On September 3, 2020, the Board of GWG Holdings, Inc. appointed Daniel Fine and David S. Gruber as Class II Directors to the Company's Board of Directors. In addition, Mr. Fine was appointed to the Board of Director's Compensation Committee and Special Committee, and Mr. Gruber was appointed to the Audit Committee and Special Committee. Mr. Gruber is the owner of MetroAmerican Developers, LLC, a private commercial real estate investor specializing in the development and acquisition of office and industrial properties in Dallas and San Diego. Mr. Fine is currently Managing Director of Airetel Staffing, Inc.