of any disagreement with the Company, the Company's management or the Board.

On December 8, 2022, the Board appointed Mike Brown to serve as a Class II director of the Board. Mr. Brown will also serve as a member of the Audit Committee of the Board. In connection with his appointment to the Board, Mr. Brown entered into the following agreements with the Company: A joinder agreement to the letter agreement, dated December 8, 2022, pursuant to which Mr. Brown became a party to that certain letter agreement, dated August 10, 2021, between the Company, 10X Capital SPAC Sponsor II LLC, a Cayman Islands limited liability company and other insiders signatory thereto, wherein Mr. Brown has agreed to be bound by and comply with the provisions of that certain letter agreement applicable to insiders in the same manner as if Mr. Brown were an original signatory thereto and in such capacity as an insider therein.

An indemnity agreement, dated December 8, 2022, (the “Indemnity Agreement”), between the Company and Mr. Brown, providing Mr. Brown contractual indemnification substantially in the form previously presented to the Board in addition to the indemnification provided for in the Company's second amended and restated memorandum and articles of association.