On March 7, 2023, Sir Marc Feldmann, Ph.D. provided notice to the Board of Directors of 180 Life Sciences Corp. of his resignation as a member of the Board of Directors, effective on the same date (March 7, 2024). Sir Feldmann?s resignation was not the result of any disagreement with the Company relating to the Company?s operations, policies or practices, or otherwise.

Prior to his resignation, Sir Feldmann served as Co-Executive Chairman of the Company, but did not serve on any committees of the Board of Directors. Sir Feldmann will continue to serve as an employee of one of the Company?s subsidiaries. Effective March 7, 2024, the Board of Directors of the Company appointed Omar Jimenez and Ryan L. Smith as members of the Board of Directors (Board), which Appointments were effective as of the same date.

Mr. Jimenez and Mr. Smith were each appointed as a Class II director, and will serve until the Company?s 2024 Annual Meeting of Stockholders, until their successors have been duly elected and qualified, or until their earlier death, resignation or removal. Also on March 7, 2024, the Board determined to combine the Strategy and Alternatives Committee and the Risk, Safety and Regulatory Committee into a Strategy and Alternatives, Risk, Safety and Regulatory Committee, which has materially the same responsibilities that the two committees had prior to such combination. Upon his appointment to the Board, Mr. Jimenez was appointed as a member of the Board?s (a) Compensation Committee; (c) Nominating and Corporate Governance Committee; and (c) Strategy and Alternatives, Risk, Safety and Regulatory Committee, and as Chairperson of the Company?s Audit Committee.

Upon his appointment to the Board, Mr. Smith was appointed as a member of the Board?s (a) Audit Committee; and (b) Strategy and Alternatives, Risk, Safety and Regulatory Committee, and as Chairperson of the Compensation Committee and Nominating and Corporate Governance Committee. Mr. Jimenez has served as Chief Financial Officer (Principal Financial/Accounting Officer) and Chief Compliance Officer of Golden Matrix Group Inc. since April 2021. Since February 2020, Mr. Jimenez has also served as Chief Financial Officer and Chief Operating Officer of Alfadan Inc. a pre-startup that will provide a series of marine specific engines ranging from 450 horsepower (HP) to 1,050 HP when the research and development on such engines is completed.

From September 2016 to January 2020 and from January 2016 to January 2020, Mr. Jimenez served as Treasurer and Secretary and Chief Financial Officer and Chief Operating Officer, respectively, of NextPlay Technologies Inc. (f/k/a Monaker Group Inc.). Mr. Jimenez also served as a member of the Board of Directors of NextPlay Technologies Inc. (then known as Monaker Group Inc.) from January 2017 to August 2019. Mr. Jimenez has held a variety of senior financial management positions during his career.

From May 2009 to January 2016, he served as the founder of MARMEL International Inc., a company that provides accounting and consulting services. In addition, from June 2004 to May 2009 he served as President and Chief Financial Officer at American Leisure Holdings Inc., focusing on leisure and business travel, hospitality & hotels, call centers and real estate development. Mr. Jimenez also served from April 2002 to June 2004 as Director of Operations for US Installation Group Inc., a selling and installation group for The Home Depot, and CFO and VP of Onyx Group Inc., a conglomerate with 700 employees and annual revenues exceeding $400 million.

Mr. Jimenez is a Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA), Chartered Property Casualty Underwriter (CPCU), a Member of the AICPA and FICPA. Mr. Jimenez holds a B.B. A in Accounting and a B.B. A in Finance from the University of Miami and an M.B. A from Florida International University. Since December 2019, Mr. Smith has served as Chief Executive Officer of U.S. Energy Corp.

Mr. Smith served as Chief Financial Officer of U.S. Energy from May 2017 to June 2023, and has served as a member of the Board of Directors of U.S. Energy since January 2021. Mr. Smith consulted for U.S. Energy from January 2017 to May 2017. Prior to holding that position, Mr. Smith served as Emerald Oil Inc.?s Chief Financial Officer from September 2014 to January 2017 and Vice President of Capital Markets and Strategy from July 2013 to September 2014.

Emerald Oil Inc. filed for Chapter 11 bankruptcy protection in March 2016 and emerged from bankruptcy in November 2016. Prior to joining Emerald, Mr. Smith was a Vice President in Canaccord Genuity?s Investment Banking Group focused solely on the energy sector. Mr. Smith joined Canaccord Genuity in 2008 and was responsible for the execution of public and private financing engagements along with mergers and acquisitions advisory services.

Prior to joining Canaccord Genuity, Mr. Smith was an Analyst in the Wells Fargo Energy Group, working solely with upstream and midstream oil and gas companies. Mr. Smith holds a Bachelor of Business Administration degree in Finance from Texas A&M University. Audit Committee: Omar Jimenez, Chairperson of the Committee; Blair Jordan and Ryan Smith, Member of the Committee; Compensation Committee: Ryan Smith, Chairperson of the Committee; Blair Jordan and Omar Jimenez, Member of the Committee; Nominating, Corporate Governance Committee: Ryan Smith, Chairperson of the Committee; Blair Jordan and Omar Jimenez, Member of the Committee; Strategy and Alternatives, Risk, Safety and Regulatory Committee: Blair Jordan, Chairperson of the Committee; Omar Jimenez and Ryan Smith, Member of the Committee.