On March 7, 2023, F45 Training Holdings Inc. (the "Company") entered into a letter agreement with Ben Coates, Interim Chief Executive Officer of the Company (the "Letter Agreement"), to retroactively extend the term of that certain Employment Agreement by and between the Company and Mr. Coates, dated as of September 20, 2022 (the "Employment Agreement"), previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 22, 2022, through and including the earlier of (i) July 31, 2023 and (ii) Mr. Coates no longer being employed with the Company. The term of the Employment Agreement previously expired on January 31, 2023.