On May 26, 2023, Odyssey Marine Exploration, Inc. (Odyssey) and Laura L. Barton entered into a Separation Agreement and General Release pursuant to which Ms. Barton's employment as Odyssey's Chief Business Officer and Secretary will end on May 31, 2023 (the Termination Date"). Ms. Barton also resigned as a member of Odyssey's board of directors and all committees thereof effective May 31, 2023. Ms. Barton's resignation from Odyssey's board of directors was not a result of any disagreement with Odyssey on any matter related to Odyssey's operations, policies, or practices.

Ms. Barton's separation from Odyssey resulted from Odyssey's ongoing evaluation of its organizational structure to support its business goals, pursuant to which Odyssey has eliminated one full-time executive position. Ms. Barton will continue to provide services to Odyssey as a consultant. Odyssey appreciates Ms. Barton's services to Odyssey over the past 25 years.