Effective as of January 7, 2020, Sam Battistone resigned as Chairman and member of the Board of Directors (the “Board”) of Globe Photos, Inc., corporation (the “Company”). Mr. Battistone's resignation is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. In addition, effective as of January 3, 2020, Max Scheder-Bieschin resigned as the Chief Financial Officer of the Company.

Mr. Scheder-Bieschin's resignation is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.