BM Technologies, Inc. previously announced on February 7, 2024 the mutual agreement with James Dullinger, the Company?s current Chief Financial Officer, to not renew Mr. Dullinger?s existing Employment Agreement dated January 26, 2023 (as amended, the Dullinger Agreement), upon its expiration on March 31, 2024, and the appointment of Ajay Asija as Chief Financial Officer, effective as of April 1, 2024 (Asija Agreement). On March 26, 2024, the Company?s Board of Directors approved the extension of Mr. Dullinger?s service as Chief Financial Officer through April 5, 2024 and further approved the effective date on which Mr. Asija would assume the role of Chief Financial Officer as April 6, 2024. On March 26, 2024, the Company and Mr. Dullinger entered into a second amendment (Dullinger Amendment) to the Dullinger Agreement, providing for the extension of Mr. Dullinger?s employment as Chief Financial Officer of the Company through April 5, 2024, payment of an extension bonus, accrual of paid time off, and deletion of non-compete restrictions.

Concurrently, the Company and Mr. Asija entered into a first amendment (Asija Amendment) to the Asija Agreement to modify the effective date on which Mr. Asija will assume the role as the Company?s Chief Financial Officer, from April 1, 2024 to April 6, 2024.