On March 8, 2022, Dollar Tree, Inc. and MR Cobalt Advisor LLC entered into a Stewardship Framework Agreement pursuant to which, among other things, the Company's Board of Directors agreed to the appointment of Richard W. Dreiling as the Company's new Executive Chairman and the addition of 7 new members to the Board, including Paul C. Hilal and Richard W. Dreiling, with all of such individuals joining the Board at the earlier of (x) on the first business day immediately following the date of the filing of the Company's annual report on Form 10-K for the fiscal year ending January 29, 2022 with the SEC and (y) the date and time after March 15, 2022 that Mantle Ridge specifies in a notice delivered at least is 3 business days in advance of the specified date and time.