On February 14, 2022, Rakesh Tondon notified Kernel Group Holdings, Inc. ('Kernel') of his decision to resign from his position as a member of Kernel's board of directors, effective as of such date. Mr. Tondon continues to serve as Kernel's chief financial officer. As a result of Mr. Tondon's resignation as a member of Kernel's board of directors, Kernel's directors have determined to reduce the size of its board of directors from six to five members.