On January 7, 2021, in connection with the IPO, Mr. Richard K. Bynum, Ms. Stephanie M. Phillipps, Ms. Marjorie Rodgers Cheshire, Mr. Gagan Singh, Ms. Margaret B. Smith, Ms. Toni Townes-Whitley and Ms. Andrea L. Zopp were appointed to the board of directors of Empowerment & Inclusion Capital I Corp. Ms. Phillipps, Ms. Cheshire, Ms. Smith, Ms. Townes-Whitley and Ms. Zopp are independent directors. Effective January 7, 2021, (i) Ms. Townes-Whitley, Ms. Cheshire and Ms. Zopp were appointed to the Board's Audit Committee, with Ms. Townes-Whitley serving as chair of the Audit Committee; (ii) Ms. Cheshire and Ms. Zopp were appointed to the Board's Compensation Committee, with Ms. Cheshire serving as chair of the Compensation Committee; and (iii) Ms. Phillipps and Ms. Smith were appointed to the Board's Nominating and Corporate Governance Committee, with Ms. Phillips serving as chair of the Nominating and Corporate Governance Committee. Effective January 7, 2021, the Board is comprised of nine (9) members in total and is classified into the following three classes: the term of office of the first class of directors, Class I, consists of Ms. Laura L. Long, Mr. Bynum and Mr. Singh and will expire at the Company's first annual meeting of stockholders; the term of office of the second class of directors, Class II, consists of the CEO, Ms. Smith and Ms. Zopp and will expire at the Company's second annual meeting of stockholders; and the term of office of the third class of directors, Class III, consists of Ms. Townes-Whitley, Ms. Cheshire and Ms. Phillipps and will expire at the Company's third annual meeting of stockholders.