On October 8, 2021, Timothy B. Sawyer, Chief Executive Officer, and Philip K. Yachmetz, Executive Vice President, Chief Legal Officer and Corporate Secretary, resigned from their positions with Teligent, Inc. effective immediately. On October 8, 2021, the Company’s Board of Directors (the “Board”) appointed Mr. Bradley Scher as a new director of the Company effective immediately. There is no arrangement or understanding between Mr. Scher and any other person pursuant to which he was selected as an officer of the Company, and there are no family relationships between Mr. Scher and any of Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Mr. Scher has a direct or indirect material interest that are required to be disclosed pursuant to applicable rules and regulations of the U.S. Securities and Exchange Commission.  Appointment of Chief Restructuring Officer: On October 8, 2021, the Company appointed Mr. Vladimir Kasparov, a Managing Director at Portage Point Partners, LLC, a business advisory and interim management firm (“Portage Point”), as the Company’s Chief Restructuring Officer effective immediately. Mr. Kasparov, 40, has been associated with Portage Point since July 2021. Prior to joining Portage Point, Mr. Kasparov spent nearly 12 years with Andrews Advisory Group where he advised leading financial institutions, hedge funds, and private equity funds during corporate restructurings and operational turnarounds. Mr. Kasparov’s appointment as Chief Restructuring Officer is in accordance with an interim management services agreement with Portage Point, effective September 23, 2021 (the “Agreement”), pursuant to which Portage Point is providing a range of advisory and management services to the Company and is being paid fees based on specified hourly rates. The Company paid Portage Point a retainer to be applied against fees and expenses and has agreed to indemnify Portage Point and Mr. Kasparov from and against specified claims, liabilities, losses, expenses and damages. The Agreement has an indefinite term, but is subject to termination upon either party’s notice. There are no family relationships between Mr. Kasparov and any of Company’s directors or executive officers.