On May 25, 2023, Embark Technology, Inc. (Embark) entered into an Agreement and Plan of Merger with Applied Intuition, Inc. (Applied) and Azara Merger Sub, Inc. (Merger Sub). The Merger Agreement provides that, subject to the terms and conditions therein, Merger Sub will merge with and into Embark (Merger), with Embark continuing as the surviving corporation of the Merger and a wholly owned subsidiary of Applied. The Merger was consummated on August 2, 2023.

On August 2, 2023, and as a result of the consummation of the Merger, immediately following the Effective Time, Qasar Younis became the director of Embark. The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak. At the time of her resignation, Ms. Herscher was the chair of Embark?s board of directors, a member of the Transaction Committee and chair of the Compensation Committee of Embark?s board of directors.

At the time of his resignation, Mr. Grady was a member of the Transaction Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of Embark?s board of directors. At the time of her resignation, Ms. Chao was a member of the Transaction Committee and the Audit Committee of Embark?s board of directors. At the time of his resignation, Mr. Robertson was a member of the Transaction Committee and Audit Committee and chair of the Nominating and Corporate Governance Committee of Embark?s board of directors.

At the time of her resignation, Ms. Chiodo was a member of the Transaction Committee and Compensation Committee and chair of the Audit Committee of Embark?s board of directors. On August 2, 2023, and as a result of the consummation of the Merger, immediately following the Effective Time, Peter Ludwig became the President and Secretary of Embark, and Qasar Younis became the Treasurer of Embark. Alex Rodrigues, who was the Chief Executive Officer of Embark prior to the Effective Time, resigned as Chief Executive Officer of Embark effective as of immediately prior to the Effective Time.

Brandon Moak, who was the Chief Technology Officer of Embark prior to the Effective Time, resigned as Chief Technology Officer of Embark effective as of immediately prior to the Effective Time. For the avoidance of doubt, Mr. Rodrigues' and Mr. Moak?s resignations were solely with respect to their positions as i) director and ii) officer and were not a resignation from employment with Embark.