Tilray Brands Inc

On* July 25, 2024,the Board of Directors of the Company (the “Board”) approved fiscal year2025* retention payments to be made on or about* August 15, 2024 (the “Payment Date”) for the following executives (the “Executives”) in the amount set forth opposite each Executive’s name pursuant to an Executive Retention Agreement (the “Executive Retention Agreement”) entered into with each Executive. Pursuant to the terms of each Executive Retention Agreement, such retention payments require continued employment from the Payment Date through May 31, 2025 (the “Repayment Period”). If the Executive terminates employment without Good Reason or is terminated by the Company for Cause (both terms as defined in the Executive’s employment agreements) prior to May 31, 2025,then such Executive must repay a pro-rated portion of the retention payment based on the number of daysnot* employed by the Company during the Repayment Period. A copy of the form of Executive Retention Agreement is filed as an exhibit to thisForm10-K.