On July 7, 2022, Heath Hawker indicated his intention to withdraw as Director of Industrial Human Capital, Inc., the same to be effective July 11, 2022. Mr. Hawker's resignation was not in connection with any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. On July 12, 2022, Bennet Tchaikovsky also indicated his intention to withdraw as Director of the Company the same to be effective July 14, 2022.

Mr. Hawker's resignation was not in connection with any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.