Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

Effective June 2, 2021, the board of directors (the "Board") of Independence Holdings Corp. (the "Company") approved an increase in the size of the Board from four (4) directors to five (5) directors and elected Ahmedulla Khan Khaishgi as a member of the Board's second class of directors. The Board appointed Mr. Khaishgi as a member of the audit committee and as a member of the compensation committee.

Mr. Khaishgi has over 25 years of experience in financial technology leadership, corporate strategy and transactions. Currently, Mr. Khaishgi is SVP Special Projects at SquareTrade, Inc. ("SquareTrade"), a subsidiary of The Allstate Corporation ("Allstate"), and is serving on the Signifyd, Inc. board of directors and the investment committee of Mentors Fund LLC, where he is a Founding Partner. Mr. Khaishgi is a Co-Founder of SquareTrade and served as its CEO from 2014 to March 2020. During his tenure as CEO, Mr. Khaishgi led SquareTrade to over 120 million active policy holders and developed partnerships with some of the largest retailers and operators in the world. Under Mr. Khaishgi's leadership, SquareTrade raised over $250 million from investors culminating in its $1.4 billion acquisition by Allstate in November 2016. Prior to co-founding SquareTrade, Mr. Khaishgi worked at McKinsey & Company, Inc. and The Procter & Gamble Company. Mr. Khaishgi holds a bachelor of science degree in Computer Engineering from the King Fahd University of Petroleum and Minerals and an MBA from Harvard Business School, where he graduated as a Baker Scholar.

There is no arrangement or understanding between Mr. Khaishgi and any other person pursuant to which she or he was selected as a director of the Company, and there is no family relationship between Mr. Khaishgi and any of the Company's other directors or executive officers.

The Board has determined that Mr. Khaishgi is an "independent director" as defined in the NASDAQ listing standards and applicable SEC rules. There are no transactions between the Company and Mr. Khaishgi that are subject to disclosure under Item 404(a) of Regulation S-K.

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