NewAge, Inc. announced that in connection with the Amended Merger Agreement, on November 13, 2020, Reginald Kapteyn, who serves on the Audit Committee and Compensation Committee, advised the Company's Board of Directors that, as of the Closing Date, he will resign from the Board and from all committees of the Board on which he served. On November 13, 2020, in connection with the Amended Merger Agreement, the Board appointed Frederick W. Cooper, the chief executive officer of Ariix, to fill the vacancy on the Board effective as of the Closing Date.