On September 16, 2022, the Board of Directors of Mullen Automotive Inc. appointed John K. Anderson as a Class III director and as a member of the Audit Committee and the Compensation Committee of the Board, effective as of September 19, 2022. On the same date and effective as of the Effective Date, Jonathan New provided notice of his resignation as a director of the Company. Mr. New was a member of the Compensation Committee and chair of the Audit Committee.

As of the Effective Date, the members of the Compensation Committee are Kent Puckett, chair, Mark Betor and John K. Anderson, and the members of the Audit Committee are Kent Puckett, chair, Mark Betor and John K. Anderson. Mr. Anderson, 68, has owned and operated various businesses since 1972, concentrating on real estate investment and management, primarily of multi-family residential units along with commercial sales and leases, in California, Utah and Wyoming, since 1980. From 1986 to 1996, Mr. Anderson was a partner in a large real estate company with over 300 sales agents and an escrow company, loan company and other real estate services.

Since 2013, he has been a director and officer of Eminence Escrow, Inc. and, since 2015, he has owned and operated DNJ Investments, Inc., both of which provide escrow services. The company believe that Mr. Anderson is qualified to serve as a director because of his extensive and in-depth experience in operating and growing businesses. As a director, Mr. Anderson will receive the same compensation for non-employee directors as described in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2021.

There are no arrangements or understandings between Mr. Anderson and any other person pursuant to which he was appointed to serve on the Board. Mr. Anderson does not have a direct or indirect material interest in any “related party” transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Anderson and any director or executive officer of the Company. the Board appointed Jonathan New as Chief Financial Officer of the Company and Kerri Sadler's position was changed from Chief Financial Officer to Chief Accounting Officer, all effective as of September 19, 2022.