At the Effective Time, the size of the BioTime’s board of directors was set at nine, and Don M. Bailey was appointed to BioTime’s board of directors to hold office in accordance with the certificate of incorporation and bylaws of BioTime and until his successor is duly elected and qualified or until his earlier death, resignation or removal. Mr. Bailey has not been named to any committee of the BioTime board of directors and, as of the date of this disclosure, the BioTime board of directors has not yet determined which committees, if any, on which he will serve.