On February 5, 2024, African Agriculture Holdings Inc. announced that effective January 30, 2024, Michael Rhodes has been appointed as Chief Executive Officer and Secretary. In connection with such transition, Alan Kessler transferred his role from Chief Executive Officer to Chief Strategic Officer, effective as of the Transition Date. In connection with his appointment as Chief Executive Officer, Mr. Rhodes will replace Mr. Kessler as the Company?s Principal Executive Officer.

Mr. Rhodes, 64, served as the founder and Chief Operating Officer of Rhodes Global from 2014 through the Transition Date. Mr. Rhodes primary responsibility was to develop energy and agriculture infrastructure in developing countries. Mr. Rhodes also served as the Chief Executive Officer of Rhoton Global from January 2020 through August 2023, an affiliate of Rhodes Global.

Mr. Rhodes?s principal responsibilities at Rhoton Global were to coordinate a power purchase agreement with Somaliland. Mr. Rhodes brings decades of operating experience in large-scale agriculture across Africa, including the hands-on management of over 16,000 hectares of productive farmland across more than eight East and West African nations. Mr. Rhodes has been involved in commercial-scale farming of alfalfa and other forage crops for animal feed for over 40 years, beginning on his family?s alfalfa farm in Utah, and the Company expects Mr. Rhodes to bring AAGR his experience implementing international best-practice standards for the growing of alfalfa and other animal feeds to farmers and ranchers across West Africa.