Volta Inc. (Volta or the company), a Delaware corporation, Shell USA Inc. (Shell), a Delaware corporation, and SEV Subsidiary Inc. (Merger Sub), a Delaware corporation and wholly owned subsidiary of Shell, pursuant to which Merger Sub merged with and into Volta (the Merger"), with Volta surviving the Merger and becoming a wholly owned subsidiary of Shell. The Merger Agreement was adopted by the company's stockholders at a special meeting held on March 29, 2023. Pursuant to the Merger Agreement, at the Effective Time, each of the Company's directors immediately prior to the Effective Time (Eli Aheto, Vince Cubbage, Martin Lauber, Katherine Savitt, Bonita Stewart and John Tough) ceased to be directors of the Company, and the director of Merger Sub immediately prior to the Effective Time became the director of the Company.

These departures were in connection with the Merger and not due to any disagreement with the Company on any matter. In connection with the completion of the Merger, at the Effective Time, each of the Company's officers immediately prior to the Effective Time (Chief Development Officer Drew Lipsher, Chief Legal Officer, Executive Vice President and Corporate Secretary Michelle Kley and Chief Accounting Officer Stephen Pilatzke) resigned and ceased to be officers of the company, and the officers appointed by the surviving corporation became the officers of the Company, including Brandt Hastings, who was appointed the President of the company.