On March 3, 2020, Lennie Nicholson was appointed as General Counsel of GWG Holdings, Inc., replacing Craig Opp, who has served as General Counsel of the Company since August 1, 2018. Prior to joining the Company, Mr. Nicholson served with LegacyTexas Bank in various positions beginning in March 2001, ultimately becoming its Senior Vice President and Associate General Counsel in 2008. Prior to joining LegacyTexas Bank, Mr. Nicholson was an attorney with Winstead PC where he served as an attorney and counselor to corporate, real estate and financing clients. Mr. Nicholson received his B.A. from Centenary College of Louisiana in 1995 and his Juris Doctorate from Southern Methodist University in 1998 following 4 years of service in the United States Army until 1989. On March 2, 2020, Kathleen J. Mason resigned as a director of the Company due to an unrelated business opportunity that she is pursuing, which will not allow her adequate time to dedicate to her director obligations with the Company. Ms. Mason’s resignation was not due to any disagreement with the Company on any matter relating to the operations, policies or practices of the Company.