On April 17, 2022, Jay Burnham, Emanuel R. Pearlman, Michael Redd, Reed Rayman, David B. Sambur, Lee J. Solomon and Charles Yamarone resigned from Redbox Entertainment Inc.'s board of directors (the ‘ Board') and each of its committees. The resignations were among certain changes to the composition and size of the Board that the Company agreed to implement in connection with the execution of the Sixth Amendment, as further reported in the Prior 8-K. Kimberly Kelleher and Galen C. Smith will remain on the Board. In connection with the execution of the Sixth Amendment, the Board also approved a decrease in the size of the Board from nine (9) to five (5) members, and elected Gregory W. Frenzel, Neal P. Goldman and Robert H. Warshauer (the ‘ New Directors') to the Board, to fill the remaining vacancies.

As previously reported by the Company on a Current Report on Form 8-K filed with the Securities and Exchange Commission on April 15, 2022 (the ‘ Prior 8-K'), certain of the Company's subsidiaries entered into an Incremental Assumption and Amendment Agreement No. 6 (the ‘ Sixth Amendment'), further amending that certain amended Credit Agreement, dated as of October 20, 2017 (as further amended by the Sixth Amendment, the ‘ Amended Credit Agreement').