On July 28, 2023, Salona Global Medical Device Corporation and Lana Newishy agreed that, effective as of August 1, 2023 Lana Newishy's position with the Company was changed from Executive Vice Chair of the Company's Board of Directors to Non-Executive Vice Chair of the Company's Board of Directors. In connection with her becoming Non-Executive Vice Chair of the Company's Board of Directors the Company and Ms. Newishy agreed to amend the fixed payment component of her compensation package to provide that Ms. Newishy would be paid an hourly rate.