On August 23, 2023, B. Thomas Golisano resigned as a member of the Board of Directors of Eastman Kodak Company. Mr. Golisano?s resignation was not related to any disagreement with the company on any matter relating to the Company?s operations, policies, or practices. On August 23, 2023, David P. Bovenzi was appointed to the Board and the Compensation, Nominating and Governance Committee of the Board.

Mr. Bovenzi, 52, serves as Chief Investment Officer of Grand Oaks Capital, having served in that position since November 2016. Prior to joining Grand Oaks Capital, Mr. Bovenzi served as Managing Director and Portfolio Manager at U.S. Trust and its successor, Bank of America Private Bank, structuring investment portfolios for high-net-worth individuals and managing teams of investment professionals across the Northeast. Mr. Bovenzi also serves on the boards of directors of a number of private portfolio companies, serves on the investment committee of the George Eastman Museum and serves as the chairman of the investment committee of McQuaid Jesuit High School.

Mr. Bovenzi is succeeding Mr. Golisano as the designee of GO EK Ventures IV, LLC (the ?Investor?) on the Board. In connection with the purchase by the Investor of Series C Preferred Stock of the Company pursuant to the Series C Preferred Stock Purchase Agreement between the Company and the Investor dated as of February 26, 2021, the Company granted the Investor the right to nominate at the Company?s annual or special shareholder meetings one member to the Board and to nominate a successor to fill any vacancy created by the Designee ceasing to serve on the Board for any reason during his or her term. This right expires upon the earlier to occur of the third anniversary of the initial issuance of the Series C Preferred Stock or the Investor ceasing to directly or indirectly hold at least a majority of the shares of Series C Preferred Stock purchased pursuant to the Purchase Agreement or the Common Stock received upon the conversion of such shares.

Pursuant to the Purchase Agreement, Mr. Bovenzi is entitled to the same retainer, equity compensation and other fees or compensation, including travel and expense reimbursement, paid to the non-executive directors of the Company for his service as a director.