On October 16, 2022, Tiffany Walden, Chief Operating Officer of Olaplex Holdings, Inc., resigned from her role as Chief Operating Officer as well as a member of the Company's board of directors, effective October 18, 2022. Also on October 16, 2022, the Company and Ms. Walden entered into a Transition and Separation Agreement, pursuant to which Ms. Walden will transition from her role as Chief Operating Officer to a role as senior advisor to the Company for the period of October 18, 2022 to December 31, 2022, unless her employment earlier terminates pursuant to the terms of the Separation Agreement.