Effective as of April 4, 2023, Thomas Staggs, Kevin Mayer, Keith L. Horn and Salil Mehta resigned as members of the Board of Directors (the “Board”) of Forest Road Acquisition Corp. II (the “Company”). The resignations were not the result of any disagreement with management or the Board on any matter relating to the Company's operations, policies or practices.

Effective as of April 6, 2023, the Board appointed: Zachary Tarica as Chairman of the Board and Idan Shani, Ms. Gondipalli and Mr. Strauss as members of the Board. Each of Pallavi Gondipalli and Daniel Strauss qualify as independent directors and will also serve as members of the Audit Committee, the Compensation Committee and the Nominating and Governance Committee of the Board. Zachary Tarica has served as the Company's Chief Operating Officer since inception.

Mr. Tarica is currently the founder and Chief Executive Officer of The Forest Road Company, LLC (the “Forest Road”). Mr. Tarica previously served as the Chairperson of the board of directors and Chief Investment Officer of Forest Road Acquisition Corp. from September 2020 to June 2021.

Prior to establishing Forest Road, Mr. Tarica served as a Credit Analyst at Brookfield Asset Management from June 2014 to May 2018. From 2008 to 2014, Mr. Tarica worked for Deutsche Bank as a distressed desk analyst focused on investing in special situations in the energy and infrastructure sectors. Mr. Tarica holds a B.S. degree in Business with a minor in Organizational Communications from Northeastern University.

Idan Shani has served as the Company's Chief Financial Officer since inception. Since October 2018, Mr. Shani has served as the Chief Financial Officer and Chief Operating Officer of Forest Road. Mr. Shani served as the Chief Operating Officer of FRX I from September 2020 to June 2021.

Prior to joining Forest Road, he was President and Head of Research of Antarctica Asset Management (U.S.) Inc. (“Antarctica”) and its predecessor Antarctica Asset Management LLC. He remains involved at Antarctica as a senior independent member of the investment and allocation committee with reporting duties to the board of directors. He was a research analyst at Ivy Asset Management from June 2005 to June 2008, focusing on credit strategies.

He currently leverages his experience as a hedge fund allocator offering essential financial and administrative controls to oversee the build-out of all blockchain-based businesses and platforms. Mr. Shani holds a B.A. degree in Economics with a Division of Studies in Management (summa cum laude) from The Open University of Israel. Pallavi Gondipalli since January 2023 has served as a strategic advisor to investment funds and company founders in frontier asset classes where investor sponsorship is less developed. From July 2020 to April 2022, Ms. Gondipalli was a Managing Partner at CoinFund, where she spearheaded capital formation for pre-seed and seed, series A and liquid token strategies.

Prior to CoinFund, Ms. Gondipalli served as Co-Head of Investor Relations & Marketing from May 2017 to July 2020 at Luminus Management. From July 2015 to May 2017, Ms. Gondipalli was a Director of Investor Relations at LS Power (former parent company of Luminus) where she served in a senior capital formation role for their power private equity business, related power asset offerings and the Luminus hedge fund strategy. From May 2010 to May 2015, Ms. Gondipalli was a Vice President in capital formation at One William Street.

From February 2008 to April 2010, Ms. Gondipalli was an Associate with Millennium Global. From 2002 to 2006, Ms. Gondipalli was a public accountant with Ernst & Young in both Chicago and London. Ms. Gondipalli holds an MBA in finance from the Wharton School of Business and a BBA in Accounting (CPA) from Emory University (Goizueta Business School).

Daniel Strauss has been serving as the Chief Executive Officer of GlassBridge Enterprises since March 2019. Prior to that, Mr. Strauss served as GlassBridge's Chief Operating Officer from March 2017 to December 2019. From March 2019 to June 2021, Mr. Strauss served as Chief Executive Officer of Adara Enterprises Corp.

In April 2021, Adara filed a prepackaged chapter 11 plan of reorganization. Mr. Strauss has served as a member of the board of directors of ARRIVE since March, 2017. Mr. Strauss served as a Portfolio Manager at Clinton Group Inc. from August 2010 to December 2019.

At Clinton, Mr. Strauss was responsible for evaluating and executing private equity transactions across a range of industries and the ongoing management and oversight of Clinton's portfolio investments. From 2008 to 2010, he worked for Angelo, Gordon & Co. as a member of the firm's private equity and special situations area.

Mr. Strauss was previously with Houlihan Lokey where he focused on mergers and acquisitions from 2006 to 2008. Mr. Strauss served on the boards of directors of Pacific Mercantile Bancorp from 2011 until 2015 and Community Financial Shares Inc. from 2012 until its sale to Wintrust Financial Corporation in 2015. Mr. Strauss received a Bachelor of Science in Finance and International Business from the Stern School of Business at New York University.