Arbitration Award of $352,493 Issued in favor of Livewire and Hodson

SUPPLEMENTAL INFORMATION: MATERIAL EVENT
DATE: March 14, 2022

Arbitration Award of $352,493 Issued in favor of Livewire and Hodson

In 2019, JS Barkats PLLC (“JSB”) initiated an arbitration against the Company and Mr. Hodson before the
American Arbitration Association (“AAA”), claiming that LiveWire and Mr. Hodson owed JSB fees
pursuant to a November 2015 “Retainer Agreement.” LiveWire and Mr. Hodson counterclaimed for
constructive fraud, breach of fiduciary duty, breach of the implied covenant of good faith and fair
dealing, and legal malpractice. The details of this legal action have been disclosed in earlier OTC filings
and Company press releases.

On March 10, 2022, the AAA arbitrator issued an award fully in favor of the Company and Mr. Hodson,
finding that they had proven their counterclaims and JSB had failed to prove its own claim. The
Arbitrator awarded the Company and Mr. Hodson a total of $352,493.02, including damages and costs
of arbitration, and ordered JSB to pay this sum no later than April 24, 2022. The Company and Mr.
Hodson will petition the federal court for the Southern District of New York to confirm the AAA award.