The board of Salon Media Group, Inc., having obtained sufficient vote by the directors and having accepted the resignation of four (4) previously serving directors, elected three (3) new directors to the board: (i) Richard MacWilliams, (ii) Rodney Bienvenu, and (iii) Trevor Colhoun. Previously serving directors, Deepak Desai, George Hirsch, James Rosenfield, and John Warnock resigned from the board upon the election of Mr. MacWilliams, Mr. Bienvenu, and Mr. Colhoun at the Initial Closing.