EVO Transportation & Energy Services, Inc. appointed Michael Bayles, a former member of the Company's board of directors and a former officer of the Company, as a member of the Company's Board, effective immediately. Mr. Bayles was appointed to fill a newly-created vacancy on the Board. Pursuant to the Certificate of Designations described in Item 5.03 of this Current Report on Form 8-K, on March 18, 2022, Mr. Bayles was appointed to serve on each committee of the Board.

Also pursuant to the Certificate of Designations, Mr. Bayles is expected to serve as a member of the Board until such time as the Series C Preferred is no longer outstanding or until his earlier resignation. Michael Bayles, age 38, previously served as restructuring advisor to the Company from May 2020 to October 2020 and as chief restructuring officer and a member of the Board from October 2020 until his resignation in March 2021. Mr. Bayles has served as vice president of investments of Slam Corp, a special purpose acquisition company, since March 2021.

Mr. Bayles previously served as an analyst at Antara Capital from May 2018 until May 2020, and as a credit analyst at GLG Partners from May 2016 to December 2017. Prior to GLG Partners, Mr. Bayles was vice president at Avenue Capital Group from September 2008 to April 2016. Mr. Bayles has a bachelor's degree in economics from the Wharton School of the University of Pennsylvania.

The Company believes that Mr. Bayles's significant restructuring and credit analysis experience make him well qualified to serve as a member of the Board.