Effective December 22, 2022, each member of the Board of Directors and each officer of Fortune Rise Acquisition Corporation, a Delaware corporation (the ‘Company'), resigned from their respective positions. Effective December 22, 2022, the holder of 95.9% of the issued and outstanding shares of Class B Common Stock of the Company, acting through written consent in accordance with the Company's Bylaws, appointed Payam Eshraghian as a Class I director and Chairman. Effective December 22, 2022, Mr. Eshraghian, as the sole director of the Company and through unanimous written consent in accordance with the Company's Bylaws, appointed Ronald J. Pollack (Class II director) and Ryan Spick (Class III director) to serve as the Company's directors to fill vacancies left by outgoing directors.

Payam Eshraghian (51) is Founder and President of Nerve, LLC, a uniquely disruptive insurtech and fintech software firm registered in Delaware and headquartered in California. He is also strategic advisor for Agtools Inc., an AgriTech SaaS company mitigating risks across the global food supply chain. Historically, Mr. Ian has served as a strategic planning executive, retaining years of experience in corporate finance and operations, innovation advisory, business development, project, and alliance management.

For both established firms as well as for start-ups, he has overseen operational planning and budget management, merger due diligence and financial modelling, fielded private equity and venture capital stakeholders on multiple continents, mobilized operations teams, achieved high volume sales, and implemented enterprise software. Mr. Ian also routinely reviews trends analysis for achieving scaling economics and risk mitigation for client firms. Mr. Ian retains an MBA from Cambridge University's Judge Business School and a BA in Economics and Political Science from the University of California. He is an Innovation Advisor at Beall Applied Innovation, has worked across five industries, and successfully forecasted both the 2008 and 2020 Financial Crises while providing corporate strategic guidance.

Mr. Ian retains professional contacts globally, speaks multiple languages and has a passion for utilizing Big Data for competitive advantage. Mr. Ian was appointed as a director due to his background in corporate finance and operations. Ronald Pollack (65) is an experienced financial professional, angel investor and board member.

He current serves on the Board of Directors of Ronati (eCommerce software, privatge) and Venocare (medical devices, private) and the Advisory Board of CISO Global (cyber security managed services). Mr. Pollack previously served on the Board of Directors of TiE Tampa (a global entrepreneurship organization) and co-chair of its Florida angel network. He was a founding investor and served as Chairman of the Board of Telepathy Labs (artificial intelligence, private) from inception through Series Seed.

He is expert in finance and investing, having built a successful hedge fund business across multiple strategies and industry sectors. Mr. Pollack was Founder and Managing Partner of Bulldog Capital Management, a $1+ billion family of investment funds with a special focus on technology, including early-stage venture investments such as Digital Lightwave (fiber optic data networking, exited via IPO), Inktomi (search engine, exited via IPO), Lynx Therapeutics (DNA sequencing, exited via acquisition, now part of Illumina), Radiant Logic (identity data unification, exited via sale to TA Associates) and Vendio (e-commerce, exited via acquisition by Alibaba). Mr. Pollack started his career as an investment banker at Goldman Sachs, followed by Drexel Burnham Lambert.

He holds an MBA from Harvard Business School; a JD from Harvard Law School; and a Bachelor of Arts, Magna Cum Laude with Distinction in Economics & Political Science, from Yale University. Mr. Pollack was appointed as a director due to his background in corporate finance. Ryan Spick (45) works with business owners to scale up their companies through analysis and targeted improvements.

His proven expertise ranges from determining target audience, market research, branding, developing budgets, estimates, scopes of work to client relations, as well as implementing back-office functions and coordinating with trades. With an extensive background in institutional and commercial construction, Mr. Spick specializes in planning, strategizing, and managing sophisticated real estate projects from start to finish. He attended the British Columbia Institute of Technology and began his business career in Canada.

Mr. Spick is now based in Arizona and is passionate about mountain sports. In 2007, Mr. Spick founded The Dream Builder Group, a personal and business development company helping individuals and professionals to accomplish their ideal lifestyle and optimal success. Mr. Spick was appointed as a director due to his background in market research and due diligence.

As a result of recent departures from the Board and the new appointments, the committees of the Board of Directors currently consist of the following members: Payam Eshraghian: Member of Audit Committee and member of Compensation Committee. Ronald J. Pollack: Chair of Audit Committee and member of Compensation Committee. Ryan Spick: Chair of Compensation Committee and member of Audit Committee.