On October 20, 2023, Lisa Gavales, Steven Scheiwe, and Raphael Wallander, each a member of the F45 Training Holdings Inc.?s Board of Directors notified the Company that he/she was resigning from the Board effective as of immediately following the funding of the Incremental Loans under the Subordinated Amendment. At the time of these resignations, Ms. Gavales served as a member of the Nominating and Corporate Governance Committee of the Board and the Compensation Committee of the Board, Mr. Scheiwe served as a member of the Audit Committee of the Board and the Compensation Committee of the Board and Mr. Wallander served as a member of the Audit Committee of the Board. None of Ms. Gavales?s, Mr. Scheiwe?s, or Mr. Wallander?s resignations is the result of any disagreement with the Company relating to its operations, policies or practices or with the Board or management.